Tesla to Bud Light: hold my beer!

[jon-nyc]

[Horace]

@jon-nyc said in Tesla to Bud Light: hold my beer!:

First quarter was before the economic world war declared by Trump. It doesn't look to get better from there.

[jon-nyc]

Earnings today.

• Missed top line and bottom line numbers. Profit down 71%
• 3 and Y deliveries down 12%, cyber truck down 24%
• backed off a previous statement that sales would grow in 25
• almost $600MM in revenues came from selling regulatory credits. Without selling these pieces of government paper, it would have posted a loss.

[Horace]

Stock is up in after-hours trading.

[jon-nyc]

Bad news was priced in. It was down just a bit after the announcement.

[jon-nyc]

Apparently Musk said he’ll spend more time with Tesla than Doge next month. That probably explains the boost.

[taiwan_girl]

@jon-nyc said in Tesla to Bud Light: hold my beer!:

cyber truck down 24%

https://www.popularmechanics.com/cars/hybrid-electric/a64516018/cybertruck-sales-bad/

1 Million People Reserved a Tesla Cybertruck. In the End, Only 5% Actually Meant It.

[Horace]

@jon-nyc said in Tesla to Bud Light: hold my beer!:

Apparently Musk said he’ll spend more time with Tesla than Doge next month. That probably explains the boost.

It was flat after the numbers were released. Then it went up during the conference call, which is not uncommon. I guess that’s what it was.

[LuFins Dad]

His time with DOGE is limited, anyway. May 20th is the limit, no?

[jon-nyc]

Saw this in the wild this morning.

[taiwan_girl]

https://lawandsocietymagazine.com/expert-have-named-musks-doge-involvement-one-of-the-greatest-brand-destructions/

The prominent US marketing professor Scott Galloway said Elon Musk’s decision to implement brutal job and spending cuts within the federal government on behalf of the Trump administration was “one of the greatest brand destructions” ever.

and

“He’s alienated the wrong people,” Galloway remarked. “Three-quarters of Republicans would never consider buying an EV. So he’s cozied up to the people who aren’t interested in EVs.”

Galloway also rattled off figures maintaining that Tesla’s sales were down 59% in France, 81% in Sweden, 74% in the Netherlands, 66% in Denmark, 50% in Switzerland and 33% in Portugal.