ELMO will surely sue the French customer for it.
Wait for it.
this post was submitted on 03 Feb 2025
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Yes, that’s it. Drag the French masses into this situation. I like the cut of their gibs.
Signed, random American.
The interesting part of the story is not so much that Tesla is losing -- it's who is winning. Electric vehicles are in MASSIVE demand throughout the world. The USA has responded more or less by putting an iron curtain in place against BETTER electric vehicles produced elsewhere. Sure, our governments use some scary words around Chinese imports, but look at their cars in isolation, especially BYD. By almost any metric you can imagine, BYD products are superior. The USA is temporarily putting their head in the sand about China. However, make no mistake, in other markets where there is FAIR competition, America's lunch is getting eaten. This cannot go on forever. Hopefully our US auto producers get their heads out of their ass and start competing instead of relying on tariffs to level the playing field. Tarriffs can make Tesla competitive domestically, but if you want to dominate the world, this is almost certainly not the way forward.
The EU has so many much better EV makers it is crazy. Siemens, Altsom, CAF or Talgo are superior in every way.
Are you expecting someone to say "I never heard of those" so you can share some gem of niche industry knowledge with us?
Sigh. Alright. "I never heard of those".
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I work in tech in Germany. My coworkers and I are the ideal Tesla customers. Nobody I know would consider buying a Nazi car.
Not many people want to be seen in a nazi car. Between that and twitter, the babyllionaire douche is really demonstrating his genius.
I use to want one. I was following news for them as electric cars were a bit of a hyper focus for me at the time.
My next car will very likely be full electric and there is no way I will own a Tesla now. I'm not even sure I would get one at this point if musk was no longer associated with it.
He has done everything he can to alienate the actual consumers of Tesla.
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there is no real reason to use twitter or a tesla at this point (outside of having bought one many years ago). Unfortunately spacex does not have a good alternate and im not really sure where the solar/battery stuff fall as far as their options compared to others.
im not really sure where the solar/battery stuff fall as far as their options compared to others.
For the residential market it looks like this.
Panels - Tesla solar panels are nothing special. They use other manufacturer's panels. They generally choose acceptable middle-of-the-road models, not the high end, not the low end.
Panel integration to homes - Telsa does have a clever part for linking into an existing home wiring panel that can be faster/cheaper that the common methods called a meter collar. However it is only certified for use in some states so far. Also, other companies are coming out with their own meter collar, but I concede that Tesla was the first to do this.
Battery - Tesla Powerwall is one of the most popular home battery options because of its large capacity relative to its price. However, there have been bad runs with some of its models with its inverter prematurely failing or running extra hot and shutting down. Overall its still considered higher quality unit and user experience. However, its not the only battery on the market. In the USA solar vendor specific batteries exist with pros and cons compared to Tesla. Enphase is one of the leaders in home solar, and they make an excellent (but expensive) battery system. Franklin also makes a vendor neutral battery that is highly regarded.
In all of these Tesla home solar products one thing that is universally agreed to is how horrible the Tesla customer service experience is. Getting a hold of a human is nearly impossible. When you do the human will frequently not follow up, and you'll find out that human is gone and you have to go through the process again to get your issue addressed. Replacement parts can be delayed by months mean, and not infrequently the subcontractors used to install the equipment cause problems or damage to the houses where the install occurs.
I chose to skip Tesla and did not use them for any of my home solar install and I'm very glad I did.
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And they haven't even slapped a bunch of tit-for-tat tariffs on them yet.
The people who buy electric vehicles are left-leaning people who believe in climate change. If I were a major Tesla shareholder I'd be howling to have Musk ejected while the company still has a chance to retain some goodwill.
Why? Shareholders do not care about the health of the company so long as its stock price is high. And Teslas stock price is not based on any fundamental principle of investing.
Their market cap, or the total value of all their shares, is currently worth more than the next 30 largest auto manufacturers COMBINED.
Let me put it this way: Every single car sold in the United States this year could be made by Tesla and they still wouldn’t even be close to being worth what they are right now based on company fundamentals. Thats how insane this is. Shareholders of the company couldn’t be happier and yet their company is declining in sales and killing off its customer base. Absolutely insane.
That sounds like a bubble that needs a pin 📌
People are still betting big on Tesla’s self driving and other technological advances.
Value of a stock isn’t just the current market success, but also perceived future value.
That said, Tesla is overvalued for sure.
I think that type of speculation is acceptable usually but their self driving tech hasn’t significantly improved in a while and has been out for years, so those expectations should be mostly priced in by now.
You add that to their falling sales figures and the fact that they spent crazy money developing cyber truck and have had multiple recalls on it already, the stock is completely out to lunch. Usually they’re somewhat in touch with reality. Like Apple is a bit out to lunch but its movement is still news-based somewhat. Not the case with Tesla, they’re not out to lunch they’re out till next year in Tahiti
I'd say they're more betting on his ability to convince road safety regulators to allow his automated death trap Johnnycabs onto American roads.
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I don't understand how the stock is STILL so high
One of the few conspiracies I actually subscribe to is that there is no legitimate stock market anymore, it is 100% under price control. Wins and losses - such as they are - are being determined by huge banks and hedge funds using AI algorithms, dark pools and phantom shares to maintain an iron grip. I got started down this path when I read Michael Lewis' book Flash Boys, which, like this video was made over 10 years ago.
I don't know that there's any sort of conspiracy, but it's definitely true that a huge part of the market is in "dumb money" -- index funds that just buy every stock weighted by market cap, and thus exert no influence on what the companies actually do.
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They released info to shareholders last week that showed an 8% drop in year over year sales... and yet the stock went up. Maybe people expected the drop to be even higher, so the drop was already priced in?? But it just feels like there is market manipulation going on.
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Not one more Tesla should be sold in any democratic country.
Sadly, he's already tapped the US Treasury like a Keg.
Good keep it going!
Whenever I see a Tesla, I immediately think of those fucking neo-Nazis and his weekly chats with the bastard Vlad.
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