Tesla profits fell 55% in the first quarter as a protracted EV price-cutting strategy cut into the automaker’s bottom line.
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.
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.
It was boosted by pandemic, but the trend is still going strongly, so that argument doesn’t hold any water.
EV sales have been steadily increasing
- Now-famous poor quality control
- Questionable design decisions like shifting with a screen
- Company smells Musky
Yeah, I’m sure it’s the hybrids.
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.
More likely under pressure from a CEO who doesn’t know what they are doing anymore.
Fuck I hope musk gets canned over this. I know the chances are near nill, but hey, a human can hope.