Tesla announced its balance sheet for the first quarter of this year.
Accordingly, the company's revenue decreased by 9 percent in the first quarter of the year compared to the same period last year, falling to 21,3 billion dollars. Tesla earned $2023 billion in revenue in the first quarter of 23,3.
The company's revenue, which decreased due to increasing competition and the slowdown in demand for electric vehicles, was below market expectations in the said period.
The electric car manufacturer's net profit decreased by 55 percent in the first quarter of the year compared to the same period last year, falling to 1,1 billion dollars. Tesla's net profit was 2,5 billion dollars in the same period last year.
Decline in production and delivery
While Tesla produced 2024 thousand 433 cars globally in the first quarter of 371, it delivered 386 thousand 810 vehicles.
During this period, the company's vehicle production decreased by 2 percent on an annual basis, and the number of vehicles delivered decreased by 9 percent.
In the statement made by Tesla, it was stated that global electric vehicle sales continue to remain under pressure as many car manufacturers prioritize hybrids over electric vehicles.
It was stated in the statement that the company invested for its future growth with a capital expenditure of 2,8 billion dollars in the first quarter, including artificial intelligence infrastructure, production capacity, charging network and new product infrastructure, and that it has recently carried out cost reduction studies to increase operational efficiency.
“We are ultimately focused on profitable growth, including leveraging existing factories and production lines to deliver new, more affordable products,” the statement said. evaluation was made. In Tesla's statement, it was emphasized that the future is not only electric but also autonomous.
