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17 Dec 2025 17:46
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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
     17 Dec: Horticulture NZ's emphasising the importance of backing growers - as exports climb to record levels
     17 Dec: More than a 100-thousand dollars in fines - for Waikato farms convicted of mismanaging effluent
     17 Dec: Households are expected to remain optimistic heading into 2026
     17 Dec: Consumer confidence has hit a high for the year, as we head into a New Year
     17 Dec: FIFA has introduced a new ticketing tier for next year's World Cup, following an uproar over the prices to attend games
     16 Dec: The Finance Minister's ruling out further cuts to new borrowing next year to get the Government books back to black
     16 Dec: Cocaine use continues to soar in New Zealand
     Top Stories

    RUGBY RUGBY
    Blues coach Vern Cotter is intrigued by the idea of cross-hemisphere rugby clubs swapping players More...

    BUSINESS BUSINESS
    Horticulture NZ's emphasising the importance of backing growers - as exports climb to record levels More...


     Today's News

    		 Cricket:
    The West Indies have warmed-up for the third and final cricket test against New Zealand in Mount Maunganui by chilling out 17:37

     Rugby:
    Blues coach Vern Cotter is intrigued by the idea of cross-hemisphere rugby clubs swapping players 17:37

     Law and Order:
    FBI releases footage of Brown University shooting suspect 17:27

     Health & Safety:
    Health officials have confirmed one new measles case in Queenstown - linked to overseas travel 17:27

     Entertainment:
    Ryan Coogler insisted he didn't turn down an invitation to the Academy of Motion Pictures Arts and Sciences "out of animosity" 17:20

     Entertainment:
    Chase Infiniti has joined Louis Vuitton as a brand ambassador 16:50

     Entertainment:
    Taylor Swift is not a "chill person" 16:20

     Law and Order:
    Jevon McSkimming sentencing: why a public inquiry into the police should be next 16:07

     Entertainment:
    Glenn Close was "too clueless" to realise she went on a date with Robert Redford 15:50

     Law and Order:
    The Crown believes Jevon McSkimming must have known he was committing crimes, given his position of power 15:27

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