RealTesla

TL;DR: Porsche 911 wins everything, even the 1/8th mile... even the slowest Porsche 911 they could find.

That starts by racing against a 2023 Porsche 911 Carrera T with a seven-speed manual transmission. This is the slowest new 911 you can buy today, but it’s hardly a dog. In prior MotorTrend tests, we’ve run the 379-hp stick-shift Carrera T to 60 mph in 3.9 seconds and through the quarter mile in 12.2 seconds at 116.4 mph. Per our usual test procedures, we raced the 911 with a full tank of gas.

Elon lied.

Yet another (effective) price cut from Tesla this past weekend. Sure, its not really a price cut, but with APYs this low, its clear that Tesla is eating the cost of the loan.

I'm guessing that inventory has been piling up more that has forced them to figure out this hidden price cut / APY trick.

This fresh post from teamblind.com suggests another round of layoffs has already begun at Tesla.

naLP67 at Blind creating a rumor that 25% new layoffs are incoming. This here is a "Threads" where people are discussing the rumor.

Given the 20% initial layoff round and this 25% additional round, we're looking at a ~40% cut to all of Tesla compared to just a few weeks ago.

This is a week-old article now, but its huge proof of the growing Tesla inventory problem. Tesla simply isn't selling all their vehicles anymore, and thus large scale storage sites like this Chesterfield Mall are seeing a huge number of Tesla vehicles pile up in storage.

Thanks to OddAbbreviations5749 from Reddit (https://old.reddit.com/r/RealTesla/comments/1cn9geh/teslas_10q_from_q32023_warned_this_investigation/)

You can find this 10Q here: https://www.sec.gov/Archives/edgar/data/1318605/000162828023034847/tsla-20230930.htm

Scroll down to page 24, "Certain Investigations and Other Matters".

The relevant "Ctrl+F" is:

Separately, the Company has received requests for information, including subpoenas, from the DOJ. These have included requests for documents related to Tesla’s Autopilot and FSD features. Additionally, the Company has received requests for information, including subpoenas from the DOJ, regarding certain matters associated with personal benefits, related parties, vehicle range and personnel decisions. To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred. We cannot predict the outcome or impact of any ongoing matters. Should the government decide to pursue an enforcement action, there exists the possibility of a material adverse impact on our business, results of operation, prospects, cash flows, financial position or brand.

Hertz auctions aren't quite the used market entirely, but its somewhat of an indicator of where Tesla vehicles are in the used market.

Hertz seems to be having trouble selling Teslas.

1637 is the worst month in Germany on the chart in the article. Furthermore, January-April 2024 all together is well over -35% compared to January-April 2023.

This is a significant drop in Tesla sales in Germany. I'm not sure if this is representative of the rest of the world, but its definitely a worrying sign.

Seems like the layoffs haven't ended yet as more-and-more former Tesla workers are saying that they've been laid off.

A lot of senior-level layoffs.

Today, Rebecca Tinucci and her entire team responsible for EV Charging has been laid off from Tesla.

This suggests that Tesla is getting cut down to the bone. Even EV Charging is getting laid off in large numbers.

Tesla's deal with Baidu isn't new, the mapping data Tesla will collect likely can't leave China, and Full Self-Driving can't compete with more advanced Chinese alternatives

If you're having trouble viewing this article, try the archive.org link: https://web.archive.org/web/20240429200356/https://www.wired.com/story/elon-musk-cant-solve-teslas-china-crisis-with-his-desperate-asia-visit/

Next-generation battery technology, in the form of either Sodium-Ion batteries, or Solid-State Batteries, are beginning to come into mass production.

For example: there's also this Solid State Battery company winning Army contracts (https://www.businesswire.com/news/home/20220427005243/en/Army-Extreme-Battery-Group-Increases-Ion-Storage-Contract).

So we're actually on the cusp of a dramatic improvement to battery technology. I do think that companies like Tesla could be left in the dust, especially if Tesla continues to invest into (last generation) 4680 Li-ion cells.

I don't know which "next generation battery tech" will win. But there's so many advancements over the past year that I can confidently say that "something" will displace Li-Ion (even LFP). I just don't know if its Sodium or Solid State yet (or some other battery chemistry). But both Sodium and Solid State tech have improved to the point of seemingly mass production.

In total, NHTSA investigated 956 crashes, starting in January 2018 and extending all the way until August 2023. Of those crashes, some of which involved other vehicles striking the Tesla vehicle, 29 people died. There were also 211 crashes in which “the frontal plane of the Tesla struck a vehicle or obstacle in its path.” These crashes, which were often the most severe, resulted in 14 deaths and 49 injuries.