The first quarter 2025 earnings report from Tesla (i.e., the Swasticar), owned by South Afrikaner fascist and co-President Elon "Leon" Musk, dropped dramatically compared to last year, as revealed in its earnings report, per CNBC:
"Tesla reported a miss on the top and bottom lines in its first-quarter earnings report on Tuesday as automotive revenue plunged 20% from a year earlier.
Total revenue slid 9% from $21.3 billion a year earlier. Automotive revenue dropped 20% to $14 billion from $17.4 billion in the same period last year. [snip]
Net income plummeted 71% to $409 million, or 12 cents a share, from $1.39 billion or 41 cents a year ago.
It’s been a brutal start to the year for Tesla, with CEO Elon Musk spending much of his time in President Donald Trump’s White House, overseeing an effort to dramatically downsize the federal government. The president’s sweeping tariffs plan has led to concerns that costs will increase for parts and materials crucial for electric vehicle production, including manufacturing equipment, automotive glass, printed circuit boards and battery cells." (our emphasis)
Of course it's also been a "brutal start to the year" for the victims of the arrogant man-child's DOGE mindless chainsawing through the Federal government, under the guise of eliminating "waste, fraud and abuse" without even evaluating programs or impacts on Americans. Market analysts were warning that Musk's eager involvement with the Malignant Fascist's regime could spell permanent damage to his automotive business. That, plus increasing competition from electric vehicle manufacturers domestically and in China, where Tesla sales are way down and losing market share. Let's hope the death spiral continues, as Musk's obscene fortune is largely tied to that business.
UPDATE: Ironically, Tesla would have fared even worse if it hadn't been for President Biden's zero-emissions tax credit initiative:
It was the worst quarter for Tesla deliveries in more than two years and came on the heels of the company’s first-ever year-to-year drop in sales. Tesla’s income was buffered by selling $595 million in zero-emissions tax credits, according to its earnings report — without those, it would have posted a loss. (our emphasis)
Republicans unanimously opposed the credit, of course.
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