More bad news on Tesla; Edmunds reports record number of Tesla Owners
trading in their cars
Tesla cars from model year 2017 or newer accounted for 1.4% of all the vehicles traded in until March 15, up from 0.4% in March last year, according to data provided to Reuters by Edmunds. Analysts at the national car shopping website said that share could grow through the second half of the month.
March’s trade-ins so far would be the highest monthly share Edmunds has on record of Tesla trade-ins toward new or used purchases at dealerships, if the trend continues. This excludes trade-ins toward new purchases of Teslas and EVs from other direct-to-consumer brands.
Did the board ever approve that $50 billion to Musk? Can’t remember.
But maybe this company needs a shakeup. How can a board approve an obscene payment like that to a CEO who seems to like doing anything but actually running the company.
I’d be dumping my stocks, too.
Tesla as a self-driving company seems to be working as well as Tesla cars work while self-driving–not so well.
Duce630
(DustinK - Still 50 hostages held by Hamas for over 630 days)
197
They did approve it but I think that same judge blocked it. If I remember right he basically was like what they did wasn’t a correct way to cure the errors with the first time.
Tesla is not the first company to come out with an innovative product, get over valued and then end up loosing in the long run. Happens all the time.
I have many times posted about them being a leader in the industry. Thing is they don’t seem to be headed in the right direction IMHO. They’re quickly being caught technology wise by competitors and seem to have slowed down on innovation.
Their CEO is distracted, clearly, and that is rarely good for any business much less one that demands innovative progress.
Sidenote: I always forget this is actually the X thread…but same thing applies.
“Being caught by technology”…hence byb a corupt company that is designed to take over an entire industry. Make no mistakes about it. This is what it is about. Tesla has been the most popular EV product made by a non corrupt company.
Corrupt byb and friends and we can all agree that they are corrupt comes along.
The same country is known for one thing. Stealing intelligence. Are we going to ignore it?
Take Musk out. Should we let an enemy and a corrupt company take over an entire industry? Now we are arguing at an entire different level…The two are intertwined.
The US should always protect industries from being monopolized, either by subsidies (typical Chinese strategy) or by excess horizontal and/vertical integration (classic capitalism result), no matter where it emminates from.
We’ve protected solar bipartisanly for good reason for example. China tries to sell them at a loss to make other sources production unprofitable hoping they will stop and everyone become dependent on China for them. Classic.
However, broad protectionism stifles innovation and makes our market less efficient. Over tarrifing small pickup trucks for instance, which has also been done bipartisanly, has been a mistake inmo.
I had one removed a awhile back that said I don’t believe people who do the Nazi salute should be part of our government. Apparently some Coogfans find that offensive
The c.p or p.r.o.c have done nothing to stop their own companies from stealing company manufacturing secrets or other technological, medial secrets. Therefore any chinese products attempted to be sold here ought to be prohibited. This is especially true for the American and European auto industries that are intertwined with these countries economies.
You don’t play by the rule and you enslave your own people? Why should anybody buy from you?
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Duce630
(DustinK - Still 50 hostages held by Hamas for over 630 days)
220
