Tesla (NASDAQ: TSLA)* said late yesterday that 2025 profits during Q1 plunged from $1.39 billion to $409 million. This was a drastic drop from analyst guess-timates as the Elon Musk’s DOGE chainsaw kicked back on the company and slashed revenue from $21.3 billion to $19.3 billion. Amidst the carnage of lower customer deliveries, lower margins and lower profits, Elon Musk also claimed that he was leaving DOGE behind as his major work there was finished. Musk will only be spending a day or so on the unpopular Trump decree weekly. However, the Tesla brand is unquestionably damaged. See “Most say Musk has too much influence amid concerns over reductions in the federal government.”
“It is difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains, our cost structure and demand for durable goods and related services. While we are making prudent investments that will set up both our vehicle and energy businesses for growth, the rate of growth this year will depend on a variety of factors, including the rate of acceleration of our autonomy efforts, production ramp at our factories and the broader macroeconomic environment. We will revisit our 2025 guidance in our Q2 update,” Tesla said. Continue reading













New Toyota and Lexus Models Debut at Auto Shanghai
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Toyota Motor Corporation (NYSE: TM) announced at Auto Shanghai 2025 in China today that it will be expanding its battery electric vehicle (BEV) lineup in China.
“China is a highly advanced market that leads the way in electrification, with BEVs accounting for a high proportion of new car sales. Toyota announced the new bZ7 BEV, which follows the bZ4X, bZ3, bZ3X, and bZ5, while Lexus announced the new ES BEV, which follows the UX and RZ BEVs, in order to further accelerate a multi-pathway approach while responding to the needs of local customers,” Toyota said. Continue reading →