Tesla’s remarkably bad quarter is even worse than it looks
Tesla’s remarkably bad quarter is even worse than it looks
Reality is catching up with Elon Musk.
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.
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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.
Tesla stock went up after the earnings.
What a fucking joke.
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.
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....
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.
if tsla dropped 71% (more) like its profits have, it would still way over
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.