The company's sales fell for a second year in a row, as Tesla looks to AI and robotics, including a new $2 billion investment in CEO Elon Musk's company xAI.

Poor Lonnie. May he cry himself to sleep on his MyPillow tonight.

  • BarneyPiccolo@lemmy.todayEnglish
    2·
    3 hours ago

    Sales are down worldwide, and it’s so bad that he just announced he’s ending production on two of his product lines, the S and X series, abandoning his “SEXY” branding strategy. Now it will just be “EY.”

    The stock is only staying afloat because it’s in the portfolios of so many institutional investment accounts. With each dropping earning report, the stock is going to slowly slide, and eventually those institutional investment accounts will start dropping it. Then he’s finished.

    Tesla will be bankrupt in two years.

      • BarneyPiccolo@lemmy.todayEnglish
        3·
        3 hours ago

        I’ve been reading that the last 5 years.

        And it’s finally starting to happen. They’ve never had a 46% reduction in profit before. They’ve never closed two production lines before.

        This is NOT business as usual over at Tesla. I guarantee The Goblin is in a near panic right now, his Trillion dollar payday is in jeopardy.

        • SaveTheTuaHawk@lemmy.caEnglish
          2·
          1 hour ago

          And it’s finally starting to happen. They’ve never had a 46% reduction in profit before. They’ve never closed two production lines before.

          oh no! but now they have a robot that everyone will buy 4X! Same shit, different sandwich.

          • BarneyPiccolo@lemmy.todayEnglish
            1·
            54 minutes ago

            Nobody is going to buy his dumb robot that won’t work. Leastways, not in numbers that would make up for automobile numbers. Otherwise, Ford and Chevy would be building robots.

            Are they building robots?

            They are not.