Tesla (TSLA) on Tuesday reported first-quarter outcomes that missed analysts’ expectations.

The electrical automobile maker reported adjusted earnings of $0.27 per share on income of $19.34 billion, down from earnings of $0.45 per share on $21.3 billion in income a 12 months in the past, effectively beneath analysts’ forecasts compiled by Seen Alpha.

Analysts have warned that CEO Elon Musk’s involvement within the Trump administration is probably going hurting Tesla, as gross sales have fallen in a number of key markets for the EV maker to begin the 12 months.

«Uncertainty within the automotive and power markets continues to extend as quickly evolving commerce coverage adversely impacts the worldwide provide chain and value construction of Tesla and our friends,» the corporate mentioned in Tuesday’s launch. «This dynamic, together with altering political sentiment, might have a significant impression on demand for our merchandise within the near-term.»

Tesla mentioned the Trump administration’s present tariff plans may have a «comparatively bigger impression» on its renewable power enterprise in comparison with the automotive facet, and the corporate mentioned it’s «taking actions to stabilize the enterprise within the medium to long-term and concentrate on sustaining its well being.»

Tesla To Revisit Its Full-Yr Outlook Subsequent Quarter

Tesla didn’t supply a recent outlook for the complete 12 months in its first-quarter earnings launch, saying the corporate plans to take action when it studies second-quarter outcomes.

“Whereas we’re making prudent investments that may arrange each our automobile and power companies for progress, the speed of progress this 12 months will rely upon a wide range of elements, together with the speed of acceleration of our autonomy efforts, manufacturing ramp at our factories and the broader macroeconomic surroundings” the corporate wrote. “We’ll revisit our 2025 steerage in our Q2 replace.”

Tesla shares wavered between slight positive factors and losses in prolonged buying and selling after the report was launched, after gaining 4.6% in Tuesday’s session.

UPDATE—April 22, 2025: This text has been up to date because it was first printed to incorporate further data and mirror more moderen share value values.