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Tesla profit tanked 46% in 2025 | TechCrunch (techcrunch.com)
submitted 9 months ago by to c/technology@lemmy.world
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Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.

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[–] 1 point 9 months ago (5 children)

One would think, but this has gone on way longer than I could ever imagine.

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  • [–] 1 point 9 months ago (4 children)

    People are remarkably dumb, yes. But look at last year alone. European sales tanked. Domestic sales sucked. People were vandalizing and burning his vehicles on dealership properties. He was literally tearing up on the news because no one likes him.

    He isn't immune to company devaluation, and he knows how dangerous that is given how much is tied to his garbage stocks.

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  • [–] 1 point 9 months ago (3 children)

    I want to believe. But, trillion dollar pay package.

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  • [–] 1 point 9 months ago (2 children)

    Why do you think the pay package was so important right now? Folks this rich don't need it, that's why they get paid mostly in stocks with like $1 take home. Same reason Trump "donated" his salary. Optics when you can make so much more.

    A dude like this would normally leverage stock to get low interest loans that they live off of and can write off.

    A lot of people will shy away from Tesla permanently and his true believers are starting to crack.

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  • [–] 1 point 9 months ago (1 child)

    I’m just so cynical at this point. His car company is crap, he’s a right-wing joke, but his public company is near an all-time high. I see so many new teslas where I live, it’s so disheartening.

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