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.

  • darganon@lemmy.worldEnglish
    22·
    7 months ago

    Toyota and Volvo are both adopting giga press in future manufacturing. Don’t act like Tesla has done nothing.

      • darganon@lemmy.worldEnglish
        11·
        7 months ago

        Of course, they were just the first people to use it, and for making cars.

        That’s innovation whether you give them credit for it or not.