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 1 day 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 1 day 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.

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[–] inclementimmigrant@lemmy.world 24 points 1 day ago (2 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 2 points 21 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 2 points 20 hours ago (1 children)

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

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[–] peaceful_world_view@lemmy.world 34 points 1 day ago (3 children)

Has he tried stop being a cunt?

[–] IphtashuFitz@lemmy.world 24 points 1 day ago (2 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.

[–] piecat@lemmy.world 8 points 1 day ago (1 children)

I would buy a tesla, but only if they fire/disown musk, undo every trace of him, and do a complete 180 politically. Oh and make the cars suck way less.

[–] IphtashuFitz@lemmy.world 9 points 1 day ago (7 children)

Even in a very optimistic timeline it would take years for Tesla cars to suck less. I don’t think Tesla has that kind of time any more, now that there’s growing competition from big automakers like Honda & Toyota as well as Hyundai, Volkswagen, etc. and all the other EV companies like Rivian.

Those established automakers have a long history of innovating & listening to customers. As their expansion into the EV market grows, they’re going to put a lot of pressure on Tesla to innovate as well, and that doesn’t mean bowing to whatever whims the CEO has.

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[–] otter@lemmy.dbzer0.com 8 points 1 day ago

If by "being a cunt", you mean "breathing": we can only hope.

[–] Cocopanda@futurology.today 8 points 1 day ago

Narcissistic personality disorder would never allow such a thing.

[–] barneypiccolo@lemm.ee 16 points 1 day 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.

[–] TheDemonBuer@lemmy.world 21 points 1 day 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 8 points 1 day ago* (last edited 1 day ago) (6 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.

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[–] EstonianGuy@lemm.ee 8 points 1 day 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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[–] sommerset@thelemmy.club 11 points 1 day 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.

[–] pyre@lemmy.world 28 points 1 day 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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[–] reddig33@lemmy.world 136 points 1 day ago (8 children)

Has he considered resigning?

[–] ExtremeDullard@lemmy.sdf.org 61 points 1 day ago* (last edited 1 day ago) (1 children)

That's not enough. As long as Musk owns even one share of Tesla, he makes money each time a Tesla car sells, and a lot of people including I can't stomach that.

I might consider purchasing a Tesla vehicle if I knew Musk doesn't get any of my money. As long as he gets even one cent of my money, I'll buy some other brand.

[–] Zaktor@sopuli.xyz 45 points 1 day ago (2 children)

The whole board and major investors condoned this. Fuck the whole brand. Now and forever. They don't need to be redeemed if they do the right thing, we'll be fine without them. The smart people that actually make things happen will go work for better companies.

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[–] merc@sh.itjust.works 3 points 1 day ago

If he resigns, Tesla becomes just another car company. Car companies get a P/E ratio of 7 (if they're well run). Tesla's P/E ratio is above 160. Elon Musk's "genius" leadership is how Tesla investors have convinced themselves that they're not investing in a typical car company. If he goes, the stock tanks. But, then again, if he stays, the stock tanks because he's clearly not a genius, and even if he was he's an evil genius and people don't want to buy cars associated with his brand.

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[–] DBT@lemmy.world 77 points 1 day ago (2 children)

Tesla doesn’t need him to refocus, the damage is done. He fucked it all up trying to impress everyone at 4 chan with his nazi salutes, deal with it chainsaw performance, firing thousands of people nonchalant, etc.

As long as he’s tied to the brand in any way it’s cooked.

[–] Tramort@programming.dev 19 points 1 day ago (1 children)

But he looked cool wearing the cheese head before he fucked up his attempt to corrupt the Wisconsin judiciary, right?

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[–] ExtremeDullard@lemmy.sdf.org 86 points 1 day ago

There are other, indirect ways to hurt Tesla.

For example, when I call a cab, I tell the dispatcher I don't want to ride in a Tesla taxi. And one dispatcher a few weeks ago told me I wasn't the only one requesting that.

[–] Treetrimmer@sh.itjust.works 12 points 1 day ago

Ketamine does cause brain rot

[–] bwf93@lemmy.world 6 points 1 day ago (1 children)
[–] djsp@feddit.org 4 points 1 day 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 2 points 1 day 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.

[–] cley_faye@lemmy.world 21 points 1 day ago (6 children)

Here's a plan : leave the engineers do their work, stop interfering with innovation, and just shut the fuck up. Not sure it would save tesla, but it would get a fighting chance.

[–] raltoid@lemmy.world 19 points 1 day ago* (last edited 1 day ago)

That's how they became so big in the first place.

I honestly think there's going to be a mockumentary about him eventually. The alleged stories are straight out of a sitcom. With his PA distracting him from engineers doing important work, giving him fake people to fire when he got in one of his moods, keeping his wild antics away from social media, etc.

Then she asked for a raise and he fired her, afterwards he unraveled.

[–] Mateoto@lemmy.world 17 points 1 day ago

Let Tesla fail and Musk too. You don't want to save Tesla as long as the fascist Musk profits from it. Let all his companies fail.

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[–] melsaskca@lemmy.ca 12 points 1 day ago

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

[–] Bytemeister@lemmy.world 37 points 1 day ago (3 children)

Step down from Doge, open the files and lay bare this administration.

Offer to buyback every single Cybertruck.

Appoint a board of directors elected by Tesla employees, with representatives from each department to manage the long term goals and policy of Tesla.

Make a low cost, highly configurable electric car. Essentially an electric 90's Civic.

Or better yet. Pay me 500 million a year and I'll do all of this for you.

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[–] EndlessNightmare@reddthat.com 18 points 1 day ago

All he had to do was shut his fucking mouth. Tesla sells a competitively-price product and has a strong moat with their charging network. He is snatching defeat from the jaws of victory, all because he doesn't know how to STFU.

[–] theotherbelow@lemmynsfw.com 5 points 1 day ago

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

[–] cecilkorik@lemmy.ca 51 points 1 day ago (1 children)

Goodbye, Tesla, and good riddance. Some salutes will never be forgotten.

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[–] MyOpinion@lemm.ee 50 points 1 day ago (7 children)

Become a Nazi lose your company. You have been warned.

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[–] ininewcrow@lemmy.ca 31 points 1 day ago (2 children)
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[–] Zaktor@sopuli.xyz 31 points 1 day ago (1 children)

Elon was never the guy who made Tesla work. He's just a rich guy who bought it and then had to be insulated from running it because his ideas suck.

[–] UnsavoryMollusk@lemmy.world 21 points 1 day ago (1 children)

The insulation had to happen with spacex and paypal too btw... This guy is not really good.

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[–] burgerpocalyse@lemmy.world 5 points 1 day ago (3 children)

one thing to consider is that tesla does not make its money by selling cars, but by selling carbon credits to other companies

[–] EndlessNightmare@reddthat.com 2 points 21 hours ago

I may be misunderstanding, but don't they have to sell cars to have the carbon credits to sell? So tanked sales = fewer credits.

[–] frezik@midwest.social 6 points 1 day ago (1 children)

It's a major part of their profit margin, but even with their decline this quarter, they'd eek out a profit without it.

https://carboncredits.com/teslas-carbon-credit-revenue-soars-to-2-76-billion-amid-profit-drop/

In Q4 2024 alone, Tesla earned $692 million from selling regulatory credits or carbon credits, accounting for nearly 30% of its quarterly net income of $2.33 billion.

At least for now, they're keeping their financial head above water even without carbon credits. Of course, no business would willingly throw away 30% of its net income.

The big thing for them is that those credits are free profit. Other car companies have to buy them to make up for their ICE cars. Tesla doesn't sell a single ICE car, so everything they make comes with a credit. Mind you, as the market transitions away from ICE, those will naturally evaporate from the company's ledger.

[–] OutlierBlue@lemmy.ca 4 points 1 day ago (1 children)

I agree with your comment, but FYI:

they’d eek out a profit

eke

  • to make (a living) or support (existence) laboriously:
  • to eke out an income with odd jobs.
[–] EndlessNightmare@reddthat.com 1 points 21 hours ago

In the case of Tesla, I think "eek" out a profit is acceptable. Because it's scary what it is paying for.

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[–] comador@lemmy.world 25 points 1 day ago (2 children)

I did nazi that one coming...

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