this post was submitted on 06 Nov 2025
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Sales tank as investors get ready to decide whether to make Musk a trillionaire.

Tesla’s shareholders are ready to vote tomorrow on whether to give Elon Musk an even more vast slice of the company in an effort to keep him focused on selling electric vehicles. Currently, the trolling tycoon appears a little obsessed with the UK, a place he appears to conflate with Middle Earth, which investors may or may not take into account when making their decision. What they ought to take into account is how many cars Tesla sold last month.

Although Tesla only publishes quarterly sales figures and does not divide those up by region, slightly more granular data is available from some countries via monthly new car registrations. And the numbers for October, when compared year on year to the same month in 2024, should be alarming.

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[–] thefluffiest@feddit.nl 81 points 1 week ago

Well, ya know…

[–] PP_BOY_@lemmy.world 59 points 1 week ago (13 children)

Tesla has failed to expand its range beyond the Models 3 and Y, both of which look increasingly stale despite recent cosmetic tweaks.

Dunno why reports continue to blame the sales on the styling of the cars instead of the fact that the very public CEO of the company, who is kind of inseparable from the whole brand, is polarizing to say the very least.

Tesla cars look fine. Genuinely they do. They've stuck with their own design language so that their cars are apparently "Tesla" on the road, and that kind of brand recognition is something designers spend their whole lives trying to create. You recognize them, like an Apple product. Sure, 15 years ago, everyone was trying to copy Apple and Apple's own image suffered a bit from design oversaturation, but they pushed through it, waited out the trends and for the competition to move onto the next thing, and held their ground and kept a good-looking, consistent lineup. Tesla is basically the same.

Tl;dr: it aint the cosmetics

[–] warm@kbin.earth 36 points 1 week ago (3 children)

Teslas are fucking shit cars made as cheaply as possible. People literally burn to death in them trying to find the door handle.

Yes, the CEO is a human piece of shit, but the cars shouldn't be bought regardless.

[–] Dojan@pawb.social 23 points 1 week ago (2 children)

The fact that they’ve had multiple vehicle designs that break when it rains is nuts.

[–] SaveTheTuaHawk@lemmy.ca 6 points 1 week ago

At one point they replaced parts with pieces of wood from Home depot.

The batteries last but the motors don't. They also are impossible to repair from minor crashes and cost a fortune to insure. Parts can take months to source.

[–] skulblaka@sh.itjust.works 2 points 1 week ago

They also have the highest incidence of fire based death of any car of all time, including the Ford Pinto, which was best known for catching fire.

https://www.news.com.au/technology/motoring/on-the-road/fiery-death-trap-most-dangerous-car-killing-its-passengers/news-story/ab364eb2e1ad2b569e367664f08aa705

[–] GreyEyedGhost@lemmy.ca 2 points 1 week ago (5 children)

That is a design issue, but it is not a cosmetic design issue. Having never been in a Tesla, I don't know if the fundamentally flawed interior door handle has any great impact on aesthetics. That said, Teslas, even cybertrucks, are very distinctive. Their esthetics have little bearing on the quality of the build (this is the entire philosophy behind knock-off brands).

So, while I don't thing you're wrong, that has no relevance to the OC's statement.

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[–] Lemmyoutofhere@lemmy.ca 8 points 1 week ago

They are also overpriced trash.

[–] Ancalagon@lemmy.world 5 points 1 week ago (1 children)

Eh they look like trash but are so common now and the other manufacturers have made copy cats. But you're right.

[–] PP_BOY_@lemmy.world 8 points 1 week ago (8 children)

I disagree but that's just my opinion. I love Ramsian design and the (exterior of) Tesla's do it well. The new Prius is good too but gets a bit too futuristic to call it Ramsian.

Either way, my point is that most of the copy cats have moved on to other designs, "trend chasing." Yeah, a couple years ago every automaker was ripping off Tesla, but I don't see that anymore, they're going towards a more 80s angular look. What I'm saying is that Tesla's maintained their design language really well. That's not a fault, it's a success. Tesla cars are apparently Tesla on the road, just like an iPhone is obviously an iPhone and not one of the thousands of iPhone copycats that were on the market ~10 years ago or how a Starbucks is obviously a Starbucks, and not one of the thousands of wood-toned internet cafes that came up a few decades ago.

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[–] foodandart@lemmy.zip 42 points 1 week ago

Musk stated not too long ago, he felt empathy was a weakness of western society.

So... too bad for Tesla. Oh well.

[–] manxu@piefed.social 30 points 1 week ago (2 children)

Y'all complain about Musk and about the quality issues of the hardware. I am more worried about the software and the willingness of the company to paywall basic functionality. I will never buy a car that can be bricked by the manufacturer remotely because I am not willing to pay a subscription.

[–] FlyingCircus@lemmy.world 3 points 1 week ago (1 children)

Nevermind the fact that the car literally tracks everything about you and sends all the data to Tesla HQ. To be fair though, there are no modern cars that meet Mozilla’s privacy standards. Some car companies even track your sexual activity.

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[–] Witchfire@lemmy.world 2 points 1 week ago (1 children)

Idk what it is about Teslas but they have the absolute WORST drivers. Honestly they give BMWs a run for their money.

[–] innermachine@lemmy.world 2 points 1 week ago

Bmw drivers may drove fast and reckless, but at least they are actually holding the steering wheel and looking at the road most of the time. Tesla drivers aren't even that they just sit there and scroll on their phones. Drives me nuts I've laid on the horn next to people watching TV and got a dirty look and a bird followed by continuing their film. They get a nice test of the auto braking on occasion.

[–] killabeezio@lemmy.zip 30 points 1 week ago (3 children)

How much money does one person need before enough is enough?

[–] comador@lemmy.world 19 points 1 week ago* (last edited 1 week ago) (1 children)

It's never enough. You get to a point you don't ever want to live below your means ever again. To stay at that level you want double, triple what you have now so you can stave the losses of the next crash. The greed grows.

You get to a point where you worry something or someone outside of just recessions will take it away because you've seen it happen to others and you've worked too hard to get it. The greed grows.

The sad part is this isn't something new nor isolated and every single human being is capable of it because greed literally is a survival instinct in all of us.

The only only only resolution is to go back heavy taxation. For the US, that means to pre 1960s and post US Civil War 1860s taxation when top earners paid up to 90% tax on ALL 100% of their earnings no matter how it was made.

[–] MonkderVierte@lemmy.zip 5 points 1 week ago* (last edited 1 week ago) (1 children)

If it was only that, 100 million would still be enough for a very luxury lifetime. It's more of a kick for them, like in gambling.

[–] comador@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

Yes, that's another possibility, but not the only one. Greed manifests differently for everyone.

[–] worhui@lemmy.world 10 points 1 week ago (1 children)

It’s hard for a normal person to comprehend. He takes it because it can be taken.

In this case people understand money, so they think he wants more money. He wants to TAKE and that money exists so he should take it. He may not want it or have any plans for it. The sheer fact it can be taken is why he is taking it.

That is the true way of the .001%

If it can be taken it should be taken by them.

Want, need , enough, not enough are all more advanced thoughts . It’s only ‘Me Take’

[–] Doomsider@lemmy.world 2 points 1 week ago

When you haven't done the labor and take the money away from those that have it is called stealing.

[–] NotMyOldRedditName@lemmy.world 2 points 1 week ago* (last edited 1 week ago) (4 children)

The realistic issue is he doesn't need the money. No one needs that amount of money. And to be honest, it's not money, it's unrealized wealth in stocks.

He wants more control of Tesla.

When Tesla was incorporated, they decided not to have dual class shares as it was more frowned upon at the time, so it's impossible to grant him voting shares, that at the same time aren't worth anything stock price wise.

Companies like Meta have this dual share structure and it's how Zuckerberg has majority control (58% voting rights) but does not have the value of majority of shares. If Meta didn't have dual shares and Zuckerberg still had 58%, he'd be worth $899 billion at todays stock price.

The really stupid thing is that Musk had greater control, and then he sold it off to buy Twitter because suddenly Twitter was this life or death for humanity thing to him (lol). This was AFTER for years saying he'd never sell his shares, he'd be first in last out, except for some charity stuff and living expenses.

So we have undeniable proof he's willing to say he won't sell shares, and then at a whim buy something worth tens of billions, so without a doubt in my mind, if he gets this extra trillion, his words are worthless on not spending it. He'll wake up one day and decide to ~~save~~ rule the world he needs to buy CNN, CNBC, PBS etc etc and control everything.

You could also see when he sold stock to buy twitter, that even though on paper he was worth $XYZ the moment he started selling billions of stock, the price plummeted, because the stock price doesn't actually represent real money, it's all unrealized until someone tries to use it.

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[–] TheDemonBuer@lemmy.world 25 points 1 week ago (1 children)

EV adoption in the US is going to suffer as a result of the industry being dominated by tech bros. It's unfortunate that buying into the EV industry in the US also means buying into a toxic culture. I just want a car that happens to be electric, I'm not interested in joining a techno-utopian cult.

[–] Formfiller@lemmy.world 7 points 1 week ago

Techno pedofile Dystopian cult

[–] CaptainBlinky@lemmy.myserv.one 22 points 1 week ago (1 children)

Weird title. If you're not buying from a company, by definition you're not a customer.

[–] Doomsider@lemmy.world 3 points 1 week ago

Former customers?

[–] Corporal_Punishment@feddit.uk 22 points 1 week ago

The UK market is filling with electric cars from multiple manufacturers now. Cars made by actual car companies.

We have a mini as a run around. It is a better car in every way to a tesla. Range is excellent, handling is amazing and the build quality is what you'd expect from a premium vehicle.

Its actually a car. Not a test bed for unproven technology.

Teslas are cars designed and made by a computer company, nothing more.

[–] Rooty@lemmy.world 16 points 1 week ago* (last edited 1 week ago) (1 children)

Volkswagen is a better Nazi car anyway.

[–] Revan343@lemmy.ca 4 points 1 week ago

Right? Why settle for the inferior copy

[–] Tollana1234567@lemmy.today 13 points 1 week ago (1 children)

with CHINAS own massive EV industry, why do they need overpriced and prone to malfunction teslas.

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[–] FauxPseudo@lemmy.world 12 points 1 week ago (2 children)

They aren't customers if they never bought.

[–] Guilvareux@feddit.uk 8 points 1 week ago

They also can’t “stay away in droves” they just aren’t interested.

[–] demonsword@lemmy.world 2 points 1 week ago (1 children)

it's implied that we're talking about potential customers, people who could buy Teslas but are shopping elsewhere instead

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[–] CrabAndBroom@lemmy.ml 11 points 1 week ago

As a European person I don't want to drive an exploding car built by a nazi, so this company has nothing to offer me.

[–] Bwaz@lemmy.world 10 points 1 week ago (1 children)

$1T for one of his part-time jobs.

[–] thrillho@lemmings.world 8 points 1 week ago

Even the trillionaires need 2 jobs in this economy!

[–] dan69@lemmy.world 4 points 1 week ago (1 children)

I’m just scared that the “few one off stories” regarding door handles aren’t a big f’in red flag. Or even some how magically cars drive into a pond..

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[–] SaraTonin@lemmy.world 3 points 1 week ago

Yes, I’m sure giving him a gift of money for behaving how he currently is behaving will make him re-think his current behaviour and start behaving differently.

A journalist who is often a regular on a podcast I listen to has a theory on why Musk is seemingly obsessed with the UK - he’s up late (due to ketamine, although she doesn’t go as far as to say that explicitly), and people in the US are asleep so he’s got no tweets to react to. We’re awake here in the UK, though.

[–] avidamoeba@lemmy.ca 2 points 1 week ago (1 children)

I think he's gonna get the trillion-dollar pay package.

[–] hitmyspot@aussie.zone 7 points 1 week ago

From what I've seen, it looks like it's staggered based on metrics to be delivered to trigger it. I hope they approve it, which causes the share price to crash and then he destroys his wealth in the greedyprocess and doesn't get any of it.

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