$TSLA earnings out. Brutal losses across the board. Can't see how Elon sticks with DOGE while Tesla is burning like this.

Next earnings will likely be even worse..

Elon is out at DOGE. Tomorrow's headline is $399 million in income from operations, which is only positive because of expiring $595 million credits from governments.

I would bet those credits won't ever renew (e.g. Canada clawing back $30.11 million), and then we'll see FCF fall by a few hundo million Q1 2026.

Oof.

Also related. Wall Street voted "no" to shaking the snow globe.

Also related. Wall Street voted "no" to shaking the snow globe.

https://www.ft.com/content/98174536-161e-48ef-ae4a-8c1025878523