Comment by josefritzishere
18 hours ago
It's most incredible to me that this company, obviously in distress, still has not fired their CEO.
18 hours ago
It's most incredible to me that this company, obviously in distress, still has not fired their CEO.
TSLA is a meme stock; the CEO's antics are the source of its value, and the board knows this.
It's interesting that people are willing to take the risk buying a vehicle from a company that is effectively a meme. I take my safety seriously and I'd prefer the company that builds the vehicle I am driving to also be serious.
Teslas rank pretty highly on safety reports.
https://www.iihs.org/ratings/top-safety-picks
https://www.nhtsa.gov/ratings-search
There was also that guy that tried to murder-suicide his whole family by driving off a cliff and everyone survived. Crazy considering the picture of the crumpled car..
https://news.ycombinator.com/item?id=45582701
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I thought they couldn’t? Doesn’t he basically control the board through his shares and puppet/crony board members who have little incentive to kick him out?
I thought it was similar FB where Zuck owns enough voting shares to be effectively untouchable as well.
They sold more vehicles in the most recent quarter than ever in their history.
It’s always interesting when the perception given by the media is so far removed from the actual facts.
Beat Q4'24 by 0.3% in the quarter that EV tax credits ran out and EV buyers used their last chance to pocket it. Most other EV models had 50%+ sales lift that quarter.
Most legacy manufacturers were/are still trying to figure out how to produce EVs to compete. Looking at this month's KBB report for EV-first brands:
YTD Sales
- Lucid: 23.4%
- Tesla: -4.3%
- Rivian: -13.2%
Lucid is the big surprise there to me (though only ~8K sold).
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> They sold more vehicles in the most recent quarter than ever in their history.
EV tax credits were only available through Q3. There was a rush to buy EVs before credits expired.
If you’re only looking at that one quarter, that’s the most biased signal you could get.
YoY sales are down while other automakers are up, Q3 might be an artifact of EV incentives expiring. Iirc other manufactures also saw an increase in EV sales in Q3.
That quarter is an asterisk for every EV maker, due to the ending of US subsidies. (ditto for whatever decline we see in Q4)
I think next quarters results are going to be a lot more indicating of the company's health than the most recent one, since the ending of federal subsidies inflated demand across the industry.
But "more vehicles than ever" is factually false, according to Tesla itself. They delivered ~397,000 vehicles in Q2-2025. They delivered ~437,000 in Q4 of 2024.
So I'm not sure what you meant by that statement.
Eh downvote. This is so trivially look-up-able.
> [1] Total revenue decreased 12% YoY to $22.5B. YoY, revenue was impacted by the following items:
> - decline in vehicle deliveries
[1]: Page 5 - https://www.tesla.com/sites/default/files/downloads/TSLA-Q2-...
I think they were talking about Q3 and not Q2.
> Eh downvote
“Please don't comment about the voting on comments. It never does any good, and it makes boring reading.”
[1] https://news.ycombinator.com/newsguidelines.html
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I'd imagine the entire EV segment suffered the same decline as people start to realize what a pain in the ass they still are, myself included. I can't wait to get rid of the failed experiment that is my EV and go back to ICE. Only two more years on my lease.
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The stock doubled in the past 6 months. And tsla has a market cap of $1.5 Trillion. To put that into perspective, south korea's GDP is $1.7 trillion.
I don't think tsla shareholders are complaining.
The reason it increased (not doubled) is that their CEOs public behavior drove the value down over 100 points in the months prior. I think the meme stock comment above actually has some merit though.
> The reason it increased (not doubled)
It did double. Check the april lows.
> is that their CEOs public behavior drove the value down over 100 points in the months prior.
And yet, he is still CEO. Not only that, didn't the board just award him a new pay package?
> I think the meme stock comment above actually has some merit though.
A $1.5 trillion meme stock? Don't think so. A S&P500 company that is a meme stock. Don't think so. It is highly volatile, but it isn't gamestop.
All I'm saying is that Musk is still the CEO because enough shareholders back him. Why? Who knows. Maybe it's because he's increased the value of tsla from a few billion to $1.5 trillion in the past 15 years. Who knows.
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My god, people are so brainwashed. You really think the most effective CEO in generations should... be fired. It's absurd.
TSLA is near all-time high and more valuable than next 10 automakers combined.
And it will be, until it isn't. It certainly isn't on the basis of fundamentals. It's purely vibes, but that won't last forever.
Doesn’t need to last forever. Just long enough for you to sell and get out.
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Elon Musk personal brand is incredibly valuable, justified or not.
I don't think that he really runs the company, and kicking him out will most likely not change anything technical, but it will affect the company image among shareholders, most likely negatively.