Tesla cult is really something

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Tesla cult is really something, bring the stock to +7% even the earning sucks. I guess people reading the earning table flipped, thinking that Tesla did a massive beat on it earning :)

Musk, Facing Criticism and Falling Tesla Sales, to Cut Back DOGE Work

Musk to reduce time on government work, increase time on TeslaTesla faces uncertainty from tariffs and shifting global trade policiesTesla's auto revenue drops 20%, net profit falls 71% in Q1Productio

Musk, Facing Criticism and Falling Tesla Sales, to Cut Back DOGE Work

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tzerkai94
·04-24
Can’t agree more. Missed earnings and stock price soared. Ultimate bullshit
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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":427589827326568,"tweetId":"427589827326568","gmtCreate":1745412771705,"gmtModify":1745412776760,"author":{"id":4149944480177532,"idStr":"4149944480177532","authorId":4149944480177532,"authorIdStr":"4149944480177532","name":"taengoo02","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":4,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>Tesla cult is really something, bring the stock to +7% even the earning sucks. I guess people reading the earning table flipped, thinking that Tesla did a massive beat on it earning :)</body></html>","htmlText":"<html><head></head><body>Tesla cult is really something, bring the stock to +7% even the earning sucks. I guess people reading the earning table flipped, thinking that Tesla did a massive beat on it earning :)</body></html>","text":"Tesla cult is really something, bring the stock to +7% even the earning sucks. I guess people reading the earning table flipped, thinking that Tesla did a massive beat on it earning :)","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/427589827326568","repostId":1101996706,"repostType":2,"repost":{"id":"1101996706","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1745395222,"share":"https://ttm.financial/m/news/1101996706?lang=en_US&edition=fundamental","pubTime":"2025-04-23 16:00","market":"us","language":"en","title":"Musk, Facing Criticism and Falling Tesla Sales, to Cut Back DOGE Work","url":"https://stock-news.laohu8.com/highlight/detail?id=1101996706","media":"Reuters","summary":"Musk to reduce time on government work, increase time on TeslaTesla faces uncertainty from tariffs and shifting global trade policiesTesla's auto revenue drops 20%, net profit falls 71% in Q1Productio","content":"<html><head></head><body><ul style=\"\"><li>Musk to reduce time on government work, increase time on Tesla</li><li>Tesla faces uncertainty from tariffs and shifting global trade policies</li><li>Tesla&#39;s auto revenue drops 20%, net profit falls 71% in Q1</li><li>Production ramp of affordable cars to be slower than expected - exec</li></ul><a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> CEO Elon Musk said on Tuesday he would cut back significantly the time he devotes to the Trump administration from next month and spend more time running his many companies.U.S.-listed shares of the company rose 5% in premarket trading.<img src=\"https://community-static.tradeup.com/news/2dc4865b1cc67891f5a2e06654061cdd\" title=\"\" tg-width=\"404\" tg-height=\"396\"/>The move comes as Musk&#39;s involvement in the so-called Department of Government Efficiency - where he has led efforts to cut federal jobs - has become a political lightning rod, fueling unrelenting protests and vandalism at Tesla showrooms. Investors have raised concerns about Musk spending too little time managing Tesla, where sales have nosedived.&#34;The large slog of work necessary to get the DOGE team in place and working with the government to get the financial house in order is mostly done,&#34; Musk told analysts on a conference call. But he said he still intended to spend some 40% of his time on DOGE.Tesla shares, which had risen 4% in after-hours trading right before an earnings conference call began, spiked to trade up 5.5% on Musk&#39;s comments. The stock has nearly halved from its December peak.After market close on Tuesday, Tesla reported profitability for its core auto business that topped rock-bottom expectations and said it was on track to produce an affordable car.But the EV maker said it would have to reassess its growth forecast in three months because it was &#34;difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains&#34; and that &#34;changing political sentiment, could have a meaningful impact on demand for our products in the near-term,&#34; it said.Tariff tensions add further uncertainty. Tesla has paused some China-sourced component imports after U.S. tariffs on the Asian country rose to 145%, Reuters reported. China has responded with tariffs of its own, leading Tesla to suspend new Model S and Model X orders in the country.Musk, who said on Tuesday he continued to support lower tariffs, added that Tesla was not immune to &#34;macro demand for cars,&#34; adding that economic uncertainty causes people to want to &#34;pause on doing a major capital purchase like a car.&#34;&#34;Absent the macro issues, we don&#39;t see any reduction in demand,&#34; he said. But tariffs will have an outsized impact on Tesla&#39;s energy business, he said.While the stronger-than-expected margin in the first quarter - driven by lower costs - offered some relief, Tesla&#39;s auto revenue still slumped by a fifth in the period, and net profit plunged 71%. These metrics both missed Wall Street estimates.<img src=\"https://community-static.tradeup.com/news/c03796972588642a0f4be3a84962e537\" title=\"A chart showing the difference between Tesla&#39;s Q1 2025 results and analysts&#39; expectations\" tg-width=\"1420\" tg-height=\"956\"/>A chart showing the difference between Tesla&#39;s Q1 2025 results and analysts&#39; expectationsMusk acknowledged the blowback on the company, but brushed off concerns about brand damage hurting Tesla&#39;s first-quarter sales.<img src=\"https://community-static.tradeup.com/news/12dede552a38e6e55cb6b11c4d37a96f\" title=\"Tesla electric vehicle dealership in Durango\" tg-width=\"5000\" tg-height=\"3333\"/>Tesla electric vehicle dealership in DurangoMusk&#39;s recent posts on his social media site X have suggested he is slowly re-engaging with his businesses, after spending months talking only about how he was cutting government waste. But his time away from DOGE will be split between money-maker Tesla and his other companies which include SpaceX, xAI and Neuralink.&#34;I think more attention by Musk on Tesla is a net positive for the stock, but to see a meaningful move in the stock we would need to see a headline more like &#39;Musk to leave DOGE to refocus on Tesla,&#39;&#34; said Shawn Campbell, adviser and investor at Camelthorn Investments, who personally holds Tesla shares.Tesla has said it plans to release a cheaper car - seen as a key catalyst for future growth - in the first half of 2025, using existing platforms and assembly lines, after scrapping plans for a brand-new, low-cost model.Tesla in its release said the launch of affordable cars was on track for the first half of the year. &#34;The ramp might be slower than we had hoped initially,&#34; Lars Moravy, the vice president for engineering, said on the call, but that there was nothing blocking Tesla from starting production within the publicized timeline.&#34;The models that come out in the next months will be built on our lines and will resemble in form and shape the cars we currently make. The key is they&#39;ll be affordable and you&#39;ll be able to buy one,&#34; Moravy added.Reuters reported last week that sources said Tesla&#39;s long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch will be delayed by a few months.Tesla also said the launch of a robotaxi fleet in Austin, Texas, in June remained on track. The company has been seeking regulatory approvals to that end, but there are serious concerns about safety and related litigation risks that could come with deploying unproven driverless technology on public streets.Asked about when robotaxi production would ramp up, Musk said he expected millions of Teslas operating fully autonomously by the second half of next year.Automotive gross margin for the first quarter, excluding regulatory credits, fell to 12.5% from 13.6% in the fourth quarter, according to Reuters calculations, compared with expectations of 11.8%, according to 21 analysts polled by Visible Alpha.The electric vehicle maker reported revenue of $19.34 billion for the January-March quarter, compared with estimates of $21.11 billion, according to data compiled by LSEG.<img src=\"https://community-static.tradeup.com/news/f75296d4d6981fa753c34dc91cfb1e84\" title=\"Tesla&#39;s quarterly revenue drops the most in at least five years\" tg-width=\"1420\" tg-height=\"860\"/>Tesla&#39;s quarterly revenue drops the most in at least five yearsTesla reported earlier this month that deliveries in the January-March period slid 13%. Analysts expect a second straight annual decline in Tesla deliveries in 2025, despite efforts to boost sales through incentives like free charging and Full Self-Driving features.<img src=\"https://community-static.tradeup.com/news/b481ace17b5ce6927cbe74b353e18fde\" title=\"A line chart showing the percentage change of Tesla stock vs. the S&amp;P 500 over the past year\" tg-width=\"1420\" tg-height=\"894\"/>A line chart showing the percentage change of Tesla stock vs. the S&amp;P 500 over the past year<img src=\"https://community-static.tradeup.com/news/21dffbcaa9894db62e7aa67afed22438\" title=\"Tesla&#39;s automotive profitability set to slump to lowest on record - Analysts expect automotive gross margin to slide on lower sales volumes, incentives to boost sales\" tg-width=\"1444\" tg-height=\"918\"/>Tesla&#39;s automotive profitability set to slump to lowest on record - Analysts expect automotive gross margin to slide on lower sales volumes, incentives to boost sales</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Investors have raised concerns about Musk spending too little time managing Tesla, where sales have nosedived.&#34;The large slog of work necessary to get the DOGE team in place and working with the government to get the financial house in order is mostly done,&#34; Musk told analysts on a conference call. But he said he still intended to spend some 40% of his time on DOGE.Tesla shares, which had risen 4% in after-hours trading right before an earnings conference call began, spiked to trade up 5.5% on Musk&#39;s comments. The stock has nearly halved from its December peak.After market close on Tuesday, Tesla reported profitability for its core auto business that topped rock-bottom expectations and said it was on track to produce an affordable car.But the EV maker said it would have to reassess its growth forecast in three months because it was &#34;difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains&#34; and that &#34;changing political sentiment, could have a meaningful impact on demand for our products in the near-term,&#34; it said.Tariff tensions add further uncertainty. Tesla has paused some China-sourced component imports after U.S. tariffs on the Asian country rose to 145%, Reuters reported. China has responded with tariffs of its own, leading Tesla to suspend new Model S and Model X orders in the country.Musk, who said on Tuesday he continued to support lower tariffs, added that Tesla was not immune to &#34;macro demand for cars,&#34; adding that economic uncertainty causes people to want to &#34;pause on doing a major capital purchase like a car.&#34;&#34;Absent the macro issues, we don&#39;t see any reduction in demand,&#34; he said. But tariffs will have an outsized impact on Tesla&#39;s energy business, he said.While the stronger-than-expected margin in the first quarter - driven by lower costs - offered some relief, Tesla&#39;s auto revenue still slumped by a fifth in the period, and net profit plunged 71%. These metrics both missed Wall Street estimates.<img src=\"https://community-static.tradeup.com/news/c03796972588642a0f4be3a84962e537\" title=\"A chart showing the difference between Tesla&#39;s Q1 2025 results and analysts&#39; expectations\" tg-width=\"1420\" tg-height=\"956\"/>A chart showing the difference between Tesla&#39;s Q1 2025 results and analysts&#39; expectationsMusk acknowledged the blowback on the company, but brushed off concerns about brand damage hurting Tesla&#39;s first-quarter sales.<img src=\"https://community-static.tradeup.com/news/12dede552a38e6e55cb6b11c4d37a96f\" title=\"Tesla electric vehicle dealership in Durango\" tg-width=\"5000\" tg-height=\"3333\"/>Tesla electric vehicle dealership in DurangoMusk&#39;s recent posts on his social media site X have suggested he is slowly re-engaging with his businesses, after spending months talking only about how he was cutting government waste. But his time away from DOGE will be split between money-maker Tesla and his other companies which include SpaceX, xAI and Neuralink.&#34;I think more attention by Musk on Tesla is a net positive for the stock, but to see a meaningful move in the stock we would need to see a headline more like &#39;Musk to leave DOGE to refocus on Tesla,&#39;&#34; said Shawn Campbell, adviser and investor at Camelthorn Investments, who personally holds Tesla shares.Tesla has said it plans to release a cheaper car - seen as a key catalyst for future growth - in the first half of 2025, using existing platforms and assembly lines, after scrapping plans for a brand-new, low-cost model.Tesla in its release said the launch of affordable cars was on track for the first half of the year. &#34;The ramp might be slower than we had hoped initially,&#34; Lars Moravy, the vice president for engineering, said on the call, but that there was nothing blocking Tesla from starting production within the publicized timeline.&#34;The models that come out in the next months will be built on our lines and will resemble in form and shape the cars we currently make. The key is they&#39;ll be affordable and you&#39;ll be able to buy one,&#34; Moravy added.Reuters reported last week that sources said Tesla&#39;s long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch will be delayed by a few months.Tesla also said the launch of a robotaxi fleet in Austin, Texas, in June remained on track. The company has been seeking regulatory approvals to that end, but there are serious concerns about safety and related litigation risks that could come with deploying unproven driverless technology on public streets.Asked about when robotaxi production would ramp up, Musk said he expected millions of Teslas operating fully autonomously by the second half of next year.Automotive gross margin for the first quarter, excluding regulatory credits, fell to 12.5% from 13.6% in the fourth quarter, according to Reuters calculations, compared with expectations of 11.8%, according to 21 analysts polled by Visible Alpha.The electric vehicle maker reported revenue of $19.34 billion for the January-March quarter, compared with estimates of $21.11 billion, according to data compiled by LSEG.<img src=\"https://community-static.tradeup.com/news/f75296d4d6981fa753c34dc91cfb1e84\" title=\"Tesla&#39;s quarterly revenue drops the most in at least five years\" tg-width=\"1420\" tg-height=\"860\"/>Tesla&#39;s quarterly revenue drops the most in at least five yearsTesla reported earlier this month that deliveries in the January-March period slid 13%. Analysts expect a second straight annual decline in Tesla deliveries in 2025, despite efforts to boost sales through incentives like free charging and Full Self-Driving features.<img src=\"https://community-static.tradeup.com/news/b481ace17b5ce6927cbe74b353e18fde\" title=\"A line chart showing the percentage change of Tesla stock vs. the S&amp;P 500 over the past year\" tg-width=\"1420\" tg-height=\"894\"/>A line chart showing the percentage change of Tesla stock vs. the S&amp;P 500 over the past year<img src=\"https://community-static.tradeup.com/news/21dffbcaa9894db62e7aa67afed22438\" title=\"Tesla&#39;s automotive profitability set to slump to lowest on record - Analysts expect automotive gross margin to slide on lower sales volumes, incentives to boost sales\" tg-width=\"1444\" tg-height=\"918\"/>Tesla&#39;s automotive profitability set to slump to lowest on record - Analysts expect automotive gross margin to slide on lower sales volumes, incentives to boost sales</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101996706","content_text":"Musk to reduce time on government work, increase time on TeslaTesla faces uncertainty from tariffs and shifting global trade policiesTesla's auto revenue drops 20%, net profit falls 71% in Q1Production ramp of affordable cars to be slower than expected - execTesla Motors CEO Elon Musk said on Tuesday he would cut back significantly the time he devotes to the Trump administration from next month and spend more time running his many companies.U.S.-listed shares of the company rose 5% in premarket trading.The move comes as Musk's involvement in the so-called Department of Government Efficiency - where he has led efforts to cut federal jobs - has become a political lightning rod, fueling unrelenting protests and vandalism at Tesla showrooms. Investors have raised concerns about Musk spending too little time managing Tesla, where sales have nosedived.\"The large slog of work necessary to get the DOGE team in place and working with the government to get the financial house in order is mostly done,\" Musk told analysts on a conference call. But he said he still intended to spend some 40% of his time on DOGE.Tesla shares, which had risen 4% in after-hours trading right before an earnings conference call began, spiked to trade up 5.5% on Musk's comments. The stock has nearly halved from its December peak.After market close on Tuesday, Tesla reported profitability for its core auto business that topped rock-bottom expectations and said it was on track to produce an affordable car.But the EV maker said it would have to reassess its growth forecast in three months because it was \"difficult to measure the impacts of shifting global trade policy on the automotive and energy supply chains\" and that \"changing political sentiment, could have a meaningful impact on demand for our products in the near-term,\" it said.Tariff tensions add further uncertainty. Tesla has paused some China-sourced component imports after U.S. tariffs on the Asian country rose to 145%, Reuters reported. China has responded with tariffs of its own, leading Tesla to suspend new Model S and Model X orders in the country.Musk, who said on Tuesday he continued to support lower tariffs, added that Tesla was not immune to \"macro demand for cars,\" adding that economic uncertainty causes people to want to \"pause on doing a major capital purchase like a car.\"\"Absent the macro issues, we don't see any reduction in demand,\" he said. But tariffs will have an outsized impact on Tesla's energy business, he said.While the stronger-than-expected margin in the first quarter - driven by lower costs - offered some relief, Tesla's auto revenue still slumped by a fifth in the period, and net profit plunged 71%. These metrics both missed Wall Street estimates.A chart showing the difference between Tesla's Q1 2025 results and analysts' expectationsMusk acknowledged the blowback on the company, but brushed off concerns about brand damage hurting Tesla's first-quarter sales.Tesla electric vehicle dealership in DurangoMusk's recent posts on his social media site X have suggested he is slowly re-engaging with his businesses, after spending months talking only about how he was cutting government waste. But his time away from DOGE will be split between money-maker Tesla and his other companies which include SpaceX, xAI and Neuralink.\"I think more attention by Musk on Tesla is a net positive for the stock, but to see a meaningful move in the stock we would need to see a headline more like 'Musk to leave DOGE to refocus on Tesla,'\" said Shawn Campbell, adviser and investor at Camelthorn Investments, who personally holds Tesla shares.Tesla has said it plans to release a cheaper car - seen as a key catalyst for future growth - in the first half of 2025, using existing platforms and assembly lines, after scrapping plans for a brand-new, low-cost model.Tesla in its release said the launch of affordable cars was on track for the first half of the year. \"The ramp might be slower than we had hoped initially,\" Lars Moravy, the vice president for engineering, said on the call, but that there was nothing blocking Tesla from starting production within the publicized timeline.\"The models that come out in the next months will be built on our lines and will resemble in form and shape the cars we currently make. The key is they'll be affordable and you'll be able to buy one,\" Moravy added.Reuters reported last week that sources said Tesla's long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch will be delayed by a few months.Tesla also said the launch of a robotaxi fleet in Austin, Texas, in June remained on track. The company has been seeking regulatory approvals to that end, but there are serious concerns about safety and related litigation risks that could come with deploying unproven driverless technology on public streets.Asked about when robotaxi production would ramp up, Musk said he expected millions of Teslas operating fully autonomously by the second half of next year.Automotive gross margin for the first quarter, excluding regulatory credits, fell to 12.5% from 13.6% in the fourth quarter, according to Reuters calculations, compared with expectations of 11.8%, according to 21 analysts polled by Visible Alpha.The electric vehicle maker reported revenue of $19.34 billion for the January-March quarter, compared with estimates of $21.11 billion, according to data compiled by LSEG.Tesla's quarterly revenue drops the most in at least five yearsTesla reported earlier this month that deliveries in the January-March period slid 13%. Analysts expect a second straight annual decline in Tesla deliveries in 2025, despite efforts to boost sales through incentives like free charging and Full Self-Driving features.A line chart showing the percentage change of Tesla stock vs. the S&P 500 over the past yearTesla's automotive profitability set to slump to lowest on record - Analysts expect automotive gross margin to slide on lower sales volumes, incentives to boost sales","news_type":1,"symbols_score_info":{"TSLA":1.1}},"isVote":1,"tweetType":1,"viewCount":1965,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLL"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":152,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":427651803218240,"commentId":"427651803218240","gmtCreate":1745427642310,"gmtModify":1745443643223,"authorId":3578546428935766,"author":{"id":3578546428935766,"idStr":"3578546428935766","authorId":3578546428935766,"name":"tzerkai94","avatar":"https://static.tigerbbs.com/0b8517d4d50157a2660d7b058f4d5207","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.12","exceedPercentage":"93.62%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":427589827326568,"objectIdStr":"427589827326568","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Can’t agree more. Missed earnings and stock price soared. Ultimate bullshit","text":"Can’t agree more. Missed earnings and stock price soared. Ultimate bullshit","html":"Can’t agree more. Missed earnings and stock price soared. Ultimate bullshit","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"hasMoreComment":true,"orderType":2}