For the first quarter of fiscal year 2025, Tesla reported a total revenue of $19.335 billion, marking a 9% year-over-year decrease. Net profit for the quarter stood at $409 million, experiencing a significant drop of 71%. Additionally, automotive production and deliveries witnessed declines of 16% and 13%, respectively. Despite these unfavorable figures, Tesla's share price managed to rise by 2.90% during after-hours trading. Looking ahead, the company anticipates launching a more affordable model in the first half of 2025 and commencing mass production of the Cybercab from 2026. Tesla emphasized its commitment to adopting innovative strategies to cut costs and bolster profitability.