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.
He is both the leopard and the face.
Lol, read the title of the article, saw that it is in "Uplifting News", was confused for half a second but yep, I'm ok with this.
I too had a sensible chuckle. I do feel for the employees who just want to produce cars and innovate. Sure sucks being drowned by your own mother.
Didn’t even realize until you pointed it out. I did feel a bit happy while reading, so that checks out.
Then, I thought about the way America is sinking, and the power vacuum being left behind. Gotta say, I wasn’t quite so uplifted any more now that I remembered that China will be taking that role on the world stage. Maybe 100 years from now people will be watching Chinese movies and using Chinese loan words.
We had a chance at Star Trek, we decided to aim for Firefly instead.
more cyberpunk since we are unlikely to colonize other planets.
I'd say we're deep in Farscape territory right now, heading for Lexx fast.
Farscape, heading towards fallout.
Maybe 100 years from now people will be watching Chinese movies and using Chinese loan words.
In the West those movies will probably still be in English and mainly from Hollywood. But China will own half the companies making movies there.
Things will change, but somehow they will remain mostly the same.
China is facing a huge demographic crisis in the next 10-15 years, so I don't think so. More likely the EU steps up but the world becomes more multipolar in general.
I'm using this now but it does disturb me that it is playing below the bridge.
Have an upvote.
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.
Musk is the biggest welfare queen in the US, likely the world. All his businesses are propped up with governement funding.
Spirit Halloween Store coming soon!
Okay, so people really need to understand what's going on at Tesla and their profits because while things aren't great, it's not as dire as you might be hoping.
Are their profits down, absolutely.
Does Tesla get a lot of money from ZEV credits, yes.
Are things as dire as everyone seems to be thinking, not quite.
Tesla knows they are getting the ZEV credits, and have for years, and they plan their business around it. All those years, and even this quarter, where someone looks at it and says, they only made a profit because of those credits, misses the point entirely (although this quarter I'm sure was unexpected for them)
When you know you have 400-500 million in credits coming in, that means you can plan to spend 400-500 million extra on capital expenditures and R&D and that's what they do. Tesla is spending billions on capital expenditures and research & development to expand, making their own battery cells, building a lithium refinery, scaling their energy business by building 2 new factories (1 in California, 1 in Shanghai), building a massive AI datacenter etc.
It's always been like this at Tesla. They've always been highly profitable if they wanted to be, but have been plowing money back into the business.
So yes, there have been many years or quarters where their profits were entirely ZEV credit based, but that's intentional. Its how you grow a business.
If this sales slump continues, all they need to do is slow growth, or not slow growth because they have something like $35 billion in cash and almost no debt. Is slowing growth bad? Absolutely. But they aren't going to be magically losing money unless they choose to not slow growth and take the hit. (Note: The cybertruck might be the exception there, that might be a money pit)
Is this bad for the stock price? Hell yes.
Is Tesla in dire trouble? Not really.
Great points all around, well thought out and reasoned. There's just one problem: slowing growth won't save them if nobody buys their rolling dumpsters anymore lmfao.
I mean we'll have to see how bad things get, but there's a long ways to go from now to sales so low even the energy business can't cover the costs of the facilities and staff even if they stop most of the capital intensive projects, idle the lines, and try to turtle while working on kicking Elon out and reorganizing.
Edit: just to clarify, the commercial energy business isn't going to get hit as hard as the consumer vehicles market. I don't expect to see such a huge slump there compared to the consumer vehicles.
The thing is: in the past they used the R&D for things like model 3 and model y, huge commercial successes, now they are investing it in cybertrucks, robotaxis, humanoid robots and AI, which are either proven failures, vaporware, non-monetizable or a combination of all the above.
As they slow down sales, the credits will also slow down, and if (when) he is thrown under the bus by Trump, will go away completely.
2025 tesla is completely different from 2017 tesla. Both overvalued, but with very different outlooks.
I love how this is in positive news
Their CEO is a nazi so yeah, we get it.
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.
Suddenly I realize what all the data he gathered is for. It's a dead man switch. He dies or gets thrown under the bus, he releases all the data the government knows about all the wealthy dodging their responsibilities and shitting on the middle class.
That would be the best case scenario, in reality he just datamined and is using it to sell metadata to foreign countries and train an AI on data that nobody else had
Why though. It seems nobody cares. It could be released and people would go who cares.
let's go for the trifecta and get it to happen at starlink and spacex too
But they could always be worse :)
The "uplifting news" that makes us all think about US politics again, for the 40th time today.
well then let's make them worse so they appear even more worse
In the eloquent words of Matt Serra,
"Good. Fuck 'em"
*squints*
I can't tell, the Tesla lot is awfully dark. Would anyone mind lighting it up?
That's crazy because it looks pretty bad lol
Excellent news!
I deeply dislike Elon Musk and would be glad to see him suffer.
And still their market capitalisation is probably higher than the biggest ten automotive manufacturers combined.
.
Music to my ears.
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