Yesterday evening, Tesla reported first-quarter earnings for 2025, and they were abysmal: Profits dropped 71% from the same time last year.
Musk sounded bitter on the call with investors that followed, blaming the company’s misfortune on protesters who have raged at Tesla dealerships around the world over his role running DOGE and his ardent support of far-right politicians.
“The protests that you’ll see out there, they’re very organized. They’re paid for,” he said, without evidence.
He should be totally overjoyed, not bitter.
The current stock price, despite YTD of -36%, is still way over any kind of realistic valuation. And by that I mean orders of magnitude off.
Price to earnings makes it still look like a very, very, very hopeful/optimistic startup in the development phase, rather than a withering, fake luxury, niche automaker facing boycotts and being “run” by a full-blown Nazi that everyone hates.
If you still own Tesla shares, get the fuck out of it now. The recent collapse is nothing.
This 100%. Tesla remains massively overvalued, and it’s on the basis that in the future the company will dominate with self drive cars. It’s vaporware on a scale never before seen.
Tesla has fundamentally flawed self-drive technology because someone stripped out essential tech to save money. Lidar is essential to self driving cars but some genius decided they knew better than their own engineers and the self drive industry as a whole and instead made their vehicles and tech camera only. That genius? Elon fucking Musk.
The guy’s an idiot. The company is an overpriced joke.
Luckily the party is probably on its way to being over. It’s not like Elon decreasing his public presence with the president will make sales suddenly rebound.
What everyone here is also missing is that it’s 71% profit loss with tax credits which means they saw this loss coming and scrambled to cash in some stuff so it didn’t look as bad. Without that, they would have reported a decent loss like they will next quarter.
And fundamentally how would they fix their current issue? They could distance from elon but that would be a slow burn. They can’t make new cars. Can’t discount their cars much. They can’t do much of anything except lose more money.
musk was originally the lightning rod for all of trumps failures for the last 2-3 months, now if hes going away trump will recieve all the attention, thats why he always have to make stupid gaffes to distract people.
Psst… you know that Waymo is also looking into AI models that don’t use lidar? And it’s not just Tesla and Waymo now either, there’s some others as well.
https://waymo.com/research/emma
We introduce EMMA, an End-to-end Multimodal Model for Autonomous driving. Built on a multi-modal large language model foundation, EMMA directly maps raw camera sensor data into various driving-specific outputs, including planner trajectories, perception objects, and road graph elements.
Thats not to say that it will be a success, but ya know, maybe it’s actually possible, and even Waymo seems to think it’s possible and worth researching. Thats a lot of people looking into something thats clearly “fundamentally flawed”
However, EMMA also exhibits certain limitations: it can process only a small amount of image frames, does not incorporate accurate 3D sensing modalities like LiDAR or radar and is computationally expensive.
And found it wanting compared to systems that incorporate LiDAR
I was just looking through the linked PDF and I’ll actually retract what I said earlier about not finding it wanting, and them just listing limitations.
In the research paper linked it is more explicit
“Despite these promising results, EMMA is not without its limitations. In particular, it faces challenges for real-world deployment due to: (1) limitations in 3D spatial reasoning due to its inability to fuse camera inputs with LiDAR or radar, (2) the need for realistic and computationally expensive sensor simulation to power its closed-loop evaluation, and (3) the increased computational requirements relative to conventional models. We plan to better understand and address such challenges in future work.”
This is more clear that it’s not just listing limitations, but it also finds it not doing as well because of it.
That I’d call wanting.
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Some people are jumping on LLM hype to try to shoehorn it into a hot technology? What a surprise!
As I understand it, it is fundamentally possible, but at this point one of the worst bottle necks is the physical processing power required to analyze the video feed. Millisecond paced analysis of multiple aspects of multiple HD video feeds in real time by “AI” still takes some pretty heavy duty computational hardware at this point, which is impractical in a real world vehicle. It is prudent to do the research now though to be ready for the day when the hardware catches up. That said, I reckon that Waymo is in a much better position to do this research than than Tesla. Being under Google/Alphabet, they have access to the nearly 2 decades worth of Google Maps and Google’s machine vision training work, among other things, like not being a meme stock company headed by an emperor whose clothes are beginning to dissapear.
It is fundamentally flawed because everyone that tries it ends up killing motorcyclists.
If they can kill motorcyclists faster than motorcyclists can kill themselves that is impressive.
I want you to seriously think for a moment if you would say that to someone who has lost a friend or a father, who was doing nothing wrong, to a preventable issue resulting from Elon Musk being a penny pinching cunt.
I’d not intentionally be a dick to someone who obviously has learned that lesson the hardest way.
I’d absolutely say that to someone random in the hopes that it saves someone’s friend or brother. If you’re riding a motorcycle without always having how dangerous they are near the front of your mind, you’re not long for this world.
Assisted driving is nowhere near the primary cause of motorcycle deaths. Phones are worse, by at least a couple orders of magnitude.
(And yeah, removing lidar was fucking stupid)
$0.12 eps is amazing. I’m pretty sure Tesler stock is a money laundering vehicle.
That would be the most reliable vehicle they have!
And even that isn’t working
Tesla stock went up after the earnings.
What a fucking joke.
Based on him saying he was leaving the deeply unpopular and public slashing of the federal government.
The market seriously thinks Tesla will be selling well again when hes not wearing MAGA hats so publicly.
The current stock price, despite YTD of -36%, is still way over any kind of realistic valuation. And by that I mean orders of magnitude off.
It is a stock only in the name. For all intents and purposes, it is a crypto memecoin.
I read that hedgefunds use Tesla as colatteral and can’t let it go down much more. Don’t know if true but pretty interesting. If enough people sell they can’t keep the price up and fun times will begin which I hope for.
Collapsing hedge funds would be the icing on the cake.
Agreed. Their P/E ratio is still in dreamland. Look at the P/E ratio of any other car company and compare to this dumpster fire of a company.
People like fElon say they aren’t like other car companies; they are a “technology” company. I say that’s bullshit.
“The protests that you’ll see out there, they’re very organized. They’re paid for,” he said, without evidence.
No. When you do a double seig-heil on national television we protest for free.
Fuck, I’ll pay to protest at this point. I’m livid at this assface.
Don’t give them any ideas.
Nobody’s got to pay me to convince me Musk is a nazi piece of shit, he did that all on his own.
he did the salute twice to emphasize his support;.
Where do I submit my paid protester invoice?
I’m still waiting for my doge check.
Every accusation is a confession.
Bruh, don’t do shit that causes protests then.
This guy was a liberal environmentalist sweetheart and then he decided he was going to say fuck you to his main customer base and throw his ilk in with Trump. This is all on you Musky-boy.
The world would be better without you, Elon. And you’re such a sad little shit you’re probably reading these comments hoping someone will like you.
Still over here hoping his penis pump explodes and burns him to death from the dick up.
It is a mistake to lead off with “here’s the thing about Elon Musk,” because there’s LOADS of things with Musk, but in particular. Let’s set aside how ludicrous it is to claim that the protesters are being funded by some outside source, because sure that’s worked in the past, and of course it’s the Democrats, those notably cash-positive people, who are doing it.
Elon Musk is THE RICHEST MAN IN THE WORLD. If anyone could beat a theoretical money-backed protest against him, it would be him. Just offer to beat the offer of anyone funding the protesters. That’s it! If they’re only in it for the money then the protest would fold immediately.
More than that, Musk has literally paid people to vote in his favor in the Wisconsin Supreme Court race! The levels of hypocrisy are so staggeringly great that it risks materializing actual hippopotamuses on his properties.
Worth bearing in mind that EV sales increased something like 24% in Europe from last year, so Tesla (lack of) sales have to be adjusted for that. Even if the number of cars they sold had remained static it would still be troubling.
Good. Hope it gets even worse.
They would have lost hundreds of milliions if it weren’t for carbon credits, which have now been removed.
Maybe he should spearhead a supertruck or an xcar project to save the company. Wow those xonsumers with a jetson car theme or something. Cheaply built but somehow luxury segment. It’s Idiot proof!
I’ve been calling the cybertruck the Homer since it’s release. So apt.
Maybe he should make a submarine and go see the Titanic
Made in China, no doubt.
Don’t let up, this is just nothing to him. Make it painful.
At most companies, it’d be long past time to show the CEO the door. But Tesla’s stock price is inextricably linked to Musk and his onetime image as Silicon Valley’s greatest living genius.
BWaHAAHAhaahaha. Ahhh what a fuckin’ idiot Elmo is.
We haven’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 will 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.
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
They lost millions, you say? I took a look and since Nazi Salute Day the value of Tesla has dropped on the order 500,000 million dollars.
do none of the investors just go “shut the fuck up you sig heiling cunt”?
