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.

  • Olhonestjim@lemmy.world
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    2 days ago

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

  • bluegreenwookie@bookwormstory.social
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    2 days ago

    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.

    • glitch1985@lemmy.world
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      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
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      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
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        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.

  • Fedizen@lemmy.world
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    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
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    2 days ago

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

    I mean the option’s right there.

  • flop_leash_973@lemmy.world
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    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.

  • Naevermix@lemmy.world
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    2 days ago

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

  • demunted@lemmy.ml
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    3 days ago

    He’s tried nothing and Is all out ideas.

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

  • orcrist@lemm.ee
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    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.

    • ExtremeDullard@lemmy.sdf.org
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      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
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        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.

    • merc
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      3 days ago

      If he resigns, Tesla becomes just another car company. Car companies get a P/E ratio of 7 (if they’re well run). Tesla’s P/E ratio is above 160. Elon Musk’s “genius” leadership is how Tesla investors have convinced themselves that they’re not investing in a typical car company. If he goes, the stock tanks. But, then again, if he stays, the stock tanks because he’s clearly not a genius, and even if he was he’s an evil genius and people don’t want to buy cars associated with his brand.