Tesla reported lower than expected revenue on Tuesday, with first quarter profits down 71% due to much lower sales of electric vehicles. This news isn’t at all surprising given the fact that Tesla CEO Elon Musk is the public face of the company and that President Donald Trump continues to help destroy the US federal government while he touts far-right extremism on social media platform X.
Musk tried to put a little rose spin on his EV condition. Revenue Call Tuesday, but he still sounded very depressed. The billionaire’s tone was curtailed as he emphasized the autonomous taxi ride that he would launch in Texas this June as it was not the cybercab vehicle that many on social media were hoping for. The company operates Tesla Model YS to pick up passengers and shrinks the news for those who wanted masks to offer something unique.
Tesla reported revenue of $19.3 billion in the first quarter, down 9% compared to the same period last year. The company produced 362,000 vehicles and delivered over 336,000. Tesla Model 3 and Model Y distributions fell by 12%. The company has not split the official CyberTruck figures, but the product buckets that include the truck fell 24%. This is because it is probably the most relevant vehicle to the brand of mask fascism.
CyberTruck began deliveries in late 2023 after masks began to express racist Anti-Semitism Ideas. Consumers assume that those with cyber trucks are fully on the mask agenda, while owners of Model 3 and Model Y vehicles are given a little more room as the car can drive away the billionaire oligarchs as the obvious villain.
Tesla reported adjusted revenue of 27 cents at 27 cents. This is far lower than expected from 41 Cent analysts. The only bright spot in the company’s number was the $595 million revenue coming from carbon credits, offsetting the pollution produced by the automotive company building traditional gas-powered vehicles. Without these carbon credits, Tesla would have posted operating losses this quarter.
As Wall Street Journal Memo, Tesla faces a high tariff future if President Trump still has ridiculously high taxes on imports. The cars sold by Tesla in the US are manufactured in California and Texas, but many parts are imported from other countries and are hit by a 25% tariff. Musk has been openly speaking about tariffs, stressing in a revenue call Tuesday that he is “one of the president’s many advisers and I am not the president.”
Masks often try to distract them from the bad news with flashy announcements. As an example, Reuters reported in April 2024 that Tesla was planning to move away from producing the much cheaper, much-anticipated $25,000 vehicle. After the report was released, Musk ran out with an announcement that he would create a Robotaki, an event that was delayed from that summer until fall 2024. The actual unveiling ceremony was overwhelming to say the least. Musk claimed Tuesday that he could ride a fully autonomous taxi in Austin, Texas.
“Teslas, who will be fully autonomous in Austin in June, is a Model YS, so we can now do paid rides fully autonomous in June and by the end of this year to be in many other cities in the US,” Musk said. By phone.
https://www.youtube.com/watch?v=svjpnpt6n3g
Many previously received his announcement as a sign that he would deploy Cybercab, which he announced in October 2024, about Austin’s launch.
Musk was asked by analysts about details, including the types of remote controls needed to run the Robotaxi service, but he was very reluctant to explain. “It’s only a few months away, so I can see it for myself in Austin in a few months,” Musk said.
Tuesday’s revenue call was notable for its probably much less hype than usual. Yes, Musk tried to promise that his Optimus robot will be open at the Tesla factory by the end of 2025. And he made other vague, futuristic promises about fully autonomous driving over the next few years. But Musk’s tone was markedly downbeat, and he didn’t have the same carnival-style salesmanship that often accompany Tesla’s public announcements.
Tesla dealers and showrooms have been a venue for mass protest across the country since Musk launched Doge, the so-called government efficiency bureau. There have also been cases of vandalism and arson, with some people facing accusations of federal terrorism brought on by the US Department of Justice. Musk argued that the protests against him were “very organized” and “paid” calls for revenue, and repeated previous proposals he made about shadowy financiers, who he believed were previously funded demonstrations. Musk also said the “real reason” of protest against him is that people are receiving fraudulent money from government agencies that are currently being cut. Musk never provided evidence of this claim.
In particular, Musk said he will return from Doge after May, but did not elaborate on what that means. The billionaire said he will remain in the government throughout President Trump’s term, despite the fact that he said he would ease his involvement. Trump has repeatedly said he wants to go beyond that.
In a relatively short time in government, masks helped destroy critical services and illegally abolished the US International Development Agency. Doge is believed to have fired more than 280,000 people in 27 different government agencies. CBS Newsand claims that Musk is particularly heartless for those people and should get “real work.”
Musk and Doji don’t actually have the legal authority to do this so-called cost reduction, as Congress has the sole authority to create institutions, allocate funds and take those funds away when they decide to do so. But it doesn’t stop musk. Musk seems to believe that he can unilaterally cut what he wants.
Incredibly, Doge reportedly doesn’t do much to cut actual spending by the US government. New York Times. What should I do? Well, the majority of federal spending comes from the US military, Medicare, Medicaid, Social Security, and more. And there have been some proposals to cut the program at the Pentagon, which are reportedly spent on Trump’s pet projects, such as the Golden Dome Missile Defense Program. So far, cutting back on programs like Social Security has been relatively modest, but it has already caused long waits for older people to get help over the phone. And after Congressional Republicans attempt to bring x to Medicaid with the latest budget bill, they don’t know what they’ll cut next.
Musk, along with Trump, helped what the billionaire oligarchs called it repetition rotate. But it’s no wonder that consumers decided that it wasn’t for them to buy Tesla, as it was an anti-human attack on America’s good stuff.
