Tesla's revenue declined 3.3% quarter over quarter. Excluding regulatory credits its revenue declined 4.6% QoQ.
So, excluding record ZEV credit sales of 518m & 101m in Bitcoin sales, Tesla generated a Q1 operating loss of -25m.
There's also trouble in China (worlds largest EV market) for TSLA that hasn't been priced in. The CCP is actively promoting a boycott of TSLA on Chinese social media.