Elon Musk is sfsu images of eroticism reddithaving a terrible, no good, very bad week.
First a judge struck down a stock grant that Musk persuaded Tesla shareholders to give him, in part by threatening to leave the company. That grant, originally worth around $50 billion, would now be $100 billion, thanks to a post-election rally for the company whose owner went all-in for the next president.
$100 billion: even for the world's richest man, currently worth $333 billion, that's real money. The grant would have doubled Musk's lead over the world's second-richest man, Jeff Bezos, in the all-important billionaires list.
But news that is subtly worse for Musk's long-term prospects just leaked out of Tesla's Austin factory: Cybertruck production appears to be ramping down. Workers on the vehicle's assembly line have been told that there's no need to report to work for 3 days.
According to Business Insider, which has four sources on the factory floor, this comes on the heels of several similar slowdowns in October. Not to mention an increase in cleaning and training duties to fill their hours, and a sharp decrease in overtime offers.
Tesla hasn't yet commented on the reason for the slowdown, but this is not what you would expect to see from a carmaker with a hit on its hands. Automotive companies usually see most of their sales in the spring, when potential customers get tax refunds and driving conditions improve. So if Tesla execs were anticipating banner sales in a few months, the Cybertruck factory should be cranking right this minute.
Instead, Cybertruck inventory seems to be backed up — never a good sign when your job as a business is to shift it. Especially not good if you had two million pre-orders, because it suggests nearly all of those pre-orders, bar 50,000 or so, weren't serious. (Which, given that potential customers only had to put down a $100 deposit, seems a likely outcome.)
Normally, you shift inventory by lowering price. Tesla has instead raised the average price of the Cybertruck (the cheapest trim vanished from its website in August), even as its 350-mile range turns out to be lower than Musk promised.
This isn't just a detail for car nerds to care about. Because if there's any non-Trump-related fundamental driving Tesla stock growth at the moment, it's the uptick in Cybertruck sales (while other Tesla models have seen flat or diminishing market share). Some 28,000 of the oddly angular vehicles were sold in the first 3 quarters of 2024, according to estimates by Cox Automotive (Tesla doesn't break out its sales figures).
Analysts, in the aggregate, expected 48,500 Cybertrucks sold this year, so that's not a bad showing — certainly better than rival electric trucks from Rivian and Ford.
But here's the $100 billion question: Will Tesla get anywhere close to selling 250,000 Cybertrucks a year? That's the production capacity Musk has insisted on, and effectively bet the future of Tesla on. Given that the Cybertruck isn't for sale outside North America — and given its trouble with regulators in Europe and China, it isn't likely to happen any time soon — Musk's bet is almost entirely focused on the U.S. truck market.
Two million pickups are sold every year, so it seems reasonable to assume Tesla can grab an eighth of that total. But canit? Or is reality about to overwhelm Musk's "if you build it they will come" approach?
The Cybertruck has seen six recalls in 2024, a massive number in the car business. The most recent was just this month — thanks to a faulty part that may cause, wait for it, a loss of power to the wheels.
SEE ALSO: The Cybertruck's failure is now completeYou have to squint really hard to see the Cybertruck as anything other than the butt of recall-related jokes. Every week seems to bring with it a new report of Cybertruck owner woes on social media, from an expensive case of leaking oil to a massive systems failure during an outing for a protein shake. This winter may bring worse news for Musk, judging by the Canadian Cybertruck owner whose vehicle died after two hours of use, while he was trying to defrost it.
At least there is one silver lining for Musk. If Cybertruck sales are falling off a cliff, and if they start to take Tesla shares down with them, at least the stock grant Musk missed out on will be worth less than $100 billion. The question is, will he?
Topics Tesla Elon Musk
YouTube finally bans white supremacist contentThe best/worst of 'Me at the beginning of 2016 vs end of 2016' memesPlease enjoy this young poultry connoisseur's chicken shop reviewsThis is what it's like to go for Christmas dinner at HogwartsApple's new $5,000 monitor doesn't come with the $1,000 standBig tech surveillance could damage democracyJyroball is an electric ball you can ride to workThe best/worst of 'Me at the beginning of 2016 vs end of 2016' memesLaverne Cox talks about Pride Month and identityEarth skyrocketed to a new, grim climate change landmarkMan designs a beautiful rainbow turban for PrideCIA confirms Russian interference in election, Trump team challenges reportGoogle's natural disaster alerts will soon come with more visual detailThese are all the best alternatives to that Time coverInstagram proudly highlights how limited organic reach has becomePatty Jenkins unveils new 'Wonder Woman 1984' posterApple iTunes lives on for Windows PC usersTesla now offers a $125 wireless phone charger for Model 3Photos on iOS is now smart enough to hide duplicatesWatch: Jeff Bezos rushed by protester on stage at re:Mars conference Chrissy Teigen accidentally leaks her email address on Twitter, styles it out Ryan Reynolds trash talks Karen Gillan over fantasy football, gets a brutal response Trump has started a meme fight with Nickelback and the band is winning Tim Cook might get huge pay cut in 2023 Apple's mixed reality headset might come in June 'Quordle' today: See each 'Quordle' answer and hints for January 15 Jonathan Van Ness freaking out over a call from Elizabeth Warren will make your day Dyson introduces air purifier that destroys formaldehyde Photo Essay: What happened in the day of a photographer covering CES 2023. Wordle today: Here's the answer, hints for January 12 All flight departures in the U.S. halted due to FAA outage The universe is teeming with fascinating "super 10 dogs who really loved their puppucinos Twitter's rolling out its own TikTok This 'Titanic' remastered movie poster is confusing the internet 'Quordle' today: See each 'Quordle' answer and hints for January 13 'Quordle' today: See each 'Quordle' answer and hints for January 14 Golden Globes host Jerrod Carmichael nailed it with his opening speech It's not just you, Trump really is tweeting a lot more in 2019 YouTube responds to creator backlash by adjusting its new swearing policy
2.9062s , 8288.71875 kb
Copyright © 2025 Powered by 【sfsu images of eroticism reddit】,Unobstructed Information Network