Tesla’s profit dropped 46% year over year, the company revealed in its earnings update Wednesday evening.
That was not exactly a surprise — in fact, it was better than most analysts had expected. Tesla had already reported sales for the quarter, which showed the continuation of a slump that stretched through much of the year. More revenue from other parts of the company, like a growing energy storage business, haven’t made up for the fact that Tesla’s not selling as many cars as it used to.
Tesla, once the undisputed global leader in electric vehicle sales, has lost that crown as its brand reputation has soured and competition — particularly from China — has grown more intense.
Um actually, so the, so the thing is, with that, is that, um, Tesla isn’t even actually a car company anymore. It’s actually, um, I wouldn’t call it robotics, because “robotics” is too primitive a term to describe it — I’d say Tesla is in the business of transcending physical and digital space using AGI.
Now let me waffle on for half an hour about Mars.
I think I saw him throw out the “5 years” timeline for something like just the other day when I dropped in to see what kind of nonsense he was spewing.
“Five years” is basically his version of chomo-in-chief’s “two weeks”.
I think thunderf00t has been showing this for quite some time…
Genius CEO
Quick, give the CEO billions of dollars in bonus pay!
*trillions
And yet, their stock went up. It’s mind boggling
The market can stay irrational longer than you can stay solvent.
Or
Pricing at the margins.
At some point it’ll crash.
You aren’t interested in an autonomous humanoid robot inside your house built by a demonstrably evil person?
Well, the robot ships in 2027. ‘Full autonomy’ will be released in 10 years or so when the software improves to the point that it works 90% of the time. Until then, you have to pose it.
Gonn ask my self driving Tesla to go pick one up because if Mush says it’ll happen, it’ll happen!
How the fuck is their stock price still so high?
Elon figured out how to manipulate it using gamma squeezes. Phillip Low fired him for trying to manipulate their company’s stock price in 2021. Surely he’s doing the same thing with TSLA.
Try to short TSLA and you will lose. He’s made himself the world’s richest man on this house of cards. Everyone knows it’s overvalued, but somehow, line go up.
I think this is part of why he had to prop up Trump and fix the election for him. Biden’s administration was onto him. He’s on tape saying if Kamala won, he’d end up in prison.
https://www.reddit.com/r/options/comments/hk7nqe/tesla_infinity_call_gamma_squeeze/
By successfully distracting the investors from the fact that they’re essentially a car company failing to sell cars.
“Robots soon! And they’ll travel to mars! SpaceX partnership!”
Everything is a scam.
Lots of institutional investment accounts, with lots of Tesla stock. They rode it all the way up, but as it slowly slides, they’ll start dropping it, until they all finally jump ship, and it crashes.
Or as Trump would say, they’ve gone down 800%, 1400%, 1500%
Same as Target…didn’t actually consider who their audience was…
But yet the stock is over 420 bucks. This shit is as much a meme stock as Game Stop.
Always has been.
Bankrupt in 2 years.
Wow. We did Nazi that coming.
And, here I thought we were going to go all month without some good news.
Let’s not stop there. Keep it up.
Send it down
Robot army is the new meta
