Key Points
- Tesla’s Q1 2025 earnings showed a 71% drop in net income and a 9% decline in revenue.
- Elon Musk attributed some of Tesla’s struggles to “rapidly evolving trade policy” and “changing political sentiment.”
- Analysts express concerns about near-term uncertainty for Tesla, linking the company’s future to Musk’s involvement with the White House.
How much off their profit is tax credit related?
If I read well, more than 100% of the profit was tax rebates, i.e. without government subsidies they would have lost money
I wonder if their accounting is still showing the ones that Canada was refusing to pay out due to suspected fraud? Thinking they may get them back in court. If so, that could make it look even worse. Fingers crossed.