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I also heard it's owned by the richest man in the world.
I've heard Tesla isn't really even a car company
I also heard it's owned by the richest man in the world.
https://www.theguardian.com/technolo...musk-took-overX’s UK profits collapsed the year after Elon Musk’s takeover
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Twitter UK Ltd also narrowly averted being struck off last month for failing to file the accounts on time, according to other recent filings to Companies House. It only filed full accounts on Monday for 2023, the year in which it was rebranded as X after Musk’s takeover.
“The business continues to take corrective measures to build brand safety tools, invest in platform safety and content moderation and then educate advertisers about these initiatives,” the company said.
Its overall revenue totalled £69.1m, down from £205.3m in 2022, a decrease of 66.3% year-on-year. The profit for 2023 dropped from £5.6m the previous year to £1.2m. Pre-tax profits were 74% lower at £2.25 million. This was a “significant decrease in the performance of the company”, it said.
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I assume you mean this
https://www.forbes.com/sites/ellenrw...-car-business/
but you could mean this
https://www.cnbc.com/2024/06/13/elon...-company-.html
am I close?
Bend over, I'll show ya in' close!
https://electrek.co/2025/04/17/tesla...n-amid-crisis/Tesla Cybertruck is in crisis: new discounts and throttling down production
The Tesla Cybertruck is in crisis. The automaker is still sitting on a ton of old inventory, which it is now heavily discounting, and it is throttling down production to try to avoid building up the inventory again.
When launching the production version of the Cybertruck in late 2023, Tesla CEO Elon Musk claimed that the vehicle program would reach 250,000 units a year in 2025:
We are now in 2025, and Tesla is expected to currently be selling the Cybertruck at a rate of about 25,000 units a year – a tenth of what Musk predicted.“I think we’ll end up with roughly a quarter million Cybertrucks a year, but I don’t think we’re going to reach that output rate next year. I think we’ll probably reach it sometime in 2025.”
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Despite Tesla’s efforts, the automaker has only reduced its Cybertruck inventory by about 100 units since the beginning of the month.
Tesla is now further throttling down production of the Cybertruck at Gigafactory Texas, according to a new report from Business Insider.
According to two Tesla workers speaking with BI, the automaker has reduced its Cybertruck production teams and now operates at a fraction of its original capacity. It also moved some Cybertruck production workers to Model Y production at the plant.
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Lol. I mean the time I called it a car company and Snakes said "nOpe!!! NoT a caR coMpAnY!!"
https://www.reuters.com/business/aut...ay-2025-04-18/Exclusive: Tesla to delay US launch of affordable EV, a lower-cost Model Y, sources say
SAN FRANCISCO/NEW DELHI/SEOUL April 18 (Reuters) - Tesla's long-awaited plans for an affordable car include a U.S-made, stripped-down version of its best-selling electric SUV, the Model Y, but the production launch has been delayed, three sources with knowledge of the matter told Reuters.
Tesla (TSLA.O) has promised affordable vehicles beginning in the first half of the year, providing a potential boost to flagging sales. Global production of the lower-cost Model Y, internally codenamed E41, is expected to begin in the United States, the sources said. That would occur at least a few months later than outlined in Tesla's public plan, they added, offering a range of revised targets from the third quarter to early next year.
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https://digitalassets.tesla.com/tesl...025-Update.pdf
https://www.cnbc.com/2025/04/22/tesl...t-q1-2025.htmlTesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates
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Total revenue slid 9% from $21.3 billion a year earlier. Automotive revenue dropped 20% to $14 billion from $17.4 billion in the same period last year.
Tesla said one reason for the decline was the need to update lines at its four vehicle factories to start making a refreshed version of its popular Model Y SUV. The company also pointed to lower average selling prices and sales incentives as a drag on revenue and profit.
Net income plummeted 71% to $409 million, or 12 cents a share, from $1.39 billion or 41 cents a year ago.
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You leftists are obsessed with your ex leftist tech boytoy.
He's still the richest man in the world.
Let us proceed...
musk
without EV credits from the gubmint, Tesla appears to be running at a loss
without EV credits from the gubmint, Tesla appears to be running at a loss
So if the taxi crashes, the owner of the Tesla becomes the liable party.
...... I'm guessing
& the bottom line would still state:::Musk is the richest man on earth.
The joke is the publication date.
...AND you ain't been able to stop Musk 100 days in.
https://edition.cnn.com/2025/04/28/b...an-they-appearTesla is in worse shape than you think
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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.
It also faces possible rising costs due to the tariffs that the Trump administration is weighing on imported auto parts, which even Musk has said could be significant, albeit less so than at some compe or.
Sales are falling partly due to rising compe ion from other automakers’ EV offerings, especially in China. Tesla’s sales are falling in both Europe and China even as overall EV sales increase in those key markets. It’s about to lose its long-held le of the world’s largest seller of electric vehicles to Chinese automaker BYD.
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