Comment by throwawayfifo

2 days ago

>Yes their actual business is in trouble.

No it's not.

>Tesla’s actual business, making cars, continues to degrade.

False. Revenue and deliveries beat so far this year, Q3 also a beat.

Don't let your Elon Derangement Syndrome cloud your ability to think rationally.

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throwawayfifo

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estearum  2 days ago

You're aware that "beat" means "beat expectations," right? You're aware that expectations are increasingly that Tesla's business is struggling?

TSLA is down 18% YTD. That's because their business is doing so well?

  • throwawayfifo  2 days ago

    >You're aware that "beat" means "beat expectations," right?

    You're aware that the "expectations" are they run a profitable company, right?

    >You're aware that expectations are increasingly that Tesla's business is struggling?

    You're aware that the expectations are increasingly that Tesla's business is stable, and showed record deliveries and backlog in Q2?

    >TSLA is down 18% YTD. That's because their business is doing so well?

    Auto manufacturing sector (DJUSAU) is down 16% YTD, and Tesla's stock is overpriced to begin with. Tesla's most direct competitor in the US, Rivian, is down 34% YTD. Stop getting your business/economic news from BlueSky/reddit.

    • estearum  2 days ago

      Yes, profitable with slowing growth, shrinking margins, and increasing competition. This is a death spiral for Musk's ultra capital-intensive mode of operating.

      That's why Musk is trying to claim Tesla isn't an automotive company (except when comparisons to such suit him and his cultists, of course).