Tesla profits drop 71%

[Ombligo]

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-...sentiment/

Musk is saying he will drastically reduce his DOGE time and focus on the carmaker beginning in May.

[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?

[Carnos Jax]

Idiot

[Carnos Jax]

Yet stock is up after hours.....go figure. Just like Apple, up on bad news, down on good news.

[jonny]

The market seems to think that Musk spending more time at Tesla is going to be good for business.
Fools.

[Tiangou]

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?

[NewtonMP2100]

.....forget that......when is his next child coming......

[chopper]

BUY!

[special]

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.

[Carnos Jax]

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.