I read an article in an automotive magazine (yes, a real magazine, not online) and the author speculated that in 5-10 years leon musk will have sold off tesla or the brand will cease to exist: due to intense competition and leon's obsession with politics and space travel...speculation!
Great news, Tesla's Q1 earnings is out and their net income plummeted 71% to $409 million. Get back to work at Tesla, Elon.
https://www.cnbc.com/2025/04/22/tesla-tsla-earnings-report-q1-2025.html
I read an article in an automotive magazine (yes, a real magazine, not online) and the author speculated that in 5-10 years leon musk will have sold off tesla or the brand will cease to exist: due to intense competition and leon's obsession with politics and space travel...speculation!
The stock is up after hours on the news of this massive failure. Investors of all stripes are completely irrational.
Ever since the Great Recession, stock market investors have become manic primadonnas.
Frankly, I think the stock market should be fined $50 million every time investors get reactive like this.
It’s not looking good for Tesla that China car manufacturers are producing EVs for significantly lower prices.