Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

  • hudson@sh.itjust.works
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    1 year ago

    maybe they should focus on making a decent product instead of manufacturing bs

    • OutlierBlue@lemmy.ca
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      1 year ago

      Well Musk is spending most of his time breaking Xitter lately so maybe the Tesla guys can get some good stuff done while he’s distracted.

      • stevehobbes@lemmy.world
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        1 year ago

        Probably not. Tesla is very dysfunctional as an org. He flattened it so much, and hasn’t appointed a real leader, while he’s distracted I bet they’re basically in a holding pattern.

        He motivated them by setting insane goals then driving them insanely hard and sleeping in the office and shit.

        If he’s not doing that, the company is, pardon the pun, on autopilot. Watch out for stopped emergency vehicles.

        • OutlierBlue@lemmy.ca
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          1 year ago

          It takes a long time for changes to trickle through the system.

          But yeah, it’s probably not going to happen.

    • dukeGR4@monyet.cc
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      1 year ago

      The products are decent. Just that there are a lot more competitions that make much better cars.

      • JJROKCZ@lemmy.world
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        1 year ago

        I wouldn’t call a $40,000 car whose panels fly off on the highway, decent

        • dukeGR4@monyet.cc
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          1 year ago

          over the course of 30 years*. people rarely keep cars for that long, let alone an EV.

          fact is Teslas still represent good value if you’re just after a base Model Y and 3. they’re are OK, average, decent.

          fit and finish is far from German counterparts but if you don’t care, and don’t want a Chinese EV either you’re left with Tesla.

          • RaincoatsGeorge@lemmy.zip
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            1 year ago

            Well, I’d say the value of the Tesla isn’t the car at all, it’s in being the first to popularize Evs, the brand they’ve built, and in the recharging network they’ve built.

            As far as the cars go theres just too many reported problems. Take the above things away and you’re left with just an ok car. Why would you invest all that money in something that’s just ok, especially when you can go to the nearest competitor who not only has way more money and experience in the industry but can produce a cheaper more reliable product. Not to mention the fact that they have the dealerships across the country to handle their vehicles and perform maintenance.

            Where tesla shined really was in how the brand became associated with success and quality, and in how large a recharging network they built. Nobody else has come close to achieving either. With musk acting like a dumbass they’ve lost the it factor. Should have been obvious with the cyber truck. Elon basically acted out that episode of the simpsons where homer bankrupts his brothers car company by designing a hilariously bad car. They do still have the charging network, and I think that value cannot be understated, but in 10 years ev charging will become ubiquitous and that won’t matter.

            Tesla was at its peak when musk mostly shut the fuck up and pretended to be the ambitious billionaire genius focused on the betterment of humanity.

            Now it’s clear that space Karen was little more than a guy who got extremely lucky in the early dot com days and amassed an insane fortune. Strip elon of his wealth and ask him to do it again and he would never be able to.

            It’s sad too, I wanted to get a Tesla but now there’s just no way. Not when Space Karen can just auto install some update that requires I pay a subscription to use the ac. Fuck that shit, too unreliable.

            • dukeGR4@monyet.cc
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              1 year ago

              depending on where you live, here in Australia some states have very strong tax incentive. So strong to the point whereby even an Accord or Sonata is priced similarly. For those that do not care about all these dramas or the technicalities of ownership the Model Y and 3 are both really good cars.

              i personally wouldn’t get one tho, if i had spend so much money i’ll probably save a bit more and get a used GR Supra or Civic Type R.

      • Flying Squid@lemmy.world
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        1 year ago

        A friend of mine rented a 2023 Tesla recently. He said there was a visible air gap between the trunk lid and the body of the car. That’s decent to you?

        • dukeGR4@monyet.cc
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          1 year ago

          lol, do you mean panel gaps? that has more to do with manufacturing process. I’m more referring to the features they provide for the price they’re selling at. They’re decent.

          I can assure you, cars can get a lot less decent than Teslas… Korean cars in the early 2000s for example…

            • dukeGR4@monyet.cc
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              1 year ago

              they have higher than reported number of build failures, such as presence of panel gap but that does not indicate ALL of them come like that.

              McLaren and Maseratis spring to mind, and have similar traits. It does not make them shit cars at all.

              • Flying Squid@lemmy.world
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                1 year ago

                No one said all of them came like that. Enough of them come like that that it is a widely-reported issue. They’re built like shit.