The big change is Chinese EVs coming into Canada. Tesla sales tanked after Heil Hitler but it’s only a matter of time before they enter the US. Tesla only made money for years selling carbon credits.
Comment on Tesla profit tanked 46% in 2025 | TechCrunch
dxgsthrr@feddit.uk 2 days ago
$TSLA fanbois always claim that only Tesla can sell EVs at a profit / with a huge margin (something like $10k per vehicle). Would be interested to see what kind of margin per vehicle they are making now that the tax credits are removed and it appears that much of the profit came from energy storage.
SaveTheTuaHawk@lemmy.ca 1 day ago
hovercat@lemmy.blahaj.zone 2 days ago
Those crazy margins lasted for like 2 quarters until it was revealed that one of the main ways they managed it was severely under allocating warranty. It was a neat trick, until vehicles actually started to come back with warranty claims and they realized they literally make the least reliable and most expensive to repair cars on the market. IIRC they were allocating like 1/3 of what Toyota does per-vehicle, which is absolutely insane given the kind of vehicles they make. Hence why they became insanely stingy with warranty claims, and you saw tons of in-warranty repairs being allocated to “goodwill” which is a distinctly different pool from warranty allocation.
The entire company is built on fraud and shell-games with SpaceX/Starlink/Boring Co. and Musk has straight up admitted as much. No one gives a shit and a judge literally ruled he’s allowed to do it because line go up.
I can rant for hours about all the insanely sketchy stuff they’ve done solely for a one quarter boost, and plenty of other stuff where their cost-cutting directly resulted in loss of life.
SaveTheTuaHawk@lemmy.ca 1 day ago
www.tesladeaths.com
forbes.com/…/tesla-again-has-the-highest-accident…
Now we know why DOGE got rid of the NTHSA.
midas22@lemmy.wtf 1 day ago
My favorite is how Tesla invested in Bitcoin in 2021 and started reported unrealized gains from its Bitcoin holdings in certain quarters when the price went up but then just omitted it for the next quarter when it was down. I believe that they have changed the laws regarding that now… if that matters.