Not even close, Elmo is the biggest sociopath, plus he is just an evil dick masquerading as your typical white supremacist....................there is a special place in hell for people who disown their children over wokeness. Zuck is a spinless cuck who is slithering his way into trumps orbit, I see he even bought a $23 million mansion in Fl to be close to his king Bezos has a hot GF, so there`s that for him
hot = surgically modified/enhanced this was her before the surgeries this is her, several surgeries later
Elon is a cringe shitshow desperate for approval. At least his grandiose plans have proper context for advancing humanity and presumably America (along with enriching himself 100x over) Zuck will sell out anything and everything for...? Bezos is a bill gates like villain. Amazon would prob lose half it's market cap if these tariffs lasted a year as it was.
TIMBERRR! Del Mar water front mortgage free dream house is closer than I thought Bezo' GF/partner reminds me of this chick with a wig, I don't understand why those Billionaires do not live like Leonardo Decaprio
the only position that is working for me today just paid 25 cents to close this bearish CALL spread. had collected in advance a premium of $18.9 to open the spread; paid 25 cents to close it net profit $18.65 TSLA is down $17 so far today, the day B4 earnings release, to 224
My wife is in the market for a new used car. Thinking this would be a good time to look into a Tesla x model. Prices are pretty low. This is no political statement. But just buying because it's a heck of a deal. If anyone asks me why I bought it, I will just say I got it before Elon went crazy. Problem solved.
Tesla revenue and earnings plunged in the first quarter and it warned that the escalating trade war muddied the company’s outlook for the rest of this year. This comes as analysts blame CEO Elon Musk’s high profile ties to President Donald Trump’s administration for hurting the brand’s reputation. But Musk defended his work with the Department of Government Efficiency (DOGE), saying that it was necessary to cut back on “waste and fraud.” But he also revealed that he would scale back his efforts at DOGE to a day or two a week starting sometime in May. The automaker reported its revenue fell 9%, with auto revenue falling 20%. Adjusted income tumbled 39%. Those drops were bigger than forecast. It’s net income, the strictest definition of its profitability, plunged 71% compared to a year earlier. Tesla warned investors in early April that it had suffered its biggest drop in sales in its history during the first quarter, delivering 50,000 fewer vehicles compared to the first three months of last year.
Net Income / Profit, shows a 71% decrease from the previous quarter Tesla said it earned $409 million in net income, of which ~~ $800 M interest earned on cash/investment ~~ $300 M fee earned from climate change tax credits sold to other corporations ~~ $700 M loss incurred associated with the production / sales of Tesla vehicles
I wouldn't mind taking a bet that they significantly reduce CT production soon and possibly even shut down the lines for weeks at a time. The demand is not there.
I am not shedding a tear for Tesla, but these numbers make me worried about the viability of manufacturing EVs profitably. As far as I can tell, Tesla is the most efficient and most vertically integrated EV producer among the non-Chinese makers. If they can't make the cars profitable at their scale, then other makers are even further away. Even with the government incentives to artificially raise the price of these vehicles, it's not enough. Will a company like Ford eventually get tired of bleeding billions per year on their EV division? Will they eventually quit and just wait for the technology to mature and get cheaper? Maybe Chinese EV companies are profitable now, but i am not sure.
OR! other manufacturers can step in and take advantage. actually, sales for other EVs are up. overall EV adoption keeps growing. the market is maturing and not held up just by Tesla. For all we know Tesla might become another business school case study of how a first to market company with a significant lead gave it all up..
EV adoption is definitely growing, but unless there is a clear path to per vehicle profitability with more scale, selling more vehicles just means bigger losses. If per vehicle profitability doesn't turn around, eventually it'll be more profitable to: 1) lobby politicians to erect protectionist policies or slow EV adoption 2) license technology or rebadge Chinese EVs. 3) Use marketing to sway consumer demand away from EVs It'll be interesting to see if Tesla being so vertically integrated is actually a detriment in getting their cost down. Currently car makers are just car assemblers and systems integrators that buys from hundreds of other companies that specializes in their niche. Auto companies realized decades ago that that they're not going to be make a better transmission than ZF or a better tire than Michelin. The same thing may be playing out soon in the EV space.
Perhaps, another business school case study of how a Nazi White Supremest Car forward PR campaign surprisingly hurt sales with your targeted demo.
Agreed. It will be another thing the US falls behind on compared to the rest of the world. High speed rail...EVs. easier to integrate when there's less parts..
Volkswagen moved their best factories to China and are going full EV there. The remaining factories in Germany are for servicing and maybe some remaining ICE lines to keep locals happy. Volvo is pretty much option 2) already. China dominates the battery/EV supply chain -- we kinda need Tesla in the game. Even then, Tesla pivoted to China for their batteries. Musk and CATL's Ceo are tight enough for the latter to call him out and Musk not Xeet raging like he's 10. Tesla's problem is tricky because most of their 100+ P/E is because Elon's leading it. General purpose robotics is the next big thing with China using their EV/Battery tech to move up that chain. The West needs Tesla or a company with decades of forward looking investment and logistics like it. All the other American car companies are looking at big ass utility vehicles and handouts from uncle sam to make low profit green cars . It's a bit re-volting.
Tesla’s chair Robyn Denholm has rejected a Wall Street Journal report that the company’s board has begun a search process for a new CEO to replace Elon Musk. The Journal reported Wednesday that Tesla’s board contacted executive placement firms in March to look for Musk’s replacement, citing multiple unnamed sources. Denholm said in a post on Tesla’s official Xaccount that the claim was “absolutely false,” and the board is “highly confident in his ability to continue executing on the exciting growth plan ahead.” The stunning report highlighted the volatility the electric car maker has faced in recent months, as Musk spent a significant amount of his time working for the White House’s Department of Government Efficiency (DOGE) initiatives. Tesla’s (TSLA) stock price had tumbled as much as 45% this year before recovering somewhat amid a broader stock market rebound. In April, the company reported a sharp decline in both sales and profit in the first quarter, with earnings plummeting 71% – a shocking report that was perhaps overshadowed by Musk’s announcement the same day that he would be stepping back from his government role and returning to Tesla. The Journal said it was unclear whether Musk’s announced return altered the status of the succession planning. Around the same time the board began looking for a potential new CEO, directors told Musk that he needed to spend more time at the company, according to the report. Musk didn’t push back, the Journal said. Analysts led by Dan Ives, global head of technology research at financial services firm Wedbush Securities, said Musk “did the right thing” by recommitting as Tesla CEO, and expressed confidence he would remain in the role for “at least five years.” “This situation with Musk at DOGE was reaching a breaking point, but we believe that cooler heads have now prevailed and that the Board is now NOT actively looking to replace Musk as CEO and this code red situation is now in the rearview,” they said in a Wednesday research note published before Denholm released a statement.
