This electrek site frequently comes up in my Firefox news feed and they seem to have made a business of breathless reporting news about Tesla with a negative spin.
It trades at a 360 p/e with annually shrinking finances. None of it's blockbuster promises have come to fruition, and it keeps on faux chasing hype products to keep shares buoyant. Nevermind all the shady accounting and and notorious opaque data sharing that has cropped up in the last few years.
It has had three success stories which are all pretty banal (model S, model 3, model Y), and has a litany of perpetually "just around the corner" products that will fill those massive 360 p/e shoes and then way more. FSD, roadster, semi, model 2, robotaxi, optimus robot, and now terafab. All vaporware that is indefinitely pending, and seem perfectly crafted to tickle the mind of "the internet IQ test said I'm a genius" type investors.
It then has it's meh business of battery production and storage, which does alright for what it is, but even still is now borderline noncompetitive with Chinese offerings.
So if electrek is going hard against Tesla...it kind of makes sense?
That aside though, in total sales, BYD is selling 2.5x the amount of EVs.
Tesla ranked 9th, behind Toyota and Volkswagen for total sales in Feb and March.
Globally, Tesla has a tight lineup, so there is only one SUV choice. Other brands outsell Tesla model Y, but it's splintered across their many offerings in the SUV space. Tesla really wants you to know that the model Y is the top selling car globally. They don't want you to know that other SUV brands outsell them, but in the form of many different models.
This is exactly the kind of nonsesne flexing I am referring to that comes out of Tesla for the last few years. Things that on the surface seem "wow", but underneath are just shady or misdirection.
Is it legal? The whole point of earnings call is to disclose such events to [potential] shareholders.
> "In April 2026, the Company entered into an agreement to acquire an AI hardware company for up to $2.00 billion in Tesla common stock and equity awards, of which approximately $1.8 billion is subject to certain service conditions and/or performance milestones dependent on the successful deployment of the company’s technology."
That's not quiet or sneaky in any way.
The article says:
> The fact that Tesla discussed the $2 billion SpaceX investment extensively in the shareholders' letter but didn't mention an equally-sized acquisition is a deliberate choice.
The existence and content of the report is all that matters, you can emphasize or ignore anything you want in the press release.
Has any company ever buried such a large acquisition in its filings without disclosing the acquired company prior? I cannot recall any off the top of my head.
You might be shocked to find out, as I was, that earnings call are not even legally required. Companies are legally required to make SEC filings and that's it.
[1] https://techcrunch.com/2026/01/20/elon-musk-says-teslas-rest...
Bender•2h ago
rogerrogerr•2h ago
Can we vote to ban an adverb?
powvans•1h ago
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