{"id":289195,"date":"2025-04-24T10:39:26","date_gmt":"2025-04-24T10:39:26","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/24\/teslas-profits-plunged-by-71-in-q1-2025-can-elon-musk-turn-it-around-times-of-india\/"},"modified":"2025-04-24T10:39:27","modified_gmt":"2025-04-24T10:39:27","slug":"teslas-profits-plunged-by-71-in-q1-2025-can-elon-musk-turn-it-around-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/24\/teslas-profits-plunged-by-71-in-q1-2025-can-elon-musk-turn-it-around-times-of-india\/","title":{"rendered":"Tesla&#8217;s profits plunged by 71% in Q1 2025. Can Elon Musk turn it around? &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/thumb\/msid-120581632,imgsize-1490040,width-400,resizemode-4\/120581632.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Tesla&#8217;s profits plunged by 71% in Q1 2025. Can Elon Musk turn it around? &#8211; Times of India\" title=\"Tesla&#8217;s profits plunged by 71% in Q1 2025. Can Elon Musk turn it around? &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Elon Musk is facing one of his toughest tests yet: restoring confidence in Tesla\u2019s brand. The electric carmaker has seen its profits plunge by 71 percent in the first quarter of 2025, driven largely by a backlash against Musk\u2019s political affiliations and controversial role in President Donald Trump\u2019s administration.<br \/>Sales of Tesla vehicles across Europe have dropped sharply, with a 45 percent decline in the EU and a staggering 62 percent fall in Germany alone, according to the European Automobile Manufacturers\u2019 Association (ACEA). Showrooms in Europe and the US have become targets for vandalism and boycott campaigns following Musk\u2019s support for public sector cuts and far-right figures overseas. In Milan, protesters hung Musk in effigy, while in Berlin and London, demonstrators labelled Tesla vehicles as \u201cSwasticars.<!-- -->\u201d<br \/>Also read: <a href=\"https:\/\/timesofindia.indiatimes.com\/world\/us\/my-time-at-doge-will-drop-significantly-elon-musk-to-focus-on-tesla-as-it-sees-big-drop-in-profit\/articleshow\/120530545.cms\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">&#8216;Will spend less time at DOGE from May&#8217;: Elon Musk to focus on Tesla as its profits plunge 71%<br \/><\/a><br \/>Despite these setbacks, Musk appears intent on shifting focus back to Tesla. During Tuesday\u2019s earnings call, he announced plans to reduce his time working for the \u201cDepartment of Government Efficiency\u201d \u2013 a post he holds in Trump\u2019s administration \u2013 to just one or two days per week starting in May. Tesla\u2019s shares rose nearly five percent following the announcement.<br \/>Musk rejected claims that political controversies were damaging the brand, instead blaming recent sales drops on production halts caused by upgrades to the Model Y. Analysts, however, are not convinced. JP Morgan described the situation as one of \u201cunprecedented brand damage,\u201d while Wedbush\u2019s Dan Ives, a longstanding supporter of Tesla, called it a \u201cfull-blown crisis.\u201d<br \/>Also read: <a href=\"https:\/\/timesofindia.indiatimes.com\/world\/us\/elon-musk-tesla-profits-doge-donald-trump-musk-and-trump\/articleshow\/120556941.cms\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">Tesla feels the heat: Elon Musk\u2019s DOGE politics hits Tesla profits<br \/><\/a><br \/>Compounding Tesla\u2019s woes is the rise of aggressive competition, particularly from Chinese automaker BYD, which is developing ultra-fast charging batteries. European manufacturers are also rolling out new models with advanced technology, further eating into Tesla\u2019s market share. <!-- -->In the US, Tesla\u2019s dominance has slipped, with its EV market share falling below 50 percent.<br \/>Meanwhile, Tesla continues to pin its hopes on autonomous driving. Musk reaffirmed that its Robotaxi service would launch in Austin by June, despite Google\u2019s Waymo already offering millions of driverless trips in several American cities. Musk insists that software updates will soon allow current Teslas to operate autonomously, although such promises have been made \u2013 and missed \u2013 before.<br \/>Tesla\u2019s valuation remains lofty, trading at over 100 times its projected earnings, making the company highly vulnerable to further setbacks. <\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The electric carmaker has seen its profits plunge by 71 percent in the first quarter of 2025, driven largely by a backlash against Musk\u2019s political affiliations and controversial role in President Donald Trump\u2019s administration.Sales of Tesla vehicles across Europe have [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":289196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-120581632,imgsize-1490040,width-400,resizemode-4\/120581632.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[224977,2534,224974,273,6039,59892,4711,224976,224973,224975,21849,272,987],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/289195"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=289195"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/289195\/revisions"}],"predecessor-version":[{"id":289197,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/289195\/revisions\/289197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/289196"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=289195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=289195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=289195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}