BEAMSTART Logo

HomeNews

Tesla's Q1 Powered By Energy Division, But CFO Flags Tariff-Induced Storm Ahead: 'Impact Will Be 'Outsized'

Benzinga LogoBenzinga15h ago

Tesla's Q1 Powered By Energy Division, But CFO Flags Tariff-Induced Storm Ahead: 'Impact Will Be 'Outsized' - Benzinga

Quick Summary:

Tesla Inc.'s (NASDAQ:TSLA) energy division stood out as the lone bright spot in an otherwise challenging first quarter, though the company's CFO, Vaibhav Taneja, warned that the segment may face significant headwinds in the quarters ahead, owing to the tariffs imposed on China.

What Happened: During Tuesday's first-quarter earnings report, Tesla's energy and storage segment posted $2.7 billion in revenue, marking a 67% increase from the same period last year.

Gross profit for the segment rose 82% year-over-year to $690 million, a rare bright spot in a quarter where overall company profits plunged 71%.

More Pictures

Tesla's Q1 Powered By Energy Division, But CFO Flags Tariff-Induced Storm Ahead: 'Impact Will Be 'Outsized' - Benzinga (Picture 1)

or

Article Details

Author / Journalist: Vishaal Sanjay

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 08:06:10 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 569 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28168962

View Article Analysis

About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 24 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Tesla's Q1 Powered By Energy Division, But CFO Flags Tariff-Induced Storm Ahead: 'Impact Will Be 'Outsized'" has 569 words across 29 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Tesla's Q1 Powered By Energy Division, But CFO Flags Tariff-Induced Storm Ahead: 'Impact Will Be 'Outsized'" was covered 15 hours ago by Benzinga, a news publisher based in United States.

How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.

The outlet is headquartered in United States and publishes an average of 24 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28168962
  • URL: https://beamstart.com/news/teslas-q1-powered-by-energy-17454016676857

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.