this post was submitted on 30 Jul 2024
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Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.

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[–] billiam0202@lemmy.world 48 points 1 year ago (2 children)

Don't worry guys; Tesla is an AI company, not a car company. So car sales don't matter much, right?

Right?

[–] fluxion@lemmy.world 18 points 1 year ago (1 children)

Any moment now your investment in an automated taxi will pay off and you can live off of taxi fares.

[–] AbidanYre@lemmy.world 9 points 1 year ago (2 children)

Who does the passenger's family sue when the car drives them down a railroad track? The owner? Tesla? Elon?

[–] fluxion@lemmy.world 9 points 1 year ago

They get sued by Elon of course

[–] sunzu@kbin.run -2 points 1 year ago

Wasn't the driver supposed to monitor the system under the current law?

What point are you making here?

[–] hark@lemmy.world 6 points 1 year ago

The AI will generate AI (Artificial Income).

[–] HootinNHollerin@lemmy.world 30 points 1 year ago (1 children)

I can’t believe they haven’t booted musk yet

[–] mosiacmango@lemm.ee 24 points 1 year ago (2 children)

Booted? They just voted him a 55 billion dollar bonus.

This is exactly what his investors want apparently.

[–] Buffalox@lemmy.world 6 points 1 year ago* (last edited 1 year ago)

It's so hilarious IMO, by the rate they made money this past quarter, it will take Tesla 10 years, just to earn that $55 billion bonus back.

[–] HootinNHollerin@lemmy.world 1 points 1 year ago (2 children)
[–] eltrain123@lemmy.world 5 points 1 year ago

It did pass and is tied to performance of the company. He doesn’t actually get a 55B bonus. His bonus is in the form of stock, its award is tiered based on revenue-tied performance, and he can’t sell the stock until 5 years after it’s awarded, as to prevent a pump-and-dump incentive structure.