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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Costco members looking for a break on car prices can tap into a new Volvo deal this fall. Members can tap into limited-time manufacturer incentives through the Costco Auto Program, a year-round auto-buying service that secures prearranged low pricing. The latest: a Certified by Volvo Limited-Time Special launched this week.
Certified by Volvo vehicles are pre-owned Volvos that must pass a rigorous test with 170+ points, have less than 80,000 miles, and receive a detailed CARFAX Vehicle History Report. They come with roadside assistance, and EVs and plug-in hybrids also include an 8-year/100,000-mile battery warranty.
Until October 31, 2025, eligible Costco members can score an exclusive bonus when buying select Certified by Volvo vehicles from model years 2022 through 2025.5. Gold Star and Business Members get $1,000 off, and Executive Members get $1,250 off. The offer applies to hybrids, plug-in hybrids, and BEVs. What makes this deal sweet is that the Costco perk stacks with any other manufacturer incentives you qualify for.
Among the vehicles on the eligible list: The Volvo EX30, the EX90, the XC90*, the most requested premium midsize SUV among Costco members last year, and the Volvo C40 EV, which also topped requests in the premium electric compact SUV category.
To cash in on the offer, Costco members must register online for a certificate, then bring it to a Volvo dealership where they present it at the time of purchase. Full details are on the Certified by Volvo Limited-Time Special page.
*CarsDirect links are trusted affiliate links
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. 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. It has 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 Advisors to help you every step of the way. Get started here.
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The GV90 is set to arrive as the most luxurious Genesis vehicle to date. With its debut approaching, Genesis is showcasing the ultra-luxe SUV at its new flagship brand space.
Genesis opens new brand space based on the GV90
Although it’s not yet in production form, Genesis is still showcasing its stunning new full-size electric SUV. The Neolun concept, unveiled last March at the New York Auto Show, will soon arrive as the brand’s new flagship model.
When Genesis launches the GV90, expected in mid-2026, it will become the brand’s largest and most luxurious electric vehicle yet.
According to Genesis, the GV90 is “an ultra-luxe, state-of-the-art SUV” that will take the luxury brand to the next level. We’ve seen camouflaged prototypes out testing a few times, revealing advanced new features and luxury design elements, such as coach doors, adaptive air suspension, and more.
The GV90, or Neolun concept (for now, at least), is the centerpiece of the company’s new “Night in Motion” space, which Genesis opened on Thursday.
Based on the Neolun concept, the new exhibition is “the starting point of the Genesis brand’s spatial philosophy.” It’s designed to showcase the brand’s latest design and the beauty of Korean aesthetics.
Genesis is expected to launch the GV90 in mid-2026, but we could see an official debut before the end of the year.
We will learn prices, range, and other specs soon, but the GV90 is expected to debut on Hyundai’s new eM platform. Hyundai claimed the new platform will “provide 50% improvement in driving range” compared to current EVs. It will also offer advanced Level 3 autonomous driving features.
One thing is sure: The Genesis GV90 won’t be cheap. As its largest and most luxurious SUV, the GV90 is expected to start at around $100,000. Higher trim levels could reach upwards of $120,000 or more.
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Ampion Renewable Energy has introduced a new way to expand community solar access – one that breaks barriers by crossing state lines.
The company just launched Synthetic Community Solar, a tool that lets developers extend the financial benefits of solar projects to subscribers in other states. That’s a big shift from the usual model, where subscribers need to live in the same utility territory as the solar farm. This new approach also helps low-income households save more on energy bills while giving developers a faster route to federal tax incentives.
Here’s how it works: When a solar farm is built in one state, Ampion works with utilities to transfer the financial benefits through solar credits to income-qualified households in another state. For example, a 2.5 MW project in Maine already provides Illinois subscribers with up to 20% savings on their electricity bills.
For developers, the timing is critical. The Inflation Reduction Act gives bonus tax credits, known as Category 4 Investment Tax Credits (ITCs), to projects that deliver at least half of the financial benefits to low-income households. Synthetic Community Solar makes it easier to meet those requirements, which in turn improves project economics and long-term site viability.
This model is especially useful when a project is in an area where recruiting low-income subscribers is expensive or challenging. Instead of letting credits go unused, developers can cross state lines, making the project more financially sustainable while supporting households that need savings the most.
Ampion’s CEO and founder, Nate Owen, said the goal is to solve a geographic barrier that has historically limited community solar growth. By bridging programs across different states, the initiative supports the company’s aim to make renewable energy accessible “everywhere, for everyone.”
With the IRA’s major incentives set to expire, solutions like Synthetic Community Solar could help keep projects viable while spreading the financial benefits of clean energy further.
Read more: Nexamp found a faster way to build solar – it did the utility’s job, too
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. 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. It has 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 Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links. More.
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