- cross-posted to:
- BoycottUnitedStates@europe.pub
- cross-posted to:
- BoycottUnitedStates@europe.pub
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.
The first disassembly line to recover the materials from the swastidumpter. Ha ha!
Nah, I would have the company buy them all back, repair and rebuild them with better parts. In 10 years they’ll be legendary like Deloreans, then quietly open up orders for them.
It’s a win-win. People who want out of the truck now get their money back. The company and die-hard CT fans make a killing when these things become somewhat rare and collectible.