- cross-posted to:
- technology@beehaw.org
- cross-posted to:
- technology@beehaw.org
cross-posted from: https://slrpnk.net/post/22132981
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“$800 million worth”?
“Nobody wants”?Sounds like creative accounting…
They tried that in Canada and got caught. They’ll get a free handy for doing it in the US under Tump though.
That’s what Trump’s big legal battle with New York was about - lying about the value of a penthouse or something.
So much of these “rich” fuckers wealth is just bullshit on paper.
I have $800M worth of lint in my belly button, apparently
Except these actually have value as scrap especially in the batteries.
Yup. Their boss controls the IRS. They’ll write them off, get a bailout check, and sale the remaining trucks to the US military. Triple dip the American tax payer.
The photograph that says it all. Let’s remember Elon Musk for the Nazi that he is.
This photo is taken out of context, though. I mean, he slapped his chest before the salute, and he did it twice in a row… Ah shit nevermind, he’s a Nazi.
The hand on his heart really does make you think twice about the meaning though, just like it did with that other guy.
Wow. I had no doubt it was a salute, but seeing them side-by-side is chilling
That cadence…
You can just tell it was practiced in front of a mirror with the video as model.
Am I the only one that sees Adolfo “using” it and Musk “feeling” it?
You had me for a second there bud.
he doesnt look commited to it though, because hes doing the lip sucking thing that children do when they are unsure if they will get a bad reaction from it.
Gee, that’s too bad. I do Nazi the problem.
They have a lot of problems … they’re about this high … raises right hand up on the air palm down
If nobody wants them, then they are worth $0.
You could definitely sell those for more than $0. The batteries alone aren’t cheap.
So somewhere inbetween as the article says “more than 10,000 units” and “$800m” so they appear to be valuing them at ~$80k/unit which is ridiculously optimistic.
My guess is closer to 1/3rd of that value but nobody likes to lose half a billion in the blink of an eye
I was debating if I’d be willing to take a free cybertruck, your comment reminded me i could take it straight to the scrap yard
A while back, I read an article by a guy who had inherited a SwastiKKKar from an uncle, including free life-time charging. He didn’t like the idea of driving a Tesla, but free was free.
It wasn’t the reactions of others that made him throw in the towel on it, it was the poor build quality. He thought it felt cheap and rattley so he traded it in for a smokin hot Mustang. He lost a fortune over what the car was bought for, but it was free to him, so he didn’t care.
i don’t have full confidence it will make it to the scrapyard
Jokes on you, I’d pay $1 for the lot.
Prepare to pay a $200m fine for littering.
They’re worth something as scrap, I’m sure.
Next week: US Department of Defence announces purchase of fleet of Cybertrucks.
Can’t wait to meet the successor to M1 Abrams: the M2 Sad Tin Can.
That’s just ridiculous. To spend money to remove infrastructure, out of hidden spite.
hidden?
Well barely. Their given reason is it’s “not mission critical” which is a statement veeeeryyy far from “We are doing it out of spite for electric cars” or “We want our oil narrative to hold from our highest echelons of social hierarchy” or whatever other insane reason
Letting bad actors get away with excuses you are basically making up for them, is how the USA went down the toilet
Already in the works:
State Dept. Plans $400 Million Purchase of Armored Tesla Cybertrucks
Can’t wait to see how well it works to glue armored panels on.
If nobody wants them… they are not worth that amount. simple economics.
supply and demand…
I know i would get made fun of for this but a good price is a good price. I would pay $15,000 for one. I think most people would.
Edit 2 min later - I thought better of it. No i still wouldn’t want it. I wouldn’t trust Tesla not to hack it at some point and take it over.
You could rip the batteries out of them and use them for a solar setup. The rest could be sold for scrap.
Probably an unpopular opinion, but I’d love to take that as a project vehicle.
Batteries for home setup (on TOU plan, so it’d be nice to charge when rates are low and discharge when high).
Then slap an combustion engine in there that just acts as a power plant for the electric motors. It’d probably be biting off more than I can chew, but it sounds like a hell of a learning opportunity and tickles my engineering/tinker brain’s fancy.Of course, after blowing something up, I’d probably focus on dissecting the drive train and using them motors for something else. I’m suddenly curious what the suspension set up is like. If they’ve got some crazy high tech mag-ride system, I’ll bet that could be repurposed for another vehicle (pending Tesla proprietary protocols for connecting to ECU).
But now I’m rambling. The thoughts of what I could do with those parts though.
Ninjaedit: just took a look as some of the pondering above. I forgot how silly the interiors look, so def wouldn’t bother with attempting it as a project car.
There are a lot of videos of the frame cracking from mild outdoor use, which instantly totals the whole vehicle.
I would pay $15,000 for one.
I would pay $15k for a better vehicle. I’m not getting in The Truck That Kills You Instantly.
I would totally take one for 15k (only if its used, never from tesla itself) take the batteries out, sell those and put the frame on a truck and drive it out to an event or protest and let people smash whats left. Let people rent a sledge hammer for a bit and vent, would be a fun and very public statement. Once thats done sell it as scrap. The batteries should alone should cover the next one.
yeah, for $15k USD I could buy an old Ranger or B3000 and have 5-10 years worth of fuel
cyber truck is a hard sell
$15000 is rookie numbers.
I can offer $150 for one!
This is exactly right. They’re worthless if nobody is willing to pay what’s being asked.
So what they’re “worth” is nothing.
“$800m”… If nobody wants them, they’re not worth anything.
If those 5 trucks had feelings they would be hurt
it cost them something to make…they arent completely valueless
There is such a thing as the whole being less than the sum of its parts.
Also something called value add… almost no item in modern commerce is sold at cost
And some of them just don’t sell because even at cost they are crap
cost != value
Angry Labour Value Fundamentalist Noises
Try appraising real estate for a while, it’s a strong lesson in: something is worth whatever somebody is willing to pay for it. Can be higher than cost, can be lower than cost, but the willing buyer is the key to the whole valuation equation.
something is worth whatever somebody is willing to pay for it
That’s a naive short-term approach to valuation.
Real value has to be measured in some kind of revenue generation, or - at least - cost mitigation. Otherwise what you’re describing isn’t value but expense.
the willing buyer is the key to the whole valuation equation
The willing buyer is the key to perceived value. But suckering someone doesn’t increase the utility of what you sold them.
But suckering someone doesn’t increase the utility of what you sold them.
No, but what someone is willing to pay is the sum total of what a business gets income from. Whether a business is delivering tangible value (say: food) or nothing of substance (say: Bitcoin) the viability of a business, it’s ability to survive and thrive in the capitalist marketplace, is 100% correlated to income willingly given vs cost of obtaining that income, and 0% correlated to “actual value delivered.”
What shocks me about much of the U.S. economy is how much is spent on marketing, promotion, advertising, and sales. 0% value derived from such activity, but frequently over half the cost of things that are purchased in the U.S. is sunk in promotion.
someone is willing to pay is the sum total of what a business gets income from
Except credit changes the math on that significantly. You aren’t constrained by your income, but by your risk of default (and even then… glances 2008-ward) Then you can afford to buy more by paying a higher interest rate.
the capitalist marketplace, is 100% correlated to income willingly given vs cost of obtaining that income
“Willingly” is doing a lot of lifting, given the degree to which fraud, extortion, and price gouging play a roll in the national economy.
What shocks me about much of the U.S. economy is how much is spent on marketing, promotion, advertising, and sales. 0% value derived from such activity, but frequently over half the cost of things that are purchased in the U.S. is sunk in promotion.
Promotion (and deception and intimidation) drives sales. They create the illusion of scarcity and transform luxury into necessity.
They add perceived value among the unwitting and create implicit value through absence of harm.
Scrap metal. I’ll give them $100 if they run, $50 if I have to tow it.
Certainly they mean MSRP.
But think of all the time that was spent to create them! /s
You know, by stock market logic, this would mean they aren’t actually worth $800m
If the stock market had anythign to do with logic Tesla wouldn’t be worth more than all other car manufacturers combined
Bag holders.
Stock market logic, sell one cybertruck for $1m and your whole inventory is now worth 10x
They’re only worth what someone would be willing to pay for them. What’s the scrap value on a cybertruck?
Simple economy actually. Supply exceeds demand, value on the market is lower.
On the stock market, you can do all kinds of fuckery to gain from this.deleted by creator
I am expecting them to end up as ICE technicals, used to hunt down dissidents like…checks notes…American citizens, children, and the elderly.
So your saying one will be able to avoid ICE by simply escaping on days when its raining?
Or, by running through sand or mud!
My pet conspiracy theory has been that Elmo was hoping Trump would mandate that everything gov related has to drive Teslas.
That’s definitely plausible.
Finally some good news
Boom, tardigraded!
$800 Million Worth of Cybertrucks
Cybertrucks aren’t worth the glass of the molotovs that ignite them.
Worth and cost are not synonyms.
It’s funny. They target people who burned the trucks, but insurance claims are probably their best chance to get paid for the trucks.
Until insurers decide they’re too expensive to cover.
Light em up!
except the insurance might not even cover these, or they make the coverage cost extremely high.
Cybertrucks are just sitting around, waiting for someone to officially label them the DeLorean of the 21st century.
Hey! You take that back! DeLoreans were always cool cars. Their demise wasn’t due to lack of popularity, the company just had problems getting established, and ultimately didn’t survive its initial growth phase.
Nobody despised the DeLorean, or it’s owner. They just ran out of money, and he tried a desperate Hail Mary play, that didn’t work.
I’d fucking love to have a DeLorean; they’re bad cars but that’s where the similarities to the Cybertruck end. They’re just cool.
Yeah and at least they’re creator had a cool story.
Yeah, he was a larger than life character, and the end of the company was spectacular. Most companies end with a whimper, his ended with an explosion.
I have a little personal anecdote about the end of DeLorean Motor Cars. At the end, I was living in Cleveland, OH, where DeLorean’s brother had a Cadillac dealership, which also sold DeLoreans, of course.
When the company crashed, the government, or the bank, or the court, or somebody, was coming to take all the cars that were sitting in the factory parking lot in Detroit. The local news caught a helicopter shot of a long line of DeLoreans driving out of the lot, and down the road in a long line. They didn’t bother to follow them.
A few days later, it was reported that all the surplus DeLoreans were missing, and DeLorean was hiding them somewhere, and they showed the footage of the cars driving off.
A few days after that, I was taking one of my favorite shortcuts through Lakewood, the suburb where DeLorean Cadillac was located. My shortcut was a small road/alley, with far less traffic and lights, which went behind the businesses along the main road.
One of those businesses was DeLorean Cadillac, with a big parking lot behind the dealership. I’d passed that lot many times, and it was always a mix of Caddys and DeLoreans, but this time I saw that it was FULL of nothing but DeLoreans, packed in like sardines. I had no doubt that these were the missing DeLoreans that the authorities were searching for.
So, of course I notified the authorities where they could find the cars, right? Fuck NO. DeLorean didn’t seem like a bad guy, just a major dreamer who got desperate. I always kind of admired him. So I kept my mouth shut, and made the authorities find the cars without my help.
Fuck Tesla. No bailouts for Nazis.
Narrator: …
He’s right behind me isn’t he
“nobody wants” or 60% of Americans can’t afford basic living expenses?
Why not both nobody wants them and 60% of Americans can’t afford basic living expenses?
For all we know lots of people want them but can’t afford them.
Paints two completely different scenarios from the same objective base observation that there are X amount of unsold Cybertrucks.
Why is that all you know and why are you lumping us in with you?
They’ve got ~60% more inventory than sales (6k sold).
For comparison Rivian has 400% more sales than inventory. (14k sold).
This should be plenty of data to conclude how popular the Cybertruck actually is.
Are you comparing the same time frames? Because Rivian’s sales are down 36% for Q1 2025.
I guess no one wants them either, or would a headline about Rivian invoke some other reason?
That’s my point.
Rivian didn’t over produce, and notably, didn’t go all in with the new authoritarian regime. Also, a 36% decrease in sales is much less than having $800 million (in MSRP) sitting in lots. The R1T is a very successful vehicle if you compare it to the Swastitruck.
Both.
