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.
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.
The insulation had to happen with spacex and paypal too btw… This guy is not really good.
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.