Tesla Says Tariffs, Political Sentiment Could Hurt Near-Term

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Dow Jones NewsApr 22, 8:18 PM UTC
DJ Tesla Says Tariffs, Political Sentiment Could Hurt Near-Term Results -- Market Talk

1618 ET - Rapidly changing trade policies are hurting automakers' supply chains and cost structures, Tesla says. As a result, uncertainty in the auto and energy markets continues to increase. "This dynamic, along with changing political sentiment, could have a meaningful impact on demand for our products in the near-term," the electric-vehicle maker says. In the first quarter, the company's profit falls 71% year over year to $409 million, or 12 cents a share. Sales sink 9% to $19.34 billion. ([e-mail])

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April 22, 2025 16:18 ET (20:18 GMT)

 
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