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> The company's sales have collapsed across the world Well, that's news to me. According to Tesla's presentations and quarterly SEC reports, sales have most de
by cs702 1y ago
> The company's sales have collapsed across the world
Well, that's news to me. According to Tesla's presentations and quarterly SEC reports, sales have most definitely not "collapsed." In the most recent quarter, revenues decreased 12%, to a still-gargantuan $22.5B/quarter, compared to the same quarter last year. Compared to the previous quarter, revenues actually increased by 16%. Yes, increased. The business generated positive US GAAP earnings and positive free cash flow. The company ended the quarter with $37B in cash, compared to $31B in cash a year ago.[a]
Note that during the most recent quarter, the company had to change-over all its factories to start making the updated Model Y, its best-selling vehicle.
I'd be curious to see how the updated Model Y does over the remainder of the year.
It's hard to take the OP seriously when it exaggerates about facts that are easily verifiable.
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[a] https://www.tesla.com/sites/default/files/downloads/TSLA-Q2-2025-Update.pdf https://www.tesla.com/sites/default/files/downloads/TSLA-Q2-...
- grim_io 1y agoAh yes, the "hopes and dreams" stock valuation.
- cs702 1y agoI didn't say anything about Tesla's valuation. Please don't attack a straw-man.
- JohnFen 1y agoThe article is talking about car sales, you're talking about revenues. Those are two different things. For instance, a very large portion of Tesla revenues comes from leasing and carbon credits rather than car sales. In terms of car sales, Tesla's share of the market is at it's lowest point since 2017. In most of the world, Tesla sales are very significantly down.
- cs702 1y agoYear over year, vehicle deliveries decreased 13%. Quarter over quarter, vehicle deliveries increased 14%. That's most definitely not a "collapse."
- JohnFen 1y agoWhether or not it's a "collapse" is a matter of rhetorical style. I was just pointing out that you were comparing apples and oranges.
- cs702 1y agoI disagree: * Vehicle sales represent the bulk (typically, 75-80%) of Tesla's revenues, so I'm not comparing apples to oranges. * A decrease of 12-13% is not a "collapse." That's blatant exaggeration, not "rhetorical style."
- jqpabc123 1y agoA double digit decline is a collapse --- a collapse from the level of hype Musk has been putting out for a very long time. In 2024, Tesla projected sales to grow 30% in 2025.
- beardyw 1y agohttps://www.theguardian.com/business/live/2025/aug/05/bp-cost-cuts-profits-dividend-car-sales-services-sector-business-live-news-updates https://www.theguardian.com/business/live/2025/aug/05/bp-cos... Well I suppose a 60% fall isn't 100%.