Tech
tech
Rani Molla
4/22/25

Tesla earnings fall far short of lowered expectations

Tesla fell short of analysts’ already diminished expectations for the first quarter, reporting earnings per share of $0.27, compared with Bloomberg’s consensus estimate of $0.47, and revenue of $19.3 billion, compared with an expected $22.1 billion.

Analysts had been significantly cutting back their expectations for the electric vehicle company’s revenue and earnings over the past month, since Tesla released disappointing delivery numbers, selling 50,000 fewer vehicles in the first quarter than analysts had expected or than it had a year earlier.

Still, the company said plans for its robotaxi launch and less expensive vehicles remain on track. The stock was little changed after-hours.

Despite CEO Elon Musk repeatedly referring to the company as an AI and robotics firm, Tesla makes the vast majority of its revenue — 72% in Q1 — from vehicles, so car sales are heavily tied to the company’s financial performance. Tesla has been offering heavy discounts in order to move inventory and lowering its average selling price, so the impact on Tesla’s bottom line wasn’t expected to look pretty.

Tesla last quarter promised a “return to growth in 2025” as far as vehicle sales. In 2024, Tesla delivered a disappointing 1.8 million vehicles. Its latest announcement no longer mentions that return to growth.

The earnings report follows disappointing full-year earnings for 2024, when Tesla’s annual net profit declined by more than 50% year on year.

More Tech

See all Tech
President Trump hosts tech executives and their guests to a dinner at the White House in the Oval Office.

Here are the Trump ties among the tech leaders who had dinner at the White House

Many of the attendees have donated to, vocally supported, or even worked for the president.

Jon Keegan1h
tech
Rani Molla
5h

Tesla’s EV market share declined to 38% in August

In August, Tesla’s share of the US EV market fell to 38%, according to new data from Cox Automotive reported by Reuters. Tesla’s market share fell below 50% for the first time last year, as competitors’ EVs began hitting the market. Now, as Tesla’s own sales slip more drastically than they had last year, it’s giving up even more ground. Tesla’s market share fell from 48.7% in June to 42% in July to 38% in August, according to Reuters. That slide has come even as buyers rushing to take advantage of the federal tax credit that ends this month provide a near-term boon for sales at Tesla and other EV makers.

$115B
Rani Molla
6h

OpenAI now expects to burn around $115 billion through 2029 — a full $80 billion higher than the company had previously estimated, The Information reports.

Just how much is that? It’s roughly equivalent to:

Fortunately for OpenAI, which is raising money at a $500 billion valuation, its revenue is also growing faster than expected. The ChatGPT maker now expects to make $13 billion in revenue this year and $200 billion in 2030.

An annotated photo of who attended the tech dinner at the White House.

An interactive who's-who of the tech execs at Trump's White House dinner

The White House invited a gaggle of top founders and tech executives for an intimate dinner at the White House.

Jon Keegan9/5/25
Rani Molla
Apple of my Eye
9/5/25
Apple’s latest phone is betting on looks, while Google looks inward

Apple gets a hardware upgrade. Google gets a software overhaul.

In this photo illustration, the Apple logo "Awe Dropping...

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC