Why don’t we just wait to see how things play out before making that kind of judgment? Production has barely started to ramp.
Glad I canceled it several months ago.
Edit: or "laid off more than 10% of their global workforce".
https://electrek.co/2024/04/15/tesla-lays-off-more-than-10-o...
>But the squeeze on the company’s operating margin — which came in at 8.2% in the fourth quarter, down from the 16% for last year — remains, and Tesla has warned investors to brace that vehicle volume growth this year “may be notably lower” than the rate logged in 2023, noting it is “currently between two major growth waves.”
https://www.cnbc.com/2024/04/15/tesla-shares-dip-in-premarke...
>Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo
>The company’s stock was down 1.20% in premarket deals at roughly 7:30 a.m. ET.
>“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Tesla CEO Elon Musk said in an internal memo obtained by CNBC.
>[...] But the squeeze on the company’s operating margin — which came in at 8.2% in the fourth quarter, down from the 16% for last year — remains, and Tesla has warned investors to brace that vehicle volume growth this year “may be notably lower” than the rate logged in 2023, noting it is “currently between two major growth waves.”
The car was announced in November 2019 - almost 5 years ago. Delivery was delayed by 2 years and the car still clearly has manufacturing defects. Things have played out.