Tesla (TSLA) will release its Q1 2025 financial results today, Tuesday, April. 22, after the markets close. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results.
Here, we’ll look at what the street and retail investors expect for the quarterly results.
Tesla Q1 2025 deliveries and energy deployment
CEO Elon Musk and his loyal shareholders often claim that Tesla is now an AI/Robotics company, but the truth is that the company’s automotive business still drives the vast majority of its financial performance.
Tesla’s revenue remains tied mainly to the number of vehicles it delivers.
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Earlier this month, Tesla disclosed its Q1 2025 vehicle production and deliveries:
Production
Deliveries
Subject to operating lease accounting
Model 3/Y
345,454
323,800
4%
Other Models
17,161
12,881
7%
Total
362,615
336,681
4%
It was significantly below expectations and approximately 50,000 units short of what Tesla delivered in Q1 2024.
Analysts have been adjusting their revenue and earnings expectations accordingly since the disclosure a few weeks ago.
Now, Tesla’s energy storage business is also starting to make a meaningful contribution to its financial performance. The company disclosed having deployed 10.4 GWh of energy storage products during Q1 2025.
Tesla no longer discloses solar deployment information.
Tesla Q1 2025 revenue
For revenue, analysts generally have a pretty good idea of what to expect, thanks to the delivery numbers and now the energy storage deployment data.
However, many were taken by surprise by how low Tesla’s deliveries were this quarter and the automaker offered a lot of discounts, which will affect the average sale price that analysts are now trying to figure out.
The Wall Street consensus for this quarter is $21.345 billion, and Estimize, the financial estimate crowdsourcing website, predicts a slightly lower revenue of $21.254 billion.
Here are the predictions for Tesla’s revenue over the past two years, with Estimize predictions in blue, Wall Street consensus in gray, and actual results are in green:
This would be about a $1 billion lower than the same period last year – meaning that analysts don’t expect Tesla’s increased energy storage deployment to compensate for the lower vehicle deliveries.
Tesla Q1 2025 earnings
Tesla claims to consistently strive for marginal profitability every quarter, as it invests the majority of its funds in growth, but its growth has disappeared from its automotive business over the last year, and its gross margin is going in the same direction.
Analysts are trying to estimate Tesla’s gross margin with the lower deliveries to figure out its actual earnings per share.
For Q1 2025, the Wall Street consensus is a gain of $0.41 per share and Estimize’s crowdsourced prediction is a little lower at $0.40.
Here are the earnings per share over the last two years, where Estimize predictions are in blue, Wall Street consensus is in gray, and actual results are in green:
If the estimates are accurate, Tesla’s earnings per share would be down from $0.45 during the same period last year.
There are several things that Tesla could do here that could surprise investors with a significant earnings beat. Tesla could have recognized revenue from the launch of FSD in China, even though the launch was brief and 95% of the value of the FSD package is unsupervised self-driving, which Tesla has yet to deliver.
Tesla could have also sold more emission credits. As of the end of last quarter, Tesla was still sitting on a good amount, and while it claims to sell them when the price makes the most sense, it is quite an opaque market and Tesla could at any time decide to sell them just to save itself from a bad quarter.
Other expectations for the TSLA shareholder’s letter, analyst call, and special ‘company update’
As we reported yesterday, this is likely going to be a messy earnings report. Musk has been on a propaganda spree lately after Tesla suffered immense brand damage and declining stock price due to his involvement in politics.
Now, he has called for a “live company update” at the same time as the release of Tesla’s financial results, which appears to be a desperate move at damage control amid a tough quarter for the company.
I expect that he will try to paint a rosy picture of Tesla’s self-driving and robot efforts to come save the company amid declining EV sales.
Tesla will also take questions from retail shareholders based on the most popular ones on Say. Here are the top 5 questions and my thoughts on them:
Is Tesla still on track for releasing “more affordable models” this year? Or will you be focusing on simplified versions to enhance affordability, similar to the RWD Cybertruck?
We have had the answer to that question for about a year now, but Tesla shareholders don’t believe it because Elon claimed that Reuters’ original report that Tesla canceled its more affordable EV was “wrong” when it fact it wasn’t. As we recently reported, Musk killed the “$25,000 Tesla” in favor of the Robotaxi and building new stripped-down versions of Model Y and Model 3.
When will FSD unsupervised be available for personal use on personally-owned cars?
Lol – we are just going to get Elon’s “best guess”, which has been wrong every time for the last decade.
How is Tesla positioning itself to flexibly adapt to global economic risks in the form of tariffs, political biases, etc.?
Musk is going to say “you go woke, you go broke” and that his pathetic quest to “kill the woke mind virus” will ultimately be good for Tesla because the world will be rid of this destructive virus. As for the global economic risks, I wouldn’t be surprised if Tesla announces more layoffs soon.
Robotaxi still on track for this year?
It could very well be. We have already reported in detail about how Tesla’s “robotaxi” launch in Austin, planned for June, is actually a “moving of the goal” and it has very little to do with Tesla’s long-stated promise of delivering unsupervised self-driving in a consumer vehicle, as asked in the second question.
Did Tesla experience any meaningful changes in order inflow rate in Q1 relating to all of the rumors of “brand damage”?
If they say no here, don’t believe them. Tesla is down 50,000 units in Q1, and yes, the Model Y changeover has something to do with it, but you can clearly see now, based on new Model Y delivery timelines, that Tesla has no order backlog for the vehicle. It will likely launch incentives to sell the brand-new vehicle that was supposed to save Tesla’s auto business in the coming weeks.
Tune in with Electrek after market close today to get all the latest news from Tesla’s earnings, conference call, and now also an apparent “company update.”
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Segway returns its Xafari e-bike with an 88-mile range and Apple Find My in a new red colorway to its $2,000 low (Save $400)
While we have already seen a few periods of price cuts on Segway’s new Xafari e-bike, you can now score it in an all-new red colorway for the first time at $1,999.99 shipped. This model opened for preorder with a $2,400 price tag and didn’t see its first discount until the top of June when it fell to $2,200. Two weeks ago the brand’s Prime Day sale dropped things further to the $2,000 low, with it not only returning here today but also coming as the official introduction to this new red colorway. While the savings last you can keep $400 in your pocket, with it back at the best rate we have tracked to date.
Segway designed the Xafari e-bike as an all-terrain ride for folks at every skill level carrying the tagline “for everyone, yet far from ordinary.” Now sporting this stunning cherry red colorway, it arrives with a 936Wh battery powering the 750W rear hub motor to hit 20 MPH top speeds for up to 88 miles of pedal-assisted travel (with 12 levels that come supported by a torque sensor). What’s more, this model reaches that kind of range on just six hours of charging. One of the biggest standout features here, though, is the inclusion of the brand’s Intelligent Ride System that brings high-end smart features to your experience, including Airlock wireless proximity security, an alarm system, Apple Find My, GPS, adaptive pedal assistance, and more.
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There’s also been plenty of forays into more comfortable elements with the Segway Xafari Red e-bike, like the ergonomic positioning providing less fatigue on your back as you go along, as well as adjustable compression damping, all-terrain Kenda tires, a lock-out fork, and 80mm front/70mm rear suspensions. That’s not all, as there’s the rear cargo rack to carry packages, bags, and the like, Tektro hydraulic disc brakes, front/rear lighting that obviously activates upon braking too – plus, a sophisticated HQ for controls via the integrated multi-color smart TFT display that has a 20W USB A/C port to charge your phone, among plenty more.
Save and get more with an exclusive $916 discount on a refurbished Anker SOLIX F3800 power station at $1,763
We’ve secured a great exclusive deal from Wellbots on a refurbished Anker SOLIX F3800 Portable Power Station for $1,763.10 shipped, after using the exclusive code 10ANK9TO5 at checkout. This is a renewed unit that already starts off dropping from $2,679 to $1,959, with the exclusive code cutting an additional $196 off the tag to come in much lower than the best pricing we’ve spotted on a brand-new unit ($336 lower). Today’s pricing is only beaten out by the exclusive $1,699 pricing we scored back in May, with the deal here being the second-best we have tracked, giving you $916 off its going rate.
EcoFlow flash sale takes 56% off DELTA 2 Max bundle with 500W alternator charger at $999 low
As part of its ongoing July Monthly Madness Sale that is running through the end of the month, EcoFlow has launched the next of its 24-hour flash sales with two power station units getting up to 56% taken off their tags alongside a bonus 500 EcoCredits offer for $1. Among the two power stations, things start with the DELTA 2 Max Portable Power Station that comes bundled with a 500W alternator charger at $999 shipped. This bundle would normally run you $2,288 at full price, and it’s quite the rare deal as we usually see this station with the 800W charger getting discounts, which is currently sitting at a $1,049 low at Amazon. With the two chargers often varying by a $50 price difference, the 56% markdown during this short-term sale is appropriately priced, with $1,289 in savings cut from the tag to land it at the best price we have tracked.
Jackery’s Explorer 1000 v2 LiFePO4 station gives you protected 1,070Wh backup power at $469
Through its official Amazon storefront, Jackery is offering its Explorer 1000 v2 Portable Power Station at $469 shipped. This station would normally run you $799 were it at full price, which we saw dropping as low as $449 in Lightning sales until Prime Day when it hit the $399 low. If you missed out on those lower rates, you’re still looking at a solid 41% markdown here today, cutting $330 off the tag at the third-best price we have tracked.
Get an adaptable cut with Worx’s 40V 17-inch cordless Intellicut mower that comes with two 4.0Ah batteries at $270
Amazon is now offering the Worx 40V 17-inch Cordless Intellicut Lawn Mower with two 4.0Ah batteries at $269.99 shipped, after clipping the on-page $30 off coupon. This is an older but still reliable mowing solution that won’t weigh as heavily on budgets usually fetches $330 at full price, which we’ve mostly seen dropping down every few months to this same rate. We’ve seen it go a tad lower in the past to $266 and the $260 in April and May, while Prime Day saw it drop to $240 for four days, with today’s deal otherwise being the best price we have tracked, with $60 cut from the tag.
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
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While most headlines focus on EV adoption in the US, Europe, and China, Nepal is quietly outpacing almost every country on Earth when it comes to electrifying its roads.
In the last year alone, 76% of new passenger vehicles and 50% of light commercial vehicles sold in Nepal were electric compared to a 20% global average.
How did we all miss Nepal’s electrification story?
TL;DR: The New York Times has released a fascinating new report that tells the little-known story of Nepal’s electrification. The country’s aggressive EV shift is the result of a perfect storm: abundant hydropower, smart import tax policy, growing infrastructure, and a wave of affordable EVs from China.
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Cars powered by rivers, not oil
Nepal’s power grid is fed by rivers flowing from the Himalayas, making electricity clean and locally sourced. A 2015 fuel crisis with India prompted a national pivot to hydropower, helping to end the rolling blackouts that plagued the country for years. Now, electricity is abundant—and it makes more economic sense to use it for transport than to keep importing petroleum.
There are many countries in somewhat similar situations, but most of them have not embraced electric transport as much as Nepal.
To accelerate the transition, the government slashed import taxes for EVs to as low as 40% (vs. 180% for ICE vehicles). The result? A Hyundai electric SUV now costs less than its gas-powered counterpart.
Charging infrastructure is growing fast too: 62 public stations installed by the government, with hundreds more by businesses and homes. At current electricity rates, charging an EV costs roughly 15x less than refueling a gas car.
China dominates EV surge as dealers pivot
Chinese automakers like BYD are rapidly taking over the market. Originally a solar equipment distributor, Yamuna Shrestha became Nepal’s exclusive BYD dealer and now operates 18 dealerships. She expects to sell 4,000 vehicles in 2025.
“Consumers are getting Tesla-tier vehicles at half the price,” said one local Suzuki dealer, noting that Indian brands can’t keep up on cost or features. Dozens of Chinese brands are now competing in Nepal’s EV market, pushing the transition faster.
The electric transition created a lot of opportunities in the country’s relatively small automotive.
EVs work for everyday drivers in Nepal
EVs are already paying off for everyday Nepalese. Jit Bahadur Shahi, a retired police officer, purchased an electric minibus for approximately $33,000. Just 10 round trips a month between Kathmandu and his hometown cover the loan payments. He expects to own it outright in four years.
Still, challenges remain: charging infrastructure isn’t everywhere, but the government is investing in expansions to make sure the infrastructure grows with the rapidly growing EV fleet.
Political instability could slow things down.
While a success story, especially for a developing country, Nepal could find it difficult to reach near 100% EV sales in Norway amid some political instability.
Despite the momentum, policy backsliding could derail progress. Nepal has had three prime ministers in five years. This year, tariffs are creeping back up. Meanwhile, there’s no national plan yet for battery recycling or vehicle safety standards.
“If incentives disappear, the market could shift back to gas,” warned Rajan Babu Shrestha, Nepal’s Tata Motors distributor.
Public transit is the next step
While private EV adoption is booming, most of Nepal’s population relies on buses and motorbikes, which remain mostly fossil-fueled.
State-backed bus operator Sajha Yatayat runs 41 electric buses and plans to expand. China recently offered to donate 100 more, helping to build a clean transit backbone. However, experts say that at least 800 electric buses are needed to truly shift mobility in the Kathmandu Valley.
Scooters and two-wheelers also need to go electric, but adoption there lags behind neighboring India.
“We are trying to reduce fossil fuel vehicles in my town,” said Lalitpur mayor Chiri Babu Maharjan in the NYT story. “This is very difficult, but we must do something.”
Electrek’s Take
Nepal’s EV story is unique, but there are also many similarities with other markets, making it potentially replicable. By tapping into its clean energy, embracing Chinese EV supply, and creating the right incentives, the country has leapfrogged most markets in EV adoption.
Again, I understand that it is a fairly small market, but it’s still impressive that a few Chinese automakers can change the entire auto market of a country in less than 5 years.
From no EVs to almost only EVs in about 5 years.
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There’s one vehicle in the US that you can currently buy for under $20,000, and it’s about to go extinct. In China, another EV just landed for under $5,000.
Meet the Bestune Pony EV, a $5,000 EV for China
Chinese electric vehicles are “far superior” to those in the US, according to Ford’s CEO Jim Farley. Lucid’s interim CEO, Marc Winterhoff, warned just last week that China is “on a different planet” when it comes to EV tech, software, and innovation.
With another EV launching for under $5,000, China is proving again how far the industry has come over the past few years.
Bestune launched the new Pony EV, priced from just 34,900 yuan, or just about $4,900. The company was known as Besturn, but FAW rebranded the series as an affordable, mainstream brand in 2018.
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The new Pony, not to be confused with Honda’s iconic Pony, is an updated version of the mini electric car, which launched in China last May. Since launching, FAW has sold over 100,000 models.
The 2026 Bestune Pony keeps its boxy, kei car-like design. Added LED lights and funky two-tone color schemes give it a playful, fun look.
At just 3,000 mm long and 1,500 mm wide, the new Pony EV is even smaller than BYD’s smallest (and best-selling) electric car, the Seagull, at 3,780 mm long and 1,715 mm wide.
2026 Pony EV interior (Source: FAW)
Inside, the electric car features a relatively minimalist setup with a digital cluster, basic air conditioning, and radio/Bluetooth, as well as parking sensors. Higher trims offer upgrades like a 10.1″ smart infotainment and Deepseek intelligent assist.
Powered by a 42 hp rear motor and 18.11 kWh LFP battery, the Pony EV provides a CLTC range of up to 222 km.
FAW launches the 2026 Bestune Pony EV (Source: FAW)
It’s available in five trims with prices ranging from 34,900 yuan ($4,900) to 45,900 yuan ($6,300). All five feature a driving range of up to 222 km CLTC.
Would you buy the Pony EV for under $5,000 in the US? It doesn’t only come in pink. You can get it in blue, green, yellow, and more. Let us know what you think of it in the comments.
Meanwhile, in the US, the last new vehicle on the market for under $20,000 is the Mitsubishi Mirage. In June, its average transaction price was about $18,500.