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Not the collapse I’m hoping for, guess I gotta wait a little longer for that one.
Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
Because they're actually good cars and they come in varieties other than sports. Tesla has always had this problem that as soon as real car companies come along their own vehicles start to look less appealing in comparison. Just look at the explosion of electric pickups. And then Tesla answer that with the cybertruck, seriously that was the best they could do?
They had it all their own way at first because there were virtually no other EV car manufacturers. That is now starting to change and they haven't responded to that threat in any real way.
And that's despite a 27 percent tariff on Byd by the EU, which is even more embarrassing for Tesla.
That's also Tesla's fault. They massively overprice their cars so that even when they're competing against a tariff their cars are still more expensive than the competitions.
Oh and BYD cars have actually decent self-driving capabilities. Not that it's 100%, but it's a lot better than Tesla's offering, and unlike Tesla you don't have to pay extra for it, it's just standard.
Can Ford hand over their Edsal trophy now for the worst American vehicle made? At least the Edsal was ahead of its time and looked like an actual car. Apparently still worth around $25k too! $65k if you find one with all the bonus features....
Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.
I would be surprised if an incel camino lasts 3-4 years of regular driving.
Why is this the first time I'm hearing it called the "incel camino"? That's great.
Edit: Left out a word 🤦♂️
It has a bunch of other nicknames - CyberAztek and ClusterTruck are the only others I can recall
Because technically if you chose to buy one, you volunteered to be celibate. So there is no involuntary about it. They just don't realize it. They should have read the fine print of their fash wagon closer.
Honestly I think these are probably better designed and more durable.
I thought you were going to link to a Trabant, but I'll also be with you that any vehicle in Robert's fleet is more durable and better designed.
But yet the stock is still above 300. The valuation of this company and the stock price do not correlate.
Never have. The stock market is a glorified casino. Prove me wrong. The entire basis of the stock market is a joke.
Maybe you are a bit wrong ;) casino's use real money. Stock markets don't. It's lots of money that just isn't there. It's all made up. If you have 5 million shares of $1 it looks like you have 5 million. Try to sell them at once to become that millionair, there is suddenlyy too much for sale, price drops and they become worthless.
The only way in which shares can more-or-less translate to real money at their face value is if you use them as collateral on a loan. This is how rich people are rich: they use their shares to take out loans which provide them with spendable money. Money now is always more valuable than money in the future, due to inflation and opportunity cost, so most rich people are almost always in monumental amounts of debt, but because they were able to spend a bunch of money up-front, they're able to invest in things that bring them even more money to pay the debt off. Example: if you had the money to buy a house and rent it out to tenants, the rent you receive will EASILY cover the mortgage - the trick is getting the collateral to get a mortgage to begin with.
The only danger is that banks and lenders write in a clause that if your share prices (ie the collateral the loan relies on) drops below a certain value, you are forced to sell the shares off and give them the proceeds, so that they can recoup at least some of the money they lost on your bad collateral before it devalues completely. This could, theoretically, happen to Musk if $TSLA drops below a certain threshold, which is what half the Internet seems to be hoping for.
I really want Tesla stocks to go down enough that it will cost Musk a huge chunk of his wealth. But the stocks have recovered. Although, I think Tesla stocks will continually go down in the future so long as Musk is the CEO. I hope that Musk doesn't get replaced until his shares tanked drastically!
Its an investor cult. Like Bitcoin. The valuation and the real world tangible value are completely disconnected.
Tesla is the original meme stock.
That's because Tesla is a shitcoin on the stock exchange. It has the same qualities as Gamestop and BBBY. It will operate that way until it no longer exists, with holders diamond-handing it into oblivion through tears of rhetoric.
Ya 6 billion in the bank cash. 0 debt. The only CEO on the planet that does not take a salary. Does Lemmy have a remind me feature?
The stock market is legalized gambling on vibes.
Stocks isn't necessarily done on vibes. You'd be surprised that there is a pattern to the stock market that you can take advantage of to make money. Unlike gambling where there isn't really much of a chance of winning if you do the math (because a lot of gambling are rigged), with stocks you can make a calculated risk but with surer chance of earning big if you do the proper research on what you're investing in and the stock market itself. Sure there is insider trading, but most stocks typically go back up again if the fundamentals of the instrument are sound. I mean, how many ordinary people earn six figures or become millionaires from playing casinos in comparison to those who invested in the stock market?
The stock price has always been a load of crap.
Musk's political activities have soured public opinion on the company and contributed to declining global sales.
That's not a political opinion. He did a Nazi salute on live tv
This story combines like 3 headlines worth of bad news into one shit sandwich, and man the whole deal tastes like Schadenfreude feels XD
The media is no longer interested in putting a positive spin on Tesla, or any other Skum business. Every earnings call is going to be worse than the last one, which will just accelerate the decline. The damage to the brand image is irreparable, and directly attributable to Skum's irresponsible ego bender, and a brutal shareholder lawsuit is inevitable.
Tesla will be bankrupt in less than 2 years.
I see the same but cannot for the life of me understand how the stock isn't shitting the bed. The whole US market is irrational at this stage but Tesla is just ridiculous
Thoughts and prayers to the wealthy attention-whore douchebags that were affected.
This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.
Liquidate Musk
Just passed a Tesla lot today and it was packed full of these trucks, and cars. All were covered in dust.
Hilarious and deserved. They should have built something useful instead of overhyping a truck that can’t do truck things and gets bricked by rain or broken latches.
I don't really want one, but I'm tempted to go down and haggle.
"Really, given how unpopular they are and the unsold inventory, you should pay me to take one. It's costing you money every day it sits here... Stop the bleeding..."