this post was submitted on 23 Aug 2023
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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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.

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[–] AA5B@lemmy.world 11 points 1 year ago* (last edited 1 year ago) (1 children)

While I agree Cybertruck may have jumped the shark, I recently noticed …. After years of GM saying cylindrical batteries are not practical and pouch batteries are the only way to go, and Ultium is more advanced than anything Tesla has …. They’re redesigning EV models early to switch to cylindrical batteries like Tesla

[–] NotMyOldRedditName@lemmy.world 1 points 1 year ago

The only reason GM (and others) tried to tout pouch cells is because there was a complete lack of cylindrical production capacity available. Tesla was using it all.

What are you going to do, say we'd rather use these other batteries but we can't, so here you go?

I am ecstatic that most of the major manufactures have finally decided to transition to prismatic and/or cylindrical.

I wouldn't even be surprised if regulations one day prevent use of pouch cells for automotive purposes.