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BumRushDaShow

(158,594 posts)
Thu Jul 24, 2025, 06:13 AM Jul 24

Tesla continues its financial downturn even after Elon Musk's White House exit

Source: NBC News

July 23, 2025, 4:55 PM EDT / Updated July 23, 2025, 6:26 PM EDT


Tesla’s financial position is getting worse as the fallout continues from CEO Elon Musk’s politics.

The electric automaker reported Wednesday that both revenue and profits fell in the second quarter of the year compared with a year ago. It’s the second straight negative earnings report from the company, which has suffered damage to its brand and become a lightning rod for street demonstrations.

While Tesla is still the No. 1 seller of electric vehicles in the United States by a wide margin, the earnings report shows a deteriorating situation with no obvious quick fix for Musk, the world’s wealthiest person.

On a conference call with analysts, Musk laid out aggressive plans to try to expand Tesla’s nascent robotaxi service beyond its limited service area in Austin, Texas. He said he wants to make self-driving Tesla taxis available to half the U.S. population by the end of the year — an extremely ambitious goal that he acknowledged depends on both regulatory approvals and the service’s safety record.

Read more: https://www.nbcnews.com/tech/elon-musk/tesla-continues-financial-struggles-even-elon-musks-white-house-exit-rcna220470

26 replies = new reply since forum marked as read
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Tesla continues its financial downturn even after Elon Musk's White House exit (Original Post) BumRushDaShow Jul 24 OP
Messaging should be "Musk trying to cause people to lose their jobs" or something along those lines. cstanleytech Jul 24 #1
F-ailed f-elon wants to replace waiters and cooks in restaurants with his robots... Justice matters. Jul 24 #14
Tesla down nearly 6 pcent in pre-market trading. Tesla announced earnings Wednesday after market close. . . .nt Bernardo de La Paz Jul 24 #2
even still its over valued imho pimpbot Jul 24 #6
Such a damn shame. Irish_Dem Jul 24 #3
tesla's board knows what they need to do, but that would require them to grow a spine.nt Javaman Jul 24 #4
Exactly. Who knew corrupt capitalism required so many cowards. travelingthrulife Jul 24 #5
The goal of making "self-driving Tesla taxis available to half the U.S. population by the end of the year" seems... Ol Janx Spirit Jul 24 #7
I got to see one of those butt ugly trucks in a Lowe's parking lot last week..... Bengus81 Jul 24 #10
Not only that, but all Teslas are four wheeled CCTV cameras located on all roofs and sides, in order to ancianita Jul 24 #22
I don't see who Tesla get's saved. Gore1FL Jul 24 #8
Ding ding Hornedfrog2000 Jul 24 #20
I see this and it explains the apparent product placement advertising for "robotaxi's" on Moaning Joe this morning ToxMarz Jul 24 #9
i think tesla is in alot of trouble samsingh Jul 24 #11
He might soon be the next Mike Pillow. Bengus81 Jul 24 #12
I hope it tanks along with him. llmart Jul 24 #13
I just read of a government entiety buying a fleet of Lucid autos... IthinkThereforeIAM Jul 24 #15
The rest of the world is buying Chinese EV's and Eloon screwed himself with his buyers here by going all Raftergirl Jul 24 #16
Musk alienated his own customers Deminpenn Jul 24 #17
I live near Austin and go there often for shopping and many things but will no longer do that because I do not trust efhmc Jul 24 #18
Why does NBC think that Liberals would forget that Musk helped destroy the Fedrul Gubmint? maxsolomon Jul 24 #19
Musk and his brand are now toxic to many people Bluejeans Jul 24 #21
NOTHING will wash all the stink off that brand Skittles Jul 24 #23
Look out Elon progressoid Jul 24 #24
Kick ck4829 Jul 25 #25
If Elon wants the shit to stop, he needs to get out of politics GemDigger Jul 25 #26

cstanleytech

(27,884 posts)
1. Messaging should be "Musk trying to cause people to lose their jobs" or something along those lines.
Thu Jul 24, 2025, 06:45 AM
Jul 24

Justice matters.

(8,788 posts)
14. F-ailed f-elon wants to replace waiters and cooks in restaurants with his robots...
Thu Jul 24, 2025, 01:20 PM
Jul 24

For eff sake. Who's going to afford eating at restaurants when nobody has a job, replaced by his effin robots?

Geniu$$$ con artist!

Bernardo de La Paz

(57,666 posts)
2. Tesla down nearly 6 pcent in pre-market trading. Tesla announced earnings Wednesday after market close. . . .nt
Thu Jul 24, 2025, 06:58 AM
Jul 24

pimpbot

(1,109 posts)
6. even still its over valued imho
Thu Jul 24, 2025, 08:11 AM
Jul 24

I am not sure what is keeping the stock above 200 but everytime there is bad news it will drop but will rise back up.

Elon has jumped from scam to scam, now hes all aboard the taxi and robot train. Im sure after a few years of failing at those he will have something new, something AI and neuralink related?

Ol Janx Spirit

(385 posts)
7. The goal of making "self-driving Tesla taxis available to half the U.S. population by the end of the year" seems...
Thu Jul 24, 2025, 09:22 AM
Jul 24

...entirely dependent on being in big blue cities--the kind that really don't like Elon right now.

Printing a few hundred-thousand Swasticar stickers might be good business.

People tend to have a short memory unless you never let them forget....

Bengus81

(9,193 posts)
10. I got to see one of those butt ugly trucks in a Lowe's parking lot last week.....
Thu Jul 24, 2025, 11:25 AM
Jul 24

and take a close look at it. Holy fucking shit,people actually pay money for crap like that?? I've seen a couple going down the street but close up you can really,really see what a joke those things are.

I wouldn't be seen in one of those high school shop class disaster if someone gave me one.

My gawd...........

ancianita

(41,430 posts)
22. Not only that, but all Teslas are four wheeled CCTV cameras located on all roofs and sides, in order to
Thu Jul 24, 2025, 07:39 PM
Jul 24

send visual data and facial recognition data back to Musk's servers, which he trades on database markets. Sorry to give you bad news, but you were under more surveillance than was the the truck you examined.

Gore1FL

(22,577 posts)
8. I don't see who Tesla get's saved.
Thu Jul 24, 2025, 09:41 AM
Jul 24

TSLA is a meme stock based on Elon Musk. If they remove Elon Musk, they remove the only thing behind the inflated stock value. If they keep Musk, they will continue a long-term decline with him at the helm.

I don't think there is a way to remove the conflation of Musk and TSLA without killing TSLA.

ToxMarz

(2,535 posts)
9. I see this and it explains the apparent product placement advertising for "robotaxi's" on Moaning Joe this morning
Thu Jul 24, 2025, 11:01 AM
Jul 24

It was an odd segue and I didn't get how or why the conversation took the turn.

samsingh

(18,135 posts)
11. i think tesla is in alot of trouble
Thu Jul 24, 2025, 11:40 AM
Jul 24

the government handouts are gone

and their brand is fascist

llmart

(16,724 posts)
13. I hope it tanks along with him.
Thu Jul 24, 2025, 01:12 PM
Jul 24

He got great pleasure out of firing hundreds of thousands of people who kept our government running, so he can fuck right off.

IthinkThereforeIAM

(3,207 posts)
15. I just read of a government entiety buying a fleet of Lucid autos...
Thu Jul 24, 2025, 01:50 PM
Jul 24

... too much information overload... do not recall the location, a local, not federal.

Raftergirl

(1,693 posts)
16. The rest of the world is buying Chinese EV's and Eloon screwed himself with his buyers here by going all
Thu Jul 24, 2025, 02:06 PM
Jul 24

in on MAGA. Those buyers are lost to Tesla forever.

Deminpenn

(16,955 posts)
17. Musk alienated his own customers
Thu Jul 24, 2025, 04:03 PM
Jul 24

most of whom are people who believe in good stewardship of the environment and all the other things that generally accompany that belief.

By attaching himself to Trump, Musk lost all those current and potential customers. MAGAts aren't buying Tesla's and never will.

efhmc

(15,768 posts)
18. I live near Austin and go there often for shopping and many things but will no longer do that because I do not trust
Thu Jul 24, 2025, 04:18 PM
Jul 24

those cars.

maxsolomon

(37,152 posts)
19. Why does NBC think that Liberals would forget that Musk helped destroy the Fedrul Gubmint?
Thu Jul 24, 2025, 04:22 PM
Jul 24

"Oh, he's out of the White House; I'll forget that ever happened".

Musk shot Tesla's branding in the foot.

Bluejeans

(125 posts)
21. Musk and his brand are now toxic to many people
Thu Jul 24, 2025, 06:06 PM
Jul 24

I own a hybrid car now and might consider a plug-in electric in a few years when the charging network is built out, but I will never buy anything connected to Musk, starting with Tesla.

He and his brand are toxic to me and to many other people, something I do not see changing in the future.

Skittles

(166,798 posts)
23. NOTHING will wash all the stink off that brand
Thu Jul 24, 2025, 07:59 PM
Jul 24

once you're associated with fascism it's downhill from there

GemDigger

(4,375 posts)
26. If Elon wants the shit to stop, he needs to get out of politics
Fri Jul 25, 2025, 01:05 PM
Jul 25

Global wide. He still has his nose in the business of other countries as well as ours. If he minded his own business instead of thinking he is a global genius, then his businesses will still suffer globally.

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