637
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Tesla's value plunged nearly $200 billion since mid-July โ€“ 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
[-] Chriskmee@lemm.ee 1 points 1 year ago

If you had someone honest at the head of Tesla saying realistic stuff like "we won't have FSD for at least a decade, robotaxis even longer, and it's going to take more than just the cameras we have" and "due to legal liability concerns we are pulling FSD from the market until it's ready" , I don't think you would have nearly that market cap.

Tesla built that market cap off Mr Hypeman, the market cap only begins to make sense if those hype promises are realistic. If Mr Reality takes over Tesla that market cap is going to crash hard, they need Mr Hypeman.

[-] Staccato@lemmy.world 1 points 1 year ago

I respectfully disagree that they still need Musk. The man has spent the past two years visibly shirking his own duties as CEO of Tesla while he was busy burning Xwitter down, and his personal brand is getting tarnished daily.

I do agree they need someone a bit more visionary, though. They couldn't just snatch up the CEO of GM or Ford, but I bet you they could find someone out there who can focus on the future.

[-] Chriskmee@lemm.ee 1 points 1 year ago

If they could find a better liar and hype man than musk, that would be a miracle.

this post was submitted on 23 Aug 2023
637 points (97.0% liked)

Technology

59287 readers
4070 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