Elon Musk’s bad day: bad loss and horrible tesla figures

Each Doge has their day. It is not that of Elon Musk.

Musk’s favorite conservative candidate has not won an election of the Supreme Wisconsin Court despite the billionaire and his Super Pac drop at least $ 15.5 million in the race.

Musk received more bad news on Wednesday morning. Tesla reported that deliveries in the first quarter were much lower than analysts’ estimates. The shares of the Musk signature company have dropped by around 30% so far this year. Forbes estimates that the richest man in the world lost an additional $ 3 billion on Tuesday.

The most remarkable part is that Musk chose this path itself. He enthusiastically praised the Doge’s office of the White House, even if the polls show that his popularity has dropped. In Wisconsin, the survey has shown that Musk was more unpopular among the Republicans than President Donald Trump.

Later Wednesday, Politico reported that Trump’s inner circle was preparing for Musk to retreat from his current role in the White House.

The Democrats hammered musk throughout the Wisconsin race. He decided to come directly to the state, wearing a cheesehead hat in Green Bay and attacating for the cameras while distributing millions of gifts to supporters. (Musk initially said that $ 1 million checks were for voters, but said it was for some Wisconsinites that his political organization wanted as a spokesperson.)

Tesla CEO also chose to join Trump’s administration, juggling the responsibilities of directing the automaker, SpaceX and Xai. Initially, it was thought that Musk would co-direct the “Ministry of Effectiveness of the Government” of Trump outside the government.

Trump was not long in his close to resorting to his businesses, Tesla. There have been demonstrations among Tesla dealerships around the world. Some demonstrators have used violence by bombing Tesla vehicles.

Wednesday deliveries figures seem to confirm the fears that the unpopularity of Musk actively harmful to his flagship company. Tesla declared a 13% drop in deliveries in the first quarter compared to last year.

“The street and the United States knew that a bad 1q was coming, but it was even worse than expected,” wrote Wedbush analyst Dan Ives, a major cheerleader, wrote on X on Wednesday morning. “The time has come for Musk … It’s a fork at the time of the road.”

Musk has already seen worse.

Musk said Tesla was about to go bankrupt several times, including during the rise of model 3. He also briefly abandoned his most rich man in the world at the beginning of 2024. Musk then recovered the title and saw her wealth arrows after the presidential election.

So far, Musk has not shown the desire to change course. He urged the authorities to take care of the domestic terrorists attacking the dealers of Tesla. Musk also continued to speak in grandiose terms of his political positions – not exactly someone’s words about to cut their sails.

Before the closing of polls in Wisconsin on Tuesday, Musk declared in a space X that the elections of the Supreme Court of the State concerned “the future of the world” and perhaps even “Western civilization”.

Musk told Fox News that the race was so close “it can be decided to half a hundred or percent” maybe even one person.

Judge Brad Schimel, the candidate related to musk, is on the right track to lose 10 percentage points.