Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.

48 points

Haha yes. I’m sure it’s the hybrids (which have always been competition) and not the unhinged CEO, poor quality forcing recalls, poor progress at self driving to a point it is being overtaken by other manufacturers and a general drop in brand confidence.

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-7 points

It’s both. Hybrid popularity skyrocketed during the pandemic.

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15 points

That’s mostly because used cars cost as much as new cars, and new cars were hard to come by thanks to chip shortages, so if you wanted a car you got what you could get. Everything sold during the pandemic.

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2 points

It hasn’t slowed down in the slightest

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-7 points

It was boosted by pandemic, but the trend is still going strongly, so that argument doesn’t hold any water.

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21 points
  • Now-famous poor quality control
  • Questionable design decisions like shifting with a screen
  • Company smells Musky

Yeah, I’m sure it’s the hybrids.

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11 points

I mean that an combined that the CEO is a openly right wing douche and they aren’t making affordable cars for middle class and the recent cyber truck fiasco and the fact that they can’t get the full expanded credits and the other car companies have made significant strides to catch up and exceed Tesla’s autonomous driving. But yeah, it’s just hybrids.

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3 points

Thank you! Somebody said it!

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1 point

Well, there’s folks like me that don’t want EVs but want hybrids. I’m sure that plays into it in some small way. Definitely dwarfed by all your reasons though

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11 points

More likely under pressure from a CEO who doesn’t know what they are doing anymore.

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3 points

He’s bored with it and wants to play with his bird.

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10 points

Fuck I hope musk gets canned over this. I know the chances are near nill, but hey, a human can hope.

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1 point
*

Musk is going to be a case study in the future of having it all, and just goes off the rails, will be interesting to see the final chapters of this chaos.

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Tesla

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About Tesla

Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.

They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.

Tesla’s mission is to accelerate the world’s transition to sustainable energy.

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