this post was submitted on 03 Apr 2024
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Tesla
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Discussion of Tesla, Inc.
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About Tesla
Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.
They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.
Tesla’s mission is to accelerate the world’s transition to sustainable energy.
founded 2 years ago
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Absolutely. I think a big factor in the drop of demand last quarter was the end of the full $7,500 tax credit.
Since August last year there has been this doom and gloom coverage of electric car sales in the media. That may be making potential buyers get concerned about purchasing an EV at this moment. Self fulfilling prophecy.
Elon’s behavior is definitely playing a role as well. I think that at the end of the day he is just trying to cater to conservatives to expand the consumer base. But the plan is backfiring by alienating progressives and not converting conservatives into consumers.