364
Tesla slashes vehicle and self-driving-ish software prices as shares plummet
(www.theregister.com)
this post was submitted on 23 Apr 2024
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Tesla is nothing more than an elaborate stock pumping exercise built on a business of selling crappy cars to techbros. It’s valuation is propped up by lies, hype and virtual signaling. It also can’t survive without copious amounts of government subsidies and low interest loans, since the car business is so capital intensive. At some point, all of these problems will come to a head. It’s a matter of when, not if, that Tesla collapses in some form. Though it may be bought out before formally filing for bankruptcy.
The Model 3 and Model Y combined for more than 500,000 units sold last year in the US alone. Do you really think it’s only tech bros buying them?
GM delivered five times that amount and yet Tesla is valued higher. It's painfully obvious that Tesla's stock is overpriced.
The new camry is expected to sell 300 000 units in the US alone
I don't think bankruptcy is going to happen. Despite economists' theoretical ideals, stock price has nothing to do with a company.
Tesla is selling cars at a profit whether the stock is $20 a share or $200. Long term the stock price should go to $20.
Didn't used to be, though. But yeah. Elmo's shame.