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> The bottom line problem at Tesla is its vanishing bottom line. A deeper look at its first quarter report shows it’s now losing money on what should be its ost
by FireBeyond 2y ago
> The bottom line problem at Tesla is its vanishing bottom line. A deeper look at its first quarter report shows it’s now losing money on what should be its ostensible reason for existence – selling cars.
> It was only able to post a $409 million profit in the quarter thanks to the sale of $595 million worth of regulatory credits to other automakers.
This last part should be alarming to Tesla "fans". In every Tesla post here, there are those who tout the "Tesla is making huge profits, they have nothing to worry about".
- cratermoon 2y agoWorth noting that DOGE's smash-and-grab on regulatory agencies is almost certain, given how chaotic and incompetent the actions are, to bump into Tesla's dependencies on federal money. We've already seen knock-on affects of the tariff war, which merit a single short mention in the article.
- jmye 2y agoIn a rational world, I’d think you were right. In the weirdo, crony world we currently appear to live in, I expect that all subsidies to competitors will end and Tesla’s will remain untouched via fiat. There’s just no reason for an administration that already produced a state-run ad for the company to stop cutting them breaks.
- cratermoon 2y agoIn a competent world, they'd be able to determine the difference between ones that affect Tesla and ones that don't. I'm not sure we're in that world.
- jmye 2y agoHa, fair point - I suppose we could find out if they’ll get lucky anyway with a couple of basic ChatGPT prompts.