Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.
It might face a bumpy road but the reality is the core reason for the drop is the amount of stock musk has sold to cover his idiotic decisions recently
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.
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.
So? Left pollutes the air, right doesn’t, hence right is undeniably better and completely unrelated to the fact that public transport could be much improved almost everywhere in the word. EV buses are also better than diesel ones, you know…
They are better in the long run when combustion engines have reached their end of life and needs to be changed for something. But replacing a combustion engine solely to get an EV is a waste of energy and material. EVs are heavier and require energy to move, usually a single occupant. Tire wear is also responsible for pollutants in the air and in the water, and because EVs are heavier, they do that faster.
Parking lots generate heat islands, etc… Buying a new car is inherently bad for the environment. We need more traditional means of transit and much much more active transit plans, not more cars!
WE CAN’T BUY OUR WAY OUT OF THIS WITH NEW GADGETS AND TECHNOLOGY.
require energy to move
Yes, literally everything does. That’s physics.
Tire wear is also responsible for pollutants in the air and in the water
Tires made from natural rubber exist. Less wearing tires are also a thing but those are less “sporty”. Tire wear can be reduced by driving more smoothly which is something governments can mandate to tweak driving aids accordingly (basically no hard acceleration). Overall EVs are better for the environment than ICE cars.
We need more traditional means of transit and much much more active transit plans, not more cars!
I already wrote “public transport could be much improved almost everywhere in the word”, so don’t preach to me about what I agree with.
I realize I’m saying this in a technology community but I’ve (we’ve) been promised self driving cars for years and so far it’s only the same promise repeated year after year. Same for recycling. We can’t just recycle everything or wait for a miracle plastic eating bacteria created by technology, we have to consume less.
Fuck that I want a fast Tesla.
Ask me how I know we’re not going to reach any climate change goals.
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.
Teslas just aren’t great EVs compared to other brands. The reason they are popular is because of marketing.
Give me a Renault EV any day.
Aren’t great how? They have some of the most efficient cars, with high charging speeds, and easily the best charging network.
As far as EVs go, they’re fantastic. Said as someone who has owned multiple EVs from different brands.
The charging network argument is getting less important in densely populated Europe, and at least here in the Netherlands. For fast charging I usually charge at Shell Recharge because it’s cheap with my card (for my boss, but small company so I try). Otherwise there’s always a Fastned, Ionity or other party. And there are so many destination chargers that I don’t really hesitate to drive anywhere. And anyway you can charge at Tesla too if there is availability I think, though for the reasons stated above I haven’t needed to.
And now other brands are coming out with loads of relatively affordable 100-150kwh+ options. At that point a cross continent vacation is still a bit of a hassle, but for daily use that’s more than enough since you mostly charge at home or at a destination anyway.
They need to ditch Musk… he’s toxic to the brand now.
And fix their quality, and upgrade their interior to have buttons, as well as be somewhat nicer than a Toyota for the price they’re asking.
The board is composed of close family and friends. They are not going to ditch Musk.
tesla’s are shit cars and cars are fuckn awful for the environment so its the creme dela creme of a shit stain. some people actually think they’re doing the environment a good thing buying a new car instead of demanding public transportation/or at least buy something used to literally stop killing the earth.
like seriously you think you’re doing something to help the environment by buying a new car from a elon fucken musk? like you do realise tesla lobbys against public transporation? You know something that would actually help the environment.
like he’s literally a car salesman and you dupes were suckered into it like a fucken simpsons monorail
Where I live, no amount of anything is going to get me away from a car. Even if I had a billion dollars to invest, I couldn’t get rid of the need for a car, for at least 10 years. It’s a nice position to take, but completely devoid from reality.
I agree in regards to public transport in cities of a resonable size and between them. Outside bigger cities, it simply isn’t a workable solution. Fact is that a lot of our modern society is built around cars. It’s not easy to change that.
BEV’s will certainly not save the world from climate change, but they are a lot better than ICE vehicles and since we aren’t getting rid of vehicles, it’s a lot better if they are BEV’s. Hate Elon Musk as much as you like (I likely wouldn’t disagree with you), but you can’t ignore that Tesla arguably has pushed forward the transition to BEV’s.
maybe they should focus on making a decent product instead of manufacturing bs
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.
The products are decent. Just that there are a lot more competitions that make much better cars.
Teslas are the most recalled vehicles on the market.
over the course of 30 years*. people rarely keep cars for that long, let alone an EV. by year 10 most EVs will be clapped as fuck you might just have to sell it for scrap metal
fact is Teslas still represent good value if you’re just after a base Model Y and 3. they’re are OK, average, decent.
fit and finish is far from German counterparts but if you don’t care, and don’t want a Chinese EV either you’re left with Tesla.
As used cars, they aren’t very attractive for 2 big reasons.
Repair facilities and even just new parts are rare and can take months to book (which is a problem for new teslas as well).
But a bigger problem is that Tesla iterates parts designs, so if you have a used Tesla and the door handle breaks, you might not be able to get the right part to repair it, or you might need to make a series of other changes for it to work.
When you buy a Tesla, your buying a test mule that is a work in progress. That’s why most car companies spend 3+ years developing traditional vehicles before coming to market. And they used decades of institutional experience and known good components instead of attempting to reinvent it all (even the manufacturing process, which Tesla learned hard lessons about early on).
Well, I’d say the value of the Tesla isn’t the car at all, it’s in being the first to popularize Evs, the brand they’ve built, and in the recharging network they’ve built.
As far as the cars go theres just too many reported problems. Take the above things away and you’re left with just an ok car. Why would you invest all that money in something that’s just ok, especially when you can go to the nearest competitor who not only has way more money and experience in the industry but can produce a cheaper more reliable product. Not to mention the fact that they have the dealerships across the country to handle their vehicles and perform maintenance.
Where tesla shined really was in how the brand became associated with success and quality, and in how large a recharging network they built. Nobody else has come close to achieving either. With musk acting like a dumbass they’ve lost the it factor. Should have been obvious with the cyber truck. Elon basically acted out that episode of the simpsons where homer bankrupts his brothers car company by designing a hilariously bad car. They do still have the charging network, and I think that value cannot be understated, but in 10 years ev charging will become ubiquitous and that won’t matter.
Tesla was at its peak when musk mostly shut the fuck up and pretended to be the ambitious billionaire genius focused on the betterment of humanity.
Now it’s clear that space Karen was little more than a guy who got extremely lucky in the early dot com days and amassed an insane fortune. Strip elon of his wealth and ask him to do it again and he would never be able to.
It’s sad too, I wanted to get a Tesla but now there’s just no way. Not when Space Karen can just auto install some update that requires I pay a subscription to use the ac. Fuck that shit, too unreliable.
Elon Musk financed about $20bn into the Twitter purchase by selling Tesla stock.
Good, the MAGA car company should lose value.
The market is finally correcting itself.
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.
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.
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…
thoughts and prayers
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
What a stupid take, but par for the r/technology course.
EDIT: The steel ball thing was terrible optics, granted, but that was also, like, the 5th time that ball was thrown at the window. Bullet-proof glass still spiderwebs when hit. Get over it.
No, they dropped steel balls onto separate glass pulled to the side, which didn’t break, then they decided to hurl steel balls at the prototype they had on stage. It broke the glass, twice. It’s on video, y’know?
but par doe the r/technology course.
Do you even know where you are?
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Don’t worry Tesla owners, this guy’s better than you and all along knew that he should be buying hummers.
This smugness from basement dwellers is flat out embarassing.
Swing and a miss, sparky. I’ve been driving electric for the last 7 years but have no interest in Tesla for a wide variety of reasons.
Also I literally told you why I don’t like them — there are only 4 of them and they all look the same; do you think maybe the fact that they’ve become so ubiquitous over the last few years and so samey could contribute to changed perceptions of them? What’s new in 2017 is old in 2023.
Just try and be a better person/contributor around here. Smarten up.
there are only 4 of them and they all look the same
Oh noooooo. Thanks for that single issue that’s entirely subjective.
Meanwhile; they provide the best performance for the price, putting exotics 0-60 to shame. Have the best charging infrastructure. Get great range despite the recent hit pieces. And, for some subjective IMO goodness, are super fucking cool. I love the infotainmentcontrolwhatever way they handle things.
But no, they’re just copy/paste pieces of shit. All hail anybody but Elon!
They’re fine cars, they need a refresh is all. You’re reading way too much into this. They’re not copy-paste, they’re ubiquitous and as exciting as a Honda Civic in terms of looks, to me at least. 0-60 time is fun, but so are physical buttons.
All hail anybody but Elon!
You know he’s never going to marry you though, right?
You know he’s never going to marry you though, right?
What? I thought you said this WASN’T r/technology?
The only person bringing up Elon Musk is you. The only person offended (apparently) on behalf of Elon Musk is you. Sort yourself out.
I couldn’t give a fuck about Musk. He could die tomorrow and I’d say “Good for him.” What I think is hilarious is the assumption by you and others in these comments that my drive to correct them stems from some love of the ugy.
Sort yourself out.
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
ELON BAD
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.
