Tesla CEO Elon Musk wears a ‘Trump Was Proper About Every part!’ hat, as he, U.S. Commerce Consultant Jamieson Greer and Central Intelligence Company Director John Ratcliffe attend a cupboard assembly on the White Home, in Washington, D.C., U.S., March 24, 2025.
Carlos Barria | Reuters
Tesla is ready to report first-quarter earnings on Tuesday after market shut.
This is what Wall Avenue is anticipating, based mostly on a survey of analysts by LSEG:
- Earnings per share: 39 cents
- Income: $21.11 billion
Tesla is anticipated to report a slight income decline from $21.3 billion in the identical quarter a 12 months earlier. Nonetheless, traders are going to be extra centered on what the long run holds after considerations about tariffs and CEO Elon Musk’s shut ties to the White Home pushed the inventory worth down 44% up to now this 12 months as of Monday’s shut.
Earlier this month, Tesla reported a 13% decline in deliveries to 336,681. Tesla blamed the decrease deliveries, partially, on the necessity to droop manufacturing briefly at its factories whereas it upgraded traces to start out manufacturing a refreshed model of its standard Mannequin Y electrical SUVs.
Deliveries are the closest approximation of car gross sales reported by Tesla however should not exactly outlined within the firm’s shareholder communications.
At an all-hands assembly with staff final month, Musk tried to reassure staffers that they have been nonetheless in good palms, and to “cling onto your inventory.” He pointed to the recognition of the Mannequin Y, and Tesla’s potential in robotics, synthetic intelligence and autonomous automobile expertise.
On the assembly, Musk additionally made gentle of the backlash in opposition to Tesla elicited by his work for President Donald Trump to cut back the scale of the federal authorities, and his endorsements of Germany’s anti-immigrant AfD occasion, together with different political rhetoric and antics.
“In case you learn the information it seems like, you realize, Armageddon,” Musk mentioned on a livestream of the staff assembly. “It is like, I am unable to stroll previous the TV with out seeing a Tesla on hearth.” He adopted up saying, “That is psycho, cease being psycho!”
That was earlier than Trump’s announcement earlier this month of widespread tariffs, the one space the place Musk has publicly damaged with the Trump administration. On X, he referred to as Peter Navarro, Trump’s prime commerce advisor and tariff proponent, a “moron” and “dumber than a sack of bricks.”
Tesla stands to take a major hit from the president’s proposed tariffs, assuming they do not get rolled again. Tesla manufactures automobiles within the U.S. for home gross sales so it isn’t topic to the 25% tariff on imported autos, however the hefty levies on different parts and supplies might be extreme.
Tesla depends on suppliers in Mexico and China for objects like automotive glass, printed circuit boards and battery cells, amongst different components important for the manufacturing of its automobiles. The corporate has sought an exemption from the U.S. commerce consultant for tools imported from China that it makes use of in its factories.
