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Tesla posts disappointing production and sales numbers for Q2 2024 (arstechnica.com)
submitted 4 days ago by some_guy to c/enoughmuskspam@lemmy.world
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[-] Poayjay@lemmy.world 33 points 4 days ago

This is what happens when your entire customer base is the “early adapters” and you stop offering technical breakthroughs.

They were never going to be able to compete with the established automakers when they caught up. Instead of leveraging their brand, infrastructure, and technology to make an Everyman’s EV, serving a customer base that’s being ignored, they wasted all of their resources on the CEOs vanity project. Tesla is entering the death spiral.

[-] puppy@lemmy.world 27 points 4 days ago

Don't forget about alienating your early adopters with your extreme ideology who were willing to ignore all the quality control issues. They would've come to buy the second or third car if only Musk knew how to keep his mouth shut.

[-] FlyingSquid@lemmy.world 7 points 4 days ago

Look, if you add another car model, it won't spell S3XY anymore. Is that really what you want?

[-] KingThrillgore@lemmy.ml 2 points 2 days ago

Hey it's all good though, Elon got paid

[-] Kyle_The_G@lemmy.world 19 points 4 days ago

Stock up 8%, what a clown show.

[-] _sideffect@lemmy.world 7 points 4 days ago

Maybe a fake pump to get us idiots to buy stock then the original pumpers dump?

[-] Kyle_The_G@lemmy.world 7 points 4 days ago* (last edited 4 days ago)

I think tesla is in the mag 7 (Or as I like to call it the Nvidia 500) so they are just rotating pumps within a few massive companies to keep the house of cards from falling. hence the AI craze and all that nonsense.

[-] _sideffect@lemmy.world 3 points 4 days ago

Could very well be

[-] polygon6121@lemmy.world 3 points 4 days ago

They have a very strange stock movement. If we ignore that they are extremely overvalued already. They tend to always go up even on bad news as long as Elon keep up they facade by promising their future endeavors. And this latest report was spinned as better than expected (not good for a car manufacturer) and then stock rushed 10%, somehow it is taken as a proof that everyone is wrong about Tesla and now they will finally deliver on unrelated tech and be valued at multi-trillions. The stock is to high risk for me, I still have no clue what direction it will go and I need to be able to sleep at night. But I have only ever seen anything like this in companies that turned out to be fraudulent in some way. If something is to good to be true, it probably is, but also, I don't think Tesla is as bad as they are made out to be either. I will remain on the fence and follow tsla closely with alot of curiosity.

[-] _sideffect@lemmy.world 1 points 1 day ago

Its unbelievable how the market reacts to this company.

They truly believe musk is some savior for tech

[-] polygon6121@lemmy.world 1 points 22 hours ago

Yes, I mean the fact in the end is that they have only ever delivered cars and a charging system. Everything else have only ever been talked about by Elon to pump up the stock. Ok to be fair, they are trying to move into other areas but have not yet delivered on anything of real substans, then their next issue is that they have to make it profitable. The cars make a profit because they get credits from the government, but they can not assume this will be the case for every venture.

[-] LadyMeow@lemmy.blahaj.zone 2 points 4 days ago

Dd into ~~GME~~ TSLA?

[-] AmbiguousProps@lemmy.today 13 points 4 days ago* (last edited 4 days ago)

Tesla is no longer the only successful EV producer, so their practical monopoly is going away. Their business model doesn't work well with competition, and to make matters worse Musk alienated most of the people that were going to buy an EV in the first place. Maybe if Tesla had canned Musk when he leveraged his stock for Twitter they'd still be doing okay and able to handle the increased competition, but instead of focusing on that, they wanted to give him $58 billion.

Tesla deserves to fail at this point.

[-] TychoQuad@lemm.ee 6 points 4 days ago

Where’s the Model 2, Elon?

[-] Anticorp@lemmy.world 4 points 4 days ago

It doesn't disappoint me! It kinda makes me go "LOL"

[-] PP_BOY_@lemmy.world 4 points 4 days ago

Tesla posts disappointing automobiles.

[-] FlyingSquid@lemmy.world 2 points 4 days ago

Funny, I've been disappointed in Tesla for years now.

[-] towerful@programming.dev 1 points 4 days ago

That $54bn bonus will kick in any time now

this post was submitted on 02 Jul 2024
82 points (98.8% liked)

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