KEY POINTS

  • Tesla missed on the top and bottom lines in its first-quarter earnings report.
  • Automotive revenue plunged 20% from a year earlier.
  • The stock, down 41% so far this year, was little changed in extended trading.
  • BigMikeInAustin@lemmy.world
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    1 day ago

    Elon had to stop the regulatory investigations into him. He had to keep himself out of jail. We wanted to secure more government contracts to tower projects.

    Tesla was a means to an end for Elon, and Elon doesn’t care at all about anyone except himself.

    And Elon took care of anyone in the government who could enforce the rules that were supposed to enforce procedures with stock and loans.