"Late last month, new "Epstein files" from the Department of Justice revealed that Tesla CEO Elon Musk was in regular correspondence with deceased sex criminal Jeffrey Epstein, going as far as to invite himself to his notorious Caribbean island, asking when the "wildest party" would take place in a 2012 email. It was a damning contradiction of Musk's previous claims that he'd "refused" Epstein's offer, and they seemed to throw the billionaire into a tailspin."
"While Tesla's valuation remains massively inflated - it's still worth well over $1.5 trillion - the company's financials tell an ominous story. Tesla reported its first-ever decline in annual revenue for 2025, with sales slumping across three of the past four quarters. It also saw a whopping 61 percent drop in profits in Q4 of last year, compared to the same period the year before."
"It's the very last thing Tesla needs right now. The company's brand has already suffered greatly under Musk's leadership, with droves of potential buyers being pushed away by his inflammatory rhetoric and embrace of far-right ideals. The company's core business has also been floundering as of late, with Musk announcing that it's ending production of its Model S and X vehicles, while turning the factory that used to make them into a robot assembly line."
DOJ-released emails showed regular correspondence between Elon Musk and Jeffrey Epstein, including an invitation to Epstein's Caribbean island that contradicted Musk's prior denials. Tesla shares fell roughly eight percent in the five days after the release. The company's brand has been damaged by Musk's rhetoric and far-right associations, reducing buyer interest. Tesla ended production of the Model S and X and is converting that factory to a robot assembly line, shifting focus toward humanoid robots and AI. Despite a valuation above $1.5 trillion, Tesla reported its first annual revenue decline in 2025 and a 61 percent profit drop in Q4, while Volkswagen and BYD have overtaken Tesla in key EV markets.
Read at Futurism
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