Tesla reported lower-than-expected earnings on Tuesday, with profits down 71% in the first quarter, while sales of electric vehicles were much lower. Given that Tesla CEO Elon Musk is the open face of the company and continues to help President Donald Trump destroy the U.S. federal government while peddling extreme extremism on its social media platform.
Musk tried to give off some bright red spin on his EV company’s status on Tuesday’s earnings call, but he still sounded frustrated. The billionaire’s tone was softened as he emphasized that the automatic ride he launched in Texas this June was not the online vehicle many people expected on social media. The company will only run Tesla models to pick up passengers, opening news for some people who hope Musk can provide something unique.
Tesla reported revenue in the first quarter of $19.3 billion, down 9% from the same period last year. The company has produced 362,000 cars and delivered more than 336,000. Delivery volumes of Tesla’s Model 3 and Model Y fell by 12%. While the company didn’t break official figures for Cybertruck, product barrels, including trucks, fell 24%, perhaps because it was the tool most relevant to Musk’s fascist brand.
After Musk began to express racism and anti-Semitic ideas, the Sebert-style racing car began delivering from the end of 2023. Consumers might assume that anyone with Seibock is fully on Musk’s agenda, while owners of Model 3 and Model Y vehicles will have more room for the car, as the billionaire oligarchs put themselves in the open villain.
Tesla reported adjusted earnings per share adjusted to 27 cents, well below analysts’ expectations of 41 cents. The only highlight of the company’s figures is the $595 million in revenue brought in from carbon credit, a traditional gasoline-powered car made by auto companies to offset the pollution it generates. Without these carbon credits, Tesla would have posted operating losses for the quarter.
As the Wall Street Journal pointed out, if President Trump pays higher taxes on imported goods, Tesla will face a future of high tariffs. The cars Tesla sells in the United States are made in California and Texas, but many of the parts are imported from other countries and reach prices at a 25% tariff. Musk spoke out against the tariffs and emphasized in his earnings call on Tuesday that he was “one of the president’s many advisers, I’m not president.”
Musk often tries to distract himself by announcing quick announcements. As an example, Reuters reported in April 2024 that Tesla is planning to avoid making a cheaper, expected $25,000 vehicle. After the report was released, Musk announced that he would make a robot, the incident was postponed from that summer until fall 2024. At least, the actual unveiling was incredible, with some highly deceptive magic tricks to say the least, Musk was waiting for his Cybercab while we were all. Musk insisted on Tuesday that by June, Austin, Texas, will have fully autonomous taxis and they just won’t be online tellers.
“Tesla, which will be fully autonomous in Austin in June, will be the model YS, so it is currently expected to be fully autonomous in June and then autonomous in many other cities in the United States by the end of this year,” Musk said on the phone.
https://www.youtube.com/watch?v=svjpnpt6n3g
Previously, many people had previously announced the announcement of Austin launch, indicating that he will be deploying a network cabinet announced in October 2024. But, according to most autonomous driving experts, if they ever had it, it would take years for the network Kubi to become a reality.
Musk received questions from analysts about details about the remote control needed to operate his Robotaxi service, but he seemed very reluctant to explain. “It’s only a few months away. So you can see yourself in Austin in a few months,” Musk said.
Tuesday’s earnings call could be noticeable because of less hype than usual. Yes, Musk is trying to assure that by the end of 2025, his Optimus robot will operate in Tesla’s factory. He has made some other vague future attitudes in the coming years. But Musk’s tone is obviously frustrating, and he doesn’t have the same carnival-style salesmanship, usually accompanied by a public announcement of Tesla.
Tesla’s dealerships and showrooms have been the site of mass protests nationwide since Musk set up the so-called government efficiency division Doge. There are also cases of vandalism and arson, with some facing federal terrorism charges filed by the U.S. Department of Justice. Musk insisted that protesting against his protests was “very organized” and “paid”, and he previously proposed to shady financiers who allegedly funded the demonstrations. Musk also said the “real reason” protested against people who received fraudulent money from government agencies that are now being cut. Musk never provided any evidence to prove this claim.
It is worth noting that Musk said he will withdraw from Doge after May, but did not elaborate on what that means. Even if he says he will relax his involvement, the billionaire says he will remain in the administration through President Trump’s entire term, which can only last four years. Trump has repeatedly stated that he wants to continue serving, which would be unconstitutional.
In the administration, Musk helped destroy important services in a relatively short period of time and illegally abolished the U.S. international development agencies. Doge has laid off 280,000 employees in 27 different government agencies, while Musk is particularly ruthless to those, insisting that they deserve “real jobs.”
Musk and Doge actually don’t have legal powers to do almost any so-called cost cuts, because Congress alone has the only power to create institutions, allocate funds and take those funds away when deciding to do so. But that didn’t stop Musk, who seemed to believe he could unilaterally cut anything he wanted.
Incredibly, Doge reportedly didn’t even do much to cut down on actual U.S. government spending, according to The New York Times. How is that possible? Well, the vast majority of federal spending is in the U.S. military, Medicare, Medicaid, and Social Security. While some suggestions for the Pentagon cuts have been made, it will be reportedly spent on Trump’s pet projects, such as the Golden Dome missile defense program. So far, cuts to programs such as Social Security have been relatively small, but they have created longer waiting times for older people trying to get help over the phone. What will they cut next after Congressional Republicans try to bring the axe to Medicaid with their latest budget bills.
Musk and Trump helped billionaire oligarchs repeatedly call it revolution. But it’s no surprise that this is an anti-human attack on anything good in the United States, and consumers’ decision to buy Tesla is not suitable for them.
