submitted 9 months ago by L4s to c/technology

Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[-] [email protected] 40 points 9 months ago

The moment those Chinese EV startups enter the US market, Tesla will be in real trouble if they don't have their product quality image problem fixed by then.

It'll be like Detroit's Big 3 automakers tanking when small fuel efficient Japanese cars landed in the 70s oil crisis.

Assuming those Chinese EV companies don't have their own quality problems...

[-] Edgelord_Of_Tomorrow 36 points 9 months ago

Chinese EVs absolutely have quality problems, but they are half the price. Tesla's are sold at luxury prices with third rate QA.

[-] [email protected] 11 points 9 months ago

Chinese quality has gone up in the last 20 or so years since they transitioned from poor to industrial country. You can't cling to the cheap knockoffs you buy on Aliexpress either.

[-] Edgelord_Of_Tomorrow 2 points 9 months ago

Yeah China has shown they can make good stuff but their safety ratings are still very below par.

[-] [email protected] 1 points 9 months ago

So Tesla's have quality issues I agree with, Elon is an asshole I also agree with. But not all Tesla's are a Plaid. They start at $35k, the Y at 40k. They are most assuredly not luxury vehicles and I'm not sure why people keep thinking this.

[-] aesthelete 3 points 9 months ago

They start at $35k, the Y at 40k.

That's a starter price, not a finisher price. (Apologies to IASIP.)

[-] [email protected] 2 points 9 months ago* (last edited 9 months ago)

That's still not luxury in this market. I priced one myself ended up at 48k. That's not luxury anymore in this market.

But I digress. I'm not a Tesla lover or anything just saying they're not luxury cars. I don't even have an EV yet and don't want a Tesla.

[-] aesthelete 1 points 9 months ago

It's more than I'd pay, which also doesn't make them luxury prices.

However, until pretty recently they were much more expensive than they currently are which is why there's a lagging perception of them being luxury.

It certainly isn't the quality.

[-] kameecoding 11 points 9 months ago* (last edited 9 months ago)

Tesla is already in trouble.

Hyundai Ioniq 5/6, Kia Ev6.

VW ID line.

Ford F150 Lightning.

Those are the things that will absolutely decimate Tesla's market share. Known brands that can actually put together cars without basic issues like Panel gaps and paint issues.

Ones that reject the absolutely dangerous and moronic UX of putting everything onto a big screen instead of having physical buttons.

[-] Ghostalmedia 4 points 9 months ago

They’re already in the states. Example: Volvo / Polestar

[-] [email protected] 11 points 9 months ago

Big difference there. Volvo may be owned by a Chinese company but they're made in the US and Europe (except the S90) and are designed by Swedish engineers. That's like called Jaguars and Land Rovers Indian since they're owned by Tata.

The cars that GP are referring to are entirely designed and built in China.

[-] Coreidan 2 points 9 months ago

china sucks worse then Tesla. Everything they build is cheap crap that falls apart. Last thing I’d ever do is buy some pos from china

this post was submitted on 23 Aug 2023
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