Is the Cybertruck killing Tesla? Tesla's only product launch in the last six years has used up tremendous resources and is still not ready for prime time. The Cybertruck is struggling to sell to ardent fans at its current price. Tesla's future is tied to robotaxis that may or may not be put into service this decade. With Chinese competition on the rise, Tesla has a million reasons to be concerned. #ElonMusk is just one of them. #EV #Cybertruck Read more: https://lnkd.in/ggyjBP2F
Andrew Corradini
11 个月
Just to address the elephant: given that EV buyers skew blue (e.g. 2023 Gallup poll - 71% GOP "would not consider", vs 21% Dems) -- maybe Musk's public profile & performances, esp. at Twitter/X, is not in the best interest of Tesla's shareholders....? (Or X's stakeholders: there are other people hurt by its share price dropping, e.g. when the CEO tells advertisers to F themselves...). "Any other CEO" etc. ...
Jeffrey Agler
11 个月
Until you can charge the car in the same time as filling up a tank of gas and have the same range, EVs will never be as popular. There is a place for EVs in short commutes where you are charging at home and not concerned about the timeline.. Also, what are you going to do with all the batteries that need to be replaced? Environmentalists want to know!
Tom Knutson
11 个月
There is a new 600 Mile Battery coming to market. It will go 250,000 miles in charge time. This battery will change the marketplace. Auto makers will need a new vehicle, new image, new re-tooling. No one will want a 350 mile electric car. You can look up 600 mile battery for more info if you wish. - Tom Knutson - K&K Advertising was the largest ad house in the Mid West.
John Ross
11 个月
No, the horrible economy is killing everything. People think demand has been reduced. Um no, it's just that groceries are a higher priority than a car. Sales of Everything are down. Cars, homes, vacations any large purchase. But the Tesla haters pile on to try to make people hate Elon and hate EVs. Endless fake stories of Tesla fires shown today from years ago as if they happened yesterday. And in 10 years Tesla has less that 200 fires. But gas cars? Over 3M car fires in 2023 ALONE! Talk about literal GASlighting. That's it. Endless fake stories of bad batteries not working in the cold. Debunked. And all the other manufacturer EV problems lumped into the mix as if Tesla is part of that. It's a massive FUD stream of hate and fake news and investors who don't want EVs to succeed because it's killing GAS car sales. Which means, the oil industry, which creates a hate storm of employees and investors that is massive and they don't want to lose their money so.... the hate continues. This cybertruck narrative is also dropping into the hate stream. "Gee is this amazing innovation from Tesla a flop? Gee maybe it is, your suggesting. The cyberTruck has brought more positive attention to Tesla than the last 10 years of Tesla news.
Cybertruck is not attractive.
Ram Tankersley
11 个月
"duplication of roles and the need to cut costs are driving the layoffs." Now, what smart business man would consider these two aspects in making decisions? Reducing/eliminating redundancy and eliminating wasteful spending - what novel ideas! What will the business world think of next?
Chris Lauraitis
11 个月
Musk isn't concerned. Tesla is just a side project. Everybody who wants an EV has one by now. I can't wait for America to start drilling more oil again, hopefully soon before the country is completely destroyed.
Brent Werthmann
11 个月
No one is immune to 10% layoffs
Owner and Creative Director at Strega Studios
11 个月You know it's bad when the market responds to layoffs with a stock dip. Normally a layoff of this scale juices the price for at least a day or two...