Key Points

  • Tesla’s Q1 2025 earnings showed a 71% drop in net income and a 9% decline in revenue.
  • Elon Musk attributed some of Tesla’s struggles to “rapidly evolving trade policy” and “changing political sentiment.”
  • Analysts express concerns about near-term uncertainty for Tesla, linking the company’s future to Musk’s involvement with the White House.
  • givesomefucks@lemmy.world
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    8 months ago

    Elon Musk attributed some of Tesla’s struggles to “rapidly evolving trade policy” and “changing political sentiment.”

    Considering how much he paid to get trump in office…

    I feel like both those problems are things Elmo is personally responsible for

    • Pennomi@lemmy.world
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      8 months ago

      The public political sentiment never changed, Elon just decided to openly choose fascism. This is peak victim blaming.

        • Pennomi@lemmy.world
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          8 months ago

          No, Elon saying “changing political sentiment” as the reason Tesla is failing is victim blaming. He basically slapped us in the face and then told us that it’s OUR fault we won’t buy his cars any more.

          • P00ptart@lemmy.world
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            8 months ago

            Ok, thanks for the clarification lol. I read that in a way that was like, alright even Elon would have a hard time convincing himself of this. My bad.

    • Septimaeus@infosec.pub
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      8 months ago

      Technically correct. The best kind of correct.

      But to clarify, the stigma doesn’t/shouldn’t extend to people with Teslas from the early days. If you happen to already own an old Tesla, don’t worry about it. You’ve suffered enough misfortune on account of that choice already.

      I say this because I’ve seen few old ones around here with all the branding scraped off, and even saw these hubcaps dumped by a bin in a nearby public park late at night as if the Tesla owner didn’t want their neighbors to see:

      tesla hubcaps dumped on the ground beside trash bin at Riverside Park close up showing logo of tesla hubcaps dumped on the ground beside trash bin at Riverside Park

      If this is you, I just want to remind you that reasonable people can draw a distinction between EV early-adopters and the current Elon stans/nazis. Your old Tesla doesn’t make everyone think you’re a racist or whatever. So you don’t have to damage the resale value of your car [further than Elon has] just to convey your principles, and you don’t need to feel bad about supporting that company before everyone realized the CEO was such a douche canoe.

      At the very least, I’m not judging you, and you won’t get keyed on my block.

      Edit: but if you purchase one now, I am judging you, and not just your integrity but your mental acuity as well.

  • grue@lemmy.world
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    8 months ago

    9% decline in revenue.

    Those are rookie numbers. We gotta pump those numbers up!

    Seriously though, we need to be forcing a 71% drop in gross revenue, not just profit. A 71% drop in profit is not the same as a loss.

  • Not_mikey@lemmy.dbzer0.com
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    8 months ago

    And there stocks price went up 7% today …

    If anyone still needs proof that financial speculation and stock valuations are as real as fairies, here you go.

    • tux@feddit.it
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      8 months ago

      If I read well, more than 100% of the profit was tax rebates, i.e. without government subsidies they would have lost money

      • iamnotafishuq@lemmy.zip
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        8 months ago

        I wonder if their accounting is still showing the ones that Canada was refusing to pay out due to suspected fraud? Thinking they may get them back in court. If so, that could make it look even worse. Fingers crossed.

    • P00ptart@lemmy.world
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      8 months ago

      When can we start vandalizing Tesla owners? 6 months? That should be fair right? If they bought a $100k + car, they should have the financial freedom to get rid of it by now, right? I’m done with the bumper stickers. That doesn’t save you anymore.