Tesla left forhing this year.
The benefit of the electric vehicle giant plunged from 71% in the first quarter to $ 409 million while the company faced a burst of reverse, including imminent prices and a brand crisis perpetuated by the leading role of general director Elon Musk in the Trump administration.
The company based in Austin, Texas, declared a profit adjusted by action of 27 cents, well below the expectations of analysts of 41 cents.
Income during the period fell 9% from the previous year to $ 19.3 billion.
Although he remains the dominant car manufacturer of the world, Tesla saw her stock immerse almost 40% this year in the middle of a Decrease in car sales and the increase in competition from other manufacturers of electric vehicles.
Tesla's share price, which increased by 4.6% on Wednesday to end at $ 237.97, has been subject to turbulence for months.
The actions increased after President Trump bought an S model on the lawn of the White House in March, but fell significantly in early April while investors were increasingly concerned about a reaction against the Tesla brand.
The treasurers of eight states wrote an open letter to the board of directors of Tesla last week, expressing the concern of that “Tesla's recent performance reports deeper governance and leadership challenges”.
Treasurers have questioned the role of Musk in the so-called ministry of government efficiency, or DOGE, and have cited the prices of stocks and vehicle delivery numbers.
Wedbush Securities analyst, Dan Ives, previously reduced its price target for Tesla stocks by more than 40% to $ 315, compared to $ 550.
Tesla de Tesla's conduct is to deteriorate the reputation of Musk, said Ives, which led to demonstrations and boycotts against Tesla and vandalism incidents on Tesla vehicles and chargers.
Musque leads DOGE, which made controversial cost reductions under Trump.
“Tesla has become a political symbol in the world and it is not a good thing,” said Ives in an interview. “Musk must go to Tesla and officially take a step back to check the damage.”
Tesla drivers who were once attracted by the environmental advantages of electric vehicles are Grond Gearrasted By the association of their cars with Musk, the Times reported. Several celebrities got rid of their teslas as part of a public position against the company.
Meanwhile, the resale value of decreases of vehicles suggests a drop in demand, said Karl Brauer, analyst of Iseecars.com. In February, Tesla dominated the list of brands that lost the most resale value from year to year.
Although Musk found himself safely in the corner of Trump, the actions of the president on prices pose an important challenge for Tesla, who now faces a 25% tax on car imports.
This month, Tesla suspended imports of crucial automotive parts from China after Trump announced a 145% rate on Chinese products. Tesla had relied on China for components used to build its cybercab, Musk's Robotaxi effort that has not yet taken public roads.
Musk unveiled the cybercab In October and said Tesla's autonomous driving technology would be ready to be used in the near future. It has praised the capacities of the company's full autonomous mode for years, although the functionality cannot be used without a human driver while driving.
The decision to stop imports from China could disrupt the plans to mass produce cybercab, which is essential for the confidence of investors in the company. Tesla will also stop importing Chinese parts for its electric semi-camon.
Tesla said it had produced 362,615 vehicles in the first quarter and delivered 336,681 vehicles. Deliveries dropped 13% compared to last year. The new vehicle of the company, the Cybertruck, experienced a drop in sales.
In a quarterly webdiffusion, Musk sought to appease investors' concerns, saying that he would spend less time in Washington.
He painted a brilliant future for Tesla, citing the potential of autonomous driving and predicting that Optimus, the humanoid robot of Tesla, would reduce the costs of labor and increase productivity.
“Tesla will be by far the most precious company in the world, but there will be a few bumps on the road before it happens,” said Musk on appeal.
