The US is closing a college per week, and decaying shopping malls are the norm.
frogperson · 9h ago
I think there is a German word that describes perfectly how I feel about this.
PlunderBunny · 8h ago
Crisis-tunity?
buggy6257 · 7h ago
schadenfreude.
Havoc · 7h ago
On the plus side they have a minimum - the battery packs in them have value
kylebenzle · 8h ago
Is there a reason they can't simple lower the price if this is true? How can it possibly be better for Tesla to let trucks rot ranther than sell for less?
Me and I'm sure others would love one at like the $5,000 price range.
1659447091 · 6h ago
It's a status symbol.
It completely misses the mark on truck ownership. It's almost as if they had some private jet owning billionaire who has never worked a day of manual labor design the thing, but probably once waved an inactive chainsaw around while doing weird vocalizing sounds.
The "frunk" storage is a joke, the bed design means no easy access toolbox (an actual useful one for people who have a truck for utility). I absolutely would not take that thing off-road, unless the idea of off-road means relativity flat dry dirt area close to the main road and charging stations.
The 2021 Texas snowmageddon had many areas without power for up to a week. I saw multiple vehicles that had slide off roads and been abandoned in ditches. Yet my gas powered 4x4 worked like a champ that helped friends get groceries and go to their essential functioning jobs. The cybertruck is great if you want to let people know you have money and "truck" owner, which no one cares about except them.
And as an extended family member likes to remind me with the photos of her rubicon rescuing trucks trying to keep up with her jeep club, trucks and jeeps are for getting work done, not cruising the highway. Tesla should look at what jeep and the truck companies are doing with electric -- they understand why people buy them -- and work from there.
Havoc · 7h ago
Lowering prices screws up company valuations and stock prices
nradov · 7h ago
That's not how valuations work.
bwoj · 6h ago
Untrue. Unsold inventory must be represented on the balance sheet as an asset. Marking down the value of 1000’s of cybertrucks will drop the book value of the company. It will impact various financial ratios that are used to estimate value. Worse yet, a public admission that they can’t sell these things can undermine the confidence which is the only thing propping up the stock’s value right now.
nradov · 49m ago
That's not how valuations work. The investors with enough capital to affect stock prices are not ignorant of the inventory situation, nor are they fooled by assets held on the balance sheet above fair market value. Your comment is extremely naive and quite disconnected from reality.
Havoc · 6h ago
If you sells stuff at half the price you did before I assure you the valuation ain’t staying put
nradov · 48m ago
This information is already priced in.
PlunderBunny · 8h ago
I suspect that would be a good price for a big battery that was (somewhat) portable.
CamperBob2 · 7h ago
It's probably similar to the question of why commercial real estate is allowed to sit empty for years. If they lower the rent to attract tenants, suddenly the building is "worth" less than it was. That makes it harder for the developer to borrow money using the building as collateral, and potentially triggers some awkward clauses in the terms of existing loans.
In the case of the unsold Tesla inventory, marking to market would make the whole company worth less. Tesla stockholders expect the company to tell them a good story, and writing down the entire fleet of Incel Caminos would be a bad story.
Me and I'm sure others would love one at like the $5,000 price range.
It completely misses the mark on truck ownership. It's almost as if they had some private jet owning billionaire who has never worked a day of manual labor design the thing, but probably once waved an inactive chainsaw around while doing weird vocalizing sounds.
The "frunk" storage is a joke, the bed design means no easy access toolbox (an actual useful one for people who have a truck for utility). I absolutely would not take that thing off-road, unless the idea of off-road means relativity flat dry dirt area close to the main road and charging stations.
The 2021 Texas snowmageddon had many areas without power for up to a week. I saw multiple vehicles that had slide off roads and been abandoned in ditches. Yet my gas powered 4x4 worked like a champ that helped friends get groceries and go to their essential functioning jobs. The cybertruck is great if you want to let people know you have money and "truck" owner, which no one cares about except them.
And as an extended family member likes to remind me with the photos of her rubicon rescuing trucks trying to keep up with her jeep club, trucks and jeeps are for getting work done, not cruising the highway. Tesla should look at what jeep and the truck companies are doing with electric -- they understand why people buy them -- and work from there.
In the case of the unsold Tesla inventory, marking to market would make the whole company worth less. Tesla stockholders expect the company to tell them a good story, and writing down the entire fleet of Incel Caminos would be a bad story.