Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.
maybe they should focus on making a decent product instead of manufacturing bs
Well Musk is spending most of his time breaking Xitter lately so maybe the Tesla guys can get some good stuff done while he’s distracted.
The products are decent. Just that there are a lot more competitions that make much better cars.
Teslas are the most recalled vehicles on the market.
over the course of 30 years*. people rarely keep cars for that long, let alone an EV. by year 10 most EVs will be clapped as fuck you might just have to sell it for scrap metal
fact is Teslas still represent good value if you’re just after a base Model Y and 3. they’re are OK, average, decent.
fit and finish is far from German counterparts but if you don’t care, and don’t want a Chinese EV either you’re left with Tesla.
Well, I’d say the value of the Tesla isn’t the car at all, it’s in being the first to popularize Evs, the brand they’ve built, and in the recharging network they’ve built.
As far as the cars go theres just too many reported problems. Take the above things away and you’re left with just an ok car. Why would you invest all that money in something that’s just ok, especially when you can go to the nearest competitor who not only has way more money and experience in the industry but can produce a cheaper more reliable product. Not to mention the fact that they have the dealerships across the country to handle their vehicles and perform maintenance.
Where tesla shined really was in how the brand became associated with success and quality, and in how large a recharging network they built. Nobody else has come close to achieving either. With musk acting like a dumbass they’ve lost the it factor. Should have been obvious with the cyber truck. Elon basically acted out that episode of the simpsons where homer bankrupts his brothers car company by designing a hilariously bad car. They do still have the charging network, and I think that value cannot be understated, but in 10 years ev charging will become ubiquitous and that won’t matter.
Tesla was at its peak when musk mostly shut the fuck up and pretended to be the ambitious billionaire genius focused on the betterment of humanity.
Now it’s clear that space Karen was little more than a guy who got extremely lucky in the early dot com days and amassed an insane fortune. Strip elon of his wealth and ask him to do it again and he would never be able to.
It’s sad too, I wanted to get a Tesla but now there’s just no way. Not when Space Karen can just auto install some update that requires I pay a subscription to use the ac. Fuck that shit, too unreliable.
The moment those Chinese EV startups enter the US market, Tesla will be in real trouble if they don’t have their product quality image problem fixed by then.
It’ll be like Detroit’s Big 3 automakers tanking when small fuel efficient Japanese cars landed in the 70s oil crisis.
Assuming those Chinese EV companies don’t have their own quality problems…
Good, the MAGA car company should lose value.
Who would have thought your brand would tank if you go full send on being a absolute douche bag. Almost like there is consequences for you actions… Something these ultra rich assholes never face.
Teslas are boring. There are only 4 of them and they all look the same. (And the cybertruck is an abomination, sorry if you’re going to buy one; good luck surviving all the steel balls people will be throwing at you)
Nobody is going to buy a cyber truck because they will never be mass produced
What a stupid take, but par for the r/technology course.
EDIT: The steel ball thing was terrible optics, granted, but that was also, like, the 5th time that ball was thrown at the window. Bullet-proof glass still spiderwebs when hit. Get over it.
No, they dropped steel balls onto separate glass pulled to the side, which didn’t break, then they decided to hurl steel balls at the prototype they had on stage. It broke the glass, twice. It’s on video, y’know?
but par doe the r/technology course.
Do you even know where you are?
Yep, r/tech… er… c/technology. Same thing.
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Don’t worry Tesla owners, this guy’s better than you and all along knew that he should be buying hummers.
This smugness from basement dwellers is flat out embarassing.
thoughts and prayers
I SAID THOUGHS… AND… PRAYERSSSSS!!
I see so much hate toward Tesla in this post and I assume it’s mostly because of Musk.
But at the end of the day they are still the ones selling the most EV which I still believe is a good thing.
I’d rather people buy an asshole’s EV than another polluting pick-up truck tbh. (I know EV are also creating pollution, no need to point this out ty).
The vast majority of EVs I see in the street of my french city are Tesla’s. And I see a bit more everyday. And no matter how much I despise Musk, I still appreciate the fact that tesla is helping us move forward from combustion engines.
I don’t really care if someone buys a Tesla just to show off. It’s one less combustion engine on the road.
Teslas just aren’t great EVs compared to other brands. The reason they are popular is because of marketing.
Give me a Renault EV any day.
Aren’t great how? They have some of the most efficient cars, with high charging speeds, and easily the best charging network.
As far as EVs go, they’re fantastic. Said as someone who has owned multiple EVs from different brands.
The charging network argument is getting less important in densely populated Europe, and at least here in the Netherlands. For fast charging I usually charge at Shell Recharge because it’s cheap with my card (for my boss, but small company so I try). Otherwise there’s always a Fastned, Ionity or other party. And there are so many destination chargers that I don’t really hesitate to drive anywhere. And anyway you can charge at Tesla too if there is availability I think, though for the reasons stated above I haven’t needed to.
And now other brands are coming out with loads of relatively affordable 100-150kwh+ options. At that point a cross continent vacation is still a bit of a hassle, but for daily use that’s more than enough since you mostly charge at home or at a destination anyway.
I’m surprised this isn’t just because of there being more competitors to Tesla like rivian. Tbh though I dislike cars, I just have to use them sadly.
I dont get how this is news. Teslas market cap was already higher than all the other car makers combined while only producing a fraction of the vehicles. Everyone knew that this stock wasnt a value stock. Where is the news
Maybe anecdotal but I bought a Kia EV6 over a Tesla because of Musk and CarPlay support. I know I can’t be the only one that took that into consideration.
