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.
  • @[email protected]
    32•8 days 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
      13•8 days ago

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

    • @[email protected]
      2•7 days 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…

      • gdbjr
        4•7 days ago

        Ha. Musk doing design work is hilarious.

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

      • fafferlicious
        3•7 days 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.

        • @[email protected]
          2•7 days 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…