this post was submitted on 23 Aug 2023
736 points (96.8% liked)

Technology

59651 readers
4234 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 39 points 1 year ago (5 children)

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...

[–] [email protected] 35 points 1 year ago (3 children)

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

[–] Honytawk 11 points 1 year ago (1 children)

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.

[–] [email protected] 2 points 1 year ago

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

[–] dragoness 1 points 1 year ago (1 children)

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.

[–] [email protected] 3 points 1 year ago (1 children)

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

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

[–] dragoness 2 points 1 year ago* (last edited 1 year ago) (1 children)

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.

[–] [email protected] 1 points 1 year 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.

[–] [email protected] 11 points 1 year ago* (last edited 1 year 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.

[–] [email protected] 4 points 1 year ago (1 children)

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

[–] [email protected] 11 points 1 year 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.

[–] [email protected] 2 points 1 year 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