this post was submitted on 23 Apr 2025
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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

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[–] ryrybang@lemmy.world 243 points 2 days ago* (last edited 2 days ago) (10 children)

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.

[–] BananaTrifleViolin@lemmy.world 113 points 2 days ago (13 children)

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.

[–] CleoTheWizard@lemmy.world 40 points 2 days ago (2 children)

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.

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[–] Pistcow@lemm.ee 44 points 2 days ago (1 children)

$0.12 eps is amazing. I'm pretty sure Tesler stock is a money laundering vehicle.

[–] SpaceNoodle@lemmy.world 52 points 2 days ago (1 children)

That would be the most reliable vehicle they have!

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[–] 50MYT@lemmy.world 33 points 2 days ago (1 children)

Tesla stock went up after the earnings.

What a fucking joke.

[–] mosiacmango@lemm.ee 17 points 2 days ago

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.

[–] BedSharkPal@lemmy.ca 12 points 2 days ago (1 children)

The problem is it's in the S & P 500 and a lot of ETFs have it packaged in as a result. If pensions find managers start dropping TSLA....

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[–] partial_accumen@lemmy.world 211 points 2 days ago (6 children)

“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.

[–] Lemminary@lemmy.world 52 points 2 days ago (1 children)

Fuck, I'll pay to protest at this point. I'm livid at this assface.

[–] ZoopZeZoop@lemmy.world 14 points 2 days ago (3 children)

Don't give them any ideas.

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[–] Zippygutterslug@lemmy.world 146 points 2 days ago (1 children)

Nobody's got to pay me to convince me Musk is a nazi piece of shit, he did that all on his own.

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[–] pennomi@lemmy.world 126 points 2 days ago (2 children)

Where do I submit my paid protester invoice?

[–] floo@retrolemmy.com 93 points 2 days ago (1 children)
[–] RidderSport@feddit.org 25 points 2 days ago (1 children)

Where do I get my member card?

[–] funkless_eck@sh.itjust.works 13 points 2 days ago (1 children)

it's the same as being a Discordian Pope

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[–] breezeblock@lemm.ee 19 points 2 days ago

I'm still waiting for my doge check.

Every accusation is a confession.

[–] MagicShel@lemmy.zip 83 points 2 days ago (1 children)

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 18 points 2 days ago (3 children)

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 14 points 2 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.

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[–] mutual_ayed@sh.itjust.works 48 points 2 days ago (3 children)

Shorting TSLA is my favorite thing right now. The one tiny bright point in my life.

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[–] rodneylives@lemmy.world 45 points 1 day ago

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.

[–] Grizzlyboy@lemm.ee 45 points 1 day ago (2 children)

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.

[–] Stalinwolf@lemmy.ca 26 points 1 day ago (5 children)

Kill yourself, Elon. Everyone will be sorry then.

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[–] peregrin5@lemm.ee 44 points 2 days ago* (last edited 2 days ago)

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.

[–] arc@lemm.ee 38 points 1 day ago (1 children)

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.

[–] genevieve@lemmy.blahaj.zone 11 points 1 day ago (2 children)

europe has so many ev’s that cheaper than tesla and with better build quality and service than tesla

and 100% less naziism

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[–] _cryptagion@lemmy.dbzer0.com 34 points 1 day ago (1 children)

so when can I expect my paycheck for being a paid protestor?

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[–] Formfiller@lemmy.world 32 points 1 day ago* (last edited 1 day ago) (1 children)
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[–] lemmylump@lemmy.world 29 points 1 day ago (1 children)

Don't let up, this is just nothing to him. Make it painful.

[–] supersquirrel@sopuli.xyz 13 points 1 day ago (3 children)

Never stop shaming and making fun of this hateful loser until the day he dies... and then piss on his grave after he dies.

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[–] boreengreen@lemm.ee 27 points 2 days ago (3 children)

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!

[–] Witchfire@lemmy.world 15 points 1 day ago

Maybe he should make a submarine and go see the Titanic

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[–] barneypiccolo@lemm.ee 25 points 1 day ago (1 children)

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.

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[–] fritobugger2017@lemmy.world 22 points 1 day ago (1 children)

Good. Hope it gets even worse.

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[–] pyre@lemmy.world 20 points 1 day ago (7 children)

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

[–] 100_kg_90_de_belin@feddit.it 10 points 1 day ago (3 children)

The same investors who were fine with Musk peddling himself as real-life Tony Stark?

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[–] homesweethomeMrL@lemmy.world 20 points 2 days ago (1 children)

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 11 points 2 days ago (1 children)

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.

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[–] ryannathans@aussie.zone 18 points 2 days ago

Free market go brrr

[–] JohnDClay@sh.itjust.works 17 points 1 day ago (1 children)

Looks like revenue this quarter was $19.34B. That's slightly less than the 2024 Q1 result of $21.3B. Looks like Q1 is usually lower, let's make this trend continue to following quarters.

https://macrotrends.net/stocks/charts/tsla/tesla/revenue

[–] TammyTobacco@sh.itjust.works 10 points 1 day ago

These are numbers for all of Q1 too, and people didn't really start the protests until a few weeks to a month in. So in theory last quarter had a few more good weeks than next quarter will.

[–] SapphironZA@sh.itjust.works 16 points 1 day ago (1 children)

This bubble does not just need to be popped, it needs to evaporate.

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[–] My_IFAKs___gone@lemmy.world 15 points 2 days ago* (last edited 2 days ago) (3 children)

"They’re paid for"

Bro, if people hate you and your company enough to employ and pay others to protest, then you and your company must be an all new level of shitty. I'm not quite sure the claim/excuse you're making is the defensive shield you think it is. It sounds much more like an admission of total failure...

And yet the board still thinks it's a good idea to retain you? I guess it's heartwarming they're more loyal to you than they are to the company.

[–] pivot_root@lemmy.world 12 points 2 days ago

Bro, if people hate you and you company enough to employ and pay others to protest, then you and your company must be an all new level of shitty.

His people—conservatives—don't follow logic. They have a victim complex and see anything that negatively affects them as someone else's fault and not the consequences of their own actions. If there isn't an obvious perpetrator, they scapegoat one into existence.

I've debated some of these people and it's hopeless trying to get them to connect the dots. You can keep presenting them with logic and evidence, and they keep shifting the goalposts and changing the topic to justify their beliefs. A summary of one of my attempts to convince someone that Trump isn't universally beloved by average Americans went roughly like this:

  • "Trump has improved the average citizen's quality of life"
  • "Then why are there 5 million protesters coming out every month?"
  • "I haven't heard of any large protests"
  • (links to 50501 Wikipedia page)
  • "They're 'protesters' funded by the left"
  • "All 5 million of them? That would be extremely expensive, even if it's just $100 a person. Nobody could afford that."
  • "Remember, all the billionaires are Democrats" (Thiel? Musk?)
  • "That's not even their playbook. It's cheaper and more effective for them to lobby for changes that benefit themselves."
  • "But they can't do that anymore because Trump is in charge, so now paid protesters are their preferred choice"
  • "Suppose they are paid. With 5 million people, there's absolutely no way that they're being paid will remain secret."
  • "OK fine, maybe it's only a couple hundred thousand being paid."

I don't doubt that some tiny handful of people would be paid to protest for some reason or another, but I highly doubt it's anywhere close to what MAGA conservatives think. IMO, it's more likely that protesters would be paid by the other side to make the protest violent so they could crack down on them.

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[–] phoenixz@lemmy.ca 13 points 1 day ago

I want my money Elmo!

If you say it's paid, pay me. Pay up or shut up

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