Cybertruck sales are disastrous. Tesla sold ~10,000 in the fourth quarter.
Cybertruck sales are disastrous. Tesla sold ~10,000 in the fourth quarter.
Tesla confirmed that Cybertruck sales are disastrous in the release of its quarterly results. Sales of the controversial electric pickup...
Emphasis theirs.
It has been hard to track Tesla’s sales because the automaker is the most opaque when it comes to breaking down sales per model. Tesla bundles sales of Model 3 and Model Y together and all other vehicles (Model S, Model X, Cybertruck, and Tesla Semi) into its “other models” category.
Today, Tesla released its Q4 delivery numbers and confirmed that it delivered 23,640 units of its “other models.”
Based on how Model S and Model X sales have been tracking, we estimate that Tesla delivered between 9,000 and 12,000 Cybertrucks in Q4, which is likely less than in Q3 despite launching the cheaper non-Foundation Series models and opening orders beyond those with reservations.
You're viewing a single thread.
I remember when Tesla's days were supposed to be numbered, like, five years ago. I don't think market fundamentals matter anymore. If you have enough money you can just do whatever you want and your company will go to the moon
IIRC the company is still way overvalued relative to their actual production as compared to other car companies, it's just that even with the decline when Musk became an open nazi, there are still enough rich tech-bros supporting him and buying shares to keep the price high.
It's not even tech bros, many, many 401k's and other funds include Tesla because of the stock performance. If the company were to tank it'd have significant impact on the entire country. They're literally too big to fail
Tesla's market cap is triple Toyota with 1/5 the earnings.
The rationality of the free market!
what's the lib version of inframaterialism, infra-immaterialism?
is it warhammer 40k that has a species whose space fleet is powered by the collective belief in the fact that it works? red ones go faster or whatever?
Yeah, that's orks
If it tanked it would have an impact on the whole world, loads of people and pensions etc are in to it.
Too big to fail implies the government will prop them up when it fails. I can't see that happening. There are simply no assets, no employee base, it's all fluff.
Reminds me of Enron. The clues are there but everyone chooses to ignore them so they can make money today.
I regret not buying Tesla stock during the pandemic. It was a free money machine.
Good news! The pandemic is ongoing!
No more stimmies though
Stocks are based on rich peoples feelings and not any reality
The thing with companies crashing is it only happens once. The longer this one stays over valued the harder the tumble will be.
I predict the overall stock market is going to get hit hard around this one. With a trillion dollar market cap, it's not just frat boys and speculators who own this stock.