Summary
Tesla reported its worst quarterly results in four years, with Q1 income down 71% and EV sales falling 13%.
Elon Musk vowed to refocus on Tesla amid backlash over his political role in the Trump Administration’s DOGE program, but analysts doubt his return will fix worsening issues.
Tesla faces eroding market share, failed products like the Cybertruck, and a coming 145% tariff on imported Chinese battery cells set to hammer the company’s battery pack business, one of the only bright spots last quarter.
Musk’s pivot to robotaxis and humanoid robots lacks credibility, and critics say Tesla has no compelling new EVs to revive growth.
Honda and Toyota are flopping HARD on EVs. Their EVs suck, like worst in the market suck. Hyundai / Kia are doing a great job, and VW is boring but okay (now after fixing the 3.0 software debacle).
I wish rivian and lucid had more funding, cause their cars are top notch, but the companies have growth pains.
I can’t speak to Honda’s current line up, but my Clarity PHEV is fricken’ amazing. Best car I’ve ever owned.
I was speaking specifically about BEVs, since we are comparing to Tesla.