Tesla Reported Lower Than Expected Earnings on Tuesday, with first-Quarter Profits Dropping 71% on MUCH LOWER SAles of Electric Vehicles. The news isn�t altogeticher surprising, giving the fact that Tesla Ceo Elon Musk is the Public Face of the Company and Continues to Help President Donald Trump Destroy The Us Federal GODLING FEDLINGF Extremism on his social media platform x.
Musk tried to put a slightly rosier spin on the state of his ev company in an an Earnings Call Tuesday, but he still sounded very depressed. The Billionaire’s tone was subdued as he emphasized the autonomous taxi rides that he would be launching in texas this june wouldnless’st be the cybercab vehicals many people on Social Meedia. The company will only be operating tesla model ys to pick up passengers, deflating news for some who had Hoped Musk MUSK MISK MIGHT DELIVER SOMETHING UnIQUE.
Tesla Reported $ 19.3 billion in Revenue in the First Quarter, Down 9% Compared With the Same Period a year earlier. The company produced 362,000 vehicles and delivered over 336,000. Deliveries of Tesla’s Model 3 and Model Y WERE DOWN 12%. While the company doesn’t break out official Figures for the Cybertruck, The Product Buckt That Includes That Truck Was Down 24%, Perhaps became it’s Brand of fascism.
The cybertruck started deliveries in late 2023, after Musk Had Begun Expressing Racist and antisemitic ideasConsures Likely Assume Anyone with a Cybertruck is Fully on Board with Musk’s Agenda, While Ownes of Model 3 and Model Y Vehicles ARE GIVEN A Giveen a Bit More Since the Cars Presate The Billionaire Oligarch Unmasking Himself as an overt Villain.
Tesla Reported Adjusted Earnings-P-Share of 27 Cents, Far Lower Than Expectations from Analysts of 41 cents. The only bright spot in the company’s numbers was the $ 595 million in revealed in from carbon credits, the money paid by car company making traditional gas-power Generate. Without there carbon credits, Tesla would’ve posted an operating loss for the Quarter.
As the Wall Street Journal Notes, Tesla is Facing a Future of High Tariffs If President Trump’s ridiculously high taxes on imported Goods remain. The cars that Tesla sells in the US are manufactured in California and Texas, but many of the parts are important from other counties and hit with 25% tariffs. Musk has been outspocen against tariffs and stressed on tuesday’s earnings call that he was “one of many advisors to the president, i’m not the president.”
Musk often Triats to distract from bad news with splashy announsements. As one example, reuters reported back in april 2024 that tesla was planning to pivot away from producing a cheaper, long-anticipated $ 25,000 check. After that report came out, musk rushed out Announcement that he would produce a robotaxi, an event that waste delayed From that summer to the fall of 2024. The actual unveiling was underwhelming to say the least, with some highly decision magic tricksAnd musk continues to promise big things about his cybercab while we all wait. Musk insisted tuesday that there will be fully autonomous taxi rides in Austin, Texas, by June, they just won’t be cybercabs.
“The teslas that will be fully autonomous in june in austin will be model ys, so that is currently on track to be able to do pay paid rides, full autonomous in June, and next to be in the us in the us End of this year, “Musk said on the call,
https://www.youtube.com/watch?v=SVJPNPT6N3G
Many people have had a previous taken his announsement about the austin launch October 2024But it will take years and possible decades for the cybercab to become a reality at scare, if they evr do, according to most autonomous driving experts.
Musk received a question from annalyst on the earnings call about details involving the kind of remote control that may be needed to operate his Robotaxi service, but heemed expert reel Explain. “It’s only a couple months away. So you can just see for yourself in a couple months in austin,” Musk said.
The earnings call on tuesday was perhaps notable for having far less hype than usual. Yes, Musk Tried to Promise That His Optimus Robots BE Operating in Tesla Factories by the End of 2025. And He made some other Vague Futuristic Promies About Full Self-Driving in the Coming in the Coming in the Coming in the Coming in the Coming in the But musk’s tone was noticeably downbeat and he didn’t have the same carnival-style salesmanship that often acompanies any public Facing Announcement for Tesla.
Tesla dealerships and showrooms have been the site of mass protests account the country since musk launched dog, the so-called department of government efficiency. There have also also been cases of vandalism and arson, with some people facing federal terrorism charges briefs by the US department of justice. Musk insisted on the earnings call that protest against him are “very organized” and “paid for,” paid for, “reepeating suggestions Demonstrations. Musk also said the “real reason” there are protests against him is that people who are receiving fraudulent money from government agencies that are now available Musk has never provided any evidence for this assertion.
Notably, Musk Said he would be stepping back from dog after may but didn’t go into any detail about what that would mean. Even Thought he said he would be esing up on his involvement, billionaire said that he would remain in the government through presiding trump’s entrera term, which is almost suposed to last forr. Thought he’s said reepeatedly he’d like to stay in office beyond that.
In his relevant short time in government, musk has helped destroyed vital services and unlawfully abolished the united states agency for international development. Dog has been credited with laying off over 280,000 people at 27 different government agencies, according to CBS NewsAnd musk has been particularly heartless to that people, insisting they should get “real jobs.”
Musk and dog do’t actually have the legal authority to do almost any of this so-called cost-cutting, insurance congress alone has the sole authority to create agencies, allocate funds, and take the fund When it decides to do so. But that hasn’t stopped musk, who seems to believe he can unilaterally cut Anything He Wants.
Incredibly, dog is reportedly not even doing much to cut actual spending by the US government, according to the New York TimesHow could that be? Well, the vast majority of federal spending is on things like the us military, medicine, medicine, and social security. And while there has been some proposals to cut programs at the pentagon, that’s money which will reportedly be spent on trump’s pet projects like the GOLDEN DOME Missile Defense Program. Cuts to Programs Like Social Security Have Been Relatively Modest So far but they’re already causing longer wait time for Seniyors Trying to get help over the phone. And there’s no telling what they’ll cut next after the Congress try to take their axicaid with their latest budget bill.
Musk, Along with Trump, Has Helped What the Billionaire Oligarch has reepeatedly called a revolutionBut it’s wash an anti-Human Attack on Anything Good in America, that it’s no wonder consumers have deceded maybe buying a tesla isna’t for them.