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
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.
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.
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
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.
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.
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.
“Trump was right about everything”
Nice hat fElon, you fucking moron
Yeah 20%
WINK
Let it burn! You get what you deserve.
Isn’t most of Tesla made in countries other than the US?
Tariffs are going to hit bad
I’m sure Tesla will make the governments tariff exempt list
Tealas are the most American made car multiple years running.
On the earnings call they said something like 85% of the parts also come from North America which is far greater than other OEMs.
All vehicles sold in North America are assembled in Fremont CA or Austin TX. But they still pay tariffs on components they import.
That market is tanking hard, too
Nobody wants an S that’s been basically unchanged for a decade?
The stock is pretty flat despite the bump over the winter. It’s approximately the same as it was last fall. Can’t believe it went up relative to Muskrat’s involvement in politics.
Well, it’s not a real stock.
