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26 Dec 2025 20:03
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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

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     25 Dec: US and Ukraine reach consensus on key issues to end war with Russia but territorial disputes remain
     24 Dec: Disappointment for retailers this Christmas Eve - as shoppers appear to be feeling the pinch
     Top Stories

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    Blues recruit Pita Ahki feels he's wiser and more experienced for his time in the Northern Hemisphere More...

    BUSINESS BUSINESS
    Some good news on the horizon for cattle and sheep farmers More...


     Today's News

    		 Entertainment:
    Kate Winslet thinks Brits often struggle "talking about grief" 19:50

     Entertainment:
    Paul Rudd lied about playing Hamlet "in a production directed by Sir Ben Kingsley" at the beginning of his career 19:20

     Living & Travel:
    The Coastguard's expecting a busy summer on the water, and urges people to prioritise key safety steps before heading out 18:56

     Entertainment:
    Erika Jayne's style is an "S+M chic kind of vibe" 18:50

     Boxing:
    The series may be gone but the England cricketers seemingly don't care, as they ripped through the Australian batters before tea in the Boxing Day test 18:37

     Entertainment:
    Anthony Joshua believes his boxing career has suffered because he has been "distracted" by things outside of the sport in recent years 18:20

     Motoring:
    Following in Hayden Paddon's tyre tracks on the World Rally Championship is the end goal for New Zealand-born Japanese rally driver Zeal Jones 18:07

     Entertainment:
    James Van Der Beek's gaunt appearance during the Dawson's Creek reunion was due to a stomach virus - and not related to his cancer battle 17:50

     Rugby:
    Blues recruit Pita Ahki feels he's wiser and more experienced for his time in the Northern Hemisphere 17:27

     Rugby:
    An unexpected farewell from his French legion of fans was a special moment to Pita Ahki  17:27

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