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.

  • TheDemonBuer@lemmy.world
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    2 hours ago

    Tesla cannot be saved until and unless Musk sells his share of the company and completely divorces himself from it. Even that may not be enough, as the brand is so closely associated with Musk that his stain may not wash off, but it’s their only chance.

    • EstonianGuy@lemm.ee
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      39 minutes ago

      It will, it just takes a lot of years. Lets not forget that Hugo Boss and Volkswagen were nazi germany companies.

      They’re still quite popular even though one made military uniforms and the other vehicles.

      • FuglyDuck@lemmy.world
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        2 minutes ago

        And that can really only begin with his departure from the company. And his divestment.

        A lot of people are going after Tesla because he owns a shit load of it and we want to bury him- not because we particularly care about Tesla.

        Once he’s gone from the company, then they can rebuild, it eh…. He has to leave first.

  • RestrictedAccount@lemmy.world
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    3 hours ago

    One thing that must be made clear to casual observers is that the Tesla stock price is still batshit crazy high.

    The logic to support the price is:

    Your are not buying the current company, you are buying the cool stuff Elon is making in the future.

    Without that leap of faith, the price has to collapse. There is no way an electric car company will ever support even the current stock price.

    There will be a tremendous amount of copium ingested before gravity hits, but the bigger fool theory will have its way.

    • Corkyskog@sh.itjust.works
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      33 minutes ago

      I wonder how many people have gone broke trying to short Tesla. It just doesn’t make sense, but apparently the market has an infinite ability to be irrational.

  • melsaskca@lemmy.ca
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    2 hours ago

    Even if one of his ideas were to apologize for the nazi salute I think the “saving Tesla” ship has sailed.

    • IphtashuFitz@lemmy.world
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      3 hours ago

      Way too late for that. Too many potential customers will now never buy a Tesla as long as he’s associated with the brand in any way. About the only option he has to try to save the brand is to sever all ties with the company and walk away. But his ego will never allow that.

      • piecat@lemmy.world
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        2 hours ago

        I would buy a tesla, but only if they fire/disown musk, undo every trace of him, and do a complete 180 politically. Oh and make the cars suck way less.

        • IphtashuFitz@lemmy.world
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          2 hours ago

          Even in a very optimistic timeline it would take years for Tesla cars to suck less. I don’t think Tesla has that kind of time any more, now that there’s growing competition from big automakers like Honda & Toyota as well as Hyundai, Volkswagen, etc. and all the other EV companies like Rivian.

          Those established automakers have a long history of innovating & listening to customers. As their expansion into the EV market grows, they’re going to put a lot of pressure on Tesla to innovate as well, and that doesn’t mean bowing to whatever whims the CEO has.

  • pyre@lemmy.world
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    4 hours ago

    things really went to shit when he mimicked hitler. maybe in order to reverse it he needs to mimick hitler again. now what did he do to get out of the mess he created for himself?

  • EndlessNightmare@reddthat.com
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    5 hours ago

    All he had to do was shut his fucking mouth. Tesla sells a competitively-price product and has a strong moat with their charging network. He is snatching defeat from the jaws of victory, all because he doesn’t know how to STFU.

  • cley_faye@lemmy.world
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    6 hours 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.

    • Raltoid@lemmy.world
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      4 hours ago

      That’s how they became so big in the first place.

      I honestly think there’s going to be a mockumentary about him eventually. The alleged stories are straight out of a sitcom. With his PA distracting him from engineers doing important work, giving him fake people to fire when he got in one of his moods, keeping his wild antics away from social media, etc.

      Then she asked for a raise and he fired her, afterwards he unraveled.

    • Mateoto@lemmy.world
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      6 hours ago

      Let Tesla fail and Musk too. You don’t want to save Tesla as long as the fascist Musk profits from it. Let all his companies fail.

    • Camelbeard@lemmy.world
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      6 hours 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

  • DBT@lemmy.world
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    11 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.

  • Bytemeister@lemmy.world
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    10 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.

  • altphoto@lemmy.today
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    7 hours 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?

  • ExtremeDullard@lemmy.sdf.org
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    12 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.