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Why don’t we just wait to see how things play out before making that kind of judgment? Production has barely started to ramp.

by epgui 3y ago

drawkward 3y ago
Things have been playing out before our eyes for a few years now. I know, because I put down a deposit for a cybertruck on Day 1. Glad I canceled it several months ago.
cqqxo4zV46cp 3y ago
We don’t need Elon to discover the properties of stainless steel for us, thanks.
- epgui 3y ago
  I think you vastly underestimate the complexity of metal chemistry.
DonHopkins 3y ago
If by "barely started to ramp" you mean "paused". Edit: or "laid off more than 10% of their global workforce". https://electrek.co/2024/04/15/tesla-lays-off-more-than-10-of-its-global-workforce/ https://electrek.co/2024/04/15/tesla-lays-off-more-than-10-o... >But the squeeze on the company’s operating margin — which came in at 8.2% in the fourth quarter, down from the 16% for last year — remains, and Tesla has warned investors to brace that vehicle volume growth this year “may be notably lower” than the rate logged in 2023, noting it is “currently between two major growth waves.” https://www.cnbc.com/2024/04/15/tesla-shares-dip-in-premarket-trade-on-global-layoff-reports.html https://www.cnbc.com/2024/04/15/tesla-shares-dip-in-premarke... >Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo >The company’s stock was down 1.20% in premarket deals at roughly 7:30 a.m. ET. >“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Tesla CEO Elon Musk said in an internal memo obtained by CNBC. >[...] But the squeeze on the company’s operating margin — which came in at 8.2% in the fourth quarter, down from the 16% for last year — remains, and Tesla has warned investors to brace that vehicle volume growth this year “may be notably lower” than the rate logged in 2023, noting it is “currently between two major growth waves.”
gengwyn 3y ago
> Why don’t we just wait to see how things play out before making that kind of judgment? The car was announced in November 2019 - almost 5 years ago. Delivery was delayed by 2 years and the car still clearly has manufacturing defects. Things have played out.

Why don’t we just wait to see how things play out before making that kind of judgment? Production has barely started to ramp.

by epgui 3y ago

Why don’t we just wait to see how things play out before making that kind of judgment? Production has barely started to ramp.

drawkward 3y ago

Things have been playing out before our eyes for a few years now. I know, because I put down a deposit for a cybertruck on Day 1. Glad I canceled it several months ago.

cqqxo4zV46cp 3y ago

We don’t need Elon to discover the properties of stainless steel for us, thanks.

epgui 3y ago
I think you vastly underestimate the complexity of metal chemistry.

DonHopkins 3y ago

If by "barely started to ramp" you mean "paused". Edit: or "laid off more than 10% of their global workforce". https://electrek.co/2024/04/15/tesla-lays-off-more-than-10-of-its-global-workforce/ https://electrek.co/2024/04/15/tesla-lays-off-more-than-10-o... >But the squeeze on the company’s operating margin — which came in at 8.2% in the fourth quarter, down from the 16% for last year — remains, and Tesla has warned investors to brace that vehicle volume growth this year “may be notably lower” than the rate logged in 2023, noting it is “currently between two major growth waves.” https://www.cnbc.com/2024/04/15/tesla-shares-dip-in-premarket-trade-on-global-layoff-reports.html https://www.cnbc.com/2024/04/15/tesla-shares-dip-in-premarke... >Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo >The company’s stock was down 1.20% in premarket deals at roughly 7:30 a.m. ET. >“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Tesla CEO Elon Musk said in an internal memo obtained by CNBC. >[...] But the squeeze on the company’s operating margin — which came in at 8.2% in the fourth quarter, down from the 16% for last year — remains, and Tesla has warned investors to brace that vehicle volume growth this year “may be notably lower” than the rate logged in 2023, noting it is “currently between two major growth waves.”

gengwyn 3y ago

> Why don’t we just wait to see how things play out before making that kind of judgment? The car was announced in November 2019 - almost 5 years ago. Delivery was delayed by 2 years and the car still clearly has manufacturing defects. Things have played out.