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Tesla’s in its flop era (www.theverge.com)

submitted 7 months ago by Stopthatgirl7@lemmy.world to c/technology@lemmy.world

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When Tesla releases its first quarter earnings this afternoon, the company’s CEO Elon Musk will field the usual questions about new products, new factories, and progress toward its futuristic vision of self-driving cars and robot workers. But Musk will also face increasingly urgent questions about its current state of affairs — and why everything seems to be going to shit.

Earlier this month, the company reported its first year-over-year sales drop in four years, a sign of rougher waters ahead. Tesla’s stock has fallen more than 40 percent since the start of the year, including a 13 percent drop in the last week. The company laid off over 14,000 employees last week, 10 percent of its global workforce — which could end up being closer to 20 percent when all’s said and done, according to Bloomberg. Today’s earnings report is expected to include Tesla’s lowest profit margins in six years, a sign that rampant price-cutting continues to exact a toll.

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[–] Treczoks@lemmy.world 94 points 7 months ago (17 children)

Since Musk outed himself as pro-right-wing idiot with his X fiasco, the mostly left leaning electric vehicle crowd is looking for untainted brands.

[–] OpenPassageways@lemmy.zip 2 points 7 months ago* (last edited 7 months ago) (8 children)

This probably is true for some people, which is why I hope he steps down.

Me, I'm waiting for the prices to come down (more than the recent price cuts) on the Model 3, or for a more affordable AWD EV with similar range to become available.

I order online from Amazon and Walmart too, it doesn't mean I agree with their CEOs, board, or business practices. The shit those companies get away with is arguably worse than Musk's right wing BS on X, with union busting and employees depending on benefits to survive.

If you're able to make a statement and buy something else, great! I support that. My requirements for a vehicle are: full EV, AWD, 300+ mile range, final cost under 40k. The access to supercharging also seems nearly essential, but I'm willing to explore my options if they meet the other requirements. I also never want to buy from a scumbag car dealer again. That really doesn't leave me any other options that I'm aware of.

If not, I guess I could stick it to Elon and just buy another ICE vehicle...

[–] AngryCommieKender@lemmy.world 3 points 7 months ago* (last edited 7 months ago) (5 children)

Chevy Bolt is full EV, and only $12,000 after some rebates that may only apply in California. It doesn't have 300 mile range, only 250-280. I haven't actually checked, but I think it has a motor on each wheel, so that would be 4WD. Unfortunately, they have decided to discontinue the Bolt after this year.

Edit: I just checked and, nope it's a FWD.

As far as the dealer is concerned, you can go to the manufacturer and buy directly. They cannot advertise to you that this is an option, in the US.

[–] bilb@lem.monster 3 points 7 months ago

I really like my Bolt, it perfectly suits my needs and I love driving it. I think the biggest compromise that makes it unattractive for long distance travel is the relatively slow charging speed. I very rarely do that, however, and if I did I might rent a different vehicle.

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