Maybe if Elon throws out a few more Nazi salutes, it will fix the problem. Surely that will increase sales.
Technology
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
How do you lose money selling electric cars when two oil critical straits are blocaded
By having your CEO come out as a fascist, pissing off the demographic that tends to buy EVs and also stagnating while allowing your competitors to catch up.
By pivoting to humanoid robots and LLMs.
However, the company's gross profits dropped as operating expenses climbed far quicker than revenue, in large part thanks to AI-related capital expenses and other research and development
Teslas are objectively last Gen. The only reason they still sell well in the US and some other markets is tariffs.
Other US companies are actually competing with them for market share now, too. It certainly isn't helping Tesla sell.
Also, Teslas are starting to get the reputation they deserve: overpriced shitbox vehicles that have horrible build quality because Musk has stripped anything good out of them for profit.
The company missed Wall Street expectations, despite its core automotive segment generating just over $20 billion in revenue, up 23 percent from a year ago.
How the fuck did it make $20 billion? How the fuck did it make 23% more than last year? Who the fuck is still buying this shit?
As always, people have short memories, or just do not give a shit about ethics
https://www.nytimes.com/2026/06/26/business/tesla-elon-musk-europe.html
Tesla’s vehicle sales rose 77 percent from January through May compared with a year earlier, the European Automobile Manufacturers’ Association said this week. In May, Tesla sold 22,000 cars in Europe. That’s more than Ford, Nissan or Honda, even when including their fossil-fuel models.
Many people seem to have put aside their personal feelings about Mr. Musk after Tesla cut prices for its entry-level models to levels that are competitive with comparable gasoline or diesel vehicles and inexpensive cars from China. In some countries, Tesla’s Model Y sport utility vehicles can be leased for less than 300 euros, or about $340, a month.
“Once you go down the pricing scale, people pay less attention to ethics or morality,” said Matthias Schmidt, an independent analyst in Berlin who tracks electric vehicles sales. “Tesla’s product has become so appealing from a price perspective, it’s almost too good to refuse.”
As the old saying goes..."Ethics are a luxury that poor people can't afford."
I remember Tesla sales dropping after this

so I hoped people are still capable of using ethics when making financial decisions but it looks like I was wrong.
The people I know who bought one don't give a shit about ethics. They stayed away from them for as long as they were socially unacceptable, but as soon as the storm blew over they saw their chance to buy one.
Just... a data point. My experience is that at least 20% of a population doesn't care about stuff like this. They care about their own social status, but not ethics.
Absorption by SpaceX incoming.
I mean, it would still make more sense than SpaceX + xAI. Unlike a data center, a Tesla did actually go to space
And even that was out of spite. That was supposed to be the roadster that the actual founder of Tesla had ordered.
Headline conveniently phrased to attract clicks from certain segment of internet users.
that's usually the goal of a headline
Futurism's are particularly egregious. It exists to get clicks, and I mean in a way that clearly none of its writers give a single shit.
This headline and story in particular are okay enough, but in general, Futurism will take scraps and turn it into "[x person/business/industry our readerbase doesn't like] is literally shitting its pants and DYING".
Chat, is it good when a stock is down 28% YTD?
Not sure it quite qualifies as a free fall yet, we can all hope though.
Yet somehow the asshole is a trillionaire. That don't sit right with me. tf is going on
Every now and then there's a news about these corporations crashing but after a week they are all back at their all time high. This sort of news doesn't seem to achieve nothing but give these corporation visibility and keep better news at bay.
tesla has had disastrous earnings in the past and it hasn't bothered the investors before. what charged?
I think in the eyes of many investors, Elon has lost whatever mojo they thought he had. As Elon never had any mojo to speak of, this mostly just means the investors are finally catching up with reality.
Could be that some of the irrational Musk fanboys have moved their money over to Spacex? Could also be a complete coincidence though given past Tesla price movements.
Oof.
I sold my shares years ago, when Musk started to show his first signs of becoming radicalized. Looks like it was a pretty good call.
I predicted this after his reputation fully tanked when he went full MAGA/ DOGE. Every earnings report is going to depress the stock price more and more, until the floor just falls out, and it collapses.
Tesla is NEVER coming back. It will be bankrupt in 3 years.

Nobody wants to buy a car from a car company that only wants to build robots in the future.
I bought an EV recently, and Ive been asked a few times why I didn't get a Tesla. There's a wide range of reasons but the one that's the most fun to say is "I wanted a car made by a real car company".
Wall Street spent years pricing Tesla like a future AI empire instead of a car company. Now investors are getting a reminder that robotaxis, humanoids and promises don’t magically pay today’s bills. Reality has an annoying habit of showing up right after earnings season.
Oof, 1 year of gains wiped out

In two weeks when SPCX employees can sell, please let them cash out and resign as hard as possible. They're reasonable intelligent people who know the promises are science fantasy, so this is a plausible scenario. Then, as investors lose faith, Tesla enters true freefall right as fElon tries to leverage his shares to float SPCX. Let this Icarus of Grift come spiraling down so we never have to hear about him or his cultists again.
Please please let this also be the start of the AI bubble popping finally!
Looking at short term with stocks is never the right thing to do. Stocks go up and down every day.
You should always look at 1Y and 5Y and as we see for Tesla, that's ..... oh.
Nevermind.
I no longer trust reported numbers now that the "system" has been grossly manipulated by cheats and scoundrels in power. I still smirk and shake my head at and teslars driving past me on the street though.
#
Don't be fooled by the headline. Look at the long term trend. It is still high. Just a bump. Its the same price as July 2025.

