KEY POINTS
- Tesla missed on the top and bottom lines in its first-quarter earnings report.
- Automotive revenue plunged 20% from a year earlier.
- The stock, down 41% so far this year, was little changed in extended trading.
No worries. All our tax money is just going to have Donald golfing, Tesla Cyberstucks, and Space X.
Surprised it’s only 20%. Who the f is buying it.
Tesla profits are down 71% year-over-year, and the only reason they didn’t actually lose money is due to some carbon credit shenanigans.
They’re being kept afloat by the government
Gotta own the libs somehow I guess
Tesla stock was at $144 a year ago and is at $253 today. 5 years ago it was at $47. With income at $0.12 per share it is not like any of those are even close to reality. However they are what needs to fall to kill the Elon.
You’re not even including splits are you?
47 is adjusted for splits
Only 20%? We can go so much lower!
I imagine things move slowly on global scales. Next quarter will probably be really bad.
Minimum another 100% of what’s left.
Yeah for real, wtf? Is the offset due to all of the pro Elon people or rich people buying them?
Isn’t he trying to fast track govt Tesla contracts?
That would keep him afloat even if no one bought the vehicles
would like to see per month, bet Jan was their normal, but Feb and Mar dropped lower and lower
Q2 gonna be spicy.
🤞
Haha I love that we all thought the same thing.
The Nazi salute by Musk didn’t sink this company?
I mean… if Trump can mock a disabled person and publicly brag about sexually assaulting women, then play right out of Hitler’s playbook, be impeached twice, and still be elected again, who knows?
The people that voted for trump don’t buy EVs tho
Cybertruck might be an exception. I’m surprised Musk hasn’t made a version of the Cybertruck that can roll coal.
Probably. The right isn’t going to go electric, not with Trump badmouthing them still. And the left is never touching that brand again.
Even if musk resigns from the doge Nazi bullshit, this fascist has shown his true colours.
Tesla can eat shit and go tits up. Fuck Tesla and fuck the share holders! I look at the current crop of shareholders as greedy Nazis.
Bankrupt musk.
If you look at the TSLA stock, it’s now roughly where it was 4 years ago.
It’s sinking, don’t you worry
I find it hilarious that most media outlets blame the fall on Leon not being present at Tesla, when it’s his very existence that has caused things to plummet. The last thing he should do is return to Tesla. The board should fire his ass and try to rebuild what’s left of the brand.
Leon?
That is way too cool a name for whiny Elmo, just call whiny Elmo by his name; whiny Elmo
The american media is going way out of their way to ignore that nazi salute.
Excuse me… It was a hand motion that appeared to some observers to be consistent with a historical German sign of greeting and/or eugenics.
/s
I did “not see” that.
well if they could do it with Henry Ford…
They’ll never do that because 95% of the company’s value is based on Elon’s hype and bs. If it was valued like the normal car company it is, the share price would be maybe $10
The board is his brother and a bunch of conservatives. He hand picked them.
They ain’t firing anyone.
Well… Then they all go down with the ship.
Iirc basically all the board members and higher ups that get stock sell it off as soon as they get it. None of them have bought more for quite a while. So unfortunately it seems like they’ll float on.
Media outlets are not your friend.
They’re like human resources in that regard…
Well… If he was present at Tesla he wouldn’t be present at Nazi rallies.
present at Nazi rallies.
Isn’t that just a Tesla board meeting?
Is that why he just lied about Tesla having cars that will deliver themselves? More insider trading?
Look how honest his DOGE stats are.
Nah, more musk lies, he does this every single event, has been lying about everything for the past decade. It’s normal
Tesla is never going to recover from the Musk effect. They have to convince Musk to fully divest to slowly convince would-be buyers that they won’t give their money to an ultra-billionnaire neo-Nazi when they buy a Tesla vehicle.
They won’t survive without musk. They’re a hype company.
They have decent infrastructure, but the car brand is as good as dead.
They’ll sell their charging infrastructure to ExxonMobil or something before 2028.
Well that was a foregone conclusion when he fired the charging infrastructure team after snorting some bad ket.
While I hate the guy with a passion, I think you’re underestimating Musk.
He has enough charisma and can-do mentality that, if he shuts up with his most blatant political bullshit and actually focuses on making better cars, Tesla will continue to grow massively.
Like, if he goes to work on designing a few new models that fix the flaws in current Teslas, and adds an actual pickup to the lineup while pivoting the cyber truck to a limited-edition “meme” vehicle, they’ll be pumping out cars like crazy.
Edit: y’all seem to have amnesia and forget that, before his coming out as a nazi scumbag, a few years back there was no shortage of people ready to hail him as the second coming of Jesus…
Ha. Musk doing design work is hilarious.
I am picturing a crayon drawing on the back of a hooters napkin.
Musk was heavily involved in the designs of the roadster and model S. Believe it if you want.
I think you’re underestimating how much he has ruined this company and his reputation. I dreamt of owning a Tesla long ago. Now, there is nothing he can do that will make me reconsider purchasing a Tesla.
Even if he leaves the company, I will not buy one. Even if he fully divests from Tesla, I will not buy one.
I’m in the exact same boat, I considered buying a Tesla in a distant past, but the quality issues held me back. Dodged a bullet there, won’t touch one with a 10 foot pole to save my life now.
But there’s many out there who don’t care or have short memories, and the richest man in the world can sure as hell afford all the PR he needs to wash away all the dirt, if he shuts up and goes back to running companies…
My guess is Tesla will have grown their revenue by this time next year. Or you could be right and it goes up in flames, guess we’ll find out at some point…
Oh no! Anyway…
You and me … same page
Elon had to stop the regulatory investigations into him. He had to keep himself out of jail. We wanted to secure more government contracts to tower projects.
Tesla was a means to an end for Elon, and Elon doesn’t care at all about anyone except himself.
And Elon took care of anyone in the government who could enforce the rules that were supposed to enforce procedures with stock and loans.
Yeah 20%
WINK
…let’s go for a 3521% drop in revenue!..
grumpycat_good.jpg
And yet the stock is up in after hours trading. So fucking dumb
This result has probably been priced in since it hit the current floor in March. The bump after the report is likely because there were no bombshells in it. They’re saying they’re still on track for all the vaporware that the valuation is based on. It will drop again when they’re inevitably delayed and it becomes clear the robots and AI taxis aren’t revolutionary but just exactly what other companies already beat them to.
Only 20%?
“Trump was right about everything”
Nice hat fElon, you fucking moron
