Tesla delivered around 358,000 vehicles globally in the first quarter, falling short of analyst projections. In the US, the company has faced declining demand following the Trump administration ending a key tax credit for electric vehicles in 2025, though Tesla claims that demand for its vehicles is rebounding. The exact percentage decline in Tesla's stock price at the start of 2025 is not specified, but the stock tanked then amid backlash to Elon Musk's erratic time in government.
It has since rebounded to close to where it was before Donald Trump took office, though Tesla's stock has fallen around 11% so far this year. Shareholders voted to award Elon Musk a $1 trillion pay package in November. Looking ahead, Tesla's self-driving cars are on the road in several cities in Texas, including Austin, and the company stated in its report that preparations were underway to roll out robotaxis in three Florida cities, as well as Las Vegas.
There remains significant effort and hard work to realize our mission of Amazing Abundance.
The tangible benefits and revenue from these robotics and robotaxi projects remain unclear. Tesla's Optimus robot has not yet entered wide production and is not available to the public, with no timeline provided for when it might become widely available. Elon Musk has claimed that Tesla's Optimus robot will be the biggest product of all time.
We believe, with Optimus and self-driving, that you can actually create a world with no poverty.