Tesla reports steep drop in profits despite US rush to buy electric vehicles

>We believe, with Optimus and self-driving, that you can actually create a world with no poverty Because "self-driving cars" and robots will feed all those hungry people in Africa. Does he actually believe this or does he just think it makes him sound cool?

The latter, which unfortunately works on the cult.

The world’s richest man is literally pitching *communism-as-a-product* to pump his stock price so he can earn his $1T pay package. Marx is rolling in his grave.

He wants to be to the world what Kim Jong-Un is to N. Korea.

The crazy part is that a lot of these psychopaths do believe their own bullshit.

Next quarter will be beyond brutal. Elon better start promising fully automated robotic unicorns.

He’s laughing all the way to the bank every few months he’ll bring it up appease the investors and fuck everybody else

I don’t think Elon believes in anything, other than maybe white power racist delusions.

Pretty rich from the dude that claimed he could solve world hunger with money. Still waiting on that to happen.

>despite US rush to buy electric vehicles high short term demand is not a good indicator for long term performance.

sure. if rich bros in the US can watch porn and jerk off while driving poverty is totally solved.

There's a lot of people that legitimately believe Optimus will be picking vegetables within your life time. Sure it can barely walk, can't do anything useful, and can't be untethered for more than like 20 minutes. But so soon now.

Probably meant power hungry people from South Africa

I think if that’s literally the only task you trained it for, you could get there. But if it’s only being trained for that one task, the. Why use a humanoid robot when another form might by 100X more efficient. It’s the generalized AI thing that I think will never get there in my lifetime and I don’t see Optimus providing any value over say my robot lawn mower or robot pool cleaner that are optimized for single tasks.

Please give elmo his $1T he so deserves. He is doing such a fine job /s

I think he might mean, there will be no poor people because he won't need them anymore.

He is desperate to get that pay package before the whole thing crashes down. 90% of the valuation of this stock is speculation.

He means a world with no poverty for HIM

Yeah this game is over.

Even if it could do that, how does that solve poverty. All those poor people who work the farms would now be our of a job.

Even that’s too generous. Right now Tesla’s P/E ratio is 259. Ford’s is 15. To match, Tesla would have to lose 95% of its value. And that’s being generous to just match Ford, considering that Tesla can’t produce any new cars.

Why do I get feeling that Tesla numbers are being fudged?

Because they most likely are?

No it’s a medical company now right with robot surgeons ><

Kind of makes you wonder if Musk has even seen modern ag automation.

Emissions credits where art thou?

$50 / month subscription for this

Bi Buy BYE!

That’s the thing I never got with humanoid robots. There are lots better form factors depending on job, humanoid isn’t the ideal. Say you need to transport about 100 boxes worth of faux leather used for the interior from the loading dock to the manufacturing floor. The humanoid robot will be able to carry one or two boxes at a time since its center of gravity changes with each box that it needs to compensate for, its “arms” have a relatively low mass weight limit, and legs that make it easy to trip. Meanwhile, you could build a robot that has a shelflike body that can fit two or three boxes per shelf and has four shelves that can stack together when not in use to save room with an arm that can move the boxes onto the shelves and four wheels to move quickly between the dock and the floor. The “boxy” robot will beat the humanoid every time. Maybe for niche like caregiving, humanoid will be better since it’s more “familiar” a form, but industrial it makes no sense.

Their [chief accounting controller quit in April](https://electrek.co/2025/04/09/tesla-top-financial-controller-leaves-tsla/). Wouldn’t be shocked if Musk demanded them to fudge the numbers and they realized that when the house of cards blew down, it’d be their head on the line as well.

The corporate welfare just ran out for Elon and Tesla. His golden days are over

Who said anything about feeding people? If you have a robot army you can have a world without poverty pretty easily.

The man that believes empathy is for suckers wants to end poverty, yeah okay.

Profits = *GOVERNMENT TAX HANDOUTS for a welfare Queen. Fixed it for ya. Also, the article probably quotes the YEAR OVER YEAR numbers Tesla loves to use to distract from reality. "... net income of $1.4bn, down from $2.2bn, a drop of 37% in its profits." Reality is closer to 50%+ since half their "profits" came from American tax payers.