The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.

Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.

  • JackDark@lemmy.worldEnglish
    26·
    7 months ago

    Investors largely expected the decline in sales in Tesla’s fourth quarter and full-year results for 2025, and the company beat Wall Street’s estimates for earnings and revenue, sending shares up in after-market trading Wednesday.

    Remember, this is talking about profits, not revenue. They’re still making profit. They did shit profits, but it was more than people expected them to make, so shares went up. Fuck Tesla.

        • a_non_monotonic_function@lemmy.worldEnglish
          0·
          7 months ago

          This is the big thing. Tesla’s stock has never been valued based on what the company is or can do. It’s valued on musk’s image and how much value people believe that brings to the company.

          His huge pay packages are likely because he knows that there’s a reckoning coming with the stock, and he doesn’t want to be a bag holder for his own company.

          That’s one of the reasons why he lies constantly about what’s coming. Full self-driving, people on Mars, solar roof shingles. He has to keep pumping up the image, or the whole house of cards collapses.

          • baggachipz@sh.itjust.worksEnglish
            0·
            7 months ago

            The problem is, there is seemingly no end to his bullshit that people will gleefully swallow. I bought it for a while, I loved the idea of an idyllic future. Unfortunately, one must deliver on that at some point. I was always willing to to accept the bullshit on the premise that it would happen at some point. However he’s lost the plot to his own hubris and idiocy. Yet somehow, he’s still able to con enough people to prop (and grow!) his meme stonk.

            • a_non_monotonic_function@lemmy.worldEnglish
              0·
              7 months ago

              Profits tanking by 46% Is it good indicator that he’s not immune to people waking up about reality.

              The entire thing is a house of cards that will likely collapse when public sentiment fully dissolves.

                • a_non_monotonic_function@lemmy.worldEnglish
                  0·
                  7 months ago

                  People are remarkably dumb, yes. But look at last year alone. European sales tanked. Domestic sales sucked. People were vandalizing and burning his vehicles on dealership properties. He was literally tearing up on the news because no one likes him.

                  He isn’t immune to company devaluation, and he knows how dangerous that is given how much is tied to his garbage stocks.