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Tesla earnings plunge 71 percent in first quarter

Discussion in 'Too Hot for Swamp Gas' started by G8tas, Apr 22, 2025 at 7:18 PM.

  1. G8tas

    G8tas GC Hall of Fame

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    Tesla’s quarterly earnings dropped by 71 percent, the company announced Monday, marking the latest sign of bad news for Elon Musk’s electric vehicle manufacturer as scrutiny of the tech billionaire persists.

    The electric vehicle company reported a 9 percent decline in revenue for the first three months of this year. Its earnings totaled $409 million, down from $1.4 billion in the first quarter of last year, the company said.

    Tesla’s stock closed Tuesday afternoon at $238 a share, a nearly 37 percent drop from the beginning of the year.

    The numbers, which fall far below analysts’ expectations, come amid mounting scrutiny of Musk over his leadership of President Trump’s so-called Department of Government Efficiency” cost-cutting initiative.

    https://thehill.com/policy/technology/5260868-tesla-earnings-drop/

    This stock is going to get destroyed tomorrow
     
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  2. docspor

    docspor GC Hall of Fame

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    it's up about 5% after hours...mkt expected worse
     
  3. citygator

    citygator GC Hall of Fame

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    It plummeted the day before. The market did not expect worse. You can’t find an estimate that low unless I misread.
     
  4. gatorrob87

    gatorrob87 GC Legend

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    upload_2025-4-22_19-30-45.gif upload_2025-4-22_19-30-45.gif
     
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  5. citygator

    citygator GC Hall of Fame

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    Elon’s play money but it will cost real people real jobs and real savings.
     
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  6. vaxcardinal

    vaxcardinal GC Hall of Fame

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    Don’t think he’ll be hurting for money
     
  7. G8tas

    G8tas GC Hall of Fame

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    Musk isn't the only person at Tesla that will be impacted by their historic drop in sales
     
  8. docspor

    docspor GC Hall of Fame

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    I am talking about the mkt expectation not analysts....which we don't know. I am inferring it due to the after hrs pop.
     
  9. Gatorrick22

    Gatorrick22 GC Hall of Fame

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    The Liberals bought this stock in massive amounts. I hope they can "love" Elon again. Lol... :eek::D:rolleyes::)
     
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  10. 108

    108 Premium Member

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    On Elon for wading too much into partisan politics, and his company is now paying the price, which is why it’s generally considered not to be a good idea.
     
    Last edited: Apr 23, 2025 at 10:42 AM
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  11. citygator

    citygator GC Hall of Fame

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    Unless you are REI or Ben and Jerry’s and your consumer base is very partisan and you support their partisanship. But to have a firmly left consumer base and go full righty is legendary level of incompetence.
     
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  12. G8R92

    G8R92 GC Hall of Fame

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    It’s still grossly over priced with a P/E at 116
     
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  13. g8orbill

    g8orbill Old Gator Moderator VIP Member

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    this is totally on the left and their haters- they hate Trump and the hate Elon for supporting him- they physically damage vehicles and dealerships - they harass people who have bought one- there is zero excuse for this -NONE
     
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  14. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Any liberal motivated by politics would have cashed out for huge profits months ago… but given how this went, hopefully a lot of Trumpsters got in at the worst possible time. Was that you? Is that why you are begging liberals to love Musk again?
     
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  15. wgbgator

    wgbgator Premium Member

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    Just goes to show you that you better buy the car we tell you to, this is the power we have. Or maybe you are just too chicken to buy a cybertruck to own the libs.
     
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  16. citygator

    citygator GC Hall of Fame

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    I guess I am not authorized to post when I think someone is off topic without getting deleted. I will settle for using the approved emojis.
     
  17. g8orbill

    g8orbill Old Gator Moderator VIP Member

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  18. wgbgator

    wgbgator Premium Member

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    Hmm ... If you arent buying a Tesla, maybe you are culpable too
     
  19. gator_jo

    gator_jo GC Hall of Fame

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    Unless they're doing it for Donald Trump's lies, right?

    [​IMG]
     
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  20. sierragator

    sierragator GC Hall of Fame

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    well bless their hearts