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.

  • cley_faye@lemmy.world
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    18 minutes ago

    Here’s a plan : leave the engineers do their work, stop interfering with innovation, and just shut the fuck up. Not sure it would save tesla, but it would get a fighting chance.

    • Camelbeard@lemmy.world
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      22 seconds ago

      Also don’t promise stuff you just can’t deliver on. Like how a Tesla would be full self driving in 2014 but next year, or that amazing truck that would be the end game for every company moving stuff, or the new roadster from 2017

  • altphoto@lemmy.today
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    1 hour ago

    He hasn’t shot any migrants from his window in the morning. Maybe shoot migrants from your window? I don’t known, that’s the part I remember most about Schindler’s list.

    That could boost sales right?

  • MuskyMelon@lemmy.world
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    1 hour ago

    Bet he regrets stopping people from burning down Tesla stores now cause he was claiming insurance for those.

  • Bytemeister@lemmy.world
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    4 hours ago

    Step down from Doge, open the files and lay bare this administration.

    Offer to buyback every single Cybertruck.

    Appoint a board of directors elected by Tesla employees, with representatives from each department to manage the long term goals and policy of Tesla.

    Make a low cost, highly configurable electric car. Essentially an electric 90’s Civic.

    Or better yet. Pay me 500 million a year and I’ll do all of this for you.

  • DBT@lemmy.world
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    5 hours ago

    Tesla doesn’t need him to refocus, the damage is done. He fucked it all up trying to impress everyone at 4 chan with his nazi salutes, deal with it chainsaw performance, firing thousands of people nonchalant, etc.

    As long as he’s tied to the brand in any way it’s cooked.

    • Tramort@programming.dev
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      4 hours ago

      But he looked cool wearing the cheese head before he fucked up his attempt to corrupt the Wisconsin judiciary, right?

  • jaybone@lemmy.zip
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    3 hours ago

    I’m sure Tesla gets an exemption from those battery cell tariffs.

    How much that affects product price and influences consumers and the stock price is another question.

  • Ghostalmedia@lemmy.world
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    5 hours ago

    There is one very easy way to save Telsa. Musk needs leave and divest. The company can’t have anything to do with him anymore.

    • Wispy2891@lemmy.world
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      3 hours ago

      Well that’s guaranteed bankruptcy.

      He owns 20% of an extremely overvalued meme stock (market capitalization of Tesla = almost all top 10 car manufacturers COMBINED), if he dumps them, then everyone will get margin called

      And any other CEO would not be able to pump the meme stock telling the “self driving in 6 month” lie for years and years without being indicted for stock manipulation

  • ExtremeDullard@lemmy.sdf.org
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    7 hours ago

    There are other, indirect ways to hurt Tesla.

    For example, when I call a cab, I tell the dispatcher I don’t want to ride in a Tesla taxi. And one dispatcher a few weeks ago told me I wasn’t the only one requesting that.

  • Zaktor@sopuli.xyz
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    6 hours ago

    Elon was never the guy who made Tesla work. He’s just a rich guy who bought it and then had to be insulated from running it because his ideas suck.

      • zurohki@aussie.zone
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        2 hours ago

        IIRC one of the big issues with Twitter was it didn’t have anything set up to insulate the business from Musk’s idiot whims.

    • ExtremeDullard@lemmy.sdf.org
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      7 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.xyz
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        6 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.