Thunderf00t predicted bankruptcy... Here we go.
Enough Musk Spam
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A car company with a tech startup multiple was always going to lead to tears.
Imagine a car company selling the same model and style of car for over 10 years. That's almost every car in their line up except for the goofy rust box. There is no innovation in Tesla.
Remember when Tesla was an exciting and emergent name in energy and power systems? Tesla solar tiles made solar look incredible. What has Tesla done lately to drive down costs or increase value? Nothing. They recently came out with the 3rd iteration of their on-site battery and it is a lateral move from their earlier models. There is no long term growth or money put into research. There is no innovation at Tesla.
While their cars haven't changed visually, the technology in them has come a long way, in particular the battery tech.
To say there is no innovation isn't quite fair.
Nothing wrong with that if you do it right. The original air cooled VW Beetle sold and sold and sold for years.
The original Beetle was a very cheap car being sold at a time when no one else was making such vehicles. Sales tanked once competition showed up. The problem is that Tesla is seeing competition now.
Also, Teslas aren't cheap. So the market for them is much smaller.
They made the Beetle from 1938 to 2003. Pretty sure other people were making similar vehicles during that time span. They only stopped making it because it could no longer meet environmental exhaust requirements in most countries (air cooled).
It was well past its prime by the 1970s. VW would've ended production long before 2003 if it wasn't seen as an iconic vehicle.
Not who originally commented but you said the original air cooled beatle and then proceeded to to say 1938-2003 which is it. The OG or all of them?
I can't speak for other countries, but here in Brazil we suddenly got a massive influx of Chinese electric car brands. The feeling I get is that I went to sleep in a country where you couldn't even find an electric charger and woke up in one where I could do a road trip with an electric car with zero issues.
Vehicles are extremely expensive here, but a Tesla would be out of this world expensive even if we just directly converted USD to BRL, which is not anywhere close to the actual final price. The Chinese cars are affordable by comparison, they do not lock you into weird proprietary non-standards, they have easy to purchase spare parts and do not require some weird dance to get a repair technician when you need one... I can say Tesla would have zero success here at this point. Completely different context, but I can see why they're no longer growing in the US given how there are other mature electric cars brands out there - missing the pretentious tech bro appeal, of course.
I see a lot of BYD cars here in Australia as well (along with some other brands). And I guess even if you buy a Tesla here, your car will be made in China no matter what.
You can't really get any of those Chinese car brands in the USA. Best you can usually do is import one directly yourself and by then the price doesn't make sense. I assume that GM and Ford have something to do with it.
Fuck Elon Musk, Fuck Tesla, but Fuck the Wall-Street need for continuous unending growth more
Continuous unending growth will work bro. Please trust me! Expecting infinite growth within a system with finite resources definitely makes sense and is totally sustainable.
This is how Wall Street thinks the economy works.