LIVE: TESLA Q1 EARNINGS REPORT COVERAGE AND ANALYSIS Q1-25

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Tesla's Q1 2025 earnings call coverage highlights a softer financial quarter, primarily impacted by the Model Y production line switchover and a decrease in average selling price. Despite a revenue miss and lower-than-expected earnings per share, the company demonstrated strong cost control, leading to a slightly better-than-anticipated gross margin. Key takeaways include the removal of the 2025 vehicle growth guidance, a significant red flag for investors, but also the reaffirmation that new, more affordable models remain on track for production in the first half of 2025. The report also reiterates the June pilot launch for the Robotaxi in Austin. While deliveries for Model S, X, and Cybertruck were disappointing, the focus remains on the profitability of Model 3 and Y as capital for future investments in autonomy and energy. The company acknowledged the potential impact of changing political sentiment and trade policy on demand, a notable first.