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Tesla’s Remarkably Bad Quarter Is Even Worse Than It Looks
Reality is catching up with Elon Musk.
Musk sounded bitter on the call with investors that followed, blaming the company’s misfortune on protesters who have raged at Tesla dealerships around the world over his role running DOGE and his ardent support of far-right politicians. The fact that these demonstrations were the first thing Musk brought up on the earnings call speaks volumes about how rattled he must be; Tesla purchases have been down considerably this year in the U.S., even as EV sales keep rising. A long-awaited cheaper new Tesla could bring in more buyers, but there’s been little fanfare around it, perhaps because Musk is preoccupied with autonomous taxis and self-driving cars; a new “ robotaxi ” service is supposedly launching in June, in Austin.
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