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.
I’m curious what’s going to happen if banks start calling Leon’s loans since Tesla stock isn’t going to be enough to cover his loans at some point, probably pretty soon.
That’s not how loans against stock work. If the share price reach a threshold the shares are automatically sold to cover the loan.
Iirc the magic margin call number is $120/share or thereabouts. Once Tesla hits that, Elon’s position gets liquidated.
Damn. Wish I could not buy his shit even harder.