Comment on Robinhood admits it’s just a gambling app.
Spiralvortexisalie@lemmy.world 2 months ago
All these copium defend the market takes, you telling me Tesla, a failed venture living off government subsidies, is worth 16x more than the hundred year old Ford that actually makes a profit without fraud?
Ford are up to their eyeballs in debt, and they completely gave up on making affordable cars, which is the market segment that made Ford what they are in the first place.
Tesla actually makes vehicles normal people can afford to buy and run, so yes, they are worth more than Ford.
People can’t afford Ford anymore
Reality, in which the ford f series is the most sold vehicle for the past 42 years
Pick one
Ford is moving its prices upwards because people want and pay for what they’re offering, very clearly given the statistics we have. Also to say that tesla is the brand regular people can afford when both brands have ev trucks and one has a starting msrp almost 30k more than the other is kinda hilarious.
Lastly, ford has a vehicle with an msrp of 23,920 while the lowest priced tesla vehicle is 38,890 dollars. Even taking gas savings over 5 years into account, ($4,223 if you happen to live near my area and drive about 10k miles per year) the tesla is significantly more expensive. Clearly, tesla is not the company concerned with the common man. To make that point even more clear though, one needs only to compare tesla to the Korean and Chinese EVs that are being offered at significantly lower prices.
Talking about affordable cars, and then going on about F series trucks, is pretty out of touch.
And I’m not sure what vehicles they sell where you live, but they’ve stopped selling the Mondeo, focus, and Fiesta, the smallest brand new Ford you can buy near me is a mustang.
Maverick.
According to the American consumer, they are affordable, or else they wouldn’t be the most popular new car.
Also, you were the one that brought up affordability.
I drive a 90s volvo and you can pry it from my cold dead hands. I have no intention of buying a new vehicle any time soon. It has nothing to do with me being out of touch and everything to do with statistics concerning vehicle sales.
Afford to buy Teslas?
What?
They did slash prices on the older models. Heard some guys talking about how they bought model 3s or something at 60k and they cut it to 30.
I’ve heard cyber trucks got way cheaper too.
Tesla’s suck dude. Shut up.
The whole point of this response is that a Tesla is not more affordable for most normal people because what they can purchase is influenced by initial buy in costs/their own budgets at purchase:
Most “normal people” have less than $1K in savings. A model 3 is baseline around $40K plus the infrastructure of chargers you will probably need installed to charge it.
A ford’s cheapest vehicle is a Bronco Sport or Escape starting at 29K.
Even with high credit scores, you’re talking at least ~$500 monthly payments even with something like 7K down. I know this because I purchased a new vehicle for about 30K within the past 6 months and my credit score was 815 at the time of purchase.
You have to remember that long term affordability doesn’t matter. Up front costs are influencing most “normal people” purchases because what you can afford NOW is what you can afford. There’s a reason subscription services see monthly or quarterly as their biggest buy-ins because cheaper up front costs mean more to the consumer who has to invest in the NOW despite the over time being a better deal.
A Ford Bronco Sport or Escape
I can’t buy either of those where I live, by the way.
Then you certainly couldn’t buy a Tesla either which is more out of your price range. That’s the point of my response.
a failed venture
Bruh wut.
living off government subsidies
Are you referring to the consumer incentives to buy electric? Not only are these ending, but they’re some of the least hinky government subsidies of business in the economy, because they go direct to the consumer. Have you seen what our government does for corn farmers and big oil? Oh right, corn and oil: those other “failed ventures” LOL
Tesla, a failed venture living off government subsidies
It’s not a failed venture precisely because it lives off government money. Show me a Fortune 500 company and I’ll show you a large stream of public sector receipts.
realharo@lemm.ee 2 months ago
Tesla stock prices in the expectation that they’ll have robotaxi services and general purpose robots in the near future. And also that they will be leaders in these fields, ahead of the competition.
How likely/unlikely that is to happen is debatable, but that’s why some people are valuing the company so high right now.
Blackmist@feddit.uk 2 months ago
It’s also why he’s hanging it all on Trump right now.
That’s what he’s after - the complete deregulation of self-driving safety standards in the US.
technocrit@lemmy.dbzer0.com 2 months ago
Hi-tech tulips.
SkyezOpen@lemmy.world 2 months ago
What? The stock took a huge hit after that reveal. It’s a cult of personality.
hasnt_seen_goonies@lemmy.world 2 months ago
Yeah, because the market went from having the opinion of “I’m 80% sure that Tesla is going to do this robo taxi, automaton thing” to " I’m 65% sure that Tesla is going to do this robotaxi, automaton thing". Things are rarely all or nothing with the market.
SkyezOpen@lemmy.world 2 months ago
I’m 80% sure he’s going to do it, and 100% sure it’ll be a disaster if he does.
LANIK2000@lemmy.world 2 months ago
“Debatable” is a heavy stretch for someone with a 0% track record when it comes to promised tech while repeating “we can do it NOW and it will be available NEXT YEAR!” for a literal decade. Robo taxies were supposed to be EVERYWHERE 4 years ago. Same with SpaceX, we were supposed to be sending the first people to mars this year, yet all Elon has managed was burn 3 bilion tax payer dollars for literal fireworks, as not a single “starship” managed to reach high orbit. Even the cybertruck is a cheap knockoff of what was promised. Not to mention the countless people that have died because he’s allowed to beta test his death machines in public. Can’t forget his starlink shenanigans in Ukraine, fucking warlord wannabe… Elon is the greatest scam artist in modern history, and it’s absolutely disgraceful that he isn’t behind bars, let alone valued at all.