this post was submitted on 23 Aug 2023
743 points (96.8% liked)

Technology

59429 readers
2919 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

you are viewing a single comment's thread
view the rest of the comments
[–] skymtf@pricefield.org 26 points 1 year ago (28 children)

I'm surprised this isn't just because of there being more competitors to Tesla like rivian. Tbh though I dislike cars, I just have to use them sadly.

[–] Diplomjodler@feddit.de 17 points 1 year ago* (last edited 1 year ago) (24 children)

There aren't any. By volume Tesla is still the biggest EV maker by far. The competition is nowhere close to catching up. If they screw up the launch of the Cybertruck, they'll really be in trouble, though. Also, the valuation is to a large degree based on the promise of full self driving. That seems to be an increasingly distant prospect, though.

[–] steltek@lemm.ee 16 points 1 year ago (1 children)

Hasn't the F-150 has already preemptively destroyed the Cybertruck? I suppose most people driving pickups don't actually need a pickup's functionality. They're just told they need a pickup so that's what they buy.

[–] CADmonkey@lemmy.world 10 points 1 year ago

I see more F150 Lightning trucks than I do model 3 cars, and this is in a red state full of people who are scared of electric vehicles.

load more comments (22 replies)
load more comments (25 replies)