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But yet the stock is still above 300. The valuation of this company and the stock price do not correlate.
The stock market is legalized gambling on vibes.
Its an investor cult. Like Bitcoin. The valuation and the real world tangible value are completely disconnected.
Tesla is the original meme stock.
Musk's political activities have soured public opinion on the company and contributed to declining global sales.
That's not a political opinion. He did a Nazi salute on live tv
This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.
Liquidate Musk
It is a good deal now but I am afraid people will throw stone at me.
Give all the issue they have, both safety and build quality, it's still a bad deal. Driving a death trap that can be defeated by a large puddle isn't worth getting for free.
Did u Americans even know there are BYD dealerships all over EU?
Tesla can't compete on price and that's the only metric that matters in capitalism.
We aren’t under capitalism anymore. We are transitioning.
At one point the merchants made more money than kings and that’s why we are under capitalism.
Now tech has made all of the money, and holds most of it, and so we transition again.
They don’t care about the old rules, that’s why they are breaking them.
Musk doesn’t need Tesla. He already has everything he needs to be a borderless king. So he is.
It’s you and I that need to care about money, but the oligarchs have transitioned from it already and no longer need to care.
I know new cars depreciate fairly quickly across the board. Does anyone know what the average is?
The industry average is roughly 20% in the first year. And then 5% to 15% every year after. Heavily depends on the brand, model and market conditions. Cult cars like the Tacoma, Wrangler, WRX, and MX5, hold their value well. Whereas high selling, popular cars like the 2013 - 2017 Ford Escape tanked hard. I remember reading an article about that one and it was only worth a couple grand after 5 years.
Escapes are pretty bad cars. My ex had one with just over 100k miles, engine cracked and started leaking coolant into one of the cylinders. Totaled the car with no accident.
I got a 2024 escape as a loaner vehicle and drove it around for over a week. It’s literally the worst vehicle I’ve ever driven with respect to driving feel. It felt like I was driving a schoolbus. It had such poor acceleration and handling; sticker price was like 70K, and I wouldn’t even pay 20K for one. Also, it was like 60$ to fill the tank. Like why lol.
Thoughts and prayers to the wealthy attention-whore douchebags that were affected.
Maybe they can make their money back from YouTube videos tipping CyberTruck over cliffs etc
Just passed a Tesla lot today and it was packed full of these trucks, and cars. All were covered in dust.
I read that as rust. thinking that must be some low quality stainless on those trucks.
as they should be.
I don't really want one, but I'm tempted to go down and haggle.
"Really, given how unpopular they are and the unsold inventory, you should pay me to take one. It's costing you money every day it sits here... Stop the bleeding..."
Given the build quality I think it would be a repair bill albatross
Buy a baker's dozen, and switch to an unused Cybertruck whenever the current one wears out. The whole set should last you for several years.
“There’s a price I’m willing to pay to be seen as a Nazi supporter, but we aren’t low enough yet”
"You laugh, but $20 is $20, right?"
Someone else made the comment to waste their time with test drivings which sounded pretty funny.
The media is no longer interested in putting a positive spin on Tesla, or any other Skum business. Every earnings call is going to be worse than the last one, which will just accelerate the decline. The damage to the brand image is irreparable, and directly attributable to Skum's irresponsible ego bender, and a brutal shareholder lawsuit is inevitable.
Tesla will be bankrupt in less than 2 years.
Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.
I would be surprised if an incel camino lasts 3-4 years of regular driving.
There's a good chance it'll kill the owner sooner rather than later, so it's an accurate statement.
