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9 Mar 2026 7:14
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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.

    © 2026 Newstalk ZB, NZCity

     Other Business News
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     07 Mar: Fonterra dairy farmers now appear to be weeks away from a major pay day
     06 Mar: The sale of Fonterra's consumer arm is officially going ahead
     06 Mar: The boss of Waitomo Gas expects a hike to fuel prices over the next week as conflict in the Middle East continues
     06 Mar: Social Development Minister Louise Upston's being slammed for legislating over a High Court ruling that saw MSD unable to claim back payments from some beneficiaries
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     Today's News

    		 Entertainment:
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     Accident and Emergency:
    A woman missing for several hours in Wairarapa's Tararua Forest Park has been found safe and well 6:47

     Entertainment:
    Bethenny Frankel doesn't think a return to Real Housewives would be "good for business" 6:35

     Entertainment:
    Steve Carell thinks a parent's "heart is always breaking" for their children 6:05

     Motoring:
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     International:
    War in the Middle East: Israel strikes oil infrastructure in Tehran, Iran reaches consensus on new leader — as it happened 5:07

     Environment:
    Environment Canterbury staff are working to contain and recover about 300 litres of oil spilled from a Navy vessel in Akaroa Harbour 4:47

     Law and Order:
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     Entertainment:
    Teddi Mellencamp has revealed she was rushed to hospital 21:35

     Entertainment:
    Nicola Coughlan has criticised the focus on her body and the reaction to her nude scenes in Bridgerton, saying it was frustrating to see months of work reduced to comments about her appearance 21:05

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