Off-topic, but...
it occurred to me the other day that Tesla (the actual person) has been exploited by Edison in real life. A century later his name is exploited yet again by another "genius inventor". I just feel bad for the guy.
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Off-topic, but...
it occurred to me the other day that Tesla (the actual person) has been exploited by Edison in real life. A century later his name is exploited yet again by another "genius inventor". I just feel bad for the guy.
Musk fucked around and found out.
TBF I'm pretty sure that cheap Chinese EVs are a pretty big factor here. Of course, all the nazi shit doesn't help.
Good. More please.
I need articles like this to make me feel just a slight bit of joy with all the absolute insanity going on daily in the US.
List of stuff that I can't accept from a vehicle:
Well at point one, you’ve lost Volkswagen
Mercedes and BMW both worked for Hitler, even Porsche.
Volkswagen also does subscription for heated seats
And lies about emissions.
That’s awesome to read
Means that too many people are still buying teslas though.
My friend has one. When I saw her I asked if she knew there was dog shit on her drive. She came out and asked where. Wasn't hapoy when I pointed at her tesla.
Attaboy, make her regret it every second you’re around
When she asked you if you think that was funny, did you reply with "heil no"?
Lol she didnt ask.
She just called me a dickhead
lol
I'd like to see this article's sources for the Norwegian sales number. Unfortunately, most other sources point to an about 40% increase in Tesla sales here last year. I generally like my country's adoption of evs (I'm on my third), but the fact that the muskrat keeps selling cars in norway massively bugs me :/
IIRC that was because of the legislation change? Something about luxury vehicles thing stuff cheap thing change....projections are that it'll crater this year? But I have zero sources, but that's a starting point for a search, I guess. I'm about to start watching a gig so I'll leave that someone better.
I’m sure this had nothing to do with it, yeah? Fuck the PedoNazis and the Swasticar company.

Tesla global sales by year compared to Ford and Toyota

The incredible thing isn't the slight down tick in sales last year (on par with most international car companies), but that Tesla has a market cap that exceeds both of these mega-manufacturers despite being dwarfed in both assets and revenues.
On paper, they have so much farther to fall than what these short term sales shortfalls imply. But then this is a car company that's defied gravity for a decade. Consider that each vehicle Tesla sells reflects $700k - $1M in market cap. On a $60k-$110k vehicle.
All their valuation is predicated on future predicted returns on the technology rather than current sales figures. And I don't know when that will actually change.
It's very clear that at this point, insofar as there is any logic at all to the decision making of people investing in Tesla (and there's very little evidence of that), they're evaluating it as a software company, not a car company.
This seems to be largely based on the notion that Tesla is the world leader in self-driving, and poised to become the world leader in other areas of automation. And that would, admittedly, mostly justify their very high share price, if there was literally any evidence it was true. Of course, what they actually have is a self-driving system that is only number one in fatalities caused, and a bunch of faked demos of robots made using low paid remote operators.
Tesla is easily the single best demonstration of how fucked our economic system really is. That a company can so blatantly lie, over and over, about what their products can actually do, and somehow continue to see their share price increase tells you everything you need to know about how utterly fictitious the entire notion of the stock market is.
they’re evaluating it as a software company, not a car company.
That still doesn't justify the valuation. Tesla's market cap is 3x Oracle's, ffs. It's half of a Microsoft. No software they produce can justify this valuation.
Palantir and NVIDIA have the same hyper-inflated position. Nothing in their projected revenue figures can explain their company's valuation, unless you're just hand-waving and predicting 10-20x growth over the next decade.
Tesla is easily the single best demonstration of how fucked our economic system really is. That a company can so blatantly lie, over and over, about what their products can actually do, and somehow continue to see their share price increase tells you everything you need to know about how utterly fictitious the entire notion of the stock market is.
Warren Buffet definitely gearing up to print off another deck of "Fell For It Again" awards. Only question is when they get handed out.
What? How is possible that Ford is only 4x the global volume of Tesla? In my European country I see Ford everywhere while Teslas are a rare bird.
Maybe the Chinese sales are influencing those numbers? (Ford doesn't sell as Ford in China but as a joint venture)
Maybe you just notice the Fords more because they're all monster trucks these days.
How many of those fords have been sold in only the past 2-3 years?
Hell, a lot of the "latest" models of ford (in terms of appearance) are as old as Tesla sales
I was biased by the big amount of the cheaper models that they used to sell until 2023. In the new car marketshare they crashed from 8% to 3% now that the cheapest option they're offering is 30k instead of 15k
Apparently the numbers are real, even if in the Tesla numbers there are 600k for China.
Also, I didn't notice that Ford nowadays only focuses on the premium market and sells way less units than 20 years ago, the Fords I'm seeing around are the cheaper fiesta and ka that are now discontinued
I think the 3 things Tesla has/had going for them was...
Car sales growth. The had some pretty ridiculous growth in sales for a few years there.
Captive Market. Pretty much everyone I know with a Tesla charges at home, or at a Tesla supercharger. They've got the Apple ecosystem lock in for the "fuel" you put in the car. This walled garden approach basically lets Apple print money.
Technology. FSD, autopilot, and manufacturing. Tesla presented as a very tech focused company that was dumping money into R&D similar to how Amazon built up in the early 2000s. Investors love companies that are poised to control the entire market in the future.
Pretty much all 3 of these pillars have collapsed now. Their car sales are in a huge global slump. More cars are available that can charge on other charging networks, and those charging networks get bigger and better every day. Elon's FSD is basically vaporware at this point, and the high degree of automation Tesla was touting in their factories came back to bite them in the ass.
This leads to my favorite recent quote about stocks though... "The market can remain irrational longer than you can remain solvent." Let's face it, Tesla stock is a bubble, AI is a huge bubble. The problem isn't knowing that there is a bubble, the problem is knowing when that bubble is going to burst.
One thing you're missing is that about 1/3 of Tesla's profits were from selling carbon credits to other manufacturers. That disappeared recently also.
Yaaaaaay.
Does this mean we can get the real "Tesla"s soon?
Nikola Tesla style tech, not Tesla Corporation style tech. Emanipatory tech, not rentier tech. Spaceships for everybody, not cars and rockets for the rich enough.
No? It doesn't mean that? Aw.
No worries! The stock price keeps going up, so it doesn't matter how many cars Tesla actually sells.
Their bubble is slowly leaking, and it will never inflate again. Tesla will be bankrupt in 3 years.
There are plenty of MAGA sheep, plus Teslas still seem to be super popular among the transplants from India in my area to keep the company around for a long time. SpaceX & Starlink have essentially no competition and Musk will just pivot.
Oh dear. How sad. Never mind.
My heart goes out to Musk....
I wonder has that super genius figured out it was his fault yet? Just kidding he is a narcissist. They never blame themselves for their problems.
Any company with a functional board of directors would have fired the CEO yesterday.
This is not a legitimate business. Institutional investors should be running away from this company.
I see more BYDs in my country's streets.