Elon Musk May Not Be Able to Save Tesla

During a catastrophic earnings call on Tuesday, Tesla revealed that its net income had plummeted by an astonishing 71 percent since the first quarter of last year. To calm the storm, CEO Elon Musk pledged that he'd be pulling back from his side gig of gutting the government to refocus on his EV maker. The carmaker's stock rose after Musk's promise, albeit with some extremely convenient help from Donald Trump. But as Business Insider reports, many investors remain highly concerned that Musk's long-awaited return could be too little, too late. The mercurial CEO's extremist views and highly controversial work with DOGE have greatly tarnished the carmaker's brand, causing sales to drop precipitously worldwide. Already sold vehicles are depreciating at a breakneck pace, indicating bottoming demand. In other words, Musk is leaving permanent scars that could make rescuing it this time around impossible. "Too late dude," one user on Reddit's wallstreetbets community wrote in response to a ... Read full article.