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10 May 2025 8:56
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      Home > News > Business

    Tesla's first-quarter profits have fallen by more than two-thirds amid a backlash against Elon Musk's electric car company that has hurt sales and sent its stock plunging

    Tesla's first-quarter profits have fallen by more than two-thirds amid a backlash against Elon Musk's electric car company that has hurt sales and sent its stock plunging


    Tesla says quarterly profits fell by 70 per cent to to $US409 million, or 12 cents a share, as Q1 revenue fell nine per cent to $US19.3 billion.

    The company's struggles to sell cars to consumers angry over Musk's leadership of a federal government jobs-cutting group that has divided the country and sparked protests.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     09 May: Businessman and convicted sex offender James Wallace has failed in a bid to lift his release conditions
     09 May: The Prime Minister's responding to nationwide protests over the Government's pay equity changes
     09 May: Assurance from the Government, that responding to the Abuse in Care inquiry's been a priority
     09 May: Banks will either dip into their profits, or fund out what's due -- in Reserve Bank loans
     09 May: To the financial accounts of New Zealand Rugby..
     09 May: Wellington Airport's recorded a nearly 26-million-dollar profit for the financial year, despite slumping domestic passenger numbers
     08 May: When is the next vote in the conclave? Here's when we will next see smoke from the Sistine Chapel chimney
     Top Stories

    RUGBY RUGBY
    The Blues are daring to dream they can make the Super Rugby playoffs after a 34-5 bonus point win over the Fijian Drua in Suva More...

    BUSINESS BUSINESS
    Businessman and convicted sex offender James Wallace has failed in a bid to lift his release conditions More...


     Today's News

    		 Entertainment:
    Tish Cyrus didn't mean to unfollow Miley Cyrus on Instagram 8:29

     Rugby:
    The Blues are daring to dream they can make the Super Rugby playoffs after a 34-5 bonus point win over the Fijian Drua in Suva 8:27

     Environment:
    State Highway 29 over the North Island's Kaimai Ranges has reopened 8:27

     International:
    10 explosions have reportedly been heard in disputed region of Kashmir, as tensions between India and Pakistan continue rising 8:17

     Politics:
    Auckland's War Memorial Museum is closed this weekend 8:07

     Entertainment:
    Robert Francis Prevost has been elected as the new Pope 7:59

     Politics:
    Hamilton's Central Library will under-go building work from August - to replace its damaged facade 7:57

     Basketball:
    Australia's clinched both the men's and women's Trans-Tasman Throwdown basketball series, with comprehensive Game 2 wins over the Tall Black and Tall Ferns on the Sunshine Coast 7:47

     Rugby League:
    Latrell Mitchell has inspired South Sydney to a 22-14 win over the Broncos in Sydney, snapping the Rabbitohs' four-match losing streak 7:47

     Soccer:
    Super striker Noah Botic is the talk of the A-League Men after his exceptional hat-trick delivered Western United a 3-2 elimination win over Adelaide United and a semi-final clash with Melbourne City 7:37

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