Elon Musk's Tesla cuts prices in major markets as sales fall | BBC News

Tesla has cut its prices in a number of markets - including the US, China, and Germany - as the electric car giant faces falling sales.
A price war has been intensifying between electric vehicle (EV) makers, with particularly fierce competition coming from Chinese firms.
And Tesla - run by multi-billionaire Elon Musk - reported a sharp fall in global vehicle deliveries in early 2024, and has been forced to recall thousands of its new Cybertruck over safety concerns.
Last week, Tesla also announced plans to lay off more than 10% of its global workforce.
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#Tesla #ElonMusk #BBCNews

[@BillGuerrero-ci1sw]

As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?

[@EvelynManley]

The stock market can appear as a bewildering cauldron of fake news for new investors. I would advise using a CFP, giving him/her 2/3, and then investing the 1/3 on your own, but only if you have time to track stocks and educate yourself.

[@auwaluadamu5244]

@@EvelynManley First two years, I lost money until I got my sea legs. My portfolio is well-matched by a certified financial planner for every season of the market, and just recently hit 7 figures after 5 years of subsequent investments. I'm retired and never leaving the market.

[@auwaluadamu5244]

@MelissaRichards-zz3bd She goes by the name ‘Victoria Carmen Santaella’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finances, but so glad I did.

[@Cryaboutmyhandle]

Scam bots

[@jacobheinz8236]

$2,000 a Significant Price Cut? 😂. BBC must work harder to report ‘significant’ news.

[@humbleindian6303]

EVs are a scam , resale values of EVs have dropped more than 50%, people have realized US and Chinese govts are propping this scam , EV can never replace gas cars , hydrogen is the future , people are buying hybrids instead

[@legolas7r]

BBC and Tesla don't understand that it is NOT about the Price Cut. The car buyers are just not interested in Electric cars anymore because of the bad range when its too cold or too hot + long charging times ( when its too cold or too hot weather )

[@isaac198428]

He fired employees and now slashing prices. People will be mad. Even worse are former employees who had bought Teslas then got fired before they finished paying off those vehicles. 😂

[@McLKeith]

Why would a businessman alienate half of his potential customers in the US?

[@Steven-vo4ee]

Correction: a majority of his potential customers throughout the free world.

[@the0ne809]

@@Steven-vo4ee then why aren't those people buying his cars as well? Is Elmo going to blame DEI too? lmaoo

[@tommybinson]

Why would half of America not want free speech?

[@Steven-vo4ee]

@@the0ne809 I have no idea what you're talking about.

[@Steven-vo4ee]

@@tommybinson Free speech doesn't exist on Twitter / X, it's still moderated and it's not the free speech [or lack therefor of] that's alienating potential customers, rather Musk's own [alt-right] outbursts.

[@worldmedia1476]

there goes previous tesla buyers their car lost value 50% after it leaves the. dealership. Had they bought a Toyota Rav4 Hybrid instead they would have been enjoying a $5,000 increase in value!

[@MithunOnTheNet]

And EV propagandists claimed Toyota would go the way of the Dodo. Look who is laughing all the way to the bank now on the back of Hybrids!

[@Steven-vo4ee]

Hybrids like CFL lamps are a stopgap technology, they serve a purpose but will be made obsolete within at most two decades. I doubt "Toyota will go the way of the Dodo" no least due to their size and reach. Also good for them on capitalising on the hybrid market, I recall when they were derided for the Prius, now the same people champion the technology. Toyota should use the hybrid revenue to stay ahead of the game, for when hybrids inevitably fall out of favour.

[@goldwingerppg5953]

@@Steven-vo4eeToyota understands the car market very well and when they finish developing an electric battery that gets 700+ miles on a single charge in 10 minutes you’ll see them producing them in the millions vehicles, which should be around 2027.

[@wander9642]

@@Steven-vo4ee You talk about 20 years as if that is a short time. You really think by then Toyota has not perfected the technology for EV? Toyota's main point is that EV technology is premature and infrastructure is not ready. Also, Toyota sells cars pretty much in every single country in the world. Compare that to Tesla and the ones who went EV too early who only sell in first world ones.

[@Steven-vo4ee]

@@wander9642 Within 20 years pure BEVs will be cheaper than ICE, Hybrids or PHEVs, they will be the mainstay of the automobile industry by the middle of the century. New ICE vehicles [and their variants] will no doubt be niche by then. I don’t believe Toyota or any other marque has ‘perfected EVs’, I doubt that’s even possible. ICE vehicles haven’t been ‘perfected’, despite having been in continuous production for well over a century. And yes, 20 years is a relatively short period of time. To me at middle age, a five year period seems shorter than a single year in my youth.

[@Rotary650]

@@Steven-vo4ee bet you didn't know the new hybrids from toyota like the rav 4 can get almost 100 mpg. and evs will always take 3 hours or more for a full charge. Also evs have range issues. Your brain is going the way of the dodo.

[@nathancooke9506]

I think the biggest absurdity is the subscription based service for their upgrades.

[@OBWAT]

For what? Full Self Driving? Does FSD come as standard with other vehicle (hint: nope). Don't want FSD, don't pay for it.

[@fearghal10]

Maybe in the US, a lot of countries will just regulate against it

[@humbleindian6303]

EVs are a scam , resale values of EVs have dropped more than 50%, people have realized US and Chinese govts are propping this scam , EV can never replace gas cars , hydrogen is the future , people are buying hybrids instead

[@Jazzmaster71]

Corporate America, needs to keep the stock holders happy.

[@almac9203]

Tesla Depreciation is huge. The price cuts devalue the cars you own. It is a slap in the the face of current owners.

[@Billywoo12]

It is, I have a friend in Australia with $40k negative equity! 2 year old Model 3 performance, finance owing $85K, value $45k! He will never look at them again.

[@GQ1921]

A 2000$ discount will not make buyers run out and buy a car. The discount should be 10,000$ minimum 💯💯💯💯💯

[@issiewizzie]

to me, the Tesla Model 3 is not a premium product hence will only pay £30,000 or less. Fans call removing buttons /indicators/head-up display off the car as style, I call it cost-cutting 😀

[@OBWAT]

I've not heard any tesla fans call it style but tesla repeatedly say it is for cost-cutting reasons. For example, they removed lumbar support because analysis of vehicle data showed that it was rarely ever used. Why include components that do not get used?

[@sunnyd6291]

Your definitely right cost cutting

[@santostv.]

They been removing more stuff with new revisions

[@Drbettencourt116]

How about the customers that paid way too much? Tesla is way too unstable for me and most people

[@almac9203]

The price cuts hurt existing customers whose cars are overnight worth far less.

[@MrLaughinggrass]

Anyone who buys a new car has paid way too much.

[@ciybersal3499]

BYD is better

[@Zeppathy]

Wtb a car thats just a car. I don't need a TV, heated seats, and a smart fridge that can play Skyrim in my car. -.- Also why TF are cars so bloody massive suddenly? Every truck on the market suddenly thinks it needs to be the size of a H1 Hummer for no reason.

[@Maxrepfitgm]

That's just American idiocracy at play and corporate greed.

[@paradisehub9382]

Large cars can be classified as a "light truck" in US motoring law, which don't have the same emissions regulations as "private vehicles".

[@jptrainor]

I'm happy with roll up windows and a manual transmission.

[@markusdowney5457]

i just remembered the hummer when you said it, i remember in like 2005 being a kid and thinking they were so cool lmfao

[@evaldaszmitra7322]

Lada

[@antnam4406]

He should stop pissing off potential buyers and stop sucking up to far right losers who will never buy his cars (they hate EVs).

[@sticky70]

By far right you mean anything left of you then? I suspect you probably think the same of Jordan Peterson? Perhaps it’s you that has trouble with opinions that differ from yours? Ever considered it might be you with the problem?

[@drunkenhobo5039]

@@sticky70 Jordan Peterson fans are like vegans or cyclists. They can't stop themselves from mentioning it at any opportunity.

[@Lululululee]

@@sticky70 oh sweety. Jordan is far right, you are the one being delusional here. Sad state of affairs.

[@jools2323]

@@GolfWhisky Of course they hate EVs. Their oil baron masters have told them to.

[@Cryaboutmyhandle]

“ everything I don’t like is far right” How to tell everyone cnn owns your tiny mind.

[@shin4655]

Somebody who just bought it two weeks ago is going to be super pissed.

[@Billywoo12]

Or any time in the last 3 years, the price drops have been hideous. Customer will have huge negative equity on their finance agreements.

[@MrLaughinggrass]

​@@Billywoo12 if they've bought a brand new car it has lost a lot of value with or without discount as soon as they drive it off the parking lot.

[@Cryaboutmyhandle]

@@MrLaughinggrass not if you buy the right brand with a good resale value. I bought a sub and it’s lost only 1k in value and that’s the miles I’ve put.

[@lalos9782]

@@MrLaughinggrassand it’s even worse if the manufacturer decreases the sticker price, which Tesla just did again 💀

[@CoolWatts]

This has happened MULTIPLE TIMES, esp. with the high end models (Plaid). Which were bought by the super Tesla fan early adopters. Which Elmo Muscovy just completed fucked over and alienated.

[@phillipgoodyear4196]

Cut Elon not prices.

[@mikelucas4247]

It sounds like you paid overprice for your Tesla😂

[@Dale-11]

Cut the man behind the biggest car change since Henry Ford 😂 delusional. You wait till self driving cars then the robots 🤑

[@sojajose9886]

😊

[@sojajose9886]

Elon is a genius

[@Dale-11]

The fact is most tesla haters have never even stepped foot in a tesla, alot of jealous people tbh and I really hope the stock price drops more I definitely need more! Please remember this comment in the next 5 years 🤝

[@matthewgartell6380]

Gonna get even more bumpy. There is no more brand loyality.

[@MrJanes-cl5sj]

well yea but in this case u have to earn brand loyalty as opposed to crapping on your customers every chance you get....

[@Dale-11]

Most tesla owners would only buy another tesla.

[@Alex-jx5bx]

Who needs that garbage anyway

[@almac9203]

@@Dale-11 that was the case 5 years ago but virtue Signalers now have other options.

[@OG.Stangs]

I once wanted a Tesla, I'm glad there's more options now

[@89joshuadavies]

You're a fool. Awful quality control

[@ciybersal3499]

BYD I like

[@louisn6256]

Everyone else should do the same no one can afford these stupid prices 2k is still no where near enough tho 😂

[@humbleindian6303]

EVs are a scam , resale values of EVs have dropped more than 50%, people have realized US and Chinese govts are propping this scam , EV can never replace gas cars , hydrogen is the future , people are buying hybrids instead

[@Emtrax.]

Only 2000 in two countries. How is this even news. Seems like an ad for tesla.

[@BenState]

Because if you look up news on Elon, its going bad on every front and this is simply another nail in the coffin.

[@Billywoo12]

They have dropped 30% in 3 years. That's more of a problem!

[@archingelus]

it is truly amazing how fast the bots are with the comments

[@giofranco6887]

Bought and paid by Elon

[@Cryaboutmyhandle]

Says the bot.

[@nsbd90now]

@@Cryaboutmyhandle Oh oh. Sounds like it's reaching self-awareness.

[@OBWAT]

Examples? I can't see any in support of tesla

[@jz261]

​@@nsbd90nowikr

[@goldwingerppg5953]

I won’t be buying a Tesla car or stock anytime soon. I don’t trust Elon Musk.

[@sojajose9886]

Why

[@goldwingerppg5953]

@@sojajose9886 Tesla is overpriced, EV’s market is saturated and Elon is a habitual liar and emotionally unstable.

[@ciybersal3499]

I hate Elon

[@humbleindian6303]

EVs are a scam , resale values of EVs have dropped more than 50%, people have realized US and Chinese govts are propping this scam , EV can never replace gas cars , hydrogen is the future , people are buying hybrids instead

[@AaronTheGreat________]

😂😂😂😂 who cares grandpa

[@elifitness1923]

Wow 2k will make a big difference 🤦🏽‍♂️🤣

[@thearousedeunuch]

It may be enough for the monthly payments to fit a person's budget, or for the credit itself to be approved.

[@xzxxx-km4vy]

Theres 2 million of them, only a cuck that can't do math wouldn't think it's not a lot

[@Billywoo12]

They have dropped 30% in 3 years globally - this is a problem! @@thearousedeunuch

[@rivergladesgardenrailroad8834]

NOT

[@hizzlemobizzle]

I wonder how much Elon's toxicity is affecting sales. It seems he is at war with his core consumer.

[@Steven-vo4ee]

It's a significant factor, the removal of the stalks from the S, 3 and X are also driving away potential custom, however Tesla shares are overvalued regardless.

[@MusehanaH]

...he needs to lay off Twitter...X...whatever. Seriously, guy is a multi-billionare who is addicted to his own stuff

[@BenState]

@@MusehanaH he even cosplays as a child under another account.... seriously sad.

[@josephsmith594]

A $2000 price drop is not particularly newsworthy, you can get any brand of car on sale for at least that much off at the right time of year.

[@Loneranger670]

I love the fact that the prof has a substantial drinks trolley just off to the left of the screen 👍🏻

[@eattherich9215]

That's just what we can see. 😂😂😂

[@markmcculloch2570]

Could go a shot or two.

[@michaelm8027]

Who would buy from Fascist Motors? He’s firing workers to pay his $50 billion annual pay package.

[@sojajose9886]

That's a truth

[@sojajose9886]

I think elon is just a businessman and he lacks empathy for other's

[@skymanifest8339]

That word. I don't think it means what you think it means.

[@MrLaughinggrass]

The entire workforces jobs will go if he doesn't run it like a business and instead runs it as a charity just to employ people.

[@OBWAT]

Fascist Motors? Are you talking about the German car brands like BMW, Audi, Porsche and Mercedes that supported the Nazi's during WW2?

[@youtubeaccount9808]

I am an owner, and their cars are becoming miserable to own. I had paid for FSD (Full Self Driving) and the recent version 12 update disabled cruise control in my car. I no longer have traffic aware cruise control in my car. Just absolutely wonderful. They also removed the ability to call the service center to save money. I used to tell everyone I know to buy a Tesla and now I tell everyone to NOT buy a Tesla.

[@royed31]

Bigger demand for hybrids now and Tesla has none Tesla has a tired line-up with nothing new coming A boss who want his 56 billion pay reinstated whilst laying off staff and shares price tumbling

[@Dale-11]

You do realise he doesn't take a salary? Only stock incentives.

[@DrMikel-dp4kb]

Tesla has had people fooled for a while now, but all the Hype has caught up with them . People are starting to see Right through them now.

[@ydnallah1541]

Just cut workforce too

[@eattherich9215]

That after leaving California for a more favourable business environment in Texas. 😂😂😂

[@brianbb0208]

Well there's competition That will compel Tesla to make cheap cars. I think they flopped when they decided to go with the robotaxi instead of the cheap car

[@shintarojaucian199]

Buyers may have realized that Tesla cars have quality of being disposable.

[@treelonmusk5723]

Maybe release a smaller version for Europe, not a sedan

[@Steven-vo4ee]

@@santostv.Cybertruck will never be sold in European markets, it cannot comply with the pedestrian safety regulations and is far too large I doubt it even has a real future in the North American market, it’s too niche a product.

[@ciybersal3499]

BYD dolphin

[@DJAYPAZ]

Many reports from inside and outside China indicate growing cost of living problems are impacting people and businesses. Unemployment in China is a major problem, political import restrictions are not the only factor causing economic problems.

[@lorenzohuynh1550]

How about increasing fit & finish quality???

[@almac9203]

German or Japanese have quality and finish. That's not the MO of Tesla

[@bigwatts9694]

Buyers regret has spread wide throughout California

[@mrakronyahoo]

Price cuts everywhere except the UK. Where peoples real income is falling…

[@EvilijoUK]

I know, talking of price cuts, cheapest model 3 in UK is 40k, which is like 50k USD. It's a joke lol

[@OBWAT]

@@EvilijoUK Prices are determined based on market clearing price. UK has different market clearing price to USA. Same reason iPhones are more expensive in UK compared to USA

[@defaultdefault812]

Real income is falling all over the world...

[@mrakronyahoo]

@@defaultdefault812 Its much worse and more prolonged in the UK (than say the US)

[@drunkenhobo5039]

@@mrakronyahoo Hey those yachts won't pay for themselves!

[@user-kt6ct5jc9p]

Sony and Nissan were the first companies in the world to create EV cars equipped with lithium-ion batteries, but they were not popular in Japan due to their high price. Later, Toyota created a hybrid car, and hybrid cars became mainstream in Japan. Although lithium does not emit carbon dioxide, it causes serious soil pollution. Quantum engines are the future of cars.

[@shekharpaul966]

this is Tesla Vs Chinese Government..... totally uneven playing Field

[@Billywoo12]

This is China having more highly skilled engineers than the US by a factor of 10:1 and having much better supply chains. They have tonnes more capacity and capability.

[@jonathanrodriguez8219]

Bll Clinton started the Globalization act and eventually made China the World's factory. Companies from the west came flocking to China and the Chinese learned new technology because of them. And now, China is striking back, competing with the forces that helped them grow... That seems a far fetched attitude to me..... Always learn from the people that taught you and made you grow....or else....

[@Billywoo12]

And the BBC still has beef with Elon after that Twitter interview.

[@TheRasta4ri]

In May 2012, after a Nissan GT-R crashed into a BYD e6 taxi in Shenzhen, China, the electric car caught fire after hitting a tree killing all three occupants. This winter of 2023 in the united states stories of people found dead & stranded in their electric vehicles was a wake up call knowing now that the limitations of EVs can threaten your life September 13, 2021, a Chevrolet Bolt caught fire in a private garage in Cherokee County, Georgia, USA. The owner had either been unaware or simply ignored the recommendation to park outside

[@OBWAT]

No one has been found dead in a stranded EV..

[@esta1177]

No one seems to be able to answer if FSD cars will be entitled to the autonomous upgrade when it becomes available. Or will it be a separate purchase????

[@frostmelody]

Isnt this good? All this talk of inflation, more company should cut their price.

[@user-ce4jf3hf1k]

an ev is too extreme for most situations . tesla is missing out on the hybrid dollar .

[@Jazzmaster71]

I was expecting this years ago. Amazing it has gone so many years until the inevitable happened.

[@garyquinlan4075]

This is all Rowan Atkinson's fault😂😂

[@Koulis_]

The BBC really don't look at the bigger picture when it comes to Tesla. I'm far from a Tesla fanboy but the production efficiency at the factory allows Tesla to slash prices without losing profit to gain market share. As for the Chinese, their strategy in Europe isn't really in full swing at the moment. The cars may be cheap in China but need to be cheaper than the current prices are in Europe. The public's brand knowledge isn't good enough and there is no real incentive to go for their products over more well known brands. BYD sell older designs with the Atto 3 and Dolphin with only the Seal being a real competitor in the market. It is my belief that the Chinese are only just dipping their toe in the European market and will only come on song when factories are built in Europe and they have better marketing knowledge of how to sell to Europeans. Tesla are so far ahead in design of software and efficiency and make profits from superchargers and batteries for home wallboxes as well as their other interests in aerospace and robotics. They also sell the best selling car in Europe, the Model Y, by a solid margin. Falling sales are due to many factors, for example the terrorist attack on the Berlin factory or how Tesla delivers vehicles per month. Invariably the trend in terms of momentum is increasing market share and Tesla and the Chinese will be the beneficiaries. The legacy makers will have to merge with Chines brands and some may well be taken over as they become less relevant. They have taken too long to adapt and are already behind in production efficiency, software design and knowledge of EV Drivetrain efficiency.

[@user-fr3hy9uh6y]

Will the US ban BYD Ev's from the US market? They are doing in other markets that they can not compete in, like phones and chips.

[@omi_god]

What is "BYD"? And by the way, without American-made Gorilla Glass on the screen, where would iphones be?

[@eXclusive1]

well america doesn't want to compete so plays unfairly same with TikTok

[@omi_god]

@@eXclusive1 If you want to talk about unfair business practices, you will want to talk about CHINA. China is the worst offender on earth.

[@Steven-vo4ee]

@@omi_god BYD is one of the largest battery manufacturers in the world, 15 or so years ago they started manufacturing cars and busses. Their cars were pretty poor until quite recently, now they're making some pretty excellent cars, the BYD Seal is superior to the Tesla Model 3.

[@omi_god]

@@Steven-vo4ee Call me shallow, but I am most often drawn to a car by the way it looks, which is why - so far - I think EVs have been a big yawn. I'll check out the BYD designs, but I'm not hopeful. Not a fan of the Chinese design style so far. EDIT: I just had a look. Meh. I wish someone would design a car that didn't resemble a shoe.

[@jaredp8169]

I test drove a model y and and ioniq5. Ended up buying the ioniq5. Not a big fan of the simplicity of Tesla and having to use the screen for everything

[@umtatraining]

The way the Chinese are building EVs, at a fraction of the cost, with essentially the same quality, there is just no way anyone would waste money by buying over-priced Teslas. Already, the demand for EVs is waning and the costly ones will just remain unsold.

[@adriandarke5393]

These EV cars were only ever really a viable financial proposition if leased as they depreciate in value too much, and the service or parts are just expensive. Its a never never HP job.

[@JeffEbe-te2xs]

And still,can’t give them away

[@yaboiyoshio8622]

trying to sell cars in the country you hate with the economy you want to collapse doesn't come off as a sound strategy

[@anchmcle]

They must with all the recalls and issue, why are people still trusting? There is a city here in the US, (can't recall which) that are using Tesla Cop cars now...

[@OBWAT]

Do you Trust Toyota? They recalled 2.3 million vehicles due to an almost identical issue with the accelerator pedal. Fortunately Tesla addressed it early so they only recalled ~4000 vehicles

[@carmencajayon937]

@@OBWAT Toyoda can recall 5 million or more of Tundra/Tacoma and or Camry = Made in USA, Get it done = same by Workers in Assembly Line that CEO get paid a Million Times more than them... While as Toyoda and/or Honda Subaru = the Owners CEO salaries not more than 500 times the Workers. There would be a Line up of Loyal Owners of the Honda/ Toyoda/Subaru/ Nissan/ Mazda waiting for Orders to arrive at the Dealers they ordered.

[@OBWAT]

@@carmencajayon937 I'm struggling to decipher whatever point you are trying to make. Are you suggesting that any loss in public trust resulting from recalls can be offset but having a CEO that is paid less and workers based in USA? Makes no sense to me. You realise Musk isn't paid anything by Tesla and only receives stock options if the stock hits certain targets determined by the board and shareholders?

[@joe2mercs]

I suspect that the fall in quarterly deliveries was as a result of compound effect of Q1 being generally lower than Q4 and that the poorer EV market in China is mirrored in the downturn of the real estate market. In spite of putting on a brave face by the Chinese government, consumers in China are voting with their wallets and curtailing their discretionary spending reflecting a deeper grass roots concern about the economic outlook.

[@alistairhaward6902]

The argument might be stronger if it focused on how investing in the Cybertruck, which has limited appeal due to its US-only availability and low sales figures (under 4,000 units), might have detracted from potentially more profitable ventures such as launching a new car or updating existing models more significantly than just facelifts. Many customers who previously owned a model may switch to a different brand when their lease ends if the same model hasn't evolved significantly. To retain brand loyalty among car enthusiasts, it's crucial to offer new and innovative models regularly, providing fresh options for customers looking to upgrade. This could keep them engaged with the brand instead of seeking alternatives.

[@OBWAT]

Tesla has the highest retention rate of any vehicle brand so I'm not sure how you came to that conclusion

[@kakilander3238]

So that means teslas should have never been that expensive, its kind of sad that they sell cars way above the materials and assembly costs, We the customers paying the premium to make their end of year figures look good. Especially us in the UK >.>

[@P2B_JC]

Not to mention the low-hanging fruit of the profit world like data mining and sales, monthly subscriptions, and declining service requests.

[@Ultradubmarine]

Tesla make profit on every vehicle sold. This reporting is lazy and purely to make us watch it. Look at there profits! They have just released FSD in the US, however no one is reporting on it

[@hayleyfay4779]

I'll never buy an EV so deadly for thr environment. petrol for me

[@OBWAT]

Yes, petrol is great for the environment! 🤦

[@sophaman9193]

Hybrid baby is to go Mr Akio toyoda he is the genius

[@preshisify1]

Walmart is selling tricycles, with a grocery basket on it to carry bags, and Newport approved golf carts, like the villages in Florida, but new england has4 seasons, and bike lanes in the roadways are for 2 wheelers 😷☕🇺🇲😮

[@cliffbarber1642]

This is a classic trap and the only way out is for Elon to sell Tesla to larger car manufacturer

[@barsixful]

I’ll stick to my rav 4 hybrid….5 litres per 100 km and RELIABLE!!

[@robertherman1146]

Not sure why anyone would want one of those horrific cars but hey, some people just plain naive.

[@dananjayabandaranayake1028]

Next is intel and AMD after the completion of 2nm chip , the last will be AWS.

[@quantumchang4410]

2000 bucks discount hardly makes a difference.

[@HappyFunTimeMedia]

Challenge for Tesla: Make an affordable vehicle with all the basic functions for less then $10k.

[@helloworld6126]

You may think that EV saved the petrol cost. However EV got low resell value in second hand market. When the battery is aging the car worth nothing. Seems to me that EV in the accounting book is not an asset. It is an expense - an expenditure item and quickly depreciated to nothing. 1. Range anxiety 2. High repair cost in particular on battery 3. High depreciation due to Tesla cut price rapidly and low resell value

[@Steven-vo4ee]

Current generation batteries will outlast the cars they're installed into.

[@EvilijoUK]

​@@Steven-vo4eecorrect, the batteries should easily last 200-300k miles, how many of you drives ICE cars with that kind of mileage??

[@drunkenhobo5039]

@@EvilijoUK If you ever listen to them they apparently go 800 miles every day without stopping so must rack up 200,000 miles pretty quickly!

[@idontwanttochooseausername]

To be honest, any car that isn't a limited edition Supersports Car will depreciate in Value rather quickly, a normal car loses 25% of its value in the first year and will loose 50% in the next 3.

[@CoolTebza-eh7ig]

Companies with cheap cars 😂 will suffer a huge loss , as companies you must think of of the future

[@davidcampbell7209]

Why would anyone want to buy a car which we know is going to cost a lot less in a few weeks or months.

[@aditya_saha]

pretty sure i saw this anchor somewhere else

[@user-gp9nb1nu8o]

I would a like a truck that goes rusty and doesnt like being washed. Said no one ever.

[@burgundyexpress]

End child slavery. Ban EV'S.

[@MOCHI-ek6rc]

Ev is dead. Too expensive and takes time to charge. My time is vital.

[@OBWAT]

Charge overnight. Wake up with a full battery. Can't do that with an ICE car (unless you have a fuel station at home?)

[@pasitosjunior4939]

I hope BYD comes to USA. They have amazing car designs and also they are cheaper and more affordable. Tesla designs look all the same and very simple in the inside. Chinese market is growing super fast at electric vehicles. Selling 3times more than what Tesla sales.

[@theoverlord1925]

Until they extend battery range by at least 50% , have more charging stations around the countries and drop the EV prices by at least 35 % the EV revolution is going to go slowly……

[@lindonk20]

Well, half the world doesn't have electricity 24/7, so it makes sense. As a matter of fact, here in South Africa, where Elon comes from we still using carburetors

[@alcozar5905]

I thought Teslas were investments???🤔🤔🤔

[@andrewbantick6311]

😂😂

[@Cryaboutmyhandle]

To pump and dump the stock? Yes for the rich who got into it first.

[@OBWAT]

Since when? Cars rarely make good investments

[@Cryaboutmyhandle]

@@OBWAT I build custom cars and I’ve never thought of them as investments. It’s money pit and that’s it. You be amazed how many dudes spend 80k building a car and get angry when offered 50 at most for it. They are a depreciation asset.

[@mhcronje]

Why would a toy car be an investment. It’s a battery with wheels. I have Lego technic set that is now different. Just smaller.

[@Billywoo12]

If you purchased a Tesla 1-3 years ago, anywhere in the world, you are going to be really upset. Finance agreements will be worthless, with huge negative equity. Tesla better have a retention program to keep customers. A friend of mine in the Australia is having to deal with $40k negative equity!

[@OBWAT]

Same is true with just about any EV. Take a look at the depreciation on a porsche EV over a 3 year period! You'll be down over $60,000!

[@Billywoo12]

Tacans have taken a real hit. BMWs seem to be ok?@@OBWAT

[@AchwaqKhalid]

Lol when you realize the cut was just $2,000 🤣🤣🤣

[@TriAngles3D]

For the Love of our Toyota Hybrids. 35 years ago the prediction was that the EV revolution would stand on the shoulders of Hybrids.

[@Will-df6uu]

As the person who is trying to understand English, I wonder if the voice of the anchor is the standard British accent. I could not understand at all.

[@JeffSokol604]

Here’s hoping the Cybertruck comes down in price too

[@Steven-vo4ee]

My money is on it being discontinued long before any other current Tesla model.

[@BenState]

@@Steven-vo4ee Yeah agreed. By the time they respond to all the problems it will be cheaper to recall and refund the lot.

[@citizenenak]

I will never buy a Tesla because of Elon Musk. This is the most attention that virus gets. When he starts behaving himself with a little self awareness outside of his pocket book we can listen to see if life teaches him anything. Its doubtful if past is prologue.

[@OBWAT]

You will never guy a Tesla because you can't afford one

[@Steven-vo4ee]

@@OBWAT I own a Tesla Y and very happy with it, however as things stand I'll likely never buy another Tesla for three primary reasons: (1) The removal of the stalks from the S, 3 and X, likely the Y too in the near future, unless Tesla reverse course as they did with the daft yoke. Indicator buttons on the steering wheel is not acceptable or practical. (2) Brand damage by Musk. He needs to keep his [alt-right] politics to himself, I and likely a majority of the Tesla customer base do not want to be associated with his social media outbursts. (3) There are now viable alternatives and the Tesla line-up is becoming quite stale.

[@nsbd90now]

The only way to win back confidence in Tesla is to get rid of Elon Musk.

[@eattherich9215]

Tesla might have been a much better product had not Muskrat bought his way into he business and started interferring.

[@SawSaw-zd1cy]

No. Get the right logic and reason. The Chinese are the best in solar panels and batteries. They produce the best EVs now and they are not expensive. With the sanctions on Russia by Europe, China found a great market to sell their tech. They have flooded Russia with these cars which are super beautiful. Some European countries are now eying them. Therefore Tesla has no option. Germans understand these well. That was one of the reasons the Chancellor visited China recently where they talked of Chinese 'over capacity'. Again, China has a friendly relation with countries in Africa where they get the minerals for their batteries. They see Africans as partners and not 'nobodies'. China is building capital based projects, infrastructures that Europe out off arrogance neglected. The tide has changed so Tesla has no option. Watch out what India will do to the aerospace soon.

[@Alex-jx5bx]

👍👍👍👍

[@sojajose9886]

​@@SawSaw-zd1cyyou said the right story

[@sojajose9886]

​​@@SawSaw-zd1cyindia has already got well established native car companies like Tata motors Mahindra motors etc amd also German motors us own company ford BMW etc

[@QLHOOQ]

Why is it so ugly?

[@usiohaki295]

Tesla is history.

[@sojajose9886]

He has to do good marketing techniques or tools to achieve hike

[@BenState]

Hahahhahah, global recall of the cybertruck, now this. What a genius.

[@OBWAT]

The cybertruck is only sold in the USA (so there is no global recall). They recalled less than 5000 vehicles. Toyota has recalled 2.3 million vehicles due to an identical issue with the accelerator pedal. Thankfully Tesla issued the recall early before they sold millions

[@FaceTigers]

Thanks to BYD and Chines car manufacturers breaking the Tesla monopoly. Market competition is always good for consumer. Low price and better quality. it is just like smart phones today we have many good options with reasonable pricing.

[@webdeveloper2432]

Bro bought Tesla few years back so that he can save couple of thousands on Gas. Now his car costs half in resale as new ones were way cheaper!

[@selinovaldes]

Those eyeglass frames, though! 🔥

[@oo0Spyder0oo]

Yeah and they say plastic bags are a problem…

[@BenState]

@@oo0Spyder0oo huh?

[@Pe6ek]

Fun fact : Everybody does.

[@isakalay6839]

What tesla supposed to do .open a factory in every single continent to manufacter cars fo each continent Like he needs to open one in europe and that car company should only manufacter for europe not for america or asia or africa .that way more appropiate.

[@YodaOnDMT]

The genius, geniusing. I'm debating whether to feel sorry for anybody who bought a Tesla before we knew just how terrible the cars and the creature who stole Tesla, were. It was obvious that it was a con but most people don't know enough to have known it was a terrible solution and is probably doing just as much environmental damage as petrol cars, except most of the damage will be done at a later date.

[@hardlycode]

Great job BYD

[@OBWAT]

BYD deliveries down 43% since Q4 2023. All vehicle manufacturers are struggling in this market

[@vervetech9395]

Competition is good for consumers. Monopoly only milks you dry

[@walden6272]

@@OBWAT BYD deliveries are not down. 43% is only from previous quarter comparison. Due to Chinese New Years, that quarter is ALWAYS get a massive drop. You need to see Year to Year comparison, not quarter to quarter. Watch next quarter, BYD sales will skyrocket because Chinese New Year is over and public goes back to usually shopping habits.

[@amandagrant4331]

In the first quarter of 2024, BYD sold 626,300 vehicles, a year-on-year increase of 13.44%.

[@BenState]

@@OBWAT Look at car sales over quarters and you'll see all manufacturers have lower sales in Jan and Feb. Standard, normal sales volume fluctuations. YoY is the only variable that counts and they're up nearly 15%.

[@mikemccormick8115]

Cutting prices again, for the 8th time. No denying it, demand has leveled off. Tesla can’t cut prices to the point of people buying them again, because in this economy people can’t afford these ridiculously expensive, highly optioned cars. If they were smart they would have built a true economy car from the beginning, much cheaper and less gadgety, gimmicky than the model 3

[@logiclust]

He could give me one for free and I still wouldn’t drive it

[@OBWAT]

Because you don't drive?

[@wobsoriano]

@@OBWAThe doesnt have license

[@Loneranger670]

I certainly will drive it so you can send yours along to me. Thanks

[@OBWAT]

@@Loneranger670 He doesn't have a car. Or a driving license

[@Loneranger670]

@@OBWAT all the more reason to send it to me 😂

[@sarabeth8050]

Tesla is just a niche car company whose market has just collapsed. The stock price is insanely high. It needs to drop to single digit dollars per share to be fair.

[@mikafiltenborg7572]

😂😂😂 Tesla Energy will be bigger than Tesla Auto after year 2030. Robotaxi 8 /8-2024

[@SubjectiveFunny]

Ah, you know better than the free market. You must be a brilliant economist.

[@user-fed-yum]

I was thinking penny stock myself 😂

[@Cryaboutmyhandle]

@@mikafiltenborg7572said nobody but bots.

[@Cryaboutmyhandle]

@@SubjectiveFunnytell us how a throw away car is better for the environment? We will wait.

[@TheBattleMaster100]

Tesla could've just built cheaper options. Their existing customers aren't going to be happy.