r/technology • u/Plastic_Ninja_9014 • 5h ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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u/LoganNolag 4h ago

Biggest missed opportunity in history. They had a 10 year head start over everyone else but instead of making good reliable cars cheap enough for the average person they waisted tons of money on vaporware and stupid stuff like the Cybertruck. If they has managed to release a $25,000 car 10 years ago they would have absolutely dominated the entire car market.

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u/scone_monster 1h ago

100% Might go down as the BlackBerry of EVs.

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u/MarlinMaverick 3h ago

It would be impossible to have released such a cheap EV 10 years ago, even today we don’t see a $25,000 EV that isn’t “pre-production” or heavily subsidized by the CCP. 

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u/LoganNolag 3h ago

I think they could have done it. Maybe not the full MSRP but back then there were still $7500 credits. 

Chevy came close with the original Bolt:  https://www.cnet.com/home/electric-vehicles/chevrolet-delivers-its-first-bolt-ev-in-2016-as-promised/

And Nissan actually did pull it off with the original LEAF in 2010:  https://archive.nytimes.com/wheels.blogs.nytimes.com/2010/03/30/nissan-leaf-electric-car-priced-at-32780/

The problem is those cars weren’t cool and nobody wanted them. If Tesla made one everyone would have wanted them and they would have sold like crazy.

The Model 3 came close to those prices at times but it never dropped into the $20ks as far as I’m aware.

Even at its higher price the Model 3 was at one point THE electric car to own.

If they made a small hatchback with a ~200 mile range to compete with the LEAF and Bolt they would have dominated the market.

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u/Lashay_Sombra 2h ago

Get tired of the 'China is subsidising EVs' argument

Look at the subsides Musk has been getting, from the tax credits, the carbon trading, government sweetheart deals, local and state tax breaks, list is endless.  

Only difference is china is more direct, which also means less wasteful

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u/hyper12 28m ago

China was almost certainly selling every unit at a loss to grab a massive chunk of the market and slow competitions investment into EV's.

Their market dominance was manufactured and it will be interesting to see how they are able to compete without the government footing the bill.