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.

  • AA5B@lemmy.world
    8·
    9 hours ago

    That may no longer be enough. It won’t matter if people no longer boycott them but

    • huge money loss in Cybertruck
    • investment in robotaxi won’t pan out for years, if ever
    • in US, batteries are mostly from overseas and heavily tariffed
    • all the US protectionism won’t be enough if they lose China and European markets
    • other companies are finally catching up, while they wasted their efforts
    • semi has potential, but that’s a very conservative market and environmental regulations are getting rolled back so there’s no longer that push

    There’s going to be blood at that company. A huge reset, in addition to musk leaving, is what they need

    • chiliedogg@lemmy.world
      3·
      5 hours ago

      Semi is a POS designed by a bunch of engineers who have never operated a semi.

      Hell - with the center-space driver’s seat, the driver can’t hand over an ID or a clipboard at a gatehouse without exiting the vehicle through the rear of the cab and walking around.