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Tesla reports steep drop in profits despite US rush to buy electric vehicles
- electric_mayhem 1y agoWow, it supports m1 and m2 Macs! I kind of love the idea of getting back to a proper Unix environment on a reasonably current Mac.
- geoffpado 1y agoI think you might have posted this to the wrong comments thread.
- dboreham 1y agoPerhaps we just missed a tweet where Elon announced 4.3 BSD for ARM64.
- electric_mayhem 1y agoIndeed- comment was intended to be on the openbsd release announcement. No idea how it ended up on this one.
- leptons 1y ago>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month. WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.
- bpodgursky 1y agoThe articles are stupid. It's up to $1T IF he raises the stock price ~7x. It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it". It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.
- amanaplanacanal 1y agoFrom an outside perspective, it feels wrong that the goal isn't higher earnings but a higher stock price. They don't care about actually creating value, just keep inflating the bubble and you're golden.
- next_xibalba 1y agoThere are multiple milestones. Earnings is one of them. So it's actually even harder than just an earnings target.
- LanceH 1y agoIf a trillion dollars is on the line, could the stock be manipulated to be higher than that for less than a trillion?
- 3eb7988a1663 1y agoOther private Musk companies (SpaceX and xAI) just bought fleets of Cybertrucks. One may wonder what exactly they would do with so many vehicles other than boost Tesla's share price.
- palmotea 1y agoThey need them for the Mars colony, duh. You can't drive a gas car on the moon.
- oskarkk 1y agoMusk's companies buying hundreds or thousands of Cybertrucks is of course good for Tesla, but the impact on finances (and the stock price) should be minimal. Tesla has the capacity to make ~30k Cybertrucks/quarter, and it seems they sold only ~5k of them in Q3. So unless these companies would buy thousands of them per month, it's nothing.
- Zigurd 1y agoCould TSLA be manipulated? With a priced earnings ratio of 300, the question is: how much more manipulated? How about all of the other fashy tech bros with ridiculous valuations in public and private companies?
- next_xibalba 1y agoIt's almost entirely milestone/incentive based. Should Tesla continue on this trajectory, he won't see a dime. Tesla has to hit an $8 trillion market cap, deliver 20 million vehicles, and 1 million robotaxis, and $400 billion in adjusted earnings. Were Tesla to hit those numbers in the specified time frame, Musk's comp would be worth every penny to investors.
- bryanlarsen 1y agoYeah, I'd have no trouble voting for that $1T package. There are way too many conditions. There are lots of ways Musk doesn't get paid. The original $56B package was only revenue and stock price based. If it was like this one, it would also have been based on car deliveries, and solar installs, and stationary battery sales. He would have totally missed on the solar installs, despite being massively successful on everything else.
- next_xibalba 1y agoAlso, the basic game theory is obvious. If it’s voted down, Musk might leave, in which case the stock price plummets.
- leptons 1y agoMusk leaving Tesla would be the best thing for the brand. They really don't need him, he's become an albatross.
- tim333 1y agoIt Musk left and Tesla became a normal car company valued at similar multiples to the other ones it wouldn't be good for Tesla shareholders.
- oskarkk 1y agoBut if Musk left Tesla and the stock plummeted, Musk's wealth would also plummet (Tesla is ~1/3 of his publicly known wealth). So I don't think leaving Tesla is in his interest even if it were voted that he will never get any compensation. If Tesla's value increased, his wealth would also greatly increase, so he should be motivated anyway. With that in mind, other stockholders may vote against the package even if they want him to stay, because it's not in their interest to have their shares diluted to give even more shares to Musk.
- myko 1y agoThe Nazi salute was the end of it for a lot of folks who had given him grace for awhile What a monumental fall
- musicale 1y agoPerhaps they will buy a Ford or Volkswagen instead.
- V-eHGsd_ 1y agoTwo companies that aren’t currently being run by people throwing nazi salutes; great choices.
- deleted 1y ago[deleted]
- astahlx 1y agoJust try and VW ID7 or Audi A6 etron.
- rsynnott 1y agoIf Zombie Ford was still going around pushing antisemitic propaganda, this might be a better argument. As it is it’s just a little silly.
- takeda 1y agoHey, once musk is dead I'm willing to consider Tesla as well.
- musicale 1y agoI think Musk has announced that Teslas will no longer be made by forced labor.
- wiredpancake 1y ago[dead]
- TGower 1y agoVery hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competitors." Also the claimed "Rush to buy electric vehicles" put revenue only 2% above expectations?
- wrigby 1y ago> Also the claimed "Rush to buy electric vehicles" put revenue only 2% above expectations? The rush to buy electric vehicles was baked into the expectations, so beating by 2% is still noteworthy.
- ternus 1y agoPresumably they mean the Model Y Standard. The existing model became the Model Y Premium.
- Retric 1y agoThey just refreshed the Model Y with a new “standard” model which they are also just calling Model Y with the old base model now being called Premium. So what they said is correct but a little misleading, perhaps as a dig on Tesla’s naming conventions.
- 3eb7988a1663 1y agoBlame Tesla for the branding. Wikipedia on the Model Y L[0] In June 2025, Tesla introduced the three-row, six-seater version of the Model Y, marketed as the Model Y L.[84] Debuting in China and produced at Gigafactory Shanghai, the variant introduces a six-seat configuration with a lengthened cabin and upgraded interior features. It is equipped with 19-inch aero wheels in a new design and offers a new exterior colour option called Cosmic Silver. Deliveries in China commenced on September 2, 2025.[85] [0] https://en.wikipedia.org/wiki/Tesla_Model_Y https://en.wikipedia.org/wiki/Tesla_Model_Y
- deleted 1y ago[deleted]
- randycupertino 1y agoSo much of their planned earnings was coupled with cozying up to the current political administration: > The loss of EV credits as a result of Donald Trump’s One Big Beautiful Bill Act was a factor in the public breakup between Musk and the president and has continued to influence the company’s sales forecasts. > Musk has also insulted Sean Duffy, the US transportation secretary, this week in a series of posts that included calling him “Sean Dummy” and reposting calls for him to be removed from his post. Duffy, who is also acting head of Nasa, stated on Monday that he would reopen the bidding for contracts related to the space agency’s Artemis moon mission because Musk’s SpaceX rocket company had fallen behind on its timelines for the project.
- neilv 1y agoIs anyone buying Teslas in blue states, since Twitter/X, Nazi saluting, DOGE, etc.?
- unsnap_biceps 1y agoAll states are purple. Of course there's folks in "blue" states that are buying Teslas. And there's folks in "red" states that are boycotting Tesla.
- ta9000 1y agoExcept for Wyoming.
- mindslight 1y agoThat's because the map just shows discrete pixels of blue/red, one for each person.
- ta9000 1y agoToo true. Beautiful country though and the people were friendly.
- pacomerh 1y agoOnly those who don’t care about what’s happening and keep their heads down in order to maintain their perfect and convenient lives.
- slumberlust 1y agoLots of cybertrucks here in NH. No insurance mandate helps I guess.
- DanOpcode 1y agoJust guessing, but wouldn't surprise me if most luxury brands are struggling at the moment. I don't think this is the right time to buy a brand new, luxury car for most people. Considering the inflation, unemployment and uncertainty.
- akmarinov 1y agoIs Tesla a luxury brand? They don’t sell a car over 62000€ in Europe.
- astahlx 1y agoTesla is not a luxury brand, but they ask for premium prices, compared to the value (worst in ADAC statistics on repairs) “ In 1974, a new car cost an average of 5320 euros. The average income was 13,928 euros per year, so a buyer had to work for an average of 4.6 months for a new car. 20 years later, it was already 7.4 months per new car. Until 2019, this number remained stable, but then it skyrocketed. Today, a buyer has to spend all his income from 9.6 months of employment to buy a new car. For more expensive e-cars, it is even 11.4 months. The reason is stagnant incomes, but also high profit margins of the manufacturers.” https://www.tagesschau.de/wirtschaft/verbraucher/kosten-autos-deutsche-hersteller-100.html https://www.tagesschau.de/wirtschaft/verbraucher/kosten-auto... From my personal perspective, as an employed software engineer, all cars over 50k are luxury.
- bagavi 1y agoThe value derived and average usage of a car has increased too... Also the financing around cars have made it smoother to buy one. Also Electric can demand a premium because they save on gas costs.
- deleted 1y ago[deleted]
- dotnet00 1y agoI think insurance considers Teslas to be luxury vehicles?
- theshrike79 1y agoAh, this explains why they have a 0% interest offer for Model Y over here =)
- Simulacra 1y agoBut is this still more because of Musk, the car, or the subsidy? Many seemed to adore Tesla the vehicle (AOC famously had trouble giving hers up) and then turned against because of Musk. Other's turned away from EVs because of the removal of subsidies etc. So which is it really, or is it a mix? Political, Personal, or Financial?
- stunt 1y agoI live in Europe and drive a Tesla, so I occasionally chat with other Tesla owners. Many of them make a point of mentioning that they bought their car years ago and probably wouldn’t have made the same choice if they’d known about Musk’s activities in Europe. Some even seem worried about being judged. I’m fairly certain that the overall decline in interest is mainly due to general economic uncertainty and the phasing out of EV incentives in various countries. But I’m trying to say that it’s clear that Musk’s reputation has taken a hit! ironically among some of the very demographic groups most likely to be Tesla customers.