Summary
Tesla reported its worst quarterly results in four years, with Q1 income down 71% and EV sales falling 13%.
Elon Musk vowed to refocus on Tesla amid backlash over his political role in the Trump Administration’s DOGE program, but analysts doubt his return will fix worsening issues.
Tesla faces eroding market share, failed products like the Cybertruck, and a coming 145% tariff on imported Chinese battery cells set to hammer the company’s battery pack business, one of the only bright spots last quarter.
Musk’s pivot to robotaxis and humanoid robots lacks credibility, and critics say Tesla has no compelling new EVs to revive growth.
90% of what is keeping Tesla’s value is the tech bro community’s absolute belief in Elmo. If he sold all of his shares the value of the stock would plummet to almost zero. Hell if he even just sold a moderately large portion of his shares the stock price would plummet dramatically. That’s why he’s always so reluctant to sell his stock and basically uses it to leverage loans.