from Hacker News

Tesla delays new 'affordable EV/stripped down Model Y' in the US

by TheAlchemist on 4/19/25, 11:36 AM with 73 comments

  • by jqpabc123 on 4/19/25, 12:15 PM

    Bottom line: Tesla has no actual product to justify the stock's sky high price.

    GM, Ford, Toyota etc. all have a price to earning ratio (P/E) of less than 10.

    Tesla has a P/E of 120.

    But, but, but --- Tesla is more than just an auto manufacturer. Again, there is little in the way of actual product to justify this viewpoint. 90 percent of their income is from autos.

    But, but, but --- Tesla is a "growth stock" with huge future potential. Again, the actual data shows otherwise. Sales in 2024 actually declined.

    The only reason Tesla has a P/E of 120 is because the so called "smart money" (aka institutional investors) remain bought into Musk's fantasy in a big way.

    Musk's best skill is con artistry and Wall Street is one of his biggest marks.

  • by belter on 4/19/25, 3:03 PM

    The delay is more likely due to zero demand. Just reason 129th not to own a Tesla:

    "Tesla speeds up odometers to avoid warranty repairs, US lawsuit claims" - https://news.ycombinator.com/item?id=43723865

  • by monetus on 4/19/25, 4:17 PM

    There will be no 'Volkswagen' tesla, the model Y is going the way of the GT-R, and Tesla's other ideas are vaporware. Lidar is a superior approach. Refusing to use it, while claiming superiority, reminds me of how a child copes with losing at their favorite video game.

  • by joshuanapoli on 4/19/25, 5:03 PM

    Low price for used Teslas right now probably makes the “stripped down” Model Y an unlikely purchase.

  • by toomuchtodo on 4/19/25, 3:42 PM

    Base model Teslas use LFP batteries from China.

  • by darthrupert on 4/19/25, 11:37 AM

    >Musk has believed that Tesla is on the verge of solving self-driving technology for the last few years

    It's nowhere even close to solving it, and it's also no longer even the best at trying.

    Elon Musk is a pathological liar.

  • by sidcool on 4/19/25, 4:44 PM

    The Tesla hate here just seems a reflection of Elon hate. Let's separate the man from the company. Tesla Model Y is the best selling car in the world.