this post was submitted on 17 Feb 2026
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[–] fierysparrow89@lemmy.world 16 points 1 day ago

Off-topic, but...

it occurred to me the other day that Tesla (the actual person) has been exploited by Edison in real life. A century later his name is exploited yet again by another "genius inventor". I just feel bad for the guy.

[–] motruck@lemmy.zip 9 points 1 day ago (1 children)

Musk fucked around and found out.

TBF I'm pretty sure that cheap Chinese EVs are a pretty big factor here. Of course, all the nazi shit doesn't help.

[–] Wispy2891@lemmy.world 49 points 2 days ago (1 children)

List of stuff that I can't accept from a vehicle:

  • If it's created by a Nazi
  • If the gear selector is on a touchscreen
  • If the blinkers are on a touch button
  • If the wipers are on a menu on a touchscreen
  • If it has no support for Android auto or carplay
  • If it requires a subscription for something that is already present at moment of purchase or is done locally by the headunit
  • If the doors don't have a mechanical unlock from outside or inside (no, the mechanical unlock from inside it's too hidden to be considered, in case of emergency nobody will be able to find it before being burned alive - even in a hidden room game they don't hide levers under rubber mats in drawers)
[–] atthecoast@feddit.nl 9 points 2 days ago (2 children)

Well at point one, you’ve lost Volkswagen

[–] SaveTheTuaHawk@lemmy.ca 7 points 1 day ago

Mercedes and BMW both worked for Hitler, even Porsche.

[–] Wispy2891@lemmy.world 5 points 1 day ago (1 children)

Volkswagen also does subscription for heated seats

And lies about emissions.

[–] Corporal_Punishment@feddit.uk 33 points 2 days ago (2 children)

Means that too many people are still buying teslas though.

My friend has one. When I saw her I asked if she knew there was dog shit on her drive. She came out and asked where. Wasn't hapoy when I pointed at her tesla.

[–] metermatic26@lemmy.world 13 points 2 days ago

Attaboy, make her regret it every second you’re around

[–] Species8472@discuss.tchncs.de 8 points 2 days ago (1 children)

When she asked you if you think that was funny, did you reply with "heil no"?

[–] Corporal_Punishment@feddit.uk 4 points 2 days ago

Lol she didnt ask.

She just called me a dickhead

[–] Jumbie@lemmy.zip 152 points 2 days ago (2 children)

I’m sure this had nothing to do with it, yeah? Fuck the PedoNazis and the Swasticar company.

[–] ClownStatue@piefed.social 22 points 2 days ago (1 children)

In fairness, none of those countries liked the Romans, so...

[–] homes@piefed.world 16 points 2 days ago

And as the Visigoths ransacked Rome, Emperor Honorius was heard yelling, “not my Cybertruck!“

[–] bolditalicroman@lemmy.world 13 points 2 days ago (1 children)

Ah, what a time to be alive: Pedo nazis are trying to take over the U.S. (and other parts of the world), and we‘re driving around in swasticars. Sounds like the plot of some 80‘s movie, but somehow it’s the reality we live in. And, somehow, where I live (central Europe), people are still voting for right-wing parties, seeing what is happening, seeing history repeating itself. This ignorance is infathomable to me, and I can only hope that either we will never suffer the consequences of what we‘re voting for or we learn it for real this time.

[–] daychilde@lemmy.world 6 points 2 days ago

Pedo nazis are trying to take over the U.S.

Alas, not sure about "trying", but yes.

[–] UnderpantsWeevil@lemmy.world 116 points 2 days ago (16 children)

Tesla global sales by year compared to Ford and Toyota

The incredible thing isn't the slight down tick in sales last year (on par with most international car companies), but that Tesla has a market cap that exceeds both of these mega-manufacturers despite being dwarfed in both assets and revenues.

On paper, they have so much farther to fall than what these short term sales shortfalls imply. But then this is a car company that's defied gravity for a decade. Consider that each vehicle Tesla sells reflects $700k - $1M in market cap. On a $60k-$110k vehicle.

All their valuation is predicated on future predicted returns on the technology rather than current sales figures. And I don't know when that will actually change.

[–] Voroxpete@sh.itjust.works 43 points 2 days ago (3 children)

It's very clear that at this point, insofar as there is any logic at all to the decision making of people investing in Tesla (and there's very little evidence of that), they're evaluating it as a software company, not a car company.

This seems to be largely based on the notion that Tesla is the world leader in self-driving, and poised to become the world leader in other areas of automation. And that would, admittedly, mostly justify their very high share price, if there was literally any evidence it was true. Of course, what they actually have is a self-driving system that is only number one in fatalities caused, and a bunch of faked demos of robots made using low paid remote operators.

Tesla is easily the single best demonstration of how fucked our economic system really is. That a company can so blatantly lie, over and over, about what their products can actually do, and somehow continue to see their share price increase tells you everything you need to know about how utterly fictitious the entire notion of the stock market is.

[–] UnderpantsWeevil@lemmy.world 27 points 2 days ago (9 children)

they’re evaluating it as a software company, not a car company.

That still doesn't justify the valuation. Tesla's market cap is 3x Oracle's, ffs. It's half of a Microsoft. No software they produce can justify this valuation.

Palantir and NVIDIA have the same hyper-inflated position. Nothing in their projected revenue figures can explain their company's valuation, unless you're just hand-waving and predicting 10-20x growth over the next decade.

Tesla is easily the single best demonstration of how fucked our economic system really is. That a company can so blatantly lie, over and over, about what their products can actually do, and somehow continue to see their share price increase tells you everything you need to know about how utterly fictitious the entire notion of the stock market is.

Warren Buffet definitely gearing up to print off another deck of "Fell For It Again" awards. Only question is when they get handed out.

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[–] Bytemeister@lemmy.world 15 points 2 days ago* (last edited 2 days ago) (1 children)

I think the 3 things Tesla has/had going for them was...

  1. Car sales growth. The had some pretty ridiculous growth in sales for a few years there.

  2. Captive Market. Pretty much everyone I know with a Tesla charges at home, or at a Tesla supercharger. They've got the Apple ecosystem lock in for the "fuel" you put in the car. This walled garden approach basically lets Apple print money.

  3. Technology. FSD, autopilot, and manufacturing. Tesla presented as a very tech focused company that was dumping money into R&D similar to how Amazon built up in the early 2000s. Investors love companies that are poised to control the entire market in the future.

Pretty much all 3 of these pillars have collapsed now. Their car sales are in a huge global slump. More cars are available that can charge on other charging networks, and those charging networks get bigger and better every day. Elon's FSD is basically vaporware at this point, and the high degree of automation Tesla was touting in their factories came back to bite them in the ass.

This leads to my favorite recent quote about stocks though... "The market can remain irrational longer than you can remain solvent." Let's face it, Tesla stock is a bubble, AI is a huge bubble. The problem isn't knowing that there is a bubble, the problem is knowing when that bubble is going to burst.

[–] CeeBee_Eh@lemmy.world 6 points 2 days ago

One thing you're missing is that about 1/3 of Tesla's profits were from selling carbon credits to other manufacturers. That disappeared recently also.

[–] a4ng3l@lemmy.world 11 points 2 days ago (1 children)

What a beautiful way to present the situation.

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It’s honestly quite unhinged when you look at how much each vehicle contributes to their market cap.

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[–] Reygle@lemmy.world 3 points 1 day ago

Good. More please.

[–] Paranoidfactoid@lemmy.world 44 points 2 days ago

No worries! The stock price keeps going up, so it doesn't matter how many cars Tesla actually sells.

[–] LordR@lemmy.world 48 points 2 days ago (1 children)

We should get those numbers lower. Every Tesla is one too much.

[–] Lembot_0006@programming.dev 18 points 2 days ago (2 children)

Higher is better in this case. 100% preferably.

[–] starik@lemmy.zip 14 points 2 days ago

Trump could get them down 500% or even 700%

[–] LordR@lemmy.world 13 points 2 days ago

Well, I meant the number of sold cars. But yes, a 100% reduction would be great!

[–] OleFoFa@lemmy.world 10 points 2 days ago (1 children)

I'd like to see this article's sources for the Norwegian sales number. Unfortunately, most other sources point to an about 40% increase in Tesla sales here last year. I generally like my country's adoption of evs (I'm on my third), but the fact that the muskrat keeps selling cars in norway massively bugs me :/

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[–] kubok@fedia.io 32 points 2 days ago (1 children)

Oh dear. How sad. Never mind.

[–] Tja@programming.dev 12 points 2 days ago (2 children)

My heart goes out to Musk....

[–] MehBlah@lemmy.world 11 points 2 days ago

I wonder has that super genius figured out it was his fault yet? Just kidding he is a narcissist. They never blame themselves for their problems.

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[–] LoafedBurrito@lemmy.world 2 points 1 day ago

I need articles like this to make me feel just a slight bit of joy with all the absolute insanity going on daily in the US.

[–] Digit@lemmy.wtf 16 points 2 days ago (1 children)

Yaaaaaay.

Does this mean we can get the real "Tesla"s soon?

Nikola Tesla style tech, not Tesla Corporation style tech. Emanipatory tech, not rentier tech. Spaceships for everybody, not cars and rockets for the rich enough.

No? It doesn't mean that? Aw.

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[–] LordMayor@piefed.social 29 points 2 days ago

Any company with a functional board of directors would have fired the CEO yesterday.

This is not a legitimate business. Institutional investors should be running away from this company.

[–] BarneyPiccolo@lemmy.today 10 points 2 days ago (1 children)

Their bubble is slowly leaking, and it will never inflate again. Tesla will be bankrupt in 3 years.

[–] TehWorld@lemmy.world 5 points 2 days ago

There are plenty of MAGA sheep, plus Teslas still seem to be super popular among the transplants from India in my area to keep the company around for a long time. SpaceX & Starlink have essentially no competition and Musk will just pivot.

[–] WanderingThoughts@europe.pub 20 points 2 days ago (1 children)

Tesla cars also fail the mandatory safety inspections in Europe at an alarming rate. That's not a good look when buying a new car.

[–] daychilde@lemmy.world 4 points 2 days ago

They're also notoriously terrible build quality.

I will give Tesla credit for one solitary thing: They did help jumpstart electrics. Help. Not cause.

But that has been picked up by real car manufacturers, who just need more encouragement to continue to increase numbers, along with infrastructure projects to bring more charging stations to more places. A critical area would be for installations in places like apartment parking lots and various public parking lots (i.e. paid parking but I mean shopping lots)

[–] Micocoule@sh.itjust.works 1 points 1 day ago

That’s awesome to read

[–] bitjunkie@lemmy.world 1 points 1 day ago
[–] lechekaflan@lemmy.world 8 points 2 days ago

I see more BYDs in my country's streets.

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