this post was submitted on 09 May 2025
518 points (97.3% liked)

Technology

69946 readers
2483 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 news or articles.
  3. Be excellent to each other!
  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, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
518
Things at Tesla are worse than they appear (edition.cnn.com)
submitted 4 days ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
92 comments fedilink hide all child comments
 

Things are undoubtedly bad at Tesla. Its sales are dwindling. Its profits are plunging, as is its share price. There are regular protests outside its showrooms. The Cybertruck is a flop. And somehow, it’s actually a lot worse than that.

The 71% drop in net income it just reported may have been overshadowed by CEO Elon Musk’s announcement that he would be stepping back from his controversial duties at the Department of Government Efficiency (DOGE). But that drop is just one indication of serious financial sickness at the EV maker, problems brought on by falling sales for the first time in its history and falling prices for electric vehicles.

The bottom line problem at Tesla is its vanishing bottom line. A deeper look at its first quarter report shows it’s now losing money on what should be its ostensible reason for existence – selling cars.

It was only able to post a $409 million profit in the quarter thanks to the sale of $595 million worth of regulatory credits to other automakers.

But if the Trump administration gets its way, the company can kiss those regulatory credits keeping it in the black goodbye, too.

you are viewing a single comment's thread
view the rest of the comments
[–] AA5B@lemmy.world 1 points 2 days ago (1 children)

No manufacturer does good self-driving yet.

Several manufacturers including Tesla make driver assistants more reliable than humans in at least some cases, possibly most of the time.

It’s easy to say you don’t want to allow companies to profit from unsafe technology that kills people but what is the other choice? If you send the trolley down the other track, you’re choosing different deaths at the hands of unsafe humans. We will soon be at the point, or already are, that your choice kills more people. Is that really such an easy choice?

[–] tfm@europe.pub 2 points 1 day ago (1 children)

We will soon be at the point, or already are, that your choice kills more people.

Where do you get that? From Elon?

Yes safety features and driving assistants make driving safer. Letting the car drive by itself not (especially with Teslas).

[–] AA5B@lemmy.world 1 points 1 day ago (1 children)

Elon claims Tesla is already past that point. I’ll accept a much larger approximation that several manufacturers are past or near that point. Even if you’re skeptical of the claim, it’s clearly close enough to be concerned about.

[–] tfm@europe.pub 1 points 1 day ago (1 children)

Elon claims Tesla is already past that point.

Elon claims a lot of shit. Most of them are lies. He cannot prove with real data that "FSD" really crashes less.

Even if you’re skeptical of the claim, it’s clearly close enough to be concerned about.

Again, Teslas aren't even considered autonomous cars.

Don't get me wrong, I want to be optimistic. But currently it looks like this will take much longer to succeed than Elon and other hype men claimed.

[–] AA5B@lemmy.world 1 points 1 day ago

You’re being too pedantic. We clearly have cars that do a lot of their own driving, we clearly have people (multiple) making claims, and we clearly have at least one company piloting self-driving taxis. Let’s consider our ethics before it’s too late