• teyrnon@sh.itjust.works
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    10 hours ago

    The stock market is clownicized. That the flagship product of this company being dogshit, whose intrinsic value can’t exceed 10 billion didn’t tank the stock price that is currently valued at 1.5 trillion dollars, that gave the ceo 60 billion for hyping the stock price without producing actual income to justify that, well, it speaks for itself.

    I would argue our bail outs are a factor in this, investor’s don’t fear a major downturn and are more reckless, knowing any large losses will be socialized from the backs of working people, their victims, while all gains are privatized.

    • MalReynolds@slrpnk.net
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      9 hours ago

      Price to earnings is a sanity check. There is no sanity here (Tesla), nor does it apply to many such corpos, line must go up! The only sanity is (insider) knowing enough to get out at the right time, if you don’t, you’re the product (fattened pig).

  • cecilkorik@piefed.ca
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    10 hours ago

    It’s a safety feature. You’re actually safer once the wheels fall off, because it can no longer go anywhere.

  • Tyrq@lemmy.dbzer0.com
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    9 hours ago

    No good reason for Tesla to still have a 1.5t market cap when Toyota sells 10x more cars at 300b, or ford sells twice as much at 50b. The quality sure isn’t better, and I doubt the margin on sales makes up for this.

    The only competitive advantage is an egotistical nazi imbecile at the helm, and I only say it’s an advantage simply because they’re still holding value somehow

    • teyrnon@sh.itjust.works
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      10 hours ago

      The market is completely divorced from fundamentals. It’s a casino, and the government bailing out connected companies every downturn has perverted the natural pricing of these stocks.

      • Tyrq@lemmy.dbzer0.com
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        9 hours ago

        I wonder how long that can continue, somethings gotta give with all these straws they keep adding to the struggling camel, one assumes anyway

        • teyrnon@sh.itjust.works
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          9 hours ago

          Right? But it’s been like 7 plus years, longer really, at some point the FED and USG (US government,) won’t be able to hold up this house of cards. But when?

          The sad fact is they will bail these assholes out on our backs too, another straw, with the promise of trillions of straws on our backs. Something has got to give here. We are on an unsustainable path.

  • limonfiesta@lemmy.world
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    14 hours ago

    All 173 of them.

    Yes, you read that correctly:

    Tesla only sold 173 of the Cybertruck RWD base model.

    • Steve@communick.news
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      14 hours ago

      That makes sense.
      If you want a Cybertruck, you want the all-wheel version.

      • Yggstyle@lemmy.world
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        6 hours ago

        I sure would want an overweight ford pinto reinvisioned as a modern brutalist steel casket that is less mobile than the original model-t.

        This fine piece of… engineering that:

        … struggles to run (and drive) in the cold…

        … has routine problems in humidify and (god forbid) rain…

        … AND elicits the same public response as a clown car …

        … Really just fills that void in me.

        … On my daily commute in my rental car to pay for the rental and my fortress of solitude on wheels that is out of commission - again - for another comical reason.

      • Jo Miran@lemmy.ml
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        14 hours ago

        If you want a Cybertruck, you want the all-wheel version a vasectomy.

        Please don’t reproduce.

    • YaksPT@sh.itjust.works
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      14 hours ago

      I was living in Arlington VA near the new Amazon corporate HQ. I feel like I saw all 173 of those things.

        • EtAl@lemmy.dbzer0.com
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          4 hours ago

          You should scrape an identification number into the doors, hood, roof, and rear. Just so you can keep track. For science.

          • tempest@lemmy.ca
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            9 hours ago

            Here in Canada they get vinyl wrapped pretty quick to help protect from the salt.

            As such they are pretty identifiable. There’s about 3 in my neighborhood I see from time to time.

            I actually thought they were interesting looking when they first pitched them. Would never buy one now though for all obvious reasons.

      • dmtalon@infosec.pub
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        11 hours ago

        I almost replied similarly, just means they didn’t sell many BASE models.

        I live in a relatively rural area outside a city “highway loop” and I see them all the time here. Someone down the road at a small business owns one so I see that one all the time but there are plenty around here and often wrapped in some weird colors.

    • bitjunkie@lemmy.world
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      14 hours ago

      That probably just means that the Elon fanboys with enough money for it went for the higher-end AWD versions.

  • ulkesh@piefed.social
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    11 hours ago

    A-hahahahahahaha. AHAHAHAHAHAHA. AHAHAHAHAHAHA!!! breathes deeply AHAHAHAHAHAHAHA!

    I didn’t realize they offered a NWD option.

  • MushuChupacabra@piefed.world
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    14 hours ago

    In a normal company, insisting on bringing the cybertruck to marked would have resulted in the CEO getting punted.