• Th0rgue@lemmy.world
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    10 hours ago

    Tesla stocks skyrocketed when Musk looked like he was unoficially elected as the new president. Now that he’s got all the files he needs via Doge and he’s backing out, they went back to normal growth.

    • leadore@lemmy.world
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      9 hours ago

      Tesla’s stock price going up or down is a completely different matter than company earnings. The report is on their actual company profits, which are down 71% – meaning they aren’t selling as many cars. That’s a big deal. Let’s keep making sure that owning a Tesla becomes completely socially unacceptable.

      Tesla reported lower than expected earnings on Tuesday, with first-quarter profits dropping 71% on much lower sales of electric vehicles.

    • iridebikes@lemmy.world
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      10 hours ago

      The issue is less that they’ve returned to normal growth and more that they have lost countless future sales. This is only the beginning of Tesla’s woes.