I will feel a lot better when their stock price goes much, much, much lower. Sure they are down 40+% in the past 3 months, but they were WAY too high prior to that.
Their P/E should be in the single digits if they were like most American companies. Until I see that, I’ll know that they are nothing but a fucking chud memestock.
What’s going to be really funny, is when it becomes worthless.
See, most of Elon’s money is in Tesla Stock, stock that he manipulated by telling tall tales of colonizing Mars.
In order to buy Twitter he had to take out a loan for the money and use his Tesla stock as collateral. Now, the thing about that is, the stock is only able to serve this purpose because it’s worth so much. If it wasn’t, then Elon basically defaults on the loan.
This means he will no longer own Twitter, his bank will.
He’ll be forced to sell SpaceX to cover the loans.
Tesla stock was enormously overpriced anyway. The product is not that good or worth that much. In the very beginning there was a lot of disrupting the incumbents. For better or worse. Now it’s all worse.
Yeah, if you compare their P/E ratio to any other car company…it was and is just nuts. They are in the triple digits last I checked, while many car companies are in the single digits/low double digits.
It’s gotten a tad bit closer to reality, but still needs adjustment, IMHO. I think the price of the stock should be at about 1/10th of what it is at now…I think a lot of it has to do with people buying into Musk’s bullshit and whole lotta stans in the day trader manosphere.
But it has a real Gamestop vibe to me…
If you were foolish enough to buy a Tesla, and too dumb to get rid of it already, make another poor decision and go to https://stealmytesla.com/ for the final solution to your problem.
I’m imagining situations like that episode of Seinfeld with the BO car. He couldn’t even get people to steal that thing.
So much crazy shit has happened this year that for an honest second, I was dead set in believing this was real. I feel like there are some people that are this desperate. But unfortunately I’m cursed with the power of reading for more than 10 seconds.
The site is well done. I wasn’t sure either until I saw the lady with a balaclava and a headset. 😂
Oh yeah that shit made me crack up and I knew it was fake, but it’s funny to imagine.
I imagine Trump will buy the useless cyberdumpsters and give them to cops to use. They are such badly engineered and frequently broken POS’s I wouldnt even mind. Let “law enforcement” deal with them.
You seem to imagine pigs out there suffering some burden. That burden will simply be the taxpayers. 🤯
god i hope every cop cuts themselves on the edges
Minor correction; trump won’t buy them, the American taxpayer will buy them.
That would just make it so minorities will be driven around in that death box.
You got me there.
The swastikar idiots need to be called out constantly. They know exactly what they are doing. There are no coincidences. These are the willing participants in the far right agenda….
If they could afford a Tesla in the first place, they can afford to replace it.
I dont know about afford, surely there’s some idiot who took out a loan for this
my ex worker with a guy who took out a 90k loan for some other shitty backleds SUV and literally had to get a second job to pay for it. think started to break down like two months later lmao
I wonder if the cybertruck will be the Delorian of the future.
Well no, it won’t because people actually like the Delorian due to it being redeemed by one of the greatest time travel movies ever made.
We can make it happen with the Cyber truck!
BACK TO THE FÜHRER starring Kid Rock as Marty and Musk as the Doc and the truck doesn’t make it.
Here me out. What if they remaster back to the future and the plutonium guys at the beginning drive a cybertruck instead of the white truck?
Was the delorian hated? Why?
Mostly because it had a garbage engine. The one they used in the movies was modified with a much better engine.
The fact that the real Delorean couldn’t do 88 miles per hour was part of the joke.
Ah okay.
I have no idea about cars or engines
Yeah, the reason why they chose 55 mph in the movie is that was the max speed of the car (if i remember right)
Also the way the doors opened were pretty inconvenient
It was 88 mph, which is a speed that the original engine for the DeLorean was not capable of.
The flux capacitor is activated when it reaches 88mph. They had to add a digital speedometer because the Delorian’s only went to 85.
That was typical of cars made (for US market) in the early to mid 80s… Can’t remember for sure if it was part of the whole national 55mph speed limit, but I’d bet it was.
it wasn’t a good car, It just looked unique.
The suspension had to be raised to meet new pedestrian safety standards. This ruined the handling.
They couldn’t get the engine they really wanted (a Mazda rotary) and had to go with a GM piston engine instead. Then, new US emissions standards hit and it had to be downrated to meet those. EU models were better, though engine design in general was kinda in the shitter around this time.
People think it’s heavy because of the stainless steel, but those are thin panels over fiberglass. Its weight is in the same ballpark as what Ferrari was putting out at the time.
The first alternator they used did not have enough power for all the accessories to be on at once. People got stranded at night because of this, including Johnny Carson (who was an early investor). These were upgraded later.
Then there’s some manufacturing difficulties. The early models have creases embedded on each side of the hood. Forming the stainless steel that way often broke it at the factory. Later models have a completely flat hood.
As the company’s finances dwindled, DeLorean himself was caught in an FBI sting operation where he was accused of selling drugs to try to keep the company afloat. This ended up being a setup by the FBI–with Larry Flynt coming to the rescue, of all people–but it plunged the company’s reputation even more.
It was a shitty time to make a sports car. Lots of stuff happening at once that made them bad at what they are. Make it 5 years earlier or 5 years later and it’s an entirely different story. Even that might be generous; 1980s sports cars are known more for their angular looks than actual driving ability. It wouldn’t be until the 1990s that companies started to figure out how to work within the new regulations. Then you get legendary bangers again like the Supra MkIV.
It wasn’t hated. It just wasn’t a good car.
You misspelled Mandalorian
Looper, right? /s
Like an iconic vehicle they make movies about?
A colossal failure that’s only remembered as a joke.
The DeLorean was 95% of the way to a brilliant car. The last 5% killed it with a combination of bad market timing and a few questionable parts selections. Most of those issues had been worked out after the first 3000 units, but the company’s reputation was in the shitter by then.
The FBI sting was a complete hoax.
There is no saving the Cybertruck. It’s poorly built, ugly, and comes from a company run by a narcissist.
Yes, let the hate flow through you, young Padawan.
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Well, it is iconic and will be used as a metaphor years from now when people start making movies of this era.
More probably the Edsel or Yugo, but with the quality of a Lada.
Well, the production of the cybertruck certianly smashed the delorean.
Womp womp. Glued together piece of scrap plastic
Expect another round of " incendiary device" burned down our “trucks”.
Insurance investigators may yet bring us some justice.
The whole internet seems happy about the “people” burning Teslas in protest. I am pretty sure they were all insured and given the terrible sales figures… please guess who is benefitting the most of that burning?
Insurance doesn’t usually cover “acts of terrorism” so it will be funny if that’s how it gets classified.
Probably they will blame it to “Battery quality/integrity”
If they did, wouldn’t that make the cars much more expensive to insure?
Having to make a ton of insurance claims is not a good thing.
Eventually you become uninsurable, which is a lot harder to overcome than a sales slump.
This comment has no logic… yes, maybe Tesla itself is not at a loss due to vandalism here but insurance companies would drop either Tesla (the company) as a client or deny insurance to people buying Swasticars which would make the sales slump into a sales halt
This is really bad for Tesla either way if you are willing to look 1 mm beyond
You are right, but there probably is a “safe” number of Teslas that can burn, before insurance companies drop Tesla (or increase insurance prices to make it unprofitable).
Insurance frauds, if not caught, tend to be profitable.
Edit: I just want to add that I do not have any personal experience with insurance frauds… It’s just my little conspiracy theory… I won’t respond anymore, must go and make my first tinfoil cap.
Insurance companies? You realize insurance isn’t free right?
I mean Tesla. Just imagine, you have a lot of unsold cars and no hope that people will rush to buy them. If you lower the price, you will admit to shareholders that it’s not going well and maybe your company is not worth more than the next eight biggest car manufacturers combined… So you can’t lower the price, at least not enough to sell all those cars, they all take space, need some maintenance, slowly rust and lose value… Or they can just burn, and you can claim that it was all because of those far left terr… Right, someone mentioned that insurance doesn’t cover terrorism, so it’s all because of those damn leftist hooligans. You would probably sold all of them, but they were destroyed. Pinky promise.
And the quarterly policy renewal goes up… a lot.
I mean sure, he could run uninsured… but then he eats the loss now.
I don’t know what insurance rules look like when you are a billion dollar business, but I would assume they have a much better negotiating position.
I’m not saying that the renewal cost won’t go up, but I assume it won’t go up as fast and as steep as it would for us poor people.
You get better insurance rates as a large business because you have more collateral and have a larger contract. If it gets the insurance company more net money to give you a lower rate per item insured, they want that extra bit of income. Rather, the person signing the deal wants that extra bit of commission on a large contract.
If what you’re insuring costs more than the contract value, they’ll 100% hike rates to make up for it.
They’re in the business of betting that they’ll make a lot of profit while you bet they’ll only make a little profit. It doesn’t matter how much money you have, they’ll always arrange the numbers so that their worst case scenario is minimal profit.There’s no amount of money you can pay someone to lose money on a deal.
They do, but it’s not infinite lmao, insurance companies will either charge out the ass, or drop them regardless.
I work at a very large company and you’d be surprised how many of the inconsequential or seemingly silly decisions made are rooted in insurance coverage.
So you think the story “we can’t sell cars because half burn in the dealer and the other half won’t be touch by people in fear” is actually going to go well with shareholders?
Your car insurance doesn’t cover terrorism but I’d be surprised if a car dealership or Tesla have that same clause. You are very unlikely to be the victim of a terrorist but because Tesla is a big company their insurance provider probably covers intentional damages by a third-party.
Insurance fraud is really hard to hide, that’s the first thing insurance companies investigate, particularly if the claimant is a car dealership. This has been a popular criminal activity for decades, my uncle used to pull this scam with his motorcycle club, they all got caught.
It’s kinda dumb that people are burning EVs… vandalize them all you want but burning that gigantic battery can’t be good…
Insurance isn’t going to pay out it’s $700 billion market cap. If this keeps up, Tesla the company won’t exist any longer.
Insurance companies raised rates on teslas
Maybe but it is up 17% right now. Are investors really this stupid?
This relates to the “zigzagging spikyness” you often see with the stock market. Each time a stock falls, many people are going to ask themselves “Hey, do I think that other people are wrong about this property being worthless? Maybe this is a good chance to buy, before they bounce back.”
There’s a mental appeal to the middle, it’s just a question of what the correct “middle” is. That’s also why many investors were cautioning people against selling during Trump’s week-long tariffs (of course, if you believe the USA is on its last legs, that may be a good idea). You’re probably seeing those purchases from those that feel the Tesla Takedowns will run out of steam, which is why it’s important to keep them up.
How do you think previous recessions happened? They are gambling with other people their money.
Are these pieces of junk for sale anywhere outside of Trumpistan? I travel all over the EU for work constantly and I’ve never see one over here, ever.
I don’t think they’re legal in EU, couldn’t pass the safety tests.
Makes sense.
Last I heard, sales were down 94% in Germany, so that means they are, technically, for sale in Germany. I think they’re very different than American ones though
Teslas are. Not Cybertrucks.
Ah, that makes sense.
they tend to fall apart
Cybertrucks aren’t street legal in stock configuration in Czechia, however I’ve seen one idiot on Facebook who bought one and paid about the same as the car on top of it to make it street legal. It looks even dumber lol.
Find pictures and share, please. I want to gaze at the monstrousity and laugh with schadenfreude.
He managed to make it even uglier.
It’s like sprinkling glitter on a turd, it’s still a turd.
Except, it isn’t glitter. It’s more like puking on a turd.
https://www.instagram.com/cybertruckvcesku/feed/
The whole profile is pure insanity.
The cybertruck doesn’t pass a multitude of safety regulations. And is therefore not street legal in the EU. But there are ways around that by directly importing it from the US. The Dodge Ram is not street legal in the EU either but has been making use of an importing loophole to get on the streets.
I’ve never seen one in Australia. They don’t meet the ADR (Australian Design Rules) so they literally cannot be sold except for use on private land - a farmer could drive one around their field if they so desired. When asked about international sales Musk said he didn’t want to design it for a global market because that would “make the design worse” which is really saying something.
This article is from last year but still applicable. Given sales and events since then I think the title can be updated from “any time soon” to “ever”, and that warms my heart a little. https://www.drive.com.au/news/why-tesla-cybertruck-not-coming-australia/
So glad we don’t have the cyberfuck in Australia, the stupid massive pickups are bad enough.
EU banned them from the steets, as they arnt safe i believe, it doesnt follow thier regulations.
Well, not banned explicitly, they just didn’t pass the safety regulations all vehicles must adhere to. Main issue is pedestrian safety, due to the sharp edges of the panels.
The UK won’t allow them at all. Recently, someone imported one elsewhere in Europe. When they brought it to the UK, it got seized as dangerous. Even though it wasn’t even UK registered. I believe several other countries view it in the same light.
I’d actually be surprised if they even fit on a lot of European roads.
I’d actually be surprised if they even fit on a lot of European roads.
Tbf that applies to a lot of the newer SUVs.
I see entirely too many of these pieces of shit in Vancouver.
They are all over the place in Norway.
Saw one in Canada
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In a few decades we’ll get a new Back to the Future movie.
Doc, you made a time machine, out of a cybertruck?
If this baby hits 88mph you’re gonna see some serious shit…fall off.
They haven’t moved for months at the Gilroy Ca dealership. There’s been a line of about 20. That I bet have gone fully dead from their hazard lights going off endlessly. I wouldn’t touch those with a 20ft pole. If I ever get an EV I’ll just get the Mustang. Since I own a Mustang. Keep it in the family.
I’m not interested in a Mustang, but I am interested in doing an EV conversion at some point. I do appreciate that Ford is selling the Mustang EV transaxle as a crate engine.
I had not heard of this. I’ll have to look into it.
Wonderful!
ioniq 5, ive seen that alot.
Have they tried covering them in garlic?
Garlic is always the answer.
To cover the stench?
If I ever get an EV I’ll just get the Mustang.
That’s not a real Mustang, is it?
No. Not at all. But it’s not a bad vehicle either.
lol
The potential for multiple insurance scams is huge. I’ve seen 3 in the wild and no fucking thanks.
<giggle>
