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Joined 1 year ago
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Cake day: June 5th, 2023

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  • Eh, a quick Google search said that Tesla wasn’t profitable for 17 years and survived due to government subsidies and investor funding. After that they’ve been making ~$15 billion per year and sold around 1.3 million cars worldwide per year.

    In contrast Toyota sold 10.3 million vehicles and made $61 billion in profit.

    As with their 17 years of unprofitable business they are currently more proportionally profitable, but a big portion of that is Musk fanboys and limited supply. If they actually started selling more cars they probably wouldn’t be as proportionally profitable.

    Additionally, Tesla is supposedly becoming less profitable due to several factors including not making a new model in 10 years, reports that they fraudulently marketed features (being sneaky with how range is calculated so that the true range is way less than advertised), and Elon’s antics hurting sales. Elon’s antics are a big deal, some people who wanted Teslas before don’t want them anymore because they don’t want to be associated with him (like flying a Gadsden Flag in the mid 2000s vs now).

    Elon’s antics don’t stop there, he’s also hurt the investor’s opinion as well. A big reason Tesla’s stock was so high is because people were buying them and not selling them. This caused their price to stay super high, but when Elon bought Twitter he sold a ton of stock. The price was at an all time high over $400 per share, his selling cratered it to ~$115, and is currently around $165. Investors don’t like it when the owner of a company single handedly tanks their investment so the owner can make a bad investment, even more so when the writing on the wall says he’ll sell even more of the stock to fund the bad investment.




  • I wish people would talk about this, but Elon really isn’t that smart and he certainly isn’t a genius. I learned a long time ago that smart is relative and really shouldn’t be foisted onto people. Elon has a BA in Physics from a school known for business degrees. He also got a BS in Business, but UPenn and Wharton are known more for how hard it is to get in than how hard the classes are.

    The website CollegeVine says UPenn is known as the “Social Ivy” and “UPenn’s admissions is highly-selective, but students applying to the UPenn College of Arts & Science (CAS) will find it less academically competitive than schools like Harvard, Yale, Princeton, and Stanford (although exceptional academics are still a must).”

    By the way, he started college in 1990, transfered to UPenn in 1992, and states he graduated in 1995, but UPenn refutes that saying he graduated in 1997. This is a school where 96% of those who are accepted graduate within 150% of the degree time (4 year degree within 6 years) (https://www.collegetuitioncompare.com/edu/215062/university-of-pennsylvania/graduation/).

    Musk of course says he completed the courses in 1995, but there was some sort of mixup with an English and History credit that delayed the degree by 2 years.