> The bottom line problem at Tesla is its vanishing bottom line. A deeper look at its first quarter report shows it’s now losing money on what should be its ostensible reason for existence – selling cars.

> It was only able to post a $409 million profit in the quarter thanks to the sale of $595 million worth of regulatory credits to other automakers.

This last part should be alarming to Tesla "fans". In every Tesla post here, there are those who tout the "Tesla is making huge profits, they have nothing to worry about".

It's not a great when the head of the company is there to announce that they are in some turn of phrase or another "not dead" or not close to it.

Just having to talk about that seems bad...

i refuse read the biased news from CNN or FOX or MSNBC

However, I've read countless Bloomberg articles on Tesla, and the company has significant competitive advantage over every automaker (Including BYD) when it comes to manufacturing and selling EV's in the US and elsewhere.

If you are inclined to drive an EV, or own stock in an EV company, Tesla is still the gold standard.

Elon lied and said he had funding secured to take tesla private.

SEC came in and got a settlement from tesla because it was a crime.

This in late 2018 however changed the situation greatly at tesla. Shortly after this, yes the model Y and Cybertruck eventually happened but tesla really slowed down. Not well known, but essentially the usa government took control of tesla after this. The government even voided his compensation as being ceo. Essentially forcing him to work for free.

If I look at Tesla's financials right now.

12.87% % of Shares Held by All Insider

But "all insider" isn't just Elon himself. That's all the peoples at the top.

You might imagine that Tesla is basically on autopilot now. Elon doesnt even own that much of tesla anymore. Doesnt really direct it much anymore. Far more interest in other private interests like spacex.

Then you have political movements of domestic terrorists firebombing and vandalizing teslas that have nothing at all to do with elon or tesla.

Tesla is in bad shape.

I strongly moved out of Tesla when at the same time, Semi wasn't moving forward, Cybertruck seemed questionable and somehow they decided against Model 2 (affordable model). Not going for a mass market Model 2 was really where I lost interest. I never believed in the FSD beyond some additional revenue, but instead of focusing making a nice product, they just used it as a beta.

I really hopped they wouldn't just do 'a truck' but would quickly build a single line to build a trucks, a large SUV and a van on one platform. But the Cybertruck hard-locks you into a very limited and unique construction. The fundamental technology of the Cybertruck seems pretty good to me, but I would want them to build multiple vehicles on that kind of platform. Between Pickups, Vans and large SUV, you would be hitting 3 huge markets.

Another issue is that they used their good efficiency numbers to put smaller batteries into the car. This worked while other were not very efficient. But the competitors were willing to put a bit more battery into the car and thus ended up with sometimes better range.

There were a bunch of other issues stacking up that I think they never really fully figured out.

The biggest sin of all is Robotaxi. I just never fucking worked. Going all in into Robotaxi instead of, cars that can actually be sold is crazy. They somehow believe that Robotaxi will collapse the car market by 80%, and then of those left over 20% the Model 3 and Model Y can dominate that. Completely idiotic analysis in my opinion, from many different perspectives.

I already pulled out most of it before Musk went full politics. And then I eliminated the position when Musk went all in on Trump. It was a good investment as it lasted.