The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.

Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.

  • gravitas_deficiency@sh.itjust.worksEnglish
    13·
    2 hours ago

    Tesla’s board:

    hey, I know, let’s give the ketamine enthusiast who sieg heil’d a dementia-ridden psychopathic racist twice on national television a trillion dollars this year as a comp package.

  • melsaskca@lemmy.caEnglish
    4·
    2 hours ago

    As well it should have. You can’t sell many vehicles to people who still remember what nazi’s were. Yet who really cares. In the aftermath of the nazi shit and dropped sales his board cronies paid him a trillion dollar bonus! CEO bonuses work both ways I guess, in this corrupt, fuck you, world.

    • SaveTheTuaHawk@lemmy.caEnglish
      1·
      13 minutes ago

      He did not get $1T. The milestones he has to reach to see that number have already failed.

      Tesla Motors is a fail, now Tesla robots are going to make a profit even though they have never revealed a working prototype?

  • hector@lemmy.todayEnglish
    511·
    7 hours ago

    And let me guess, stonk went up still?

    It’s not about the companies, it’s a gamble stock, divorced from the performance of the company.

    • ExcessShiv@lemmy.dbzer0.comEnglish
      171·
      6 hours ago

      Yes, because while they had lower profits than previously, they still had higher profits than expected. This market behavior is in no way unique or limited to Tesla or “meme stocks”. If a company increases profits, but less than expected, their stock usually drop despite increased profit. It’s because value is tied to actual results vs. expected results on the short term.

      • Auli@lemmy.caEnglish
        31·
        34 minutes ago

        Because the stock market doesn’t care about reality. It is just a bunch of rich guys trading money between each other, and they have enough to not need us.

        • Krauerking@lemy.lolEnglish
          1·
          12 minutes ago

          Top 10% of people own 90% of stocks 85% of all businesses, and half the real estate.

          Yeah, it just became another form of currency to them to make number go up attached to their soul of course.

      • jj4211@lemmy.worldEnglish
        2·
        1 hour ago

        Yes, but even then you’d expect the faltering to be reflected, just earlier. As the analysts estimate low profits you’d expect the stock to suffer a sharp decline then.

        Given how overvalued Tesla is arguably in general and that the rationalization is that while it’s not the biggest and best brand now, but their growth trajectory should carry them past all the other automakers, it’s insane that they are only down 11% from their late december highs, and still showing a $1.4 trillion market cap…

        It’s not a company that looks like growth nor do their current results look to justify that crazy valuation. They are valued at 3x Ford, GM, Toyota, and Honda combined, despite having more modest business results than any of them.

        Yes, this local move upward on beating estimates despite a bad result is normal, but the broader trend of this stock is still anything but.

        They squandered their reputation to gain political clout that seems to have evaporated and are locked into EVs in a market where that’s no longer subsidized and a great deal of EV interest is muted now and other manufacturers are able to push out compelling EV cars. You know that Musk is going to take your money and spend it how he sees fit including obscene bonuses to himself…

        I just don’t understand Tesla investors at all at this point…

      • BarneyPiccolo@lemmy.todayEnglish
        2·
        2 hours ago

        Sales are down worldwide, and it’s so bad that he just announced he’s ending production on two of his product lines, the S and X series, abandoning his “SEXY” branding strategy. Now it will just be “EY.”

        The stock is only staying afloat because it’s in the portfolios of so many institutional investment accounts. With each dropping earning report, the stock is going to slowly slide, and eventually those institutional investment accounts will start dropping it. Then he’s finished.

        Tesla will be bankrupt in two years.

          • BarneyPiccolo@lemmy.todayEnglish
            2·
            2 hours ago

            I’ve been reading that the last 5 years.

            And it’s finally starting to happen. They’ve never had a 46% reduction in profit before. They’ve never closed two production lines before.

            This is NOT business as usual over at Tesla. I guarantee The Goblin is in a near panic right now, his Trillion dollar payday is in jeopardy.

            • SaveTheTuaHawk@lemmy.caEnglish
              1·
              12 minutes ago

              And it’s finally starting to happen. They’ve never had a 46% reduction in profit before. They’ve never closed two production lines before.

              oh no! but now they have a robot that everyone will buy 4X! Same shit, different sandwich.

  • panda_abyss@lemmy.caEnglish
    49·
    8 hours ago

    I honestly don’t know how Musks companies work.

    Tesla makes cars. Cars don’t sell, so profit drops. Musk uses SpaceX to buy Teslas. Tesla’s profit declines, Musk says it’s an AI company, then buys AI from his other AI company, which he funded from Tesla stock. Musk buys Twitter, twitter goes down in value. Musk buys Twitter from himself using xAI, for higher than its market value, then boasts stock gains?

    So now Tesla is going to buy AI from himself, and build robots that were just pantomimed guys in suits… and somehow… profit???

    I don’t know what the fuck is going on in this world. But I would absolutely love to see Tesla’s stock drop and all of this made up debt-financing fall apart like the house of cards it is. However, Musk saying “we’re making robots now” seems to have nicely papered over what should be a massive stock decline. After his last one “Tesla isn’t a car company, it’s an AI company” now it’s “Tesla isn’t an AI company, it’s a factory company”.

    • pastermil@sh.itjust.worksEnglish
      22·
      6 hours ago

      It’s simple in its principal, really…

      • you have multiple companies
      • one company (A) have some supply for some product
      • on the other company (B), you create demand for that product (i.e. for its operation)
      • thus, under your control, you make company A and B enter a trade agreement
      • as someone who brokered that deal, you get rewarded (e.g. from brokerage fee, or commision)
      • sometimes, by having a massive increase in sales, the stock for company A would increase, thus you can sell a little bit of it, which you can later buy back after the stock price goes back down
      • profit

      Some facts:

      • even though they’re your companies, you are a separate entity from them, and they are each its own entity
      • the money comes from the investors as well as profit, remember that they are separate
      • no, you cannot just take all the companies’ money, since even though they’re yours, there are corporate structures and other people at stake preventing that

      So you basically come up with some excuse for moving stuff around, then you come up with some excuse to siphon off some of that good stuff.

        • vaultdweller013@sh.itjust.worksEnglish
          4·
          2 hours ago

          The reason why that was done was largely to keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it. This would’ve been back when most large companies were trade companies wherein it made a lot of sense, since if the ship goes down you’re fucked regardless time to liquidate the company and payback who you can.

          The actual problem is the stock market since it creates fairy tale bullshit that allows Tesla to exist. Remove the stock market and the individual investments become a lot more risky and make bullshit stocks less likely to exist since all stock would be privately traded and their worth based off of company payout.

          • PolarKraken@lemmy.dbzer0.comEnglish
            2·
            50 minutes ago

            keep debtors and investors from ripping apart a company and then transferring the debt to the ones running it

            So instead we get “vulture capitalism” as an entire ecosystem of companies, doing this but with more diffuse consequences, by spreading out the bag holders far and wide (but always among the powerless). Fits like a glove with the general “privatize profits, socialize losses” general strategy of wealth extraction we like so much.

            Corporate person-hood is a stain on humanity and the world. We should never have shifted culpability and direct experience of negative consequences away from human beings, ever.

  • JackDark@lemmy.worldEnglish
    104·
    14 hours ago

    Investors largely expected the decline in sales in Tesla’s fourth quarter and full-year results for 2025, and the company beat Wall Street’s estimates for earnings and revenue, sending shares up in after-market trading Wednesday.

    Remember, this is talking about profits, not revenue. They’re still making profit. They did shit profits, but it was more than people expected them to make, so shares went up. Fuck Tesla.

      • Ænima@lemmy.zipEnglish
        3·
        3 hours ago

        It’s worse than gambling. When gambling there’s risk and reward, but bad bets are still the responsibility of the player just like bets that outperform. In stocks, if someone makes a bet and/or the company misses their expected returns, the gambler can sue the company. It’s the only gambling where oops, all losses can still result in payoff for the player by fiduciary class-action lawsuit.

        I played meme-stocks in 2020-21. I saw that bullshit first-hand, getting half a dozen emails after quarter misses about suing the company over their failure to meet projections. But half of those companies were just getting fucked with because of the influx of idiots like me doing silly shit with their money! I was blown away by that and suddenly started to see how fucked we were to do anything to stop the cancer that unregulated capitalism has become. Infinite growth, impossible in a finite system, is not only expected, but failure to return positive returns could be met with shareholders suing the company for line not go up high enough reasons.

        It’s so messed up.

        • GreyEyedGhost@piefed.caEnglish
          2·
          3 hours ago

          I had this exact opinion when Amazon lost less money than expected in 1999. I’m sure people had similar opinions before 1929. This isn’t something new.

      • scarabic@lemmy.worldEnglish
        22·
        7 hours ago

        If the decline was expected, that had already affected the stock price. If you look ONLY at what happens on the day that expectation is finally official, in writing, then yes it’s counterintuitive. But it makes perfect sense that if a huge decline was already built into the price, then that price would rise a little when it’s found out that the decline wasn’t as bad as expected.

    • scarabic@lemmy.worldEnglish
      2·
      8 hours ago

      Another way of saying it is that shares had already gone down because this was expected. When it wasn’t quite as bad as expected, they got a little bump back.

    • over_clox@lemmy.worldEnglish
      8·
      12 hours ago

      I totally agree. While I do have a Google account, I haven’t used it in many months, and my tablet and phones have never been signed in to begin with. I guess you might consider my mobile Android devices as ‘virgin’ devices, and I don’t mean Virgin Mobile.

      I did break my hiatus from Google briefly tonight, just to ask Google Docs to write a document to compare and contrast AI slop versus reality…

      https://lemmy.world/post/42327274

      Anyways, I’m done with Google again for as long as I can avoid it. But I’m still leaving the account active, if for no other reason than my YouTube videos (not like I’m even making any money off my random stuff)…