Tesla (TSLA) stock surges on Elon’s lies despite disastrous earnings
Tesla’s stock (TSLA) surged by as much as 8% today following the company reporting disastrous earnings results – its worst in years and way below expectations.
The stock seems to surge based on people believing Elon Musk’s lies.
Yesterday, Tesla released its Q1 2025 financial results, confirming its worst performance in years.
The automaker is now operating at just 2% margins and would have lost money last quarter if it weren’t for the sales of regulatory credits.
The financial performance was worse than most analysts predicted, and yet, Tesla’s stock surged by as much as 8% today.
The reason for the surge appears to be shareholders overlooking Tesla’s degrading auto business in favor of Musk’s vision for the future of Tesla.
However, the problem is that Musk has been misleading people about his vision of Tesla’s future and lied several times on the earnings call that followed the release of its financial results.
I did a whole live stream to break down and fact-check Tesla’s earnings call:
Musk literally started out his comments on the Tesla call with a lie. He claimed that people protesting Tesla right now are “paid-for” and/or simply upset because they were receiving money that his DOGE team cut:
Now, the protests that you’ll see out there, they’re very organized, they’re paid for. They’re obviously not going to say, admit that the reason that they’re protesting is because they’re receiving fraudulent money or that they are the recipients of wasteful largesse, but they’re going to come up with some other reason. But that is – the real reason for the protests, the actual reason is that those receiving the waste and fraud wish to continue receiving it.
It’s not the first time Musk has claimed that despite having zero evidence. He uses the claims to distance himself from any responsibility for Tesla’s current brand damage.
Musk and the rest of Tesla’s management have tried their best during the call to attribute the 50,000 fewer deliveries last quarter to the Model Y changevoer, but they never explained the massive increase in inventory vehicles that also happened during the quarter and would point to a broader demand issue.
Instead, Musk focused on Tesla’s self-driving and humanoid robot efforts.
With the humanoid robots, Musk again claimed that he believes Tesla will make millions of robots by the end of the decade and become the world’s most valuable company because of it. The CEO said that he doesn’t see any competitor getting close to Tesla.
The problem is that it’s not clear why Tesla would dominate this market. On the robotics front, it looks like Tesla is already behind competitors like Unitree:
As for the AI that goes into humanoid robots, Tesla has also not shown any competitive advantage as all its demonstrations involved human teleoperations.
Tesla’s own AI effort has primarily focused on solving the self-driving problem, and that has also not yet been achieved. Musk has claimed that Tesla was on the verge of solving self-driving “next year” for every one of the past 6 years.
During Tesla’s earnings call, Musk again updated several self-driving timelines for Tesla, including “millions of robotaxis on the road in the second half of 2026” and “unsupervised self-driving in consumer vehicles by the end of the year.”
Again, Musk has been making similar claims for the last six years, and they have never come true. However, people are starting to give more credibility to his self-driving timeline because he reiterated that Tesla plans to launch its unsupervised self-driving pilot program in Austin as soon as June.
However, we noted that this represents a significant shift in Tesla’s self-driving efforts, as it will rely on an internal, geo-fenced fleet with human teleoperation assistance. It’s basically the same service that Waymo has been offering for years and Musk claimed isn’t scalable.
During the earnings call, Musk claimed that the fleet will initially consist of just 10-20 Model Y vehicles. Tesla’s head of self-driving admitted that Tesla is currently focused on optimizing FSD for driving in Austin to support the service. This explains why Tesla’s FSD in consumer vehicles, which buyers paid for with the promise that it will eventually become unsupervised, hasn’t been significantly updated in months.
Now, Musk will claim a win in self-driving with Tesla’s launch of its limited pilot program in Austin in June, but in fact, it is only delaying the delivery of what he promised for years: unsupervised self-driving in every consumer vehicle built by Tesla since 2016.
Electrek’s Take
Musk now claims this is going to happen by the ned of the year, but let’s see if he still says that in a few months. Virtually every year for the last 6 years, he said early in the year that it would happen by the end of the year, and when the end of the year gets closer, he pushes the timeline to next year and repeats the cycle.
I would like to give more credibility to his prediction now, but it’s hard to do when the best data available still only points to FSD in consumer vehicles achieving about 500 miles between critical disengagement when it needs to be in the tens of thousands of miles for a geo-fenced ride-hailing service in in the hundreds of thousands of miles for generalized unsupervised driving solution in consumer vehicles, which is what Tesla has been promising for years.
It’s hard for me to believe that some people still take his claims seriously, but there’s a fool born every minute and most of them become Tesla shareholders, evidently.
It’s starting to sound like Tesla earnings calls are run by a Musk AI trained on Musk’s comments made over the last 10 years – with the addition of humanoid robots over the last few years.
As for the stock price, forget about earnings, forget about fundamentals, it’s simply an index to gauge the shareholders’ confidence in Musk’s claims. Right now, they seem pretty confident. They are still drinking the Kool-Aid.
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Royal Enfield’s eagerly anticipated electric motorcycles, unveiled late last year under the Flying Flea brand, are now confirmed to hit the market early next year. Eicher Motors Managing Director B. Govindarajan narrowed down the release window, confirming that the two models currently in testing, the FF-C6 and S6, will debut in the fourth quarter of the fiscal year 2026, corresponding to January through March 2026.
The announcement provides a clear timeline for eager e-motorcycling enthusiasts who have closely followed Royal Enfield’s pivot to electric mobility. Previously, the company had remained relatively tight-lipped about exact launch dates and even many of the upcoming bikes’ key specs, only hinting that the electric motorcycle project was progressing steadily.
The Flying Flea name is a historical nod, reviving memories of Royal Enfield’s lightweight motorcycle originally used during World War II for airborne operations. Just like its iconic namesake, the new Flying Flea electric motorcycles are expected to be compact, accessible, and user-friendly, aiming at urban commuters and younger riders seeking a blend of heritage styling with modern electric propulsion.
The FF-C6 and S6 represent two distinct offerings within Royal Enfield’s electric lineup, signaling an ambitious start for the company’s electrification strategy. While specific technical details remain scarce, previous hints suggest that the models will prioritize practicality, affordability, and moderate performance suited to daily commuting rather than high-end, performance-oriented segments.
However, with a dearth of solid specs regarding power, range, or pricing, it’s too soon to tell how warmly the bikes may be received during their upcoming launch.
This cautious yet clear step into electric mobility aligns with Royal Enfield’s traditional ethos of delivering approachable motorcycles that combine classic design with dependable performance.
The company, owned by Eicher Motors, has enjoyed success internationally over the last decade, particularly with models like the Classic 350, Meteor 350, and Himalayan, which have resonated strongly with both new and experienced riders. The Flying Flea line is likely destined for international markets as well, though may launch solely in India first as Royal Enfield works to ramp up production.
Royal Enfield’s venture into electric motorcycles also follows a strategic €50 million investment by Eicher Motors into Stark Future, a cutting-edge electric motorcycle startup based near Barcelona, which likely helped Royal Enfield’s technical team.
For example, at the Flying Flea brand’s worldwide unveiling at the Milan Motorcycle Show last year, one of the company’s driving prototypes was spotted using several Stark VARG powertrain components to complete a working model for demonstration.
With electric motorcycles rapidly gaining popularity worldwide due to their efficiency, lower maintenance costs, and environmental advantages, Royal Enfield’s entry into this market comes at an opportune time. The company’s robust global presence and dedicated fan base provide a solid foundation for launching these models successfully.
With the success of relatively smaller electric motorcycles compared to the struggles of larger sport bike e-motorcycle companies, the Flying Flea appears positioned for a more welcoming market.
Given Royal Enfield’s knack for delivering motorcycles with a blend of nostalgic aesthetics and modern functionality, expectations are high for the FF-C6 and S6 to carve out their own distinct niche in the electric two-wheeler market. For now though, fans are still eagerly awaiting more information and details regarding the performance and price of the upcoming electric two-wheelers.
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![XPeng just teased its next-generation P7 sedan and it is SLEEK [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/05/XPeng-P7-Gen-2-top.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
It’s been less than a month since XPeng Motors began teasing a new camouflage sedan codenamed the E29. This morning (or this evening if you’re in China), XPeng unveiled the mystery sedan as its next-generation P7. This vast redesign of the Chinese automaker’s flagship BEV sedan is a bona fide stunner, and makes me wish I could drive one of my own in the US.
The P7 debuted at the Shanghai Auto Show in 2019 as XPeng’s first sedan and its second production model behind the now-discontinued G3 SUV. It was also the first XPeng model I ever drove during a trip to the Netherlands in 2022.
In its first two years of production, which began in 2020, XPeng built over 100,000 units of its flagship sedan, and the sport vehicle has remained a pillar in its global sales. Since its launch in China, we’ve seen XPeng deliver a 2023 refresh called the P7i and the P7+, complete with pure camera vision ADAS, which launched last fall as “the world’s first AI car.”
According to an internal letter sent out by XPeng founder, chairman, and CEO He Xiaopeng last December, the Chinese automaker has big plans for 2025 and beyond. It aims to become a globally recognized brand with a presence in over 60 countries by the end of the year.
The internal letter also stated XPeng’s plans to launch a new or facelifted model nearly every quarter in 2025. In Q1, we saw the debut of the G7 SUV, starting at an ultra-competitive price of around $34,000 in China. Since then, XPeng has been teasing another new model, codenamed “E29,” spotted driving around Guangzhou, where XPeng is headquartered, in camouflage last month.
Today, XPeng confirmed the E29 is not a bespoke model, but instead a completely new generation of the P7, dreamt up by Chief Designer Rafik Ferrag, who led the creation of the original 2020 model. Have a look:
XPeng shares first images of its stunning new P7 design
XPeng shared the initial images seen above alongside a brief press release outlining its exciting new design language as explained by its designer, Rafik Ferrag, who began teasing the new model on his own social media accounts earlier this week:
I’m very excited that the first official pictures and video are now visible to everyone. The original P7 was a milestone for XPENG and a turning point in China’s EV landscape. With this new generation, we set out to design a pure electric sports sedan that could amaze at every angle. This car is our dream—refined through countless iterations. In my eyes, the all-new XPENG P7 is a work of art, shaped with emotion and purpose.
The Chinese automaker explained that the new 5-seat P7 coupe reflects Ferrag’s “evolving design philosophy” and has been in development for the past five years. XPeng founder He Xiaopeng called it a “major upgrade” for the brand’s next leap in BEV technology, blending AI with luxury and the company’s new Turing Smart Driving system.
What specific technology the next-generation P7 holds remains unknown to the public at this time, but we were told more details will be revealed later. For now, we have our first official peek at this new futuristic model and a teaser video, which you can view below.
If the new P7 represents XPeng’s design language going forward, there should be many more exciting reveals in 2025 and beyond as the brand continues to expand into a globally recognized name.
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