Tesla's 71% year-over-year profit decline in Q1 has rattled investor confidence, with former bull Ross Gerber calling it the worst performance in over a decade. Gerber posted a cryptic tweet on X linking to "Sweet Little Lies," implying skepticism toward Elon Musk’s projections, and criticized the CEO for focusing on futuristic narratives rather than financial realities. Tesla watcher Gary Black noted improved earnings quality due to minimal reliance on ZEV credit sales. Dan Ives of Wedbush urged Musk earlier on Tuesday to resign from his government duties and recommit to Tesla leadership. Musk assured investors during the earnings call that he would reduce his DOGE responsibilities starting in May.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's 71% year-over-year profit decline in Q1 has rattled investor confidence,
00:07with former bull Ross Gerber calling it the worst performance he's seen in over a decade.
00:11Gerber posted a cryptic tweet on X linking new sweet little lies,
00:14applying skepticism toward Elon Musk's projections,
00:17and criticized the CEO for focusing on futuristic narratives rather than financial realities.
00:22Tesla watcher Gary Black noted improved earnings quality
00:25to know minimal reliance on Zeb credit sales.
00:27Dead eyes of Wedbush urged Musk earlier on Tuesday
00:30to step back from his government duties and recommit to Tesla leadership.
00:34Musk assured investors during the earnings call
00:36that he would reduce his Doge responsibilities starting in May.
00:40For all things money, visit Benzinga.com slash GSTV.