Summary

Tesla reported its worst quarterly results in four years, with Q1 income down 71% and EV sales falling 13%.

Elon Musk vowed to refocus on Tesla amid backlash over his political role in the Trump Administration’s DOGE program, but analysts doubt his return will fix worsening issues.

Tesla faces eroding market share, failed products like the Cybertruck, and a coming 145% tariff on imported Chinese battery cells set to hammer the company’s battery pack business, one of the only bright spots last quarter.

Musk’s pivot to robotaxis and humanoid robots lacks credibility, and critics say Tesla has no compelling new EVs to revive growth.

  • bluegreenwookie@bookwormstory.social
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    50 minutes ago

    There is only 1 way to save that business and thats for elon to get rid of it.

    Nobody is going to forget whats he’s done or the fact that he is a nazi.

  • Taleya@aussie.zone
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    9 hours ago

    Again i ask: have you tried not being a nazi bastard?

    I mean the option’s right there.

  • spooky2092@lemmy.blahaj.zone
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    9 hours ago

    I’m curious what’s going to happen if banks start calling Leon’s loans since Tesla stock isn’t going to be enough to cover his loans at some point, probably pretty soon.

    • Tja@programming.dev
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      2 hours ago

      That’s not how loans against stock work. If the share price reach a threshold the shares are automatically sold to cover the loan.

  • flop_leash_973@lemmy.world
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    9 hours ago

    Burning your good will with your primary customer base by throwing your weight behind a political group full of the worst of society that has the public support of the statistically poorest in society wasn’t a great long term plan?

    Shocking, well not that shocking.

    • djsp@feddit.org
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      14 hours ago

      Wouldn’t it be the other way around? I think Musk would rather have TSLA bagholders shareholders prop up his private companies, of which he likely owns a higher percentage than Tesla. The pitch could be that xAI has what Tesla needs for some of the vaporware he keeps promising and that Tesla should therefore acquire xAI.

  • theotherbelow@lemmynsfw.com
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    16 hours ago

    Sorry bud, EVs were championed by reasonable people with stable government jobs. You fired them yourself congratulations you are your own worst enemy.

  • demunted@lemmy.ml
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    17 hours ago

    He’s tried nothing and Is all out ideas.

    Is It Elon that is wrong? No it must be the consumers!

  • boughtmysoul@lemmy.world
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    18 hours ago

    So let me get this straight.

    Elon Musk is the reason Tesla is tanking and his solution is more of him?

    How many Ds of Chess is this? I’ve lost track.

    • vxx@lemmy.world
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      16 hours ago

      Tesla is a person cult.

      If any other company had such earning reports and a disatrous earnings call like tesla did, it would go down at least 30%. Tesla went up 30.

      Sure, it’s possibly the most manipulated stock on the market, and regulators get axed, so we even don’t know how much of the cult is left and how much is coming from billionaires pockets that pump and dump all day to get the money of the hopeful.

      There will be a hard line where the Pool of idiots with money to rob dried out and they crash harder than Theranos.