this post was submitted on 20 Aug 2024
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Electric Vehicles

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cross-posted from: https://lazysoci.al/post/16752258

At this rate, he's gonna crash the whole company.

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[–] cron 43 points 3 weeks ago (15 children)

And the tesla market share dropped below 50% in the US EV market.

[–] jonne@infosec.pub 26 points 3 weeks ago (4 children)

Probably has a lot to do with mainstream car makers catching up, although Musk is definitely becoming a liability to the company.

[–] IrateAnteater@sh.itjust.works 35 points 3 weeks ago (2 children)

I think that's the biggest part. Tesla gained it's huge market share by having the right product at the right time with the right company image. Tesla should have been focusing on fixing their quality issues, and should have either booted Musk or chained a PR person to his side. Instead they put out the Cybertruck, which is divisive at best, and have a CEO who seems to be doing everything he can to destroy the good will of their core market.

It was inevitable that the mainstream manufacturers would catch up.

[–] jonne@infosec.pub 16 points 3 weeks ago

Yeah, they wasted time on cars like the Model X, semi and Cybertruck, all needlessly complicated vanity projects that took resources away from the Model 3 and possibly a Model 2. Not to mention the FSD that's been 2 years away for like a decade now.

If they stuck to their initial roadmap they would probably be in a way better position, although without Musk I don't know if they would've been able to juice the stock the way they have now. His cult is basically keeping the stock price irrationality high.

[–] legion02@lemmy.world 10 points 3 weeks ago (1 children)

Seeing a lot of ev6/9 and ionics around me lately. Hyundai/Kia picked a really good time to expand their lineup.

[–] Kecessa@sh.itjust.works 3 points 3 weeks ago

They just reached double digits % in the US market

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