For what it's Worth-Tesla

[godofwealth]

Right, exactly what I’m seeing. I live in a neighborhood with house prices in the $2.5-3 million (hard to believe, but in the Bay Area, that’s lower middle class!). As you might have read, starting salaries for AI hotshot programmers in the Bay Area is now $100 million and climbing, thanks to the crazy competition from Open AI, Meta, Google, nVidia, Apple, Anthropic and thousands of startups in the Bay Area. I see 25-year-old kids in my neighborhood driving swanky high end sports cars. A lot of my neighbors are buying EV’s, but not Teslas (ironical since the Tesla factory in Fremont is an hour from my house where I picked up my Model S). My neighbors are buying BMW, Audi and Mercedes EVs. They’re voting with their feet (and their wallets). It’s bad news for Tesla.

The Ford F-150 has for decades been America’s bestselling vehicle. Ford sells one every 15 seconds. The Cybertruck could have been a giant killer. Sadly it’s been a bust. And now it’s a political symbol, a hot potato no one wants to touch. Teslas have probably the worst resale value on the market today. Check out the used car inventories. Bursting with unsold used Teslas. The nearest Tesla dealer to me is a few miles south on Highway 101. Each time I drive past, I see the same thing: hundreds of unsold Cybertrucks. It’s shocking.

I feel badly about all this because I’m still happy with my 5-year-old Model S. That’s a good thing because if I went to trade it in, I’d have to pay the dealer to accept it. Tesla trade in values are fetching pennies to the dollar. It’s not an intrinsic reflection on the car, but a consequence of Elon’s extracurricular activities. Which is unfortunate but a reality.

 

[djsina2]

My neighbors are buying BMW, Audi and Mercedes EVs. They’re voting with their feet (and their wallets). It’s bad news for Tesla.

Be sure to tell all your neighbors buying Mercedes EVs that they are stopping sales in the US.

https://www.autoevolution.com/news/mercedes-benz-cut-its-ev-prices-by-up-to-15300-as-it-prepares-to-stop-us-production-254760.html

 

[Steve Williams]

Yawn.....

I live in a community of 4000 people in a gated community where there is a home 1/2 mile from me listed at $125M and I can tell you that in the the small subdivision I am in of 35 houses we have 16 Teslas of which there are 3 Cybertrucks. .

I lived in the East Bay for 19 years and know the area completely.. You're in your world and I get it but just saying, man So what

you can even see my house in that video but Im ashamed to point it out

 

[Lagonda]

I'm seeing a lot of stickers on Tesla's saying things like "I bought this before Elon went crazy" and things like that. I'm pretty sure that this, like many things will blow over.

The real threat to Tesla is in China, with the government focusing their subsidies on EV's and the anti-American sentiment that I've read some Chinese have toward American products.

I have an Audi Q-8 eTron and will never own a gas powered car again.

Not just the Chinese, a lot of Europeans wont touch any American products these days.

 

[djsina2]

Not just the Chinese, a lot of Europeans wont touch any American products these days.

“European sales of the Tesla Model Y increased 5 percent in June. Its closest rival was the Model 3.

Tesla was the top seller of battery-electric cars in Europe in June, shaking off a bad May when it was No. 4 behind the Volkswagen, Skoda and BMW brands.”

 

[godofwealth]

Absolutely true. The US image has take a battering, rightly or wrongly. And that’s not helping Tesla. I do think they’ll survive in the long run. Perhaps even thrive if they can find themselves a new CEO.

 

[godofwealth]

Check out the price to earnings ratio on Tesla stock: it’s close to 200! Check out the P/E ratio for any of the vastly better run Bay Area firms, like nVidia, Apple, Google, Meta etc. They’re all around 30-50. Tesla stock is propped up at a crazy level by fanboys and it’s absolute lunacy. It’s a house of cards that will come crashing down when financial reality sets in. Tesla diners are not going to save this company. Elon needs to get back to basics of selling cars and innovation. . Otherwise, like his rockets, it’s all going to blow up. I hope it doesn’t. I like my Model S and want the company to survive long term.

 

[djsina2]

Absolutely true. The US image has take a battering, rightly or wrongly. And that’s not helping Tesla. I do think they’ll survive in the long run. Perhaps even thrive if they can find themselves a new CEO.

What are you referring to? When you don’t reply to people your messages are difficult to follow.

 

[Lagonda]

Absolutely true. The US image has take a battering, rightly or wrongly. And that’s not helping Tesla. I do think they’ll survive in the long run. Perhaps even thrive if they can find themselves a new CEO.

They had a head start on EV's because most other automakers were more interested in keeping all there patents in IC cars valid. But political incentives have made EV's financially viable all over the world and the traditional automakers have taken up the challenge. Teslas EV market dominance will evaporate like hot air. The world has also gotten wise to the many untrue and exaggerated claims Musk seems to dabble in, not good when you want to sell "groundbreaking" products. Exposure has not been good to his brand.

 

[Steve Williams]

Check out the price to earnings ratio on Tesla stock: it’s close to 200! Check out the P/E ratio for any of the vastly better run Bay Area firms, like nVidia, Apple, Google, Meta etc. They’re all around 30-50. Tesla stock is propped up at a crazy level by fanboys and it’s absolute lunacy. It’s a house of cards that will come crashing down when financial reality sets in. Tesla diners are not going to save this company. Elon needs to get back to basics of selling cars and innovation. . Otherwise, like his rockets, it’s all going to blow up. I hope it doesn’t. I like my Model S and want the company to survive long term.

I think the real godofwealth is Elon Musk TBH

BTW I do plan to buy one of his robots to help with the cooking and laundry. I'm looking forward to getting a reservation orin his diner but right now I'm told it's early 2028

“European sales of the Tesla Model Y increased 5 percent in June. Its closest rival was the Model 3.

Tesla was the top seller of battery-electric cars in Europe in June, shaking off a bad May when it was No. 4 behind the Volkswagen, Skoda and BMW brands.”

Totally agree. It's all dependent on where you live. There are so many Model Y and 3's in our community

GOW refers to the dealership not far from him where there are so many resales on the lot

2 miles from my house is the largest Tesla aftermarket store in the country

RPM TESLA ACCESSORIES

We sell over 1,800 Accessories to our 150,000 customers worldwide. We have been the leader in the industry since 2013, and each of our products features detailed DIY installation videos to make self-installation simple. Buy buy with confidence, no restocking fees and Lifetime Warranties*

www.rpmtesla.com

The showroom has some if the most beautiful after market Teslas I have ever seen. You might want to have a look at some of his accessories for your car. It will improve its resale value that you claim has plummeted.

He has 150, 000 customers worldwide

 

[andromedaaudio]

“European sales of the Tesla Model Y increased 5 percent in June. Its closest rival was the Model 3.

Tesla was the top seller of battery-electric cars in Europe in June, shaking off a bad May when it was No. 4 behind the Volkswagen, Skoda and BMW brands.”

Yes i see quit a few new Model Y s here in europe .
But a lot is government /tax incentive driven.
Around 85 % of sales here are lease ( in belgium , BMW )
If i want to chose a company lease car , the model of choice is set up as such that petrol / diesel cars are basically " unaffordable" concerning monthly employee salary( withholding) payments ( they aim have to all company cars electric by 2035) with sales of petrol / diesels completely banned by then
Hybrids are a bit more affordable to choose , but fully electric is by far the cheapest for an employee

 

[Folsom]

Like I said, I wish him luck. My advice to him is to stop retweeting crazy conspiracy theories and get back to doing what he does best. Stay focused on the mission. A great example for him to follow is the CEO of nVidia who’s built a $4 trillion company by staying focused on the mission.

I'm sorry but you're wrong about Nvidia. They were a GPU company but have lost sight of that and basically told the customers who built them to go fuck themselves in the last several years, because they can sell AI gear for a lot more money. That isn't a singular mission, or even a respectful one.

 

[Folsom]

Also I'm not sure why people want to think the guy with the only globally functional satellite internet service is slated to lose his shirt? There is no other service that actually works, has low latency, or any bandwidth to even speak about besides Starlink. The militaries beg for it, for good reason.

Elon's next game is trying to make an everything platform, through X (ish); in particular with payments flowing through him. And while right now he might be slightly unpopular, people are short sighted and it'll pass.

 

[jeff1225]

Also I'm not sure why people want to think the guy with the only globally functional satellite internet service is slated to lose his shirt? There is no other service that actually works, has low latency, or any bandwidth to even speak about besides Starlink. The militaries beg for it, for good reason.

Elon's next game is trying to make an everything platform, through X (ish); in particular with payments flowing through him. And while right now he might be slightly unpopular, people are short sighted and it'll pass.

This thread is about Tesla, not the rest of Musk’s government subsidized businesses.

He’s lost the national subsidy for Tesla, and pissed off 70% of its user base. Tesla will come back, but it will be a bumpy road.

 

[Folsom]

This thread is about Tesla, not the rest of Musk’s government subsidized businesses.

He’s lost the national subsidy for Tesla, and pissed off 70% of its user base. Tesla will come back, but it will be a bumpy road.

Yes it's about Tesla but you can't look at it only in a vacuum.

Everyone still loves the cars. They'll slowly make excuses of why to buy them and pick them up cheap.

 

[andromedaaudio]

Elon should bring out a special paint Doge version lol.

 

[DaveC]

Hyundai now offers better EVs overall, Lucid is way better than any Model S, and I'd take a Rivian over a Cybertruck all day long, but whatever... The tech evolves so fast that may change tomorrow.

Elon seems incapable of empathy, but I think he means well, so instead of a sociopath I think it's likely he has Asperger's. Intent is important, if he can figure out how to show more empathy or at least behave in a way that doesn't cause harm I hope people forgive him eventually. I'd much rather have Elon on our side. Can't say much more here, but I do hope Elon continues to contribute to the advancement of tech of all kinds, imo that's the only way we can realistically address many of the issues humanity faces.

 

[andromedaaudio]

I test drove at least 20 EV s last year at circuit zolder in belgium .

The Tesla model S is a nice handling car.

I did see one Cybertruck in alabama a. Couple of weeks ago

 

[jeff1225]

I test drove at least 20 EV s last year at circuit zolder in belgium .

The Tesla model S is a nice handling car.

I did see one Cybertruck in alabama a. Couple of weeks ago

The Cybertruck was forecasted at 250K per year. Tesla’s latest report shows that they’ll sell just 20K per year.

 

[jeff1225]

Yes it's about Tesla but you can't look at it only in a vacuum.

Everyone still loves the cars. They'll slowly make excuses of why to buy them and pick them up cheap.

Time will tell. Will Tesla be Bud Light or Tylenol?