Elon Musk spent $288M to cost Tesla $1.4B in lost revenue - and more to come

Tesla will post an enormous loss for q4 this year that will only get worse in all of 26 as the cash cow that is carbon offsets drys up and Rivian takes a huge chunk of their U.S. sales when the R2 takes off.

He got all your data. That was the real heist.

And he stopped the investigations into him and his companies. Because, you know, corruption and nepotism are now normal.

Slate will be coming soon as well. Regardless the Tesla brand is now toxic and as long as Wile Elon Coyote is associated with it, there a huge demographic that won't go near it.

🌎👨‍🚀🔫🧑‍🚀 always have been.

What a shrewd businessman!!

The real question is, does this hurt other manufacturers more than what it hurt Tesla in lost sales going forward? That’s a lot of money that Tesla has gotten to hoard that other companies are now not privy to since they are starting out years behind.

Never forget that Elon Musk propelled DJT into the White House.

It might hurt startups but in the U.S. Tesla's biggest competitor's are legacy auto makers who still produce more gas cars than EV'S. Musk just isn't that smart, he got caught up in Trump's mega web not realizing how bad his policies are for Tesla.

This was the goal. That people don’t realize that is odd

I think the reality is Elon was facing a very real and immediate threat from multiple investigations in 2024 that could have significantly hurt him and the only way out of them was through Trump and DOGE. Elon replaced an immediate problem with one he thought he could fix later.

Imagine if Trump decides to get some revenge too or Burry reveals himself short

TSLA up 16% in early Monday trading.

Slate looks like ass. I’m sure they will sell but I’m not sure who’s buying

Tesla is rather unlikely to manage to turn a profit for the Semi sales as well. The damn thing will end up having less range and being more expensive to what was announced. I don't know how much money was spent between the R&D and building the new lines for it, but that's probably a pretty penny. All that just because Musk had a "genius" idea/bender about trucks.

Tesla's market cap has been a house of cards for years now. There were several ongoing investigations that could've brought that house down... before Elon put Trump in the White House and ended them. Trump is bad for Tesla's revenue, but he's great for their scams. They've successfully made the pivot from car company to scam company, and there's no better President for a Ponzi corporation.

Can't wait

I've stopped believing that anything will have consequences for Musk or Tesla. It's similar to Trump. They can do whatever they want. Tesla's stock will rise even if it returns to operating losses, so what? They can print money through capital increases, and their followers will buy. It's like a self-fulfilling prophecy: with enough money and time, they might even get some of their vapor products to work. That's how they survived the early years. If Musk hadn't lied to investors with unrealistic timelines to keep the stock price high, they would have gone bankrupt long ago, and it still works. There's still enough dumb money out there. Tesla is repeating what they did with cars with Optimus or in the energy sector. They promise incredible profits and people believe them, ignoring cheaper existing competitors from China. 20 million Optimus by 2030!

Not many ppl are buying Tesla. Its ugly. The interior is old. Elon is more focused on xAI and SpaceX. Half of Americans hate him. I am shorting Tesla.

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TSLA stock is at close to all time highs. The cult doesn't care.

And the stock will go up 20%! 😂

And that huge demographic is the most likely to purchase an EV.

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The slate is cheap and easily customizable, probably would do better for people trying to manage debt.

I am one of them. I’m starting to think about a new car and electric options intrigue me, but there’s just no way I’d drive a Tesla knowing I’d be supporting Elon. The fact that so many Tesla vehicles where I live have anti-Elon bumper stickers plastered on them and that he thinks he deserves another massive pay raise is insane.

At that price point they're competing with used cars. Fingers crossed for them because I want to see them succeed, but I don't have high hopes.

IMHO, Tesla Semi is dead in the water because we never built a network of MCS chargers. And there's NO WAY the Trump administration is going to help build such a charging network. So the only potential customers are those with point to point needs where they are willing to build chargers at their own sites WITH THEIR OWN MONEY. That is a niche market. And no, using the public DC fast-charger network is a non-starter because they cost like ~50¢ per KWH such that diesel trucks are then cheaper.

The pump is more important than the long term.

It's insane how detached from reality Wall Street is.

And then their stock will go up somehow

EVs are not practical for me (nowhere to charge them) but If was in the market, Tesla wouldn't even be in the running. They are overpriced, unsafe, and consistently rank near the bottom of quality rankings.

It isn’t cheap though. Both the new Bolt and the new Leaf start at roughly the same price and actually have features instead of things like.. manual crank windows. Slate is a few years too late. The legacy automakers are the real threat to Tesla. BMW in particular is probably stealing the largest share from Tesla.

The new Bolt and the Leaf cost the same, and they’re effectively loaded. The Slate is DOA.

Well since theyre now a "robotics and AI" company, the car sales dont seem to matter as much

Nope. Tesla dept is only 13B while all other major car brands debts are 100-250 billion. So tesla on paper is the richest major car brand by a long shot. Wall Street is not dumb. Some people are just too lazy to do their paper work.

Im one of them. My daughter just totalled her Tesla and we are would not be considering buying another.

Okay bot

Paying a leopard 288m to eat my face

The genius is, in the long run, Tesla and Musk, tiring of the governmental influence, has handed the ICE manufacturers the keys to make the worst efficiency vehicles they can. As Gas Consumption rises from all these inefficient turds that they are designing now, where do you think that will leave Tesla? Tesla will be the Efficiency and total cost leader! As the Legacy Automakers gleefully trash their BEV Plans and shooting themselves in their own feet, Tesla will hold the high ground and consumer will be priced out by the total cost of ownership of these inefficient vehicles the Legacy Automakers are beginning to make, clearing the way for consumers to finally realize, Tesla is the way to go, not Chevy, Buick, Cadillac and GMC or Ford or Anything Stellantis or Toyota or Honda makes, as the Gasoline flows and the price at the pump, strangles the automotive buying public. Once that happens, People will want Tesla products including some who will be hailing Tesla Robotaxis as well as those who will buy or lease a new Tesla Car or SUV!

They may not even be a car manufacturer in few years.

I’m always astounded when a fellow engineer buys one. Like “do you know anything about your field? If you did you wouldn’t go near one of these things”.

That decision n the California DMV vs. Tesla, regarding misleading consumers on “FSD”, hasn’t come down. Possible recalls regarding door handles etc. possibly coming soon too. Could cost them billions alone right there.

“Rank near bottom of quality rankings” nah https://www.motorfinity.uk/blog/ev-ice/#:~:text=While%20EVs%20demonstrate%20clear%20benefits,technology%20matures%20and%20infrastructure%20expands “unsafe” err, what? https://www.whatcar.com/news/how-safe-are-electric-cars/n25839 “not practical for me” can’t argue with that depends on location and charger coverage - here in the UK, certainly for most major cities, coverage is now excellent and tbh if you get an EV you will invariably have a home charger installed too

A home charger presumes a garage to put it in. I have no garage, and a lot of people live in apartments.

Yep. Engineer here. After the Savage Geese review I'm buying Lucid instead. And the rivian r1 when I test drove it was basically a tank. Way too big for me but it was educational. Fighting the auto drive in a gfs Tesla told me everything about their software. It's violent. And the slightest deviation deactivates it. And knowing they turn it off right before collisions is extra scummy.

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Slate was what Tesla should have done with a car and a Truck 10 years ago in 2015.

Somehow he didn't realize that the policies he would advocate contradicted the interest of his ~~scam~~businesses that rely one ~~welfar~~subsidies. Despite this and all the other conflicts of interest, the TSLA board still want to give him $1T?

If they still exist, I'm sure the bullshit factory will never halt production.

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They'll care when it implodes.

Yea but the market crossover between trucks and hatchbacks is non existent. Whether it’s the vanity truck or work truck market. Neither will go for something so different and so much smaller.

They've been a scam company ever since Felon took over. The only reason they pump out a few cars now and again is all a charade to keep the cattle interested.

Not detached. They these are speculators not investors. They don't care about fundamentals. One ticker symbol is as good as another if it's running up.

\^ This. Buying influence at the highest levels is the best way to dodge the prosecutors.

He apparently didn't stop them, only delayed them. It seems now that he's lost favor with Gump, they are starting to look more closely at him.

Paper work?

I'm seeing up 11 cents or .0002%

$25K USD is not freaking cheap. That thing will flop hard.

Actually, except for the CT the cars are about the only cars that aren't fugly as hell these days, which is about the only good thing I'll say for them.

The problem with "fake it til you make it" is eventually is does have to be made, and most of his promises are just unrealistic if not impossible.

I actually like the simple elegance of the Slate over the fugly crap that most cars have been over the past 20+ years. I still think the price needs to come down a lot though.

It’s so awkward in work, I have a rule to not talk about religion or politics at work and these gobshites come in comparing my electric Volvo to their Tesla..

It's cheaper than Tesla but it's still not cheap compared with a comparable ICE vehicle which has more standard features.

This is true, they are nothing but accomplices.

U can't be naive enough to believe a CEO that threatening stockholders for 1 Trillions ( otherwise moving projects to xAI) actually give a fuck about the company. The financial institutions that lend money on Elon's share are to be fucked ultimately as the share becomes 0 value fairly quickly.

That's detached from reality.

I am part of that demographic. I have solar, drive an older electric car, will need a new one in a few years, and will never buy a combustion engine vehicle OR musk associated vehicle. Besides, my cousin has a Rivian and says positive things about it

Some people live in apartments for sure but not the majority - tenements in the UK now often supply communal charging - and a home charger absolutely does not presume a garage installation. Not in the UK anyways and elsewhere? I guess that depends on extreme weather conditions which don’t apply to most of the UK. The wall charger isn’t like a standard domestic plug socket - they are designed to be fitted outdoors.

The new model Y ugly.

Compared to most modern cars, it's not really bad. Now the Prius is really fugly!

I also remember when people screamed about "PEAK OIL!!!" in the 70s and 80s. There are plenty of other smaller, better, more efficient, and smarter EV manufacturers in the US and abroad. Tesla is a dying company, and their k-addict CEO is attempting to rip as much money out of the company as possible before they collapse under the weight of his ego and narcissism.

DC fast charging is still cheaper. Anyone who uses them has a plan. Cost on my area are as little as .24 cents per kw. Even at .50 cents it's still cheaper than gas or diesel

In Germany, most people live in rented Apartments. Good luck finding one with private parking in the first place and secondly a Landlord willing to invest in Wallboxes for every parking spot. So at least in Germany it’s mostly true: if you don’t own a House you will rarely have the Opportunity to charge at home.

But we will have to wait, if Slates business model works. At the moment they are still at the Elon stage: Much promises, nothing delivered.

But you always have to decouple the Trailer before charging at Stations that are built for Cars. This takes massive amounts out of Driving time and produces unneccessary cost.

That’s my point. Tesla has gotten years of subsidies and the legacy auto makers barely got a taste of it so they will have to spend their own money to make their ev line. In the end I think he did it on purpose. He got subsidies taken away, but more importantly, he got it taken away from legacy before they can ramp up.

Yes, this. Years ago when Tesla was, it, it genuinely felt like such a unique car that you could overlook the issues for because some of the benefits were so amazing (supercharging, “self” driving, quality) but now they don’t even control any of those factors on top of a CEO who supports a political view

I think Musk is going to fudge the numbers. He won’t be willing to admit the loss. He fired the Chief Revenue Officer and replaced him with himself, Elmo Musk. Reported sales figures cannot be trusted. He’s above the law and he knows it.

I believe the final verdict for the California DMV vs. Tesla is due at the end of this month?

I have a sticker on my E V that says "One Less Tesla" . I've had Tesla drivers compliment it but never complain. Most Tesla drivers are good people who were conned by Musk and are upside down on their cars with Tesla depreciation. When you see one with the new light bar on the front you know they're a piece of garbage who bought knowing who Musk really is.

Yeah, I wouldn't tow with an EV. The infrastructure isn't there yet.

Switching from the one product line that actually does exist (at least partially) to fantasy vaporware. A genius move!

The dump will be more important. It will decide which gamblers come out ahead and which ones get let holding the bag.

They don't care. Without the mythology the stock crashes to $5, maybe less.

Actually I think they know better. They are just playing the Bigger Fool Theory, expecting to bail out early before the crash comes.

I got my 2023 Model Y AWD for $40k OTD. It's fine for that price. After Ford/GM defected, NACS was and is a prerequisite since I greatly prefer that plug to the CCS-1 monstrosity, so in late 2023 it was a very short list of viable BEVs for me. I'm actually renting a Kia Niro EV from Hertz this week (if they actually have one for me) so I'll be able to compare the experience on a long drive.

I really hope it works just so hopefully it makes modular design become a popular thing

Meanwhile in Northern Europe: https://youtu.be/ODd4wpl946k?t=614 It's been amazing watching the charging networks being built out over the last couple of years, it's really taking off. In the video the guy and two buddies are convoying up from Southern Germany to Sweden in their electric semi trucks, fully loaded. They have three different trucks from three different manufacturers that are selling electric tucks right fucking now. They have specs and numbers and data, and the video shows the reality of driving an electric truck for work. They stop at charging stops belonging to completely different networks, with chargers from different manufacturers, and different layouts. At the point in the clip that I linked, he's pulling in to a Danish charging station that's layed out so that you don't have to unhook your trailer, you can just pull in and charge, you normally get an entire 400kW charger for yourself, and his truck is doing ~350kW. The future is happening, but it sure as fuck ain't happening in the US, and with the current administration, you're gonna slip even more. Oh, and note the complete absence of the "world leader" Tesla. They're so behind. Why are people even talking about their truck any longer?

I agree, but it is genius when youre trying to prop up or maintain the stock price by smoke and mirrors. I think everybody knows its a shit company with its days numbered, but theres just too much money in it by big players so everyone agrees to play along.

In Q4, Elon will tell us a story about robots, diners and solar panels; Cathy will give an outrageous target and people will buy the stock. :) Fun aside: up to now, they don’t need funds, so they are not yet in deep s#%&.

Yep. I used to have one but have moved on. I might consider them again if Elon is no longer in a position to profit from Tesla, but for now I’m happy with my non-Tesla EV.

Hahaha this post is hilarious. Real world people who don’t have a clue about what Tesla actually is. You guys stay in your own little bubble while Tesla changes the game altogether!!

BYD - please enter the US market 🙏🏽! Yeah I know, hopium!

At this point. There should be a book out with the title "This Man Is An Idiot! A complete list and reasons why Elon Musk is the dumbest man in tech."

Bold move..people .who.invest in Tulsa don't give a fuck about fundamentals. Could be 3x the value by end of 26.

What's more amusing is that people think a bumper sticker absolves them of the fact that they supported him, if not just monetarily, then also by driving around big assed billboards for that d-bag. The mental gymnastics they go through must have been olympic-grade. I guess in the end freedom does have a price: whatever these clowns spent on their Teslas.

From the Tesla fanboy extraordinair.

They were willingly conned by Musk. He's always been a human stain, just many chose not to see it.

Tesla is a vaporware company, as soon as they miss the target on one vaporware they move the target to the next vaporware and tell us it didn't matter. Get your ass kicked by Waymo talk about Robots or AI, lose that race and no we're into matter telaportation now.You Tesla fanboys crack me up.

Haha sure - I’ve seen many of you morons been writing off Tesla for the past 15+ years - there were people shorting this stock when it was $15 saying Tesla will never be able to compete against GM and Ford. Like I said before, stay in your little hatred bubble while we go for the future! 😆

Used to be a Elon fan but once you realise you cant unsee it. Feel free to spend your money on Tesla shares. My money is not going near it. Assuming you own shares or are you just a fan.

I believed in the scumbag as well and had a Tesla reserved but fortunately Musk showed his true Nazi colors just before my reservation moved to the order phase so I canceled it. Musk violated the trust of every early Tesla customer and most won't forgive that.

Its all a fake sham there's zero real bad blood between them Trump gave billions to Musk and still is .. only fools think these 2 are actually arguing.

Well those NASA contracts are about to be lost. Damn! Who will he billl those Cybertoasters to?

The market can stay irrational longer than you can stay solvent. For the reasons we all know, their stock price is completely insane. But I would not short them with my own money, given the long history of market manipulation.

So they are breaking corporate law then.

Garbage cars for garbage people.

Musk is about to lose ALL GOV’T CONTRACTS. DoD, Grok For Gov’t, GSA, SpaceX. Something is brewing attached to the activist shareholders, ISS STOXX, and Glass Lewis. Musk, Robyn Denholm, Cathie Wood; the heavy campaigning around the Tesla Shareholder Meeting, investment into xAI, and Musk’s $1T is not a sign of confidence, it’s desperation. Musk calling ISS and Glass “terrorists”, Denholm’s open letter on X, Wood proclaiming that “retail shareholders will ensure the passage of proposals”. All three know they cannot rely on BlackRock and Vanguard. Watch for what happens after November, 6. Class Action Lawsuits are going to be filed. A bombshell attached to a whistleblower that’s been successfully contained by the PTB. Musk’s empire is hanging on by a thread. Trust.

Im excited to see the Neue Klasse vehicles when they come out. The iX3 specs look very impressive.

All signs indicate it's just reached the tipping point, and soon Musk's fall will start to accelerate. I think you are right about desperation. They know the company's future looks bleak so they are looting what they can before they go.

Now he can get his pick of the litter and pimp out as many concubines as possible! Thank you OF & co! ICE ICE baby!

Love the username.

it's been reported the Semi price has moved from $160 / 180k (depending on range) to $300k.

Shaming me for having a Tesla isn’t going to make the world a better place. I bought the car years ago before his fascist remark and I’m not going to spend another 30-40K to replace it. Hate the man all you want, the car is a damn good car. It’s the best car I’ve ever driven and the first car I’ve purchased for myself. I’m proud of that. When the next best car comes along I’ll move on if the timing is right.

Not a crazy theory but if it was "fake bad blood" I dont think Elon Musk would have said something about the Epstein Files a few months ago so its real in my opinion.

> Slate looks like ass. Looks are subjective. Personally I've feel that every Tesla beyond the Model S has looked like ass, and that the Model S looks dated as hell. > I’m sure they will sell but I’m not sure who’s buying People who either don't find it ugly, or for who function is more important.

It’s wild how Musk keeps turning every financial loss into a narrative gain. Most CEOs would frame a $1.4B hit as a crisis, he reframes it as *investment in the future*. It’s part of why Tesla’s valuation behaves more like a tech company’s belief system than an automaker’s balance sheet. There’s a good breakdown of that pattern here if anyone’s interested in the logic behind it: [https://capitalfolly.com/tesla-at-the-crossroads/](https://capitalfolly.com/tesla-at-the-crossroads/)

Besides data mining , he wrecked the name of Tesla. He does not deserve to be paid for this.

Musk knows the Epstein files will never be released, but there had to be a show of opposition from Musk in an attempt to save his companies. SEIZE ALL MAGA PROPERTY AND ASSETS

"best car" for people who are "bad at cars." Terrible ride quality, lackluster interior (which people gloss over due to a big screen catching their eye) and awful QC.

It's almost as if the only actual fully self driving thing the company produces is its stock, lol.

Not sure he'll go that far, he's not stupid. He's a master at dancing around in the grey area of statements the market will deem positive yet aren't technically incorrect enough to warrant SEC action. Also didn't he have xAI and SpaceX buy a ton of cybertrucks?

The legacy automakers had a decade or more to jump into the market. They just didn’t have the vision, knowledge, or really understanding of EVs. You could walk into a Chevy dealership and they wouldn’t have the car charged. That’s basic sales skills not being taught by the automakers. Elon shat all over them for years, then lost his damn mind. I mean what else would you expect, unlimited money, drug habit and daddy issues.

Same with Meta and Apple actually. Also Reddit too.

I think there are many more things occurring than the tax credits. The subsidizing of the EV industry for years should have yielded technology that can be sold at market rates. I think we are seeing some of that now. Tesla does have the self driving feature which is very advanced compared to the nearest competitor. I think that compels people to buy Tesla if they can afford it since the feature can be added later if desired. But the high margins, courtesy of the taxpayers, may be in the past.

Tesla is a pyramid scheme from all the data I’ve read

Nothing another ten or twenty million can't take care of.