Tesla Profits Crash 71% Amid Growing Backlash

Tesla’s profits have plummeted by 71 per cent in the first quarter of 2025, a collapse driven by weakening vehicle sales, political controversy and rising competition, thereby marking one of the toughest periods the electric vehicle pioneer has faced in years.

Tesla’s Financial Strength Shaken

Elon Musk’s Tesla posted $409 million in net income on $19.3 billion in revenue, falling well short of analyst expectations and underlining growing pressures on the company’s business model. Tesla’s car sales revenue plunged by 20 per cent compared to a year ago, reflecting not only a softening market but a series of self-inflicted wounds.