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- cross-posted to:
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Their net income is down 9%. Not exactly the end of the world.
They had trouble supllying for the demand and a few months later they are struggling because there is not enough demand.
Looks like an impressive downhill slope for the cybertruck!
The cybertruck looks like something a 5 yo mocked up with crayons.
It has (heavy) stainless exterior panels without a clear coat causing it to need frequent washing or risk rapid deterioration.
The entire Tesla production chain has issues with quality control. Full self driving is just a euphemism for lane assist, adaptive cruise control and a handful of other features and is illegal to operate in most states, (AFIK very few states have allowed it,)
Oh and their CEO is a rich frat boy and also probably the one with the crayons.
The cybertruck looks like something a 5 yo mocked up with crayons.
I need to dig up my first grade notebooks… I’m pretty sure I can claim to have designed the Cybertruck in 1983.
Oh and their CEO is a rich frat boy and also probably the one with the crayons.
I’m not so sure, I’m pretty sure that guy ate all his crayons before he could do any kind of drawing.
He might have had to wait to pass them first, but it should be workable…
Guess it’s a good thing that multi billion dollar payout to Musk got cancelled
He’s trying again.
No surprise. A fascist leader, and a product line that started looking dated years ago. All while established car companies have caught up. I can’t imagine a future for Tesla that’s not just pain.
The company’s profits, once the envy of the auto industry, are at their lowest in six years thanks to rampant price cutting and slowing demand.
Hm. That’s all you could think of, TheVerge? Nothing . . . nothing else that might torpedo the ol’ sales numbers there? No? Hm.
I wonder if Bill Gates still has more Tesla shorts.
Can’t make Elmo mad. He might buy it and fire everyone.
Nah, he’ll just start only printing right wing nut job rhetoric.
What a ridiculous title! No one buys cooling from Tesla ever since the sugar got stuck in my teeth so I had to brush the heck out of thems that can’t do, teach.
I just sold my 2021 Tesla Model Y and picked up a new Rivian R1T. I had already put my money down on the Model Y when Elon started becoming political and promoting hate. He is the only reason I sold my Tesla. I actually enjoyed driving it.
Competition was always going to happen it was just a question of when and to what degree. The established car makers weren’t going to sit around and watch Tesla take their market share. But the rise of Chinese car manufacturers hitting the EV market has been swift and brutal. These are huge companies that are generally unheard of in the West such as BYD.
Edit, the link is almost a year old so I suspect figures have changed a fair bit since.
Yeah, I don’t think most legacy manufacturers can really compete yet and the US ones are backtracking themselves out of the market segment. Chinese manufacturers are a much bigger threat - who would have expected BYD to out-Tesla Tesla and come on stage so big so fast. Here in the US , politicians are trying to set up protectionist barriers but I’m not confident they’ll succeed
Elonmobile
Yeah Tesla is definitely struggling. Hard times for Tesla Motors.
No Tesla for meeeeeeee!
The electric car company thats pissing off left wing people on a daily basis is failing? But…the right LOVES renewable energy…how can this be?!
Put gas tanks on Teslas so they can hold gasoline, and the driver can buy gasoline, but it’s not actually burned in the operation of the car. Only if the battery catches fire and the whole thing explodes.
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Is that a gun that is also a penis? Or is it a gun that shoots penises as ammo?
I’m so morally conflicted about both, since the gun is good, and the penis is evil.
Wow a Zardoz reference. Well met, Friend.
yes.
Depends on what trim level you’re willing to pay for.
The gas tank need sto have a hole so it can pour straight to the floor, or maybe they could have a feature where every mile they drive their bank automatically donates some money to chevron or someone somewhere gets stabbed
Not sure saying the company is failing is accurate. Their stock is up 10% today on their news. That’s a bonkers one say jump for a company this big.
Would you have called GameStop a thriving company before GME? Stock market and reality do not always align.
Would I call GME a thriving stock before the hype? I do think their stock price was a little undervalued before the hype, and I think it’s a little over valued now. I certainly agree stock price is not always 1:1 of a company’s health, but it is a fantastic indication for outsiders. But to say telsa is failing because of this news I think is incorrect. Also, to say their stock is doing poorly by any metric I would also say is incorrect. I’m no Wallstreet broker though.
GameStop is a dying company. All I’ve seen in my life are more and more GameStop shops closing down around me.
Fair enough. If you really are that confident then buy some short positions and rake in the cash! I’m done playing those games as it’s too volitile and I’m too bad lol mutual funds for me because I can admit I can’t see the future of companies
The whole point is that the market’s irrational, why would I buy shorts and basically gamble away my money? The literal point of this thread chain is that the stock value is disconnected from real-world practicality.
That’s my point with my last comment. It would be gambling because no one can really tell where the company is going. People say they know company X will go up or down but never put their money where their mouth is. If a company fails, the stock will go down. If the company does well, the stock will go up. Absolutely the relationship between company health and stock valuation is a bit blurred, but they are clearly closely related.
I agree they aren’t “failing” yet. But let’s put their price in proper context …
That is a 10%-12% after hours pump. All institutional sellers needed to do was lift any orders they had pinning the price down. While the price could skyrocket tomorrow morning, I think it’s more likely to get more attraction from people wanting to cut their losses. If I had millions in stock, I would want to buffer that price range with orders from people who think after hours prices mean something.
Also, it’ll take more than that little bump to improve it’s overall price:
Oh I totally agree and I’m not saying this single day is the biggest day of tesla. Just that this news isn’t singling the end either. But over all, the stock price has done stupidly well. 800% increase in 5 years for a company this size. Absolutely wild, in any context. I have no money in it and don’t plan to, nor will I buy a car from them just to make it clear I’m not a fan boy.
Having a complete fecking tosspiece at the helm might also have something to do with it…
Once again, the Simpsons predicted it.
The only difference is, Homer’s brother was super likable and I felt bad about Homer fucking his car company 🙁
Muskrat on the other hand is a piece of shit.
Wasn’t that episode based on a real story from some company?
Why would they want to cool demand? Anyways, they are doing a pretty good job at it, even if it’s a struggle. /s
