this post was submitted on 06 Feb 2024
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Electric Vehicles

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BYD becomes best selling EV brand in Australia as Tesla sales plunge in January (thedriven.io)
submitted 8 months ago by [email protected] to c/[email protected]
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[–] [email protected] 29 points 8 months ago (2 children)

Tesla has lost nearly a quarter of its market cap in the past month. Musk has cost shareholders over $100 billion because he can't shut up about conspiracy theories and "woke" nonsense on the site formerly known as Twitter, so now middle-class car buyers who are overwhelmingly liberal-minded refuse to buy Tesla cars. The Tesla brand has been reduced to rubble and is worth a fraction of what it was a few years ago because Musk refuses to stop pissing on it.

I can't believe he's not facing ten shareholder revolts a day over this. If someone fucks up and costs me a hundred billion dollars I'd be out for fucking blood.

[–] [email protected] 14 points 8 months ago

He made a 6000lb US$60000+ silver Homer car and they're going to miss production goals, I read that based on the P/E ratio the stock price hasn't been realistic for a while.

I hope that people stop preordering them in future and the share price tanks.

[–] [email protected] 1 points 8 months ago

We just bought a BYD Seal. It's incredibly close to a Tesla 3 and there were pros and cons for both vehicles.... but at the end of the day, the deciding factor for me was having to be associated with Elon Musk. I just couldn't picture myself driving around in a car people associated with the bloke.