Another company should buy up all the Tesla stock, fire Musk and the rest of the board, rebrand it, and figure out a reuse for the batteries in the cyber trucks that aren’t going to sell (and will be returned after lease is up).
That just gives money to Musk and other (complicit) shareholders. I’d much rather the company sink and then someone buy their stuff at fire sale prices.
TSLA has a lot further to sink before anyone will be willing to buy it.
Yeah, and much of its value isn’t affected by car sales at all. The supercharger network is an unseen asset to the brand with a good margin and low risk. And opening the network to others will ensure future income streams.
It’s already open to others, and Elon said a few months ago that they were axing the entire department that manages the network.
Not sure if any of that has changed in the last few months though.
Will be interesting to see how much longer that lasts.
It’s currently about 10x over valued.
Apple and Nvidia are probably the only companies that could, but who the fuck would pay that much for radioactive waste? They’re better off pulling a Zuck and using way less cash to snipe away the good employees and build their own brand from scratch.
I think the only decent reason might be patents maybe, but I’m not familiar enough with their portfolio to tell if that’s worth the money.
Tesla does have a shitload of equipment and factory space that’s gotta be worth something.
They have some valuable IP (patents and designs around their battery and charging systems, mostly), but none of their physical assets are really worth any more than face value (at the end of the day a battery factory is a battery factory).
Potential buyers would be far better off waiting for them to collapse and then snaffling up the IP on the cheap. Paying their current meme stock price is just throwing money away.
Interior design in tesla is really feeling cheap. When you see the prices of those cars. Who in their right mind would want one.
If they would have been smart, they would have done a two door extended cab with a 6ft bed and more conventional truck aesthetics with the Tesla design language and put in a fused bus bar in the frunk. Basically a bigger and more feature rich version of the Slate truck.
They could have sold so many for fleet use and to people who want an electric truck that can tow. Sure the Ford guys would have gone for the Lightning, but everybody else would have got the Cybertruck on a least a lease while they waited for GMC and Dodge.
Instead they made an ugly vehicle that has a tiny market and overproduced it.
It would still have been sold by Musk. No thanks, would rather walk.
Context matters. The sane version of the Cybertruck would have release in 2023 and sold well. Fleet sales would have gone for an extended cab over a 4 door like the Lightning or Cybertruck(not that they would go for a cybertruck anyways due to the impractically.
Thr cybertruck does have a 6 foot bed, even with the 4 doors. It’s bigger than the f150 and Rivian. Not sure about Silverado.
The price point was just so far off there’s just no demand, that and Elons post election antics and salute.
People were okay with the wonky shape when it was gonna be cheap.
The bed length comment was more of a dig at 5ft beds on other trucks and a shortened cab would compel a 5ft bed; truck guys want a 6ft bed and only tolerate a 5ft bed. Although a 7 or 8 foot bed is pretty glorious if you actually use a truck as a truck.
The price isn’t really the problem with the cybertruck. The problem is that it is ugly. Truck guys want a truck and not an avant garde design philosophy on wheels. The same truck with a more contemporary design would have sold better, like the Rivian and the Lightning.
Rivian has sold around ~50k units, Ford sold ~33k, and Tesla sold ~39k. Rivian did have a 2 year head start on Tesla but had production volume problems that held them back.
Most of the people who bought it, did so because it was novel and/or they were already Tesla fans. The power and features made the aesthetics more tolerable.
The design pushed away more buyers that might have gone electric; they instead waited for the Lightning or got a Rivian because they look like trucks instead of a dumpster made into art as a critique of consumerism.
Nobody who wanted a cybertruck and didn’t buy one cared about Elon’s actions in the government or the salute, they didn’t buy a cybertruck because they didn’t want to spend $80k on a refrigerator that was going to be vandalized by people who hate Elon enough to commit felony property damage to a car with 360 degree parking cameras.
cybertruck sales may be dead, but I’ve seen a LOT of new teslas on the roads of seattle
Having been a kid when Delorean crashed out, it’s pretty funny watching lemmy scream about how stupid this all is. :)
