Good morning. We sat with 350 New York City lawyers as they strategized against President Donald Trump. There were calls for protests, op-ed writing, and lawsuits. Amid the anger and frustration, some hope broke through the noise. In today's big story, Tesla's earnings report came with a big announcement: Elon Musk is stepping back from DOGE.What's on deck Markets: Gold is showing it's the top "safe-haven" asset.Tech: No more filtered selfies. Instagram's new feature is forcing users to get Reel.Business: ...

One comment from Tesla CEO Elon Musk during the company's earnings call may help investors look past the company's horrendous first-quarter results.Investors expected disappointing results when Tesla (TSLA 4.71%) reported earnings Tuesday afternoon. Unfortunately, that's pretty much what they got. Revenue and earnings plummeted as the company faced a number of challenges, including high interest rates, a pause in production during part of the quarter, and macroeconomic uncertainty. But, on the bright side, ...

Summary⚈ Politicians sold Tesla shares ($1,001-$250,000) in March 2025, some before an 8% drop post-Q1 earnings miss.⚈ Tesla’s Q1 2025 earnings ($0.27/share, $19.34B revenue) missed forecasts due to competition and Musk backlash.⚈ Tesla’s stock rose 6% to $252 after-hours on April 22, down 40% year-to-date amid supply chain issues.In the weeks before Tesla’s (NASDAQ: TSLA) disappointing Q1 2025 earnings report, several U.S. politicians cashed out on their holdings in the electric vehicle (EV) giant.Among th ...

Elon Musk made some big, exciting promises to Tesla investors on the company's first-quarter earnings call Tuesday — but he said they won't start paying off until mid-2026 or later. In the hours after Tesla reported, analysts said they were waiting for two things: a highly anticipated cheaper car and for Tesla's robotaxi to hit the market.Tesla's robotaxi, which was unveiled in October, is a fully autonomous vehicle that could be hailed on a ride-sharing app like a cab. Tesla has also been teasing a cheape ...

This is the one mega-cap stock to buy on the sell-off.The trillion-dollar club got a little bit smaller over the last few weeks.Tesla (TSLA 4.71%), Broadcom (AVGO 2.08%), and Taiwan Semiconductor Manufacturing (TSM 2.40%) all got the boot as part of the broader sell-off in stocks that hit tech companies particularly hard. All three now sit around a market cap of $800 billion as of this writing.Long-term investors can reasonably expect the three mega-cap stocks to make a run at $1 trillion again, but one sta ...

Core Insights - Tesla's recent earnings call provided insights into the company's financial performance and future outlook [1] Financial Performance - Tesla's stock price was noted at 4.71% on April 22, 2025, indicating a positive market response [1] Future Outlook - The commentary during the earnings call highlighted potential growth opportunities and strategic initiatives for Tesla moving forward [1]

Tesla (TSLA 4.71%) stock has declined 41% year to date, making it one of the 10 worst-performing companies in the S&P 500. Shares initially soared when Donald Trump won the presidential election in November. CEO Elon Musk spent over $250 million to support his campaign, so investors assumed Tesla would benefit under the Trump administration.However, the situation has backfired spectacularly. Musk's ties with Trump, and the time he has dedicated to the Department of Government Efficiency (DOGE), have made hi ...

Group 1 - Tesla's production of the Optimus humanoid robot is impacted by China's new trade restrictions on rare earth magnets, which are essential for the robot's manufacturing [1][2] - Elon Musk stated that Tesla is in discussions with Beijing to secure approval for accessing these critical resources [2][3] - The new export controls from China require licenses for exporters of medium and heavy rare earths, raising concerns about potential global shortages [3][4] Group 2 - China has imposed export controls on seven rare earth elements and magnets, which are crucial for various industries including defense, energy, and automotive technologies [2][4] - The U.S. is currently unprepared to address a potential shortfall in rare earth supplies due to China's dominance in this market [4] - The Trump administration is considering new tariffs on all U.S. imports of critical minerals in response to China's export controls [4]

Core Insights - Tesla reported disappointing first-quarter earnings, missing Wall Street estimates due to declining sales and uncertainty in the auto industry [1] - CEO Elon Musk announced plans to reduce his involvement with the White House DOGE office to focus more on Tesla [2][3] - The company provided updates on its upcoming affordable model and robotaxi rollout, addressing investor concerns [2][8] Group 1: Leadership and Strategic Focus - Musk will significantly reduce his role in the White House DOGE office to allocate more time to Tesla, stating that the major work for the Department of Government Efficiency is complete [2][3] - The CFO acknowledged that vandalism and anti-Tesla sentiment have impacted the brand in certain markets [4] Group 2: Product Development and Rollout - Tesla plans to launch its robotaxi service in Austin in June, starting with 10 to 20 vehicles, with rapid scaling expected thereafter [4][6][7] - The initial robotaxi launch will include remote human operators to assist vehicles in trouble, with plans to expand to other U.S. cities by the end of the year [7] - Production for a more affordable Tesla model is on track to begin in the first half of 2025, which is critical given current economic uncertainties [8][9] Group 3: Supply Chain and Tariff Management - Musk stated that Tesla is positioned to be the least affected car company by tariffs due to localized supply chains in America, Europe, and China [10] - He expressed support for predictable tariff structures and lower tariffs, emphasizing the importance of trade [10][11] Group 4: Market Reaction and Analyst Insights - Following the earnings call, Tesla's stock rose over 5% in after-hours trading, indicating a positive market reaction [12] - Analysts believe that emphasizing production of the affordable model and robotaxis will be crucial for driving stock performance [12] - Some analysts expressed confidence in Tesla's sales recovery, although concerns about potential sales declines and tariffs remain [13]

Financial Data and Key Metrics Changes - In Q1, the company achieved record gross profit for its energy storage business despite a sequential decline in deployments [39] - Auto margins declined sequentially due to a reduction in total deliveries, lower fixed cost absorption from factory updates, and lower regulatory credit revenues [39][40] - Other income saw a significant reduction due to a Bitcoin mark-to-market loss of $472 million compared to a gain in Q4 [43] Business Line Data and Key Metrics Changes - The energy storage business reached a record gross profit, highlighting its importance in the current environment [39][40] - The automotive segment faced challenges with vehicle deliveries due to factory updates and vandalism impacting brand perception [35][36] - The company is experiencing supply constraints with the new Powerwall 3, which has received positive customer feedback [41] Market Data and Key Metrics Changes - The company has localized supply chains in North America, Europe, and China, positioning itself better than competitors regarding tariffs [17][45] - The Model Y has been rated as the most American-made car, with approximately 85% USMCA compliance [45] Company Strategy and Development Direction - The company is focused on large-scale autonomous vehicles and humanoid robots, predicting significant value creation from these innovations [11][12] - The strategy includes regionalizing supply chains to mitigate risks from tariffs and political biases, with over 85% North American content in high-volume vehicle programs [141] - The company aims to launch affordable models and enhance the flexibility of its production lines to adapt to market demands [52][94] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the company's future despite near-term challenges, emphasizing the importance of executing well to achieve long-term goals [11][12] - The company expects to see the financial impact of autonomy materialize in the second half of next year, with a significant ramp-up in autonomous vehicle deployment [14][59] - Management acknowledges the challenges posed by tariffs and brand image but believes that providing the best product at a competitive price will be a winning strategy [52] Other Important Information - The company is making progress with its Optimus robot initiative, expecting to scale production to millions of units per year by 2030 [24] - The energy business is projected to scale to terawatts per year, indicating strong demand for energy storage solutions [27] Q&A Session All Questions and Answers Question: What are the highest risk items on the critical path to robotaxi launch and scaling - The company is focused on ensuring the Model Y can perform paid rides fully autonomously in Austin by June, with rapid scaling expected thereafter [58][59] Question: When will FSD Unsupervised be available for personal use on personally-owned cars - The company aims to have FSD Unsupervised available in several cities in the US by the end of this year, emphasizing safety as a priority [88][90] Question: Is Tesla still on track for releasing more affordable models this year - The company is still planning to release new models this year, although the ramp-up may be slower than initially hoped due to industry turmoil [92][94] Question: Does Tesla see robotaxi as a winner-take-most market - The company believes it will dominate the robotaxi market due to lower costs and high volume production compared to competitors like Waymo [96][99]