this post was submitted on 26 Apr 2025
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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.

(page 2) 50 comments
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[–] AngrySquirrel@lemm.ee 9 points 14 hours ago (1 children)

Has he considered suicide?

[–] Fedizen@lemmy.world 5 points 2 hours ago

It did wonders for hitler's image.

[–] spooky2092@lemmy.blahaj.zone 8 points 16 hours ago (3 children)

I'm curious what's going to happen if banks start calling Leon's loans since Tesla stock isn't going to be enough to cover his loans at some point, probably pretty soon.

[–] Tja@programming.dev 7 points 9 hours ago

That's not how loans against stock work. If the share price reach a threshold the shares are automatically sold to cover the loan.

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[–] Fedizen@lemmy.world 8 points 2 hours ago* (last edited 2 hours ago)

Elon musk, resign bitch.

His real decision is going to be suing everyone that doesn't buy a tesla.

[–] GoodOleAmerika@lemmy.world 7 points 17 hours ago

Bail out and never come back. Only way else Tesla is done.

[–] altphoto@lemmy.today 6 points 1 day ago

He hasn't shot any migrants from his window in the morning. Maybe shoot migrants from your window? I don't known, that's the part I remember most about Schindler's list.

That could boost sales right?

Did he try to carry a sink into Tesla?

[–] elgordino@fedia.io 6 points 1 day ago

Maybe if that $56bn bonus goes through he’ll think of something. Heh.

[–] burgerpocalyse@lemmy.world 5 points 1 day ago (3 children)

one thing to consider is that tesla does not make its money by selling cars, but by selling carbon credits to other companies

[–] frezik@midwest.social 6 points 1 day ago (1 children)

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.

[–] OutlierBlue@lemmy.ca 4 points 1 day ago (1 children)

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.
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[–] theotherbelow@lemmynsfw.com 5 points 23 hours ago

Sorry bud, EVs were championed by reasonable people with stable government jobs. You fired them yourself congratulations you are your own worst enemy.

[–] Olhonestjim@lemmy.world 5 points 1 hour ago

But you guys, Henry Ford like Hitler toooooo!

[–] Olhonestjim@lemmy.world 5 points 1 hour ago

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

[–] aesthelete@lemmy.world 4 points 1 day ago

Maybe you could just make like a tree and leave?

[–] frezik@midwest.social 4 points 1 day ago

He could divest himself from the company.

[–] bwf93@lemmy.world 4 points 23 hours ago (1 children)
[–] djsp@feddit.org 4 points 20 hours ago (1 children)

Wouldn't it be the other way around? I think Musk would rather have TSLA ~~bagholders~~ shareholders prop up his private companies, of which he likely owns a higher percentage than Tesla. The pitch could be that xAI has what Tesla needs for some of the vaporware he keeps promising and that Tesla should therefore acquire xAI.

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[–] Naevermix@lemmy.world 4 points 1 hour ago

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

[–] atzanteol@sh.itjust.works 3 points 1 day ago

He's gonna sell Teslas... ON MARS! Definitely start in 5 years. Space-X will launch them!

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