This just keeps getting funnier. Tesla operates like a startup, and it’s clear that comes from the lack of focus and seriousness at the very top of the organization. Build quality and reliability keeps getting worse, not better. https://t.co/dyrI9o33zR — Jean-Michel Connard ??? (@torriangray) April 15, 2024 Cybertruck deliveries halted due to car being a …
There is also the ongoing pressure from China as the rise of their inexpensive EVs have begun to flood the market with affordable models.
The company is set to report its quarterly earnings later this month but has already reported a decline in vehicle deliveries in the first quarter, its first in nearly four years and also below market expectations. Some analysts described the results as “tumultuous.”…
Elon Musk has recently denied reports that the company has scrapped plans to produce an inexpensive car, which has been one of his longstanding goals to make affordable EVs for the masses.
Tesla shares were down 0.8% in premarket trading on Monday.
Sadly fitting that this comes right as they abandon the 'for the masses' goal mentioned right out of the gate. https://t.co/Usj4Ahmjv7
— Clean Observer (@Hammbear2024) April 15, 2024
Lol. Lmao. https://t.co/q40WNe4quL
— Mike Stuchbery ???? (@MikeStuchbery_) April 3, 2024
Possible US Tesla customers are now reconsidering buying the electric vehicle’s products, according to Caliber, a market intelligence company. This is mostly due to owner Elon Musk’s increasingly worsening reputation, fuelled by highly controversial statements, tweets and right-wing politics.
Caliber’s Tesla “consideration score”, obtained exclusively by Reuters, dropped to 31% in February 2024. This was a fall of 8% on January’s score, as well as a steep plunge from November 2021’s record high of 70%.
Conversely, the consideration scores for other high-end car makers, with both electric and gas options, such as BMW, Mercedes-Benz and Audi for February 2024 were all between 44% and 47%…
Tesla has been doggedly slashing prices in China, one of its key markets, for the past few months, in order to compete better with Chinese electric vehicle (EV) makers such as BYD. This helped the company to see robust sales last year.
However, Tesla is still expected to report declining first quarter 2024 sales in the coming few days, most likely due to a combination of clients’ cutting back on spending, as well as lagging deliveries…
Tesla’s deliveries, which touched about 422,875 in Q1 2023, are expected to be considerably less in Q1 2024. The company’s share price also took a nosedive of about 30% in the first three months of this year, eroding about $40 billion (€37 billion) of Elon Musk’s wealth…
Recently, Musk’s $55.8 billion Tesla pay package was also declared void by a Delaware judge, who called it excessive and “unfathomable”. This came after a shareholder sued Tesla, claiming that Musk was overcompensated. The ruling led to Musk losing his crown as the world’s richest man and sliding down to second place, following Bernard Arnault, the CEO of luxury goods company LVMH.
He spent $44 billion to renew his Babylon Bee subscription https://t.co/lWAcgOX8cU
— zeddy (@Zeddary) April 15, 2024