34 percent depreciation after one year and 6,000 miles
Multiple signs from the last two quarters indicate that sales of Tesla vehicles are declining more sharply than ever. The company is struggling to sell the Cybertruck in particular, as its perceived value has started to plunge.
In the first quarter of 2025, Tesla saw the biggest sales decline in its history. A January report showed that its year-over-year sales fell by half in Europe overall and by 70% in Germany despite rising sales of other EV brands. In February, sales dropped by 49% in China as the company reported its lowest numbers since 2022. Last month, Chinese EV automaker BYD outsold Tesla in Europe for the first time.
Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.
I would be surprised if an incel camino lasts 3-4 years of regular driving.
Why is this the first time I’m hearing it called the “incel camino”? That’s great.
Edit: Left out a word 🤦♂️
Because technically if you chose to buy one, you volunteered to be celibate. So there is no involuntary about it. They just don’t realize it. They should have read the fine print of their fash wagon closer.
Honestly I think these are probably better designed and more durable.
Volcel Camino it is, then!
Or perhaps shortened to cel-camino
TBF, incel is also a misnomer. They are voluntarily celibate
incels use it, as way to excuse thier shitty creepy behaviour around woman.
These days, yes. It’s original usage not so much. The origins of the term Etc are actually a recent read. Far cry from what its been twisted to these days.
I thought you were going to link to a Trabant, but I’ll also be with you that any vehicle in Robert’s fleet is more durable and better designed.
It has a bunch of other nicknames - CyberAztek and ClusterTruck are the only others I can recall
There’s a good chance it’ll kill the owner sooner rather than later, so it’s an accurate statement.
after spending 100k+ on it, its a copium for them.
I’m happy they bought it because they thought it would make them feel cool and get noticed, and now they know everyone who sees them driving it thinks they’re an idiot… at best. Best possible outcome for both musk and the cybertruck crowd.
i noticed 2 types of people drive it, 1 musk , trump supporters, the other buying it because some had a new apple phone type of people, then they want it, so impulsive buying.
Infamy or Fame
Noticed them though right :Dthey cant think that abstractly.
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Never have. The stock market is a glorified casino. Prove me wrong. The entire basis of the stock market is a joke.
Maybe you are a bit wrong ;) casino’s use real money. Stock markets don’t. It’s lots of money that just isn’t there. It’s all made up. If you have 5 million shares of $1 it looks like you have 5 million. Try to sell them at once to become that millionair, there is suddenlyy too much for sale, price drops and they become worthless.
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I really want Tesla stocks to go down enough that it will cost Musk a huge chunk of his wealth. But the stocks have recovered. Although, I think Tesla stocks will continually go down in the future so long as Musk is the CEO. I hope that Musk doesn’t get replaced until his shares tanked drastically!
Its an investor cult. Like Bitcoin. The valuation and the real world tangible value are completely disconnected.
Tesla is the original meme stock.
That’s because Tesla is a shitcoin on the stock exchange. It has the same qualities as Gamestop and BBBY. It will operate that way until it no longer exists, with holders diamond-handing it into oblivion through tears of rhetoric.
Ya 6 billion in the bank cash. 0 debt. The only CEO on the planet that does not take a salary. Does Lemmy have a remind me feature?
The stock price has always been a load of crap.
Musk’s political activities have soured public opinion on the company and contributed to declining global sales.
That’s not a political opinion. He did a Nazi salute on live tv
This story combines like 3 headlines worth of bad news into one shit sandwich, and man the whole deal tastes like Schadenfreude feels XD
The media is no longer interested in putting a positive spin on Tesla, or any other Skum business. Every earnings call is going to be worse than the last one, which will just accelerate the decline. The damage to the brand image is irreparable, and directly attributable to Skum’s irresponsible ego bender, and a brutal shareholder lawsuit is inevitable.
Tesla will be bankrupt in less than 2 years.
I see the same but cannot for the life of me understand how the stock isn’t shitting the bed. The whole US market is irrational at this stage but Tesla is just ridiculous
I think his wild promise around the self driving taxi is protecting the value some. It’ll never get off the ground though, and I think once that reality hits the stock will tumble again.
Thoughts and prayers to the wealthy attention-whore douchebags that were affected.
Maybe they can make their money back from YouTube videos tipping CyberTruck over cliffs etc
This won’t change even when he leaves the company. He and his companies are inextricably linked. He is the companies.
Liquidate Musk
Just passed a Tesla lot today and it was packed full of these trucks, and cars. All were covered in dust.
as they should be.
I read that as rust. thinking that must be some low quality stainless on those trucks.
That’s just how they look clean. That metal doesn’t last. It also gets wobbly. Warpy? Like… it’s not that super flat metal anymore.
They look awful. Good.
Someone in my town owns a cybertruck. The metal started getting badly discolored so they painted it black. It doesn’t look any better in black.
Yeah I see painted ones too. That’s like painting a DeLorean though—tacky.
Hilarious and deserved. They should have built something useful instead of overhyping a truck that can’t do truck things and gets bricked by rain or broken latches.
What sucks - I fund this abomination because as a US citizen I cannot buy cheap byd because they keep them out to prop up Tesla shit
Wdym?
I know they’re not cheap but there are way better options now: Hyundai, Volvo, Rivian, etc are making EVs. Hybrids (especially plugin) are available from some of the most reliable companies, ie Toyota.
I don’t really want one, but I’m tempted to go down and haggle.
“Really, given how unpopular they are and the unsold inventory, you should pay me to take one. It’s costing you money every day it sits here… Stop the bleeding…”
“There’s a price I’m willing to pay to be seen as a Nazi supporter, but we aren’t low enough yet”
“You laugh, but $20 is $20, right?”
Given the build quality I think it would be a repair bill albatross
Buy a baker’s dozen, and switch to an unused Cybertruck whenever the current one wears out. The whole set should last you for several years.
Someone else made the comment to waste their time with test drivings which sounded pretty funny.
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The zune of cars.
The Zune was actually a great piece of hardware that was marketed poorly.
The Swastikkkar is a shit vehicle marketed poorly.
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The Zune was also brown. It’s like they wanted it to fail.
Mine was black
I like brown
I loved my zune, still have it
Did u Americans even know there are BYD dealerships all over EU?
Tesla can’t compete on price and that’s the only metric that matters in capitalism.
We aren’t under capitalism anymore. We are transitioning.
At one point the merchants made more money than kings and that’s why we are under capitalism.
Now tech has made all of the money, and holds most of it, and so we transition again.
They don’t care about the old rules, that’s why they are breaking them.
Musk doesn’t need Tesla. He already has everything he needs to be a borderless king. So he is.
It’s you and I that need to care about money, but the oligarchs have transitioned from it already and no longer need to care.
Good.
Not the collapse I’m hoping for, guess I gotta wait a little longer for that one.
