Yesterday evening, Tesla reported first-quarter earnings for 2025, and they were abysmal: Profits dropped 71% from the same time last year.

Musk sounded bitter on the call with investors that followed, blaming the company’s misfortune on protesters who have raged at Tesla dealerships around the world over his role running DOGE and his ardent support of far-right politicians.

“The protests that you’ll see out there, they’re very organized. They’re paid for,” he said, without evidence.

Non-paywall link

  • ryrybang@lemmy.world
    link
    fedilink
    arrow-up
    245
    ·
    edit-2
    25 天前

    He should be totally overjoyed, not bitter.

    The current stock price, despite YTD of -36%, is still way over any kind of realistic valuation. And by that I mean orders of magnitude off.

    Price to earnings makes it still look like a very, very, very hopeful/optimistic startup in the development phase, rather than a withering, fake luxury, niche automaker facing boycotts and being “run” by a full-blown Nazi that everyone hates.

    If you still own Tesla shares, get the fuck out of it now. The recent collapse is nothing.

      • mosiacmango@lemm.ee
        link
        fedilink
        arrow-up
        17
        ·
        25 天前

        Based on him saying he was leaving the deeply unpopular and public slashing of the federal government.

        The market seriously thinks Tesla will be selling well again when hes not wearing MAGA hats so publicly.

    • BedSharkPal@lemmy.ca
      link
      fedilink
      arrow-up
      12
      ·
      25 天前

      The problem is it’s in the S & P 500 and a lot of ETFs have it packaged in as a result. If pensions find managers start dropping TSLA…

    • Minnels@lemm.ee
      link
      fedilink
      arrow-up
      10
      ·
      25 天前

      I read that hedgefunds use Tesla as colatteral and can’t let it go down much more. Don’t know if true but pretty interesting. If enough people sell they can’t keep the price up and fun times will begin which I hope for.

    • The current stock price, despite YTD of -36%, is still way over any kind of realistic valuation. And by that I mean orders of magnitude off.

      It is a stock only in the name. For all intents and purposes, it is a crypto memecoin.

    • adarza@lemmy.ca
      link
      fedilink
      English
      arrow-up
      6
      ·
      edit-2
      25 天前

      if tsla dropped 71% (more) like its profits have, it would still way over

    • CharlesDarwin@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      24 天前

      Agreed. Their P/E ratio is still in dreamland. Look at the P/E ratio of any other car company and compare to this dumpster fire of a company.

      People like fElon say they aren’t like other car companies; they are a “technology” company. I say that’s bullshit.

  • partial_accumen@lemmy.world
    link
    fedilink
    arrow-up
    213
    ·
    25 天前

    “The protests that you’ll see out there, they’re very organized. They’re paid for,” he said, without evidence.

    No. When you do a double seig-heil on national television we protest for free.

    • Eruanna@midwest.social
      link
      fedilink
      English
      arrow-up
      9
      ·
      25 天前

      The ones I’ve been to have been the least organized protests I’ve seen. There was no announcement on www.mobilize.us, people just showed up on Saturdays at 12. I couldn’t actually find any organizers, there weren’t anyone with mega phones or anything. I wanted to thank them, but it looks like it was largly just people having the same idea.

    • PlexSheep@infosec.pub
      link
      fedilink
      arrow-up
      2
      ·
      edit-2
      24 天前

      You have a typo in your Nazigruß. I’m not going to correct it because I don’t want to write out those dirty words.

  • MagicShel@lemmy.zip
    link
    fedilink
    English
    arrow-up
    83
    ·
    25 天前

    You can bullshit the American people that they are paid protestors, but if any of his investors buy that line of bullshit, they deserve to lose all their money.

    • tburkhol@lemmy.world
      link
      fedilink
      arrow-up
      19
      ·
      25 天前

      TSLA is around 1.5% of broad market index funds, like S&P 500, so if you’ve taken the general advice to put your 401k or other savings into index funds, you own TSLA.

      • MagicShel@lemmy.zip
        link
        fedilink
        English
        arrow-up
        14
        ·
        25 天前

        People with $3500 of TSLA aren’t really who I’m talking about here. You have a technical point, but it’s not really what I was getting at.

      • CosmicTurtle0@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        7
        ·
        25 天前

        I haven’t checked yet but I spent my evening last night completely rebalancing my 401k and IRA to international stocks and municipal bonds.

        If all goes well, my 401k should be executed by now. My IRA I have to do myself but that should be done tomorrow.

    • NeilBrü@lemmy.world
      link
      fedilink
      arrow-up
      2
      ·
      edit-2
      25 天前

      Are there any ETFs that I can put money into that short Tesla for mentally handicapped retail investors like me? For example, inverse REITs are an easy way to short the housing market.

      • skip0110@lemm.ee
        link
        fedilink
        English
        arrow-up
        3
        ·
        25 天前

        TSLQ

        But, I don’t think it’s smart. Holding this for more than a day or two is irresponsible. You capture more risk on the up days then you will gain on the down days of the underlying ticker.

        Instead, invest in a business you expect to grow. Just ignore the failing ones.

  • rodneylives@lemmy.world
    link
    fedilink
    arrow-up
    46
    ·
    25 天前

    It is a mistake to lead off with “here’s the thing about Elon Musk,” because there’s LOADS of things with Musk, but in particular. Let’s set aside how ludicrous it is to claim that the protesters are being funded by some outside source, because sure that’s worked in the past, and of course it’s the Democrats, those notably cash-positive people, who are doing it.

    Elon Musk is THE RICHEST MAN IN THE WORLD. If anyone could beat a theoretical money-backed protest against him, it would be him. Just offer to beat the offer of anyone funding the protesters. That’s it! If they’re only in it for the money then the protest would fold immediately.

    More than that, Musk has literally paid people to vote in his favor in the Wisconsin Supreme Court race! The levels of hypocrisy are so staggeringly great that it risks materializing actual hippopotamuses on his properties.

  • Grizzlyboy@lemm.ee
    link
    fedilink
    English
    arrow-up
    46
    ·
    24 天前

    The world would be better without you, Elon. And you’re such a sad little shit you’re probably reading these comments hoping someone will like you.

      • genevieve
        link
        fedilink
        English
        arrow-up
        8
        ·
        edit-2
        24 天前

        as someone who will definitely be sorry if elon kills himself i would really like elon to kill himself just to prove that i indeed will be sorry

        • Sturgist@lemmy.ca
          link
          fedilink
          arrow-up
          2
          ·
          24 天前

          I’m not in school anymore…but I feel like Elon killing homework would have been widely applauded by students everywhere…

            • Sturgist@lemmy.ca
              link
              fedilink
              arrow-up
              2
              ·
              24 天前

              I hope I can get your support in my personal life mission? I’m on a cerebral crusade of minds…I put a lot of personal effort into getting people to join me in calling it what it is…

              Autoassume!

    • Necroscope0@lemm.ee
      link
      fedilink
      English
      arrow-up
      7
      ·
      24 天前

      Still over here hoping his penis pump explodes and burns him to death from the dick up.

  • peregrin5@lemm.ee
    link
    fedilink
    English
    arrow-up
    43
    ·
    edit-2
    25 天前

    Bruh, don’t do shit that causes protests then.

    This guy was a liberal environmentalist sweetheart and then he decided he was going to say fuck you to his main customer base and throw his ilk in with Trump. This is all on you Musky-boy.

  • arc@lemm.ee
    link
    fedilink
    arrow-up
    38
    ·
    25 天前

    Worth bearing in mind that EV sales increased something like 24% in Europe from last year, so Tesla (lack of) sales have to be adjusted for that. Even if the number of cars they sold had remained static it would still be troubling.

    • genevieve
      link
      fedilink
      English
      arrow-up
      11
      ·
      24 天前

      europe has so many ev’s that cheaper than tesla and with better build quality and service than tesla

      and 100% less naziism

      • Initiateofthevoid@lemmy.dbzer0.com
        link
        fedilink
        English
        arrow-up
        4
        ·
        24 天前

        and 100% less naziism

        For whatever reason this sparked a whole bunch of nonsense in my brain like “100% nazi-free chicken!”

        And “should I drink skim milk or 2% Nazi milk?”

        or “buy the new German EV, it’s got 50% less nazi than our leading competitors!”

        Thanks for that brainwave

  • boreengreen@lemm.ee
    link
    fedilink
    arrow-up
    28
    ·
    25 天前

    Maybe he should spearhead a supertruck or an xcar project to save the company. Wow those xonsumers with a jetson car theme or something. Cheaply built but somehow luxury segment. It’s Idiot proof!

  • barneypiccolo@lemm.ee
    link
    fedilink
    English
    arrow-up
    27
    ·
    25 天前

    We haven’t heard much from him over the past few weeks, and now we get this earnings call, and it is far worse than expected. He’s known this was coming, and has been laying low, probably hoping things will improve some before making what he knows will be a disastrous earnings call. Its the equivalent of watching your diet 3 days before a doctor’s appointment, hoping your weight gain and cholesterol increase won’t be as bad as you know it is.

    Also, it’s a safe bet that his board of directors is livid, and that he has been ordered by his board to get back to work, or be removed as CEO of Tesla.

    There is almost certainly a shareholder class-action suit brewing over his reckless and irresponsible behavior over the last several months, which has directly caused severe, and probably irreparable damage to the company’s brand image AND it’s sales around the world, as well as tanking the stock price, an unforgiveable sin in the investing world. Now that the bubble has popped, it will never inflate again. As future earnings reports are released, and sales continue to slide, the stock will continue to decline, and the cycle will continue until bankruptcy. And it is all traceable to Skum’s self-indulgent, egotistical behavior.

    The only question is will Skum be the only defendant, or will the lawsuit also name the individual members of the board, for not reigning him in, or firing him. They don’t want to be sued alongside him, so they are forcing him to get back to work saving Tesla, thus letting them off the hook for legal liability.

    Its doubtful Skum will be able to save Tesla at this point, its almost certainly too late. It is also probably too late to avoid a shareholder lawsuit. Investors have lost millions of dollars, not due to the vagaries of the market, but due to Skum’s outrageous behavior, like throwing up celebratory Nazi salutes on national TV, which, as CEO, he should have realized would damage his company and its investors significantly.

    And arguing that he didn’t recognize the danger in advance is no excuse at all for a CEO, who should have been able to predict the response to his self-indulgent ego bender.

    Shareholders have lost many millions, and they won’t just let that go with an “Oh well.” He’s likely going to get sued, and the board is just making sure they don’t go down with him.

    • Zink@programming.dev
      link
      fedilink
      arrow-up
      7
      ·
      24 天前

      Investors have lost millions of dollars, not due to the vagaries of the market, but due to Skum’s outrageous behavior, like throwing up celebratory Nazi salutes on national TV

      They lost millions, you say? I took a look and since Nazi Salute Day the value of Tesla has dropped on the order 500,000 million dollars.

    • ThomasCrappersGhost@feddit.uk
      link
      fedilink
      English
      arrow-up
      2
      ·
      24 天前

      If you were a left wing investor, why would you invest in a company fronted by a right wing person?

      If you weren’t bothered by that, why would you invest in an over valued, over hyped, badly managed company?

      • pyre@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        edit-2
        24 天前

        not about being left wing. the right wing came up with “alt-right” for a reason. they knew the nazi shit is toxic. there’s no doubt that his sig heil played a major role in regular or otherwise indifferent people to really feel icky about him. the shit he did with doge didn’t help of course.

        investors care about money. it’s easy to see the sig heil was the beginning of the freefall. even if you’re a nazi you should know that’s not a thing to do. so this is not about the political views of the investors at all.

        • ThomasCrappersGhost@feddit.uk
          link
          fedilink
          English
          arrow-up
          1
          ·
          24 天前

          Ok. It would have been better to say if you were bothered by his views, his actions at Twitter, and DOGE. I just tried to put it simply.

          I also wasn’t meaning to take away from what you said in any way.

          • pyre@lemmy.world
            link
            fedilink
            arrow-up
            1
            ·
            24 天前

            I mean I can’t imagine being in an investor call where this guy is just crying about organized protests and making excuses and not thinking “yeah even if this is all paid, it all started because you sig heiled twice on national television you fucking idiot”… but I guess people are willing to hold their tongue when the dumbest, most unlikeable person alive is also the richest.

            • ThomasCrappersGhost@feddit.uk
              link
              fedilink
              English
              arrow-up
              2
              ·
              24 天前

              It’s equally possible that all these people are as dumb as he is.

              I read a comment a couple of week back by someone who heavily bought into Musk being a genius and Tesla being amazing, I could imagine that being my first introduction to Musk and maybe thinking “hey I should give this guy all my money”, but fortunately I’m not that daft.