“Self-driving-ish” 😂
cruise control with a higher fatality rate
I’m stealing this… way too funny
Booze cruise control.
Full self crashing
Honestly that’s the best possible name for it.
Even after the price cut, theirs is still 3x the price of Mercedes’ system which works better. I have a feeling Tesla’s earnings report won’t go well this afternoon. https://finance.yahoo.com/news/tesla-earnings-q1-175358835.html
Tesla was overvalued when it hit 50$ pre stock split. Its continued rise over a period of years to one of the most valuable public companies is just mind boggling. But I think even now there is a lot of hesitance in shorting the stock as entire fortunes have been lost trying to predict a share price correction.
But we’re about to find out whether Tesla truly transcends auto companies: https://bradmunchen.substack.com/p/could-tesla-go-bankrupt-the-odds
Tesla is nothing more than an elaborate stock pumping exercise built on a business of selling crappy cars to techbros. It’s valuation is propped up by lies, hype and virtual signaling. It also can’t survive without copious amounts of government subsidies and low interest loans, since the car business is so capital intensive. At some point, all of these problems will come to a head. It’s a matter of when, not if, that Tesla collapses in some form. Though it may be bought out before formally filing for bankruptcy.
The Model 3 and Model Y combined for more than 500,000 units sold last year in the US alone. Do you really think it’s only tech bros buying them?
GM delivered five times that amount and yet Tesla is valued higher. It’s painfully obvious that Tesla’s stock is overpriced.
The new camry is expected to sell 300 000 units in the US alone
I don’t think bankruptcy is going to happen. Despite economists’ theoretical ideals, stock price has nothing to do with a company.
Tesla is selling cars at a profit whether the stock is $20 a share or $200. Long term the stock price should go to $20.
Its* valuation is propped up
Didn’t used to be, though. But yeah. Elmo’s shame.
When considering shorting stocks it’s important to remember one of Keynes’ better quotes, “the market can remain irrational longer than you can remain solvent.”
And also that shorts have defined gains, but infinite losses
I’m expecting the company to go out of business and all of the cars to just brick.
Might be a good move to figure out how to hack the software and/or reclaim the batteries for resale, might be kinda lucrative.
On the other hand, if they do brick overnight it might be dangerous, and I hope Tesla demonstrates some responsibility to the lives and safety of their consumers. I don’t expect them to, but I hope so.
Even if they don’t fail, knowing how to hack them, how to replace the Tesla computer with your own that functions without Tesla approval, how to make the car function without self driving that might lock up the tires at highway speeds… These are valuable skills to have.
I don’t trust the structural enough to use even if cheap, based on everything else. I could see breaking it down and using specific parts in a custom build using a real car as a base though.
They are “too big to fail now”. If they pop now, the ruins will be bought quickly. The car won’t be allowed to brick. But it is good to highlight the issue that modern car need to be independ of the existence of manufacturers servers. I’d go further and regulate that it must be documented protocols and you must able to change the servers used if you choose.
Same with any computer, if you don’t have admin, you don’t own it.
too big to fail
That’s a good point, it’s just as likely (to my cynical mind) that the U.S. govt would just bail them out to the tune of hundreds of billions
Someone will step in and pick up the ashes. Question is will it be a company or the government.
How would non-American consumers feel about the US government controlling there cars? Not sure all American consumers would be happy with that either. Why it’s OK for a company to have that power over your car is another issue…
I wouldn’t think the government itself would intervene. But possibly a government assigned entity so all those owners aren’t left high and dry.
I think even without government sweeteners there would be plenty of buyers.
I’m expecting the company to go out of business and all of the cars to just brick.
I agree that Tesla will not be able to maintain their current position, but currently Tesla is one of the most profitable car companies in the world. So chances they’ll go out of business anytime soon are very slim.
That said I think they are currently about at their height, with a peek market recognition advantage in EV, earned from their first models where everybody else only made tiny lame city EVs with limited range. Now the competition is catching up and even sometimes surpassing Tesla, and the EV market is in a slump. This is a very different situation for Musk and Tesla to handle, and time will show how well they do that.
Because what you really want is a car that specifically depends on long term software updates, and is frequently the target of product recalls, from a company in financial freefall.
1.81M units sold last, that’s $31,000/unit he wants to get paid. For pretty much single-handedly ruining the brand with his stupid yapper in a year.
$2000 a unit price decrease doesn’t seem like much compared to that.
When put like that, that’s absolutely mad! How can shareholders possibly think that this is good value?
Gambling on getting hit by lightning
I wouldn’t touch a TSLA product even if it was given to me.
I’d have no problem accepting a free car
And if they want to force me to accept a free solar installation, I’d suffer
Must be hard on the idiots who paid full price.
How long before he burns it all down to collect insurance?
Too late. Suck less next time.
This is the best summary I could come up with:
Speaking on his social media platform X over the weekend, Tesla supremo Elon Musk said price adjustments are an essential part of doing business in the auto industry.
That was followed not long after by the company asking shareholders to reinstate Musk’s $56 billion pay package that was recently voided by a Delaware court – again, bad timing given the state of Tesla lately.
Along with cutting prices over the weekend, Elon Musk also postponed a scheduled trip to India in which he was predicted to announce Tesla’s expansion into the country.
EV sales have generally been on a decline of late, putting some of the world’s biggest manufacturers – like Tesla and Li – in a relatively tight spot.
Tesla recently announced plans to kill its low-priced Model 2 vehicle – a seemingly ideal move when consumers want lower priced electric cars.
PS: Mercedes now reckons it’s the first automaker to sell actual self-driving cars in America that don’t require drivers to keep an eye on the road.
The original article contains 567 words, the summary contains 169 words. Saved 70%. I’m a bot and I’m open source!
Thanks but no thanks, I’ll stick to my EAP I got with my model 3 initially. That already tries to kill me enough as it is.
The entire EV industry in currently plummeting. They’ll rebound.
Removed by mod
What is actually happening is BYD is kicking everybody’s ass
The company that straight up stole porsche car designs to build ‘their’ flagship? It’s not going to be available in the west until they can actually build their own cars.
Their cars are already available in Europe and South America and they are building a plant in Mexico
He couldnt slash the truck price enough for me to buy one.
