Tesla’s profits sink as the company struggles with cooling demand
Tesla’s profits sink as the company struggles with cooling demand
Tesla’s profits were once the envy of the auto industry.
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?!
Put gas tanks on Teslas so they can hold gasoline, and the driver can buy gasoline, but it's not actually burned in the operation of the car. Only if the battery catches fire and the whole thing explodes.
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:
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.
The guy deserves all sorts of crap for the way he runs his mouth (and so do we all for putting him on that pedestal), but come on ….
Since 2019
- incorporates a heat pump for the first time
- new batteries
- gigacasting
- new factories and huge scale up
- pushed NACS as the new charger standard
Sure the vehicles look similar but there’s still huge innovation …… except that Cybertruck. If ever there was a good time for them to just let something drop to obscurity, it would be when that had so much trouble and Rivian and Ford beat them to release
Personally I'm not buying a Tesla because I want a car that I can actually be fixed occasionally
There's always a way. You might have to buy used parts, but there's always a way. I'm not buying one because musk is a fuck.
A fuck stick, a Musk stick, A stick to fuck, I'm fucking sick, Musk suck a dick.
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.
I wonder if Bill Gates still has more Tesla shorts.
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 🫏🕳️
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.
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.”
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.
I mean, yeah, tony stark is an asshole. Bruce Wayne could do more for Gotham than Batman ever could. Elon IS like them - he only wants to do anything good (or anything at all) if it brings a spotlight to them
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.
Yeah, that's the unnerving part. If he just understood when to STFU and take an L, he could still have the reputation of a savior of humanity.
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.
I love what he did with Tesla to get it going. That was pretty amazing.
Now he is more of a boat anchor for the brand.
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.
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.
seems to think he can do whatever he wants with OTA updates.
Maybe, and face lawsuits left and right. So far the effect of this has been overwhelmingly positive. This is the first car I’ve had where bug fixes might actually happen, where I have gotten new feature after I bought it, where (some) recalls just happen without any effort from me.
- Did you try it? Some people seem to like it. I dunno, haven’t tried it
- That’s only on new model 3 since last fall. Other models don’t do that, nor do older ones
I already can't hit the song selection forward/backward button consistently while the wheel is turned. Especially in a roundabout where I always indicate on exit. I don't have to try it, steering wheel buttons for driving functions fucking suck.
Once again, the Simpsons predicted it.
The only difference is, Homer's brother was super likable and I felt bad about Homer fucking his car company 🙁
Muskrat on the other hand is a piece of shit.
Wasn't that episode based on a real story from some company?
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
They're neat, If it weren't for Musk I'd buy one tomorrow.
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!
The cybertruck looks like something a 5 yo mocked up with crayons.
It has (heavy) stainless exterior panels without a clear coat causing it to need frequent washing or risk rapid deterioration.
The entire Tesla production chain has issues with quality control. Full self driving is just a euphemism for lane assist, adaptive cruise control and a handful of other features and is illegal to operate in most states, (AFIK very few states have allowed it,)
Oh and their CEO is a rich frat boy and also probably the one with the crayons.
The cybertruck looks like something a 5 yo mocked up with crayons.
I need to dig up my first grade notebooks.. I'm pretty sure I can claim to have designed the Cybertruck in 1983.
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.
Yeah, I don’t think most legacy manufacturers can really compete yet and the US ones are backtracking themselves out of the market segment. Chinese manufacturers are a much bigger threat - who would have expected BYD to out-Tesla Tesla and come on stage so big so fast. Here in the US , politicians are trying to set up protectionist barriers but I’m not confident they’ll succeed
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.
Why can't they just make normal good electric cars. Why did they make a weird steel thing that isn't even road legal on half the planet?
Just make a normal car for god's sake.
I think GM tried with the Chevy Bolt. It was the cheapest EV with good range, (265 miles/426km), with a base model available for under $30,000US. Despite the early battery issues that DID get fixed, No one bought it. Chevy does kind of say they would be willing to bring it back with their new Ultium battery. But I'm not holding my breath.
The biggest problem with EVs is the purchase price. They cost far too much to buy. And there is not much of a market for used ones.
Didn't Elon play an important role in its design?
I have no idea I don't pay any attention to him anymore but it would explain a lot.
Elonmobile
Guess it's a good thing that multi billion dollar payout to Musk got cancelled
He’s trying again.
This is the best summary I could come up with:
Tesla reported its first quarter earnings during an incredibly shaky moment for the company in which sales numbers and the stock price have both fallen.
Earlier this week, the company approved its latest price cuts for the US, China, and Germany — all major markets for the EV maker.
Musk reportedly delayed the project, preferring to go “balls to the wall” on Tesla’s forthcoming robotaxi, which is expected to debut in August.
In the shareholder note, Tesla made no direct reference to the Model 2 but said it’s focused on leveraging its existing manufacturing footprint to “introduce new and more affordable products.”
“We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025,” the company states.
Earlier this year, Tesla reported lackluster sales numbers in a sign that cooling demand for EVs and rising competition were taking their toll on the company.
The original article contains 551 words, the summary contains 159 words. Saved 71%. I'm a bot and I'm open source!
Couldn't have happened to a nicer man baby.
Yeah awakenings can be rude quite often
Why would they want to cool demand? Anyways, they are doing a pretty good job at it, even if it's a struggle. /s
No wonder when their new car looks is ripped from some (very) low poly game. Cybertrucks are soooo ridiculous in every aspect.
Yeah Tesla is definitely struggling. Hard times for Tesla Motors.
If you don't drive it, it doesn't overheat. Tier 1 solution.
No Tesla for meeeeeeee!
What a ridiculous title! No one buys cooling from Tesla ever since the sugar got stuck in my teeth so I had to brush the heck out of thems that can't do, teach.