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.

Non-paywall link

  • Optional@lemmy.world
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    23 days ago

    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.

    • st3ph3n@midwest.social
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      23 days ago

      He is also Tesla’s largest single shareholder, and has a hand-picked board. It would take a lot to get him to leave involuntarily.

      • Optional@lemmy.world
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        23 days ago

        Oh yeah, it’s not happening. I just thought the part about his image as the greatest genius was well-played as sarcastic AF and also laughable in hindsight

  • partial_accumen@lemmy.world
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    23 days ago

    “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.

    • Eruanna@midwest.social
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      23 days ago

      The ones I’ve been to have been the least organized protests I’ve seen. There was no announcement on www.mobilize.us, people just showed up on Saturdays at 12. I couldn’t actually find any organizers, there weren’t anyone with mega phones or anything. I wanted to thank them, but it looks like it was largly just people having the same idea.

    • PlexSheep@infosec.pub
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      22 days ago

      You have a typo in your Nazigruß. I’m not going to correct it because I don’t want to write out those dirty words.

        • skulblaka@sh.itjust.works
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          23 days ago

          Fuck that, take my ideas.

          I’ll donate $50 to the legal defense of anyone who rids us of this turbulent billionaire, and I’m not the only one who would

          • ZoopZeZoop@lemmy.world
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            22 days ago

            I interpreted what you wrote as paying the government for the right to protest.

            I wholly supported crowd funding the fixing of legislation and ending billionaires and preventing billionaire influence in our political, economic, social, and environmental systems.

          • supersquirrel@sopuli.xyz
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            23 days ago

            This is an important part of protesting, if you don’t want to protest yourself you can always do things like this!

  • Num10ck@lemmy.world
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    23 days ago

    i’d kinda like to see a movie about some sales guys at tesla trying to sell their way around this, maybe dane cook/jeremy piven… and have their discussions with management, and their cooling off after hours. and michael sara just stumbles around with no sense of context and accidently being top rep.

    • NeilBrü@lemmy.world
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      23 days ago

      Are there any ETFs that I can put money into that short Tesla for mentally handicapped retail investors like me? For example, inverse REITs are an easy way to short the housing market.

      • skip0110@lemm.ee
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        23 days ago

        TSLQ

        But, I don’t think it’s smart. Holding this for more than a day or two is irresponsible. You capture more risk on the up days then you will gain on the down days of the underlying ticker.

        Instead, invest in a business you expect to grow. Just ignore the failing ones.

  • MagicShel@lemmy.zip
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    23 days ago

    You can bullshit the American people that they are paid protestors, but if any of his investors buy that line of bullshit, they deserve to lose all their money.

    • tburkhol@lemmy.world
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      23 days ago

      TSLA is around 1.5% of broad market index funds, like S&P 500, so if you’ve taken the general advice to put your 401k or other savings into index funds, you own TSLA.

      • MagicShel@lemmy.zip
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        23 days ago

        People with $3500 of TSLA aren’t really who I’m talking about here. You have a technical point, but it’s not really what I was getting at.

      • CosmicTurtle0@lemmy.dbzer0.com
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        23 days ago

        I haven’t checked yet but I spent my evening last night completely rebalancing my 401k and IRA to international stocks and municipal bonds.

        If all goes well, my 401k should be executed by now. My IRA I have to do myself but that should be done tomorrow.

  • boreengreen@lemm.ee
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    23 days ago

    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!

  • pyre@lemmy.world
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    23 days ago

    do none of the investors just go “shut the fuck up you sig heiling cunt”?

      • pyre@lemmy.world
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        23 days ago

        tech investors are fucking idiots who chase after shiny objects in hopes of the next big thing. it’s one thing for these morons to be impressed by a wannabe Tony Stark, and another to be ok with open nazism.

    • ThomasCrappersGhost@feddit.uk
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      22 days ago

      If you were a left wing investor, why would you invest in a company fronted by a right wing person?

      If you weren’t bothered by that, why would you invest in an over valued, over hyped, badly managed company?

      • pyre@lemmy.world
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        22 days ago

        not about being left wing. the right wing came up with “alt-right” for a reason. they knew the nazi shit is toxic. there’s no doubt that his sig heil played a major role in regular or otherwise indifferent people to really feel icky about him. the shit he did with doge didn’t help of course.

        investors care about money. it’s easy to see the sig heil was the beginning of the freefall. even if you’re a nazi you should know that’s not a thing to do. so this is not about the political views of the investors at all.

        • ThomasCrappersGhost@feddit.uk
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          22 days ago

          Ok. It would have been better to say if you were bothered by his views, his actions at Twitter, and DOGE. I just tried to put it simply.

          I also wasn’t meaning to take away from what you said in any way.

          • pyre@lemmy.world
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            22 days ago

            I mean I can’t imagine being in an investor call where this guy is just crying about organized protests and making excuses and not thinking “yeah even if this is all paid, it all started because you sig heiled twice on national television you fucking idiot”… but I guess people are willing to hold their tongue when the dumbest, most unlikeable person alive is also the richest.

            • ThomasCrappersGhost@feddit.uk
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              22 days ago

              It’s equally possible that all these people are as dumb as he is.

              I read a comment a couple of week back by someone who heavily bought into Musk being a genius and Tesla being amazing, I could imagine that being my first introduction to Musk and maybe thinking “hey I should give this guy all my money”, but fortunately I’m not that daft.