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Tesla inches up as Q1 gross margin beat outshines revenue miss

ReutersApr 22, 2025 8:56 PM

Tesla TSLA.O shares up 0.5% at $239.20 in extended trading

The electric automaker beat first-quarter total gross margin estimates as sales in its more profitable segments - services and energy storage - registered strong growth

Total Q1 gross margin of 16.3% vs estimates of 15.82% - data compiled by LSEG

Co misses estimates for Q1 revenue as EV sales dropped; reported revenue of $19.34 billion vs analysts' average estimate of $21.11 billion

*TSLA says will revisit 2025 guidance in its second-quarter update, due to "shifting global trade policy" and difficulty in measuring its impact on supply chains, co's cost structure and demand for "durable goods"

Analysts' average rating for TSLA is "hold"; their median PT is $302.50 - LSEG

TSLA down ~41.1% YTD

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