Tesla's Earning Report

Today’s headlines in the EV world centered on Tesla’s disappointing earnings call. And for good reason. The company that sells the plurality of EVs in the US saw automotive revenues drop 20% from last year. Net income went down 71%, and that’s not where the bad news stopped.

Tesla told investors that they would revise their 2025 estimates instead of promising growth. An ominous sign.

This might be a good time to revisit our data and analysis of Elon and Tesla from a couple of months ago. We certainly didn’t predict this, but we called out that of the 20% of the car buying market that states “they’ll buy an EV in the next year or two”, Tesla was their least favorite brand..