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28 Dec 2025 13:55
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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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     Top Stories

    RUGBY RUGBY
    Reigning world champion Luke Littler has fired a warning to his rivals after a dominant display in the third round of the world darts championship in London More...

    BUSINESS BUSINESS
    A dip in sales and wild weather hasn't dampened retailers' spirits - with hopes things will turn a corner in 2026 More...


     Today's News

    		 Entertainment:
    Liam Gallagher was among the pallbearers at Gary 'Mani' Mounfield's funeral in Manchester on Monday 13:50

     Motoring:
    Gisborne-bound motorists are being urged to drive safe, and plan ahead, as traffic's expected to worsen, over the holiday break 13:47

     Rugby:
    Reigning world champion Luke Littler has fired a warning to his rivals after a dominant display in the third round of the world darts championship in London 13:37

     Soccer:
    Aston Villa manager Unai Emery's urging his team to be humble as their Premier League winning streak gathers steam 13:27

     Entertainment:
    James Ransone's widow Jamie McPhee has thanked him for giving her the "greatest gifts" by fathering their two children 13:20

     Law and Order:
    Three people have suffered serious injuries following a mass brawl in Auckland Central's CBD this morning 13:17

     Cricket:
    New Zealand pace bowler Kyle Jamieson accepts the Black Caps' decision NOT to parachute him into the squad for the recent test series win over the West Indies 13:07

     Entertainment:
    Michael Douglas spent "a lot" of time talking to Rob Reiner about his son Nick Reiner's drug problems 12:50

     Environment:
    Wet weather's predicted to storm through the North Island heading in to New Years, hitting the eastern facing coasts hardest 12:47

     Entertainment:
    Kate Winslet believes life is "better" with a "good meal and a good poo" 12:20

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