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Tesla earnings nearly halved as price cuts put pressure on profits (www.theguardian.com)

submitted 1 month ago by BrikoX@lemmy.zip to c/teslamotors@lemmy.zip

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CEO Elon Musk blames ‘bit of a hangover’ from rivals’ discounting but insists challenges are ‘fairly short-term’

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[–] protist@mander.xyz 20 points 1 month ago (1 children)

I'm sure this has nothing to do with Mr. Musk's personality putting off potentially millions of buyers worldwide, or with chaotic and unpredictable management that has everyone questioning Tesla's long term future

[–] Sterile_Technique@lemmy.world 9 points 1 month ago

Yeah I can't afford an EV anyway, but if I could, my search would start with "anything except a Tesla"

Fuck Musk, and everything affiliated with that clown.

[–] HAL_9_TRILLION@lemmy.dbzer0.com 8 points 1 month ago (1 children)

I think there might be a bit more than price cuts putting pressure on profits.

Pardon the pontification, I'm probably projecting.

[–] Raiderkev@lemmy.world 7 points 1 month ago

27% drop in California registrations in the last quarter. Go figure... When the CEO wants to be an alt right edgelord and your biggest customer base leans left because you sell fucking EVs. Maybe... Just maybe they don't want to give their money to an alt right edgelord. It's literally the opposite of Michael Jordan's "Republicans buy sneakers too" logic, and I'm glad the company is eating shit as a result. I hope they go fucking bankrupt.

[–] cordlesslamp@lemmy.today 2 points 1 month ago

Just fire some top engineers with a few thousand of the staffs and give Elon another 40 billions package, sure the profit will jack up in no time .