11mo ago

Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

apnews.com

Tesla's 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans

Big declines in TSLA profitability this past quarter.

30 comments

The only thing tesla ever had going for it was being first.
They haven’t innovated and instead build increasingly worse cars.
Do you enjoy receiving a brand new vehicle which then immediately needs to go to a garage to actually fit the panels correctly?
Buy muski boys shitheaps
- Tesla wasn't first but they were the only ones to really break through, finally, and make EVs viable. So many failed attempts by others up to that point. Getting past the fossil fuel mentality and industry pressures was never a given.
  But he's throwing all of that lead in the trash.
  
  Sure, I don’t disagree. I should have said “first to make them viable”, like you have correctly stated
- I was into the Cybertruck until Elon dropped the $40k trim.. I really wanted a basic truck that was viable as a daily driver.
  
  Watching musk over the years running his companies into the ground, I always assumed that trim would never materialise
Yeah it’s a real mystery
1.5 billion in profit? How the hell does that justify 54 Billion in payment, how is the company profitable?
Never forget he littered space with a Tesla roadster:
“Researchers had already looked into the chances of the car impacting Earth some day, and calculated the odds at just 6% within a million years. The team also worked out that the Roadster will make a close(ish) encounter with Earth in 2091 when it will come within a couple hundred thousand miles (a few hundred thousand kilometers) of the planet where it was made.”
What a fucking asshole.
If the quality and customer service were there and musk was no longer there, I would very gladly buy one.
- Elon already fired 10%+ of all employees, including the entirety of the Supercharger team.
  I don't expect much quality or customer service moving forward.
- Same. I'd love a model S if it was what it seemed and that raving douche wouldn't profit.
  
  I mean I would love to get a used model 3 for like 20k if it wasn't for that fascist fucking pig.
TSLA was always a bubble
Good thing they gave the man child that bonus.
- Seems almost like the board didn't have the best interests of the company in mind.
good thing they pay their ceo 30x that.
The brand is dead to me, until Musk is pushed out or divests.
Rivian has none of their baggage.
- Just as anti-union.
- They also don't have any affordable vehicles, and are also a shitty company.
  Tesla offers a lot of value for money in the EV space. Nobody else comes close. Unfortunately that means dealing with Musk, and I'll be waiting a few years to buy the wife an EV, maybe everyone else will catch up.
Good, fuck that guy.
Can't wait to exchange my MY for an R3X
I'm interested when the model 2 hits.. Though I wish we'd relax tariffs on Chinese vehicles.. Maybe a tiered system where vehicles under 20k get no tariffs, then it goes up from there
Welp...I didn't do my research... he's a dick but I want to be correct in my dislike
Lower sales and lower sales price will do that. In the US Tesla still has no competition but it is a different story in the rest of the world
- They have competition in the US now. KIA and Hyundai are the number one sellers in the past few months. The Ionic 5 is was the best selling EV in the US in Q2, for instance.

30 comments