KEY POINTS

  • Tesla missed on the top and bottom lines in its first-quarter earnings report.
  • Automotive revenue plunged 20% from a year earlier.
  • The stock, down 41% so far this year, was little changed in extended trading.

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[–] 171 points 1 year ago (14 children)

Only 20%? We can go so much lower!

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  • [–] 45 points 1 year ago (4 children)

    Yeah for real, wtf? Is the offset due to all of the pro Elon people or rich people buying them?

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  • [–] 27 points 1 year ago (6 children)

    Haha I love that we all thought the same thing.

    The Nazi salute by Musk didn't sink this company?

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  • [–] 53 points 1 year ago (2 children)

    I mean... if Trump can mock a disabled person and publicly brag about sexually assaulting women, then play right out of Hitler's playbook, be impeached twice, and still be elected again, who knows?

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  • [–] 16 points 1 year ago

    Even if musk resigns from the doge Nazi bullshit, this fascist has shown his true colours.

    Tesla can eat shit and go tits up. Fuck Tesla and fuck the share holders! I look at the current crop of shareholders as greedy Nazis.

    Bankrupt musk.

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    [–] 113 points 1 year ago (13 children)

    I find it hilarious that most media outlets blame the fall on Leon not being present at Tesla, when it’s his very existence that has caused things to plummet. The last thing he should do is return to Tesla. The board should fire his ass and try to rebuild what’s left of the brand.

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  • [–] 44 points 1 year ago (2 children)

    The board is his brother and a bunch of conservatives. He hand picked them.

    They ain't firing anyone.

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  • [–] 49 points 1 year ago* (8 children)

    Tesla is never going to recover from the Musk effect. They have to convince Musk to fully divest to slowly convince would-be buyers that they won't give their money to an ultra-billionnaire neo-Nazi when they buy a Tesla vehicle.

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  • [–] 32 points 1 year ago (7 children)

    They won't survive without musk. They're a hype company.

    They have decent infrastructure, but the car brand is as good as dead.

    They'll sell their charging infrastructure to ExxonMobil or something before 2028.

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  • [–] 38 points 1 year ago (1 child)
  • [–] 34 points 1 year ago (2 children)

    Is that why he just lied about Tesla having cars that will deliver themselves? More insider trading?

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    [–] 25 points 1 year ago

    Elon had to stop the regulatory investigations into him. He had to keep himself out of jail. We wanted to secure more government contracts to tower projects.

    Tesla was a means to an end for Elon, and Elon doesn't care at all about anyone except himself.

    And Elon took care of anyone in the government who could enforce the rules that were supposed to enforce procedures with stock and loans.

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  • [–] 25 points 1 year ago (2 children)

    Tesla stock was at $144 a year ago and is at $253 today. 5 years ago it was at $47. With income at $0.12 per share it is not like any of those are even close to reality. However they are what needs to fall to kill the Elon.

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    [–] 20 points 1 year ago (1 child)

    And yet the stock is up in after hours trading. So fucking dumb

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  • [–] 9 points 1 year ago

    This result has probably been priced in since it hit the current floor in March. The bump after the report is likely because there were no bombshells in it. They're saying they're still on track for all the vaporware that the valuation is based on. It will drop again when they're inevitably delayed and it becomes clear the robots and AI taxis aren't revolutionary but just exactly what other companies already beat them to.

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  • [–] 18 points 1 year ago
    [–] 14 points 1 year ago (7 children)

    Isn't most of Tesla made in countries other than the US?

    Tariffs are going to hit bad

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    [–] 14 points 1 year ago

    "Trump was right about everything"

    Nice hat fElon, you fucking moron

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  • [–] 13 points 1 year ago (1 child)
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    [–] 11 points 1 year ago (2 children)

    Nobody wants an S that's been basically unchanged for a decade?

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    [–] 11 points 1 year ago

    Let it burn! You get what you deserve.

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  • [–] 7 points 1 year ago (3 children)

    Surprised it's only 20%. Who the f is buying it.

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