The profit per share amounted to 27 cents, compared to the analysts' average forecast of 39 cents.
The revenue for the quarter landed at 19.34 billion dollars, equivalent to approximately 184 billion kronor, which can be compared to the average forecast of 21.11 billion dollars.
Thus, the revenue has decreased by 9 percent compared to the same period last year, writes CNBC.
The revenue from car sales has dropped from 17.4 billion last year to 14 billion dollars this year, a decrease of 20 percent.
Jojo in after-hours trading
The company's share price rose in after-hours trading on the New York Stock Exchange after the report and was up 0.7 percent after half an hour.
Tesla reports that Trump's trade war has an unfavorable impact on Tesla's supply chains and that the trade war "may have a significant impact on demand". However, the company reports that plans remain in place for the production of more affordable models during the first half of 2025, reports Bloomberg.
Tesla's market shares on electric car markets around the world have plummeted since the beginning of the year. Among the explanations mentioned are increased Chinese competition and CEO Elon Musk's highly controversial political role in President Donald Trump's new administration.
At the same time, Tesla has flagged that design changes in the manufacturer's Y-model, which was originally launched in 2020, will contribute to reduced production.
Poorer sales
In early April, Tesla reported a significantly deteriorated sales performance during the first quarter of the year. The number of delivered cars fell by 13 percent, compared to the same period last year. A total of 336,681 cars were delivered, while analysts had expected over 390,000.
Production also fell sharply, down 16 percent to 362,615 electric cars. This can be compared to an average forecast of over 412,000 electric cars.
The Tesla share has taken a lot of beating this year, since the turn of the year the price has plummeted by around 40 percent. The share ended up 4.6 percent on Wall Street before the report was released.
