34 percent depreciation after one year and 6,000 miles
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
But yet the stock is still above 300. The valuation of this company and the stock price do not correlate.
Never have. The stock market is a glorified casino. Prove me wrong. The entire basis of the stock market is a joke.
Maybe you are a bit wrong ;) casino’s use real money. Stock markets don’t. It’s lots of money that just isn’t there. It’s all made up. If you have 5 million shares of $1 it looks like you have 5 million. Try to sell them at once to become that millionair, there is suddenlyy too much for sale, price drops and they become worthless.
Its an investor cult. Like Bitcoin. The valuation and the real world tangible value are completely disconnected.
Tesla is the original meme stock.
That’s because Tesla is a shitcoin on the stock exchange. It has the same qualities as Gamestop and BBBY. It will operate that way until it no longer exists, with holders diamond-handing it into oblivion through tears of rhetoric.
Ya 6 billion in the bank cash. 0 debt. The only CEO on the planet that does not take a salary. Does Lemmy have a remind me feature?
The stock price has always been a load of crap.
The stock market is legalized gambling on vibes.
Stocks isn’t necessarily done on vibes. You’d be surprised that there is a pattern to the stock market that you can take advantage of to make money. Unlike gambling where there isn’t really much of a chance of winning if you do the math (because a lot of gambling are rigged), with stocks you can make a calculated risk but with surer chance of earning big if you do the proper research on what you’re investing in and the stock market itself. Sure there is insider trading, but most stocks typically go back up again if the fundamentals of the instrument are sound. I mean, how many ordinary people earn six figures or become millionaires from playing casinos in comparison to those who invested in the stock market?
Musk’s political activities have soured public opinion on the company and contributed to declining global sales.
That’s not a political opinion. He did a Nazi salute on live tv
Not the collapse I’m hoping for, guess I gotta wait a little longer for that one.
This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.
Liquidate Musk
Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
Because they’re actually good cars and they come in varieties other than sports. Tesla has always had this problem that as soon as real car companies come along their own vehicles start to look less appealing in comparison. Just look at the explosion of electric pickups. And then Tesla answer that with the cybertruck, seriously that was the best they could do?
They had it all their own way at first because there were virtually no other EV car manufacturers. That is now starting to change and they haven’t responded to that threat in any real way.
And that’s despite a 27 percent tariff on Byd by the EU, which is even more embarrassing for Tesla.
That’s also Tesla’s fault. They massively overprice their cars so that even when they’re competing against a tariff their cars are still more expensive than the competitions.
Oh and BYD cars have actually decent self-driving capabilities. Not that it’s 100%, but it’s a lot better than Tesla’s offering, and unlike Tesla you don’t have to pay extra for it, it’s just standard.
Did u Americans even know there are BYD dealerships all over EU?
Tesla can’t compete on price and that’s the only metric that matters in capitalism.
We aren’t under capitalism anymore. We are transitioning.
At one point the merchants made more money than kings and that’s why we are under capitalism.
Now tech has made all of the money, and holds most of it, and so we transition again.
They don’t care about the old rules, that’s why they are breaking them.
Musk doesn’t need Tesla. He already has everything he needs to be a borderless king. So he is.
It’s you and I that need to care about money, but the oligarchs have transitioned from it already and no longer need to care.
Can Ford hand over their Edsal trophy now for the worst American vehicle made? At least the Edsal was ahead of its time and looked like an actual car. Apparently still worth around $25k too! $65k if you find one with all the bonus features…
It is a good deal now but I am afraid people will throw stone at me.
Give all the issue they have, both safety and build quality, it’s still a bad deal. Driving a death trap that can be defeated by a large puddle isn’t worth getting for free.
People will shit talk them yet no one can face the fact a model 3 from 2018 is still ahead in features and is still one of the safest cars on the planet…
That’s the fucked up part, Internet will bend the reality to fit its ideology. To me, there’s nothing more offputting. My model 3 from 2021 is doing 4.3 miles per KW at 82k miles doing nothing but 70 mph on dual carriage way
This is from today. You go drive a Ford, you’re not getting these figures RIGHT NOW in brand new dsmo car. No one does phone app the way Tesla does. At most you can use NFC to open it, but the wireless entry? Yeah, it’s not even up for debate. And we’re not talking about the wireless key that can be “hacked” by a wire and car stolen… Or should we talk how charging costs £0.24 on tesla super chargers vs £0.79 for everyone else literally on the other side of the car park? No? Those things are irrelevant now? BUT THE CYBERTRUCK THO!!
As you can see, I’m triggered by stupidity. I simply cannot find a sane place online. But in person? People are still asking me about it. I had 2 bad comments in the time I had it. One from some kid wanna be petrol head how all EVs are shit, unprovoked, I don’t even know him or even looked at him and another jealous twat, I’m sure it wasn’t because of the car but aimed at me…
That’s it. That is the real world out there. Lemmy, reddit, bluesky etc are just echo chambers.
Far from safe and riddled with defects. The cheap door handle design alone to skimp on the cost of a few latches making them death traps, coupled with the laminate glass on every window so you can’t break out is ludicrous. Skipping out on lidar or radar to rely solely on optical safety sensors is babytown frolics, when proven multi-sensor designs that can actually see better than humans already exist.
They also don’t locate the brake lines in proper locations, causing them to prematurely rust out and break, but who cares about being able to stop, right?
It is hilarious watching the glitchy car UI constantly misidentify objects as it drives by them, though.
Who cares about a phone app? They are supposed to be a thing you drive.
Cars designed via broken software design principles is the dumbest thing ever.
Hope you are able to get something safer once you realize how terrible they are, before it hurts or kills you.
Cool Googling brah. The usual bullshit of gathering articles, because no other car has ever had an issue… Those crazy folks doing crash testing must be clearly paid off and EU just giving all of this a pass… Yeah, they surely are happy to let this sell.
While you’re at it, what colour is the sky in your world?
You’ve addressed nothing from my comment but ridiculed something that’s so advanced, you have zero comparison. The usual behaviour. It’s pathetic really.
You’ve addressed nothing from my commen
The irony…
I’m sure those internet points mAke you feel like quite the winner. Pretty much all your remarks and “rhetorts” are from the same playbook.
Come back when you have something unique to say. Or don’t. I doubt you’re capable of self-thinking.
…and again…
Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.
I would be surprised if an incel camino lasts 3-4 years of regular driving.
Why is this the first time I’m hearing it called the “incel camino”? That’s great.
Edit: Left out a word 🤦♂️
Because technically if you chose to buy one, you volunteered to be celibate. So there is no involuntary about it. They just don’t realize it. They should have read the fine print of their fash wagon closer.
Honestly I think these are probably better designed and more durable.
I thought you were going to link to a Trabant, but I’ll also be with you that any vehicle in Robert’s fleet is more durable and better designed.
TBF, incel is also a misnomer. They are voluntarily celibate
incels use it, as way to excuse thier shitty creepy behaviour around woman.
These days, yes. It’s original usage not so much. The origins of the term Etc are actually a recent read. Far cry from what its been twisted to these days.
There’s a good chance it’ll kill the owner sooner rather than later, so it’s an accurate statement.
after spending 100k+ on it, its a copium for them.
I’m happy they bought it because they thought it would make them feel cool and get noticed, and now they know everyone who sees them driving it thinks they’re an idiot… at best. Best possible outcome for both musk and the cybertruck crowd.
i noticed 2 types of people drive it, 1 musk , trump supporters, the other buying it because some had a new apple phone type of people, then they want it, so impulsive buying.
Infamy or Fame
Noticed them though right :Dthey cant think that abstractly.
Elon Musk is a Nazi
This story combines like 3 headlines worth of bad news into one shit sandwich, and man the whole deal tastes like Schadenfreude feels XD
The media is no longer interested in putting a positive spin on Tesla, or any other Skum business. Every earnings call is going to be worse than the last one, which will just accelerate the decline. The damage to the brand image is irreparable, and directly attributable to Skum’s irresponsible ego bender, and a brutal shareholder lawsuit is inevitable.
Tesla will be bankrupt in less than 2 years.
I see the same but cannot for the life of me understand how the stock isn’t shitting the bed. The whole US market is irrational at this stage but Tesla is just ridiculous
A lot of people still believe Musk is some sort of tech genius, and he will revolutionize AI and robotics with Tesla.
But Tesla isn’t even among the leaders in anything anymore, either Electric cars, or self driving, or AI/robotics.
Tesla boasted the most profitable car production a few years back, and people think he is also some sort of production of scale genius. But today Tesla is selling every car at a deficit!
Their profits comes mostly from selling CO2 tax credits and then some from financial gains. The main business is losing money already, and that will probably get worse as the competition out-competes Tesla heavily in China and EU, and only USA remains as a niche market for Tesla behind a protective wall of import tariffs.lol no.
It’s a meme stock.
He can keep Tesla stock high by doing something extreme. He just needs to keep being more extreme than the last time. Buckle up buckeroo.
Maybe I’m naive, but I generally like to think that at some point people wise up. But Trump has proven me wrong way more clearly than I’d like to admit.
So maybe you are right?
I really think people are banking on him buying a public contract to make the government use teslas.
That won’t cut it. This could work for SpaceX but not Tesla.
There’s already a $400 million deal to buy armored Cyber trucks.
I think his wild promise around the self driving taxi is protecting the value some. It’ll never get off the ground though, and I think once that reality hits the stock will tumble again.
It’s already down 45% from its high, and it’s never going back. That high was all a delusion, based on nothing but faith in Skum, and now that we know him, people don’t have that same faith.
The stock is being supported at this level by institutional investors. Every big fund holds a large chunk of Tesla stock, but that will start to change. With each successive disastrous earnings call, the stock will shed more and more investors, and at some point, the big institutional investors will start to dump it, too, and then it will properly crash.
Thoughts and prayers to the wealthy attention-whore douchebags that were affected.
Maybe they can make their money back from YouTube videos tipping CyberTruck over cliffs etc
Hilarious and deserved. They should have built something useful instead of overhyping a truck that can’t do truck things and gets bricked by rain or broken latches.
What sucks - I fund this abomination because as a US citizen I cannot buy cheap byd because they keep them out to prop up Tesla shit
Wdym?
I know they’re not cheap but there are way better options now: Hyundai, Volvo, Rivian, etc are making EVs. Hybrids (especially plugin) are available from some of the most reliable companies, ie Toyota.
Just passed a Tesla lot today and it was packed full of these trucks, and cars. All were covered in dust.
I read that as rust. thinking that must be some low quality stainless on those trucks.
as they should be.
That’s just how they look clean. That metal doesn’t last. It also gets wobbly. Warpy? Like… it’s not that super flat metal anymore.
They look awful. Good.
Someone in my town owns a cybertruck. The metal started getting badly discolored so they painted it black. It doesn’t look any better in black.
Yeah I see painted ones too. That’s like painting a DeLorean though—tacky.
I saw one that had been painted a matte black, and I gotta admit, it actually looked pretty cool. Still a wildly impractical, deathtrap of a car, but it did look like a cool vehicle you’d see in a sci-fi movie.
