maybe they should focus on making a decent product instead of manufacturing bs
this post was submitted on 23 Aug 2023
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Well Musk is spending most of his time breaking Xitter lately so maybe the Tesla guys can get some good stuff done while he's distracted.
Probably not. Tesla is very dysfunctional as an org. He flattened it so much, and hasn’t appointed a real leader, while he’s distracted I bet they’re basically in a holding pattern.
He motivated them by setting insane goals then driving them insanely hard and sleeping in the office and shit.
If he’s not doing that, the company is, pardon the pun, on autopilot. Watch out for stopped emergency vehicles.
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Setting aside anything related to Musk, Tesla really doesn’t seem to be staying competitive.
Cybertruck (and the “indestructible” window press conference) is probably the easiest example. Years of attempted hype that haven’t paid off in a meaningful manner, while rivals have been releasing in-class competition. Anyone can see that’s a problem.
Tesla cars used to be pretty revolutionary, now they’re in an entirely different era that’s filling with exciting EV alternatives around every corner. Yet Tesla style still looks the same. The shoddy construction is still around and becoming more widespread knowledge. They’re failing to attract their target audience due to a long series of missteps. More problems.
Not to mention that Tesla was downright overpriced at its height. It’s a fraction of the volume yet made other automaker valuations look minuscule. The logic for that was never there.
Besides Musk…it’s the fact they are still using the same design from 10+ years ago. When I see a tesla, I can’t tell the difference between the S & 3 or the X & Y. They made one car and scaled it in their software. All 4 cars are due for a redesign and they don’t need to all look identical. And they need to figure out how to actually assemble them without being shit.
Model S3xy? Why Elon, just why...
The model X looks like an inflated model 3 IMO, the first time I saw one IRL it looked kinda hideous
I'm not a car guy. There happened to be a tesla showroom at the mall (wtf?) I was at with some coworkers for lunch, and one of them was dying to look at the new model X, so we made a detour. It was the first tesla I sat in.
I couldn't believe how cheap and tacky it felt. Everything was plasticy, leather felt like pleather. The giant tablet just seemed unnecessary and gaudy.
The tech was cool and all, but I couldn't believe this was what everyone was talking about.
Never mind unnecessary and gaudy, it's dangerous. Pretty much all car functions are on that touchscreen, meaning you have to use it while you drive.
I feel like the vibe is a reasonably nice car from the 80s that someone put a huge tablet inside. I agree I find it really off putting, but I know people who love it so 🤷♂️
Give it 5 - 10 years. Tesla will be a company that makes and maintains a charging station network and sells batteries to the other auto makers.
It's becoming increasingly obvious that they can't hack it in an automotive sales industry. Which is fine, frankly. I think battery manufacturing and charging network are pretty complimentary industries and provide a decent revenue stream into the future, License the charging tech to other automakers early and get some vendor lock-in going, and the company could be in it for the long haul.
They might even be able to keep making a couple EVs, to prove new charging or battery tech, much like how Google keeps making Pixel phones to essentially prove and market new Android features.
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Such a remarkably overvalued company. I'd be surprised if it's still around in a few decades. Feels like they're the MySpace of today - they're big and have first mover advantage but have nothing interesting down the line and newer companies will and are supplanting it.
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Teslas are boring. There are only 4 of them and they all look the same. (And the cybertruck is an abomination, sorry if you’re going to buy one; good luck surviving all the steel balls people will be throwing at you)
Nobody is going to buy a cyber truck because they will never be mass produced
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Good, the MAGA car company should lose value.
The market is finally correcting itself.
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The moment those Chinese EV startups enter the US market, Tesla will be in real trouble if they don't have their product quality image problem fixed by then.
It'll be like Detroit's Big 3 automakers tanking when small fuel efficient Japanese cars landed in the 70s oil crisis.
Assuming those Chinese EV companies don't have their own quality problems...
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It was never worth the stupid value it was pumped up to. Why do you think Elon has been dumping so much of it.
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I dont get how this is news. Teslas market cap was already higher than all the other car makers combined while only producing a fraction of the vehicles. Everyone knew that this stock wasnt a value stock. Where is the news
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Elon Musk financed about $20bn into the Twitter purchase by selling Tesla stock.
Maybe anecdotal but I bought a Kia EV6 over a Tesla because of Musk and CarPlay support. I know I can’t be the only one that took that into consideration.
Maybe the investors should all vote on kicking Elon out of the company.
I'm surprised this isn't just because of there being more competitors to Tesla like rivian. Tbh though I dislike cars, I just have to use them sadly.
There aren't any. By volume Tesla is still the biggest EV maker by far. The competition is nowhere close to catching up. If they screw up the launch of the Cybertruck, they'll really be in trouble, though. Also, the valuation is to a large degree based on the promise of full self driving. That seems to be an increasingly distant prospect, though.
Yeah, but the silly Tech Startup kind of market valuation with the associated crazy P/Es (justified by "we will take over the whole industry" kind of justification) that made them more valueable than all US automakers combined (not just the EV auto-segment, everything) is dissapearing.
Their valuation reflecting the size of their market share (in the entire auto-market, not just EVs which are still a minority of sales) and growth direction (growing mainly due to the EV segment growing and don't seem to be in line to dominate the whole auto-market as EVs take over) means a massive fall from the fantasy "we'll take over the world" valuations.
Mind you, it's happenning more generally in the whole Tech segment as the end of free money which was used in leveraged stock investment is wiping out all the investment strategies based on wild and fantastical claims of "future prospects" and on finding greater suckers.
It's probably not even a fall due any worst numbers or concrete prospects for Tesla: the collapse of the massive stock price premiums (judging by the P/Es in Tech vs those in the wider market) for "future prospects" in the whole of the Tech industry, would definitelly pull Tesla's stock price down hard because Elon's main business "strategy" has always been to frame his ventures as Edgy Tech in order to reap such premiums and he definitelly went hard on it with Tesla.
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Hasn't the F-150 has already preemptively destroyed the Cybertruck? I suppose most people driving pickups don't actually need a pickup's functionality. They're just told they need a pickup so that's what they buy.
lol as if that hideous pos truck is going to save them.
They went to the stock chart, picked the latest peak, and wrote the article of doom. It's down 20% a year ago, but up 20% for the last 6 months, and up 119% YTD.
Not that Tesla doesn't have its ills or seems to be stagnating, but picking points in a chart is a feeble argument.
That 119% is based on the lower peak you cherry picked, you just did exactly what you complained the article did.
To put this in perspective, Tesla's stock price has still more than doubled since the beginning of the year. They're doing just fine.
The past few weeks have been rough across the market. I suspect the reemergence of COVID has played a factor.
How about since their ATH?
Oh... It's at a 43% bargain.
52 weeks high? Yep, still a bargain!
Nah, they're not doing fine.
Apparently not since the big investors are getting out/reducing investment.
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I see so much hate toward Tesla in this post and I assume it's mostly because of Musk.
But at the end of the day they are still the ones selling the most EV which I still believe is a good thing.
I'd rather people buy an asshole's EV than another polluting pick-up truck tbh. (I know EV are also creating pollution, no need to point this out ty).
The vast majority of EVs I see in the street of my french city are Tesla's. And I see a bit more everyday. And no matter how much I despise Musk, I still appreciate the fact that tesla is helping us move forward from combustion engines.
I don't really care if someone buys a Tesla just to show off. It's one less combustion engine on the road.
But at the end of the day they are still the ones selling the most EV which I still believe is a good thing.
"Over 10 Percent of Tesla Model S EVs Fail Germany’s Strict Inspection After 3 Years. It’s actual hard data on Tesla’s quality issues as seen in the wild." https://www.thedrive.com/news/44068/over-10-percent-of-tesla-model-s-evs-fail-germanys-strict-inspection-after-3-years
Tesla deserves credit for opening the door on EVs, but these days something like a Hyundai Ionic / Kia EV just makes more sense when you don't want to buy expensive trash.
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Who would have thought your brand would tank if you go full send on being a absolute douche bag. Almost like there is consequences for you actions... Something these ultra rich assholes never face.
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