Comment on Tesla profits nosedive as more job cuts announced

paddirn@lemmy.world ⁨10⁩ ⁨months⁩ ago

• originalucifer@moist.catsweat.com ⁨10⁩ ⁨months⁩ ago

  tesla was always a pump and dump. build it up quick, use it as financial vehicle, GTFO before it falls over.

  they have never had an exit strategy or long-term plans for their products.

  source

  • Steve@startrek.website ⁨10⁩ ⁨months⁩ ago

    Become worlds largest EV maker for a decade then have a slump in profits.

    Yea, its a pump n dump! You are very smart!

    source

    • originalucifer@moist.catsweat.com ⁨10⁩ ⁨months⁩ ago

      its cute you think a decade is a long time in vehicle manufacturing. you keep being you

      source

      • Steve@startrek.website ⁨10⁩ ⁨months⁩ ago

        A decade is a very long game for a pump n dump, sweety.

        source

        • -> View More Comments
    • 1984@lemmy.today ⁨10⁩ ⁨months⁩ ago

      They were the first. Now many others have better cars. Tesla quality is awful.

      source
  • NutWrench@lemmy.world ⁨10⁩ ⁨months⁩ ago

    Elon doesn’t care about making the companies he owns work. He’s just looking for that next bong hit of attention he gets from keeping his name in the news.

    He burned through tens of billions to buy Twitter, turned it to crap (well . . . crappier than it was) and he doesn’t care. He gets bored with his toys quickly if they don’t get him the attention he craves.

    source
• frezik@midwest.social ⁨10⁩ ⁨months⁩ ago

  Yes, and it’s common for job cuts to only make things worse for companies over the following quarters. It only makes things more backed up. It only helps your stock price for this quarter.

  Whatever you might think about the Cybertruck, it is sold through for at least the next year. I think they’re terrible–they look even dumber in person than in photos–but there are people who are lining up to buy one. Cutting staff does not sell Cybertrucks any faster.

  A $25k Tesla EV would be a huge win, both in the US and (most importantly for the company’s bottom line) China. There are reports of it being canceled, which may or may not be true, but it does appear that Elon wants to go all in on a self driving taxi, and I don’t see that working. Even if it eventually does, it’s a huge gamble when there’s a very straightforward moneymaker sitting right there. Looks like Kia/Hyundai are happy to take that market if Tesla doesn’t want it. Meanwhile, BYD is sitting over there figuring out how to enter US and EU markets.

  source

  • TranscendentalEmpire@lemm.ee ⁨10⁩ ⁨months⁩ ago

    Whatever you might think about the Cybertruck, it is sold through for at least the next year.

    Yeah, but that’s not really saying anything considering that their production numbers have been awful. They claim that they should be able to reach 125k this year, but there have been reports of them only managing to produce around 80 a day, which is only around 30k a year.

    And that was before the recent recalls and qc problems. Stainless steel is just an unforgiving material to work with, it’s gonna take them a while to reach mass production while maintaining any kind of quality control measures.

    source

    • frezik@midwest.social ⁨10⁩ ⁨months⁩ ago

      Production numbers are awful, but that’s only more reason why laying off workers is a bad move.

      source