Bloomberg Businessweek Daily: Tesla's Miss Portends Tariff Pain
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Tesla Inc. backed away from an earlier view for 2025 sales growth and pledged to revisit its outlook next quarter, a sign that tariffs, an aging vehicle lineup and the backlash against Chief Executive Officer Elon Musk are having an impact on the electric-vehicle maker. The company on Tuesday reported adjusted earnings of 27 cents per share for the first quarter, below the average analyst estimate. Tesla omitted an earlier prediction that sales would return to growth for the full year, saying instead that it's 'making prudent investments that will set up' the vehicle business for growth. That will depend on factors including production increases and the 'broader macroeconomic environment.' '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,' Tesla said. The dimmer outlook for the year follows a tough 2024, when the carmaker missed its annual sales growth target for the first time in more than a decade. It also fell short of analysts' expectations for first-quarter vehicle sales, which were released earlier this month. President Donald Trump's tariffs are compounding Tesla's challenges, and threaten to upend automotive supply chains globally and drive up costs across the industry. While Tesla is expected to be relatively less affected than many carmakers due to its large plants in California and Texas, its vehicles nevertheless contain some non-US components, and the company has warned of a potential impact. Today's show features: Tony Roth, Chief Investment Officer of Wilmington Trust Investment Advisors Julie Johnson, Bloomberg News, Senior Aerospace Reporter Ross Gerber, President and CEO Gerber Kawasaki Wealth and Investment Management
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