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+--- Thread: Tesla profits drop 71% (/showthread.php?tid=295960)
Tesla profits drop 71% - Ombligo - 04-22-2025
Tesla reported $409 million in net income on $19.3 billion in revenue after delivering almost 337,000 EVs in the first quarter of the year.
The company’s net income reflects a 71% drop from the same quarter last year. It was the worst quarter for Tesla deliveries in more than two years and came on the heels of the company’s first-ever year-to-year drop in sales. Tesla’s income was buffered by selling $595 million in zero-emissions tax credits, according to its earnings report — without those, it would have posted a loss.
https://techcrunch.com/2025/04/22/tesla-profits-drop-71-on-weak-sales-and-anti-elon-musk-sentiment/
Musk is saying he will drastically reduce his DOGE time and focus on the carmaker beginning in May.
Re: Tesla profits drop 71% - special - 04-22-2025
he insulted our senators and astronauts; he defunded many essential government agencies such as VAs and now he's surprised people don't like him?
Re: Tesla profits drop 71% - Carnos Jax - 04-22-2025
Idiot
Re: Tesla profits drop 71% - Carnos Jax - 04-22-2025
Yet stock is up after hours.....go figure. Just like Apple, up on bad news, down on good news.
Re: Tesla profits drop 71% - jonny - 04-22-2025
The market seems to think that Musk spending more time at Tesla is going to be good for business.
Fools.
Re: Tesla profits drop 71% - Tiangou - 04-22-2025
special wrote:
he insulted our senators and astronauts; he defunded many essential government agencies such as VAs and now he's surprised people don't like him?
Why do people leave out the racism, misogyny, and promotion of Nazi ideology and imagery?
Re: Tesla profits drop 71% - NewtonMP2100 - 04-22-2025
.....forget that......when is his next child coming......
Re: Tesla profits drop 71% - chopper - 04-22-2025
BUY!
Re: Tesla profits drop 71% - special - 04-22-2025
Tiangou wrote:
[quote=special]
he insulted our senators and astronauts; he defunded many essential government agencies such as VAs and now he's surprised people don't like him?
Why do people leave out the racism, misogyny, and promotion of Nazi ideology and imagery?
I was in a hurry but I should have posted the whole list. You’re right.
Re: Tesla profits drop 71% - Carnos Jax - 04-22-2025
Tesla is entirely a binary play now. Either they solve robotaxi fully (no teleoperators) or the stock is going to drop substantially. They can't sustain their current valuation selling just cheaper trims of the Model 3 and Y. Most of their leadership/management team that made the Model 3 and Y a success are gone now due to Musk's actions. Musk better deliver on robotaxi and self driving, or Tesla's cooked.