Elon Musk Is Running Out Of Ideas To Save Tesla
www.forbes.com
He's dialing down his DOGE role but Tesla needs a new hit EV and none is on the horizon. And the company’s booming battery business will suffer from Trump’s tariffs.

Summary

Tesla reported its worst quarterly results in four years, with Q1 income down 71% and EV sales falling 13%.

Elon Musk vowed to refocus on Tesla amid backlash over his political role in the Trump Administration’s DOGE program, but analysts doubt his return will fix worsening issues.

Tesla faces eroding market share, failed products like the Cybertruck, and a coming 145% tariff on imported Chinese battery cells set to hammer the company’s battery pack business, one of the only bright spots last quarter.

Musk’s pivot to robotaxis and humanoid robots lacks credibility, and critics say Tesla has no compelling new EVs to revive growth.

  • blakenongEnglish
    10·
    1 day ago

    Bezos car company is a lot more practical. I just wish it wasn’t bezos.

    • Ghostalmedia@lemmy.worldEnglish
      7·
      1 day ago

      He also threw a bunch of money into Rivian. He’s basically investing in companies that can make a a delivery truck that is cheaper to run and maintain.

    • Tinidril@midwest.socialEnglish
      2·
      1 day ago

      I’m really interested in Aptera if they can get it to production. It’s probably more of a nitche vehicle, but I could see it fitting the needs of a lot of people.

      • ramenshaman@lemmy.world
        1·
        1 day ago

        They’re so close 😭 I’ve been watching every update video they’ve posted, I can’t wait

        Also, it’s niche*

        • blakenongEnglish
          11·
          1 day ago

          I prefer a nitche vehicle. More pragmatic.

      • RisingSwell@lemmy.dbzer0.com
        1·
        1 day ago

        If the apterra comes to Australia with what I heard it’s price to be ages ago (25k USD) I might just sell my sports car for it.