Comment on Tesla Gets a $94 Billion Reality Check as EV Winter Sets In
makar94@lemmy.dbzer0.com 8 months agoListen, I completely agree with most of what you said until the last sentence. Tesla’s been around for long enough that they’ll survive. If by “matter of time” you mean a few decades or longer, sure, I could see someone buying them. Don’t know how long you’ve been around for, but I’ve been hearing this same thing since they went public. Yet, here we are.
Garbanzo@lemmy.world 8 months ago
How do you figure that works, and why couldn’t these guys figure it out?
Oldsmobile (1897-2004): Once a popular and innovative brand, Oldsmobile struggled in the later years with uninspiring models and eventually met its demise under General Motors.
Packard (1899-1958): Known for their luxury and craftsmanship, Packard couldn’t compete with rising costs and changing consumer preferences in the post-war era.
Studebaker (1902-1966): A pioneer in automotive design, Studebaker faced financial difficulties and ultimately lost market share to bigger players like Ford and GM.
Hudson (1909-1954): Merged with Nash to form American Motors, Hudson was known for its affordable and stylish cars, but ultimately couldn’t weather the competitive landscape.
Willys-Overland (1908-1963): Responsible for the iconic Jeep, Willys-Overland struggled with diversifying its offerings and was eventually acquired by Kaiser Industries.
DeSoto (1928-1960): A Chrysler brand known for its mid-range offerings, DeSoto faced declining sales and was eventually phased out in favor of other Chrysler models.
Mercury (1939-2011): Ford’s upscale division, Mercury faced competition from its own parent company and other luxury brands, leading to its discontinuation.
Plymouth (1928-2001): Another Chrysler brand, Plymouth offered affordable and practical cars, but couldn’t keep up with changing consumer tastes and was eventually discontinued.
AMC (1954-1988): Born from the merger of Hudson and Nash, AMC found success with innovative designs like the Jeep and Gremlin, but ultimately couldn’t overcome financial challenges and was acquired by Chrysler.
Saturn (1990-2010): General Motors’ attempt at a revolutionary, customer-centric brand, Saturn faced production issues and market challenges, leading to its closure.
ringwraithfish@startrek.website 8 months ago
Hahaha, love that you came with receipts. People are extremely shortsighted sometimes and think surviving a few bad years means they’ll be around for a while. Companies can take a while to fail and can limp along for years before finally being sold off.
makar94@lemmy.dbzer0.com 8 months ago
The same can be said of every single company then. I guess I don’t get why you would mention it.
randomsnark@lemmy.ml 8 months ago
But… you’re the one that brought up how long they’ve been around for.
abhibeckert@lemmy.world 8 months ago
Tesla has a market cap of $800 billion.
General Motors doesn’t have anywhere near enough money to buy a company that size. And even if they tried, regulators would likely block it.
Garbanzo@lemmy.world 8 months ago
Comparing market cap to earnings just shows you have no clue
makar94@lemmy.dbzer0.com 8 months ago
This place is pro-ev, but very anti-Tesla. So weird. They’re naming failed car companies and sure, it does prove their point, but most companies fail. I could literally say the same thing about Ford and Toyota. Who knows what happens in the future. Literally no one knows.
stephen01king@lemmy.zip 8 months ago
You’re the only one claiming to know they’ll survive. Other people are claiming nobody should know because your original argument for why they’ll survive doesn’t make sense. It’s funny how you’re now claiming to be the one that thinks the future is uncertain.