Tesla slashes vehicle and self-driving-ish software prices as shares plummet

"Self-driving-ish" 😂

cruise control with a higher fatality rate
- I'm stealing this... way too funny
- There's literally one single death linked to FSD and even in that case the driver was drunk.
Full self crashing

Maybe they should try slashing their scumbag CEO

No no, they need to pay him 59 billion even though even a judge called the proposed payment illegal.

Even after the price cut, theirs is still 3x the price of Mercedes' system which works better. I have a feeling Tesla's earnings report won't go well this afternoon. https://finance.yahoo.com/news/tesla-earnings-q1-175358835.html

Tesla was overvalued when it hit 50$ pre stock split. Its continued rise over a period of years to one of the most valuable public companies is just mind boggling. But I think even now there is a lot of hesitance in shorting the stock as entire fortunes have been lost trying to predict a share price correction.
But we're about to find out whether Tesla truly transcends auto companies: https://bradmunchen.substack.com/p/could-tesla-go-bankrupt-the-odds
- Tesla is nothing more than an elaborate stock pumping exercise built on a business of selling crappy cars to techbros. It’s valuation is propped up by lies, hype and virtual signaling. It also can’t survive without copious amounts of government subsidies and low interest loans, since the car business is so capital intensive. At some point, all of these problems will come to a head. It’s a matter of when, not if, that Tesla collapses in some form. Though it may be bought out before formally filing for bankruptcy.
- When considering shorting stocks it's important to remember one of Keynes' better quotes, "the market can remain irrational longer than you can remain solvent."

Because what you really want is a car that specifically depends on long term software updates, and is frequently the target of product recalls, from a company in financial freefall.

I bought stocks at 170 and sold a few days ago at like 150. Would not recommend.

If the report is bad, Tesla will probably be back at 110.

I'm sorry for your loss.
- It's alright, it's part of the game. If we knew how the stock would move, we would all be millionaires.

I'm expecting the company to go out of business and all of the cars to just brick.

Might be a good move to figure out how to hack the software and/or reclaim the batteries for resale, might be kinda lucrative.

On the other hand, if they do brick overnight it might be dangerous, and I hope Tesla demonstrates some responsibility to the lives and safety of their consumers. I don't expect them to, but I hope so.

Even if they don't fail, knowing how to hack them, how to replace the Tesla computer with your own that functions without Tesla approval, how to make the car function without self driving that might lock up the tires at highway speeds... These are valuable skills to have.
They are "too big to fail now". If they pop now, the ruins will be bought quickly. The car won't be allowed to brick. But it is good to highlight the issue that modern car need to be independ of the existence of manufacturers servers. I'd go further and regulate that it must be documented protocols and you must able to change the servers used if you choose.
Same with any computer, if you don't have admin, you don't own it.
- Someone will step in and pick up the ashes. Question is will it be a company or the government.
I’m expecting the company to go out of business and all of the cars to just brick.
I agree that Tesla will not be able to maintain their current position, but currently Tesla is one of the most profitable car companies in the world. So chances they'll go out of business anytime soon are very slim.
That said I think they are currently about at their height, with a peek market recognition advantage in EV, earned from their first models where everybody else only made tiny lame city EVs with limited range. Now the competition is catching up and even sometimes surpassing Tesla, and the EV market is in a slump. This is a very different situation for Musk and Tesla to handle, and time will show how well they do that.

Thanks but no thanks, I'll stick to my EAP I got with my model 3 initially. That already tries to kill me enough as it is.

He couldnt slash the truck price enough for me to buy one.

1.81M units sold last, that's $31,000/unit he wants to get paid. For pretty much single-handedly ruining the brand with his stupid yapper in a year.

$2000 a unit price decrease doesn't seem like much compared to that.

When put like that, that's absolutely mad! How can shareholders possibly think that this is good value?
- Gambling on getting hit by lightning

How long before he burns it all down to collect insurance?

Must be hard on the idiots who paid full price.

Too late. Suck less next time.

I wouldn’t touch a TSLA product even if it was given to me.

I'd have no problem accepting a free car
- And if they want to force me to accept a free solar installation, I’d suffer

The entire EV industry in currently plummeting. They'll rebound.

*citation needed
What is actually happening is BYD is kicking everybody's ass
- The company that straight up stole porsche car designs to build 'their' flagship? It's not going to be available in the west until they can actually build their own cars.