this post was submitted on 23 Apr 2025
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Economics

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Key Points

  • Tesla's Q1 2025 earnings showed a 71% drop in net income and a 9% decline in revenue.
  • Elon Musk attributed some of Tesla's struggles to "rapidly evolving trade policy" and "changing political sentiment."
  • Analysts express concerns about near-term uncertainty for Tesla, linking the company's future to Musk's involvement with the White House.
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[–] Not_mikey@lemmy.dbzer0.com 15 points 2 days ago

And there stocks price went up 7% today ...

If anyone still needs proof that financial speculation and stock valuations are as real as fairies, here you go.

[–] givesomefucks@lemmy.world 35 points 2 days ago (1 children)

Elon Musk attributed some of Tesla’s struggles to “rapidly evolving trade policy” and “changing political sentiment.”

Considering how much he paid to get trump in office...

I feel like both those problems are things Elmo is personally responsible for

[–] pennomi@lemmy.world 7 points 2 days ago (1 children)

The public political sentiment never changed, Elon just decided to openly choose fascism. This is peak victim blaming.

[–] P00ptart@lemmy.world 2 points 2 days ago (1 children)

Are you saying Elon is a victim?

[–] pennomi@lemmy.world 4 points 2 days ago (1 children)

No, Elon saying “changing political sentiment” as the reason Tesla is failing is victim blaming. He basically slapped us in the face and then told us that it’s OUR fault we won’t buy his cars any more.

[–] P00ptart@lemmy.world 3 points 2 days ago (1 children)

Ok, thanks for the clarification lol. I read that in a way that was like, alright even Elon would have a hard time convincing himself of this. My bad.

[–] pennomi@lemmy.world 2 points 2 days ago

All good, there’s never a problem with asking a clarifying question!

[–] WoodScientist@sh.itjust.works 24 points 2 days ago (1 children)

If you but a Tesla, you are a Nazi collaborator.

[–] Septimaeus@infosec.pub 1 points 1 day ago* (last edited 1 day ago)

Technically correct. The best kind of correct.

But to clarify, the stigma doesn’t/shouldn’t extend to people with Teslas from the early days. If you happen to already own an old Tesla, don’t worry about it. You’ve suffered enough misfortune on account of that choice already.

I say this because I’ve seen few old ones around here with all the branding scraped off, and even saw these hubcaps dumped by a bin in a nearby public park late at night as if the Tesla owner didn’t want their neighbors to see:

tesla hubcaps dumped on the ground beside trash bin at Riverside Park close up showing logo of tesla hubcaps dumped on the ground beside trash bin at Riverside Park

If this is you, I just want to remind you that reasonable people can draw a distinction between EV early-adopters and the current Elon stans/nazis. Your old Tesla doesn’t make everyone think you’re a racist or whatever. So you don’t have to damage the resale value of your car [further than Elon has] just to convey your principles, and you don’t need to feel bad about supporting that company before everyone realized the CEO was such a douche canoe.

At the very least, I’m not judging you, and you won’t get keyed on my block.

Edit: but if you purchase one now, I am judging you, and not just your integrity but your mental acuity as well.

[–] grue@lemmy.world 20 points 2 days ago (1 children)

9% decline in revenue.

Those are rookie numbers. We gotta pump those numbers up!

Seriously though, we need to be forcing a 71% drop in gross revenue, not just profit. A 71% drop in profit is not the same as a loss.

[–] TonyTonyChopper@mander.xyz 5 points 2 days ago

They were in the red for years. Would be cool to see losses in the billions.

[–] Zier@fedia.io 15 points 2 days ago

Bullying the bullies works. Keep it up!

[–] Wazowski@lemmy.world 10 points 2 days ago (1 children)

Remember: it is your patriotic duty to vandalize Teslas.

[–] P00ptart@lemmy.world 1 points 2 days ago

When can we start vandalizing Tesla owners? 6 months? That should be fair right? If they bought a $100k + car, they should have the financial freedom to get rid of it by now, right? I'm done with the bumper stickers. That doesn't save you anymore.

[–] SpruceBringsteen@lemmy.world 9 points 2 days ago (1 children)

How much off their profit is tax credit related?

[–] tux@feddit.it 12 points 2 days ago (1 children)

If I read well, more than 100% of the profit was tax rebates, i.e. without government subsidies they would have lost money

[–] BeNotAfraid@lemmy.world 5 points 2 days ago

Let's just kill them. That is the only way we take this back.

[–] homesweethomeMrL@lemmy.world 2 points 2 days ago

As a special government employee, Musk has 130 days per calendar year to work for the federal government. That window is set to expire in late May.

I love the taste of schadenfreude in the morning <Chef's kiss>