Tesla's first-quarter earnings report lands as investors reckon with a steep slide in the company's stock price.

KEY POINTS

  • Tesla missed on the top and bottom lines in its first-quarter earnings report.
  • Automotive revenue plunged 20% from a year earlier.
  • The stock, down 41% so far this year, was little changed in extended trading.
  • RememberTheApollo_@lemmy.world
    3·
    22 days ago

    The stock is pretty flat despite the bump over the winter. It’s approximately the same as it was last fall. Can’t believe it went up relative to Muskrat’s involvement in politics.

  • j0ester@lemmy.world
    1·
    21 days ago

    No worries. All our tax money is just going to have Donald golfing, Tesla Cyberstucks, and Space X.

    • bitchkat@lemmy.worldEnglish
      10·
      22 days ago

      All vehicles sold in North America are assembled in Fremont CA or Austin TX. But they still pay tariffs on components they import.

    • thanksforallthefish@literature.cafe
      2·
      22 days ago

      Quite the opposite

      https://eu.usatoday.com/story/money/2025/03/31/top-10-most-american-cars/82739892007/

      https://www.forbes.com/sites/jimgorzelany/2023/06/21/all-four-tesla-models-are-ranked-as-the-most-american-vehicles-for-2023/

      “All cars source at least some parts internationally, but some are more “American” than others. Cars.com’s American-Made Index ranks the “most American” cars and one brand has topped the list consistently for the last several years: Tesla.”

      • MrNesser@lemmy.world
        2·
        22 days ago

        That is an actual suprise I would have assumed most of the tech was built overseas and shipped.

        • NotMyOldRedditName@lemmy.world
          2·
          21 days ago

          The story goes that when Tesla was new, no one wanted to work with them since new auto companies generally fail, and it was EVs at that. Additionally, there wasn’t a supply chain to support EVs either.

          So in addition to setting up new supply chains (which did involve overseas stuff) they ended up making a lot of their own things, becoming very vertically integrated from the start. That learning to support themselves has persisted ever since.

          They were always pretty focused on keeping the supply chain as local as possible as that reduces all the shipping costs. There are actually parts you could buy overseas for $X but when you look at the life cycle of that object it’s actually gone around the world many times before it becomes what you want. You can save a lot of money if you find a way to avoid that. That could for example involve finding a raw material company locally, and then convincing a local manufacturing company to build this new thing for you using raw materials from the other local company. It’s not simply oh we just find someone already making this existing thing in USA instead of China (but it can be that too), it’s actually putting the supply chain and manufacturing capacity together so it becomes local.

          It’s probably one of the biggest reasons why they make more money on their EVs than others.

          They’ve literally built a lithium refining facility as an example of the level of vertical integration they have. They plan to extract their own lithium in the future (they own land in Nevada with it), refine it themselves (this year), they build their own cathode, and put it into their own battery cells.

    • NotMyOldRedditName@lemmy.world
      4·
      22 days ago

      Tealas are the most American made car multiple years running.

      On the earnings call they said something like 85% of the parts also come from North America which is far greater than other OEMs.

  • tacosanonymous@lemm.ee
    32·
    22 days ago

    Is that why he just lied about Tesla having cars that will deliver themselves? More insider trading?

  • BigMikeInAustin@lemmy.worldEnglish
    25·
    22 days ago

    Elon had to stop the regulatory investigations into him. He had to keep himself out of jail. We wanted to secure more government contracts to tower projects.

    Tesla was a means to an end for Elon, and Elon doesn’t care at all about anyone except himself.

    And Elon took care of anyone in the government who could enforce the rules that were supposed to enforce procedures with stock and loans.

  • rauls4@lemm.ee
    106·
    22 days ago

    I find it hilarious that most media outlets blame the fall on Leon not being present at Tesla, when it’s his very existence that has caused things to plummet. The last thing he should do is return to Tesla. The board should fire his ass and try to rebuild what’s left of the brand.

    • hobovision@lemm.ee
      10·
      22 days ago

      This result has probably been priced in since it hit the current floor in March. The bump after the report is likely because there were no bombshells in it. They’re saying they’re still on track for all the vaporware that the valuation is based on. It will drop again when they’re inevitably delayed and it becomes clear the robots and AI taxis aren’t revolutionary but just exactly what other companies already beat them to.