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tfm@europe.pub

Elon Musk is running out of ideas to save Tesla (www.forbes.com)

submitted 2 months ago by tfm@europe.pub to c/BoycottUnitedStates@europe.pub

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cross-posted from: https://lemmy.world/post/28715622

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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[–] tfm@europe.pub 13 points 2 months ago

They're also getting crushed by the competition