The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.

Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.

  • JackDark@lemmy.worldEnglish
    26·
    7 months ago

    Investors largely expected the decline in sales in Tesla’s fourth quarter and full-year results for 2025, and the company beat Wall Street’s estimates for earnings and revenue, sending shares up in after-market trading Wednesday.

    Remember, this is talking about profits, not revenue. They’re still making profit. They did shit profits, but it was more than people expected them to make, so shares went up. Fuck Tesla.

        • a_non_monotonic_function@lemmy.worldEnglish
          0·
          7 months ago

          This is the big thing. Tesla’s stock has never been valued based on what the company is or can do. It’s valued on musk’s image and how much value people believe that brings to the company.

          His huge pay packages are likely because he knows that there’s a reckoning coming with the stock, and he doesn’t want to be a bag holder for his own company.

          That’s one of the reasons why he lies constantly about what’s coming. Full self-driving, people on Mars, solar roof shingles. He has to keep pumping up the image, or the whole house of cards collapses.

          • baggachipz@sh.itjust.worksEnglish
            0·
            7 months ago

            The problem is, there is seemingly no end to his bullshit that people will gleefully swallow. I bought it for a while, I loved the idea of an idyllic future. Unfortunately, one must deliver on that at some point. I was always willing to to accept the bullshit on the premise that it would happen at some point. However he’s lost the plot to his own hubris and idiocy. Yet somehow, he’s still able to con enough people to prop (and grow!) his meme stonk.

            • a_non_monotonic_function@lemmy.worldEnglish
              0·
              7 months ago

              Profits tanking by 46% Is it good indicator that he’s not immune to people waking up about reality.

              The entire thing is a house of cards that will likely collapse when public sentiment fully dissolves.

                • a_non_monotonic_function@lemmy.worldEnglish
                  0·
                  7 months ago

                  People are remarkably dumb, yes. But look at last year alone. European sales tanked. Domestic sales sucked. People were vandalizing and burning his vehicles on dealership properties. He was literally tearing up on the news because no one likes him.

                  He isn’t immune to company devaluation, and he knows how dangerous that is given how much is tied to his garbage stocks.

    • over_clox@lemmy.worldEnglish
      3·
      7 months ago

      I totally agree. While I do have a Google account, I haven’t used it in many months, and my tablet and phones have never been signed in to begin with. I guess you might consider my mobile Android devices as ‘virgin’ devices, and I don’t mean Virgin Mobile.

      I did break my hiatus from Google briefly tonight, just to ask Google Docs to write a document to compare and contrast AI slop versus reality…

      https://lemmy.world/post/42327274

      Anyways, I’m done with Google again for as long as I can avoid it. But I’m still leaving the account active, if for no other reason than my YouTube videos (not like I’m even making any money off my random stuff)…

    • morto@piefed.socialEnglish
      8·
      7 months ago

      A lot of people are too alienated from everything, or can’t make relationships between brands and what’s behind them, because everything not directly visible in front of us is too abstract for them, and there’s those who are like “all brands are terrible, it won’t make any difference anyway”. Well, and there’s the nazi sympathizers…

    • Signtist@bookwyr.meEnglish
      4·
      7 months ago

      I’ve been considering getting an electric car, and have been researching good models, and I can’t believe how many places are still recommending Tesla. I know the fediverse is far lefter than most other places, but I thought at the very least the general population had stopped trusting Musk and his scams.

  • Tim_Bisley@piefed.socialEnglish
    81·
    7 months ago

    Every 3rd car is a Tesla where I am. Many of which are newer models. At this point I feel like people are unable to vote with their wallet.

    • halcyoncmdr@piefed.socialEnglish
      61·
      7 months ago

      To be honest, coming from a near-launch Tesla Model 3 into the current EV market… most alternatives available in the US suck for various reasons.

      I had a Polestar 3, which was great, until the AC was inconsistent on the Driver side. Only had it for 45 days before it was in for Service at Volvo 150 miles away… And has been there since last April. Still paying on it every month and having to maintain insurance… I’m still trying to get it returned as a lemon via lawyers now nearly 9 months later. In the interim I went through several Volvo, Kia, Mercedes, and Hyundai EV rentals, and talking to a coworker who has an EV Mustang. All of them felt like EV afterthoughts made just so they could say they have EV options.

      The American brands almost exclusively use the same base vehicles and even interiors as their non-EV options and thus there are arbitrary things that just don’t need to be there and make it feel like they’re just making a car to say they have one (which is exactly what they’re doing).

      For instance, my biggest pet peeve is having a Start/Stop button as if the thing still had an engine. There’s no need to have it since the cars are on all the time anyway. Its just an unnecessary step both when getting in and leaving the car. And it artificially prevents you from interacting with the vehicle like rolling down windows or the roof cover while it’s “off”. It’s small, but just shows it wasn’t designed to be an EV, they just took the same shit from before and dropped an EV powertrain in and called it a day.

      Several brands also use the same outsourced platform like GM’s Ultima platform. So every one of those vehicles feels the same regardless of the brand it’s under, or the slightly different exteriors. The interiors are nearly identical and use GM parts regardless of brand. The Honda Prologue that I got after my Model 3 while waiting to see about new offerings in a few years, doesn’t feel like a Honda at all. It drives and feels like a Chevy Blazer. Because it is.

      The only EVs I’ve driven that actually felt like they took advantage of being an EV were from EV companies, no legacy automakers. Tesla, Polestar, Lucid, Rivian. Everyone else the vehicle felt like an afterthought, especially after driving a Tesla for nearly 5 years, and those were often at 1.5-2x the cost for fewer bells and whistles. My current Prologue purchased before the EV credits went away was almost the same cost as my Model 3 back in 2018, and it’s nowhere near the same quality or capability. And that’s saying something if you know Tesla quality.

      • darkdemize@sh.itjust.worksEnglish
        4·
        7 months ago

        To your point about the start/stop button; would this not be an anti-theft / security feature? Otherwise, what would stop someone who broke in from just driving away with the vehicle?

        You obviously have way more experience with various EVs than I do, but just curious your thoughts in that regard.

        • mrgoosmoos@lemmy.caEnglish
          3·
          7 months ago

          this was also my thought. I don’t care what it’s designed to do - I want a goddamn off button for my car lol

      • youmaynotknow@lemmy.zipEnglish
        2·
        7 months ago

        My wife and I have BYD vehicles. My first EV was a Model 3. BYD is decades ahead of Tesla as cars go. We’ve had themfor 3 years, and have nothing bad to say about them. We’ll, that’s not entirely true, the original floor mats are shit, pretty, but shit.

      • finalarbiter@lemmy.dbzer0.comEnglish
        31·
        7 months ago

        The only EVs I’ve driven that actually felt like they took advantage of being an EV were from EV companies, no legacy automakers. Tesla, Polestar, Lucid, Rivian. Everyone else the vehicle felt like an afterthought

        Preach it! I test drove a wide variety of EVs (except tesla) last year while I was looking to replace my car. My experience was largely disappointing:

        • Ford and the other American brands felt like they were designed to be disliked. All of them were overpriced and poorly designed.
        • Toyota bz4x and the Suburu on the same platform (sunterra? Idr) were nowhere to be found near me.
        • The VW ID.4 was… fine, I guess, but the infotainment was buggy and froze for most of the test drive. It’s also plagued with recalls, so I didn’t really trust in the longevity of the vehicle.

        There was a used Polestar 2 MY21 launch edition someone traded in near me. I took it for a test drive and fell in love! Even several months in, I’m still excited to get behind the wheel, even for something like a grocery run.

        The only thing about it that I am not a fan of is the range, which is ~200mi for MY21. That’s still more than enough me, I maybe need to charge 1-2x a month. Well, that and the slightly underpowered processor for the infotainment makes it a bit sluggish at times.

    • reddig33@lemmy.worldEnglish
      3·
      7 months ago

      Some people already bought them and can’t afford to flip them for another car in this economy. Some are in leases that haven’t expired yet.

      Tesla sales will continue to decline until Elon leaves the company. There’s too much competition in the electric car space now.

      • thejml@sh.itjust.worksEnglish
        2·
        7 months ago

        When I started work at a new location last year the EV charging section of the parking lot was almost exclusively Teslas. Year later and its much more mixed. I regularly see Porsches, BMWs, Polestars, Mustang EVs, and a few Ioniq’s and a Rivian.

    • over_clox@lemmy.worldEnglish
      2·
      7 months ago

      I’ve heard that if you spray them with a mix of vinegar and salt, that they’ll likely start rusting and even short circuiting not too long after.

      Both of these products can be purchased with SNAP/EBT food stamp benefits for anyone interested.

      Or so the rumor goes…

      • Reygle@lemmy.worldEnglish
        2·
        7 months ago

        I like your moxxy but they’re covered in cameras. I’ll just continue flipping them off in traffic.

        • over_clox@lemmy.worldEnglish
          1·
          7 months ago

          Meh, there’s ways to disguise yourself, such as throwaway clothing and wash-off body paint.

          Or so I’ve been told…

    • druidjaidan@lemmy.worldEnglish
      0·
      7 months ago

      I mean it isn’t? It spiked up in September and is flat since and is down like 15% since the beginning of the year. Could it/should it be lower? Perhaps, but it’s not skyrocketing.

      • suicidaleggroll@lemmy.worldEnglish
        3·
        7 months ago

        If you ignore the election bump in Nov 2024 that had completely reset by Mar 2025, their stock is up 100% in a little over a year. Yes that counts as skyrocketing, considering sales and profit have plummeted over the same time frame.

  • muusemuuse@sh.itjust.worksEnglish
    5·
    7 months ago

    Yea, I’m in transition from Apple myself. I’m working on swapping out HomePods next. I have homeassistant. I have a GPU in a server in a nice cool basement. Let’s do this.

  • gravitas_deficiency@sh.itjust.worksEnglish
    2·
    7 months ago

    Tesla’s board:

    hey, I know, let’s give the ketamine enthusiast who sieg heil’d a dementia-ridden psychopathic racist twice on national television a trillion dollars this year as a comp package.

  • dxgsthrr@feddit.ukEnglish
    2·
    7 months ago

    $TSLA fanbois always claim that only Tesla can sell EVs at a profit / with a huge margin (something like $10k per vehicle). Would be interested to see what kind of margin per vehicle they are making now that the tax credits are removed and it appears that much of the profit came from energy storage.

    • SaveTheTuaHawk@lemmy.caEnglish
      1·
      7 months ago

      The big change is Chinese EVs coming into Canada. Tesla sales tanked after Heil Hitler but it’s only a matter of time before they enter the US. Tesla only made money for years selling carbon credits.

    • hovercat@lemmy.blahaj.zoneEnglish
      1·
      7 months ago

      Those crazy margins lasted for like 2 quarters until it was revealed that one of the main ways they managed it was severely under allocating warranty. It was a neat trick, until vehicles actually started to come back with warranty claims and they realized they literally make the least reliable and most expensive to repair cars on the market. IIRC they were allocating like 1/3 of what Toyota does per-vehicle, which is absolutely insane given the kind of vehicles they make. Hence why they became insanely stingy with warranty claims, and you saw tons of in-warranty repairs being allocated to “goodwill” which is a distinctly different pool from warranty allocation.

      The entire company is built on fraud and shell-games with SpaceX/Starlink/Boring Co. and Musk has straight up admitted as much. No one gives a shit and a judge literally ruled he’s allowed to do it because line go up.

      I can rant for hours about all the insanely sketchy stuff they’ve done solely for a one quarter boost, and plenty of other stuff where their cost-cutting directly resulted in loss of life.