Wall Street doesn’t reflect reality, but reality is killing Tesla.

The electric carmaker posted total revenue of 22.5 billion dollars, down twelve per cent year-on-year and falling short of Wall Street’s 22.7 billion dollar estimate. Operating income plunged by forty-two per cent to 900 million dollars, marking Tesla’s second consecutive quarterly decline.

You would think the stock would be worthless by now, given it’s for a car company with seriously flawed designs flogged by a Nazi that nobody likes.

…Tesla is “a toxic brand that is inseparable from its leader.” Quarterly profits … fell to $1.17 billion, or 33 cents a share, from $1.4 billion, or 40 cents a share. That was the third quarter in a row that profit dropped. […] Tesla shares were little changed in after-hours trading…

Bye bye buy.

In terms of the investor call, the CEO played this game of fraud:

…we’ll have Robotaxi in half the population of the US by the end of the year. […] Investor questions begin with an inquiry about Tesla Robotaxis. Tesla noted that it expects to 10X its current operation in the coming months. The Bay Area is next, and Tesla is looking to expeedite the service’s approval. As for technical and regulatory hurdles for Unsupervised FSD, Elon Musk stated that he believes the feature should be available in a number of cities by the end of the year. Tesla, however, is being extremely paranoid about safety, so Unsupervised FSD’s rollout will be very, very cautious.

What a pile of absolute bullshit.

Promising investors revolutionary scale at revolutionary speed while emphasizing safety is a combination that defies technical and regulatory reality.

It’s amazing that bald face lying is still a thing to prop up stock prices.

Let’s count the problems, starting with a false dichotomy between aggressive expansion and safety (claiming both “extremely paranoid about safety” and serving half the US population by year-end), an appeal to extremes in promising impossible scaling (10X growth in months to reach 165+ million Americans), hasty generalization from limited current operations to nationwide deployment, post hoc reasoning that implies regulatory approval will automatically follow their timeline rather than determining it, equivocation through vague terms like “coming months” and “a number of cities” that obscure the lack of concrete planning, contradiction between needing Bay Area approval while claiming imminent national rollout, survivorship bias in focusing only on potential success while ignoring the massive infrastructure, regulatory, and technical hurdles, and wishful thinking disguised as business projections where desired outcomes are presented as inevitable results despite the fundamental impossibility of achieving such scale in the stated timeframe while maintaining the claimed safety standards.

Eight(yes eight)flaws from the ceo of 88 who’s always late, and full of hate, the Texas fraud of no cattle and all hat.