Tesla’s revenue and profits tank amid political chaos

Tesla released its first quarter financial earnings today, offering another peak into the crisis currently enveloping Elon Musk’s company. 

Tesla said it earned $409 million in net income on $19.3 billion in revenue. That’s below Wall Street expectations of $21.1 billion and represents a 9.4 percent decrease year over year compared to $21.3 billion in revenue in Q1 2024. The company’s profits also slid dramatically, logging a 71 decrease in net income for the first quarter. And Tesla’s automotive revenue ...