🚗💸 Di wahala wey Tesla dey face: Profit don drop by 44% afta dem cut prices
⬇️ Pidgin ⬇️ ⬇️ Black American Slang ⬇️ English
Omo, things tough for Tesla right now! Di car manufacturer don report say dem profit don yawa big time inside di third quarter afta dem decide to jolly well reduce car prices by like 25% just to fit keep up for market. 📉
Oga Elon Musk, wey be di headman for Tesla, don even talk say make people no just dey expect say their new motor, wey dem call Cybertruck, go just come change everything sharp sharp. He talk say e go take like 18 months from when dem start to dey sell am for end of November before e go start dey bring in serious cash. 💰🕰️
For di three months wey end September, Tesla talk say dem get profit of $1.9 billion. That one na big drop from di $3.3 billion wey dem get for that same period last year. 😟💔
Di way Musk dey yan give financial analysts and people wey wan invest on Wednesday, e be like say dem go still see gobe to make sure say Cybertruck dey everywhere and e dey bring in money. Him talk say di hustle wey go dey needed for am, e go be like no other.
Tesla don reduce their car prices for U.S by almost 25% for di last one year, dey look say dem wan sell pass their competitors. But even with that, their share inside electric car market for U.S don drop from 60% to 50%. Other car companies like BMW, Mercedes, and General Motors dey bring out their own electric cars steady, and e dey shake Tesla supremacy. ⚡️🚘
Tesla no just dey face wahala for U.S alone, for China and Europe sef, dem dey see pepper from local car producers.
People been dey expect say profit go drop because earlier this month, Tesla talk say sales no too dey because dem shutdown factory for some time for Austin, Texas, and Shanghai. But nobody think say e go bad reach like this.
Before now, Tesla dey make money pass those old car companies for U.S, so dem fit reduce prices. But as e be now, e go hard to dey always drop price. For di third quarter, their profit margin na 8%, and e resemble that one of old car companies. 🧮📊
People been dey hope say this Cybertruck wey dem wan launch go help push sales up. But di thing wey people no know be say, e hard to produce the vehicle because of di kind body e get. E get stainless-steel body wey good, e no fit rust and no need paint. But to design am and weld am, wahala full.
Even Ford and General Motors dey face same challenge with their electric pickup trucks. E be like say people no really wan buy am as dem think. But Musk talk say people really wan buy Cybertruck, say demand high sotey more than one million people don order. But, money to take buy am na di problem because loan payment high.
One good news be say, if workers for Ford, G.M. and Stellantis continue their strike, e fit help Tesla. For now, six factories owned by these three companies don dey on strike. Tesla workers no dey do union.
Di stock price for Tesla drop 5% for normal trading on Wednesday and e still drop another 3% afta Mr. Musk talk.
Musk just dey hope say things no go bad for economy, but him no too sure.
NOW IN BLACK AMERICAN SLANG
Tesla’s Money Game Ain’t Strong: Profits Take a Major Hit After Dropping Prices 🚗💸
Look, things ain’t looking too good for Tesla right now. They just put out the word that their pockets ain’t as fat this quarter, all after they decided to make their rides more affordable by cutting prices by about 25%. They trying to stay on top, but it’s a tight game. 📉
Big boss Elon Musk, the head honcho at Tesla, is giving folks a heads up: don’t be expecting that new Cybertruck to stack chips for the company straight out the gate. Talking about, it’s gonna be a good minute, like 18 months, after it rolls out this November before they see some real paper from it. 💰🕰️
Now, if we talking numbers, Tesla said they made about $1.9 billion from July to September. But let’s keep it a buck, last year during that same time, they were banking with $3.3 billion. That’s a whole different vibe! 😟💔
On a real note, Musk was chopping it up with some money folks on Wednesday and dropped some knowledge. Producing that Cybertruck and getting folks to drop cash on it? Ain’t gonna be easy. That hustle gonna be mad real.
Over the past year, Tesla decided to make moves, dropping their prices in the U.S by nearly 25%. They’re trying to get those cars out there, but that means the cash flow is a little different. Even with the price drop, they’re losing their grip. Heavy hitters like BMW, Mercedes, and GM are rolling out with their electric whips, and they’re coming for that crown. ⚡️🚘
And it ain’t just the U.S. Over in China and Europe, Tesla’s got competition. Local whip makers are trying to grab a piece of that pie.
Folks had a feeling Tesla’s money game might be slipping. They gave the word earlier this month that sales weren’t all that, mainly ’cause they had to shut down some spots to switch things up in places like Austin and Shanghai. But, real talk, no one thought it’d be this deep.
Now, back in the day, Tesla was the king of the hill, making more money than most of these old-school car companies. But things change. This quarter? They’re looking at 8% profit, which ain’t too different from the old heads in the car game. 🧮📊
Everybody was waiting on that Cybertruck to change the game. But crafting that steel body? Man, that’s a challenge. It looks fresh, won’t rust, and you don’t gotta paint it, but making it is a whole other story.
Even other big players, like Ford and GM, are feeling the heat with their electric trucks. Maybe folks ain’t as hype about these electric pickups as we thought. Still, Musk is confident, saying over a mil people are ready to cop that Cybertruck. But with loan rates going up, some folks are rethinking that car note.
Now, if Ford, G.M., and Stellantis workers keep striking, Tesla could come up. Why? ‘Cause Tesla workers ain’t part of that union scene.
Tesla’s stock? Took a 5% dive on Wednesday and slid down another 3% after Musk gave the lowdown.
Musk’s not sounding any alarms, but he’s letting folks know: we might see some challenges ahead.
NOW IN ENGLISH
🚗💸 Tesla Faces Trouble: Profits Dip by 44% After Price Reductions 🚗💸
Trouble is brewing for Tesla! The car giant recently disclosed a significant drop in their profits for the third quarter. This decline comes after the company decided to slash car prices by nearly 25% in their bid to remain competitive. 📉
Elon Musk, Tesla’s CEO, cautioned folks not to get their hopes up about the new model, the Cybertruck, immediately boosting the company’s earnings. He stated it would be roughly 18 months post its November end release for the pickup to turn a profit. 💰🕰️
For the span of three months ending in September, Tesla reported earnings of $1.9 billion, a stark contrast to the $3.3 billion they reported for the same period the previous year. 😟💔
Musk’s discussion with financial analysts and potential investors on Wednesday indicated there are monumental challenges ahead for Tesla in terms of rolling out the Cybertruck widely and ensuring it is profitable. The effort required is immense.
Over the last year, Tesla has cut their car prices in the U.S by almost 25%, focusing more on volume than profit margins. But despite this, their market share for electric cars in the U.S dipped from 60% to 50%. Other brands like BMW, Mercedes, and General Motors have been consistently launching their electric vehicles, challenging Tesla’s dominant position. ⚡️🚘
The company isn’t just facing challenges in the U.S. In both China and Europe, local car manufacturers are giving Tesla a run for their money.
The decline in profits was somewhat anticipated since Tesla had announced a decrease in sales earlier this month. This was due to temporary factory closures for retooling in places like Austin, Texas, and Shanghai. However, the extent of the decline was unexpected.
Previously, Tesla had an edge in terms of profitability compared to traditional U.S automakers, which allowed them to adopt a strategy of reducing prices. Now, things seem to be changing. Their profit margin for the third quarter was at 8%, similar to conventional car manufacturers. 🧮📊
There were high hopes that the launch of the Cybertruck would boost sales. However, production challenges arose because of its unique stainless-steel body. While it’s resistant to rust and doesn’t require painting, it’s notably more challenging to manufacture.
Ford and General Motors have also faced similar challenges with their electric pickup trucks. The demand for these types of vehicles might not be as substantial as initially estimated. However, Musk remains optimistic about the Cybertruck’s demand, noting that more than a million people have placed orders. The hurdle seems to be the increased loan payments, making it less affordable for consumers.
An upside for Tesla could be if the strikes at Ford, G.M., and Stellantis continue, since their workers are currently unionized and Tesla’s aren’t.
Tesla’s stock price took a 5% hit during regular trading on Wednesday and fell an additional 3% after Musk’s announcement.
While Musk remains hopeful about the economic scenario, he believes challenges might be on the horizon.
