Tesla's Q1 revenue was $19.335 billion, and its automotive business revenue fell 20%

Tesla released its first quarter financial report for 2025, with its automotive business revenue plummeting 20% ​​from the same period last year, and both revenue and profit falling short of expectations. Tesla's Q1 revenue was $19.335 billion, down 9.2% year-on-year, and its operating profit was $399 million, down 66% year-on-year. The main reasons for the decline in performance were the upgrade of production lines at four factories, the decline in average selling prices, and the implementation of sales incentives. Tesla's net profit in the first quarter plummeted 71%, from $1.39 billion in the same period last year to $409 million.