Tesla faces protests, plunging sales, and competition in EV market, but expected to report profit.

From Yahoo Finance: 2025-04-22 10:30:00

Tesla is set to release its first-quarter financial results, facing sluggish sales and backlash from CEO Elon Musk’s ties to the Trump administration. Wall Street expects a profit of 41 cents per share and sales of $21.3 billion. Tesla’s stock has dropped over 40% this year.

The company is under fire for Musk’s role in a federal cost-cutting group, leading to protests at Tesla dealerships. Investors are eager for updates on new initiatives, including a cheaper Model Y SUV and a driverless robotaxi service in Austin, Texas. Tesla faces increased competition in the EV market.

Tesla may be less impacted by Trump administration tariffs due to domestic production, but still faces challenges from import taxes on some materials. Retaliation from China has led to a halt in orders for certain models in mainland China, impacting Tesla’s operations in the country.

Read more: Tesla, hammered by protests and plummeting sales, to report 1st quarter performance