Tesla suffers worst quarter since 2022 as deliveries tumble
Tesla suffers worst quarter since 2022 as deliveries tumble
Shares rise on report Elon Musk to leave Trump administration
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Worst quarter so far….
It's unlikely to be worse, especially if he's stepping down from DOGE as the rumors seem to be.
Even with all the hate, the new Model Y is now selling, there's going to be newer more affordable models coming out in a few months, which may sell poorly compared to their expectations, but would still boost numbers above a worst quarter situation.
Q1 has the Chinese new year as well, so future quarters will have a boost above Q1 until next Q1
Even the current status and then China alone with the new models could probably prevent a worse situation.
Numerous quarters / years not meeting expectations absolutely. Less deliveries and production than Q1, unlikely.
Good luck with your position in TSLA.
Whatever you've got to tell yourself to stay invested I guess. 😉
Numerous quarters / years not meeting expectations absolutely.
Well, I don't think I was painting a very rosy picture.
Maybe this will help for US sales, but it Tesla sales will likely stay low in other markets.
They just have to not crater further to beat Q1 moving forward.
No Chinese new year will already be a boost against that.
And then the new models can offset further sales drops.
Any chance the toxic turd will step down as Tesla CEO?
I doubt he'd step down willingly, but I don't see being forcibly removed being impossible anymore.
The whole board is his family and sycophants. Not a chance that happens. He will take the ship down with him on board.
The SEC had him
forciblyremoved via settlement as board chair before over the 420 stuff. It's possible (although less given the current Trump admin) that he could lose a shareholder lawsuit over his failure of fiduciary duty to shareholders and force him out of being CEO as well.Ultimately, a ruling like that would probably prevent him from being CEO of any public company.