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Tesla stock drops on Q4 earnings miss, EV maker warns production growth rate will be 'notably lower' than 2023

I'm enjoying this. Also Musk went out and said that he wants barriers on trade or else the Chinese companies will dominate the market.

I thought Musk would be happy, because he truly wants to save the planet doesn't he? It shouldn't matter if he or someone else makes the best electric cars then?

the_third ,

You want me as a customer? Kick your CEO out, improve part availability for me as a long time owner after warranty ends, open up repair documentation. Oh, and stop making battery packs a monolithic block of cells and glue.

If I splurge 50k€ on something, I need to be sure that I won't lose that investment over a minor event.

1984 OP ,
@1984@lemmy.today avatar

I think Volvo Recharge models are better than Tesla anyway. :)

Much higher quality, much more quiet inside, and Volvo actually knows how to make a car.

the_third ,

Same issues though. I don't yet trust chinese manufacturers to offer proper repair manuals and parts longterm.

skozzii ,

He could, and has shown that he will disable the car if you make a mean tweet about him. Stay away..

SomeGuy69 ,

Tesla stock is the most overhyped shit on the wallstreet.

MyDogLovesMe ,

Again, that ‘truck’, …The Homer.

puppy ,

How much of it can be attributed to Elon alienating potential buyers? Every shareholder must be thinking this.

Fades ,

Don’t forget poor quality assurance and build quality in general, although I’m sure that too can be traced back to phony Stark

puppy ,

A couple years ago a lot of people were quite happy to make that compromise in the name of helping the environment. Not so much after Musk showed his true colours.

NegativeInf ,

He's no Tony Stark. More like a Justin Hammer but with less charisma.

Diplomjodler ,

A lot. Also, since he's been busy spreading hate on Xitter, Telsa has notably lacked direction and focus. They've just been coasting for the past three years or so. Time for a new CEO.

NotMyOldRedditName ,

It was very obvious 2024 was not going to meet the 50% goal and they've been warning us for years about it.

50% with some years over and some years under based on when we do vehicle launches is what they've been saying for quite a long time now.

The only way 2024 was ever going to be above that trend line, or even in its vicinity is if the Gen 3 platform launched, and it's been clear for over a year now this wasn't happening in 2024.

Probably like mid 2022 this was the obvious outcome for 2024.

And yet everyone is acting like the sky is falling.

The sky is falling when gen 3 comes out and it doesn't sell well at reasonable profit. If it sells with reasonable profit, everyone is going to be hospitalized with whiplash as they start spiking deliveries again and March their way to 7-10 million vehicles based off the platform (multiple vehicles in the platform)

But ya, 2024 is a dud year. It's been a dud year vehicle wise for over a year already.

1984 OP ,
@1984@lemmy.today avatar

My sky is not falling, I hope the stock price hits 108 again though so I can buy the turds stock and make bank. :)

NotMyOldRedditName ,

If it goes that low before gen 3 is out, I hope I got cash available.

If it goes that low after gen 3 comes out and fails, not so much!

1984 OP ,
@1984@lemmy.today avatar

Yeah we will see. ')

Daiken ,

I think it goes without saying that if you want to protect your domestic market, that having trade restrictions and tariffs is essential. Especially if you have higher labour and environmental standards. So I do support Tusk in that matter. I still think he's a twat though.

1984 OP ,
@1984@lemmy.today avatar

But don't they already have that in the US? It seems that brands like Kia are not nearly as big in the US, while they have explosive growth here in Northern europe since they get top reviews.

Bdtrngl ,

Does Kia really get good reviews in Europe? They seem to be best known for their enormous fuck ups in the US.

1984 OP ,
@1984@lemmy.today avatar

Yeah they are at the top of most reviews here. They have a bad reputation from before but trying to clean up their act. The Kia EV6 is very highly rated, and Kia Sportage as well.

hitmyspot ,

Wouldn't that be in breach of WTO rules? Certainly tariffs based on carbon are likely moving forwards. Protectionism doesn't help anyone long term.

IWantToFuckSpez ,

Guess alienating your primary target demographic and trying to turn angry climate change denying conservatives into Tesla buyers wasn’t a genius move.

psychothumbs ,

Yeah hard to imagine Musk's new right wing fanbase being willing to buy electric cars even if they're made by him.

bizzle ,
@bizzle@lemmy.world avatar

The dumbest guy I know was going to buy a Tesla because he's a right wing extremist and wanted to support Elon, but he couldn't afford it. He blamed Joe Biden even though he retired early and blew his retirement payout on lottery tickets and cigarettes.

WhatAmLemmy ,

It hurt itself in its confusion... Constantly... Repeatedly... Consistently... Over and over and over and over again... For as long as it lived.

Diplomjodler ,

I really always wonder how these people manage to survive. Even breathing must be an intellectual drain for them.

MyOpinion ,
@MyOpinion@lemm.ee avatar

Musk is in the process of destroying Tesla.

1984 OP ,
@1984@lemmy.today avatar

Maybe Twitter first, we will see I guess. Worst manager ever.

dustyData ,

Twitter is already dead, we are just watching the corpse discompose as only the diehard fans and the utterly addicted remain and slowly first reduce their use/replace some of their time with some other social media, then outright abandon it. Online platforms rarely die with a bombastic thunder, but instead limp with a wimp for a long time, shells of their former selves. For example, My Space and Digg are still around.

MondayToFriday ,

Could it be because among affluent, environmentally conscious consumers, it's no longer cool to be driving a car made by an unhinged right-wing narcissist?

Musk said on the earnings call that his concern would be, given his current shareholding, that he will have "so little influence" in the future that some major shareholder could strip away his control or make a bad decision.

Or could it be a consequence of dumping shares to fund a megalomaniacal need to own a social media platform?

ryathal ,

I'd say it's more that he's saturated the early adopter market. Selling to a more cost and quality conscious market is harder. The fact consumer reports rates their cars less reliable than McDonald's ice cream machines is a bigger problem than Musk's ego.

wintermute_oregon ,

I have no major issues with my car but for the money, the build quality was crappy. It’s not what you’d expect for a car of that cost.

Kidplayer_666 ,

Might be different over there, but here Teslas are a great deal. There aren’t yet a lot of cheaper cars than the model 3, and none can beat the range at its price. Compared to Volkswagen, you get a prettier car, with more range and a heck of a lot better infotainment system, as well as some neat included features (like heated seats)

Mr_Blott ,

A) There are way cheaper alternatives, with better build quality

B) A Tesla will flat out lie to you about its range

Kidplayer_666 ,

First, the only range that I consider is the one that is brought by standardised tests, such as WLTP and EPA standards. While they may not be realistic (WLTP in particular is terrible) but at least they give a consistent frame of comparison.

Now, if there are better alternatives, do present me with some! The only remotely interesting one i can think about is the ioniq 5, but hyundai in my country has their head up their butt, and you can't see prices on their website. From external reviews, the 5 is competitive with the long range Model 3 from tesla. However, on the lower end, the only real alternatives I am aware of are from Volkswagen, which A are more expensive with a lower WLTP range estimate, B are smaller and in my opinion look kinda boring, and C probably have a way worse infotainement system (although I'm curious if Volkswagen has managed to fix it, I've heard mixed things about their latest models).

MondayToFriday ,

Electric cars generally have heated seats. Since heat doesn't come as a free byproduct, it's more efficient to keep occupants warm by heating the seats than the air.

squiblet ,
@squiblet@kbin.social avatar

“or make a bad decision” is hilarious. Like say, insist that the company spend 4 years developing a bizarrely impractical truck that Elton himself said they “dug their own grave” with?

Musk said, adding that he's "not looking for additional economics; I just want to be an effective steward of powerful technology."

Oh yes, we all believe this techno Jesus crap at this point. Right.

CanadianCorhen ,

bad decisions, like making a truck that looks like... that...

Tobberone ,

I'm not entirely sure how to phrase this, but... Today there are choices...

prole ,
@prole@sh.itjust.works avatar

Can we please have those cheap Chinese EVs flood the market??

1984 OP ,
@1984@lemmy.today avatar

Which ones are cheap again?

fuckwit_mcbumcrumble ,

The cheap chinese EVs are only really cheap because of the heavy subsidies provided by the Chinese governments. And they're mostly really targeting developing nations where a cheap car really matters. The US is already flooded with cars, and money so it's going to be a lot harder to break into that market. Plus both the people and the government have their biases against the Chinese to boot.

Num10ck ,

and they are designed to last 5 years and are rusting so bad that Russians are regretting them.

xarexyouxmadx ,

But have they figured out how to keep the wheels from falling off?

assembly ,

I think they are adding a monthly subscription fee for that feature.

lamabop ,

Front fell off

podperson ,

Well that’s not typical.

Nomecks ,

I don't think the word "Charlatan" has ever applied to anyone more aptly than Musk.

emptyother ,
@emptyother@programming.dev avatar

Nah, a charlatan has class. Musk doesn't.

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