zen222
34 minutes ago
Easy, fundamentals beat charting every time. And Tesla's fundamentals are in the shitter.
Tesla’s Remarkably Bad Quarter Is Even Worse Than It Looks
The electric car company’s total revenue for the quarter fell 9.4% from the year prior, missing Wall Street expectations by around $1.8 billion.
Profits fell dramatically as well, with Tesla reporting 71% less net income ($409 million) compared to a year ago, when it earned $1.39 billion.
Deliveries of the Model 3 and Model Y, Tesla’s most popular vehicles, fell 16% year over year, while the category for “other models,” which includes the Cybertruck, fell 24%.
Not to mention the absolute toxicity of Musk, which is tarnishing the brand forever.
zen222
1 hour ago
Tesla is facing significant challenges and concerns, including declining sales, a negative stock performance, and growing competition, particularly from Chinese EV manufacturers. These issues are compounded by Elon Musk's leadership decisions and public persona, which have impacted brand perception and investor confidence.
Sales and Financial Performance:
Sales Decline:
.
Tesla experienced its biggest sales drop in history in the first quarter of 2025, with a 13% decline in deliveries.
Stock Price:
.
Tesla's stock price has plummeted by 45% since December 2024, indicating a loss of investor confidence.
Competition:
.
Tesla is facing increased competition from established automakers like BYD, which is surpassing Tesla in EV sales and revenue.
Factors Contributing to the Challenges:
Elon Musk's Actions:
Musk's political commentary and engagement with social media have been linked to negative brand perception and investor concerns.
Trade Wars:
The escalating trade dispute between the U.S. and China, including tariffs on imports, could further impact Tesla's global sales.
Product Lineup:
Tesla's product range is considered aging, with some models being over a decade old.
Pricing:
Tesla's pricing strategies have been seen as inconsistent and have damaged its image as a premium brand.
Carbon Credit Revenue:
A drop in Tesla's vehicle sales could impact its carbon credit revenue, potentially leading to cost increases for consumers.
zen222
2 hours ago
"Derp, More FUD! Duh" LOL! Keep beclowning yourself, it's hilarious.
American cars are in big trouble
China's BYD is an existential threat for Tesla and others.
While American automakers struggle, BYD is aggressively expanding beyond China with superior technology and impressive sales growth. The Chinese automaker has developed a breakthrough “Super e-Platform” that enables adding 250 miles of range in just five minutes of charging, roughly four times faster than Tesla’s capabilities.
Going in for the kill, BYD’s premium Denza line unveiled the Z, a flashy new luxury sports car, at Auto Shanghai just one day after Tesla’s disappointing earnings report revealed a 20% drop in automotive revenue. “BYD only knows how to play offense. Their consistent and frequent vehicle and feature launches keep their competitors on their heels,” Tu Le, founder of consultancy firm Sino Auto Insights, told CNN.
Tesla’s troubles extend far beyond just competitive pressure. Musk’s political activities as head of the Department of Government Efficiency (DOGE) have triggered protests and vandalism at Tesla dealerships worldwide. Since Trump’s inauguration, more than a dozen violent or destructive acts have targeted Tesla facilities. In one particularly devastating incident, 17 cars were destroyed in an overnight fire at a Rome dealership
Meanwhile, Tesla faces supply chain disruptions from escalating U.S.-China trade tensions. China’s recent export restrictions on rare earth elements — critical components for Tesla humanoid robots, which are supposed to be critical to the future of Tesla manufacturing — have forced Musk to negotiate directly with Chinese officials. “Hopefully we’ll get a license to use the rare earth magnets,” Musk told investors Tuesday.
The situation is further complicated by President Donald Trump’s policy reversals. His administration has already dismantled key elements of former President Joe Biden’s EV agenda, including the target for 50% of new vehicles sold in the U.S. to be electric by 2035. The EPA and NHTSA emissions standards that incentivized automakers to increase their electric offerings are being reevaluated, and Trump is expected to seek repeal of EV tax credits that helped spur consumer interest.
For Tesla and other American manufacturers, the path forward is treacherous. Tesla hopes that robotaxis — scheduled for pilot launch in Austin by June — will be its salvation. Musk promised investors “millions of Teslas operating autonomously” by the second half of 2026. We are in year 12 of Musk promising self-driving technology, however, and no breakthrough with this tech makes 2026 any more likely than the past dozen years.
https://qz.com/emails/quartz-weekend-brief/1851777819/tesla-byd-ford
zen222
2 hours ago
"Derp, MSM FUD! D'uh." LOL! Is Forbes on your idiotic list of MSM too?
Things are bad at Tesla. They’re about to get much worse.
The EV company’s sales are tanking in all major markets as its Chinese rivals are surging. But Tesla’s problems are just beginning.
Tesla is in a world of hurt. Sales in California, its main market in the U.S., plummeted 31% in January from a year ago. European numbers are even worse, dropping 43% in the year’s first two months. And in China, by far its most important market for profitability, Tesla sales crashed 29% through February. Its stock has tanked, dropping 34% this year. A backlash has grown against part-time CEO Elon Musk–who also leads five other companies–with protests at Tesla stores and the torching of vehicles as he carries out a clumsy attempt to slash government workers and spending as Trump’s DOGE master.
But things are about to get worse.
Falling sales indicate that the company’s financial health is fundamentally faltering as competitors are surging, particularly rival BYD. The Chinese EV and battery maker for the first time topped Tesla in revenue in 2024 and is on pace to leave it in the dust as the global leader in electric vehicle sales this year. Tesla’s brand is becoming toxic in California, which has nurtured it since the Roadster arrived in 2008. It’s even failing on the technology front, with BYD outpacing it with a super-fast charging battery system and Waymo dominating in self-driving cars, which Musk has bet the company on.
The worst by far, though, is what’s happening to Tesla in China, where it opened its Shanghai plant in 2019. That plant, the first in China wholly owned by a foreign carmaker, marked a turning point for Tesla, fueling a massive sales spike and pushing it into the black consistently thanks to low-cost Chinese labor, parts and logistics. But a decline in that market, where Tesla has seen consistent growth up until this year, threatens to narrow its already shrinking profit margins. A big reason for slower sales: China’s domestic EV companies are starting to beat Tesla on, well, everything.
“China had a plan when they let Tesla have a fully owned factory. They wanted the technology and the knowledge and experience. With that came a risk China would take that technology and build better stuff,” said shareholder Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management. “That’s exactly what they’re doing. Now they’ve got really competitive vehicles, really competitive technology and the vehicles are cheaper.”
“Many have out-Tesla-ed Tesla in software, range and in intelligent driving and are making Tesla look like the laggard,” he said. “It’s in serious jeopardy of becoming an EV manufacturer that builds in the three largest passenger vehicle markets while simultaneously each market slowly slips out of its hands due in part to self-inflicted mistakes and laser-focused competition.”
China’s EV makers aren’t just matching Musk, they’re passing him–and the rest of the global auto industry.
Tesla is also struggling at home. While overall U.S. EV sales jumped 14% in January as consumers rushed to buy them before the Trump Administration eliminated a $7,500 federal tax credit, Tesla’s fell 11%, according to S&P Global. That’s due to the huge drop in California, which accounts for a third or more of its U.S. sales. S&P Global found that other EV makers like Hyundai, Kia and General Motors saw sales in left-leaning California rise in January by an average of 24%, while Tesla’s crashed by 31%. These numbers also pre-date the blowback Musk is facing for his DOGE duties and the big protests that have ensued at Tesla stores in California, across the U.S. and in Europe.
Anger at Musk and the brand has led equity analysts to slash sales targets for the company, anticipating a second-consecutive year-over-year decline. “We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly,” JP Morgan’s Ryan Brinkman said in a recent research note. He cut his annual delivery forecast for Tesla to 1.775 million vehicles this year, down from 1.789 million last year.
Overall U.S. EV sales should rise 12% this year, even as interest in the Tesla brand by carbuyers is dropping, according to Cox Automotive. It’s down 7% from a year ago, the most of any premium brand, the industry forecaster said.
A lack of compelling new products is also a problem. Tesla’s most recent addition, Musk’s hard-edged Cybertruck that’s become a favorite target of anti-Elon vandals, has been a flop, selling about 40,000 units last year–a fifth of the annual volume Musk predicted. The vehicle has a shockingly bad record for quality, with eight recalls, including one this month to fix stainless steel body panels at risk of falling off.
Alphabet’s Waymo is light years ahead of Tesla in the robotaxi business and it’s unlikely that Tesla’s access to massive amounts of data collected by the cameras on millions of its cars on the road gives it an AI edge. The company’s Optimus, the humanoid robot regularly featured at Tesla events, has yet to show capabilities that match robots created years ago, like Boston Dynamics’s acrobatic creations or Honda’s child-size Asimo that climbed stairs, played soccer and opened bottles to serve drinks. (Honda retired Asimo in 2018.)
It’s clear the damage Musk has inflicted on the company is just beginning.
https://www.forbes.com.au/news/innovation/things-are-bad-at-tesla-theyre-about-to-get-much-worse/#:~:text=But%20Tesla's%20problems%20are%20just,the%20year's%20first%20two%20months.
zen222
2 hours ago
LOL! "Derp FUD, d'uh!" Desperate? No. Determined? Absolutely. It's working, and they're just getting started.
Musk's automaker Tesla sees profits plummet
Tesla's first-quarter profits have slumped by more than two-thirds. The result comes amid a public backlash against Elon Musk over his work for the Trump administration.
Electric vehicle producer Tesla on Tuesday reported profits of $409 million (€397 million) after a slide in auto sales that saw quarterly profits fall by 71%.
The steep profit losses come as the firm fights a backlash due to owner Elon Musk's leadership of a US government jobs-slashing program — known as the Department of Government Efficiency (DOGE).
Under his leadership, DOGE has sought to dismantle several government agencies, including USAID and the Department of Education, in a bid to root out alleged corruption, cut bureaucracy and boost efficiency.
Hundreds of thousands of federal workers have been laid off, while dozens of government programs have been suspended or canceled.
The sweeping cost-cutting and restructuring measures have faced increasing opposition in court.
The public backlash against Musk, both in the US and abroad, has been severe.
https://www.dw.com/en/elon-musks-automaker-tesla-sees-profits-plummet/a-72314708
zen222
3 hours ago
Waymo founder: Tesla hoped to compete with Waymo, but failed utterly and completely for 10 yrs
John Krafcik, Waymo founder and former CEO, clapped back at Tesla CEO Elon Musk after his comments on Waymo at Tesla’s earnings earlier this week.
He brought a little dose of reality to Musk’s delusions.
Talking to Business Insider this week, John Krafcik, who helped launch Google’s self-driving vehicle program and was Waymo’s first CEO until 2021, doesn’t see it as a problem:
In the long run, the cost of sensors has a “trivial cost-per-mile impact over the useful life of a robotaxi,” he told BI,” while also providing massive quantifiable safety benefits.”
Krafcik has been skeptical of Tesla’s efforts for a while and even suggested that what Tesla plans to launch in Austin in June could amount to “faking” self-driving.
Now, the former Waymo CEO highlights how it’s not the first time Musk claimed that Tesla would compete with Waymo, but it is yet to happen:
“Tesla has never competed with Waymo — they’ve never sold a robotaxi ride to a public rider, but they’ve sold a lot of cars. And although Tesla hopes to compete with Waymo someday, they’ve failed utterly and completely at this for each of the 10 years they’ve been talking about it.”
This week, Waymo announced that it is now completing 250,000 self-driving rides per week.
In June, Tesla plans to launch a limited “10 to 20-car” fleet to provide geo-fenced and teleoperation-assisted rides in Austin.
At this rate, it would take a while for Tesla to catch up to Waymo’s volume and that’s if it can.
Krafcik added:
Well, after 10 years of undelivered promises, it seems pretty rational for those watching to be data- and evidence-driven. There’s still a lot of promises, still no Tesla liability for FSD driving performance, and still no universal robotaxi service.”
Electrek’s Take:
He has a point. No matter how much Tesla shareholders want to believe Musk when he says that Tesla is ahead, the truth is that when it launches its limited 10-20-car fleet in Austin, it will only now start to compete with Waymo.
By that time, Waymo might be doing over 300,000 rides per week, and there’s no evidence that Tesla will be able to scale faster yet.
Just like Waymo, Tesla’s fleet will be geo-fenced and teleoperation-assisted as there’s no evidence that Tesla’s generalized solution is anywhere close to working.
In short, Tesla has the same scaling limitation as Waymo, other than potentially mapping, but even that’s a question mark.
https://electrek.co/2025/04/25/waymo-founder-tesla-hoped-to-compete-but-failed-utterly-completely-10-yrs/
zen222
4 hours ago
Tesla Stock Climbs Despite Pulling Guidance, but Is More Downside Ahead? YES.
Despite an abysmal quarter on nearly every metric, shares of Tesla (NASDAQ: TSLA) climbed even after the electric vehicle (EV) maker pulled its guidance for the year. The stock is still down more than 35% in 2025 as of this writing, but over the past year, it has risen by around 80% despite a string of poor quarterly earnings results.
The stock's rise can be attributed to CEO Elon Musk pledging to spend more time running the company instead of overseeing the Department of Government Efficiency (DOGE). Musk also continued to hype Tesla's robotaxi and artificial intelligence (AI) ambitions.
The stock rallied on the news, but let's examine why it may have much more downside from here.
Its core auto business is cratering
Musk's political ambitions and time at DOGE significantly damaged the Tesla brand. He alienated a large percentage of the population, and those who were more likely to buy EVs. It's great that Musk is looking to refocus on Tesla, but the damage to the brand seems to be already done.
Tesla's first-quarter figures showed declines in both auto deliveries and revenue. Quarterly deliveries dropped 13% to 336,681, while auto revenue plunged 20% to $14 billion. Model 3 and Model Y deliveries fell 13%, while other models decreased by 24%. The latter shows that Tesla's distinct-looking Cybertruck is having trouble selling.
This does not appear to be a one-quarter blip. Management pulled its full-year guidance, saying it was "difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chain." Chief financial officer Vaibhav Taneja acknowledged the "near term" challenges the company has with its brand image on its earnings conference call.
However, Musk tried to shift the poor sales to being a macro issue, saying that beside that, it saw "no reduction in demand." However, that does not coincide with reality. For example, while Tesla saw a nearly 9% decline in U.S. deliveries in the quarter, according to Cox Automotive, overall U.S. EV deliveries jumped by more than 10%. Meanwhile, overall global EV sales soared 29% in the first quarter, according to market intelligence company Rho Motion, with European EV sales up 22% and Chinese EV sales up 36%.
This means that Tesla is seeing its auto sales decline despite what is still a pretty robust market for EVs.
More lofty promises
With its core auto business struggling, Musk once again turned to lofty promises about autonomous driving, robotaxis, and AI.
He said that it will begin offering paid robotaxi rides in Austin, Texas, beginning in June, starting with 10 to 20 vehicles. It will then ramp up its fleet and look to rapidly expand to other cities by the end of the year. He added that the robotaxi business would have a notable impact by mid-2026.
Tesla sticking to its June timeline, though, raises a lot of questions. The company thus far has only achieved Level 2 automation, which means that the automobile can steer and control speed, but a driver must stay engaged at all times. A robotaxi would require Level 4 automation, where the automobile can drive itself in a specific area. The leap from Level 2 automation to Level 4 is not a small step and skips Level 3 automation, in which the car can perform most driving tasks, but the driver must take over in some conditions.
Once again, it provided few details on how it was going to achieve Level 4 automation. The company's decision to eschew lidar (which uses lasers to measure distances and movement) and use a vision-only approach for autonomous driving has thus left it far behind, and even recent tests of its technology have found a lot of issues. Musk has a long history of overpromising and underdelivering when it comes to autonomous driving, but a June timeline is so close that you would have to think it could happen.
That said, even if Tesla does launch a robotaxi service, it doesn't necessarily solve the company's issues. Alphabet's Waymo has already taken the lead in the space in the U.S., and Tesla's problems with its brand reputation would extend to robotaxis as well. Meanwhile, most robotaxi fleets would operate in big cities, which tend to lean liberal.
Rohan Patel, the company's former head of business development and policy, told The Information, a technology-focused business website, that based on Tesla's internal analysis, the payback for its robotaxi ambitions was going to be slow.
An expensive stock
The stock has always gotten a huge premium valuation based on the hopes and dreams that Musk sells to investors, more than economic reality. That is the case now, more than ever.
The reality is that the company is currently seeing its market share and revenue decline. It trades at a forward price-to-earnings ratio (P/E) of over 100 based on 2025 analyst estimates, while its profitable U.S. auto peers all have multiples below 10. And while investors are placing a huge value on the potential robotaxi business, Alphabet, which has an operational paid robotaxi businesses, gets no such premium.
Between Tesla's valuation and the brand damage that has been done, I think the stock could have a lot further to fall in the future.
https://finviz.com/news/34862/tesla-stock-climbs-despite-pulling-guidance-but-is-more-downside-ahead
zen222
4 hours ago
Tesla’s cheaper Model Y is doomed no matter what
Tesla faces plummeting sales, mostly as a result of Elon Musk, who risks tarnishing a cheaper Model Y before it ever launches.
Meanwhile, competition is intensifying at both the low and high ends of the EV market.
There are also quality control issues, and advantages Tesla once had are diminishing in importance.
What a difference a year can make. While Tesla had its problems in early 2024, including rising concerns about Elon Musk's political views and business dealings, it was still the undisputed ruler of the North American EV market. Now, going into May 2025, sales are down so dramatically that it's turning to tactics it might never have considered before, like launching a scaled-back version of the Cybertruck.
Another example is a more affordable version of its Model Y crossover SUV. According to Reuters sources, however, that's been delayed several months, so the product won't appear until sometime in 2026. But let's be honest, here -- it's not going to move the needle, and the reasons are legion.
A crisis that's only just beginning
The major problem is a predictable one, of course: Musk. The CEO recently said he'll be stepping back from his work with the US Department of Government Efficiency to focus on Tesla, but that's akin to Joseph McCarthy stepping back from hunting secret communists, as far as much of Tesla's core demographic is concerned.
The people most interested in EVs tend to be liberal and environmentally-conscious people in North America and Europe -- and they've been boycotting Tesla in droves, upset about Musk's support of far-right politics and savaging key government services, among other things. Some of the same people are protesting showrooms, selling Tesla vehicles and stock, or (in rarer cases) committing acts of vandalism. Even some celebrities have publicly ditched Tesla, such as Sheryl Crow and Jason Bateman.
Simply put, there are now millions of people who will never buy anything from Tesla as long as Musk is associated with the company. Musk and US President Donald Trump have tried to pitch vehicles to the MAGA crowd, but that's likely an uphill battle, given that many Republicans still deny human-created climate change or at least support the oil and gas industries. They're more likely to buy cheaper gas-powered cars before any EV, no matter which logo is on the back.
Short of a miracle, then, the cheaper Model Y will be launching into a market greatly hostile to its existence. I can't think of a single product that's succeeded despite being loathed by its intended buyers.
The competition factor
There's blood in the water, in other words, and shoppers are now fully aware that other EVs may be just as good or better than what Tesla is offering, certainly in terms of value. The 2025 Chevy Equinox EV -- a favorite example of mine -- starts at $33,600 in the US, and yet has 319 miles (about 513 kilometers) of range, nearly as good as the 327 miles (526 kilometers) on a $41,490 configuration of the Model Y. There are, potentially, other reasons to choose a Tesla, but for the average person, it's hard to ignore that almost $8,000 price gap. A scaled-back Model Y will presumably get even less range.
Rival brands are also beginning to secure toeholds at the high end. Rivian's R1T and R1S have been firmly established as Cybertruck and Model X alternatives, so it's tough to imagine how the Model Y will compete when the more affordable R2 and R3 ship. More adventurous shoppers can choose EVs from brands like Lucid or Polestar if there's a reliable support network nearby, not to mention auto industry giants such as BMW and Porsche.
Shooting yourself in the foot
On top of everything else, Tesla still has a reputation for poor quality control. Edmunds notes that there have been build quality issues with every Tesla until now, including the Model Y, although it's too early to say if changes to the 2025 model have made a difference. The Cybertruck has been problematic since launch, with eight recalls so far, not to mention the risk of severing your fingers if you accidentally close the hood on them. That's not promising for a far cheaper vehicle.
https://www.msn.com/en-us/news/technology/tesla-s-cheaper-model-y-is-doomed-no-matter-what/ar-AA1DF1nc?ocid=msedgntp&pc=DCTS&cvid=e9d8732429f942e6b56d6345b483c438&ei=8
zen222
4 hours ago
BULLSHIT, stop lying. You can't idiotically claim "nonsense" without reading the goddamn article, genius. You know the article is accurate, you're just too scared to admit it. MSN posts legitimate news and information from a plethora of different sources. But you'll read cesspool twitter posts of far-right cult propaganda all day long. No wonder you believed Musk founded Tesla. LOL! Pathetic.
Better start absorbing factual info (positive or negative), or you're going to lose even more money. Here you go,
Tesla CEO Elon Musk Admits Full Self-Driving Technology Isn’t Ready Even After Customers Paid For The Upgrade
Tesla CEO Elon Musk has acknowledged that the final version of the company’s Full Self-Driving (FSD) technology is not yet ready for public release — and there is no definitive date for when it will be available.
During Tesla’s conference call following the release of its Q1 2025 financial results, Musk updated shareholders about the company’s self-driving plans, which he emphasized as essential to Tesla’s future, according to Daily Galaxy.
Since 2016, Tesla has marketed vehicles claiming they have the necessary hardware for FSD features — significantly boosting sales of the FSD package — which can cost buyers up to $12,000.
However, during the call, Musk said, “We’re going to have to upgrade the Hardware 3 computer” to achieve true self-driving capabilities, the outlet reported.
The announcement sparked backlash from customers who felt misled, prompting Tesla to cover the costs of upgrading affected vehicles to the newer Hardware 4 — a move analysts estimate could reach hundreds of millions of dollars.
Tesla previously faced lawsuits for false advertising, including during the transition from Hardware 2 to Hardware 3, and then offered free upgrades to some affected customers.
Since promising self-driving capabilities in 2016, the company has repeatedly had delays on an actual release date while updating its hardware at nearly every stage of development.
From nationwide boycotts to increasing competition and market pressures, Musk has faced significant setbacks for Tesla, partly due to his decision to align with President Donald Trump, as AFROTECH previously reported — challenges highlighted by its first-quarter deliveries falling short of estimates.
“We are not going to look at these numbers with rose-colored glasses… they were a disaster on every metric. The Street and us knew a bad 1Q was coming but this was even worse than expected,” Wedbush Securities analyst Dan Ives said of the results.
Tesla delivered 336,681 vehicles in its first quarter of 2025 — 50,000 fewer than in the prior-year period — resulting in a 13% sales decline from 2024. The figures mark the company’s largest delivery decline in history, coinciding with lower European sales and growing competition from China.
https://www.msn.com/en-us/autos/other/tesla-ceo-elon-musk-admits-full-self-driving-technology-isn-t-ready-even-after-customers-paid-for-the-upgrade/ar-AA1DDH33?ocid=msedgntp&pc=DCTS&cvid=8b080023c62d4cd0af449177f1ae0996&ei=73
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