Sunita Somvanshi
Tesla’s stock price went up 4.7% Friday, reaching its best trading day since February 2025. Buyers pushed the price up 4% this week, adding to a three-week buying spree that brought a 15% gain.
Trade Deal Sparks Buying
A new US-China trade agreement cut import costs. The US dropped its fees on Chinese goods from 145% to 30%. China answered by cutting its charges on American products from 125% to 10%. Both countries agreed to keep these lower rates for 90 days.
“Neither side wants an embargo,” Treasury Secretary Scott Bessent said in Geneva. “We want more balanced trade.”
European Sales Drop
Tesla’s car sales fell sharply in Europe:
- British buyers bought 512 cars in April – 62% fewer than last year
- German sales: 885 cars – down 46%
- French market: Sales dropped 59%
- Danish purchases: Fell 67%
- Swedish numbers: Dropped 81%
US Price Cuts and New Models
Tesla brought out a cheaper Model Y SUV that drives from the rear wheels, selling for $46,630 before tax breaks. They also offered better loan terms to attract buyers. Meanwhile, car lots show Model Y Launch Edition cars at $59,900 piling up at showrooms.
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Money Numbers
Q1 2025 showed tough times:
- Profits fell 71%
- Total money from sales dropped 9%
- But the power storage business grew 35%, making good money with 25% profit margins
Board Backs CEO
Board leader Robyn Denholm spoke up about rumors: “Claims that we’re looking for a new CEO are false. Elon Musk runs Tesla. Our Board fully supports his work on growing the company.”
Inside Buying
Board member Joe Gebbia bought Tesla stock – 4,000 shares at $256.308 each, spending $1.02 million. No insider had bought shares for five years before this purchase.
New Projects Coming
Tesla plans to start robot taxis in Austin in June 2025. They have 300 test operators driving robotaxis around Austin city streets.
Product chief Lars Moravy talked about new cars coming: “We’ll release new models this year. It might take longer than we first thought to make lots of them. We have to work with our current factory setup, which limits some design choices.”
Market Changes
In California, Tesla’s share of electric car sales dropped to 43.9% from 55.5%. Other electric car makers together sold 35% more cars.
Tesla makes cars in three main places:
- US factories build Model Y cars and big trucks
- Shanghai Gigafactory
- Berlin facility
This spread-out manufacturing helps Tesla keep making cars even when some markets slow down or trade rules change.
