Elon seems to be spending more time on DOGE than Tesla
Which is probably a good thing, if you’re a Tesla engineer.
It's not in the car business, it's in the subsidy business.
As I’d understood it, Tesla makes most of its money selling carbon credits to the likes of Stellantis.
But… there are now other EV manufacturers to buy those from, legacy car makers are making their own EVs and I’d not be certain the carbon credits will survive Trump. And they’re left with not particularly good cars to sell, and a CEO who is a liability.
Sadly, it looks like the Royal Society has at least a percentage of cultists: https://www.bbc.com/news/articles/c3e44ge0xnwo
More cowards than cultists, I'd imagine.
I'm amazed he even got in. There would have had to be masses of misrepresentation as he's achieved exactly nothing. Just shouts at people.
In fact, reading his page on the Royal Society, it seems to have been written by someone in an alternative reality, or maybe just a PR specialist.
Bunch of Teslas burned in suspected arson.
Superchargers now too:
https://thedriven.io/2025/03/05/tesla-superchargers-set-on-fire-in-massachusetts-cars-in-toulouse/
I’ve read somewhere that this might be due to tax changes (EVs over £40k are liable for the luxury car charge). We’ll have to see what the April figures look like?
From that link:
The SMMT said that sales of full electric vehicles rose almost 42% year on year, accounting for a quarter of all new registrations, because buyers are seeking to beat a new tax on expensive cars that comes into force in April and will affect many EVs for the first time.
But Tesla sales were only up 20%. The key thing in a growing market is to expand market share. Growing slower than the overall market means that you will be buried by the faster growing companies.
The key thing in a growing market is to expand market share.
Eh? Gone are the days when Tesla, Hyundai/Kia and Nissan were the only manufacturers making decent EVs. Tesla's market share was always going to drop as new players piled in. However a smaller share of a growing market still means you can sell a lot of cars. For example in 2024 Tesla delivered 1.8 million vehicles which is more than than Audi delivered of any type.
1.8 million vehicles is a fairly niche car maker. The company with the largest market share can spend more on R&D, product development, and marketing and then further increase their market share. In an expanding market, this just squeezes the smaller companies out. To survive, you have to grow faster than the market is expanding so that you squeeze out the small fry. Apart from Musk's antics, the big concern with Tesla is that their full-self-drive technology has fallen behind. If other companies master FSD but Tesla doesn't, it will be game over.
1.8 million vehicles is a fairly niche car maker.
Mercedes sales 2024 2.4 million and BMW 2.5 million. They niche as well?
Tesla spent $4.5 billion on R&D in 2024 almost double what Mercedes spent.
Let's see what reciprocal tarrifs are placed on US cars.
I think most European Teslas are built in Germany though?
Mercedes sales 2024 2.4 million and BMW 2.5 million. They niche as well?
They are luxury car makers, they can survive on much smaller volumes. Companies like Mazda (1.2 million per year) don't have the huge margins that luxury makers do and may not survive as independent manufacturers. Tesla may survive as a manufacturer of premium EVs, but competing with the Chinese as a mainstream maker will require much more than a couple of million.
Tesla spent $4.5 billion on R&D in 2024 almost double what Mercedes spent.
And how much have Mercedes spent since they started? Tesla have a lot of catching up to do.
Tesla spent $4.5 billion on R&D in 2024 almost double what Mercedes spent.
That's because Tesla spent over 80% of that money on Robotics and AI, not on cars. You're not comparing Apples to Apples.
Tesla's profit was $12bn of which $3bn was credits, $0.9bn was tax writeoffs and $1.6bn which should have been paid but was paid by governments supporting establishment of new factories. It's still very profitable without all this and makes on average around $8k per car, which is a lot. BUT, their Q4 profits for last year, despite new models (facelift) were down to $2.3bn, which is believed to represent les than $6k per vehicle. The market is tightening.
Companies like Mazda (1.2 million per year) don't have the huge margins that luxury makers do
Tesla profit margin in 2024 was 7.3%. Mercedes profit margin for the same year was 8.1%. Please show me where these huge margins generated by luxury cars are.
Net profit as a company, yes. Gross Profit per vehicle was high. Between 10 and 24% dependent on model, spec and manufacturing location. Tesla also generate a decent profit from digital extras - I'm not sure how sustainable this is and it may be a reason why profit percentages have dropped. People aren't paying for FSD anymore as they have no confidence it will ever work or be allowed to.
Tesla also generate a decent profit from digital extras - I'm not sure how sustainable this is and it may be a reason why profit percentages have dropped.
£10 per month for premium connectivity. Can't see that adding too much to the bottom line.
People aren't paying for FSD anymore as they have no confidence it will ever work or be allowed to.
Maybe not in the UK and Europe but plenty use it in the USA and now in China.
Also Tesla's gross profit per vehicle was 18.4% in 2024 so right up there with Mercedes.
Given your posts I figure you are a Tesla owner?, what model?
Nothing quite like being overtaken on the motorway with the passenger leaning out of the window making a Nazi salute. Not sure if ironic or supportive. Curse of driving a Tesla. Nice cars, but Musk has ruined the brand. I’d be apoplectic if I was on the board.
Nice cars, but Musk has ruined the brand. I’d be apoplectic if I was on the board.
Problem is a)he owns the board and b)the market value of Tesla is extremely high compared to the various fair price algorithms.
Its somewhat of a meme stock (somewhat because unlike most of the meme stocks it does have something behind it) and that is heavily driven by Musk. It has an unusually high number of retail shareholders vs other similar companies.
So on the one hand he does seem to be destroying its value but on the other its still very high which is probably down to him.
Down 30% since 01 Jan, though…
The high retail shareholder thing is probably a factor - people don’t like admitting they’ve made a mistake and backing a dud, institutional investors will be more likely to offload.
Tesla stock taking a bath again this morning. I wonder if this is just reversion towards a more accurate value?
Tesla’s stock price was always part Musk and part Dream with the final 1/4 being reality. I think those two parts are starting to crumble. Coupled with the difficulties in EV sales in certain markets and the negative news cycle, the 3rd 1/3 is also suffering.
That was supposed to be 1/3rd.
Latest from our genius billionaire overlord.
Lets sanction the rich elites in Ukraine to stop the war... 🤔 I'm thinking he's upped his dose of ketamine.
Surely it is only a matter of time before he switches off StarLink for Ukaranian forces?
Surely it is only a matter of time before he switches off StarLink for Ukaranian forces?
I fear so - not sure what the rest of the sensible world can do to replace all the tech and Intel resources they are withdrawing.
He was openly threatening to do so, until he realised what an idiotic comment it was to make, at which point he rapidly backed down.
However, the damage is done. No-one can consider USA a reliable ally and partner any more, in any commercial or military sense.
What a smart move it was to leave the only major political and economic bloc that could rival them for power.
What a smart move it was to leave the only major political and economic bloc that could rival them for power
It sounds like you are implying we are not a world power by ourselves. Heresy! Heresy, I tell you!
And here I was today panicking that our ping rate to X was high and the bods had broken something at our end . At 2.30 today it was over 200mls
Good on ya whoever did it .
X is down or was .
Years to go yet. I’m afraid the Democrats were right. Anyone expecting USA democracy to survive this term should think again. And there’s no way we can help our friends across the pond get through this. We just need to stay aware that this problem will be (is being) exported to Europe. Voting for less democracy has lots of historical precedents. I think I’ll bring it up with my MEP… oh… ah…
Any government not now acting in taking oligarchy money out of politics and lobbying is actively supporting the dismantling of democracy. The threat is clear and obvious and to do nothing is either wilful ignorance or more likely a sign that they are taking the money.
Tesla Chainsaw Massacre continues.
Still, sales of tiny violins are up.
Good on ya whoever did it .
Anonymous have entered the chat.
I was wondering if anonymous had anything to do with it.
Where's LulzSec when you need em
So Muck's little avatar thing-bob on X is what looks like a rendering of a black hole !?!
How apt .... So dense and self important it sucks in everything including light.... 😥
He truly is a SMBH .... Super Massive Bellend Human.
I did a double-take today when I spotted a Tesla passing me with the number plate "88 HEIL" 😮
On second glance it wasn't quite so bad, but still, the middle section "88 HL" centred under the Tesla badge isn't exactly a good look! I wonder if he realises.
A trumpcession could well see Trump blaming Musk, that would be an interesting break up, think Cummings & Johnson
Posted here... as the Trump thread seems to have a five hour delay on it... and because Mike Myres as Elon Musk is worth a watch.
Tesla shares rallying a bit the last 48h. Not really clear why mind you, and what a lot of the Tesla “bulls” have been saying seems to rely on wishful thinking, unicorns and fairy dust given its track record of not delivering.
Tesla shares rallying a bit the last 48h. Not really clear why mind you, and what a lot of the Tesla “bulls” have been saying seems to rely on wishful thinking, unicorns and fairy dust given its track record of not delivering.
Its a hedge I guess - you bought at 240 last year, sell at 350 last week, then re-buy at 240 yesterday and you locked in 110 profit, and if Trump's support for Elon extends as far as just giving Tesla govt. cash, which it may well do, you might get to make that 110 all over again. If it doesn't you can watch the stock fall another $110 before you're in the red, which its unlikely to do... That is of course unless the sales numbers really, really tank, which they still have time to do as we'll not see the effect for another month or two yet.
unless the sales numbers really, really tank
I think, from the comments I see online whenever a Tesla comes up, that that ship has sailed. Plenty of other non-toxic EV options out there now. Very few people are going to put their money into a car that's going to get so much hate.
#swasticar trending
"Not really clear why mind you"
Because trump had a Tesla forecourt promo event at the White House
I’d imagine that the overlap between people who want an EV and people who like Trumpist politics is not large, so it remains to be seen whether that promo event is a good or bad thing for Tesla.
But it is a meme stock, the car sales fundamentals don't matter for now, trump and by association musk supporters will buy the stock without even considering the cars.
Unless the corporate investors are getting back in, which would be much more of a surprise.
IMO the only thing Tesla can do to turn this around is dump him as CEO but that aint gonna happening.
IMO the only thing Tesla can do to turn this around is dump him as CEO but that aint gonna happening.
That would make sense if the current share price was based on the fundamentals. As it's not getting rid of Musk would likely make things much worse.
for a man a supposedly clever as he is, forgetting that the folks who buy his cars are the bleeding heart libs that he clearly hates is, you have to admit an, "innovative" sales pitch
it's a bit of a Ratner moment
the folks who buy his cars are the bleeding heart libs that he clearly hates is
Not all of them. Aren't they a bit of flash status symbol nowadays rather than a climate change solution? Plus the crypto bro car of choice
the folks who buy his cars are the bleeding heart libs that he clearly hates
Like this bleeding heart lib?
Like this bleeding heart lib?
That's just thanking Musk for using his propaganda machine to support genocide in Gaza.
Like this bleeding heart lib?
I think that's going to go down as well as the Trump sales pitch TBH.
94% of Germans say they wouldn’t even consider buying a Tesla.
[url] https://apple.news/A-qpcKGSAT02Kzd7M73iRJg [/url]
Can't follow that link.
A much bigger percentage of Germans voted afd, and while 95% is probably reflective of Germans I work with, that sounds like selective questioning (unless afd supporters say they won't consider tesla not because of Musk but because, like most people really, they are unaffordable and out of their purchasing power).
A much bigger percentage of Germans voted afd,
What? AFD got 21% and before that were publicly lambasting Tesla in print and digital media. I’d imagine the Venn diagram of Vote AFD and Buy Tesla was vanishingly small to begin with.
The survey is of 100k Germans.
for a man a supposedly clever as he is, forgetting that the folks who buy his cars are the bleeding heart libs that he clearly hates is, you have to admit an, "innovative" sales pitch
it's a bit of a Ratner moment
I think it is,aligning with the climate deniers and the drill baby,drill brigade when your attempting to sell a warm fuzzy eco product that intends to be very eco friendly and green when these things do not matter anymore.
Perhaps the plaid v2 will be a v8 powered hybrid with straight thru exhausts.
AFD got 21%
OK, I assumed your point was that 95% of Germans were not buying tesla because of Musks right wing activity, 21% of Germans voting afd and having no problems with far right politics, would be "far more" than the 5% of Germans who would still buy tesla.
No 79% won't buy because of right wing activity.
The other 21% don't like his anti union activities tho' the AFD leadership like his money. Also - people are not as stupid as he things - - and he reposts some stupid stuff now.
https://electrek.co/2025/03/14/tesla-is-done-in-germany-94-say-they-wont-buy-a-tesla-car/
How are Tesla sales in China?
The Alt National Park Service is a must follow
https://bsky.app/profile/altnps.bsky.social/post/3lkdvjx55ps2t
The Alt National Park Service is a must follow
https://bsky.app/profile/altnps.bsky.social/post/3lkdvjx55ps2t
That is such an outrageous thing to have posted, I think I'd want to see a proper screenshot before I would believe that even this **** would post it.
It was there, but not for long.
Plenty of people have screenshots.
Rich Rebuilds on the cybertruck. Not sure if should be here or the April Fool's thread....
Wisconsin result - ahahahahahahahahahahahahahahahahahaha!
Lincoln Project chap’s verdict:
https://bsky.app/profile/therickwilson.bsky.social/post/3llsg77wpck2z
I think the GOP are about to discover FAFO.
Quite how the Trump/Musk axis of evil will respond remains to be seen.
Thanks to someone on Bluesky saying DOGE should be pronounced ‘Dodgy’ I now have this stuck in my head
https://m.youtube.com/watch?v=eY2dcd_OtlU
Reputable news outlets reporting that Tesla board searching for replacement for Musk.
https://edition.cnn.com/2025/04/30/business/tesla-board-elon-musk-ceo-search/index.html
I wonder why? 🤣
If my boss lost 30% of company value due to being a fricking nazi, I would be looking for 'new ideas' too.
Tesla is toxic stock.
Although I imagine it will bounce back hard when musk is removed.
Place your bets!