Tesla misses on Q1 EPS, revenue consensus
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UPGRADETesla (TSLA) reported first-quarter adjusted earnings per share (EPS ) of $0.27, missing Wall Street's $0.41 consensus, after the market close on Tuesday.
Revenue of $19.34 billion missed the consensus by $2.07 billion and fell 9.2% YoY.
TSLA shares drifted 1% lower in the first few minutes of the post-market trade but then gained less than a percentage point.
Management blamed the decline in vehicle deliveries in the quarter, which had already been reported, on the Model Y update across all four of its production plants. Additionally, management blamed a reduced average selling price on necessary sales incentives.
Tesla delivered 336,681 vehicles in Q1 2025, down from 386,810 a year earlier and 495,570 in Q4 2024. Total deliveries declined 13%, and total production declined 16%.
Total automotive revenue fell 20% YoY to just under $14 billion in the quarter. Energy generation and storage revenue surged 67% YoY to $2.7 billion, while Services & Other contributed $2.6 billion and rose 15% YoY.
In the leadup to the earnings release, Jeff Kilburg, founder and CEO of KKM Financial, told CNBC hosts that recent volatility in TSLA stock owes more to political polarization than Tesla's operations. Kilburg called Tesla the "purest AI play" and dismissed recent setbacks in vehicle deliveries.
Tesla (TSLA) reported first-quarter adjusted earnings per share (EPS ) of $0.27, missing Wall Street's $0.41 consensus, after the market close on Tuesday.
Revenue of $19.34 billion missed the consensus by $2.07 billion and fell 9.2% YoY.
TSLA shares drifted 1% lower in the first few minutes of the post-market trade but then gained less than a percentage point.
Management blamed the decline in vehicle deliveries in the quarter, which had already been reported, on the Model Y update across all four of its production plants. Additionally, management blamed a reduced average selling price on necessary sales incentives.
Tesla delivered 336,681 vehicles in Q1 2025, down from 386,810 a year earlier and 495,570 in Q4 2024. Total deliveries declined 13%, and total production declined 16%.
Total automotive revenue fell 20% YoY to just under $14 billion in the quarter. Energy generation and storage revenue surged 67% YoY to $2.7 billion, while Services & Other contributed $2.6 billion and rose 15% YoY.
In the leadup to the earnings release, Jeff Kilburg, founder and CEO of KKM Financial, told CNBC hosts that recent volatility in TSLA stock owes more to political polarization than Tesla's operations. Kilburg called Tesla the "purest AI play" and dismissed recent setbacks in vehicle deliveries.
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