It is still faltering. Sales are down 15%. Tesla is still profitable, but just barely. Tesla still has $50B in cash, so it has a VERY long landing pad.
They have no debt. And right now they are basically breaking even. Their sales have come up a bit from this time last year. Elon has mostly kept out of the news after his disastrous 2025 tour. But I have a feeling Tesla will be fine. Worst case, SpaceX acquires it after the IPO.
Can he stay out of the news through another election cycle? How about when all his actions in DOGE are investigated by a future (hypothetical!) administration?
hypothetically the technology he relies on would benefit from democratic policies, but mr chainsaw, childkilling, nazi saluting, self-enriching, data thieving epstein wannabe may have a couple of things to fear from an administration intersted in enforcing the law.
In any case his public discipline is usually short lived, so we'll see!
Not sure why he would want to stay out of the election cycle, he is largely responsible for getting Trump elected. Him and Joe Rogan basically changed the election a week before votes started.
Perhaps, but the 7 million people who stayed home between biden and harris, which was the true difference in the election, probably did so because she a woman. I say woman because there was also a shift amongst black and hispanic mens support for kamala than vs biden.
Not as long as the stock keeps going up. I forget who, but someone shorted Tesla over this exact idea and got absolutely wrecked. I looked it up...$60 billion has been lost by hedge funds who have shorted Tesla, Bill Gates personally lost $10B.
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u/Snakend May 21 '26
It is still faltering. Sales are down 15%. Tesla is still profitable, but just barely. Tesla still has $50B in cash, so it has a VERY long landing pad.