Elon Musk Is Running Out Of Ideas To Save Tesla
www.forbes.com
He's dialing down his DOGE role but Tesla needs a new hit EV and none is on the horizon. And the company’s booming battery business will suffer from Trump’s tariffs.

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.

    • ExtremeDullard@lemmy.sdf.org
      45·
      16 hours ago

      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.xyzEnglish
        34·
        16 hours ago

        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.