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RandAlThor@lemmy.ca to News@lemmy.world · 2 days ago

Tesla just reported its biggest quarterly drop in deliveries ever

sherwood.news

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Tesla just reported its biggest quarterly drop in deliveries ever

sherwood.news

RandAlThor@lemmy.ca to News@lemmy.world · 2 days ago
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The EV company sold about 60,000 fewer vehicles than it did in Q2 2024....
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  • Gork@sopuli.xyz
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    1 day ago

    Still, investors are shaking off the report, bidding the stock up 5.6% in premarket

    How the hell is it rising on this news. This stock is super manipulated.

    • oakey66@lemmy.world
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      Of course it’s manipulated. Tesla sold 1.7M vehicles in 2024. Their market cap is 970B.

      Toyota sold 10M. Their market cap is ~270B.

      The US stock market is a joke. It’s vaporware mostly the result of gambling.

    • TaviRider@reddthat.com
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      In market terms, bad news was already priced in. The fact that the steep drop wasn’t as bad as some analysts predicted means it was better news than expected, so the stock went up a bit.

    • Raiderkev@lemmy.world
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      1 day ago

      By the same guy who manipulated the election.

    • astrsk@fedia.io
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      That’s not manipulation, that’s how this works. Stock investors always buy the bad news, when it’s expected bad news. Given all the turmoil that tanked the stock earlier this year, it was expected shipments would slow. So now is the time to buy back in because there’s a decent chance sales will pick back up again. Disclaimer this is a simplified and generalized overview.

    • CaptDust@sh.itjust.works
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      deleted by creator

  • MyOpinion@lemmy.today
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    1 day ago

    We are taking this to Zero Elon you damn Nazi.

  • Raiderkev@lemmy.world
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    1 day ago

    Since the last one that is

  • shittydwarf@sh.itjust.works
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    1 day ago

    • Snot Flickerman@lemmy.blahaj.zone
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      1 day ago

      Technically “less.”

      • Laser@feddit.org
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        1 day ago

        Fewer

  • andyburke@fedia.io
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    1 day ago

    shit cars for shit people. 🤷‍♂️

    • FenrirIII@lemmy.world
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      I still see ones with paper tags all over Texas, meaning people are buying them. Indians especially love Teslas

  • wise_pancake@lemmy.ca
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    In the words of Sarah Lynn: 🖕 Suck a dick dumb shits! 🖕

    Seriously, you spend a couple years pushing away your customers, then you spend a few months pushing away the edgy morons you thought you could attract, and what do you expect to happen?

    • Raiderkev@lemmy.world
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      I drop that reference all the time and no one ever gets it.

  • Jo Miran@lemmy.ml
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  • stoy@lemmy.zip
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    1 day ago

    lol

  • bitjunkie@lemmy.world
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    lol

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