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Tesla fails to meet profit targets [1]

['Rob Beschizza']

Date: 2025-01-30

Tesla failed to meet its estimates, with weak sales and its ostensible CEO off helping run the country.

Tesla's revenue increased just 2% from $25.17 billion a year earlier. Automotive revenue fell 8% to $19.8 billion from $21.56 billion in the same quarter last year, and of that, $692 million came from regulatory credits.Operating income declined 23% year over year to $1.6 billion.The company cited reduced average selling prices across its Model 3, Model Y, Model S and Model X lines as a major reason for the decline.

Embedded below, another good example of the "exonerative hence" courtesy of Yahoo Finance, which reports the company's poor results as a contextal detail to "pledges return to growth." Miniprod Forecasts lncrease Chocolate Ration!

Previously:

• The Tesla 'Cyberbeast' is exceptionally ugly

• Tesla layoffs hit its diversity and inclusivity programs

• Tesla may be tanking the EV industry

• Tesla owner saddened by depreciation

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