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?
The entire EV industry in currently plummeting. They’ll rebound.
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
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!
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.
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.
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.
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
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.
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.
How long before he burns it all down to collect insurance?
I bought stocks at 170 and sold a few days ago at like 150. Would not recommend.
If the report is bad, Tesla will probably be back at 110.
Puts are where it’s at anyway. Hard to predict good moves… easy to see dumb ones that will hurt shortly after they are made.
Not with tesla, shit has been irrational for a decade now. Who knows how long the techbro elonsuckers will keep the price inflated
I tried that with them a couple times when it was obviously overvalued years ago. Damned thing just kept going up.
I’m sorry for your loss.
It’s alright, it’s part of the game. If we knew how the stock would move, we would all be millionaires.
Just curious; why individual stocks rather than index funds? Is it just the gambling aspect of it i.e. chance of a quick win or is there something more to it?
Chance of quick win. Individual stocks can move 5-10% in a day and index funds move much more slowly.
But yeah everyone says it’s almost impossible to beat index funds long term.
Index funds are one of the best places to put your investments but a stock like Tesla can make for some quick wins (or losses). I suppose maybe I also treat it like gambling except with true gambling you can’t beat the house but with stocks you can. It is all about the timing though and no real way to predict it reliably
But we see they sold yesterday at $150 whereas right now it’s $161. If your gamble was to buy on yesterday’s downturn and decided to sell today, you would have made $11/share. You can’t beat that with index funds (however the actual trade is a loss showing why index funds is a better choice for long term or for money you can’t afford to lose
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.
“Self-driving-ish” 😂
cruise control with a higher fatality rate
I’m stealing this… way too funny
There’s literally one single death linked to FSD and even in that case the driver was drunk.
That’s what happens the system disengages before the accident so then it’s on the driver not FSD
I thought Congress reacted to this by passing a law that states a self-driving system is at least partially responsible if it was in use up to something like 30 seconds before a crash…
lmao that’s hilarious. Oh shit, i’m about to run that guy over, I abdicate all responsibility and it’s your fault! Criminals everywhere are taking notes.
That’s interesting if it really is so and it’s skewing the numbers. That however doesn’t mean that it’s then less safe than average human driver. I think there’s a good chance it already is much better or for the very least soon will be. Not perfect, but really good.
Bro, it’s ACC + lane centering, fucking Hyundai has a better system, it’s not full self driving.
Maybe it’s gonna be better than American drivers, not European ones
You should perhaps see some videos of FSD V12 in action and hear reviews from users. You might be basing your opinion on outdated info.
Booze cruise control.
Must be hard on the idiots who paid full price.
Because what you really want is a car that specifically dependent on long term software updates, and frequently the target of product recalls, from a company in financial freefall.
