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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[–] Taleya@aussie.zone 10 points 7 hours ago

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

I mean the option's right there.

[–] vodkasolution@feddit.it 5 points 6 hours ago

What about creating a new model, the Tesla Texas? Same old shit, but running on gasoline

[–] flop_leash_973@lemmy.world 9 points 7 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.

[–] orcrist@lemm.ee 1 points 4 hours ago

The tag is a lie -- he says he's dialing down on DOGE but we all know it is untrue -- but fortunately the authors clearly call bullshit on that claim in the middle of the article.

[–] Formfiller@lemmy.world 11 points 7 hours ago

The being a Nazi strategy didn’t pan out I guess

[–] AngrySquirrel@lemm.ee 3 points 5 hours ago

Has he considered suicide?

[–] spooky2092@lemmy.blahaj.zone 4 points 7 hours ago (1 children)

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 1 points 4 minutes 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.

[–] 800XL@lemmy.world 10 points 9 hours ago

That's fine. Tesla was always a meme stock with no substance anyway.

[–] GoodOleAmerika@lemmy.world 6 points 8 hours ago

Bail out and never come back. Only way else Tesla is done.

[–] Burninator05@lemmy.world 4 points 8 hours ago

Has he tried selling it to his AI business tohide the losses like he did Twitter?

[–] demunted@lemmy.ml 33 points 14 hours ago (2 children)

He's tried nothing and Is all out ideas.

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

[–] brianary@startrek.website 8 points 11 hours ago

Does negging his customers count as an idea?

[–] Witchfire@lemmy.world 12 points 14 hours ago (1 children)

He threw Sieg Heils and is now out of ideas

[–] D_C@lemm.ee 4 points 10 hours ago

Ok, hear me out, maybe what he needs is lots more sieg heils? It worked for that mustache dude 70ish years ago, hitler.
If hitler had given up after just 2 sieg heils then not many people would know his name. Come on, Muskrat, show some belief in yourself!!

[–] boughtmysoul@lemmy.world 18 points 15 hours ago (1 children)

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 13 points 14 hours ago* (last edited 14 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.

[–] wirebeads@lemmy.ca 28 points 17 hours ago

Who cares. Tesla is run by a Nazi. It doesn’t deserve to survive. Musk doesn’t give a shit about the environment or saving it. He only cares about his bank balance.

🖕Musk 🖕Tesla 🖕Nazis

[–] inclementimmigrant@lemmy.world 22 points 17 hours ago (1 children)

You can't un-ring being a Nazi and I won't be buying another Tesla with or without a Nazi at the helm because we all know even if he 'steps down' his fortune will still be tied to his stock ownership.

Nazi Around, Find Out

[–] EndlessNightmare@reddthat.com 1 points 5 hours ago (1 children)

Yeah, sucks that the good charging network is theirs, so they'll continue to collect even if people buy other EVs.

[–] bo5on@lemmy.dbzer0.com 1 points 4 hours ago (1 children)

He killed the charging network team so it won't be long until it's overtaken.

[–] EndlessNightmare@reddthat.com 1 points 3 hours ago

Imagine forfeiting such a strong moat.

[–] barneypiccolo@lemm.ee 15 points 17 hours ago

We hadn't heard much from him over the past few weeks, and now we get this earnings call, and it is far worse than expected. He's known this was coming, and has been laying low, probably hoping things will improve some before making what he knows would be a disastrous earnings call. Its the equivalent of watching your diet 3 days before a doctor's appointment, hoping your weight gain and cholesterol increase won't be as bad as you know it is.

Also, it's a safe bet that his board of directors is livid, and that he has been ordered by his board to get back to work, or be removed as CEO of Tesla.

There is almost certainly a shareholder class-action suit brewing over his reckless and irresponsible behavior over the last several months, which has directly caused severe, and probably irreparable damage to the company's brand image AND it's sales around the world, as well as tanking the stock price, an unforgiveable sin in the investing world. Now that the bubble has popped, it will never inflate again. As future earnings reports are released, and sales continue to slide, the stock will continue to decline, and the cycle will continue until bankruptcy. And it is all traceable to Skum's self-indulgent, egotistical behavior.

The only question is will Skum be the only defendant, or will the lawsuit also name the individual members of the board, for not reigning him in, or firing him. They don't want to be sued alongside him, so they are forcing him to get back to work saving Tesla, thus letting them off the hook for legal liability.

Its doubtful Skum will be able to save Tesla at this point, its almost certainly too late. It is also probably too late to avoid a shareholder lawsuit. Investors have lost millions of dollars, not due to the vagaries of the market, but due to Skum's outrageous behavior, like throwing up celebratory Nazi salutes on national TV, which, as CEO, he should have realized would damage his company and its investors significantly.

And arguing that he didn't recognize the danger in advance is no excuse at all for a CEO, who should have been able to predict the response to his self-indulgent ego bender.

Shareholders have lost many millions, and they won't just let that go with an "Oh well." He's likely going to get sued, and the board is just making sure they don't go down with him.

I give Tesla two years before they file for bankruptcy, and I'm only giving it that long because HitlerPig will give him a bail out that will buy him a little time.

[–] RestrictedAccount@lemmy.world 35 points 20 hours 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.

[–] EndlessNightmare@reddthat.com 1 points 5 hours 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.

[–] Corkyskog@sh.itjust.works 9 points 18 hours 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 1 points 5 hours ago* (last edited 5 hours ago)

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

[–] sommerset@thelemmy.club 10 points 16 hours ago

Elon Musk vowed to refocus on Tesla

issue is - he should have done that 2-3 years ago. now its too late
Due to sheer china cars velocity - he cant catch up.

[–] theotherbelow@lemmynsfw.com 5 points 14 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.

[–] TheDemonBuer@lemmy.world 19 points 19 hours ago (2 children)

Tesla cannot be saved until and unless Musk sells his share of the company and completely divorces himself from it. Even that may not be enough, as the brand is so closely associated with Musk that his stain may not wash off, but it's their only chance.

[–] buddascrayon@lemmy.world 7 points 16 hours ago* (last edited 16 hours ago) (1 children)

90% of what is keeping Tesla's value is the tech bro community's absolute belief in Elmo. If he sold all of his shares the value of the stock would plummet to almost zero. Hell if he even just sold a moderately large portion of his shares the stock price would plummet dramatically. That's why he's always so reluctant to sell his stock and basically uses it to leverage loans.

[–] Tja@programming.dev 1 points 1 minute ago

That's not why. The why is to avoid a taxable event.

[–] EstonianGuy@lemm.ee 8 points 18 hours ago (1 children)

It will, it just takes a lot of years. Lets not forget that Hugo Boss and Volkswagen were nazi germany companies.

They’re still quite popular even though one made military uniforms and the other vehicles.

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[–] bwf93@lemmy.world 4 points 14 hours ago (1 children)
[–] djsp@feddit.org 3 points 11 hours ago (1 children)

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.

[–] SGforce@lemmy.ca 1 points 9 hours ago

The new model xXx42069xXx will come equipped fully loaded with uh an ai mascot. It can't drive or anything but it can insult your driving and blast the N word when it see's them on the camera feed.

[–] peaceful_world_view@lemmy.world 30 points 21 hours ago (3 children)

Has he tried stop being a cunt?

[–] IphtashuFitz@lemmy.world 21 points 20 hours ago (6 children)

Way too late for that. Too many potential customers will now never buy a Tesla as long as he’s associated with the brand in any way. About the only option he has to try to save the brand is to sever all ties with the company and walk away. But his ego will never allow that.

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[–] pyre@lemmy.world 27 points 21 hours ago (1 children)

things really went to shit when he mimicked hitler. maybe in order to reverse it he needs to mimick hitler again. now what did he do to get out of the mess he created for himself?

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[–] Treetrimmer@sh.itjust.works 10 points 18 hours ago

Ketamine does cause brain rot

[–] melsaskca@lemmy.ca 12 points 19 hours ago

Even if one of his ideas were to apologize for the nazi salute I think the "saving Tesla" ship has sailed.

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