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?!
this post was submitted on 23 Apr 2024
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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.
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:
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Would you have called GameStop a thriving company before GME? Stock market and reality do not always align.
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Cooling demand.... Let's call it what it is. People don't like Musk since he's a fucking piece of shit nazi, so they don't want to buy his car.
I've said it a bunch, I wanted a Tesla but I couldn't afford it. Now that I can afford it, I will not buy a Tesla solely because of Musk.
I think that's a big part of it, but even putting him and all his BS aside, they haven't really done much innovating in years. In the mid '10s it seemed like they were making big gains in manufacturing and following up the success of the Model S with the X, Y, and 3 as well as developing the gigafactory and things like the powerwall. Since probably 2019 though, they've just been spinning their wheels and stagnating on things like autonomy and building the Cybertruck with no real gain to show for it.
I imagine it won't be long before he's ousted though as it provides a convenient scape goat for everything along with shedding dead weight who's main appeal previously was being outspoken online and "a disruptor" before everything turned to right wing politics.
they haven't really done much innovating in years.
They just released a new vehicle (like today). It's a $45k sedan that does 0-60MPH in 3 seconds.
Another recent vehicle is the first production vehicle made of stamped cold-rolled steel. It is the first production vehicle with a 48V low-voltage system. It is the first production vehicle with steer-by-wire.
Not long before that they released a vehicle that's faster than any production car (when it was released) with triple carbon-sleeved rotors that decimated the 60+MPH EV acceleration problem, and it was a 4-door sedan that costs hundreds of thousands of dollars less than said supercars.
Now you may not like those features, and you may not like the vehicles, and you may hate the brand and it's leader, but you can't say they aren't regularly innovating. There are lots of super talented engineers at Tesla that are not Musk.
E: lots of downvotes and an accusation, zero counter-arguments.
Another recent vehicle is the first production vehicle made of stamped cold-rolled steel.
I like how you're touting that as a good thing when it was stupid as fuck.
https://insideevs.com/news/699189/tesla-cybertruck-repair-insurance/
Also- https://www.cbsnews.com/news/tesla-cybertruck-rusting-complaints-from-owners/
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If he was ousted I would buy one just to spite him.
Nah, I wouldn't, but I imagine a big uptick in sales after he got the boot would do detrimental harm to his ego.
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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.
Can't make Elmo mad. He might buy it and fire everyone.
Nah, he’ll just start only printing right wing nut job rhetoric.
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When Elon kinda first hit the scene I liked him and was on his side. It’s been through his own consistent inconsistencies and double talk, and also plain crazy talk… that has totally turned me off to him in any area. I think if I can go from ‘almost a fanboy’ to ‘give back Twitter you stupid cunt’; I’m likely not the only one.
I’m sick of him. Like all of it. I wish he’d had gotten put in that car they launched into space. He’s such an 🫏🕳️
Yeah, I went from thinking he was like a real life Tony Stark. Obviously Tony Stark is fictional, but Elon seemed like what he could be if he was real instead of fantasy.
I've pivoted on my opinion of him so hard that I've been side eyeing Tony Stark, Bruce Wayne, and the whole idea of a benevolent billionaire hero as billionaire propaganda.
He took his mask off in 2018 when he had the tantrum about his stupid submarine idea being called stupid and then went after the guy who did save the kids personally. He never was able to get that mask to fit again after that.
He’s effing Lex Luthor, not Bruce Wayne
I feel like I can understand Lex Luthor's decisions. I disagree with them, but there's a logical consistency there. I look at Elon and think "I'm supposed to believe this guy is a genius?"
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He's literally his own worst enemy. If he'd just shut the fuck up and work - but no. He's used Tesla stock to fund his idiotic twitter shit. Boring company is a dead end. Cybertruck has already seen two recalls and is trickling out to confirmed fanboys only. My only hope is that he doesn't fuck up spacex. Apparently they have a whole 'elon management' team and it's working.
The problem is that a large part of his success is loudly creating his "genius" persona that brings in investors.
But when that persona went full right-wing conservative racist troll, that may have won him some supporters but lost many others.
Any success behind him has just purely been because he's a walking money bag, otherwise he just seems like a hindrance.
The system sure works /s
Yes I think the government is one of the ‘big sponsors’ for him. Even if he dislikes the government 🙄.
I imagine it’s deeeefinitely in their best interests to ‘manage Elon’.
“Sorry Elon we wanted to introduce you to the hardworking rocket scientists, but they hate you and would rather jump off a bridge than be in a room with you. Soooo, we made some nice snacks and joints, and there’s a hot tub you can use too. Doesn’t that sound nicer than belittling people and causing chaos? Yeah? Good? Good. Aww ok you want Ice cream too. Thats ok, just stay away from Mission Control sweety.”
I'm kinda not mad that he's crazy AND vocal. What I'm more worried about is when maybe when he older and wiser he shuts up and just starts funneling all that money towards his nutto crazy talk. At least now you can hear him coming.
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When I first heard about him, it was when he took over Tesla and was pushing electric cars to become mainstream against a huge amount of industry pressure trying to squash any effort to move away from fossil fuels. It was an inspiring underdog story, and I was genuinely rooting for the guy. Maybe not in a crazy fanboy way like some people o today, but whenever I heard a positive news story about him it was uplifting to a certain degree.
Then he absolutely humiliated himself with the "pedo guy" comments and his bizarre feud with the truth/reality and my opinion of him flipped then and there. It only went downhill quicker when he started showing his true colors - switching from Democrat to Republican and indulging himself in conspiracy theories, antisemitism and racist ideology cemented my opinion of him. He's a true blue piece of shit who will say or do anything if he can make money off of it.
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Even if he sold Tesla and they are no longer associated, they won't get a sale from me. In my mind, they and their products are tainted. I hate them with a fervor especially after all the bullshit they pulled against high speed rail. Fuck Tesla.
Doesn't help that they have a strong reputation for shite quality. It's really just numerous layers for most of us:
- Product/brand is tainted (as you say).
- Declining quality of their products.
- Reputation (warranted or not) of many Tesla drivers being clueless idiots behind the wheel.
- Still too many embarrassing Musk fans closely associated with Tesla (related to the first point).
- Prices still too high for many.
Not to mention,
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Anti-repair company that forces you to go into certified Tesla Repair servicers. Potential for obsoletion is high, and so is the potential that they could disable/downgrade older models remotely.
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They make most of their money by paying engineers incredibly low wages.
And
- Aggressively Anti Union
- Overuse of touch screen controls
- Poor repairability (nearly all EVs have lower maintenance costs than gas vehicles, but its not clear Teslas do)
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.
Besides not wanting to buy a product from Musk buying a Tesla simply isn't an option.
On the newest Model 3 they removed the stalks, I don't want to press a button on a steering wheel to use the blinker (Doing that in a roundabout sounds like a nightmare).
Besides that Musk seems to think he can do whatever he wants with OTA updates. I wouldn't want to buy a car that might have some function changed or disabled the next time I'm using it.
Plenty of other manufacturers at this point to choose from.
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I've been scoping out EVs and Teslas are just not even slightly on my radar as a potential option. They come off entirely untrustworthy as a company
And all their designs are dated.
It's like they have the opinion that they got it perfect first try.
I'm not a fan of Apple style the same but slightly improved each year, but for a. Investment like that, I want there to be a difference in build quality at the lowest end of the spectrum.
Tesla just pushes the exact same thing with new promises of full auto driving
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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.
Shockingly there's not enough fan boys out there to keep them afloat.
I respectable amount of high income individuals would love to have premium long range EVs. Nobody wants to be associated with him. Nobody wants to wait around for 6 hours while the car gets towed if it has a serious breakdown, and nobody wants to deal with resale problems.
The charging network is good, the cars still have some tech in them that is ahead of the competition. But they're pushing the tech too far they're taking a page out of Apple's book and not listening to what people want.
If you're not going to listen to your customers and you have a horrible image problem, You're going to have a bad time.
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!
Model 3 Long Range is still nearly $50k. They’ll have to cut more for me to even consider. Also; they’d need to fire Elon Musk and deny him his $54 billion pay package.
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.
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Having a complete fecking tosspiece at the helm might also have something to do with it....
I don’t want my car to be a political statement, thank you.
Elonmobile
Guess it's a good thing that multi billion dollar payout to Musk got cancelled
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