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
Setting aside anything related to Musk, Tesla really doesn’t seem to be staying competitive.
Cybertruck (and the “indestructible” window press conference) is probably the easiest example. Years of attempted hype that haven’t paid off in a meaningful manner, while rivals have been releasing in-class competition. Anyone can see that’s a problem.
Tesla cars used to be pretty revolutionary, now they’re in an entirely different era that’s filling with exciting EV alternatives around every corner. Yet Tesla style still looks the same. The shoddy construction is still around and becoming more widespread knowledge. They’re failing to attract their target audience due to a long series of missteps. More problems.
Not to mention that Tesla was downright overpriced at its height. It’s a fraction of the volume yet made other automaker valuations look minuscule. The logic for that was never there.
Cybertruck is a symptom of poor leadership. Maybe after it flops, Tesla will clean house.
Musk only owns about 14% of Tesla. The other stockholders should clean house of the board and CEO.
While I agree Cybertruck may have jumped the shark, I recently noticed …. After years of GM saying cylindrical batteries are not practical and pouch batteries are the only way to go, and Ultium is more advanced than anything Tesla has …. They’re redesigning EV models early to switch to cylindrical batteries like Tesla
The only reason GM (and others) tried to tout pouch cells is because there was a complete lack of cylindrical production capacity available. Tesla was using it all.
What are you going to do, say we’d rather use these other batteries but we can’t, so here you go?
I am ecstatic that most of the major manufactures have finally decided to transition to prismatic and/or cylindrical.
I wouldn’t even be surprised if regulations one day prevent use of pouch cells for automotive purposes.
Have they even released that damn truck? It’s been years and I haven’t seen one while the s,3,x, and Ys are everywhere when I go to work
Nope. First production one completed in July, nearly four years after the first press release. Supposedly customer deliveries at some point of Q3 2023, which is basically down to a month left.
Good luck with this post. This sub is the worst now. Trolls all over the place, downvoting facts and just flat out lying.
What exciting EV alternative can I buy right now for the same price as the model 3, that offers everything Tesla does?
Ioniq 5, more expensive, no supercharger network. Mach E, more expensive, no supercharger network (yet). BMW i4, more expensive, no supercharger network. EV6, more expensive, no supercharger network.
I honestly don’t get where people get their information from and just pull shit out of their ass. If you want a new EV with fast charging, you can’t beat a model 3.
Let me add a little bit more context. Tesla can’t even meet their current demand. Currently, no automaker can. They are all battery constrained. Everyone is rushing to build plants and mines, just to scale up. The demand for EVs is there, but no one is building more because the batteries aren’t available.
Not competitive, lol. They sell more EVs than anyone. Almost 1/4 million a quarter.
They have a massive head start, but that will not last.
BYD is not far behind them and VW is closing fast. 2022 EV volumes
Who else has hands free driving on local roads?
Mercedes for example - and it works better than Tesla’s on shitty roads.
Mercedes for example has two cars that just launched FSD this year. Vs Tesla who has 4 cars that can do autopilot for 3 years or more. Again I’m not trying to say Tesla is the best car, I’m trying to say they have differntiated features that few, if not any companies have had over the years, and yea that does not excuse their CEO from being a total douche.
Mercedes for example has two cars that just launched FSD this year on local roads. Vs Tesla who has 4 cars that can do autopilot for 3 years or more on local roads. Again I’m not trying to say Tesla is the best car, I’m trying to say they have differntiated features that few, if not any companies have had over the years, and yea that does not excuse their CEO from being a total douche.
Exactly. So many of the naysayers haven’t used fsd first hand, so they don’t know how close they are to solving a huge problem. And no one else is really even trying anymore. Ask a graduating senior in IT or robotics where they dream of working and it’s Tesla.
If you’re using FSD without your hands, you’re not doing what you’re explicitly supposed to be doing.
So basically you’re saying that so many of the naysayers haven’t used FSD the wrong (and dangerous) way.
I’m using drive assist without my feet, I can keep my pinky on the wheel and give it the slightest pressure every few minutes when prompted. This is a God send in stop and go city traffic. I used to have super high stress in traffic every day, now I let the Tesla do all the stop and go braking/keeping distance/keeping center and it’s way less stressful. I know other manufacturers have drive assist but I’ve driven my siblings BMWs Mercedes Maseratis Jaguars Land Rovers and (unless you’ve got a 2024 Mercedes) none of them are as easy to use as Tesla.
I fucking hate Elon musk by the way, and I’m not a Tesla fanboy, I they do a lot of anti consumer bullshit. I just think to over correct and say the cars have nothing better to offer vs competitors is disingenuous
Again, that’s not how you’re supposed to use it.
Again, that still differentiates this company vs any other car. The entire argument we’re having is that they don’t do anything different than anyone else.
Such a remarkably overvalued company. I’d be surprised if it’s still around in a few decades. Feels like they’re the MySpace of today - they’re big and have first mover advantage but have nothing interesting down the line and newer companies will and are supplanting it.
Nothing interesting? They’ve got the Cybertruck!
Not good. But interesting.
People have been saying this for years now. This site is something else. Top posts related to climate change while at the same time bashing Tesla, the number one producer of EVs and arguably the reason why all automakers are now making the transition to clean energy. All of this because the CEO is a fucking horrible person. Guess what? Almost every product you have in your home or have ever used came from a company that had a terrible human being as their CEO. Tesla’s sales have been growing each year. They’re building a new plant in Mexico. A few decades? So, 30 years from now? Wow, what a ballsy prediction. /s You could, literally, insert any company’s name in there. If climate change goes as predicted, Tesla being around will be the least of everyone’s worries.
They’re building a new plant in Mexico.
That’s what will really take the comparative stock price of actual automakers into the stratosphere with Tesla you guys, a fucking factory in Mexico. How could Ford or Hyundai match having a factory in Mexico?!
Lol, the last Ford I bought (shit car btw) was built in Mexico. Tell me again why Tesla has 20x the market cap of Ford because it surely ain’t factories in Mexico.
Also, let’s not have the government bail musk out this time. Sick of subsidizing this nazi cunts bullshit shit box car brand.
Jeez I can understand not liking a billionaire and their product, but are you okay?
I saw no false statements here.
Why do you ask that? Whenever Musk gets mentioned (or any billionaire for that matter) similar words immediately spring to mind. Most people I know also feel this way too. Are YOU ok for not feeling this way?
I guess I’m just out of the loop. The most I know about musk is his ridiculous Twitter changes, naming his child aex12 or some crap like that, and shady EV range stuff. Can definitely see why people are saying he’s scum, but why is he being called a Nazi?
His indifference to the apartheid ontop of bragging about the family’s emerald mine (which hints at his emotional detachment from issues like genocide), reopening a Tesla factory in violation of health orders directly attributed to 450 covid cases, and his penchant for terminating people over opinions. Between the way he almost advocates for business priorities over basic human rights and his blatant fascism, some of his behaviors align with the hubris and fanaticism the Nazi party was known for. Cracking down on dissent, attempting to direct the flow of information, it’s almost as if we see how a modern Joseph Goebbels acts if he inherited the wealth of an apartheid emerald mine and pushed his own radical agendas with no regard for human life.
While Elon may not be as extreme as some of the worst people of the Nazi party, as in he didn’t throw millions of people in gas chambers, he seems to behave in a way that indicates he would do so without flinching or questioning it, if it continued to make a shit ton of money.
I usually think a lot of comments on here are over the top, but this one wasn’t that bad. Big companies get subsidies way too often.
I’m sad. Hug me?
Spotted the bootlicker
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)
It was never worth the stupid value it was pumped up to. Why do you think Elon has been dumping so much of it.
They went to the stock chart, picked the latest peak, and wrote the article of doom. It’s down 20% a year ago, but up 20% for the last 6 months, and up 119% YTD.
Not that Tesla doesn’t have its ills or seems to be stagnating, but picking points in a chart is a feeble argument.
That 119% is based on the lower peak you cherry picked, you just did exactly what you complained the article did.
No… TSLA was at 108.10 on 1/3. TSLA closed today at 236.86.
So from the beginning of the year to today (meaning year to date), the stock price is up by 119%. That’s not an arbitrary measurement. YTD is used all the time.
And so is using the value at the same date last year. Both are really commonly used but display a really different picture.
Cherry picking is not even about if it’s commonly used or not, it’s about using a specific data point to convey the message you want to.
A random time at a one year point isn’t commonly used. You compare starts and finishes of quarters YOY, not a random Tuesday YOY
1 year charts are really common and use the first/last comparison as well as the 52 weeks range.
YTD is a pretty common way to look at stocks and isn’t really cherry picking
To put this in perspective, Tesla’s stock price has still more than doubled since the beginning of the year. They’re doing just fine.
The past few weeks have been rough across the market. I suspect the reemergence of COVID has played a factor.
Anyone who actually follows the market knows it doesn’t follow logic and doesn’t actually represent the health of the company or the economy.
How about since their ATH?
Oh… It’s at a 43% bargain.
52 weeks high? Yep, still a bargain!
Nah, they’re not doing fine.
Apparently not since the big investors are getting out/reducing investment.
200 b-b-b-b-billion…!
Still up 1,000% over 5 years…plenty of room to fall
When are they going to kick Elon out? How much money do they have to lose before this happens?
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