The first thing I do when I have someone in the studio is ask them to tell me who they are and what they do.

Can you identify yourself, sir?

I am the one and only Felix Salmon.

I host the Slate Money podcast.

I have done for over a decade.

Oh yeah. Today, we have a bit of a

collab for you. I feel like I'm an old timer here, and I also glory in the title of

Chief Financial Correspondent at Axios. I brought Felix in because I wanted to talk to him

about a little electric car company that had a bad week.

Tesla's vehicle deliveries were down 13% compared to the same quarter last year.

That news came just after the stock had its worst quarter in three years.

I asked Felix what to make of these numbers.

They were terrible.

Tesla just didn't deliver very many cars. We knew that their numbers in Europe were going to be bad because when you are Elon Musk and you go out supporting neo-Nazis in Germany, the Germans get upset about that and

stop buying your cars. It turns out that even the Americans have basically really aggressively

stopped buying Tesla's more than people expected.

And sure, you got to imagine some people bought cars or cyber trucks because of the Trump administration's Tesla sales campaign.

But if they did, it wasn't enough.

In a normal world, in normal times, Wall Street would not be happy with a company performing this way.

But...

The first thing we have to say is there is no such thing as normal times for Tesla.

It's worth more than the biggest car company in the world, which is Toyota, while selling

...