BoycottUnitedStates

318 readers

274 users here now

founded 1 month ago

MODERATORS

tfm@europe.pub

Elon Musk is running out of ideas to save Tesla (www.forbes.com)

submitted 4 days ago by tfm@europe.pub to c/BoycottUnitedStates@europe.pub

32 comments fedilink hide all child comments

cross-posted from: https://lemmy.world/post/28715622

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.

you are viewing a single comment's thread
view the rest of the comments

[–] triplenadir@lemmygrad.ml 2 points 4 days ago

Would have been an amazing post, ruined by the gay-bashing 😔 Queer people had fuckall to do with Trump-Musk, don't make us collateral damage.