Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.

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.
  • MrMakabar@slrpnk.netEnglish
    17·
    11 hours ago

    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.

  • rauls4@lemm.ee
    96·
    23 hours ago

    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.

  • tacosanonymous@lemm.ee
    32·
    20 hours ago

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

    • Phoenixz@lemmy.ca
      23·
      18 hours ago

      Nah, more musk lies, he does this every single event, has been lying about everything for the past decade. It’s normal

    • VitoRoblesEnglish
      27·
      1 day ago

      Haha I love that we all thought the same thing.

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

      • PattyMcB@lemmy.world
        52·
        1 day ago

        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?

      • Mbourgon everywhere@lemmy.world
        15·
        23 hours ago

        Probably. The right isn’t going to go electric, not with Trump badmouthing them still. And the left is never touching that brand again.

      • wirebeads@lemmy.caEnglish
        16·
        1 day 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.

      • 9point6@lemmy.world
        11·
        1 day ago

        If you look at the TSLA stock, it’s now roughly where it was 4 years ago.

        It’s sinking, don’t you worry

  • ExtremeDullard@lemmy.sdf.org
    51·
    1 day ago

    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.

    • foggy@lemmy.world
      32·
      1 day ago

      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.

      • Optional@lemmy.world
        13·
        20 hours ago

        Well that was a foregone conclusion when he fired the charging infrastructure team after snorting some bad ket.

      • ByteJunk@lemmy.world
        26·
        4 hours ago

        While I hate the guy with a passion, I think you’re underestimating Musk.

        He has enough charisma and can-do mentality that, if he shuts up with his most blatant political bullshit and actually focuses on making better cars, Tesla will continue to grow massively.

        Like, if he goes to work on designing a few new models that fix the flaws in current Teslas, and adds an actual pickup to the lineup while pivoting the cyber truck to a limited-edition “meme” vehicle, they’ll be pumping out cars like crazy.

        Edit: y’all seem to have amnesia and forget that, before his coming out as a nazi scumbag, a few years back there was no shortage of people ready to hail him as the second coming of Jesus…

        • fafferlicious@lemmy.world
          2·
          4 hours ago

          I think you’re underestimating how much he has ruined this company and his reputation. I dreamt of owning a Tesla long ago. Now, there is nothing he can do that will make me reconsider purchasing a Tesla.

          Even if he leaves the company, I will not buy one. Even if he fully divests from Tesla, I will not buy one.

          • ByteJunk@lemmy.world
            2·
            3 hours ago

            I’m in the exact same boat, I considered buying a Tesla in a distant past, but the quality issues held me back. Dodged a bullet there, won’t touch one with a 10 foot pole to save my life now.

            But there’s many out there who don’t care or have short memories, and the richest man in the world can sure as hell afford all the PR he needs to wash away all the dirt, if he shuts up and goes back to running companies…

            My guess is Tesla will have grown their revenue by this time next year. Or you could be right and it goes up in flames, guess we’ll find out at some point…

        • gdbjr@lemmy.world
          2·
          5 hours ago

          Ha. Musk doing design work is hilarious.

          I am picturing a crayon drawing on the back of a hooters napkin.

          • ByteJunk@lemmy.world
            1·
            4 hours ago

            Musk was heavily involved in the designs of the roadster and model S. Believe it if you want.

  • BigMikeInAustin@lemmy.worldEnglish
    25·
    1 day 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.

    • hobovision@lemm.ee
      10·
      23 hours 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.

    • NotMyOldRedditName@lemmy.world
      4·
      14 hours ago

      Tealas are the most American made car multiple years running.

      On the earnings call they said something like 85% of the parts also come from North America which is far greater than other OEMs.

    • thanksforallthefish@literature.cafe
      2·
      14 hours ago

      Quite the opposite

      https://eu.usatoday.com/story/money/2025/03/31/top-10-most-american-cars/82739892007/

      https://www.forbes.com/sites/jimgorzelany/2023/06/21/all-four-tesla-models-are-ranked-as-the-most-american-vehicles-for-2023/

      “All cars source at least some parts internationally, but some are more “American” than others. Cars.com’s American-Made Index ranks the “most American” cars and one brand has topped the list consistently for the last several years: Tesla.”

      • MrNesser@lemmy.world
        2·
        12 hours ago

        That is an actual suprise I would have assumed most of the tech was built overseas and shipped.

        • NotMyOldRedditName@lemmy.world
          2·
          4 hours ago

          The story goes that when Tesla was new, no one wanted to work with them since new auto companies generally fail, and it was EVs at that. Additionally, there wasn’t a supply chain to support EVs either.

          So in addition to setting up new supply chains (which did involve overseas stuff) they ended up making a lot of their own things, becoming very vertically integrated from the start. That learning to support themselves has persisted ever since.

          They were always pretty focused on keeping the supply chain as local as possible as that reduces all the shipping costs. There are actually parts you could buy overseas for $X but when you look at the life cycle of that object it’s actually gone around the world many times before it becomes what you want. You can save a lot of money if you find a way to avoid that. That could for example involve finding a raw material company locally, and then convincing a local manufacturing company to build this new thing for you using raw materials from the other local company. It’s not simply oh we just find someone already making this existing thing in USA instead of China (but it can be that too), it’s actually putting the supply chain and manufacturing capacity together so it becomes local.

          It’s probably one of the biggest reasons why they make more money on their EVs than others.

          They’ve literally built a lithium refining facility as an example of the level of vertical integration they have. They plan to extract their own lithium in the future (they own land in Nevada with it), refine it themselves (this year), they build their own cathode, and put it into their own battery cells.

    • bitchkat@lemmy.worldEnglish
      10·
      24 hours ago

      All vehicles sold in North America are assembled in Fremont CA or Austin TX. But they still pay tariffs on components they import.