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Oh, Tesla Is Doing So Much Worse Than I Thought
The future for Tesla is bleak.
Everyone’s favourite outed Nazi, stock market manipulator, play-pretend gamerboy, and international conman, Elon Musk, recently announced Tesla’s 2024 Q4 earnings, and they are insane! I have already covered how Tesla is circling the drain here (read more), but this earnings report and the response to it paint Tesla’s future in even more vivid shades of despair. However, in spite of it all, Musk is still spouting weapons-grade copium, and thanks to his proximity to Trump’s very clearly heavily fascist-leaning administration, Tesla’s shares have entirely departed from reality, setting the EV giant up for a fall the likes of which humanity has never seen. So, let me walk you through just how bad things are for Tesla.
No one was expecting a good 2024 Q4 for Tesla. But not even the biggest Tesla sceptics expected it to be this bad. Tesla suffered an 8% year-on-year revenue decline and a whopping 71% plunge in profit! And in reality, it is actually worse than these numbers suggest. During Q4, operating income fell to just $1.6 billion, compared to $2.1 billion in Q4 2023, a massive decline of 25%. However, during Q1 of 2024, Tesla’s operational income had only declined 13% compared to Q1 2023. This shows that Tesla is on a slippery slope downward, and the annual figures for 2024 are actually…