Elon Musk materialy lied to Tesla (TSLA) shareholders – transcript and proof
Elon Musk just made public and material lies aimed at Tesla shareholders. Here’s the proof with the relevant transcript.
Now, let’s see if the SEC still has teeth or if the US has fully entered its scam era under the Trump administration.
Today, Musk made false statements aimed at Tesla shareholders and directly addressed the stock price.
Here’s the video, transcript, and relevant information that proves Musk was lying:
Tesla sales are strong everywhere but Europe
The CEO started the segment by claiming this:
Europe is our weakest market. We are strong everywhere else. Our sales are doing very well at this point. We don’t expect any meaningful sales shortfall.
Tesla’s weakest market is Europe, but sales are not “strong everywhere else.”
We have up-to-date data from China up to last week, and Tesla is having its worst performance in years in the critical EV market:
This is Tesla’s worst quarter start in the last two years based on the insurance registration data. It’s already confirmed that Q1 2025 sales were terrible everywhere, but up-to-date data in Europe and China confirm that Tesla is still struggling in China and Europe.
That’s also despite Tesla offering more incentives and discounts in China than ever. Model 3 and Model Y, representing over 95% of Tesla’s sales in China, are currently offered with 0% financing at Tesla’s cost.
When pressed about Tesla’s sales still being down in Europe, Musk answered:
Yes, that’s true of all manufacturers. There’s no exception. The European market is quite weak.
It’s a bummer that the host didn’t push back on this because it’s a blatant lie.
The European Automobile Manufacturers’ Association (ACEA) released the data a few weeks ago.
In the EU, EFTA, and the UK, Tesla’s sales were down 37% in Q1 2025. It’s true that other automakers were also down, but not “all manufacturers” and certainly plenty of “exceptions”:
As you can see, the Volkswagen Group was up 5% as a whole and the VW brand itself was more than 12% in the first quarter.
Renault and BMW were also up, as was SAIC.
The lie is even more blatant when you only look at the EV market, where Tesla operates. Battery electric car sales surged almost 24% in Europe in the first quarter, while Tesla’s sales dropped 37%.
Now, this was the last quarter. Maybe Musk could get away by claiming the turnaround is happening now or other automakers are now struggling in Q2.
However, this is also not true based on the latest up-to-date data.
Several European markets report daily vehicle registrations and based on this data, Tesla (left) is tracking way behind the same period last year and about the same as its terrible Q1 2025, while VW (right) is currently significantly outperforming right now compared to the last quarter or the same period in 2024:
This is also true of BMW, Ford, Hyundai-Kia, and several other automakers. So Musk’s claim of no exception is not even remotely true.
The stock market confirms Tesla is doing great
Musk used Tesla’s stock price as some sort of proof of what he is claiming:
Obviously, the stock market recognizes that since we are back now at over $1 trillion market cap. Clearly the market is aware of the situation. It’s already turned around.
This is a misleading statement. The stock price is in no way representative of Tesla’s sales. Musk has admitted that in the past. He said that “Tesla was worth nothing” if it didn’t solve self-driving.
The stock is completely disconnected from Tesla’s vehicle business.
More specifically, Musk is also wrong to claim that the market is “aware of the situation.”
Last quarter, Wall Street analysts were trying to track Tesla’s sales, but they missed badly.
For most of the quarter, Wall Street believed Tesla would deliver more than 400,000 vehicles and only started to update their estimates way down toward the second half of the quarter.
Even then, they still ended up overestimating Tesla’s deliveries by 40,000 units.
Therefore, it’s clear that the market is not well “aware” of Tesla’s current sales levels. The same thing is happening in Q2 2025. The current Wall Street consensus is that Tesla will deliver about 420,000 vehicles in Q2 2025 when the best data available show that Tesla is tracking below Q1 2025, when the automaker delivered 336,000 vehicles.
There’s still a month to go in the quarter, but it’s unlikely that Tesla will be able to accelerate deliveries enough to reach over 400,000 units.
Later on in the segment of the interview embedded above, Musk again referenced the stock price:
Again, you can just look at the stock price. If you want the best inside information, the stock market analysts have that and our stock wouldn’t be trading near all-time highs if things weren’t in good shape. They are fine. Don’t worry about it.
Again, we have clear data that show that “stock market analysts” are terrible at tracking Tesla’s sales, and the stock price is in no way representative of a company’s current performance.
It is simply representative of the demand for Tesla’s stock, which Musk himself admits is linked to Tesla’s autonomous driving effort.
Sales numbers are strong, no problem with demand
When pushed back on the demand front, Musk added:
The sales numbers are strong. And we see no problem with demand.
This is another lie. On top of the previously discussed declining sales, it’s worth mentioning that those declines are compared to 2024, a year when Tesla saw its first full-year decline in sales since starting volume vehicle production a decade ago.
In 2024 and now into 2025, Tesla has throttled down its production capacity to about 60% of its overall capacity due to low demand.
Even with fewer vehicles available, Tesla is now offering record discounts and subsidized financing rates at a great cost to the company – clear indicators of demand problems.
Where is the SEC?
These are clear, verifiable, and material lies aimed at Tesla shareholders. It’s a security violation that the SEC should be going after.
This will be a great test of how corrupt federal agencies are under the Trump administration.
The lies are verifiable right now, but I wouldn’t be surprised if they wait until Tesla reports its official deliveries for Q2 2025.
If they are significantly down versus Q2 2024, as expected, it would be easy to prove that Musk was misleading shareholders with these claims today.
What are the odds on the SEC actually going after this or letting it slide?
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The US solar industry just raised the alarm over the GOP’s “One, Big, Beautiful Bill,” warning it could kneecap America’s energy future and trigger a massive power shortage in its current form.
The Solar Energy Industries Association (SEIA) is warning that legislation recently passed by the House Ways and Means Committee could shut down or prevent nearly 300 solar and battery storage factories from opening. If this bill becomes law without changes, the US could lose enough solar generation by 2030 to power the state of Pennsylvania for a year. That’s 145,000 gigawatt-hours of clean electricity that could vanish.
The SEIA analysis paints a grim picture: Nearly 300,000 US jobs are at risk, including 86,000 in solar manufacturing alone. And here’s the twist, as I’ve pointed out before – about 80% of the jobs and factories at risk are in red states that voted for Trump.
“There is still time to improve this bill, which, as written, represents a crisis for America’s ability to build the energy infrastructure we need to meet surging demand,” said SEIA president and CEO Abigail Ross Hopper.
The SEIA says the legislation would slam the brakes on solar and storage investments just as energy demand is soaring, thanks partly to the explosion in AI and data centers. SEIA estimates the bill could wipe out $220 billion in potential investments by 2030.
The House bill also repeals the Section 25D residential solar tax credit, which has been a critical driver of solar adoption for middle-class families. Without it, installing solar gets way more expensive – and out of reach for many households.
As Electrek reported last week, solar and wind accounted for almost 98% of new US electrical generating capacity added in Q1 2025, according to new Federal Energy Regulatory Commission (FERC) data.
Solar and wind also made up an impressive 100% of new capacity in March, and March was the 19th consecutive month in which solar was the largest source of new capacity.
The US needs to add 206.5 gigawatts of new energy capacity by 2030. Solar is expected to deliver nearly three-quarters of that. If the bill guts solar incentives, we’re looking at higher electricity bills and slower economic growth. SEIA says the rollback could drive up consumer energy costs by $51 billion.
Hopper didn’t mince words: “Passing this bill would create a catastrophic energy shortfall, cede AI and tech leadership to China, and damage some of the most vital sectors of the US economy.”
She added that the Senate can still step in with a smarter proposal that aligns with Trump’s push for US energy dominance.
SEIA’s message to lawmakers? Fix the bill or energy production will plummet, blackouts will become more frequent, and the US will face a devastating – and completely avoidable – energy shortage.
Read more: The House draft budget kills the 30% residential solar tax credit
To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and you share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
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![Lucid Gravity flexes its power at the Nürburgring alongside other upcoming EVs [Video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/05/Lucid-Gravity-Nurburgring.jpeg?resize=1200,628&quality=82&strip=all&ssl=1)
Lucid’s Gravity is a three-row electric SUV, but it’s faster than most sports cars. Boasting up to 828 hp, the luxury SUV can accelerate from 0 to 60 mph in less than 3.5 seconds. The Lucid Gravity was spotted ripping around the Nürburgring track in Germany, showing off its power and agility. Check it out in the videos below.
Lucid Gravity hits the Nürburgring for testing
As it ramps up production of its first electric SUV, Lucid is preparing for another big year of growth. Last week, Lucid’s interim CEO, Marc Winterhoff, told Bloomberg that the company would enter new parts of Europe and the Middle East this year.
Two Lucid Gravity test vehicles with European test plates were recently spotted testing at the Nürburgring, hinting that an official launch could be coming soon.
In a video from StateSideSuperCars posted last week, you can catch a glimpse of the Gravity (skip to 9:45) showing off its agility, handling, and control as it rips around the race track.
Another video, courtesy of EMS Sport TV, shows the Gravity test vehicle alongside several other current and upcoming EV models, including BMW’s Neue Klasse SUV, Mercedes CLA EV, and what appears to be the Kia EV4 sedan.
During the Gravity’s “Celestial Arrival” in March, Winterhoff said Gravity deliveries would resume by the end of April. Lucid delivered the first models in December 2024, but those were for family, friends, and employees.
The Lucid Gravity Grand Touring is available to order in the US. Prices start at $94,900 with up to 450 miles of range. Later this year, Lucid will launch the Gravity Touring model, starting at $79,900.
On Lucid’s website, the Gravity SUV is still unavailable to order in Germany, Switzerland, the Netherlands, or Norway.
The Lucid Gravity Grand Touring and Touring models are available in Saudi Arabia, starting at SAR 487,715 ($130,000) and SAR 416,645 ($111,000), respectively.
Another luxury electric SUV was recently spotted at the Nürburgring. The “ultra-luxe” Genesis GV90 was caught with less camo, giving us our best look at the upcoming flagship SUV.
Source: Lucidowners.com
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Waffle House is about to become a go-to DC fast charging spot for EV drivers, thanks to a new partnership with bp pulse.
The EV charging arm of British oil giant bp just announced a “strategic relationship” with the American diner chain to bring DC fast charging to a network of Waffle House locations across the South and Southeast, including Texas, Georgia, and Florida.
Each site will get six DC fast charging bays with 400kW chargers featuring both CCS and NACS connectors. The first stations are expected to go live in 2026.
Now, if you’ve ever been on a road trip through the South, you already know Waffle House is always open. Like, always. The lights are on 24/7, even during hurricanes and major storms. There’s actually something called the “Waffle House Index” used by FEMA and emergency responders to gauge how bad a storm is. If the Waffle House is closed? It’s serious.
That makes these locations a pretty smart choice for DC fast chargers. In an evacuation scenario or on a road trip, it’s a reliable place to stop, fast charge your car, and grab a plate of smothered and covered hash browns.
“Adding an iconic landmark like Waffle House to our growing portfolio of EV charging sites is such an exciting opportunity,” said Sujay Sharma, CEO of bp pulse Americas. “We’re building a robust network of ultrafast chargers across the country.”
A bp pulse spokesperson told Electrek that the “first batch of 50 sites is already in the works.” And with Waffle House locations situated along major highways and well-traveled routes, this move could make a big difference in EV charging accessibility, especially in areas that need an EV infrastructure boost.
Read more: Rivian R1T gets dragged 100 feet after Hurricane Helene and still runs [Video]
If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*
FTC: We use income earning auto affiliate links. More.
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