As popular as Tesla is as a brand, it’s no secret that they have struggled for years to earn a profit. In as recent as 2019, the company endured a loss of $892 million! It’s the 18 years worth of losses, though, that make its record profit of $438 million in the last quarter all the more meaningful. Between this, fueling the Dogecoin movement, and gearing up to host SNL, Tesla CEO and world’s second richest man, Elon Musk, is “killing the game” as the kids say. But that doesn’t mean it’s all smooth sailing for him moving forward.
What do I mean by that? Seems like Tesla has a lot to be worried about. Lots of auto companies are trying to play catch up in terms of all-electric vehicle sales. This caused a massive decrease in market share for Tesla in the last year.
What else? Some think Tesla might be destined to fail against these new competitors. Tesla’s are made from pretty cheap material, and while this often shouldn’t be confused for low quality, it may be worth noting that a JD Power reliability survey ranked them 31st out of 34 auto brands and suffered 250 problems per 100 units.
Is Tesla doomed to fail? Will Elon Musk make me laugh even once on SNL? Is Dogecoin still going to the moon? Let me know in the comments, people!