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.

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[–] Treetrimmer@sh.itjust.works 11 points 1 day ago

Ketamine does cause brain rot

[–] reddig33@lemmy.world 134 points 1 day ago (5 children)

Has he considered resigning?

[–] merc@sh.itjust.works 2 points 19 hours 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.

[–] ExtremeDullard@lemmy.sdf.org 59 points 1 day ago* (last edited 1 day ago) (1 children)

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 44 points 1 day ago (1 children)

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.

[–] Ledericas@lemm.ee 6 points 1 day ago (1 children)
[–] TallonMetroid@lemmy.world 4 points 1 day ago

Exactly. Fuck them.

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[–] DBT@lemmy.world 75 points 1 day ago (2 children)

Tesla doesn’t need him to refocus, the damage is done. He fucked it all up trying to impress everyone at 4 chan with his nazi salutes, deal with it chainsaw performance, firing thousands of people nonchalant, etc.

As long as he’s tied to the brand in any way it’s cooked.

[–] Tramort@programming.dev 16 points 1 day ago (1 children)

But he looked cool wearing the cheese head before he fucked up his attempt to corrupt the Wisconsin judiciary, right?

[–] Ledericas@lemm.ee 7 points 1 day ago

He had to emphasize on the Roman salute twice

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[–] bwf93@lemmy.world 4 points 21 hours ago (2 children)
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[–] melsaskca@lemmy.ca 12 points 1 day ago

Even if one of his ideas were to apologize for the nazi salute I think the "saving Tesla" ship has sailed.

[–] ExtremeDullard@lemmy.sdf.org 84 points 1 day ago

There are other, indirect ways to hurt Tesla.

For example, when I call a cab, I tell the dispatcher I don't want to ride in a Tesla taxi. And one dispatcher a few weeks ago told me I wasn't the only one requesting that.

[–] cley_faye@lemmy.world 21 points 1 day ago (6 children)

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.

[–] raltoid@lemmy.world 17 points 1 day ago* (last edited 1 day ago)

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.

[–] Mateoto@lemmy.world 17 points 1 day ago

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.

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[–] EndlessNightmare@reddthat.com 18 points 1 day ago

All he had to do was shut his fucking mouth. Tesla sells a competitively-price product and has a strong moat with their charging network. He is snatching defeat from the jaws of victory, all because he doesn't know how to STFU.

[–] Bytemeister@lemmy.world 36 points 1 day ago (3 children)

Step down from Doge, open the files and lay bare this administration.

Offer to buyback every single Cybertruck.

Appoint a board of directors elected by Tesla employees, with representatives from each department to manage the long term goals and policy of Tesla.

Make a low cost, highly configurable electric car. Essentially an electric 90's Civic.

Or better yet. Pay me 500 million a year and I'll do all of this for you.

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[–] 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 23 hours 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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[–] cecilkorik@lemmy.ca 50 points 1 day ago (1 children)

Goodbye, Tesla, and good riddance. Some salutes will never be forgotten.

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[–] MyOpinion@lemm.ee 50 points 1 day ago (7 children)

Become a Nazi lose your company. You have been warned.

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

He could divest himself from the company.

[–] ininewcrow@lemmy.ca 31 points 1 day ago (1 children)
[–] quetzaldilla@lemmy.world 11 points 1 day ago

Better CEO choice than Elon Musk.

[–] Zaktor@sopuli.xyz 28 points 1 day ago (1 children)

Elon was never the guy who made Tesla work. He's just a rich guy who bought it and then had to be insulated from running it because his ideas suck.

[–] UnsavoryMollusk@lemmy.world 19 points 1 day ago (1 children)

The insulation had to happen with spacex and paypal too btw... This guy is not really good.

[–] zurohki@aussie.zone 9 points 1 day ago

IIRC one of the big issues with Twitter was it didn't have anything set up to insulate the business from Musk's idiot whims.

[–] aceshigh@lemmy.world 3 points 1 day ago

Let’s see what kind of a genius businessman musk is. My dad thinks that all billionaires are smart. Prove him right musk! Save Tesla from yourself.

[–] comador@lemmy.world 25 points 1 day ago (2 children)

I did nazi that one coming...

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Did he try to carry a sink into Tesla?

[–] wildcardology@lemmy.world 3 points 1 day ago

The last idea he had for Tesla was by shitting out the cybertruck.

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