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submitted 5 months ago by L4s@lemmy.world to c/technology@lemmy.world

Tesla Gets a $94 Billion Reality Check as EV Winter Sets In::Tesla Inc. had a blockbuster 2023, as its shares more than doubled in 12 months. But 2024 is starting on a different note, with Elon Musk’s electric vehicle maker off to its worst start to any year — ever.

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[-] ringwraithfish@startrek.website 11 points 5 months ago

Hahaha, love that you came with receipts. People are extremely shortsighted sometimes and think surviving a few bad years means they'll be around for a while. Companies can take a while to fail and can limp along for years before finally being sold off.

this post was submitted on 13 Jan 2024
138 points (87.5% liked)

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