Tesla's Q1 Powered By Energy Division, But CFO Flags Tariff-Induced Storm Ahead: 'Impact Will Be 'Outsized' - Tesla (NASDAQ:TSLA)
1. Tesla's energy segment saw $2.7 billion revenue, up 67% YoY. 2. Overall profits plunged 71%, contrasting with energy segment success. 3. Tariffs on China present significant challenges for the energy division. 4. Local manufacturing of LFP cells is in progress, but will take time. 5. Tesla stock rose 4.6% after earnings call, but shows overall unfavorable trend.