this post was submitted on 22 Apr 2025
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KEY POINTS

  • Tesla missed on the top and bottom lines in its first-quarter earnings report.
  • Automotive revenue plunged 20% from a year earlier.
  • The stock, down 41% so far this year, was little changed in extended trading.
(page 2) 24 comments
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[–] PattyMcB@lemmy.world 14 points 2 days ago

"Trump was right about everything"

Nice hat fElon, you fucking moron

[–] MrNesser@lemmy.world 14 points 2 days ago (5 children)

Isn't most of Tesla made in countries other than the US?

Tariffs are going to hit bad

[–] NotMyOldRedditName@lemmy.world 4 points 1 day ago* (last edited 1 day ago)

Tealas are the most American made car multiple years running.

On the earnings call they said something like 85% of the parts also come from North America which is far greater than other OEMs.

[–] bitchkat@lemmy.world 10 points 2 days ago

All vehicles sold in North America are assembled in Fremont CA or Austin TX. But they still pay tariffs on components they import.

[–] PattyMcB@lemmy.world 9 points 2 days ago* (last edited 2 days ago)

That market is tanking hard, too

[–] thanksforallthefish@literature.cafe 2 points 1 day ago (1 children)

Quite the opposite

https://eu.usatoday.com/story/money/2025/03/31/top-10-most-american-cars/82739892007/

https://www.forbes.com/sites/jimgorzelany/2023/06/21/all-four-tesla-models-are-ranked-as-the-most-american-vehicles-for-2023/

"All cars source at least some parts internationally, but some are more "American" than others. Cars.com's American-Made Index ranks the "most American" cars and one brand has topped the list consistently for the last several years: Tesla."

[–] MrNesser@lemmy.world 2 points 1 day ago (1 children)

That is an actual suprise I would have assumed most of the tech was built overseas and shipped.

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[–] ABetterTomorrow@lemm.ee 11 points 2 days ago

Let it burn! You get what you deserve.

[–] kikutwo@lemmy.world 11 points 2 days ago (1 children)

Nobody wants an S that's been basically unchanged for a decade?

[–] michel@lemmy.ml 2 points 1 day ago (1 children)

And apparently the “new” Model Y is even worse than the old one. That’s their bread and butter.

https://www.carmagazine.co.uk/car-reviews/tesla/model-y-suv/

[–] kikutwo@lemmy.world 1 points 1 day ago

Wow that's a pretty damning review.

[–] RememberTheApollo_@lemmy.world 3 points 2 days ago (1 children)

The stock is pretty flat despite the bump over the winter. It’s approximately the same as it was last fall. Can’t believe it went up relative to Muskrat’s involvement in politics.

[–] homesweethomeMrL@lemmy.world 4 points 1 day ago

Well, it’s not a real stock.

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