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- cross-posted to:
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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.
He does that all the time. He never built anything on its own. He stole them from others and sold them as his own inventions.
No no no, he also bullied people into working 14 hours days to build things that he wanted. Gotta give him credit for that at least.