With Tesla's "Next-Gen" compact model on the back burner, its aging Models 3 & Y will drag down earnings with increasing needs for price cuts. Cash could run out.

This is some good looking analysis on Tesla’s current problems.

I don’t know if “Bankruptcy” is a word to be thrown out right now. But it is clear that the Cybertruck is a dud, the Model 2 is allegedly cancelled, and the Model 3 Highland refresh barely moved the needle.

Finally, TSLA sold fewer cars in Q1 2024 while the overall car market grew in sales. It could be an EV-only blip or problem, but in any case, its a clear problem for Tesla.

Overall, the substack article stays focused on GM, Chrysler, and Nissan and how these 2008-era and 1999-era bankruptcies have similarities to Tesla’s troubles today. It seems a bit hyperbolic, but it overall seems like a good read.

  • GrymEdm@lemmy.worldEnglish
    37·
    7 months ago

    I wonder if getting the shareholders to approve a $56 billion payday for Musk and HQ move to Texas will salvage things.

    • tacosanonymous@lemm.eeEnglish
      201·
      7 months ago

      It’s that kind of outside-the-box thinking that’s going to save them.

      The article’s author failed to see that solution!