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17 May 2025 20:16
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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 May: A report shows more Maori land's being dedicated to commercial horticulture use
     17 May: Greater Maori involvement in the horticulture industry's, boosting revenue for the sector
     16 May: Woolworths says it is New Zealand's tax-system which is putting its prices above the rest
     16 May: Global success for dairy, beef and cocoa are continuing to cause New Zealanders' pressure at the checkout
     16 May: Soaring food prices might be hard to swallow
     16 May: Fishing company Sanford says its moves to boost productivity are to thank, for doubling it's half year profit to 34 million dollars
     16 May: A move to streamline requirements for listing on the NZX is being lauded as a win
     Top Stories

    RUGBY RUGBY
    Vern Cotter's happy for his side to be labelled the 'boring Blues' if the results keep rolling in - ahead of tonight's trip to Albany to face Moana Pasifika More...

    BUSINESS BUSINESS
    A report shows more Maori land's being dedicated to commercial horticulture use More...


     Today's News

    		 Law and Order:
    Two significant incidents within a kilometre of each other in West Auckland late this afternoon 19:47

     Rugby League:
    The Warriors lead the Dolphins 10-nil at halftime in their NRL encounter in Brisbane 18:57

     Rugby League:
    Strong travelling support's motivating Auckland FC for the away leg of their A League semi final against Melbourne Victory tonight 18:37

     Rugby:
    Vern Cotter's happy for his side to be labelled the 'boring Blues' if the results keep rolling in - ahead of tonight's trip to Albany to face Moana Pasifika 18:37

     Netball:
    The Northern Mystics have toppled the Central Pulse 59-48 in their ANZ Premiership netball grand final rematch in Auckland 18:27

     Law and Order:
    Police investigating after woman's suspicious death west of Brisbane 18:17

     Rugby League:
    Roger Tuivasa-Sheck has been confirmed to start on the wing for the Warriors in their NRL matchup with the Dolphins in Brisbane 17:27

     Rugby:
    A battle of the back-row's in tonight's Super Rugby clash between Moana Pasifika and the Blues at North Harbour Stadium 17:27

     International:
    What is 8647? Secret Service investigates former FBI director James Comey over seashells photo 16:07

     Rugby League:
    Warriors lock Erin Clark has credited co-captain Mitch Barnett for helping him excel in his return NRL season to Mt Smart 15:27

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