4 ms·

Tesla profit plunges as sales fall and AI expenses pile up

77 points by rurp 9mo ago

rurp 9mo ago
And, of course, the stock price is up. I guess Tesla can keep skating above reality for more years.
- deleted 9mo ago
  [deleted]
- Havoc 9mo ago
  Problem with that is that it makes a catastrophic price collapse more likely.
  - verdverm 9mo ago
    I suspect the people who matter will get their $1T payday first
breve 9mo ago
> Musk told the World Economic Forum in Davos last week that Tesla would begin selling humanoids by the end of 2027: "I think everyone on earth is going to have one and want one." Sure. He also thought there would be a million Tesla robotaxis on the road by 2020: https://www.thedrive.com/news/38129/elon-musk-promised-1-million-tesla-robotaxis-by-the-end-of-2020-where-are-they https://www.thedrive.com/news/38129/elon-musk-promised-1-mil...
- tzs 9mo ago
  Anyone else concerned that "humanoid" is not followed by "robot" in that quote?
  - a_vanderbilt 9mo ago
    It might be wordsmithing to skirt around "robot" as a fully autonomous entity. Much like their FSD, I expect they aren't going to deliver full autonomy anytime soon.
- hshdhdhj4444 9mo ago
  My favorite is taking deposits for the roadster since 2017: > A prototype of the Roadster was shown in a surprise moment…with a tease of availability in the year 2020 > In July 2020, during the 2020 second quarter financial results conference call, Musk stated that Tesla plans to tentatively build the Roadster in California and production would be in the next 12 to 18 months, indicating mid to late 2021.[33] > In January 2021, Musk tweeted that production would be delayed until 2022. He commented that in 2021, the company would finish engineering the Roadster with the goal of having a "candidate design drivable late summer".[34] In September 2021, Musk said that production would be delayed until 2023.[35] Musk further confirmed the 2023 target at the 2021 shareholder's meeting in October,[36] which was then changed to 2024 at the May 2023 shareholder's meeting.[37] In February 2024, the production date was changed to 2025.[38]
  - deleted 9mo ago
    [deleted]
- testfrequency 9mo ago
  Wasn’t aware of this. Master con man play. Every. Single. Time. There’s blood in the water, he knows to drop outlandish forward claims just to keep the stock from dipping, his legion takes the bait. Justifies why it’s good the company is bad at x,y,z because the technology is “so good”. Meanwhile, what does ship is always broken and poor quality.
  - tim333 9mo ago
    He did deliver quite well with cars rockets and starlink. It went off the rails a bit with the cybertruck and salute stuff but most con guys don't build industries.
    - boogrpants 9mo ago
      [dead]
ChrisArchitect 9mo ago
Earlier: https://news.ycombinator.com/item?id=46801851 https://news.ycombinator.com/item?id=46801851
earsayapp 9mo ago
I remember in 2015 saying on HN Teslas will never truly drive themselves and was laughed off this site. Still not there a decade later and now Musk says they are moving on to humanoid robots, another thing that’s never going to really happen.
- powerbook5300CS 9mo ago
  My Tesla drove me to the supermarket today. I pushed a button and it took me there and parked in a good spot. It drove me to another state this summer. It works and works very well. Not sure if you’re up to date here because the full self driving is incredible. Nobody is even close to touching Tesla here, they’re 5 years ahead of any other car maker in this respect.
  - NicoJuicy 9mo ago
    Waymo is better
    - Zigurd 9mo ago
      Waymo is different. Waymo evolved over a period of 15 years into a mature and deployable robotaxi service. Waymo has a hardware strategy, enormous data infrastructure, real time data from 2 billion Maps and Navigation users, a support infrastructure that makes opex sense, which makes an ambitious expansion program possible. In other words it's got what it takes to be a real product and it is a real product. Possibly uniquely since the three Chinese Robo taxi services operates smaller fleets. Probably due to support requirements and a large number of interventions.
  - gamblor956 9mo ago
    If by that you mean in terms of fatalities, then you would be accurate. Tesla advanced-driving systems have more recorded fatalities than the entire rest of the automotive industry worldwide combined. It does not matter how you dice up the statistics (i.e., miles driven, risk levels of the drivers, by year, by location, etc). Tesla AP and FSD are the most dangerous driving systems on the road.

77 points by rurp 9mo ago

rurp 9mo ago

And, of course, the stock price is up. I guess Tesla can keep skating above reality for more years.

deleted 9mo ago
[deleted]
Havoc 9mo ago
Problem with that is that it makes a catastrophic price collapse more likely.
- verdverm 9mo ago
  I suspect the people who matter will get their $1T payday first

breve 9mo ago

> Musk told the World Economic Forum in Davos last week that Tesla would begin selling humanoids by the end of 2027: "I think everyone on earth is going to have one and want one." Sure. He also thought there would be a million Tesla robotaxis on the road by 2020: https://www.thedrive.com/news/38129/elon-musk-promised-1-million-tesla-robotaxis-by-the-end-of-2020-where-are-they https://www.thedrive.com/news/38129/elon-musk-promised-1-mil...

tzs 9mo ago
Anyone else concerned that "humanoid" is not followed by "robot" in that quote?
- a_vanderbilt 9mo ago
  It might be wordsmithing to skirt around "robot" as a fully autonomous entity. Much like their FSD, I expect they aren't going to deliver full autonomy anytime soon.
hshdhdhj4444 9mo ago
My favorite is taking deposits for the roadster since 2017: > A prototype of the Roadster was shown in a surprise moment…with a tease of availability in the year 2020 > In July 2020, during the 2020 second quarter financial results conference call, Musk stated that Tesla plans to tentatively build the Roadster in California and production would be in the next 12 to 18 months, indicating mid to late 2021.[33] > In January 2021, Musk tweeted that production would be delayed until 2022. He commented that in 2021, the company would finish engineering the Roadster with the goal of having a "candidate design drivable late summer".[34] In September 2021, Musk said that production would be delayed until 2023.[35] Musk further confirmed the 2023 target at the 2021 shareholder's meeting in October,[36] which was then changed to 2024 at the May 2023 shareholder's meeting.[37] In February 2024, the production date was changed to 2025.[38]
- deleted 9mo ago
  [deleted]
testfrequency 9mo ago
Wasn’t aware of this. Master con man play. Every. Single. Time. There’s blood in the water, he knows to drop outlandish forward claims just to keep the stock from dipping, his legion takes the bait. Justifies why it’s good the company is bad at x,y,z because the technology is “so good”. Meanwhile, what does ship is always broken and poor quality.
- tim333 9mo ago
  He did deliver quite well with cars rockets and starlink. It went off the rails a bit with the cybertruck and salute stuff but most con guys don't build industries.
  - boogrpants 9mo ago
    [dead]

ChrisArchitect 9mo ago

Earlier: https://news.ycombinator.com/item?id=46801851 https://news.ycombinator.com/item?id=46801851

earsayapp 9mo ago

I remember in 2015 saying on HN Teslas will never truly drive themselves and was laughed off this site. Still not there a decade later and now Musk says they are moving on to humanoid robots, another thing that’s never going to really happen.

powerbook5300CS 9mo ago
My Tesla drove me to the supermarket today. I pushed a button and it took me there and parked in a good spot. It drove me to another state this summer. It works and works very well. Not sure if you’re up to date here because the full self driving is incredible. Nobody is even close to touching Tesla here, they’re 5 years ahead of any other car maker in this respect.
- NicoJuicy 9mo ago
  Waymo is better
  - Zigurd 9mo ago
    Waymo is different. Waymo evolved over a period of 15 years into a mature and deployable robotaxi service. Waymo has a hardware strategy, enormous data infrastructure, real time data from 2 billion Maps and Navigation users, a support infrastructure that makes opex sense, which makes an ambitious expansion program possible. In other words it's got what it takes to be a real product and it is a real product. Possibly uniquely since the three Chinese Robo taxi services operates smaller fleets. Probably due to support requirements and a large number of interventions.
- gamblor956 9mo ago
  If by that you mean in terms of fatalities, then you would be accurate. Tesla advanced-driving systems have more recorded fatalities than the entire rest of the automotive industry worldwide combined. It does not matter how you dice up the statistics (i.e., miles driven, risk levels of the drivers, by year, by location, etc). Tesla AP and FSD are the most dangerous driving systems on the road.