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submitted 3 days ago* (last edited 3 days ago) by MicroWave@lemmy.world to c/news@lemmy.world

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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[-] LordWiggle@lemmy.world 2 points 1 day ago

Sinking companies is the only thing I'm actually good at!

[-] el_bhm@lemm.ee 14 points 2 days ago

He should try the Nazi salut. 3rd resets the counter.

[-] Olhonestjim@lemmy.world 11 points 2 days ago

One thing that might help is to stop carrying around that human shield. Just a matter of time after that.

There is only 1 way to save that business and thats for elon to get rid of it.

Nobody is going to forget whats he's done or the fact that he is a nazi.

[-] slaneesh_is_right@lemmy.org 2 points 1 day ago

Americans famously never forget....

[-] glitch1985@lemmy.world 12 points 2 days ago

I think Tesla as a whole is done unfortunately. People aren't going to forget all this BS the board of directors has allowed him to do.

[-] AA5B@lemmy.world 8 points 2 days ago

That may no longer be enough. It won’t matter if people no longer boycott them but

  • huge money loss in Cybertruck
  • investment in robotaxi won’t pan out for years, if ever
  • in US, batteries are mostly from overseas and heavily tariffed
  • all the US protectionism won’t be enough if they lose China and European markets
  • other companies are finally catching up, while they wasted their efforts
  • semi has potential, but that’s a very conservative market and environmental regulations are getting rolled back so there’s no longer that push

There’s going to be blood at that company. A huge reset, in addition to musk leaving, is what they need

[-] chiliedogg@lemmy.world 3 points 2 days ago

Semi is a POS designed by a bunch of engineers who have never operated a semi.

Hell - with the center-space driver's seat, the driver can't hand over an ID or a clipboard at a gatehouse without exiting the vehicle through the rear of the cab and walking around.

[-] SpruceBringsteen@lemmy.world 7 points 2 days ago

Their official stance has long been Elon is Tesla. Fuck them.

[-] Fedizen@lemmy.world 9 points 2 days ago* (last edited 2 days ago)

Elon musk, resign bitch.

His real decision is going to be suing everyone that doesn't buy a tesla.

[-] Taleya@aussie.zone 30 points 2 days ago

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

I mean the option's right there.

[-] Olhonestjim@lemmy.world 7 points 2 days ago* (last edited 2 days ago)

But you guys, Henry Ford liked Hitler toooooo!

[-] Treetrimmer@sh.itjust.works 2 points 2 days ago

Yeah that's why all car companies and new cars, large vehicles etc should be boycotted.

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[-] flop_leash_973@lemmy.world 26 points 2 days 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.

[-] demunted@lemmy.ml 39 points 3 days ago

He's tried nothing and Is all out ideas.

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

[-] Witchfire@lemmy.world 16 points 3 days ago

He threw Sieg Heils and is now out of ideas

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[-] brianary@startrek.website 11 points 2 days ago

Does negging his customers count as an idea?

[-] Formfiller@lemmy.world 20 points 2 days ago

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

[-] Naevermix@lemmy.world 5 points 2 days ago

Elon's entire career is about creating hype with the help of his loyal sycophants and then profiting off it.

[-] orcrist@lemm.ee 12 points 2 days 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.

[-] reddig33@lemmy.world 132 points 3 days ago

Has he considered resigning?

[-] ExtremeDullard@lemmy.sdf.org 56 points 3 days ago* (last edited 3 days ago)

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 43 points 3 days ago

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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[-] vodkasolution@feddit.it 13 points 2 days ago

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

[-] Olhonestjim@lemmy.world 2 points 2 days ago* (last edited 2 days ago)

Or corner the Russian market with on that runs on Mazut.

[-] wirebeads@lemmy.ca 32 points 3 days 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

[-] AngrySquirrel@lemm.ee 12 points 2 days ago

Has he considered suicide?

[-] Fedizen@lemmy.world 6 points 2 days ago

It did wonders for hitler's image.

[-] RestrictedAccount@lemmy.world 38 points 3 days ago

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.

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[-] 800XL@lemmy.world 16 points 2 days ago

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

[-] ExtremeDullard@lemmy.sdf.org 85 points 3 days 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.

[-] DBT@lemmy.world 75 points 3 days ago

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.

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[-] peaceful_world_view@lemmy.world 33 points 3 days ago

Has he tried stop being a cunt?

[-] IphtashuFitz@lemmy.world 24 points 3 days ago

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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[-] boughtmysoul@lemmy.world 21 points 3 days ago

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 17 points 3 days ago* (last edited 3 days 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.

[-] inclementimmigrant@lemmy.world 22 points 3 days ago

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

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[-] Burninator05@lemmy.world 11 points 2 days ago

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

[-] spooky2092 9 points 2 days ago

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 7 points 2 days 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.

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[-] pyre@lemmy.world 27 points 3 days ago

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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[-] cecilkorik@lemmy.ca 52 points 3 days ago

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

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[-] TheDemonBuer@lemmy.world 21 points 3 days ago

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.

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[-] MyOpinion@lemm.ee 49 points 3 days ago

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

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[-] Bytemeister@lemmy.world 36 points 3 days ago

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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[-] barneypiccolo@lemm.ee 16 points 3 days 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.

[-] altphoto@lemmy.today 2 points 2 days ago

From the people who brought to you the Tesla X!

Doxing viewing surfaces! That's right! The new Tesla tells you which cars are expensive enough to drive next to you. The rear view mirrors show you if someone is Mexican or black so you can drive faster or cut them off. Extremely useful features.

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this post was submitted on 26 Apr 2025
491 points (100.0% liked)

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