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submitted 3 months ago by rosschie to c/technology@lemmy.world

Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.

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[-] billiam0202@lemmy.world 43 points 3 months ago

Don't worry guys; Tesla is an AI company, not a car company. So car sales don't matter much, right?

Right?

[-] fluxion@lemmy.world 16 points 3 months ago

Any moment now your investment in an automated taxi will pay off and you can live off of taxi fares.

[-] AbidanYre@lemmy.world 8 points 3 months ago

Who does the passenger's family sue when the car drives them down a railroad track? The owner? Tesla? Elon?

[-] fluxion@lemmy.world 8 points 3 months ago

They get sued by Elon of course

[-] sunzu@kbin.run -1 points 3 months ago

Wasn't the driver supposed to monitor the system under the current law?

What point are you making here?

[-] hark@lemmy.world 5 points 3 months ago

The AI will generate AI (Artificial Income).

[-] HootinNHollerin@lemmy.world 26 points 3 months ago

I can’t believe they haven’t booted musk yet

[-] mosiacmango@lemm.ee 22 points 3 months ago

Booted? They just voted him a 55 billion dollar bonus.

This is exactly what his investors want apparently.

[-] Buffalox@lemmy.world 5 points 3 months ago* (last edited 3 months ago)

It's so hilarious IMO, by the rate they made money this past quarter, it will take Tesla 10 years, just to earn that $55 billion bonus back.

[-] HootinNHollerin@lemmy.world 1 points 3 months ago
[-] eltrain123@lemmy.world 5 points 3 months ago

It did pass and is tied to performance of the company. He doesn’t actually get a 55B bonus. His bonus is in the form of stock, its award is tiered based on revenue-tied performance, and he can’t sell the stock until 5 years after it’s awarded, as to prevent a pump-and-dump incentive structure.

[-] mosiacmango@lemm.ee 2 points 3 months ago
this post was submitted on 30 Jul 2024
124 points (97.0% liked)

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