Yesterday evening, Tesla reported first-quarter earnings for 2025, and they were abysmal: Profits dropped 71% from the same time last year.
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 protests that you’ll see out there, they’re very organized. They’re paid for,” he said, without evidence.
Profits dropped by 71% compared to the same quarter last year, but the stock price went up 68% in the same time frame. Because that makes sense. Who are the idiots still buying TSLA at these prices?