this post was submitted on 22 Apr 2025
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politics

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KEY POINTS

  • Tesla CEO Elon Musk said on his company’s earnings call on Tuesday that he’ll spend much less time with DOGE starting in May.
  • Tesla’s stock price has plunged more than 40% this year.
  • The company on Tuesday reported an earnings and sales miss and said auto revenue dropped 20% in the quarter from a year earlier.
top 11 comments
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[–] Zeppo 45 points 1 week ago (1 children)

Sure, he's done. He destroyed agencies which regulate him or against which he had a grudge, fucked up regulation and the social safety net, arranged other things to make rich people money, compromised personal data for basically everyone and helped his buddy Putin. Why stick around?

[–] [email protected] 22 points 1 week ago

He may want to impregnate some public sector employees.

[–] [email protected] 34 points 1 week ago* (last edited 1 week ago)

it’s just because a “special government employee” can only be there without clearance 120 days. it was always going to be like this, sadly this isn’t any kind of win.

[–] [email protected] 17 points 1 week ago

Damage: done. Consequences: none.

[–] [email protected] 10 points 1 week ago (1 children)

He should definitely design the next Tesla car. The Cybertruck must be surpassed as the worst vehicle.

[–] [email protected] 4 points 1 week ago

Cybertruck 2!

[–] [email protected] 6 points 1 week ago (2 children)

Geez, like anyone's going to miss him. I've never seen anyone self-destruct like Elon has. If he makes a comeback it'll be the most miraculous ever.

[–] [email protected] 5 points 1 week ago

He's still the richest man in the world, so there's a long way he can fall.

[–] [email protected] 3 points 1 week ago

Well, he did manage to destroy a lot more than just himself.

[–] [email protected] 6 points 1 week ago (1 children)

Seems like the stock was priced high because people thought the company would be growing. Now it is way down for the year but similar to where it was before the election. Was revenues dropping 20% priced in before the election? Seems unlikely. I would imagine Musk's likely influence over the Trump admin from his massive donations was probably priced in, but isn't that going to wane with his special employee status ending? Is Trump really going to continue to give tariff protections and White House advertising to Tesla without Musk ponying up more money?

[–] [email protected] 2 points 1 week ago

Tesla stock was never tied to reality in anyway. It should price adjust.