Better Again Tesla Reports More Sales And More Profit in the First Quarter

Source: dpa 1 min Reading Time

Since Elon Musk got involved with Donald Trump, sales of cars from Grünheide have fallen, especially in Germany. But things are probably on the up again ...

Tech billionaire Elon Musk can be happy, as Tesla's turnover and profits rose significantly in the first quarter compared to the same period last year. And as far as car manufacturing is concerned, it's just a side show for Musk anyway ...(Image: Tesla)
Tech billionaire Elon Musk can be happy, as Tesla's turnover and profits rose significantly in the first quarter compared to the same period last year. And as far as car manufacturing is concerned, it's just a side show for Musk anyway ...
(Image: Tesla)

According to Elon Musk, Tesla's future lies in robots and autonomous robotaxis. At the moment, however, the company still lives primarily from car sales, which have recently improved significantly. This is because Tesla made more turnover and profit in the last quarter due to improved deliveries. Revenue rose by 16 percent year-on-year (to 22.39 billion dollars), according to the electric car pioneer led by tech billionaire Elon Musk. As a result, profits rose by 17 percent (to 477 million dollars). Worldwide Tesla deliveries climbed by 6.3 percent year-on-year in the first quarter (to 358,023 vehicles). In the same quarter of the previous year, deliveries had fallen by 13 percent. This was also due to Musk's involvement with Donald Trump. The share price reacted with an increase of over three percent in after-hours trading.

Robotaxis And Humanoids Will Count at Tesla in the Future

Following last year's drop in sales, Musk explained that Tesla was only moving towards autonomous robotaxis and humanoid robots anyway. At the same time, Tesla launched slightly cheaper versions of the Model 3 and Model Y vehicles on the market. One of the factors contributing to last year's decline was the retooling of the production lines for an update of the best-selling Model Y. Some potential buyers were also put off by Musk's right-wing political views at the time. In addition, Trump famously ensured that the tax credit of 7,500 dollars for the purchase of an electric car was abolished in the USA at the end of September 2025. However, this resulted in record sales for Tesla due to the lockdown panic in the third quarter, although things went downhill again afterwards.

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