Tesla Inc. unveiled on Tuesday that its revenue in the first quarter of its fiscal 2025 amounted to $19.34 billion, falling 9% year over year. The figure came in below analyst expectations.
In the reported trimester, diluted earnings per share slumped 71% compared to the same timeframe in 2024, to stand at $0.12. Net income attributable to common shareholders in the first quarter nosedived 71% on an annual basis to $410 million.
"While the current tariff landscape will have a relatively larger impact on our Energy business compared to automotive, we are taking actions to stabilize the business in the medium to long-term and focus on maintaining its health ... We will revisit our 2025 guidance in our Q2 update," the carmaker said.
Tesla's stock added 0.73% in the after-hours trading following the release of the report to sell at $239.66 apiece.