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[–] 9 points 1 year ago

The brand collapse is even better

FIFY

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  • [–] 5 points 1 year ago

    A March recall—in which Cybertruck panels were literally falling off due to faulty glue—betrayed the number: 46,096 sold in the 14 months since deliveries began. That’s less than 3,300 per month.

    They didn’t just use glue to attach automotive panels. They used faulty glue.

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  • 41 comments in c/business@lemmy.world view that post
    [–] 31 points 1 year ago

    The brand collapse is even worse funnier

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  • [–] 31 points 1 year ago (1 child)

    I'm shocked they sold 46,000 of those things at all, I'm also shocked people are still buying the others, why would you buy a car from a company that is about to collapse? Particularly one with the documented production quality of this one?

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  • [–] 11 points 1 year ago

    Sooo according to My brother they are all in his area. The neighbor just bought one like last week and another one has 2 in the driveway. I had to ask if he was sure those weren't rubbish bins he was mistaking them for. I dk if there is some sort of everything must go sale.

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  • [–] 56 points 1 year ago (17 children)

    I have no idea why Tesla thought that the Cybertruck would sell well enough to justify the production numbers.

    They should have did the Roadster first instead and then the Cybertruck, both run in 5k lots to meet orders. Making such niche vehicles like it was going to be bought up like an F150 or a Civic is just dumb.

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  • [–] 1 point 1 year ago

    Roadster would have been low production numbers, but at least they’d expect that and not spend the money scaling up.

    I believe they came out with Plaid edition, expecting that to get most of the people wanting roadsters. At least it’s fast even if it’s a totally different form factor. Either that or they couldn’t figure out how to make the roadster fast enough to keep it from cannibalizing model s

    Jokes on them: I’d never be able to afford a high end roadster but I’d seriously consider a Miata-like electric roadster. Seems like they could build something on a model 3 chassis

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  • [–] 29 points 1 year ago (9 children)

    I have no idea why Tesla thought that the Cybertruck would sell well enough to justify the production numbers.

    It was originally said to be sold at $40k and a long range. Even back at the announcement time ICE pickups were expensive. Even people that were put off by the looks could swallow getting a full sized truck which wouldn't need expensive fuel for $40k. It just never ended up being that.

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  • [–] 15 points 1 year ago (2 children)

    Yeah when it was announced I remember thinking "damn, that would totally be worth it despite the fact that it looks a bit weird," - because at that price it was actually cheaper than the available sedans. But of course, that was six years ago, before Musk made a complete Nazi of himself and of course, before it became a $100k boondoggle.

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  • [–] 1 point 1 year ago

    Right , it would have been cheaper than the model y and with tons more features.

    I do not want a truck, nor anything that big, but even allowing for $5k-$10k price hyperbole, I was still considering it. It would have been revolutionary.

    Of course it came out years late at double the price and without some of the features

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  • [–] 7 points 1 year ago*

    I still can't believe people still believe him after doing this same thing for every car model. Full autonomy is still not a thing that really exists after saying it'll be out "next year" for a decade.

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  • [–] 10 points 1 year ago (4 children)

    "Full size". For anyone actually needing to haul shit in the bed it's missing ~6 cubic feet of space from the smallest bed size of an F-150 and around 30 cubic feet of usable bed space from a long bed Silverado. It's also missing about 2000lbs of towing capacity. The Lightning has slightly less towing capacity but more room in the bed for your stuff.

    These were never going to be used for the same thing a working truck would be used for. It was going to be another big ass parking lot princess and it was always going to take up as much or more room than a full size truck for less usability.

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  • [–] 3 points 1 year ago (3 children)

    Why do it and the Lightning have such lousy towing capacity? I would think electric motors would be torquey as hell.

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  • [–] 1 point 1 year ago

    They could easily have enough torque but fail in other ways

    • maybe heat dissipation or battery life with big discharges
    • maybe brakes or handling
    • maybe it’s just too expensive to add enough battery to give them useful range
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  • [–] 7 points 1 year ago

    Not sure but I pulled a box truck out of a ditch yesterday with my lightning and it DEF had the torque to pull that thing. Not pictured, the trailer I had to unhook that was behind said box truck.

    I tow with mine all the time, admittedly not at significant long haul distances, usually around 10-30 miles. It has never been super rough on battery when towing either.

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  • [–] 4 points 1 year ago

    Why are you expecting an F-150 to have high towing capacity? It's the smallest "full size" pickup Ford sells. ICE or EV, the frame, brakes and suspension isn't designed for high towing.

    EV is torquey as hell, but I thought the main complaint about the Lighting was the towing range, which again, if you're doing real towing on the regular, you should get something a little bigger, if for no other reason then the safety of other people on the road.

    And honestly, I think Ford could have saved the Lighting lineup by offering a generator unit that could sit in the bed and keep the batteries charged for long hauls. A sort of adhoc Edison Motors style hybrid.

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  • [–] 5 points 1 year ago

    So did anyone in the world actually expect them to be at that price though? I mean has anything Musk promised in the last ten years not turn out to be a blatantlie? Anyone who had high expectations of the cyber truck just lied to themselves, they had absolutely zero reason to believe any of the promises were going to be met.

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  • [–] 13 points 1 year ago

    I have no idea why Tesla thought that the Cybertruck would sell well enough to justify the production numbers.

    Two words; one man: Elon Musk.

    I highly doubt he surrounds himself with anybody that would challenge the things he dreams up. He’s also addicted to Special K, which probably makes him think he’s that much more of a genius and cannot fathom himself being wrong.

    The thing about getting high all the time is that eventually you will come down. And usually it’s with a crash.

    He’s already fucked his bromance with Trump, and it looks like SpaceX will be taking the hit. Tesla is in the shitter, and it’s looking like that toilet is clogged and about to run over.

    It’s only a matter of time before Musk implodes on himself. His “glue” is going to come undone, and his “panels” will fall to the floor with a loud thud.

    🎥 🍿 🍽️

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  • [–] 4 points 1 year ago

    The original sell on the look was something like exoskeleton. Basically, the SpaceX Starship is stainless steel. Musk needed another consumer of it to make Starship more financially sound I suppose, so here comes CyberTruck which will use cold rolled steel exoskeleton, except it’s nothing like what it was sold to be.

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    [–] 50 points 1 year ago (5 children)

    With so few sold, why the hell are there soany around my neighborhood?!

    Oh no, I live in douchebag central.

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  • [–] 31 points 1 year ago (1 child)

    They stand out a lot more. There's so many of every other car that you just don't "see" them. They're the traffic.
    I've parked my car in the middle of a group of three other identical cars. It took four of the same make, model and color in the same location at the same time in the same part of the parking lot to even be noticable.

    So few cybertrucks and one in a city stands out.

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  • [–] 6 points 1 year ago

    Crazy part is they actually have fancy decals on the ones I see. Like the forest camo one makes it look like a mine craft creeper. The ultra pink one looks like the texture didnt load. The company logo one is just sad.

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  • [–] 16 points 1 year ago (1 child)

    Who would buy a car that looks like a trash dumpster?

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  • [–] 12 points 1 year ago* (1 child)

    3,300 per month. So ~110 per day? Across the world? That's amazing.

    I wish I could see the breakdown on sales by state, or even better, by county. I see them a lot in my east coast region, and I know people see them a lot in areas of California. I wonder how many weren't sold in coastal, and/or blue areas.

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  • [–] 10 points 1 year ago (4 children)

    How many did they make? I'd be happier if they made like 500k and they're just collecting dust.

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  • [–] 4 points 1 year ago

    They are. My office is in a corporate business park and the owners started leasing one of the lots for Tesla to store cars in.

    I’m thankful we’re remote workers now and I don’t have to worry about one catching fire.

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  • [–] 21 points 1 year ago (3 children)
  • [–] 4 points 1 year ago

    Still doubt musk will learn anything from it

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  • 27 comments in c/hackernews@lemmy.bestiver.se view that post
    [–] 62 points 1 year ago (5 children)

    One would expect the stock to be around 5 dollars after this, but the US economy is such a scam.

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  • [–] 25 points 1 year ago

    No, it's his cultish stockholders. They believe that now he's out of Washington DC he will reinvigorate the brand with his "genius". They honestly believe he's fucking IRL Tony Stark instead of the snake oil salesman he's always been.

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  • [–] 40 points 1 year ago (1 child)

    The Cybertruck's design and styling is a reflexion of the person who willed it into existence: it's tone-deaf and disconnected with the reality of what people want. That's what you get from someone who has zero empathy and thinks he understands other people but actually doesn't.

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  • [–] 19 points 1 year ago (1 child)

    It's kind of akin to the DMC DeLorean, in more than just the chunky aesthetic aspects. That vehicle was a really bad one, too, with regard to build quality and reliability. The Back to the Future movies are probably the only reason there is any cultural relevance to them, after the 80's ended.

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  • [–] 31 points 1 year ago (3 children)

    Let’s not act surprised that a company headed by a fucking Nazi is unpopular these days

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  • [–] 15 points 1 year ago
    [–] 14 points 1 year ago (2 children)

    Hope it genuinely does collapse and he learns something.

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  • [–] 10 points 1 year ago (4 children)

    yeah, this is a "cope" article from dudes I've never heard of before. nothing is collapsing, the shit is still worth insane multiples of P/E, they still sell HUNDREDS OF THOUSANDS of model 3s (close to 400K per annum) and this joke of a "journalist" conflates the unpopularity of the (higly impractical and niche) cybertruck with "teslas".

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  • [–] 5 points 1 year ago (2 children)

    Tesla sales in 2024 were lower than 2023. And 2025 sales so far are lower than 2024.

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  • [–] 3 points 1 year ago (1 child)

    I would like nothing more (well, there's a few things I'd like more, but for the purposes of this we'll let it stand) than for this fucker to get hurt and for this shit business to implode.

    but nothing close to that is happening. sales that are lower than before indicate that there are still sales, nazi sled image notwithstanding. the P/E multiple is still through the roof. there aren't liquidity issues apparent.

    this might be an indication that things might be moving the right way, but at present, nothing is "collapsing".

    and even if alla that somehow materializes, this doesn't even touch the fucker in the slightest, it is inconceivable how much he's got.

    so, this is a cope article.

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  • [–] 1 point 1 year ago

    A P/E ratio that's high indicates that investors think something is a growth stock. A typical mature but growing tech company has a P/E ratio of 20ish. Tesla's P/E ratio is currently 182.

    Now, there's a saying "the markets can remain irrational longer than you can remain solvent", but TSLA is poised for a huge collapse. It was already way overvalued even a year ago when Musk was just this right-wing asshole who bought Twitter and ruined it. Everything since then has destroyed his image and made it so nobody wants to buy his cars. He's pissed off Democrats, and now he's pissed off MAGA Republicans. And, most importantly, Tesla is clearly no longer a growth stock. Sales are declining year after year.

    If Tesla were a normal, boring car company that was competently run by someone nobody hated, it might have a P/E ratio similar to Toyota: 7. To get there from here, TSLA would have to shed 96% of its value. Keep in mind, that's not what the price should be. That's what the price should be if nobody hated the brand and it was a normal well-run car company.

    Somebody is going to make absolute bags of money shorting TSLA. If I were rich I'd do it. But, as I'm not rich, the downside of the market remaining irrational is too big a risk. But, IMO, it's just a matter of time.

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  • [–] 4 points 1 year ago

    These articles are all full of shit. Unless Tesla's stock drops to zero, they're doing just fine. In fact, their stock has been going up since all this bullshit started happening. It's unbelievable.

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  • [–] -2 points 1 year ago (1 child)

    It's such a shame. The Model Y looks pretty nice.

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