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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[–] Devion@feddit.nl 2 points 1 year ago

I drive a Tesla, and I can definitely say they're very overpriced for what they are. I also hate the association with Musk. But... I've driven a few other EVs over the last few months and ffs... the mindnumbingly stupid decisions in their control software is frankly unforgivable. It feels those cars are still designed by and for people who didn't have internet in their 40s. For example: all of them don't remember some or all of the driving characteristics I set them to (regen breaking strength for example). It's idiotic. And they all use some processor that's out of date even for phones generations back. And that car is supposed to last 10 years??? Why? On the face of it, I don't particularly like Tesla, but damn the competition is doing everything they can to stay behind, it feels...