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

I did nazi that one coming...

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

He could divest himself from the company.

Did he try to carry a sink into Tesla?

[–] 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.

[–] Ghostalmedia@lemmy.world 12 points 1 day ago (1 children)

There is one very easy way to save Telsa. Musk needs leave and divest. The company can’t have anything to do with him anymore.

[–] Wispy2891@lemmy.world 11 points 1 day ago (2 children)

Well that's guaranteed bankruptcy.

He owns 20% of an extremely overvalued meme stock (market capitalization of Tesla = almost all top 10 car manufacturers COMBINED), if he dumps them, then everyone will get margin called

And any other CEO would not be able to pump the meme stock telling the "self driving in 6 month" lie for years and years without being indicted for stock manipulation

[–] Thedogdrinkscoffee@lemmy.ca 7 points 1 day ago

without being indicted for stock manipulation

The SEC is dead and he has presidential pocket pardons.

[–] RustyShackleford@programming.dev 1 points 1 day ago* (last edited 1 day ago)

Couldn't a SPAC buy it out if/once he "comes to Jesus" and steps down as CEO and divests?

Essentially a reformation of the publicly traded company? Granted, these are just my own "pie in the sky" musings.

Ultimately, I think it's logically consistent to want to have Tesla do well as a company, but also still be against Elon Musk in everything he stands for. Personally, I would also discontinue the cyber truck and refocus towards producing an affordable and reliable EV starting at less than $30K. I don't think any of this is going to happen, mind you.

[–] Jaysyn@lemmy.world 14 points 1 day ago (1 children)

Well, someone sure is propping up his fascist memestock.

[–] chunkystyles@sopuli.xyz 4 points 1 day ago

I'm not a stock market person. I know fuck all about it.

But I've been watching the stock for a while now, and that's the only conclusion I can come to. Someone has to be buying shit loads of the stock to keep it afloat.

[–] altphoto 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?

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

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

[–] blakenong@lemmings.world 9 points 1 day ago (5 children)

Bezos car company is a lot more practical. I just wish it wasn’t bezos.

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

He also threw a bunch of money into Rivian. He’s basically investing in companies that can make a a delivery truck that is cheaper to run and maintain.

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

Maybe you could just make like a tree and leave?

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

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

[–] OutlierBlue@lemmy.ca 1 points 1 day ago

Elon Musk vowed to refocus on Tesla

We already know his ~~management~~ meddling wrecks things and that his workers generally prefer him to back off and let them work effectively. This can only make thing worse for his businesses.

[–] jaybone@lemmy.zip 3 points 1 day ago

I’m sure Tesla gets an exemption from those battery cell tariffs.

How much that affects product price and influences consumers and the stock price is another question.

[–] MuskyMelon@lemmy.world 2 points 1 day ago

Bet he regrets stopping people from burning down Tesla stores now cause he was claiming insurance for those.

[–] 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!

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

He bought it. He can save it by selling it and all the stock he has in it. The faster he fades into obscurity the better off humanity will be.

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