6 ms·

Brutal week sees Tesla shares lose $80B in market value

60 points by cs702 4y ago

deleted 4y ago
[deleted]
shifty1 4y ago
https://archive.vn/vzYfP https://archive.vn/vzYfP
carlsborg 4y ago
Tesla EV production capacity (2023): ~2.3M cars/year. Market cap: $388B Mercedes EV production capacity (2024): ~1M cars/year. Market cap: $65B The EV production edge and first mover edge is gone. So where is the edge/premium? * FSD * Battery production capacity * US charging network * US chip supply chain * Free advertising on Twitter * No costs for winding down internal combustion business What else?
- mgiannopoulos 4y ago
  You compare 2023 numbers of Tesla with 2024 for Mercedes. With a plan for 50% YoY, Tesla will be at 3.5M cars/year in 2024. Seems like they will still have an edge on production.
  - katbyte 4y ago
    Mercedes is only one manufacturer of many? theres toyota ford VW nissan and more all ramping up
    - mgiannopoulos 4y ago
      The parent mentioned Mercedes so that’s what I replied to. What are the 2024 numbers for the ones you mention ?
- jacquesm 4y ago
  FSD is a liability, not a feature.
- refurb 4y ago
  Stock price is forward looking, not based on current sales. It's why some start-up with $0 revenue can be worth billions. Not to say that Telsa's peak valuation is justified (it doesn't make a lot of sense), but a much higher market cap could be justified by expectation of substantial growth in Tesla sales, but flat revenue for Mercedes.
  - tosc 4y ago
    That expectation has generally been based on having a well respected CEO. Having no CEO may reasonably affect expectations.
- labcomputer 4y ago
  > The EV production edge and first mover edge is gone. So where is the edge/premium? They actually make money. Rivian spends an incremental $3 for each $1 of revenue. Lucid spends $5. Ford admitted last year that inflation made the Mach-e unprofitable at the unit level. And none of the legacy manufacturers break out revenue and expense for their EV divisions. Go read their quarterly reports. I’ll wait. Not one of them does it. In contrast, Tesla has 30% gross margins. Maybe Model 3 isn’t luxury, but can competitors sell a product for 30% less? Tesla can play the attrition game for a couple years if they want and just starve everyone else out.
  - DonHopkins 4y ago
    Play the attrition game for a couple of years, huh? Then let's walk through the math, and review Elon Musk's own words and numbers... Why you should NEVER believe Elon Musk! (Part 33 ⅓): https://www.youtube.com/watch?v=YrwkNp_AOjQ&t=2m58s https://www.youtube.com/watch?v=YrwkNp_AOjQ&t=2m58s [...] >But Musk is adamant that his amazing decision making is what drives what happens at Tesla. >It is Tesla that has lost HALF A TRILLION DOLLARS, five hundred BILLION dollars off its market cap this year. >But Elon Musk was so proud about the money he could save Tesla in a half hour meeting. >"Every good hour or even minute of thinking about Tesla and SpaceX has such a big effect no the company..." -Elon Musk https://sadtrombone.com/ https://sadtrombone.com/ https://www.nasdaq.com/market-activity/stocks/tsla/historical https://www.nasdaq.com/market-activity/stocks/tsla/historica... >"...and that I really try to work as much as possible, you know, to the edge of sanity, basically." -Elon Musk >Yeah, it's only because of Elon Musk's hard work that Tesla has lost over 50% of its value this year. >"Every high quality minute of thinking is a million dollars impact on Tesla." -Elon Musk >Oh, oh, it was so close. If he'd said that every minute he spends alive he causes a million dollars damage to Tesla's market cap. >"I mean, there are many instances where a half-hour meeting -- I was able to improve the financial acumen of the company by $100 million in a half-hour meeting." -Elon Musk >Let's see. Tesla's market cap is about $500 billion dollars. And it's lost about half of its value this year. Meaning that Tesla has lost some $500 BILLION DOLLARS in market cap this year. >For perspective, that's about TWICE the market cap of Walmart. >So let's see, $500 billion dollars in a years, there's roughly 10,000 hours in a year, so EVERY HOUR THIS YEAR, thanks to Musk's brilliant leadership, Teslas's lost about $50 MILLION DOLLARS of its market cap, give or take $1 MILLION DOLLARS for EVERY MINUTE Musk has been alive this year. >"Every high quality minute of thinking is a million dollars impact on Tesla." -Elon Musk >You've been watching this video for about five minutes. The time it takes Elon Musk to $5 MILLION DOLLARS OF DAMAGE to Tesla stock. >And this might give you some insight into why buying BURNING CANCER was still more valuable to Elon Musk than Tesla stock. Damn straight! >What he can do for Tesla, he can do for Twitter. >Now, Elizabeth Holmes this week got sentenced to ten years in jail for lying to investors, eventually resulting in a loss of about $10 billion dollars of the market cap of the company. >Musk has been leading Tesla to lose market value at the rate of about a Thernos EVERY WEEK! >And I should stress, one of the reasons Holmes got off so lightly -- yes, 10 years is lightly -- is she hadn't unloaded the stock when it was massively over-valued on her false promises. >That is, she claimed that her heart is in the right place. And that she hadn't clearly pumped the stock up and then sold loads of it. >I mean, it's not like she promised self-driving cars that would give you 100% return on investment with zero risks. >"You say, what would be the probable gross profits from a single robo-taxi. We think probably something on the order of about $30,000 per year, and we expect to have the first operating robo-taxis next year. With no one in them. Next year." -Elon Musk, 2019 >And that they would be ready by 2020. Then after the stock explodes in value on a promise that would make most Ponzi schemes seem believable. >Selling some $30 BILLION DOLLARS worth of stock. >I mean, I'm not really a stock market guy, but I think this called "Pumping and Dumping". Let me see: https://en.wikipedia.org/wiki/Pump_and_dump https://en.wikipedia.org/wiki/Pump_and_dump >Pumping and dumping is an ILLEGAL scheme to boost stocks and security price based on false, misleading, or greatly exaggerated statements. >"Like the Model S and Model X, at this point, can drive autonomously with greater safety than a person, right now." -Elon Musk >"The convoy technology, the tracking technology, this is something that we are confident we can do TODAY 10 times safer than a human driver. I WANT TO BE CLEAR, this is something we can do NOW!" -Elon Musk >Huh. But let's leave the legality of Musk's billions on the side for a second. And for those fans adamant that Musk bought Twitter for the greater good. >"...function of Democracy. It's important to the function of the United States. I don't care about the economics at all." -Elon Musk >"This is not about the economics. It's about the moral good that you think it will shape..." -Sycophantic Interviewer >Maybe now is a good time to remember that Musk spent most of the summer filing lawsuits to try and wiggle out of buying Twitter. Trying his hardest to renege on the deal. [...] It's well worth watching the rest of this hilarious and fact-filled chock-full-of-Musk-quotes video, and the entire series, as Thunderf00t publishes more every time Musk lies and loses billions of dollars, which is quite often: https://www.youtube.com/@Thunderf00t/videos https://www.youtube.com/@Thunderf00t/videos The Tesla-Bot videos are so much more side-splittingly funnier than any episode of Silicon Valley or Futurama or Rick and Mortey ever, but it's 100% totally true: Tesla-Bot BUSTED: Why you should NEVER believe Elon Musk! https://www.youtube.com/watch?v=JN-kajBcyew https://www.youtube.com/watch?v=JN-kajBcyew Tesla AI Day 2!!!! ITS HERE!!!! https://www.youtube.com/watch?v=Qxth7F8Y5jM https://www.youtube.com/watch?v=Qxth7F8Y5jM The Tesla Bot: BUSTED! https://www.youtube.com/watch?v=rmkFrv80b7Y https://www.youtube.com/watch?v=rmkFrv80b7Y
rolenthedeep 4y ago
I know these numbers are basically imaginary, but it sure is funny to watch
BMc2020 4y ago
LPT: Don't insult the people buying your cars while you are flailing at running twitter.
- rolenthedeep 4y ago
  Nah, this is all some brilliant galaxy-brain marketing ploy that we're too stupid to understand. You just gotta put your entire savings into tesla stock and you'll be rich like Elon in a few years!
siquick 4y ago
I had a ride in a Tesla for the first time the other day. Apart from the huge screen in the centre panel, it really did not feel like the luxury car it is portrayed as. Once the other big manufacturers are fully up to speed with production what really is the reason to buy a Tesla?
- daniel-cussen 4y ago
  [dead]
- potatochup 4y ago
  Access to the supercharging network.
  - nextaccountic 4y ago
    isn't there any adapters for other manufacturers?
    - tannedNerd 4y ago
      No but the new super chargers going in next year will have a built in ccs adapter in the US. In Europe they all currently use the European version of ccs
  - function_seven 4y ago
    My perception of Tesla’s supercharging network is that it was a huge edge 5 years ago, or even 2, but not so much anymore. Yeah, it may still be the densest, but generic chargers are popping up everywhere. If I’m deciding on which brand to go with today, the charging network doesn’t even make the list of considerations. In 2017 it may have been near the top of that list. Couple that with Tesla’s stale designs and continuous decontenting and I don’t see a Model 3 as all that compelling.
    - danw1979 4y ago
      Anecdata: I regularly stop at a UK motorway services (Hopwood Park, M42) where there are 16 superchargers (and have been for several years) and even on the busiest days there’s always been a couple free. Meanwhile over at the “public” “fast” chargers (4 of them) there’s regular contention, to the point of heated verbal disagreements between drivers one busy day this summer. (I thankfully drive a Prius which can make the entire 250 mile trip on half a tank of petrol.) Tesla have their own contention problems here and there, but I consider the supercharger network a definite competitive advantage over other EVs.
goldenchrome 4y ago
Everyone knew the stock was overvalued. The stock is now returning to sane levels.
- more_corn 4y ago
  It can go further, I assure you. They haven’t been forced to rename FSD yet. I wouldn’t be surprised if they are forced to stop selling it entirely. Refunding everyone who bought something that doesn’t exist wouldn’t be out of the realm of possibility either.
  - dinobones 4y ago
    (I am a Model 3 owner). The viscosity of the kool aid on Twitter, even in 2022, is still shocking to me. I casually see conversations on Twitter where people are seriously discussing how they plan on monetizing their cars by using them as robotaxis. How the latest insert Tesla influencer FSD video was so impressive, that they'll be able to sleep in their commute anyday now. The reality distortion field around Tesla fanboys and FSD is one of the strongest RDF's I've EVER seen. I have used FSD. It is extremely stressful. It can't go more than ~5 miles without making a life-threatening mistake on my quiet suburban streets.
    - goldenchrome 4y ago
      It reminds me of how communists on Twitter will go on about how their job in the forthcoming communist utopia will be to teach part time classes on intersectional poetry and spend the rest of their time wandering the forests to connect with the earth.
      - solardev 4y ago
        Sounds nice, actually.
    - MiguelX413 4y ago
      Transit could solve that
ericbarrett 4y ago
This video showing the atrocious build quality in a new Plaid was making the rounds a while ago. It's not the only one of its type but I think it had unusually high distribution: https://youtube.com/shorts/_PbBkY6rfrI https://youtube.com/shorts/_PbBkY6rfrI I wouldn't be surprised if it was solely responsible for turning off thousands of buyers. Sure did for me.
- horns4lyfe 4y ago
  I have a family member with a model s plaid and have driven it quite a bit, it’s an incredible car that’s been flawless for years. So many car companies have put out dog shit for decades, I don’t understand why Tesla seems to get all the hate.
  - doktorhladnjak 4y ago
    Elon Musk is pretty much single handedly destroying their brand as we speak
  - cbeach 4y ago
    It’s political. I’m in the tribe that loves what Elon Musk is currently doing. But many are in the tribe that hates what Musk is doing because it threatens the arrangements that benefited their tribe for many years.
    - DonHopkins 4y ago
      You're in the tribe of fan-boy Musk stans who gullibly believe and parrot without question anything Elon Musk says no matter how ludicrous and manifestly false and cruel, who don't have the intellectual honesty or rudimentary research skills to bother expending the slightest effort trying to fact-check his obvious lies against reality, and instead knowingly spread his lies at the non-refundable expense of your own integrity and reputation, and then you suddenly go conspicuously silent when confronted with the objective evidence that you're deluded and spreading lies. Your admission of one-sided tribalism and hysterically thin skinned criticism of other tribes is purely psychological projection and an admission of guilt about what you're actually doing yourself. Is Musk's shutting down the suicide prevention system over Christmas and his pathological easily disproven lies about it (that his own very own latest Head of Trust and Safety Ella Irwin promptly contradicted in public and on the record) really the hill you choose to die on? That just goes to show what kind of a person you and Musk really are. It actually is just all about the cruelty, isn't it? Case in point: https://news.ycombinator.com/item?id=34122346 https://news.ycombinator.com/item?id=34122346 cbeach: Claimed “sources familiar with the matter” who can’t be named. Meanwhile the CEO of the actual company concerned confirms the news report of this notorious leftwing hack paper is factually incorrect. DonHopkins: Then explain why his latest head of trust and safety contradicted him. Her name is Ella Irwin. She's certainly familiar with the matter, and definitely not anonymous, and now you know her name. Musk is a bald faced liar, and you're willingly gullible to believe him, and dishonest to spread his lies and blame it on "fake news". Have any more false conspiracy theories you want to spread? https://www.mediaite.com/online/twitter-removes-thereishelp-suicide-prevention-message-then-restores-function-after-outcry/ https://www.mediaite.com/online/twitter-removes-thereishelp-... Twitter head of trust and safety Ella Irwin sent Reuters an email after the article was published. “We have been fixing and revamping our prompts,” she wrote. “They were just temporarily removed while we do that.” “We know these prompts are useful in many cases and just want to make sure they are functioning properly and continue to be relevant,” Irwin added. The two sources who told the Reuters reporters about Musk’s decision to disable the feature requested anonymity because they “feared retaliation,” the outlet reported. “One of them said millions of people had encountered #ThereIsHelp messages.” The decision to disable the feature — even temporarily — was sharply criticized, especially because of the timing during the holiday season. https://news.ycombinator.com/item?id=34127061 https://news.ycombinator.com/item?id=34127061 According to Musk himself, who is a liar, which is my point. It's pretty pathetic when his fan-boy stans spread his lies for him without checking the facts. That winningness to destroy your own reputation by lying for him is shameful and disgraceful. You should spend more time correcting your mistaken beliefs by learning the truth, than spreading Musk's lies out of intellectual lazyness and willingly gullible unquestioning ignorance. Why you should NEVER believe Elon Musk! https://www.youtube.com/watch?v=JN-kajBcyew https://www.youtube.com/watch?v=JN-kajBcyew Elon Musk, War Profiteering? W-T-F! https://www.youtube.com/watch?v=3qGg6wiXoSc https://www.youtube.com/watch?v=3qGg6wiXoSc Why you should NEVER believe Elon Musk! (part Deux) https://www.youtube.com/watch?v=uO9yw9QThzU https://www.youtube.com/watch?v=uO9yw9QThzU Elon Musks BIG mistake! https://www.youtube.com/watch?v=9sCYxE0_W-s https://www.youtube.com/watch?v=9sCYxE0_W-s Why you should NEVER believe Elon Musk! (Part 33 ⅓) https://www.youtube.com/watch?v=YrwkNp_AOjQ https://www.youtube.com/watch?v=YrwkNp_AOjQ cbeach: I know you're afraid to actually watch any of those videos, which totally undermine your trust in Musk and prove my point that he's a pathological liar, but you can't keep everyone else from watching them, because they're fucking hilarious and entertaining, and without watching them you're not remotely qualified to even attempt rebutting them. All you can do is cry "fake news" about the proof you refuse to watch and can't rebut, which is largely recordings and quotes of Musk's own words, without providing any facts or citing any true news.
footlose_3815 4y ago
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popilewiz 4y ago
[dead]

60 points by cs702 4y ago

deleted 4y ago

[deleted]

shifty1 4y ago

https://archive.vn/vzYfP https://archive.vn/vzYfP

carlsborg 4y ago

Tesla EV production capacity (2023): ~2.3M cars/year. Market cap: $388B Mercedes EV production capacity (2024): ~1M cars/year. Market cap: $65B The EV production edge and first mover edge is gone. So where is the edge/premium? * FSD * Battery production capacity * US charging network * US chip supply chain * Free advertising on Twitter * No costs for winding down internal combustion business What else?

mgiannopoulos 4y ago
You compare 2023 numbers of Tesla with 2024 for Mercedes. With a plan for 50% YoY, Tesla will be at 3.5M cars/year in 2024. Seems like they will still have an edge on production.
- katbyte 4y ago
  Mercedes is only one manufacturer of many? theres toyota ford VW nissan and more all ramping up
  - mgiannopoulos 4y ago
    The parent mentioned Mercedes so that’s what I replied to. What are the 2024 numbers for the ones you mention ?
jacquesm 4y ago
FSD is a liability, not a feature.
refurb 4y ago
Stock price is forward looking, not based on current sales. It's why some start-up with $0 revenue can be worth billions. Not to say that Telsa's peak valuation is justified (it doesn't make a lot of sense), but a much higher market cap could be justified by expectation of substantial growth in Tesla sales, but flat revenue for Mercedes.
- tosc 4y ago
  That expectation has generally been based on having a well respected CEO. Having no CEO may reasonably affect expectations.
labcomputer 4y ago
> The EV production edge and first mover edge is gone. So where is the edge/premium? They actually make money. Rivian spends an incremental $3 for each $1 of revenue. Lucid spends $5. Ford admitted last year that inflation made the Mach-e unprofitable at the unit level. And none of the legacy manufacturers break out revenue and expense for their EV divisions. Go read their quarterly reports. I’ll wait. Not one of them does it. In contrast, Tesla has 30% gross margins. Maybe Model 3 isn’t luxury, but can competitors sell a product for 30% less? Tesla can play the attrition game for a couple years if they want and just starve everyone else out.
- DonHopkins 4y ago
  Play the attrition game for a couple of years, huh? Then let's walk through the math, and review Elon Musk's own words and numbers... Why you should NEVER believe Elon Musk! (Part 33 ⅓): https://www.youtube.com/watch?v=YrwkNp_AOjQ&t=2m58s https://www.youtube.com/watch?v=YrwkNp_AOjQ&t=2m58s [...] >But Musk is adamant that his amazing decision making is what drives what happens at Tesla. >It is Tesla that has lost HALF A TRILLION DOLLARS, five hundred BILLION dollars off its market cap this year. >But Elon Musk was so proud about the money he could save Tesla in a half hour meeting. >"Every good hour or even minute of thinking about Tesla and SpaceX has such a big effect no the company..." -Elon Musk https://sadtrombone.com/ https://sadtrombone.com/ https://www.nasdaq.com/market-activity/stocks/tsla/historical https://www.nasdaq.com/market-activity/stocks/tsla/historica... >"...and that I really try to work as much as possible, you know, to the edge of sanity, basically." -Elon Musk >Yeah, it's only because of Elon Musk's hard work that Tesla has lost over 50% of its value this year. >"Every high quality minute of thinking is a million dollars impact on Tesla." -Elon Musk >Oh, oh, it was so close. If he'd said that every minute he spends alive he causes a million dollars damage to Tesla's market cap. >"I mean, there are many instances where a half-hour meeting -- I was able to improve the financial acumen of the company by $100 million in a half-hour meeting." -Elon Musk >Let's see. Tesla's market cap is about $500 billion dollars. And it's lost about half of its value this year. Meaning that Tesla has lost some $500 BILLION DOLLARS in market cap this year. >For perspective, that's about TWICE the market cap of Walmart. >So let's see, $500 billion dollars in a years, there's roughly 10,000 hours in a year, so EVERY HOUR THIS YEAR, thanks to Musk's brilliant leadership, Teslas's lost about $50 MILLION DOLLARS of its market cap, give or take $1 MILLION DOLLARS for EVERY MINUTE Musk has been alive this year. >"Every high quality minute of thinking is a million dollars impact on Tesla." -Elon Musk >You've been watching this video for about five minutes. The time it takes Elon Musk to $5 MILLION DOLLARS OF DAMAGE to Tesla stock. >And this might give you some insight into why buying BURNING CANCER was still more valuable to Elon Musk than Tesla stock. Damn straight! >What he can do for Tesla, he can do for Twitter. >Now, Elizabeth Holmes this week got sentenced to ten years in jail for lying to investors, eventually resulting in a loss of about $10 billion dollars of the market cap of the company. >Musk has been leading Tesla to lose market value at the rate of about a Thernos EVERY WEEK! >And I should stress, one of the reasons Holmes got off so lightly -- yes, 10 years is lightly -- is she hadn't unloaded the stock when it was massively over-valued on her false promises. >That is, she claimed that her heart is in the right place. And that she hadn't clearly pumped the stock up and then sold loads of it. >I mean, it's not like she promised self-driving cars that would give you 100% return on investment with zero risks. >"You say, what would be the probable gross profits from a single robo-taxi. We think probably something on the order of about $30,000 per year, and we expect to have the first operating robo-taxis next year. With no one in them. Next year." -Elon Musk, 2019 >And that they would be ready by 2020. Then after the stock explodes in value on a promise that would make most Ponzi schemes seem believable. >Selling some $30 BILLION DOLLARS worth of stock. >I mean, I'm not really a stock market guy, but I think this called "Pumping and Dumping". Let me see: https://en.wikipedia.org/wiki/Pump_and_dump https://en.wikipedia.org/wiki/Pump_and_dump >Pumping and dumping is an ILLEGAL scheme to boost stocks and security price based on false, misleading, or greatly exaggerated statements. >"Like the Model S and Model X, at this point, can drive autonomously with greater safety than a person, right now." -Elon Musk >"The convoy technology, the tracking technology, this is something that we are confident we can do TODAY 10 times safer than a human driver. I WANT TO BE CLEAR, this is something we can do NOW!" -Elon Musk >Huh. But let's leave the legality of Musk's billions on the side for a second. And for those fans adamant that Musk bought Twitter for the greater good. >"...function of Democracy. It's important to the function of the United States. I don't care about the economics at all." -Elon Musk >"This is not about the economics. It's about the moral good that you think it will shape..." -Sycophantic Interviewer >Maybe now is a good time to remember that Musk spent most of the summer filing lawsuits to try and wiggle out of buying Twitter. Trying his hardest to renege on the deal. [...] It's well worth watching the rest of this hilarious and fact-filled chock-full-of-Musk-quotes video, and the entire series, as Thunderf00t publishes more every time Musk lies and loses billions of dollars, which is quite often: https://www.youtube.com/@Thunderf00t/videos https://www.youtube.com/@Thunderf00t/videos The Tesla-Bot videos are so much more side-splittingly funnier than any episode of Silicon Valley or Futurama or Rick and Mortey ever, but it's 100% totally true: Tesla-Bot BUSTED: Why you should NEVER believe Elon Musk! https://www.youtube.com/watch?v=JN-kajBcyew https://www.youtube.com/watch?v=JN-kajBcyew Tesla AI Day 2!!!! ITS HERE!!!! https://www.youtube.com/watch?v=Qxth7F8Y5jM https://www.youtube.com/watch?v=Qxth7F8Y5jM The Tesla Bot: BUSTED! https://www.youtube.com/watch?v=rmkFrv80b7Y https://www.youtube.com/watch?v=rmkFrv80b7Y

rolenthedeep 4y ago

I know these numbers are basically imaginary, but it sure is funny to watch

BMc2020 4y ago

LPT: Don't insult the people buying your cars while you are flailing at running twitter.

rolenthedeep 4y ago
Nah, this is all some brilliant galaxy-brain marketing ploy that we're too stupid to understand. You just gotta put your entire savings into tesla stock and you'll be rich like Elon in a few years!

siquick 4y ago

I had a ride in a Tesla for the first time the other day. Apart from the huge screen in the centre panel, it really did not feel like the luxury car it is portrayed as. Once the other big manufacturers are fully up to speed with production what really is the reason to buy a Tesla?

daniel-cussen 4y ago
[dead]
potatochup 4y ago
Access to the supercharging network.
- nextaccountic 4y ago
  isn't there any adapters for other manufacturers?
  - tannedNerd 4y ago
    No but the new super chargers going in next year will have a built in ccs adapter in the US. In Europe they all currently use the European version of ccs
- function_seven 4y ago
  My perception of Tesla’s supercharging network is that it was a huge edge 5 years ago, or even 2, but not so much anymore. Yeah, it may still be the densest, but generic chargers are popping up everywhere. If I’m deciding on which brand to go with today, the charging network doesn’t even make the list of considerations. In 2017 it may have been near the top of that list. Couple that with Tesla’s stale designs and continuous decontenting and I don’t see a Model 3 as all that compelling.
  - danw1979 4y ago
    Anecdata: I regularly stop at a UK motorway services (Hopwood Park, M42) where there are 16 superchargers (and have been for several years) and even on the busiest days there’s always been a couple free. Meanwhile over at the “public” “fast” chargers (4 of them) there’s regular contention, to the point of heated verbal disagreements between drivers one busy day this summer. (I thankfully drive a Prius which can make the entire 250 mile trip on half a tank of petrol.) Tesla have their own contention problems here and there, but I consider the supercharger network a definite competitive advantage over other EVs.

goldenchrome 4y ago

Everyone knew the stock was overvalued. The stock is now returning to sane levels.

more_corn 4y ago
It can go further, I assure you. They haven’t been forced to rename FSD yet. I wouldn’t be surprised if they are forced to stop selling it entirely. Refunding everyone who bought something that doesn’t exist wouldn’t be out of the realm of possibility either.
- dinobones 4y ago
  (I am a Model 3 owner). The viscosity of the kool aid on Twitter, even in 2022, is still shocking to me. I casually see conversations on Twitter where people are seriously discussing how they plan on monetizing their cars by using them as robotaxis. How the latest insert Tesla influencer FSD video was so impressive, that they'll be able to sleep in their commute anyday now. The reality distortion field around Tesla fanboys and FSD is one of the strongest RDF's I've EVER seen. I have used FSD. It is extremely stressful. It can't go more than ~5 miles without making a life-threatening mistake on my quiet suburban streets.
  - goldenchrome 4y ago
    It reminds me of how communists on Twitter will go on about how their job in the forthcoming communist utopia will be to teach part time classes on intersectional poetry and spend the rest of their time wandering the forests to connect with the earth.
    - solardev 4y ago
      Sounds nice, actually.
  - MiguelX413 4y ago
    Transit could solve that

ericbarrett 4y ago

This video showing the atrocious build quality in a new Plaid was making the rounds a while ago. It's not the only one of its type but I think it had unusually high distribution: https://youtube.com/shorts/_PbBkY6rfrI https://youtube.com/shorts/_PbBkY6rfrI I wouldn't be surprised if it was solely responsible for turning off thousands of buyers. Sure did for me.

horns4lyfe 4y ago
I have a family member with a model s plaid and have driven it quite a bit, it’s an incredible car that’s been flawless for years. So many car companies have put out dog shit for decades, I don’t understand why Tesla seems to get all the hate.
- doktorhladnjak 4y ago
  Elon Musk is pretty much single handedly destroying their brand as we speak
- cbeach 4y ago
  It’s political. I’m in the tribe that loves what Elon Musk is currently doing. But many are in the tribe that hates what Musk is doing because it threatens the arrangements that benefited their tribe for many years.
  - DonHopkins 4y ago
    You're in the tribe of fan-boy Musk stans who gullibly believe and parrot without question anything Elon Musk says no matter how ludicrous and manifestly false and cruel, who don't have the intellectual honesty or rudimentary research skills to bother expending the slightest effort trying to fact-check his obvious lies against reality, and instead knowingly spread his lies at the non-refundable expense of your own integrity and reputation, and then you suddenly go conspicuously silent when confronted with the objective evidence that you're deluded and spreading lies. Your admission of one-sided tribalism and hysterically thin skinned criticism of other tribes is purely psychological projection and an admission of guilt about what you're actually doing yourself. Is Musk's shutting down the suicide prevention system over Christmas and his pathological easily disproven lies about it (that his own very own latest Head of Trust and Safety Ella Irwin promptly contradicted in public and on the record) really the hill you choose to die on? That just goes to show what kind of a person you and Musk really are. It actually is just all about the cruelty, isn't it? Case in point: https://news.ycombinator.com/item?id=34122346 https://news.ycombinator.com/item?id=34122346 cbeach: Claimed “sources familiar with the matter” who can’t be named. Meanwhile the CEO of the actual company concerned confirms the news report of this notorious leftwing hack paper is factually incorrect. DonHopkins: Then explain why his latest head of trust and safety contradicted him. Her name is Ella Irwin. She's certainly familiar with the matter, and definitely not anonymous, and now you know her name. Musk is a bald faced liar, and you're willingly gullible to believe him, and dishonest to spread his lies and blame it on "fake news". Have any more false conspiracy theories you want to spread? https://www.mediaite.com/online/twitter-removes-thereishelp-suicide-prevention-message-then-restores-function-after-outcry/ https://www.mediaite.com/online/twitter-removes-thereishelp-... Twitter head of trust and safety Ella Irwin sent Reuters an email after the article was published. “We have been fixing and revamping our prompts,” she wrote. “They were just temporarily removed while we do that.” “We know these prompts are useful in many cases and just want to make sure they are functioning properly and continue to be relevant,” Irwin added. The two sources who told the Reuters reporters about Musk’s decision to disable the feature requested anonymity because they “feared retaliation,” the outlet reported. “One of them said millions of people had encountered #ThereIsHelp messages.” The decision to disable the feature — even temporarily — was sharply criticized, especially because of the timing during the holiday season. https://news.ycombinator.com/item?id=34127061 https://news.ycombinator.com/item?id=34127061 According to Musk himself, who is a liar, which is my point. It's pretty pathetic when his fan-boy stans spread his lies for him without checking the facts. That winningness to destroy your own reputation by lying for him is shameful and disgraceful. You should spend more time correcting your mistaken beliefs by learning the truth, than spreading Musk's lies out of intellectual lazyness and willingly gullible unquestioning ignorance. Why you should NEVER believe Elon Musk! https://www.youtube.com/watch?v=JN-kajBcyew https://www.youtube.com/watch?v=JN-kajBcyew Elon Musk, War Profiteering? W-T-F! https://www.youtube.com/watch?v=3qGg6wiXoSc https://www.youtube.com/watch?v=3qGg6wiXoSc Why you should NEVER believe Elon Musk! (part Deux) https://www.youtube.com/watch?v=uO9yw9QThzU https://www.youtube.com/watch?v=uO9yw9QThzU Elon Musks BIG mistake! https://www.youtube.com/watch?v=9sCYxE0_W-s https://www.youtube.com/watch?v=9sCYxE0_W-s Why you should NEVER believe Elon Musk! (Part 33 ⅓) https://www.youtube.com/watch?v=YrwkNp_AOjQ https://www.youtube.com/watch?v=YrwkNp_AOjQ cbeach: I know you're afraid to actually watch any of those videos, which totally undermine your trust in Musk and prove my point that he's a pathological liar, but you can't keep everyone else from watching them, because they're fucking hilarious and entertaining, and without watching them you're not remotely qualified to even attempt rebutting them. All you can do is cry "fake news" about the proof you refuse to watch and can't rebut, which is largely recordings and quotes of Musk's own words, without providing any facts or citing any true news.

footlose_3815 4y ago

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popilewiz 4y ago

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