The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.

Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.

  • scarabic@lemmy.worldEnglish
    3·
    2 days ago

    Another way of saying it is that shares had already gone down because this was expected. When it wasn’t quite as bad as expected, they got a little bump back.

    • midas22@lemmy.wtfEnglish
      1·
      2 days ago

      P/E ratio is still 280 for Tesla, while it’s like 7 for Toyota. Tesla was valued at like $250 in April and after this report it was almost $450 and not far from all time high. It clearly had not gone down enough.