Tesla misses estimates for quarterly deliveries; shares fall

Bobble9211@sh.itjust.works to Technology@lemmy.world – 261 points – Tesla misses estimates for quarterly deliveries; shares fall
reuters.com
  • Tesla reported a decrease in total deliveries for the third quarter of 2023 compared to the previous quarter, delivering 435,059 vehicles.
  • Despite the decline in deliveries, Tesla achieved a production of 430,488 vehicles, highlighting its manufacturing capabilities.
  • The decrease in deliveries and production was anticipated due to summer shutdowns for factory upgrades and price reductions on inventory vehicles and existing models.
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Because its terrifying to drop $50k on a car whose future is tied to someone who is so obviously unhinged. Many companies are led by weirdos, but its a real problem when you don't know if your car is going to work right based on the whims of said weirdo.

Also, Musk has absolutely lied his ass off for years about the capability of the car.

I owned a 2018 Model 3 LR and it was nothing but trouble. I couldn't even use the cruise control because it would randomly smash the brakes on the freeway, even when there were no other cars around. My door panel would catch on the other panels when it opened, causing a decent sized dent. The trunk leaked. They would do updates that moved everything around and suddenly you can't find the screen that opened the glove box. But it did make fart sounds hurr durr.

No thanks.