AJ Sadauskas on Nostr: "In Q1 2024, Tesla reported that it made 433,371 vehicles. Of those, 386,810 were ...
"In Q1 2024, Tesla reported that it made 433,371 vehicles. Of those, 386,810 were actually sold. This means the automaker has an extra 46,561 vehicles it didn’t sell."
https://jalopnik.com/so-many-unsold-teslas-are-piling-up-that-you-can-see-th-1851526312
Tesla's market cap was several times GM's and Ford's, despite lower profits and revenues.
Most of tgat value was hype. The expectation that Tesla would disrupt tge auto industry with EVs, and self-driving tech that never existed.
The rest of the auto industry has figured out how to make decent EVs.
Elon has completely squandered the massive first mover advantage he had.
There's now a glut of EVs.
One in every 10 cars Tesla makes isn't selling, and is sitting in an open-air lot somewhere.
Elon's talk about Tesla now being an AI company was hype to keep the share price inflated long enough for him to make an exit.
He's now trying to rip as much cash as he can personally from Tesla before the bottom falls out of its share price.
https://jalopnik.com/so-many-unsold-teslas-are-piling-up-that-you-can-see-th-1851526312
Tesla's market cap was several times GM's and Ford's, despite lower profits and revenues.
Most of tgat value was hype. The expectation that Tesla would disrupt tge auto industry with EVs, and self-driving tech that never existed.
The rest of the auto industry has figured out how to make decent EVs.
Elon has completely squandered the massive first mover advantage he had.
There's now a glut of EVs.
One in every 10 cars Tesla makes isn't selling, and is sitting in an open-air lot somewhere.
Elon's talk about Tesla now being an AI company was hype to keep the share price inflated long enough for him to make an exit.
He's now trying to rip as much cash as he can personally from Tesla before the bottom falls out of its share price.