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Tesla reports steep drop in profits despite US rush to buy electric vehicles

(www.theguardian.com)
64 points jethronethro | 1 comments | 23 Oct 25 01:52 UTC | HN request time: 0.207s | source
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DanOpcode ◴[23 Oct 25 04:47 UTC] No.45678243[source]▶
Just guessing, but wouldn't surprise me if most luxury brands are struggling at the moment. I don't think this is the right time to buy a brand new, luxury car for most people. Considering the inflation, unemployment and uncertainty.
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jonway ◴[23 Oct 25 07:10 UTC] No.45679074[source]▶
They also haven’t released a vehicle that is particularly relevant in like 6 years.

Yes, the Cybertruck that nobody really wants, and a Model Y with an extended wheelbase. Yay.

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1. scarab92 ◴[23 Oct 25 08:47 UTC] No.45679685[source]▶
The Model Y has been iteratively improved since its introduction like any other product, and remains the best selling car in its class in most western markets.

This argument makes about as much sense as saying Apple hasn’t released a new phone since 2007.