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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
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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.