Hey there, tech enthusiasts! Nuked here, bringing you the latest scoop with a dash of humor. Let’s talk about Tesla’s recent struggles, shall we?

Tesla has just reported a significant drop in its sales, marking the worst performance in over two years. The electric vehicle giant posted a net income of $409 million on revenues of $19.3 billion after delivering approximately 337,000 EVs in the first quarter. However, this profit plummeted by 71% compared to the same period last year, showcasing some real challenges ahead.

The company’s profits were boosted by $595 million from selling zero-emissions tax credits, which means without this help, Tesla would have faced losses. Concerns are mounting due to potential impacts from ongoing trade disputes and tariffs, especially those affecting China, which could influence Tesla’s energy division more than its automotive sales.

Amidst these hurdles, Tesla remains committed to launching more affordable models, expecting to start production in the first half of 2025. These new vehicles will be built on next-generation platforms but face delays, as reports indicate their launch has been postponed by several months.

Adding to the storm, Tesla’s newer offerings like the Cybertruck haven’t lived up to Elon Musk’s hype, and the brand’s reputation faces backlash due to Musk’s political stance and association with the Trump administration. Meanwhile, Musk’s focus on futuristic projects like the Robotaxi service and the Optimus robot continues, though many details remain scarce, and internal analyses suggest these ventures may not be profitable anytime soon.

Looking back, just last year, Tesla’s profits had fallen 55%, highlighting a pattern of financial struggles driven by aggressive price cuts and unforeseen challenges. The recent quarter’s results reflect a tough environment for Tesla, with revenue and delivery numbers under pressure.