- cross-posted to:
- business@lemmy.world
- cross-posted to:
- business@lemmy.world
CEO Elon Musk blames ‘bit of a hangover’ from rivals’ discounting but insists challenges are ‘fairly short-term’
CEO Elon Musk blames ‘bit of a hangover’ from rivals’ discounting but insists challenges are ‘fairly short-term’
I think there might be a bit more than price cuts putting pressure on profits.
Pardon the pontification, I’m probably projecting.
27% drop in California registrations in the last quarter. Go figure… When the CEO wants to be an alt right edgelord and your biggest customer base leans left because you sell fucking EVs. Maybe… Just maybe they don’t want to give their money to an alt right edgelord. It’s literally the opposite of Michael Jordan’s “Republicans buy sneakers too” logic, and I’m glad the company is eating shit as a result. I hope they go fucking bankrupt.