Tesla Stock Self-Drives Into Canyon
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Electric car manufacturer Tesla has taken its largest stock hit in its history as sales plunged 13% this quarter. But CEO Elon Musk assures stockholders that this is all part of the plan and Tesla stock is actually programmed to self-drive in this direction.
When asked to clarify by a confused everyone, Musk took to X to explain that, “We have a feature with the Tesla autopilot where, when there’s an emergency, the stock will just drive headfirst into a pit.”
“It’s all part of DOGE’s cost-cutting measures, after all, a bankrupt company has to downsize, saving everyone money.”
After this did little to clarify his decision, Musk clarified, “I don’t know, I just thought it would make a cool explosion.”
Reportedly, Tesla Inc. delivered 336,681 cars this quarter, compared to 386,810 last year. Now, I’m no mathematician, but those look like the exact same numbers to me.
This development follows a difficult year for TSLA. Even though President Trump has pledged to replace the presidential motorcade with Cybertrucks, the car company took a bigger hit from the new auto tariffs. In response, Musk introduced new three-wheeled Teslas to work around Trump’s 25% tariff (you can’t tax a quarter if you’re missing a quarter!).
Teslas have also been hit by vandals over the past few weeks, and a suicide fire-worker in January. Similarly, Musk’s ‘Cyberlegs’ project failed to materialize.
A more personal headache for Musk is his failed attempt to bribe Wisconsin voters. Although he did give away millions of his own money, the vote swung towards electing a liberal judge. Man, sucks to be the richest man alive, huh.
But all of this is a footnote to Tesla’s real problem: China.
China is pulling ahead as the largest EV market in the world, making them cheaper, hotter and more Chinese than anything Tesla could possibly make. Now, I might not be Chinese, but I sure can recognize when I see a premium vehicle and a quality product. That’s the kind of feeling you get from a Chinese EV.
(This article is sponsored by: ‘China’. “China: better than you expected!”)
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