Alright, so here’s the deal with Tesla right now. Elon Musk, you know, the guy who’s either a genius or off his rocker depending on who you ask, is supposed to drop some big news soon. Everyone’s like, “Elon, where’s our cheap Tesla? And what ever happened to those robotaxis you keep yammering about?”
Wall Street is on edge ‘cause they’re counting on this magic budget car to bring Tesla back to life. I mean, sales have been tanking, partly ‘cause who doesn’t love a bit of drama with Elon’s political antics, right? Rumor has it, they might just strip down the Model Y and sell it as the “affordable” option. Not really what folks had in mind. Will Rhind, some big shot over at GraniteShares, is like, “Elon better not screw this one up.”
Tesla’s stumbling; sales are down and so are the profits. They’re trying to bribe, I mean incentivize, customers with perks to buy more cars, all while the competition snaps at their heels—especially those slick Chinese EVs. So, Elon pivoted to robotaxis and AI—because of course, why not? Promised driverless cars in Texas and California. But let’s be real, he’s been teasing self-driving Teslas for what? A decade? Meanwhile, there’s a mountain of safety concerns and legal headaches looming. Sounds fun, right?
Oh, and there’s this drama with the Cybercab—essentially a futuristic fancy robotaxi—which might get stalled because of some tariff mess with China. Thanks, Trump.
Let’s not forget everyone’s lowkey freaking out about how much time Elon’s actually spending at Tesla since he’s busy with, wait for it, politics. Some say he’s in Trump’s orbit, even leading federal job cuts. Bold move, buddy. Protests have erupted, showrooms got trashed, brand value is plummeting, and hey presto, the trade-ins went up.
California isn’t loving Tesla anymore, sales have nosedived there, too. The stock? Took a 40% dive this year alone, vaporizing over $500 billion in market value. Wild.
So, Dennis Dick—another analyst who has faith in Musk—reckons if Elon stops blabbing politics and focuses back on Tesla, the brand’s reputation can be saved. Maybe shift gears back to FSD (Full-Self Driving), robotaxis, and that Optimus robot plan. Priorities, right?
Despite these setbacks, Tesla’s first-quarter revenue is expected to stay flat from last year at a whopping $21.35 billion. Thanks to selling regulatory credits and solar energy systems. But auto margins? They’re shrinking like before your eyes.
To top it off, Tesla’s slashing prices on Cybertrucks since orders have faltered. Oh, and, delightful, a giant recall in March due to safety issues. Makes you wonder what’s next in the ever-chaotic yet fascinating Tesla saga.
