Tesla’s first-quarter financial results fell short of Wall Street’s projections. Expectations for the EV maker’s earnings had already come down substantially as weak sales figures fueled fears that CEO Elon Musk’s duties in the Trump administration were turning away buyers.
The EV maker announced first-quarter earnings of 27 cents a share. Wall Street was looking for 36 cents. Sales were $19.3 billion in the quarter, worse than the $20.1 billion estimate.
Looking ahead, Tesla’s sales growth in 2025 is no longer assured. Tesla said it would revisit guidance when it reports second-quarter figures. Previously, Musk said that 20% to 30% growth was possible in 2025.
