According to Elon Musk, owner of US electric vehicle company Tesla, they can withstand some ‘difficult quarters’ over the next few months, mainly due to the lack of US government in assistance for electric vehicle companies.
Tesla on Wednesday presented its worst quarterly sales figures in the last decade.
Its total revenue fell by 12 %, although the company introduced a new version of its highest -celling model Y SUV – in which investors were expected to improve sales.
Revenue and profit also hurt that the sale of regulatory credit to other auto -makers failed to follow environmental laws.
On March 29, 2025, protesters in front of a Tesla Service Center in Rainkandorf district of Berlin started ‘Weekend Protests’ against Tesla (AFP).
The US government is reducing tax credit by $ 7,500 for buyers of electric vehicles later this year.
Asked about these credits at the quarterly result conference, Elon Musk predicted that the company would face ‘some difficult quarters’ before revenue improvement from automated driving software later next year.
Following his comments, Tesla’s shares decreased by about 5 %.
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Meanwhile, Tesla says that she is working on a new, inexpensive car – some of its first units will be built by the end of June. However, production will increase in the next quarter.
The company also said that it expects its customs – manufactured robotics – called cyber cab – and expects a large -scale production of a semi -truck in 2026.
Meanwhile, there has been a decrease in sales of its vehicles in China. The distribution of Tesla of vehicles in China declined by 17 % year.
This decline was a major cause of the company’s total global sales, as China is a major and important market for Tesla.
Tesla reduced prices under competitive pressure in China, which reduced the average selling price of vehicles (ASPs), resulting in the company’s profit margin.
Chinese EV companies like Byd, New and Ziping have strengthened their grip in the local market, causing Tesla to face serious competition. The prices of these companies are relatively low and facilities are paying more attention to consumers.
