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.
Comment on Tesla Gets a $94 Billion Reality Check as EV Winter Sets In
Garbanzo@lemmy.world 9 months agoTesla’s been around for long enough that they’ll survive.
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.
abhibeckert@lemmy.world 9 months ago
Garbanzo@lemmy.world 9 months ago
Comparing market cap to earnings just shows you have no clue
makar94@lemmy.dbzer0.com 9 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 9 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.
NotMyOldRedditName@lemmy.world 9 months ago
The thing a lot of people are still ignoring is Tesla isn’t just a car company.
Tesla is going to be more like General Electric than any of the traditional automakers and it’ll be more and more obvious as the years go on.
They design and build their own batteries. They are about to refine their own lithium. They are designing their own super computers. They sell batteries to consumer and commercial companies with software managed by AI to optimize the usage of those batteries.
They are going to keep coming out with other non car products, such as a residential HVAC system.
And they’re doing all this with industry leading margins on everything they do even after all the cuts.
They’re way more resistant to problems than some specific car brand that went under. Even if the car side of things falters, they still have everything else to help prop them up.
I don’t think anything is guaranteed one way or another, but Tesla is in a much better spot to survive longer term because of all the ways they can use their expertise.
I know most people don’t believe the Bot will amount to anything, and maybe they are right, but the very fact they are doing something like that is diversifying the risk they put into their AI division. Now it’s not just 1 failure point, they’ve found another way to benefit from their work.
ringwraithfish@startrek.website 9 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 9 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 9 months ago
But… you’re the one that brought up how long they’ve been around for.
gravitas_deficiency@sh.itjust.works 9 months ago
You’re misreading their new argument. It may be worded differently, but it’s pronounced “well now I don’t want to talk to you anymore after you logically refuted my first argument”.