this post was submitted on 23 Apr 2025
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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.

Non-paywall link

(page 2) 50 comments
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[–] partial_accumen@lemmy.world 202 points 22 hours ago (5 children)

“The protests that you’ll see out there, they’re very organized. They’re paid for,” he said, without evidence.

No. When you do a double seig-heil on national television we protest for free.

[–] Lemminary@lemmy.world 49 points 21 hours ago (1 children)

Fuck, I'll pay to protest at this point. I'm livid at this assface.

[–] ZoopZeZoop@lemmy.world 14 points 18 hours ago (3 children)

Don't give them any ideas.

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[–] fritobugger2017@lemmy.world 22 points 17 hours ago (1 children)

Good. Hope it gets even worse.

[–] JeremyHuntQW12@lemmy.world 7 points 13 hours ago

They would have lost hundreds of milliions if it weren't for carbon credits, which have now been removed.

[–] boreengreen@lemm.ee 27 points 18 hours ago (3 children)

Maybe he should spearhead a supertruck or an xcar project to save the company. Wow those xonsumers with a jetson car theme or something. Cheaply built but somehow luxury segment. It's Idiot proof!

[–] Witchfire@lemmy.world 15 points 13 hours ago

Maybe he should make a submarine and go see the Titanic

[–] chonglibloodsport@lemmy.world 23 points 17 hours ago (1 children)
[–] Fluke@lemm.ee 2 points 9 hours ago

I've been calling the cybertruck the Homer since it's release. So apt.

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[–] ryrybang@lemmy.world 234 points 1 day ago* (last edited 1 day ago) (9 children)

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.

[–] BananaTrifleViolin@lemmy.world 102 points 22 hours ago (13 children)

This 100%. Tesla remains massively overvalued, and it's on the basis that in the future the company will dominate with self drive cars. It's vaporware on a scale never before seen.

Tesla has fundamentally flawed self-drive technology because someone stripped out essential tech to save money. Lidar is essential to self driving cars but some genius decided they knew better than their own engineers and the self drive industry as a whole and instead made their vehicles and tech camera only. That genius? Elon fucking Musk.

The guy's an idiot. The company is an overpriced joke.

[–] CleoTheWizard@lemmy.world 33 points 20 hours ago (1 children)

Luckily the party is probably on its way to being over. It’s not like Elon decreasing his public presence with the president will make sales suddenly rebound.

What everyone here is also missing is that it’s 71% profit loss with tax credits which means they saw this loss coming and scrambled to cash in some stuff so it didn’t look as bad. Without that, they would have reported a decent loss like they will next quarter.

And fundamentally how would they fix their current issue? They could distance from elon but that would be a slow burn. They can’t make new cars. Can’t discount their cars much. They can’t do much of anything except lose more money.

[–] Ledericas@lemm.ee 4 points 14 hours ago

musk was originally the lightning rod for all of trumps failures for the last 2-3 months, now if hes going away trump will recieve all the attention, thats why he always have to make stupid gaffes to distract people.

[–] Clent@lemmy.dbzer0.com 5 points 18 hours ago

Tesla has fundamentally flawed self-drive technology because someone stripped out essential tech to save money.

"someone"

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[–] TheBat@lemmy.world 6 points 13 hours ago

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.

[–] 50MYT@lemmy.world 30 points 22 hours ago (1 children)

Tesla stock went up after the earnings.

What a fucking joke.

[–] mosiacmango@lemm.ee 15 points 18 hours ago

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.

[–] Pistcow@lemm.ee 40 points 1 day ago (1 children)

$0.12 eps is amazing. I'm pretty sure Tesler stock is a money laundering vehicle.

[–] SpaceNoodle@lemmy.world 49 points 1 day ago (1 children)

That would be the most reliable vehicle they have!

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[–] BedSharkPal@lemmy.ca 12 points 23 hours ago (1 children)

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....

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[–] pennomi@lemmy.world 127 points 1 day ago (2 children)

Where do I submit my paid protester invoice?

[–] floo@retrolemmy.com 90 points 23 hours ago (1 children)

Submit expense reports here:

[–] RidderSport@feddit.org 24 points 22 hours ago (1 children)

Where do I get my member card?

[–] funkless_eck@sh.itjust.works 12 points 19 hours ago (1 children)

it's the same as being a Discordian Pope

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[–] breezeblock@lemm.ee 19 points 23 hours ago

I'm still waiting for my doge check.

Every accusation is a confession.

[–] Zippygutterslug@lemmy.world 144 points 1 day ago (1 children)

Nobody's got to pay me to convince me Musk is a nazi piece of shit, he did that all on his own.

[–] Ledericas@lemm.ee 4 points 13 hours ago

he did the salute twice to emphasize his support;.

[–] MagicShel@lemmy.zip 83 points 1 day ago (1 children)

You can bullshit the American people that they are paid protestors, but if any of his investors buy that line of bullshit, they deserve to lose all their money.

[–] tburkhol@lemmy.world 16 points 1 day ago (3 children)

TSLA is around 1.5% of broad market index funds, like S&P 500, so if you've taken the general advice to put your 401k or other savings into index funds, you own TSLA.

[–] MagicShel@lemmy.zip 12 points 22 hours ago

People with $3500 of TSLA aren't really who I'm talking about here. You have a technical point, but it's not really what I was getting at.

[–] CosmicTurtle0@lemmy.dbzer0.com 7 points 21 hours ago

I haven't checked yet but I spent my evening last night completely rebalancing my 401k and IRA to international stocks and municipal bonds.

If all goes well, my 401k should be executed by now. My IRA I have to do myself but that should be done tomorrow.

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[–] ryannathans@aussie.zone 18 points 21 hours ago

Free market go brrr

[–] peregrin5@lemm.ee 41 points 1 day ago* (last edited 1 day ago)

Bruh, don't do shit that causes protests then.

This guy was a liberal environmentalist sweetheart and then he decided he was going to say fuck you to his main customer base and throw his ilk in with Trump. This is all on you Musky-boy.

[–] mutual_ayed@sh.itjust.works 48 points 1 day ago (1 children)

Shorting TSLA is my favorite thing right now. The one tiny bright point in my life.

[–] NeilBru@lemmy.world 2 points 10 hours ago* (last edited 10 hours ago) (2 children)

Are there any ETFs that I can put money into that short Tesla for mentally handicapped retail investors like me? For example, inverse REITs are an easy way to short the housing market.

[–] mutual_ayed@sh.itjust.works 1 points 8 hours ago

Unfortunately no. There is the Bear Cave though. https://thebearcave.substack.com/

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[–] drascus@sh.itjust.works 5 points 17 hours ago

So good. I hope investors keep buying and it just keeps failing and they all just lose a shit ton of money.

[–] homesweethomeMrL@lemmy.world 20 points 23 hours ago (1 children)

At most companies, it’d be long past time to show the CEO the door. But Tesla’s stock price is inextricably linked to Musk and his onetime image as Silicon Valley’s greatest living genius.

BWaHAAHAhaahaha. Ahhh what a fuckin' idiot Elmo is.

[–] st3ph3n@midwest.social 11 points 23 hours ago (1 children)

He is also Tesla's largest single shareholder, and has a hand-picked board. It would take a lot to get him to leave involuntarily.

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[–] My_IFAKs___gone@lemmy.world 15 points 23 hours ago* (last edited 21 hours ago) (3 children)

"They’re paid for"

Bro, if people hate you and your company enough to employ and pay others to protest, then you and your company must be an all new level of shitty. I'm not quite sure the claim/excuse you're making is the defensive shield you think it is. It sounds much more like an admission of total failure...

And yet the board still thinks it's a good idea to retain you? I guess it's heartwarming they're more loyal to you than they are to the company.

[–] pivot_root@lemmy.world 12 points 22 hours ago

Bro, if people hate you and you company enough to employ and pay others to protest, then you and your company must be an all new level of shitty.

His people—conservatives—don't follow logic. They have a victim complex and see anything that negatively affects them as someone else's fault and not the consequences of their own actions. If there isn't an obvious perpetrator, they scapegoat one into existence.

I've debated some of these people and it's hopeless trying to get them to connect the dots. You can keep presenting them with logic and evidence, and they keep shifting the goalposts and changing the topic to justify their beliefs. A summary of one of my attempts to convince someone that Trump isn't universally beloved by average Americans went roughly like this:

  • "Trump has improved the average citizen's quality of life"
  • "Then why are there 5 million protesters coming out every month?"
  • "I haven't heard of any large protests"
  • (links to 50501 Wikipedia page)
  • "They're 'protesters' funded by the left"
  • "All 5 million of them? That would be extremely expensive, even if it's just $100 a person. Nobody could afford that."
  • "Remember, all the billionaires are Democrats" (Thiel? Musk?)
  • "That's not even their playbook. It's cheaper and more effective for them to lobby for changes that benefit themselves."
  • "But they can't do that anymore because Trump is in charge, so now paid protesters are their preferred choice"
  • "Suppose they are paid. With 5 million people, there's absolutely no way that they're being paid will remain secret."
  • "OK fine, maybe it's only a couple hundred thousand being paid."

I don't doubt that some tiny handful of people would be paid to protest for some reason or another, but I highly doubt it's anywhere close to what MAGA conservatives think. IMO, it's more likely that protesters would be paid by the other side to make the protest violent so they could crack down on them.

[–] athairmor@lemmy.world 7 points 21 hours ago

If they were being paid and he knew they were being paid and by whom, they’d have some easy lawsuits to recoup damages and end the protests.

Funny how that’s not happening.

[–] someguy3@lemmy.world 6 points 21 hours ago* (last edited 21 hours ago)

Because then it's one evil actor instead of you know tens of thousands.

But it's just projection anyway. Every accusation is a confession.

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