this post was submitted on 23 Jul 2024
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Big declines in TSLA profitability this past quarter.

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[–] breadsmasher@lemmy.world 43 points 3 months ago (2 children)

The only thing tesla ever had going for it was being first.

They haven’t innovated and instead build increasingly worse cars.

Do you enjoy receiving a brand new vehicle which then immediately needs to go to a garage to actually fit the panels correctly?

Buy muski boys shitheaps

[–] wagoner@infosec.pub 5 points 3 months ago* (last edited 3 months ago) (1 children)

Tesla wasn't first but they were the only ones to really break through, finally, and make EVs viable. So many failed attempts by others up to that point. Getting past the fossil fuel mentality and industry pressures was never a given.

But he's throwing all of that lead in the trash.

[–] breadsmasher@lemmy.world 3 points 3 months ago

Sure, I don’t disagree. I should have said “first to make them viable”, like you have correctly stated

[–] buzz86us@lemmy.world 2 points 3 months ago (1 children)

I was into the Cybertruck until Elon dropped the $40k trim.. I really wanted a basic truck that was viable as a daily driver.

[–] breadsmasher@lemmy.world 2 points 3 months ago (1 children)

Watching musk over the years running his companies into the ground, I always assumed that trim would never materialise

[–] buzz86us@lemmy.world 1 points 3 months ago

Well he bought Maxwell batteries for their dry coat process, but it isn't scaling well

[–] homesweethomeMrL@lemmy.world 27 points 3 months ago

Yeah it’s a real mystery

[–] teamevil@lemmy.world 25 points 3 months ago (1 children)

1.5 billion in profit? How the hell does that justify 54 Billion in payment, how is the company profitable?

[–] normanwall@lemmy.world 6 points 3 months ago

I hate Musk but it was reportedly structured around share price targets

https://www.cbsnews.com/news/elon-musk-pay-package-vote-cbs-news-explains/

"The pay deal is structured to deliver several rounds of stock options that will allow Musk to buy about 304 million shares of Tesla stock. Musk is able to receive each round of options after the company hits certain milestones — such as when Tesla reached a market value of $100 billion, and then at every $50 billion mark beyond that. (Currently, Tesla's market cap is about $580 billion.)"

[–] c0smokram3r@midwest.social 19 points 3 months ago

Never forget he littered space with a Tesla roadster:

“Researchers had already looked into the chances of the car impacting Earth some day, and calculated the odds at just 6% within a million years. The team also worked out that the Roadster will make a close(ish) encounter with Earth in 2091 when it will come within a couple hundred thousand miles (a few hundred thousand kilometers) of the planet where it was made.”

What a fucking asshole.

[–] VelvetStorm@lemmy.world 15 points 3 months ago (2 children)

If the quality and customer service were there and musk was no longer there, I would very gladly buy one.

[–] dragontamer@lemmy.world 6 points 3 months ago

Elon already fired 10%+ of all employees, including the entirety of the Supercharger team.

I don't expect much quality or customer service moving forward.

[–] PastryPaul@sh.itjust.works 1 points 3 months ago (1 children)

Same. I'd love a model S if it was what it seemed and that raving douche wouldn't profit.

[–] VelvetStorm@lemmy.world 4 points 3 months ago (1 children)

I mean I would love to get a used model 3 for like 20k if it wasn't for that fascist fucking pig.

[–] III@lemmy.world 7 points 3 months ago (1 children)

I am worried about the long term viability of Teslas. Given their computers and software, I fear they will have the lifespan more akin to cellphones than to traditional vehicles.

[–] VelvetStorm@lemmy.world 6 points 3 months ago* (last edited 3 months ago) (1 children)

That is my main concern with all EVs. I would also like just like a standard car but with an electric motor and none of the infotainment bullshit. I don't need it to connect to anything except the road and the charging stations.

[–] Olhonestjim@lemmy.world 3 points 3 months ago

Like how much money could it save by dropping all that BS? Gimme a couple motors, a fat battery, a way to connect my phone, electric windows and locks, physical controls, manual fucking doors, and maybe a couple green paint options FFS, and I'm good.

[–] Wilzax@lemmy.world 12 points 3 months ago

TSLA was always a bubble

[–] apfelwoiSchoppen@lemmy.world 9 points 3 months ago (1 children)

Good thing they gave the man child that bonus.

[–] III@lemmy.world 4 points 3 months ago

Seems almost like the board didn't have the best interests of the company in mind.

[–] Fedizen@lemmy.world 8 points 3 months ago

good thing they pay their ceo 30x that.

[–] Anticorp@lemmy.world 8 points 3 months ago
[–] ocassionallyaduck@lemmy.world 7 points 3 months ago (2 children)

The brand is dead to me, until Musk is pushed out or divests.

Rivian has none of their baggage.

[–] apfelwoiSchoppen@lemmy.world 2 points 3 months ago

Just as anti-union.

[–] darganon@lemmy.world 1 points 3 months ago

They also don't have any affordable vehicles, and are also a shitty company.

Tesla offers a lot of value for money in the EV space. Nobody else comes close. Unfortunately that means dealing with Musk, and I'll be waiting a few years to buy the wife an EV, maybe everyone else will catch up.

[–] ohlaph@lemmy.world 3 points 3 months ago

Good, fuck that guy.

[–] tills13@lemmy.world 3 points 3 months ago

Can't wait to exchange my MY for an R3X

[–] buzz86us@lemmy.world 2 points 3 months ago

I'm interested when the model 2 hits.. Though I wish we'd relax tariffs on Chinese vehicles.. Maybe a tiered system where vehicles under 20k get no tariffs, then it goes up from there

[–] teamevil@lemmy.world 1 points 3 months ago

Welp...I didn't do my research... he's a dick but I want to be correct in my dislike