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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[–] reddig33@lemmy.world 104 points 15 hours ago (4 children)

Has he considered resigning?

[–] ExtremeDullard@lemmy.sdf.org 42 points 14 hours ago* (last edited 14 hours 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 31 points 13 hours ago (2 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.

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[–] sp3ctr4l@lemmy.dbzer0.com 3 points 8 hours ago* (last edited 8 hours ago)

Reinstate Eberhard and Tarpenning.

[–] FistingEnthusiast@lemmynsfw.com 22 points 15 hours ago (1 children)
[–] Gregg@lemm.ee 12 points 15 hours ago (1 children)
[–] Scrollone@feddit.it 1 points 7 hours ago

Player_2_joined_the_Mario_game.jpg

[–] NatakuNox@lemmy.world 0 points 11 hours ago

Weird way to say fuck off to Mars.

[–] altphoto@lemmy.today 5 points 8 hours 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?

[–] ininewcrow@lemmy.ca 26 points 13 hours ago (1 children)
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[–] Zaktor@sopuli.xyz 25 points 13 hours ago (2 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.

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[–] cecilkorik@lemmy.ca 45 points 15 hours ago (1 children)

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

[–] pelespirit@sh.itjust.works 8 points 13 hours ago

It's all fun and games until your billion dollar company gets taken down.

[–] MyOpinion@lemm.ee 44 points 15 hours ago (1 children)

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

[–] TheFogan@programming.dev 9 points 14 hours ago (5 children)

I'm afraid we need a good ryme, or a 3 word chant in order for it to actually resonate... anyone got a go woke go broke equivelant for nazi's or white supremacists.

Go nazi go kamikaze?

[–] griff@lemmings.world 22 points 14 hours ago

go fash, lose cash

[–] alquicksilver@lemmy.world 5 points 12 hours ago

Go Musk, go bust?

[–] JailElonMusk@sopuli.xyz 9 points 14 hours ago

Go Fascist get your ass kicked?

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[–] Ghostalmedia@lemmy.world 11 points 12 hours 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 10 points 10 hours 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 6 points 9 hours ago

without being indicted for stock manipulation

The SEC is dead and he has presidential pocket pardons.

[–] RustyShackleford@programming.dev 1 points 7 hours ago* (last edited 7 hours 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.

[–] Jessica@discuss.tchncs.de 1 points 7 hours ago

Let's put that briefcase back in his hand so he can be left holding it when Tesla's stock tanks

[–] comador@lemmy.world 24 points 15 hours ago (2 children)

I did nazi that one coming...

[–] blakenong@lemmings.world 4 points 14 hours ago
[–] untakenusername@sh.itjust.works 2 points 13 hours ago

c/angryupvote material right here

[–] MuskyMelon@lemmy.world 2 points 8 hours ago

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

[–] aesthelete@lemmy.world 4 points 10 hours ago

Maybe you could just make like a tree and leave?

[–] jaybone@lemmy.zip 3 points 10 hours 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.

[–] blakenong@lemmings.world 10 points 14 hours ago (2 children)

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

[–] Ghostalmedia@lemmy.world 7 points 12 hours 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.

[–] blakenong@lemmings.world 1 points 11 hours ago

That makes sense.

[–] Tinidril@midwest.social 2 points 13 hours ago (2 children)

I'm really interested in Aptera if they can get it to production. It's probably more of a nitche vehicle, but I could see it fitting the needs of a lot of people.

[–] ramenshaman@lemmy.world 1 points 11 hours ago (1 children)

They're so close 😭 I've been watching every update video they've posted, I can't wait

Also, it's niche*

[–] blakenong@lemmings.world 0 points 11 hours ago

I prefer a nitche vehicle. More pragmatic.

[–] RisingSwell@lemmy.dbzer0.com 1 points 13 hours ago

If the apterra comes to Australia with what I heard it's price to be ages ago (25k USD) I might just sell my sports car for it.

[–] Jaysyn@lemmy.world 14 points 15 hours ago (1 children)

Well, someone sure is propping up his fascist memestock.

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[–] demizerone@lemmy.world 1 points 8 hours ago

He's and the board are going to sell sell sell. It's done.

[–] elgordino@fedia.io 6 points 14 hours ago

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

[–] ninjabard@lemmy.world 2 points 12 hours 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.

[–] aramis87@fedia.io 1 points 11 hours ago

Unfortunately, his narcissism won't stand for him fading into obscurity :(

[–] atzanteol@sh.itjust.works 3 points 14 hours ago

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

[–] Brkdncr@lemmy.world 2 points 13 hours ago (1 children)

If he were to divest/step down people would stop hating the company.

[–] aramis87@fedia.io 5 points 11 hours ago

The board has condoned both him and his antics, and you'll never be able to trust a replacement board. The company is irredeemable.

[–] x00z@lemmy.world 1 points 12 hours ago

His shareholders must be all over him.

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