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18 Oct 2025 8:26
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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
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     17 Oct: New Zealand Breakers coach Petteri Koponen is backing two of his imports to find their feet in tonight's Australian basketball league outing in Auckland
     17 Oct: A first of it's kind commercial seaweed bio-refinery in opening in Waikato's Paeroa today
     17 Oct: Fears interest rate cuts might've gone too far
     17 Oct: A warning the Reserve Bank is walking a fine line
     17 Oct: Fears inflation could come back into the picture as the OCR falls
     Top Stories

    RUGBY RUGBY
    Otago's pursuit of a first NPC rugby title since 1998 remains intact, after dispatching Bay of Plenty 41-17 in their semifinal in Dunedin More...

    BUSINESS BUSINESS
    The rising cost of food is also affecting chocolate with popular Kiwi brand Whittaker's increasing its prices More...


     Today's News

    		 Entertainment:
    Britney Spears has hit out at her ex-husband Kevin Federline's "constant gaslighting" 8:17

     Soccer:
    Brisbane have kicked off the new A-League season with a one-nil win over Macarthur at home 8:16

     International:
    Prince Andrew giving up his royal titles and honours after speaking with King Charles 8:06

     Rugby:
    Otago's pursuit of a first NPC rugby title since 1998 remains intact, after dispatching Bay of Plenty 41-17 in their semifinal in Dunedin 8:06

     Basketball:
    Work to do for the Breakers from the three-point line despite picking up their second NBL basketball win of the season 7:56

     Entertainment:
    The Duffer Brothers "stopped thinking about the future entirely" during filming for the final season of Stranger Things 7:47

     Golf:
    Kiwi golfer Daniel Hillier has navigated his way into the top 10 after the second round of the DP World Tour's India Championship 7:46

     Netball:
    The Silver Ferns have started their Constellation Cup defence in disappointing fashion following a 69-52 game one loss to Australia in Melbourne 7:46

     Politics:
    Kaipara has a new mayor, with official results confirming a very tight race 7:36

     Business:
    The rising cost of food is also affecting chocolate with popular Kiwi brand Whittaker's increasing its prices 7:36

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