this post was submitted on 26 Apr 2025
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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.

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[–] RestrictedAccount@lemmy.world 40 points 9 months ago (2 children)

One thing that must be made clear to casual observers is that the Tesla stock price is still batshit crazy high.

The logic to support the price is:

Your are not buying the current company, you are buying the cool stuff Elon is making in the future.

Without that leap of faith, the price has to collapse. There is no way an electric car company will ever support even the current stock price.

There will be a tremendous amount of copium ingested before gravity hits, but the bigger fool theory will have its way.

[–] Corkyskog@sh.itjust.works 11 points 9 months ago (1 children)

I wonder how many people have gone broke trying to short Tesla. It just doesn't make sense, but apparently the market has an infinite ability to be irrational.

[–] EndlessNightmare@reddthat.com 5 points 9 months ago* (last edited 9 months ago)

Textbook example of "The market can stay irrational longer than you can stay solvent."

[–] EndlessNightmare@reddthat.com 3 points 9 months ago

One thing that must be made clear to casual observers is that the Tesla stock price is still batshit crazy high.

Earnings report is really bad ... stock price surges! Make it make sense.