Plunging profits, tariff woes, AV updates, and other key takeaways from Tesla’s Q1 earnings
Tesla’s net income dropped 71% YoY in Q1.
Tesla’s net income dropped 71% YoY in Q1.
Industry experts stress the need for more partnerships between automakers facing significant cost increases from tariffs.
“Taking a sledgehammer to a growing sector of the nation’s auto industry is a terrible idea,” Jason Walsh, executive director of the BlueGreen Alliance, said.
“The disruptions and heightened uncertainty caused by such tariffs could result in the first quarter actually turning out to be the high point for the year,” one economist said.
Automakers navigating the costly shift to EVs “can’t really leave any stone unturned” in their efforts to be more efficient, a researcher tells Tech Brew.
“We set out to apply what I think has made Rivian really successful to date, which is a vertically integrated, technology platform-centric approach,” Chris Yu, Also’s co-founder and president, tells Tech Brew.
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