- cross-posted to:
- BoycottUnitedStates@europe.pub
- cross-posted to:
- BoycottUnitedStates@europe.pub
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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One thing that might help is to stop carrying around that human shield. Just a matter of time after that.
Sorry bud, EVs were championed by reasonable people with stable government jobs. You fired them yourself congratulations you are your own worst enemy.
There is one very easy way to save Telsa. Musk needs leave and divest. The company can’t have anything to do with him anymore.
Well that’s guaranteed bankruptcy.
He owns 20% of an extremely overvalued meme stock (market capitalization of Tesla = almost all top 10 car manufacturers COMBINED), if he dumps them, then everyone will get margin called
And any other CEO would not be able to pump the meme stock telling the “self driving in 6 month” lie for years and years without being indicted for stock manipulation
without being indicted for stock manipulation
The SEC is dead and he has presidential pocket pardons.
Couldn’t a SPAC buy it out if/once he “comes to Jesus” and steps down as CEO and divests?
Essentially a reformation of the publicly traded company? Granted, these are just my own “pie in the sky” musings.
Ultimately, I think it’s logically consistent to want to have Tesla do well as a company, but also still be against Elon Musk in everything he stands for. Personally, I would also discontinue the cyber truck and refocus towards producing an affordable and reliable EV starting at less than $30K. I don’t think any of this is going to happen, mind you.
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
Henry Ford was a Nazi, and his company did fine, tho! /s
Yeah, sucks that the good charging network is theirs, so they’ll continue to collect even if people buy other EVs.
He killed the charging network team so it won’t be long until it’s overtaken.
Imagine forfeiting such a strong moat.
He’s tried nothing and Is all out ideas.
Is It Elon that is wrong? No it must be the consumers!
Does negging his customers count as an idea?
He threw Sieg Heils and is now out of ideas
Ok, hear me out, maybe what he needs is lots more sieg heils? It worked for that mustache dude 70ish years ago, hitler.
If hitler had given up after just 2 sieg heils then not many people would know his name. Come on, Muskrat, show some belief in yourself!!
Has he considered suicide?
It did wonders for hitler’s image.
Sinking companies is the only thing I’m actually good at!
He’s gonna sell Teslas… ON MARS! Definitely start in 5 years. Space-X will launch them!
The being a Nazi strategy didn’t pan out I guess
Become a Nazi lose your company. You have been warned.
I’m afraid we need a good ryme, or a 3 word chant in order for it to actually resonate… anyone got a go woke go broke equivelant for nazi’s or white supremacists.
Go nazi go kamikaze?
Go Musk, go bust?
Die nazi
go fash, lose cash
Go Fascist get your ass kicked?
At our march they were chanting
No Nazis! No kings!
These are not American things!Good stuff.
one thing to consider is that tesla does not make its money by selling cars, but by selling carbon credits to other companies
Do you have a source on this?
It’s a major part of their profit margin, but even with their decline this quarter, they’d eek out a profit without it.
https://carboncredits.com/teslas-carbon-credit-revenue-soars-to-2-76-billion-amid-profit-drop/
In Q4 2024 alone, Tesla earned $692 million from selling regulatory credits or carbon credits, accounting for nearly 30% of its quarterly net income of $2.33 billion.
At least for now, they’re keeping their financial head above water even without carbon credits. Of course, no business would willingly throw away 30% of its net income.
The big thing for them is that those credits are free profit. Other car companies have to buy them to make up for their ICE cars. Tesla doesn’t sell a single ICE car, so everything they make comes with a credit. Mind you, as the market transitions away from ICE, those will naturally evaporate from the company’s ledger.
I agree with your comment, but FYI:
they’d eek out a profit
eke
- to make (a living) or support (existence) laboriously:
- to eke out an income with odd jobs.
In the case of Tesla, I think “eek” out a profit is acceptable. Because it’s scary what it is paying for.
I may be misunderstanding, but don’t they have to sell cars to have the carbon credits to sell? So tanked sales = fewer credits.
Here’s a plan : leave the engineers do their work, stop interfering with innovation, and just shut the fuck up. Not sure it would save tesla, but it would get a fighting chance.
Let Tesla fail and Musk too. You don’t want to save Tesla as long as the fascist Musk profits from it. Let all his companies fail.
Also don’t promise stuff you just can’t deliver on. Like how a Tesla would be full self driving in 2014 but next year, or that amazing truck that would be the end game for every company moving stuff, or the new roadster from 2017
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It’s ok, they’re well known to go against useful advice anyway.
As if he would ever see it, and on top of that, take the advice?
That’s how they became so big in the first place.
I honestly think there’s going to be a mockumentary about him eventually. The alleged stories are straight out of a sitcom. With his PA distracting him from engineers doing important work, giving him fake people to fire when he got in one of his moods, keeping his wild antics away from social media, etc.
Then she asked for a raise and he fired her, afterwards he unraveled.
He bought it. He can save it by selling it and all the stock he has in it. The faster he fades into obscurity the better off humanity will be.
Unfortunately, his narcissism won’t stand for him fading into obscurity :(
Elon’s entire career is about creating hype with the help of his loyal sycophants and then profiting off it.
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.
It will, it just takes a lot of years. Lets not forget that Hugo Boss and Volkswagen were nazi germany companies.
They’re still quite popular even though one made military uniforms and the other vehicles.
And that can really only begin with his departure from the company. And his divestment.
A lot of people are going after Tesla because he owns a shit load of it and we want to bury him- not because we particularly care about Tesla.
Once he’s gone from the company, then they can rebuild, it eh…. He has to leave first.
90% of what is keeping Tesla’s value is the tech bro community’s absolute belief in Elmo. If he sold all of his shares the value of the stock would plummet to almost zero. Hell if he even just sold a moderately large portion of his shares the stock price would plummet dramatically. That’s why he’s always so reluctant to sell his stock and basically uses it to leverage loans.
That’s not why. The why is to avoid a taxable event.
He actually had to sell some of his stock to pay taxes a couple of years ago. And when he did so it dramatically dropped the price of the stock. So no. There’s a rule in place that if you have a stock for X amount of time you do not have to pay taxes on it when you sell it.
You pay less taxes on long term, but not no taxes. That’s why you take loans against it.
Thank you for confirming my point.
I think we are lacking reading comprehension skills.
Selling stock = taxable event, taxes (big or small).
Getting a loan against stock = no taxable event, zero taxes.
And the more stock he has and the more it’s worth, the more money he can get from a loan based on it.
My point is still standing, the thing keeping him from selling his stock is not the taxes it’s the value of the stock.
This was literally proved when he sold some of his stock to pay off taxes that he owed. Bitching on twitter the entire time about it as well.
