How bad are things at Tesla? So bad that it would have lost money in the first three months of the year had it not been the sale of regulatory credits, credits that could be going away if the Trump administration gets its way on auto emissions rules.
  • oyzmo@lemmy.worldEnglish
    2·
    26 days ago

    This is exactly what someone would say if they were on the ‘ragged edge of death’.: "This is not one of those times. We’re not on the ragged edge of death, not even close. There are some challenges and I expect that this year will be probably be some unexpected bumps this year but I remain extremely optimistic about the future of the company.”

  • Treczoks@lemmy.worldEnglish
    23·
    27 days ago

    It is fun to see that the little plus they made came from regulatory credits, i.e. emission trade. Which is likely to be chopped under Trump for being woke in the highest.

  • FireAtWill@lemmy.worldEnglish
    4·
    26 days ago

    I’ve seen nothing about China’s BYDs that doesn’t make me think they’re far better engineered. Hell, before Trump forced us to pay a huge tax to buy Chinese, they were even cheaper.

  • BedSharkPal@lemmy.caEnglish
    166·
    28 days ago

    Good. Let them burn. The moment that loser heil Hitlered he should have been removed the next day. You are now complicit and have chosen your side.

  • Optional@lemmy.worldEnglish
    411·
    28 days ago

    It was only able to post a $409 million profit in the quarter thanks to the sale of $595 million worth of regulatory credits to other automakers.

    • snooggums@lemmy.worldEnglish
      331·
      28 days ago

      Musk is the biggest welfare queen in the US, likely the world. All his businesses are propped up with governement funding.

  • NoiseColor @lemmy.worldEnglish
    41·
    28 days ago

    Worse? Its been looking pretty bad for the last couple if months. The stocks did bounce, that’s true, but I would buy - that said, I haven’t picked a winner yet either.

  • filister@lemmy.worldEnglish
    6·
    27 days ago

    And still their market capitalisation is probably higher than the biggest ten automotive manufacturers combined.

    • huppakee@lemm.eeEnglish
      31·
      27 days ago

      This news does make me happy, but if you’re implying it doesn’t belong here I’d like to say I agree.

      • Krauerking@lemy.lolEnglish
        624·
        27 days ago

        And we are better off spiritually or socially for his company having a hard time?
        Its not him. Its a symbol of him but not the actual fascist.

        I am not upset at the news but it doesn’t bring me great joy as it does not change the situation, he has the ear of power.
        This feels like celebrating a neighborhood burning cause you got mugged once when walking through it.

        • Tiger@sh.itjust.worksEnglish
          7·
          27 days ago

          Your comparison didn’t make enough sense sorry. Tesla is directly related to his wealth, which gives him his power, which gives him the ear to power you mention. He’s an asshole. If you erode the value of Tesla, you decrease his power. Decreasing the power of this fascist asshole is a good thing.

        • Goodmorningsunshine@lemmy.worldEnglish
          112·
          27 days ago

          This feels like celebrating a neighborhood burning cause you got mugged once when walking through it.

          Then you and I have very different conceptions of a neighborhood. Neighborhoods contain humans and are good and bad as a correlate to their good or bad effect on people’s lives. Companies contain products and are good or bad based on how well they do or don’t serve the profit of shareholders.

          Moreover a company facing consequences for giving all of its power to a fascist intent on literally funnelling the world’s wealth to himself and turning us back to feudalism is not merely symbolic, especially since his wealth is still tied to it. Sucks to suck. They could’ve dumped him with the Cybertruck.

          Lastly, though bankrupting a company isn’t merely symbolic in this case, symbolic retribution is not worthless. If we made effigies of these people and executed them, lit them on fire, and dragged them through the streets, there would be real effects. The coalescing of the people’s anger, the fear of those who were burned in effigy, whatever steps that would be taken in response. Symbolic acts have power.