this post was submitted on 25 Jul 2026
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[–] fluffykittycat@slrpnk.net 61 points 8 hours ago (6 children)

How do you lose money selling electric cars when two oil critical straits are blocaded

[–] zaphod@sopuli.xyz 23 points 5 hours ago

However, the company's gross profits dropped as operating expenses climbed far quicker than revenue, in large part thanks to AI-related capital expenses and other research and development

[–] gnutrino@programming.dev 48 points 6 hours ago (1 children)

By having your CEO come out as a fascist, pissing off the demographic that tends to buy EVs and also stagnating while allowing your competitors to catch up.

[–] kalleboo@lemmy.world 1 points 5 minutes ago

Sadly, their car sales are back up in Europe since unfortunately nobody has morals anymore. The real answer is "blowing your money on the next grift - AI and robotics"

[–] elucubra@sopuli.xyz 19 points 6 hours ago (1 children)

Teslas are objectively last Gen. The only reason they still sell well in the US and some other markets is tariffs.

[–] AmbiguousProps@lemmy.today 15 points 5 hours ago

Other US companies are actually competing with them for market share now, too. It certainly isn't helping Tesla sell.

Also, Teslas are starting to get the reputation they deserve: overpriced shitbox vehicles that have horrible build quality because Musk has stripped anything good out of them for profit.

[–] MattBlackAlien@lemmy.world 32 points 7 hours ago

By pivoting to humanoid robots and LLMs.

[–] kabe@lemmy.world 6 points 7 hours ago* (last edited 7 hours ago) (1 children)

In the US, the market has soured on EVs and the federal tax credits have gone away.

Outside the US, China is eating their lunch.

[–] Squizzy@lemmy.world 6 points 6 hours ago

That makes sense because the country is ass backwards