4/23/25: Tesla collapsing, Trump terrified of Epstein files
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 23 April 2025
⏱️ 64 minutes
🧾️ Download transcript
Summary
-- On the Show:
-- Ned Lamont, Connecticut Governor, joins David to discuss the disastrous Trump tariffs, the trade war, and what states can do to fight back against the economic policy of the Trump administration
-- Tesla records a 71% decline in net income as Elon Musk's political alliance with Donald Trump is destroying the company
-- New concerns about Pete Hegseth's drinking surface after his recent manic, disheveled appearances
-- Donald Trump does not like being asked about the potential release of the Jeffrey Epstein files
-- Karoline Leavitt, Donald Trump's White House Press Secretary, hilariously says that Trump supporter Tim Pool is "unbiased"
-- Karoline Leavitt, Donald Trump's White House Press Secretary, tells numerous obvious lies once again on live television
-- Robert F. Kennedy Jr, Secretary of Health and Human Services, is planning a registry of autistic people
-- Robert F. Kennedy Jr, Secretary of Health and Human Services, says he has never seen an adult with "full blown autism" in a bizarre public event
-- On the Bonus Show: 60 Minutes Executive Producer resigns over loss of independence, jury finds New York Times did not libel former Alaska Governor Sarah Palin, Supreme Court seems likely to allow religious families to opt out of LGBT storybooks, much more...
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Transcript
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| 0:00.0 | Well, what a way to start the day. |
| 0:10.0 | Tesla is collapsing with net income down 71% in the first quarter of 2025. |
| 0:19.0 | And we now understand why Elon Musk is leaving Doge and going to at least |
| 0:23.6 | attempt to get back to work. Tesla posted its first quarter 2025 earnings, and it's an absolute |
| 0:31.4 | bloodbath. Net income down 71 percent. just brutal. |
| 0:38.3 | Elon Musk chose to funnel resources into the cyber truck, which it looks sort of like what a 10-year-old |
| 0:46.6 | would design in Minecraft and it is not going well. Total revenue missed expectations by nearly |
| 0:53.2 | $2 billion. |
| 0:55.5 | And the kicker is that Tesla only technically turned a profit this quarter because it sold |
| 1:02.1 | nearly $600 million of regulatory credit. |
| 1:06.7 | So if you take that away, you realize that Tesla only made any money because it sold government favors. |
| 1:15.8 | Its actual operating income, just $399 million includes the credits. |
| 1:23.4 | And we are to believe that this is a nearly trillion dollar company. |
| 1:28.1 | I am so glad I got out when I did. |
| 1:30.8 | And it gets even worse. |
| 1:33.0 | Vehicle deliveries, which is sort of the primary activity that delivers value, generates value. |
| 1:41.0 | Vehicle deliveries down 13%. The worst quarterly sales report in three years. And there is one thing, one man responsible for this. And that's Elon Musk. The guy spent the first quarter as the company was on the decline, working for Donald Trump's |
| 2:03.1 | ridiculous Department of Government Efficiency, which mostly has targeted humanitarian programs |
| 2:09.1 | and science, posting authoritarian memes, attacking trans people, including his own daughter, flashing an arguably fascist salute at Donald |
| 2:22.7 | Trump's inauguration. |
| 2:24.6 | And who could have guessed that people might not want to buy a car from a guy who's doing |
| 2:31.0 | this stuff? |
... |
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