- cross-posted to:
- technology@beehaw.org
- usa@lemmy.ml
- cross-posted to:
- technology@beehaw.org
- usa@lemmy.ml
Yesterday evening, Tesla reported first-quarter earnings for 2025, and they were abysmal: Profits dropped 71% from the same time last year.
Musk sounded bitter on the call with investors that followed, blaming the company’s misfortune on protesters who have raged at Tesla dealerships around the world over his role running DOGE and his ardent support of far-right politicians.
“The protests that you’ll see out there, they’re very organized. They’re paid for,” he said, without evidence.
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do none of the investors just go “shut the fuck up you sig heiling cunt”?
The same investors who were fine with Musk peddling himself as real-life Tony Stark?
One is remarkably worse than the other
tech investors are fucking idiots who chase after shiny objects in hopes of the next big thing. it’s one thing for these morons to be impressed by a wannabe Tony Stark, and another to be ok with open nazism.
They have always been okay with open nazism
Nah, they are either true believers or the “420.69 lol” crowd
If you were a left wing investor, why would you invest in a company fronted by a right wing person?
If you weren’t bothered by that, why would you invest in an over valued, over hyped, badly managed company?
not about being left wing. the right wing came up with “alt-right” for a reason. they knew the nazi shit is toxic. there’s no doubt that his sig heil played a major role in regular or otherwise indifferent people to really feel icky about him. the shit he did with doge didn’t help of course.
investors care about money. it’s easy to see the sig heil was the beginning of the freefall. even if you’re a nazi you should know that’s not a thing to do. so this is not about the political views of the investors at all.
Ok. It would have been better to say if you were bothered by his views, his actions at Twitter, and DOGE. I just tried to put it simply.
I also wasn’t meaning to take away from what you said in any way.
I mean I can’t imagine being in an investor call where this guy is just crying about organized protests and making excuses and not thinking “yeah even if this is all paid, it all started because you sig heiled twice on national television you fucking idiot”… but I guess people are willing to hold their tongue when the dumbest, most unlikeable person alive is also the richest.
It’s equally possible that all these people are as dumb as he is.
I read a comment a couple of week back by someone who heavily bought into Musk being a genius and Tesla being amazing, I could imagine that being my first introduction to Musk and maybe thinking “hey I should give this guy all my money”, but fortunately I’m not that daft.
It is a mistake to lead off with “here’s the thing about Elon Musk,” because there’s LOADS of things with Musk, but in particular. Let’s set aside how ludicrous it is to claim that the protesters are being funded by some outside source, because sure that’s worked in the past, and of course it’s the Democrats, those notably cash-positive people, who are doing it.
Elon Musk is THE RICHEST MAN IN THE WORLD. If anyone could beat a theoretical money-backed protest against him, it would be him. Just offer to beat the offer of anyone funding the protesters. That’s it! If they’re only in it for the money then the protest would fold immediately.
More than that, Musk has literally paid people to vote in his favor in the Wisconsin Supreme Court race! The levels of hypocrisy are so staggeringly great that it risks materializing actual hippopotamuses on his properties.
so when can I expect my paycheck for being a paid protestor?
Probably about 3 weeks before the DGE Efficiency Cheques?
i’d kinda like to see a movie about some sales guys at tesla trying to sell their way around this, maybe dane cook/jeremy piven… and have their discussions with management, and their cooling off after hours. and michael sara just stumbles around with no sense of context and accidently being top rep.
The world would be better without you, Elon. And you’re such a sad little shit you’re probably reading these comments hoping someone will like you.
Kill yourself, Elon. Everyone will be sorry then.
as someone who will definitely be sorry if elon kills himself i would really like elon to kill homework just to prove that i indeed will be sorry
Kill homework?
I’m not in school anymore…but I feel like Elon killing homework would have been widely applauded by students everywhere…
fucking autocorrect!!!
I hope I can get your support in my personal life mission? I’m on a cerebral crusade of minds…I put a lot of personal effort into getting people to join me in calling it what it is…
Autoassume!
Still over here hoping his penis pump explodes and burns him to death from the dick up.
My faith in magic and wonder in this world is restored!
Free market go brrr
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Are there any ETFs that I can put money into that short Tesla for mentally handicapped retail investors like me? For example, inverse REITs are an easy way to short the housing market.
TSLQ
But, I don’t think it’s smart. Holding this for more than a day or two is irresponsible. You capture more risk on the up days then you will gain on the down days of the underlying ticker.
Instead, invest in a business you expect to grow. Just ignore the failing ones.
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Worth bearing in mind that EV sales increased something like 24% in Europe from last year, so Tesla (lack of) sales have to be adjusted for that. Even if the number of cars they sold had remained static it would still be troubling.
europe has so many ev’s that cheaper than tesla and with better build quality and service than tesla
and 100% less naziism
and 100% less naziism
For whatever reason this sparked a whole bunch of nonsense in my brain like “100% nazi-free chicken!”
And “should I drink skim milk or 2% Nazi milk?”
or “buy the new German EV, it’s got 50% less nazi than our leading competitors!”
Thanks for that brainwave
But what about fish? Is fish gay?
That 50% that you built into the car, which half? Or do you grind it up into a paste and put in 50% by volume? Also, is it built into a specific part, or kind of spread throughout?
He should be totally overjoyed, not bitter.
The current stock price, despite YTD of -36%, is still way over any kind of realistic valuation. And by that I mean orders of magnitude off.
Price to earnings makes it still look like a very, very, very hopeful/optimistic startup in the development phase, rather than a withering, fake luxury, niche automaker facing boycotts and being “run” by a full-blown Nazi that everyone hates.
If you still own Tesla shares, get the fuck out of it now. The recent collapse is nothing.
if tsla dropped 71% (more) like its profits have, it would still way over
I read that hedgefunds use Tesla as colatteral and can’t let it go down much more. Don’t know if true but pretty interesting. If enough people sell they can’t keep the price up and fun times will begin which I hope for.
Collapsing hedge funds would be the icing on the cake.
I have to say, if someone whispered in my ear “collapsing hedge funds” it would romantic af.
The problem is it’s in the S & P 500 and a lot of ETFs have it packaged in as a result. If pensions find managers start dropping TSLA…
I wonder how much is big pension funds vs. foreign interests (mainly Saudis and Russian Oligarchs)?
The current stock price, despite YTD of -36%, is still way over any kind of realistic valuation. And by that I mean orders of magnitude off.
It is a stock only in the name. For all intents and purposes, it is a crypto memecoin.
Tesla stock went up after the earnings.
What a fucking joke.
Based on him saying he was leaving the deeply unpopular and public slashing of the federal government.
The market seriously thinks Tesla will be selling well again when hes not wearing MAGA hats so publicly.
Agreed. Their P/E ratio is still in dreamland. Look at the P/E ratio of any other car company and compare to this dumpster fire of a company.
People like fElon say they aren’t like other car companies; they are a “technology” company. I say that’s bullshit.
$0.12 eps is amazing. I’m pretty sure Tesler stock is a money laundering vehicle.
That would be the most reliable vehicle they have!
And even that isn’t working
This 100%. Tesla remains massively overvalued, and it’s on the basis that in the future the company will dominate with self drive cars. It’s vaporware on a scale never before seen.
Tesla has fundamentally flawed self-drive technology because someone stripped out essential tech to save money. Lidar is essential to self driving cars but some genius decided they knew better than their own engineers and the self drive industry as a whole and instead made their vehicles and tech camera only. That genius? Elon fucking Musk.
The guy’s an idiot. The company is an overpriced joke.
Luckily the party is probably on its way to being over. It’s not like Elon decreasing his public presence with the president will make sales suddenly rebound.
What everyone here is also missing is that it’s 71% profit loss with tax credits which means they saw this loss coming and scrambled to cash in some stuff so it didn’t look as bad. Without that, they would have reported a decent loss like they will next quarter.
And fundamentally how would they fix their current issue? They could distance from elon but that would be a slow burn. They can’t make new cars. Can’t discount their cars much. They can’t do much of anything except lose more money.
musk was originally the lightning rod for all of trumps failures for the last 2-3 months, now if hes going away trump will recieve all the attention, thats why he always have to make stupid gaffes to distract people.
And fundamentally how would they fix their current issue? They could distance from elon but that would be a slow burn
They can’t distance from Elon because his supposed genius is a key factor in why they’re so absurdly overvalued. If they dump him, they immediately get viewed as a car company. Car companies have P/E ratios of about 7, if they’re well run like Toyota. That would mean they’d lose 95% of their value.
If they don’t distance from Elon, then they have to deal with his personal brand constantly tarnishing their corporate brand. Somehow they have to convince themselves that people will get over Elon fast enough to get their sales back up. Even if he “gets out of politics”, whatever that means, I don’t see that happening. He has burned all his bridges, and there’s no going back.
Also, it’s absolutely ridiculous that they would have a high valuation because of self-driving cars. Tesla is the company in absolutely last place when it comes to developing self-driving car technology. They don’t even use LIDAR, so they can be fooled by a Bugs Bunny / Roadrunner trick.
Waymo is probably in first place in self-driving tech. They have actually been running a taxi service for years using self-driving cars. Cruise was probably in second place before they were shut down and absorbed into GM. So, you could maybe say GM is in second place. Zoox, Pony.ai, Motional, etc. are also all doing well. Tesla is probably dead last, and their very public failures are dragging the industry down. The fact that they called their tech “full self-driving” and that it was so bad prompted all the other companies to rename what they were doing so they weren’t associated with Tesla.
Eventually someone’s going to make a killing shorting Tesla. The only problem is that markets can remain irrational longer than most people can remain solvent. Who knows when this might finally end.
Psst… you know that Waymo is also looking into AI models that don’t use lidar? And it’s not just Tesla and Waymo now either, there’s some others as well.
https://waymo.com/research/emma
We introduce EMMA, an End-to-end Multimodal Model for Autonomous driving. Built on a multi-modal large language model foundation, EMMA directly maps raw camera sensor data into various driving-specific outputs, including planner trajectories, perception objects, and road graph elements.
Thats not to say that it will be a success, but ya know, maybe it’s actually possible, and even Waymo seems to think it’s possible and worth researching. Thats a lot of people looking into something thats clearly “fundamentally flawed”
As I understand it, it is fundamentally possible, but at this point one of the worst bottle necks is the physical processing power required to analyze the video feed. Millisecond paced analysis of multiple aspects of multiple HD video feeds in real time by “AI” still takes some pretty heavy duty computational hardware at this point, which is impractical in a real world vehicle. It is prudent to do the research now though to be ready for the day when the hardware catches up. That said, I reckon that Waymo is in a much better position to do this research than than Tesla. Being under Google/Alphabet, they have access to the nearly 2 decades worth of Google Maps and Google’s machine vision training work, among other things, like not being a meme stock company headed by an emperor whose clothes are beginning to dissapear.
However, EMMA also exhibits certain limitations: it can process only a small amount of image frames, does not incorporate accurate 3D sensing modalities like LiDAR or radar and is computationally expensive.
And found it wanting compared to systems that incorporate LiDAR
I was just looking through the linked PDF and I’ll actually retract what I said earlier about not finding it wanting, and them just listing limitations.
In the research paper linked it is more explicit
“Despite these promising results, EMMA is not without its limitations. In particular, it faces challenges for real-world deployment due to: (1) limitations in 3D spatial reasoning due to its inability to fuse camera inputs with LiDAR or radar, (2) the need for realistic and computationally expensive sensor simulation to power its closed-loop evaluation, and (3) the increased computational requirements relative to conventional models. We plan to better understand and address such challenges in future work.”
This is more clear that it’s not just listing limitations, but it also finds it not doing as well because of it.
That I’d call wanting.
That’s not really saying its wanting, it’s just saying it’s limitations.
The model they’ve created can’t process those extra things. It still performed very well in their early testing.
Edit: on mobile now (was on desktop) but the article linking to the source said it was out performing other systems, but they didn’t specifically test it against the waymo production system. It also said it would be difficult to feed other sources into it as it’s more complicated than images.
It is fundamentally flawed because everyone that tries it ends up killing motorcyclists.
If they can kill motorcyclists faster than motorcyclists can kill themselves that is impressive.
I want you to seriously think for a moment if you would say that to someone who has lost a friend or a father, who was doing nothing wrong, to a preventable issue resulting from Elon Musk being a penny pinching cunt.
I’d not intentionally be a dick to someone who obviously has learned that lesson the hardest way.
I’d absolutely say that to someone random in the hopes that it saves someone’s friend or brother. If you’re riding a motorcycle without always having how dangerous they are near the front of your mind, you’re not long for this world.
Assisted driving is nowhere near the primary cause of motorcycle deaths. Phones are worse, by at least a couple orders of magnitude.
(And yeah, removing lidar was fucking stupid)
Some people are jumping on LLM hype to try to shoehorn it into a hot technology? What a surprise!
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Tesla has fundamentally flawed self-drive technology because someone stripped out essential tech to save money.
“someone”
Only his Fuhrer can save him now. Does he “not see” ?
Looks like revenue this quarter was $19.34B. That’s slightly less than the 2024 Q1 result of $21.3B. Looks like Q1 is usually lower, let’s make this trend continue to following quarters.
These are numbers for all of Q1 too, and people didn’t really start the protests until a few weeks to a month in. So in theory last quarter had a few more good weeks than next quarter will.
