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Confirming expectations, Tesla\u2019s finances have fared poorly at the start of 2025. The pioneering EV maker saw net income fall by 71% to just $409 million during the first quarter. If it weren’t for regulatory credits, the company would report losses, which means that its car-making business is currently in the red.Musk wants to fix things by diluting his role in the Trump government, while he managed to soothe investors by once again propagating the arrival of full self-driving.\u00a0This content has been archived. Log in or Subscribe to a level that has access to archived content.<\/p>\n","category_list_v2":"Industry<\/a>, Market<\/a>, Top Stories Today<\/a>, Weekly Newsletter<\/a>","author_info_v2":{"name":"Piet Andries","url":"https:\/\/newmobility.news\/en\/author\/piet-andriesgmail-com\/"},"comments_num_v2":"0 comments","yoast_head":"\nTesla struggling with plunging profits, Musk promises to refocus on business - newmobility.news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmobility.news\/en\/2025\/04\/23\/tesla-struggling-with-plunging-profits-musk-promises-to-refocus-on-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla struggling with plunging profits, Musk promises to refocus on business - newmobility.news\" \/>\n<meta property=\"og:description\" content=\"Confirming expectations, Tesla\u2019s finances have fared poorly at the start of 2025. 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