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Tesla cuts even more workers as unsold inventory stacks up

23 points| malfist | 1 year ago |arstechnica.com

43 comments

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[+] theogravity|1 year ago|reply
I have a Model 3 2018 and have no need to get another EV. My wife and I intend to keep the car for 10 years before we decide to get another. With the software updates, the car always feels "current" and I don't personally feel that we're missing something by not getting a more modern version.

Also the newer versions don't have homelink (garage opening hardware), sonar sensors for parking and front radar from my understanding. It's all vision-based or you have to pay a separate subscription for the garage opening integration with MyQ.

[+] nar001|1 year ago|reply
Sure tho do remember they disabled these sensors on software too I'm pretty sure, same reason why they physically disabled them if you sent it in for repair
[+] andrewmcwatters|1 year ago|reply
There's tons of Teslas on the market now at Toyota Corolla prices. If they want to turn over inventory, they'll need to drop prices.
[+] _mlbt|1 year ago|reply
Are you talking about used Teslas for the price of new Corollas, or is there somewhere that people are selling identical model years of each for comparable prices?
[+] jmward01|1 year ago|reply
Is this a transition period for the industry? Are people now only buying based on it being the car they need vs the idea of the car they want? Electric is clearly the now. It is practical and competitive and getting better by the day so maybe it isn't special anymore and maybe the Tesla brand premium is falling because of that. I know that I for one haven't bought one for two big reasons:

1) I haven't bought a new car in my life. I always buy used. Electric and used don't normally go together, especially with the 'your car is a subscription' model. 2) The trend of connected cars and 0 privacy is keeping me from purchasing anything connected. Is this a significant factor for others too?

These two reasons aren't specific to Tesla, but my impression is that they are worse for Tesla than other car makers.

[+] _mlbt|1 year ago|reply
I think we’re seeing market saturation at work. I suspect that most of the people that want, can afford, and are able to make an EV work for their needs already own them.

The truth is EVs are still more expensive than ICE vehicles, have significantly less range, and are a hard sell for rural America and anyone who doesn’t have the ability to charge at home.

[+] JohnFen|1 year ago|reply
> The trend of connected cars and 0 privacy is keeping me from purchasing anything connected. Is this a significant factor for others too?

This is the sole reason why I will not buy any new car (electric or otherwise).

[+] nrclark|1 year ago|reply
If you're on PG&E for your electricity and you'd be using the grid to charge your car, a gas vehicle is cheaper per-mile than electric at the current kWh prices. And that will probably be true for many years to come. That's a reason #3 to consider as well.
[+] hinkley|1 year ago|reply
I have a theory that Tesla fucked up by getting the industry to standardize on their chargers. Now I don't need a Tesla to use the least obnoxious charger network.

If the charger construction and maintenance arm of Tesla is robust enough to keep the company in the black, that might not be a bad thing overall. But it's going to shift their mix.

It will free up capacity in their battery plants and it'll be interesting to see how this affects what verticals they chase. More power banks? Power banks at charging stations to allow charge locations to have more chargers (peak shaving)? More grid stabilization sites?

[+] acdha|1 year ago|reply
One other thing to consider: interest rates are almost double what they’ve been for the last decade, and manufacturers were pushing huge luxury trucks and SUVs and other highly-profitable models during the pandemic. I think some of the inventory stacking up across the industry is as simple as having built what sold a couple of years ago rather than what fits the market now.

https://www.statista.com/statistics/290673/auto-loan-rates-u...

[+] mistymountains|1 year ago|reply
Why would you want (versus need) a Tesla? It’s no longer an aspirational product, it’s an appliance.
[+] dsalfdslfdsa|1 year ago|reply
What happened to Tesla inevitably smashing "legacy auto manufacturers"?

Maybe the only inevitable thing is that manufacturers with the ear (or blessing) of goverments will ultimately succeed.