Tesla investors await details on affordable electric car, plans to boost sales
From Yahoo Finance: 2025-04-22 06:11:00
Tesla investors await updates on plans for a cheaper car and robotaxi service, questioning CEO Elon Musk’s commitment. Analysts predict a tough first quarter due to declining deliveries and damage from Musk’s political ties. The company faces protests, falling sales, and stock price decline.
Tesla’s key automotive gross margin likely dropped to 11.8%, with analysts expecting a continued decline if volume growth remains the priority. Concerns arise over Musk’s role in the Trump administration and delays in producing a more affordable Model Y crossover. Safety and regulatory hurdles challenge plans for driverless ride-hailing services.
Analysts anticipate a second consecutive annual decline in Tesla deliveries in 2025 despite sales incentives. Revenue is expected to remain flat at $21.35 billion, supported by regulatory credits. Tesla recalls Cybertrucks and introduces a lower-priced version amidst tariff tensions with China, impacting component imports and sales.
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