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.
I read that hedgefunds use Tesla as colatteral and can’t let it go down much more. Don’t know if true but pretty interesting. If enough people sell they can’t keep the price up and fun times will begin which I hope for.
Collapsing hedge funds would be the icing on the cake.
I have to say, if someone whispered in my ear “collapsing hedge funds” it would romantic af.
It’s almost as romantic as hedge vodka.