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BumRushDaShow

(165,733 posts)
Thu Jul 24, 2025, 05:13 AM Jul 2025

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

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Tesla continues its financial downturn even after Elon Musk's White House exit (Original Post) BumRushDaShow Jul 2025 OP
Messaging should be "Musk trying to cause people to lose their jobs" or something along those lines. cstanleytech Jul 2025 #1
F-ailed f-elon wants to replace waiters and cooks in restaurants with his robots... Justice matters. Jul 2025 #14
Tesla down nearly 6 pcent in pre-market trading. Tesla announced earnings Wednesday after market close. . . .nt Bernardo de La Paz Jul 2025 #2
even still its over valued imho pimpbot Jul 2025 #6
Such a damn shame. Irish_Dem Jul 2025 #3
tesla's board knows what they need to do, but that would require them to grow a spine.nt Javaman Jul 2025 #4
Exactly. Who knew corrupt capitalism required so many cowards. travelingthrulife Jul 2025 #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 2025 #7
I got to see one of those butt ugly trucks in a Lowe's parking lot last week..... Bengus81 Jul 2025 #10
Not only that, but all Teslas are four wheeled CCTV cameras located on all roofs and sides, in order to ancianita Jul 2025 #22
I don't see who Tesla get's saved. Gore1FL Jul 2025 #8
Ding ding Hornedfrog2000 Jul 2025 #20
I see this and it explains the apparent product placement advertising for "robotaxi's" on Moaning Joe this morning ToxMarz Jul 2025 #9
i think tesla is in alot of trouble samsingh Jul 2025 #11
He might soon be the next Mike Pillow. Bengus81 Jul 2025 #12
I hope it tanks along with him. llmart Jul 2025 #13
I just read of a government entiety buying a fleet of Lucid autos... IthinkThereforeIAM Jul 2025 #15
The rest of the world is buying Chinese EV's and Eloon screwed himself with his buyers here by going all Raftergirl Jul 2025 #16
Musk alienated his own customers Deminpenn Jul 2025 #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 2025 #18
Why does NBC think that Liberals would forget that Musk helped destroy the Fedrul Gubmint? maxsolomon Jul 2025 #19
Musk and his brand are now toxic to many people Bluejeans Jul 2025 #21
NOTHING will wash all the stink off that brand Skittles Jul 2025 #23
Look out Elon progressoid Jul 2025 #24
Kick ck4829 Jul 2025 #25
If Elon wants the shit to stop, he needs to get out of politics GemDigger Jul 2025 #26

cstanleytech

(28,221 posts)
1. Messaging should be "Musk trying to cause people to lose their jobs" or something along those lines.
Thu Jul 24, 2025, 05:45 AM
Jul 2025

Justice matters.

(9,389 posts)
14. F-ailed f-elon wants to replace waiters and cooks in restaurants with his robots...
Thu Jul 24, 2025, 12:20 PM
Jul 2025

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

(60,320 posts)
2. Tesla down nearly 6 pcent in pre-market trading. Tesla announced earnings Wednesday after market close. . . .nt
Thu Jul 24, 2025, 05:58 AM
Jul 2025

pimpbot

(1,161 posts)
6. even still its over valued imho
Thu Jul 24, 2025, 07:11 AM
Jul 2025

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

(710 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, 08:22 AM
Jul 2025

...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

(9,823 posts)
10. I got to see one of those butt ugly trucks in a Lowe's parking lot last week.....
Thu Jul 24, 2025, 10:25 AM
Jul 2025

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

(42,862 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, 06:39 PM
Jul 2025

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

(22,839 posts)
8. I don't see who Tesla get's saved.
Thu Jul 24, 2025, 08:41 AM
Jul 2025

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

(2,756 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, 10:01 AM
Jul 2025

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

samsingh

(18,243 posts)
11. i think tesla is in alot of trouble
Thu Jul 24, 2025, 10:40 AM
Jul 2025

the government handouts are gone

and their brand is fascist

llmart

(17,316 posts)
13. I hope it tanks along with him.
Thu Jul 24, 2025, 12:12 PM
Jul 2025

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

IthinkThereforeIAM

(3,279 posts)
15. I just read of a government entiety buying a fleet of Lucid autos...
Thu Jul 24, 2025, 12:50 PM
Jul 2025

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

Raftergirl

(1,804 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, 01:06 PM
Jul 2025

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

Deminpenn

(17,297 posts)
17. Musk alienated his own customers
Thu Jul 24, 2025, 03:03 PM
Jul 2025

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

(16,077 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, 03:18 PM
Jul 2025

those cars.

maxsolomon

(38,180 posts)
19. Why does NBC think that Liberals would forget that Musk helped destroy the Fedrul Gubmint?
Thu Jul 24, 2025, 03:22 PM
Jul 2025

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

Musk shot Tesla's branding in the foot.

Bluejeans

(142 posts)
21. Musk and his brand are now toxic to many people
Thu Jul 24, 2025, 05:06 PM
Jul 2025

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

(169,539 posts)
23. NOTHING will wash all the stink off that brand
Thu Jul 24, 2025, 06:59 PM
Jul 2025

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

GemDigger

(4,379 posts)
26. If Elon wants the shit to stop, he needs to get out of politics
Fri Jul 25, 2025, 12:05 PM
Jul 2025

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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