Telsa, the American electric car manufacturer that the tycoon runs Elon Musk recorded an attributable net profit of 1,129 million dollars in the first quarter of the year, which represents a reduction of 55% compared to the 2,513 million dollars recorded in the same period of 2023, as confirmed by the accounts presented by the company.

The company’s operating margin closed the first quarter of the year at 5.5%, which is 5.9 percentage points less than in the same period of the previous year, when it stood at 11.4%. Likewise, Telsa your income has decreased9% less than the 23,329 million dollars that it invoiced between January and March 2023: 21,301 million dollars in the first quarter of the year,

Tesla justifies this decrease in volumes to the update of its Model 3 production ramp at the Fremont (California) factory and to “factory closures resulting from shipment diversions caused by the Red Sea conflict and an attack on the Gigafactory Berlin”, as the statement explains. A model that It will cost in Spain about 55,000 euros and that will be available from the second half of years. It has a power of more than 460 HP and a range of 528 km.

New and more “affordable” models by 2025

However, and this same Tuesday, April 24, Telsa has announced “new models” for early 2025 using its current platforms and production lines, while backing away from more ambitious plans to produce an entirely new model that was expected to cost $25,000.

Rumors of new deals on a quicker timeline sent Tesla shares soaring in after-hours trading, a much-needed boost after months of decline during which Tesla has struggled with fierce competition and falling prices. sales.

The gains came despite Tesla posting first-quarter results that fell short of Wall Street expectations. CEO Elon Musk declined to provide details about the new vehicles, but said they would include more affordable models which would go into production in early 2025. That’s just ahead of the target Musk had previously set to launch the new low-cost model widely known as ‘Model 2.’