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Tesla’s massive 71% profit loss pushes Elon Musk to limit government work with DOGE
(sinhalaguide.com)
this post was submitted on 06 May 2025
513 points (97.4% liked)
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71% profit loss males me feel uplifted.
I think it's actually worse, because they have stocked up on unsold cars, and those cars are probably booked at way to high value.
With constantly dropping EV prices, that unsold car park is depreciating fast. And when Tesla finally has to write them down, it will be very painful on the books.
Tesla has worked really hard to achieve cheaper production of scale, but when that scale dwindles, Tesla is stuck with the cost of enormous surplus production capacity. That cost money, and factories will probably have to close, and writing off the value of a big production plant is losing money too.
Teslas entire valutation is based on bullshit promises by Elon. Because there is no way they can be somehow more valuable than Toyota, Hyundai, VW, Honda, Renault, Stellantis and several other brands combined solely based on actual sales.
Some claim AI and RoboTaxi, but I bet if they try to implement RoboTaxi this year, it will just be a small test implementation (to learn).
Except Tesla already boast about all the learning they gain from millions of Tesla cars on the roads already.
So how will they "learn" anything useful from just a few "test" cars?
The real reason is of course pure PR.
But despite the limited scope I expect, I still expect it will end in disaster. Because Tesla FSD simply isn't good enough, and Tesla has an extremely poor track record on safety.
What I would give for similar news regarding Amazon.
I haven't used Amazon in more than 20 years. And I'm never going to use them.
I still have 175€ in Amazon gift cards from birthday presents and such. I'm not using them but I still said thank you lol
Even tho that probably doesn't do anything because Amazon already got that money, huh?
Amazon will be delighted to keep the money. Spend the vouchers and donate the stuff you buy to charity if you want, but don’t let Amazon keep 100% margin unused gift cards!
Yeah, you're right. It's stupid to hold onto them because they are already paid for. Maybe I'll treat myself to a new RaspPi (mine is old as time, still model 2B)
You are basically giving them free money.
Let's make it 200%
I want to see the fucker sitting on a corner with a tin cup and a cardboard sign
With Trump holding the sign and Musk holding the cup.
Trump can't write a sign
He's fucking illiterate
No one said the sign was legible.
True
He's likely to stop paying attention halfway through writing it due to his dementia and eat the crayon
Two guys one cup.
Most of his income has nothing to do with Tesla.
However it happens, I want to see him ruined.