Tesla records lowest profit margin for five years | BBC News

Tesla has reported its lowest profit margin in five years.

The car maker has been forced to cut prices in recent months to compete with rivals.

"Overall, our focus remains on company-wide cost reduction," the company said on Tuesday in an update for investors.

Elon Musk, the company's CEO, said he would be shocked if his self-driving cars weren't ready to operate without human supervision on US roads by the end of next year.

#Tesla #ElectricCars #BBCNews

[Mrshuster]

Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.

[raquetdude]

“self driving next year” - every year for the last ten years - Elon.

[GlennRobinson]

Can see Elon really earned that increased pay package.

[batipapo]

Biggest scam in recent history. Hyperloop tunnel, semi trucks, roadster, non functioning “auto pilot”, lame robots and constantly crashing rockets. What are these investors smoking?

[hourbee]

His politics is turning customers away from enriching him any more.

[sarabeth]

Tesla is looking at bankruptcy in a couple of years.

[mrakronyahoo]

Sorry - what price cuts? Certainly nothing in the UK

[hdw]

He should have build a 20k car with great design and a battery that charges in 10 to 15 min...Instead he went with the cybertruck which is the greatest mistake i have ever seen.

[hayzed]

How long has Elon been promising full self driving? It ain't happening next year that's for sure.

[sleepycalico]

That's what Elon gets for backing Trump, when people who might buy his products tend to be intelligent and liberal.

[Censortubes]

People finally figured out they are buying 80k bicligjters.

[Marice]

Well, that is what happens when you have a malignant narcissist in charge, who might also be a sociopath.

[mendozaara]

I will not buy a car from a Tyrannical owner.

[raquetdude]

Tesla removed the depth perception tech and replaced them with cameras which has lead Tesla. Literally moving backwards… how they expect to train Ai data / self driving without reliable depth perception.

[enckidoofalling]

Maybe he should be dealing with his business problems instead of going to political rallies and speeches in the Capitol

[merrydaye]

Floorboards of a Tesla are a flimsy joke

[jst]

You can bet that Elon Musk’s shenanigans on Twitter have contributed to lower sales.

[Irishstew]

I love my Tesla. Never again would i return to an ICE vehicle

[Censortubes]

The sales were only good ONE year. Which is the same year everyone was forced to buy them. Biclighter of cars is all they are and if you think they aren’t. You have no idea about them.

[mikafiltenborg]

To All Elon-hateres : PLEASE go testdrive FSD V12.5 ⚠️😎