From Nasdaq: 2025-04-23 10:32:00

Tesla reported disappointing first-quarter results, missing earnings and revenue estimates. Despite this, shares rose over 5% in after-hours trading after CEO Elon Musk reaffirmed plans for robotaxis and affordable vehicles. Tesla is down 39% this year, offering potential entry points for investors looking to capitalize on the company’s future plans.

Adjusted earnings per share came in at 27 cents, falling short of estimates and marking the sixth earnings miss in seven quarters. Revenues dropped 9% to $19.3 billion, missing expectations. The company attributed the poor performance to a brand crisis stemming from Musk’s political controversies.

Tesla delivered 336,681 vehicles in Q1, down 13% year over year, marking its worst quarter in three years. The company also lost its title as the world’s largest EV maker to Chinese company BYD. Production numbers totaled 362,615 vehicles, highlighting challenges in the current market.

Despite recent setbacks, Tesla announced plans for new, more affordable vehicles set to be produced by the first half of 2025. The company also reaffirmed its commitment to launching a robotaxi service in Austin, TX, by June and starting volume production next year. Additionally, production of the electric Semi truck is on track for 2026.

Elon Musk announced plans to reduce his involvement in political matters, focusing more on Tesla’s operations moving forward. This shift is expected to stabilize the company’s direction and address brand challenges. Musk also highlighted Tesla’s resilience against tariffs compared to other car companies.

Investors interested in Tesla’s potential recovery and growth can consider ETFs like Simplify Volt TSLA Revolution ETF, The Nightview Fund, Consumer Discretionary Select Sector SPDR Fund, Vanguard Consumer Discretionary ETF, and Fidelity MSCI Consumer Discretionary Index ETF. These ETFs offer exposure to Tesla’s performance and growth prospects.



Read more at Nasdaq: Should You Buy Tesla ETFs Post Q1 Earnings Miss?