Tesla’s 2024 financial results are out—and they’re terrible

[blackmist@feddit.uk]

Ah, but you've forgotten the real money maker.

• Having full control over the regulatory authority that currently prevents him putting his automated deathtrap taxis on the roads

Turns out it's much cheaper to buy governments than it is to perfect self driving technology.

[nospiritanimal@lemmy.world]

Ah so only the unverifiable services that don't require an easily trackable commodity did well.

I wish I could make up income too.

[__lost__@lemmy.dbzer0.com]

The problem is that it has been a bubble for most of its public trading existence. It was highly overvalued 10 years ago, the stock price has never made sense, so who knows when it will finally correct.

[victorz@lemmy.world]

Swedes? You mean Volvo? Aren't those manufactured in China as well or nah?

[boonhet@lemm.ee]

Well yeah, they're about as Swedish now as Chrysler is American. Maybe a tiny bit more.

Still, they produce a lot of cars in Sweden, are traded on the Swedish stock market and are headquarered in Göteborg.

[buddascrayon@lemmy.world]

All it needs is a couple of opportunistic fuckers to take advantage of chaos and that shit will plummet like a fucking rock.

[rogue@feddit.uk]

Why is this an issue. They have their incentive to keep building and selling. As long as they’re building and selling, it doesn’t matter to the rest of us what their profit is.

"Issue" was probably the wrong word "potential for controversy" would have been more appropriate. It's potentially controversial because if the profits exceed the subsidies you're effectively just giving money to shareholders.

If they’re building make excess profit, that’s just more opportunity for legacy manufacturers to be competitive. Capitalism 101

No. This is entirely the opposite of capitalism. Under capitalism there are no subsidies. If a business isn't profitable then it fails. Simple.

What we have is an abomination of capitalism and corporate socialism. That's the controversy I referred to above. Where governments funnel money to enrich corporations and the select few rather than helping improve population they are charged with governing.

[ansiz@lemmy.world]

He probably needs all the H1B visas for his remote taxi drivers. I doubt the latency would be good enough otherwise. And it was clear in the 'demo' the pilot was just standing right there controlling it.

[rumba@lemmy.zip]

Service being up 30% is a bad thing for the consumer. For a vehicle that doesn't require much at all in the way of service...

[boonhet@lemm.ee]

I'm not sure what Services means there though. It could very well include subscriptions rather than the actual servicing of their cars? Or maybe both?

[kitathalla@lemy.lol]

Good thing musky got that big compensation package shoved through, eh?

[fmstrat@lemmy.nowsci.com]

Credits aside, these dont seem like bad numbers when compared to spend/investment. Tesla management got what they wanted.

[blackmist@feddit.uk]

I doubt latency would be an issue.

More the fact that they'll be juggling too many at once.

[cupcakezealot@lemmy.blahaj.zone]

People don't want Swasticars? Huh.

[rumba@lemmy.zip]

re though. It could very well include subscriptions rather than the actual servicing of their cars? Or maybe both?

true. the report is very very vague