Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.
maybe they should focus on making a decent product instead of manufacturing bs
Well Musk is spending most of his time breaking Xitter lately so maybe the Tesla guys can get some good stuff done while he’s distracted.
he’s been at it for a while, and Tesla hasn’t improved any, so don’t know…
It takes a long time for changes to trickle through the system.
But yeah, it’s probably not going to happen.
The products are decent. Just that there are a lot more competitions that make much better cars.
Teslas are the most recalled vehicles on the market.
over the course of 30 years*. people rarely keep cars for that long, let alone an EV.
fact is Teslas still represent good value if you’re just after a base Model Y and 3. they’re are OK, average, decent.
fit and finish is far from German counterparts but if you don’t care, and don’t want a Chinese EV either you’re left with Tesla.
Well, I’d say the value of the Tesla isn’t the car at all, it’s in being the first to popularize Evs, the brand they’ve built, and in the recharging network they’ve built.
As far as the cars go theres just too many reported problems. Take the above things away and you’re left with just an ok car. Why would you invest all that money in something that’s just ok, especially when you can go to the nearest competitor who not only has way more money and experience in the industry but can produce a cheaper more reliable product. Not to mention the fact that they have the dealerships across the country to handle their vehicles and perform maintenance.
Where tesla shined really was in how the brand became associated with success and quality, and in how large a recharging network they built. Nobody else has come close to achieving either. With musk acting like a dumbass they’ve lost the it factor. Should have been obvious with the cyber truck. Elon basically acted out that episode of the simpsons where homer bankrupts his brothers car company by designing a hilariously bad car. They do still have the charging network, and I think that value cannot be understated, but in 10 years ev charging will become ubiquitous and that won’t matter.
Tesla was at its peak when musk mostly shut the fuck up and pretended to be the ambitious billionaire genius focused on the betterment of humanity.
Now it’s clear that space Karen was little more than a guy who got extremely lucky in the early dot com days and amassed an insane fortune. Strip elon of his wealth and ask him to do it again and he would never be able to.
It’s sad too, I wanted to get a Tesla but now there’s just no way. Not when Space Karen can just auto install some update that requires I pay a subscription to use the ac. Fuck that shit, too unreliable.
depending on where you live, here in Australia some states have very strong tax incentive. So strong to the point whereby even an Accord or Sonata is priced similarly. For those that do not care about all these dramas or the technicalities of ownership the Model Y and 3 are both really good cars.
i personally wouldn’t get one tho, if i had spend so much money i’ll probably save a bit more and get a used GR Supra or Civic Type R.
As used cars, they aren’t very attractive for 2 big reasons.
Repair facilities and even just new parts are rare and can take months to book (which is a problem for new teslas as well).
But a bigger problem is that Tesla iterates parts designs, so if you have a used Tesla and the door handle breaks, you might not be able to get the right part to repair it, or you might need to make a series of other changes for it to work.
When you buy a Tesla, your buying a test mule that is a work in progress. That’s why most car companies spend 3+ years developing traditional vehicles before coming to market. And they used decades of institutional experience and known good components instead of attempting to reinvent it all (even the manufacturing process, which Tesla learned hard lessons about early on).
A friend of mine rented a 2023 Tesla recently. He said there was a visible air gap between the trunk lid and the body of the car. That’s decent to you?
lol, do you mean panel gaps? that has more to do with manufacturing process. I’m more referring to the features they provide for the price they’re selling at. They’re decent.
I can assure you, cars can get a lot less decent than Teslas… Korean cars in the early 2000s for example…
So they have decent features, they’re just built like shit. Great selling point.
they have higher than reported number of build failures, such as presence of panel gap but that does not indicate ALL of them come like that.
McLaren and Maseratis spring to mind, and have similar traits. It does not make them shit cars at all.
No one said all of them came like that. Enough of them come like that that it is a widely-reported issue. They’re built like shit.
I’ve checked them out in the showroom, the fit and finish when they’re not built like shit is actually alright.
I personally have never ever noticed Teslas which YUUUUUGE panel gaps either. And they are popular where I live.
They are decent cars still like I said. Talking about the base model. You cannot possibly find a better EV or RWD car at that budget where I live.
Even a base C200 or 320i cost a lot more than the base model 3. Like 25-40% as much. If that is not decent I don’t know what is.
And FYI I drive a Toyota myself, it’s handmade in a special factory and the fit and finish is absolutely horrible.
But somehow within the Toyota and the greater car community people always give it a pass because it’s a ToyOTa
Also, let’s not have the government bail musk out this time. Sick of subsidizing this nazi cunts bullshit shit box car brand.
Oh you can bet he is gonna get ur tax dollars .
Jeez I can understand not liking a billionaire and their product, but are you okay?
I saw no false statements here.
Why do you ask that? Whenever Musk gets mentioned (or any billionaire for that matter) similar words immediately spring to mind. Most people I know also feel this way too. Are YOU ok for not feeling this way?
I guess I’m just out of the loop. The most I know about musk is his ridiculous Twitter changes, naming his child aex12 or some crap like that, and shady EV range stuff. Can definitely see why people are saying he’s scum, but why is he being called a Nazi?
His indifference to the apartheid ontop of bragging about the family’s emerald mine (which hints at his emotional detachment from issues like genocide), reopening a Tesla factory in violation of health orders directly attributed to 450 covid cases, and his penchant for terminating people over opinions. Between the way he almost advocates for business priorities over basic human rights and his blatant fascism, some of his behaviors align with the hubris and fanaticism the Nazi party was known for. Cracking down on dissent, attempting to direct the flow of information, it’s almost as if we see how a modern Joseph Goebbels acts if he inherited the wealth of an apartheid emerald mine and pushed his own radical agendas with no regard for human life.
While Elon may not be as extreme as some of the worst people of the Nazi party, as in he didn’t throw millions of people in gas chambers, he seems to behave in a way that indicates he would do so without flinching or questioning it, if it continued to make a shit ton of money.
I usually think a lot of comments on here are over the top, but this one wasn’t that bad. Big companies get subsidies way too often.
I’m sad. Hug me?
Spotted the bootlicker
Good, the MAGA car company should lose value.
The market is finally correcting itself.
this is a dumb comment. most maga dicks would never drive an EV they’re too busy rolling coal. yes the spokesperson for Tesla is a piece of human garbage, but the company is more than him. Tesla has been hugely responsible for the much needed transition to EVs. So hate musk, but i think hating Tesla is a mistake.
I can hate tesla too you know. The car is terrible quality. Just because it is an EV doesn’t excuse it from being shitty
Also people seem to have not seen or forgotten about the whole thing with Elon Musk specifically falsifying range numbers on his products with shady ass, basically fraudulent math.
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It’s good quality until it breaks down.
True of… all things?
not really, plenty of things are shit quality even before they break down.
A lot of the problem with Tesla is Musk though, especially when it comes to the whole FSD and Autopilot thing. Tesla is spreading misleading data and releasing software to the public that they really shouldn’t be, and it’s Musk that is pushing for that to happen.
True, musk sucks. like I said. the downvotes are hilarious. guess a lot of the maga trolls followed here from reddit too. the more popular it gets the worse it will become I expect.
I agree that Tesla has done a lot to push us towards a more sustainable future with cars, and unfortunately I have to give Musk some credit for that also. The thing is, I don’t think you can separate Musk and Tesla like you are trying to.
Without Musk there really isn’t a Tesla. Even now they are very tied to him and his way of thinking. Nobody but Musk would ask someone to design the Cyber truck, and nobody but Musk would even call it that, or name the other vehicles so they spell S3XY, or release beta driver assist /self driving software to the public.
I think you can separate them, my comment was responding to the moron calling it the maga car, which is a stupid thing to say. I live in hope musk will eventually be pushed out. he’s quite an awful human.
Without Musk, you have 87% of Tesla (when you measure by shares of ownership). I’m surprised other shareholders haven’t tried to fire Musk as CEO.
It’s not just the share percent, it’s the whole company culture, he is the face of Tesla and his crazy thinking and over promising got the company this far. I doubt it would have gotten this far with a more rational and ethical CEO.
He is the ultimate hype man, without him Tesla just wouldn’t have the same pull IMO.
I agree with you that’s he’s a good hype man. But Tesla doesn’t need hype any more; they just need to solidify their lead over the EV market. At some point, hype and headline-grabbing turns from a fundraising asset to a corporate liability.
At a $747B market cap, I’d argue Tesla has definitely crossed that line.
Honestly, if Musk poured himself into a new futurist investment, he’d probably do better than he is doing right now… encumbering America’s biggest EV manufacturer with stock leverages for a social media platform he took off the public market and completely tanked the valuation for is not a good look.
Engineers used to put easter eggs in all sort of things they develop. From references in naming schemes to hidden comments in code. All of it wasn’t obvious to anyone not in the know. They are nerds living their nerd dreams.
The problem is that it is Elmo’s entire MO to put memes in everything he tells other people to create. He wants to be seen as the memelord. And all of them need to be as obvious as possible so everyone recognizes them, or it would lose its point.
No, pretty much no MAGA fans are here. I think that’s fair self-evident reading popular comments, you’re more likely to run into a fan of Chairman Mao.
much needed transition to EVs
You mean for the car industry?
yes
sounds like someone wasted 70k on the MAGA car.
lolz, no. but I feel my comment is still valid.
This is a very reasonable comment, and yet it’s downvoted heavily.
What Tesla achieved is good, and will have a place in the history of EVs. Musk being a fucking idiot doesn’t change that, it just makes it more obvious that none of the success is due to him he just happens to own the company.
Honestly, tesla would probably do better to fucking fire Musk as CEO. He holds less than 13% of the shares according to a 10-second Google search, so it doesn’t seem like he has unassailable control of the company.
If I were any of the other large shareholders I’d be fighting like hell to get a better CEO. Musk has switched from asset to liability.
same, my hope is they’ll turf him soon and people can less obliged to hate on Tesla again.
thank you for restoring my faith in humans. I really didn’t understand the downvotes tbh.
All g, yeh a lot of that bad behavior from reddit has flowed through to here.
Teslas are boring. There are only 4 of them and they all look the same. (And the cybertruck is an abomination, sorry if you’re going to buy one; good luck surviving all the steel balls people will be throwing at you)
Nobody is going to buy a cyber truck because they will never be mass produced
Or legal to sell in many US states of Europe.
Saving your comment so I can get a good laugh when it is released.
What a stupid take, but par for the r/technology course.
EDIT: The steel ball thing was terrible optics, granted, but that was also, like, the 5th time that ball was thrown at the window. Bullet-proof glass still spiderwebs when hit. Get over it.
No, they dropped steel balls onto separate glass pulled to the side, which didn’t break, then they decided to hurl steel balls at the prototype they had on stage. It broke the glass, twice. It’s on video, y’know?
but par doe the r/technology course.
Do you even know where you are?
Yep, r/tech… er… c/technology. Same thing.
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Don’t worry Tesla owners, this guy’s better than you and all along knew that he should be buying hummers.
This smugness from basement dwellers is flat out embarassing.
“If you don’t spend tens of thousands of dollars on a luxury car, you’re a smug basement dweller.”
Don’t own a Tesla, probably never will, just recognize the cringey basement dweller behaviour of everyone in here gleefully pretending like Tesla’s are any different just cause they don’t like the owner now. It’s a bunch of hater energy losers dunking on an easy target that’s uncool now. Congrats guys, you did it, you felt superior to others today.
I’m not superior to anyone. I just don’t insult people for not owning a car.
I wasn’t, and don’t own and never have owned a car. I was insulting them for being haters which was made apparent by their hater comments.
If you’ve never owned a car, maybe you don’t know whether or not people are right to hate Teslas. Just a thought.
You’re 100% right but don’t expect r/technology to accept it.
Swing and a miss, sparky. I’ve been driving electric for the last 7 years but have no interest in Tesla for a wide variety of reasons.
Also I literally told you why I don’t like them — there are only 4 of them and they all look the same; do you think maybe the fact that they’ve become so ubiquitous over the last few years and so samey could contribute to changed perceptions of them? What’s new in 2017 is old in 2023.
Just try and be a better person/contributor around here. Smarten up.
Do you see yourself in this video, or do you lack that level of introspection?
Here is an alternative Piped link(s): https://piped.video/watch?v=VpTBQEOb09Y
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I’m open-source, check me out at GitHub.
there are only 4 of them and they all look the same
Oh noooooo. Thanks for that single issue that’s entirely subjective.
Meanwhile; they provide the best performance for the price, putting exotics 0-60 to shame. Have the best charging infrastructure. Get great range despite the recent hit pieces. And, for some subjective IMO goodness, are super fucking cool. I love the infotainmentcontrolwhatever way they handle things.
But no, they’re just copy/paste pieces of shit. All hail anybody but Elon!
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the amount of defects
Please list them, and don’t bother with panel gaps that are either fixed for free on the spot or not long after.
When you pay $45k and up on a product, it should not have a single defect.
Somebody better tell this to Rivian and Polstar or, shit, any. other. manufacturer.
nowhere near the listed range in their advertisements. so bad they are facing a lawsuit over it
Get back to me when that lawsuit is resolved. I will say, I’m supposed to get 333 miles from my Model 3 LR and it’s closer to 280. There is reserve battery past 0% but we shouldn’t count that.
They also have issues locking drivers in the vehicle when the battery dies
Yes we all saw the article posted here a couple days ago. Curious, did you see the posts about how there are manual releases easily found and if you can’t find them you’re kiiiiiiiind of an idiot?
They’re cool the first time you drive one sure
Sorry, still cool 2 years later
have caused several life ending accidents involving their self driving software
Another sign you’ve bought into the bullshit. Manual controls override all AP/FSD activity and the drivers were at fault of every single crash. Find me a single instance where the driver was found to interrupt the system and it ignored them.
So keep on sucking his dick
You’re just admitting that you’re doing the polar opposite of sucking Elon’s dick. You’ve proved you’ve bought every single hit piece that came out. Congrats. I’m going to continue enjoying my marvel of engineering.
People really don’t even understand the whole range thing.
All those multitude of real world tests out there that show a Tesla doesn’t get the advertised range aren’t doing the tests as the EPA tests are defined.
Yes, a Tesla doesn’t get the advertised range when you go out of the test specs, shocking.
The EPA says this is how we’re going to test the car. They even say, you can test it doing a partial test suite, or a full test suite. Tesla does the full test suite, while many others don’t. This costs Tesla more money, but does seems to work out to their advantage.
I don’t doubt that Tesla then went, okay lets design the car (set the gear) to get a good range on the test the EPA is going to use so we can advertise a good number. The EPA set the rules.
I can’t recall if it was the EPA or some other testing agency, but Tesla once even rejected their initial rating saying you did the test wrong and made them re-do the test (a door was left ajar or something), and the retest came out to the number Tesla was expecting and wanted to advertise. As per the other article something also went wrong once and the EPA made them lower it by 3%. So problems can go both ways, and both were fixed.
Aside from Porsche who have a multi gear system in their power train, everyone else has to deal with the problem of a single gear not having the same efficiency across all speeds.
There’s only a few other models out there besides Porsche (who’s different) that meet their claims at 70mph+ tests, which means they did one of two things. They either lowered their EPA approved number and advertise a smaller range than they are
capableallowed, or they’re going to be less efficient elsewhere, but do good at high speeds.If you want to perform better at high speeds (70mph+) , you’re going to perform worse somewhere else in a single gear system, but I imagine most people care about the high speeds, and people don’t seem to care about real world 25-35mph tests where cars go well past their advertised range. I don’t really blame them for this, it’s what people care about.
We really need to get the EPA to change their tests and make everyone do the same test, make the test better reflect real world driving scenarios, and probably make them advertise city/highway/high speed eMPG instead of just the single number.
They’re fine cars, they need a refresh is all. You’re reading way too much into this. They’re not copy-paste, they’re ubiquitous and as exciting as a Honda Civic in terms of looks, to me at least. 0-60 time is fun, but so are physical buttons.
All hail anybody but Elon!
You know he’s never going to marry you though, right?
You know he’s never going to marry you though, right?
What? I thought you said this WASN’T r/technology?
The only person bringing up Elon Musk is you. The only person offended (apparently) on behalf of Elon Musk is you. Sort yourself out.
I couldn’t give a fuck about Musk. He could die tomorrow and I’d say “Good for him.” What I think is hilarious is the assumption by you and others in these comments that my drive to correct them stems from some love of the ugy.
Sort yourself out.
It was never worth the stupid value it was pumped up to. Why do you think Elon has been dumping so much of it.
Cause he has less business skills than what he lets to believe.
Elon is in the dump part of a pump and dump scheme.
The moment those Chinese EV startups enter the US market, Tesla will be in real trouble if they don’t have their product quality image problem fixed by then.
It’ll be like Detroit’s Big 3 automakers tanking when small fuel efficient Japanese cars landed in the 70s oil crisis.
Assuming those Chinese EV companies don’t have their own quality problems…
Chinese EVs absolutely have quality problems, but they are half the price. Tesla’s are sold at luxury prices with third rate QA.
Chinese quality has gone up in the last 20 or so years since they transitioned from poor to industrial country. You can’t cling to the cheap knockoffs you buy on Aliexpress either.
Yeah China has shown they can make good stuff but their safety ratings are still very below par.
Pretty much. They are teslas sold in the price bracket they belong in
So Tesla’s have quality issues I agree with, Elon is an asshole I also agree with. But not all Tesla’s are a Plaid. They start at $35k, the Y at 40k. They are most assuredly not luxury vehicles and I’m not sure why people keep thinking this.
They start at $35k, the Y at 40k.
That’s a starter price, not a finisher price. (Apologies to IASIP.)
That’s still not luxury in this market. I priced one myself ended up at 48k. That’s not luxury anymore in this market.
But I digress. I’m not a Tesla lover or anything just saying they’re not luxury cars. I don’t even have an EV yet and don’t want a Tesla.
It’s more than I’d pay, which also doesn’t make them luxury prices.
However, until pretty recently they were much more expensive than they currently are which is why there’s a lagging perception of them being luxury.
It certainly isn’t the quality.
There’s already so many BYDs in Australia.
At $20,000 cheaper, it sure makes a lot of people not care about whatever bells and whistles the Tesla has.
Tesla is already in trouble.
Hyundai Ioniq 5/6, Kia Ev6.
VW ID line.
Ford F150 Lightning.
Those are the things that will absolutely decimate Tesla’s market share. Known brands that can actually put together cars without basic issues like Panel gaps and paint issues.
Ones that reject the absolutely dangerous and moronic UX of putting everything onto a big screen instead of having physical buttons.
They’re already in the states. Example: Volvo / Polestar
Big difference there. Volvo may be owned by a Chinese company but they’re made in the US and Europe (except the S90) and are designed by Swedish engineers. That’s like called Jaguars and Land Rovers Indian since they’re owned by Tata.
The cars that GP are referring to are entirely designed and built in China.
china sucks worse then Tesla. Everything they build is cheap crap that falls apart. Last thing I’d ever do is buy some pos from china
Elon Musk financed about $20bn into the Twitter purchase by selling Tesla stock.
despite the 200b drop in tesla, those 20bn probably still would be worth more than the Twitter stocks he owns now.
Twitter is a money pit circling the drain.
I’m pretty sure that dumpster fire is already part way into the drain but just doesn’t know it yet
I dont get how this is news. Teslas market cap was already higher than all the other car makers combined while only producing a fraction of the vehicles. Everyone knew that this stock wasnt a value stock. Where is the news
ELON BAD
Yes, but not sarcastically.
Agreed.
thoughts and prayers
I SAID THOUGHS… AND… PRAYERSSSSS!!
Amen 🙏
Ramen you mean? Gotta be what you ment…yep def ramen
Ramen
I’m surprised this isn’t just because of there being more competitors to Tesla like rivian. Tbh though I dislike cars, I just have to use them sadly.
I love cars, and I know that goes against what I’m supposed to say here.
It’s okay to love cars, people have an issue with the Car being the only viable option in many places.
When I lived in Brno, which is at around 450K population in Czechia, I was going there by car, as in I drove from Slovakia to Brno, parked my car and haven’t used it until I was visiting Slovakia again, I only used it when I went for a big shopping to the hypermarket that was at the outskirts of the city.
Did you ever see James May’s OG Top Gear piece on Honda’s hydrogen car? I think about it a lot. That alternatives to ICE cars is the way to save ICE cars for enthusiasts.
There aren’t any. By volume Tesla is still the biggest EV maker by far. The competition is nowhere close to catching up. If they screw up the launch of the Cybertruck, they’ll really be in trouble, though. Also, the valuation is to a large degree based on the promise of full self driving. That seems to be an increasingly distant prospect, though.
But Telsa’s market share has dropped from 79% to 62.4% in 2 years.
Things are changing fast.
No company will maintain this kind of market share forever. Over 60% ist still impressive and shows how pathetic the EV efforts of the incumbents have been so far.
key words being “so far”, Tesla is going to be blown the fuck out of water by what traditional Automakers are starting to offer.
I’m sure too that there are a lot of prospective EV buyers that are waiting on the sidelines until a more reputable brand has something they like. (I’m one of these people.)
Same here, my civic is gonna be the last gas vehicle I own. Next car is all electric.
This is exactly right, the big traditional auto makers were watching tesla,using them as a research experiment, and now are starting to build out their own EVs. Once it becomes viable for these automakers to produce many modules we will see lots of competition in the market, tesla will be completely overrun. There’s no way tesla can keep up with production powerhouses like Ford, and Toyota.
Honestly, as long as Tesla maintains its supercharger network, it will continue to blow its competition out of the water. I say this as someone who got a Korean EV instead of a Tesla.
Electrify America DCFC stations have been slipping in quality quite noticeably, just in the past year. EVgo is still catching up in the DCFC world, with a lot more slow 50 kW cabinets than genuinely fast 150+ kW chargers. Non-Tesla cars using the supercharger Magic Dock often aren’t charging as fast as a Tesla, likely due to the difference in electronics.
I think you have to be the sort of person who doesn’t mind tinkering a bit and putting in planning and effort to thrive in a non-Tesla, unless you simply never plan to road trip far enough to need DC fast charging.
So a lemmy user will probably be fine. The general public might do better with a Tesla for now.
EU says hi with our regulations mandating Tesla to make their chargers inter-operable with other brands.
Can you please accept the USA into your pleasant union?
Gods, I love the EU.
It may not be perfect, and has a lot of improvements to make.
But damn does it actually work for the population instead of the corporations.
I feel like this is inevitable. We don’t have to try and find the station that has the right nozzle to pump gas in a Ford. Likewise, vehicle charging stations should have standard plugs. It just doesn’t make sense the other way around.
I thought I read Tesla’s plug was going to maybe the standard, but maybe I’m misremembering.
The only issue I’ve heard with NACS is that the 800V battery auto makers aren’t convinced it’s as capable as CCS of supporting the higher voltage for that generation of EV battery. Hopefully they work it out soon.
I wouldn’t try and argue with people who don’t understand. https://insideevs.com/news/651978/world-top-ev-oem-sales-2022q4/. Tesla sells more BEV’s than anyone else. Anyone who says Tesla has competition now is completely uniformed or purposely trolling. VW and BYD are the closer ones, globally. In the US, no one comes close.
All the other majoe manufacturers sell way more vehicles than Tesla, and are rapidly pivoting to the electric market. Tesla is pretty fucked.
They have big problems. They are way overvalued, and other manufacturers are catching up who are geared for higher levels of mass production. And once the share price starts falling there’s the risk that it can cause a feedback loop.
Yeah, but the silly Tech Startup kind of market valuation with the associated crazy P/Es (justified by “we will take over the whole industry” kind of justification) that made them more valueable than all US automakers combined (not just the EV auto-segment, everything) is dissapearing.
Their valuation reflecting the size of their market share (in the entire auto-market, not just EVs which are still a minority of sales) and growth direction (growing mainly due to the EV segment growing and don’t seem to be in line to dominate the whole auto-market as EVs take over) means a massive fall from the fantasy “we’ll take over the world” valuations.
Mind you, it’s happenning more generally in the whole Tech segment as the end of free money which was used in leveraged stock investment is wiping out all the investment strategies based on wild and fantastical claims of “future prospects” and on finding greater suckers.
It’s probably not even a fall due any worst numbers or concrete prospects for Tesla: the collapse of the massive stock price premiums (judging by the P/Es in Tech vs those in the wider market) for “future prospects” in the whole of the Tech industry, would definitelly pull Tesla’s stock price down hard because Elon’s main business “strategy” has always been to frame his ventures as Edgy Tech in order to reap such premiums and he definitelly went hard on it with Tesla.
Looking at Tesla as just a car manufacturer ist short sighted. The energy products also have huge growth potential. And whoever cracks FSD first will basically own the world. I used to be confident that that will be Tesla. But now I’m a lot less optimistic for the sector as a whole.
Good luck with Tesla cracking full self driving without LIDAR.
I believed in Tesla’s FSD until they decided to go visual cameras only. Now I’m convinced they squandered their decade-long lead in the market on a technologically inferior strategy.
Hasn’t the F-150 has already preemptively destroyed the Cybertruck? I suppose most people driving pickups don’t actually need a pickup’s functionality. They’re just told they need a pickup so that’s what they buy.
I see more F150 Lightning trucks than I do model 3 cars, and this is in a red state full of people who are scared of electric vehicles.
lol as if that hideous pos truck is going to save them.
There are, plenty of Chinese EV companies. One in particular sells by volume way more cars than Tesla worldwide. It just doesn’t sell to the US yet.
No Chinese EV company sells more BEV globally than Tesla.
To get the advertised numbers that are higher than Tesla it includes plug in hybrids.
Edit: Until Tesla releases their Gen 3 platform, BYD may pass them in 2024 though.
Maybe anecdotal but I bought a Kia EV6 over a Tesla because of Musk and CarPlay support. I know I can’t be the only one that took that into consideration.
There was a time when I wanted a Tesla, before Musk went altright…
To put this in perspective, Tesla’s stock price has still more than doubled since the beginning of the year. They’re doing just fine.
The past few weeks have been rough across the market. I suspect the reemergence of COVID has played a factor.
How about since their ATH?
Oh… It’s at a 43% bargain.
52 weeks high? Yep, still a bargain!
Nah, they’re not doing fine.
Apparently not since the big investors are getting out/reducing investment.
Anyone who actually follows the market knows it doesn’t follow logic and doesn’t actually represent the health of the company or the economy.
I see so much hate toward Tesla in this post and I assume it’s mostly because of Musk.
But at the end of the day they are still the ones selling the most EV which I still believe is a good thing.
I’d rather people buy an asshole’s EV than another polluting pick-up truck tbh. (I know EV are also creating pollution, no need to point this out ty).
The vast majority of EVs I see in the street of my french city are Tesla’s. And I see a bit more everyday. And no matter how much I despise Musk, I still appreciate the fact that tesla is helping us move forward from combustion engines.
I don’t really care if someone buys a Tesla just to show off. It’s one less combustion engine on the road.
Teslas just aren’t great EVs compared to other brands. The reason they are popular is because of marketing.
Give me a Renault EV any day.
Aren’t great how? They have some of the most efficient cars, with high charging speeds, and easily the best charging network.
As far as EVs go, they’re fantastic. Said as someone who has owned multiple EVs from different brands.
The charging network argument is getting less important in densely populated Europe, and at least here in the Netherlands. For fast charging I usually charge at Shell Recharge because it’s cheap with my card (for my boss, but small company so I try). Otherwise there’s always a Fastned, Ionity or other party. And there are so many destination chargers that I don’t really hesitate to drive anywhere. And anyway you can charge at Tesla too if there is availability I think, though for the reasons stated above I haven’t needed to.
And now other brands are coming out with loads of relatively affordable 100-150kwh+ options. At that point a cross continent vacation is still a bit of a hassle, but for daily use that’s more than enough since you mostly charge at home or at a destination anyway.
They need to ditch Musk… he’s toxic to the brand now.
And fix their quality, and upgrade their interior to have buttons, as well as be somewhat nicer than a Toyota for the price they’re asking.
The board is composed of close family and friends. They are not going to ditch Musk.
tesla’s are shit cars and cars are fuckn awful for the environment so its the creme dela creme of a shit stain. some people actually think they’re doing the environment a good thing buying a new car instead of demanding public transportation/or at least buy something used to literally stop killing the earth.
like seriously you think you’re doing something to help the environment by buying a new car from a elon fucken musk? like you do realise tesla lobbys against public transporation? You know something that would actually help the environment.
like he’s literally a car salesman and you dupes were suckered into it like a fucken simpsons monorail
Where I live, no amount of anything is going to get me away from a car. Even if I had a billion dollars to invest, I couldn’t get rid of the need for a car, for at least 10 years. It’s a nice position to take, but completely devoid from reality.
I agree in regards to public transport in cities of a resonable size and between them. Outside bigger cities, it simply isn’t a workable solution. Fact is that a lot of our modern society is built around cars. It’s not easy to change that.
BEV’s will certainly not save the world from climate change, but they are a lot better than ICE vehicles and since we aren’t getting rid of vehicles, it’s a lot better if they are BEV’s. Hate Elon Musk as much as you like (I likely wouldn’t disagree with you), but you can’t ignore that Tesla arguably has pushed forward the transition to BEV’s.
Maybe the investors should all vote on kicking Elon out of the company.
Who would have thought your brand would tank if you go full send on being a absolute douche bag. Almost like there is consequences for you actions… Something these ultra rich assholes never face.
