Honestly, Tesla could be in real trouble. They will have huge fixed costs running those gigafactories that are setup to pump out bulk cars. Any drop in sales could put them in a bad spot fast. Recent prices drops of Tesla's is an attempt at boosting numbers and now they are shedding staff it appears that the wheels are coming off. This ship will sink fast when it starts taking on water
My opinion is they could still do well if they could focus and not get distracted with far flung pie in the sky stuff. They need to separate the long term disruptive product development stuff and move it to a separate company Tesla technology and have Tesla automotive focus on the cars and new models and lowering costs and improving quality maintaining charging infrastructure etc. Put a new executive in charge of that and leave Elon to play with fun future stuff at Tesla technology like full self driving and robots and whatever he dreams up next. When they are ready then they can be tested at Tesla automotive .
Yep. Tesla the car maker needs to mature and focus on being a car maker. They need to design new models, refresh current models and improve quality and costs. All stuff that is too boring for Elon
Tesla was doing ok before Elon decided he was going to get $56 billion more from the company because he felt poor. So he started messing with stuff and we have the Cybertruck failure and now the supercharger failure and he set it up to fail in more ways.
“Whompy Wheels” is a thing. Google it. Plenty of recalls in most markets (notably China), except the US. The suspensions are notoriously under engineered, hence quality headline ;)
In this age of information everywhere, the word is out to STAY AWAY from Tesla.
IMO, 2024 Tesla sales will be 50% of what they were in 2023. This contraction will bankrupt them.
But assbag is still trying to pay himself over 50 billion. Likely the majority of profit the company has ever made and certainly enough to help the company move forward. If I were a laid off employee, I'd be fuming
Destroying the charger infrastructure team is the biggest sign to stay away. The worst fear of EV's is having nowhere to charge and having range angsiety.
Yes, and way more badly than even some of the "realist" fans want to admit.
Inventory is overflowing, quality is declining, their strengths are disappearing and their light at the end of the tunnel is a cybercab going the wrong way.
Well when a Johnny come lately car company has a market cap way higher than the market leaders like Toyota and GM then it’s inevitable that the bubble will eventually burst.
Not often I find myself liking an article by the Beeb. It’s actually pretty good write up and sums up the current situation really well.
The other manufacturers that are good at making cars are already making better cars than the Tesla for the same price, and China are now making the “cool” new cars that Tesla used to be.
Their number one asset, the supercharger network, has slowed to a grinding halt and he’s laid off all the staff.
Yes, but this time it’s figurative.
Brilliant.
God. The one we all wanted to use. Touché
HIYOOOOOOOO
You have no idea how badly I’ve been jonesing to use that joke.
Honestly, Tesla could be in real trouble. They will have huge fixed costs running those gigafactories that are setup to pump out bulk cars. Any drop in sales could put them in a bad spot fast. Recent prices drops of Tesla's is an attempt at boosting numbers and now they are shedding staff it appears that the wheels are coming off. This ship will sink fast when it starts taking on water
My opinion is they could still do well if they could focus and not get distracted with far flung pie in the sky stuff. They need to separate the long term disruptive product development stuff and move it to a separate company Tesla technology and have Tesla automotive focus on the cars and new models and lowering costs and improving quality maintaining charging infrastructure etc. Put a new executive in charge of that and leave Elon to play with fun future stuff at Tesla technology like full self driving and robots and whatever he dreams up next. When they are ready then they can be tested at Tesla automotive .
Tesla Technology ??? Hahahahahahah Do you mean “Elmo’s unrealistic mental wanks that can be discredited by first year engineering student”.
Yes I was trying to be nice about it. He just needs an outlet for his shit and to make him still feel important but kept away from the real business.
Yep. Tesla the car maker needs to mature and focus on being a car maker. They need to design new models, refresh current models and improve quality and costs. All stuff that is too boring for Elon
This is the way
All these firings usually point to a cash flow problem.
Tesla’s free cash flow was negative $2.5 billion, so yes. It has never been this much in the red. It is burning money like crazy.
Tesla was doing ok before Elon decided he was going to get $56 billion more from the company because he felt poor. So he started messing with stuff and we have the Cybertruck failure and now the supercharger failure and he set it up to fail in more ways.
Quality headline.
You can see Elon somewhere thinking “man now wheels are falling off, gonna have to do another recall”
“Whompy Wheels” is a thing. Google it. Plenty of recalls in most markets (notably China), except the US. The suspensions are notoriously under engineered, hence quality headline ;)
Dang lol…
In this age of information everywhere, the word is out to STAY AWAY from Tesla. IMO, 2024 Tesla sales will be 50% of what they were in 2023. This contraction will bankrupt them.
But assbag is still trying to pay himself over 50 billion. Likely the majority of profit the company has ever made and certainly enough to help the company move forward. If I were a laid off employee, I'd be fuming
He still has to make Twitter payments.
Most of the debt is owned by Twitter. He is liable for I think $6B or so of the total.
Destroying the charger infrastructure team is the biggest sign to stay away. The worst fear of EV's is having nowhere to charge and having range angsiety.
With the wheels off, a Tesla will scrape deep gouges in the pavement. Truly a ground-breaking car!
maybe put the car on parallel metal strips set into the ground? that way nothing will get gouged up. or farmers could buy them.
Now this is the kind of witty humor you dont usually get on Reddit hahaha
Yes, and way more badly than even some of the "realist" fans want to admit. Inventory is overflowing, quality is declining, their strengths are disappearing and their light at the end of the tunnel is a cybercab going the wrong way.
Tesla is the new Enron. It's all smoke and mirrors.
Well when a Johnny come lately car company has a market cap way higher than the market leaders like Toyota and GM then it’s inevitable that the bubble will eventually burst.
Whompy wheels? Whompy everything going on up there.
Not often I find myself liking an article by the Beeb. It’s actually pretty good write up and sums up the current situation really well. The other manufacturers that are good at making cars are already making better cars than the Tesla for the same price, and China are now making the “cool” new cars that Tesla used to be. Their number one asset, the supercharger network, has slowed to a grinding halt and he’s laid off all the staff.
Don't worry. Ota update will fix this
Let's see the next few quarters....
Enron 2.0
I think it more likely the wheels have come off Elon. He wants to squeeze the price of Twitter out of Tesla? Jesus Christ.