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26 May 2025 15:52
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      Home > News > Business

    Tesla's first-quarter profits have fallen by more than two-thirds amid a backlash against Elon Musk's electric car company that has hurt sales and sent its stock plunging

    Tesla's first-quarter profits have fallen by more than two-thirds amid a backlash against Elon Musk's electric car company that has hurt sales and sent its stock plunging


    Tesla says quarterly profits fell by 70 per cent to to $US409 million, or 12 cents a share, as Q1 revenue fell nine per cent to $US19.3 billion.

    The company's struggles to sell cars to consumers angry over Musk's leadership of a federal government jobs-cutting group that has divided the country and sparked protests.

    © 2025 Newstalk ZB, NZCity

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