Tesla sales declined for the first time in the company's history last year, the company reported Thursday, reflecting what analysts said was a lack of new models in an increasingly competitive market for electric vehicles. Vehicle deliveries fell to 1.79 million, representing a drop of 1.1% from 1.81 million vehicles in 2023. Tesla shares fell about 6% Thursday to $379.28. Edmunds auto analyst Jessica Caldwell noted Tesla's core model lineup has seen few changes in recent years. "Especially for EVs, you have to attract new buyers and returning buyers," she said. "In the EV market people want something new and fresh."
@#1 ... Garbage car sold by a garbage person. ...
I do not think the Tesla is a garbage car.
It is a trailblazing concept.
The problem I have with it, though, is that Tesla seems to use the public roads for its beta-testing of new concepts, and that the maintenance costs of Tesla cars seem to be quite higher than other cars (one reason Hertz seemed to dump Tesla rentals).
Hertz is selling 20,000 used EVs due to high repair costs (January 2024)
arstechnica.com
... Additionally, its rental EVs were damaged or crashed more often, and the much higher cost of repairs for Tesla vehicles -- on average about 20 percent higher than other EVs -- has meant that Hertz's Teslas earn it less money per vehicle than its other rentals. ...
@#9 ... Of course Musk loves tariffs. ...
Does he?
That aside, I would look more towards Mr Musk's substanstial investments in China as a basis for trying to purchase the Trump presidency.
OpEd: How Musk Outmaneuvered Trump (December 21, 2024)
prospect.org
... Musk got the only thing that he wanted. Does Trump realize it?
Elon Musk blew up a near-complete bipartisan budget deal with an avalanche of tweets contending that it was too costly, luring Donald Trump into demanding that Republicans kill it.
But Musk's real reason -- a story that David Dayen broke in the Prospect -- was that the agreement included painstakingly negotiated limits on American tech investment in China.
Had that provision passed, it would have been costly to Musk's extensive Chinese Tesla operations and future AI plans. ...
So the question that lingers out there like an unclaimed air biscuit ...
Did Mr Musk play Pres-elect Trump for his financial benefit, or was Pres-elect Trump actually aware of what Mr Musk was doing and OK'd it?
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