Tesla earnings plunge 71 percent in first quarter

Another big competitor just made a huge announcement going after the long-range SUV market. At this point, the only competitive advantage held by Tesla in the car market is the ability to get the government to throw up trade barriers against Chinese competitors.

Xiaomi takes aim at Tesla's bestselling car in China with its longer-range YU7

 

To be fair, if we don’t have those trade barriers we don’t have a domestic auto industry. Not a one of them, whether the traditional giants or newcomers like Tesla, Rivian and Lucid would remain in business.

 

Sales are plunging. They need to can Elon or they wont come back.

Tesla Europe sales plunge 49% as Elon Musk brand fallout continues

Points

• Tesla sold 7,261 cars in Europe in April, down 49% year on year, according to the European Automobile Manufacturers’ Association.
• Tesla has suffered brand damage over the past few months because of CEO Elon Musk’s political involvement with U.S. President Donald Trump.
• Tesla is also facing heightened competition in Europe.

 

Elon is a market changer. Without him ev adoption would be so far behind where we are now. He has revolutionized the space industry and if starship flies he will push us further along. Having said that he is a political idiot. He reminds me a bit of Henry ford who revolutionized car production a century ago and then supported Hitler. It is possible to be a genius and an idiot at the same time.

 

I am the key demographic. Tesla will see zero of my earnings forever if Elon benefits. Sorry to the workers there but maybe they can buy 2 dolls instead of 20 for their kids.

 

A little OT but on domestic production. Years back there was a segment on 60 minutes or such ( before everyone turned to murder pods) on an automaker complaining about markets they couldn’t get into because of governments. It was then pointed out that they didn’t have a right hand drive option in those countries.

A lot of folks can’t see the forest for the trees.

 

ruh roh raggy, even his orange investment couldn't help here.

his entire approach to self driving is flawed and the bloated PE of tesla is tied to it

Why Shares of Pony AI Are Surging Today | The Motley Fool

Shares of the Chinese autonomous driving company Pony AI (PONY 14.76%) traded roughly 12% higher as of 10:21 a.m. ET today. The company announced that it has entered a memorandum of understanding with Dubai's Roads and Transport Authority (RTA) to use the company's self-driving vehicles in the region.

Another partnership
Since Pony AI debuted its seventh-generation autonomous driving system at an auto show in Shanghai earlier this year, investor interest has surged, and the company has seen a flurry of good news. Pony AI announced a partnership with Uber earlier this year and now one with Dubai, which has shown significant interest in full self-driving vehicles.

 

Keep thinking it’s a car company. So shortsighted. Stock will hit $600 and people on here will still be quoting “plunging” sales.

 

I hope the company can survive!

 

Stock has been generally climbing since its plunge in March

tesla stick - Yahoo Search Results

 

Hope you arent as flippant about the job cuts coming to them. That's the latest word.

 

I’m a shareholder and want them to maximize my value. Someone else’s employment isn’t my concern.

 

What are they? It is weird that a non-car company would open its earning reports by reporting how many cars it sold...

Are you trying to meme stock them or something?

 

My neighbors bought one last week but they are not a bunch of whiny little babies they are well off.

 

Me and 30-50% fewer customers are interested in maximizing your value. Good luck.

 

Robots is and

Robotaxis and robotics/humanoids.

 

Care to wager on the companies value in the coming years? You should feel confident with the power of your wallet to impact the company for sure.

 

No. I am scared a car company that isnt a car company will make a zillion dollars selling something it has not produced a single one of yet.

Tesla future:

 

Okay. Two big questions then:

1. What is the comparative advantage on "robotaxis" (which, it should be noted, is a car) that makes them more likely to be able to extract significant profit above direct competitors like BYD or indirect competitors like Uber (who might be able to slip the software into the OS for any car)?

2. Why do we want many humanoid robots? Human bodies are terrific generalists, but the need for generalist robots seems pretty minor. I would think the market for robots tasked with specific tasks would be a far larger market.