Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing.
Big declines in TSLA profitability this past quarter.
Tesla wasn't first but they were the only ones to really break through, finally, and make EVs viable. So many failed attempts by others up to that point. Getting past the fossil fuel mentality and industry pressures was never a given.
"The pay deal is structured to deliver several rounds of stock options that will allow Musk to buy about 304 million shares of Tesla stock. Musk is able to receive each round of options after the company hits certain milestones — such as when Tesla reached a market value of $100 billion, and then at every $50 billion mark beyond that. (Currently, Tesla's market cap is about $580 billion.)"
Never forget he littered space with a Tesla roadster:
“Researchers had already looked into the chances of the car impacting Earth some day, and calculated the odds at just 6% within a million years. The team also worked out that the Roadster will make a close(ish) encounter with Earth in 2091 when it will come within a couple hundred thousand miles (a few hundred thousand kilometers) of the planet where it was made.”
They also don't have any affordable vehicles, and are also a shitty company.
Tesla offers a lot of value for money in the EV space. Nobody else comes close. Unfortunately that means dealing with Musk, and I'll be waiting a few years to buy the wife an EV, maybe everyone else will catch up.
I'm interested when the model 2 hits.. Though I wish we'd relax tariffs on Chinese vehicles.. Maybe a tiered system where vehicles under 20k get no tariffs, then it goes up from there
They have competition in the US now. KIA and Hyundai are the number one sellers in the past few months. The Ionic 5 is was the best selling EV in the US in Q2, for instance.