Tesla Q1 earnings report + conference call key points summary: attributing the decline in sales to vandalism and hostility
- Adjusted earnings per share and revenue for the first quarter fell short of expectations, with vehicle deliveries declining, including a 24% drop in deliveries of models such as the CyberTruck. The growth outlook for 2025 will be reassessed in the second quarter, with new vehicles expected to go into production in the first half of the year.
- Political sentiment is viewed as a risk, with vandalism and hostility being part of the reasons for the decline in first-quarter sales.
- Trump's trade policies featured prominently in investor earnings reports.
- Musk stated that in the future, most people will not buy cars and will significantly withdraw from Dogecoin (DOGE) in May.
- Powerwall deployment exceeded 1 gigawatt-hour for the first time.
- After the earnings report was released and the analyst conference call concluded, Tesla rose 5.28% in after-hours trading, temporarily reporting at $250.53