Tesla 2024 Q2 Net Income Plummets Nearly 50%

It was a record setting first half of this year as Tesla sales completely crashed, setting a record decline.

Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing.

The Austin, Texas, company said Tuesday that it made $1.48 billion from April through June, less than the $2.7 billion it made in the same period of 2023. It was Tesla’s second-straight quarterly net income decline.

Tesla offering big price cuts and low interest terms led to income collapse, on top of rapidly collapsing demand that it was supposed to slow.

The CEO has promised the street he will sell more than twice as many cars by the end of the year.

For the first half of the year, Tesla has sold about 831,000 vehicles worldwide, far short of the more than 1.8 million for the full year that CEO Elon Musk has predicted.

And if the California market is any signal, the rest of the year could get even worse for Tesla.

Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market…

Meanwhile other EV makers are seeing huge sales jumps and high demand. For one obvious example, Toyota:

In Q2, Toyota sold 247,347 electrified vehicles (up 63% year-over-year), representing nearly 40% of the group’s total volume.

A 63% jump! And when you isolate for BEV vehicles that Q2 jump goes over 100%. This success is completely the inverse story to Teala’s failure. EV sales overall are strong.

There’s no reason to believe Tesla can compete in the future.

Politician in AZ Tesla Going 2X Speed Limit Claims Special Immunity From Laws

Update: criminal charges have been filed.

There’s no question that many, if not all, Tesla owners think buying their poorly designed low quality car from a conman gives them a special talisman or magic token of immunity from accountability (being above any laws, including laws of physics).

In this new Arizona case, the mysticism driving such lawless thinking is not even hidden or subtle.

On the evening of March 15, Tucson police officer Ryder Schrage clocked Wadsack driving her Tesla Model S at 71 mph in a 35 mph zone on Speedway Boulevard. When pulled over, Wadsack identified herself as a senator and told the officer she was “racing home” because her car’s battery was low. The officer did not issue a citation at the time due to Wadsack’s claim of legislative immunity, which protects lawmakers from arrest or legal action while the legislature is in session.

She said low battery was why she was going at double the safe and prudent speed limit, which makes absolutely zero sense.

A low battery actually means she should have been going slowly to get more distance. Anyone who has watched an EV battery drain rate just a couple times knows this basic math.

Again, she literally thought the laws of physics didn’t apply to her because… magic fascist dust sold to her by Tesla.

Moreover, Tesla has notoriously lied about battery range. So her claim (if anyone actually believed her lies) basically would mean Tesla owners will be speeding unsafely all the time due to intentional design flaws. Genius! “Officer I have to break the law of the land because Elon Musk told me the laws of nature aren’t real.”

To make matters worse, when the Police later tried to explain to this “legislator” how real law and order works, she claimed that the simple act of rule enforcement is political persecution of whites.

If anyone believed her nonsense, they would probably also be in opposition to even the most basic theory of law and order (e.g. they would be fascists planning to overthrow government and remove all rules, in order to replace it with a white male dictator making all the decisions including special immunity).

When you read the case details, and look carefully at what she is really saying about solitary political individuals rising magically above the law, it seems she actually should be charged with treason among other crimes.

She’s now purportedly living in one of her campaign donors’ homes, which is a mile inside Legislative District 17 and fulfills her statutory duty to live in her district. Her family home is in a Democrat-heavy district where Republicans stand little chance of winning.

She had allegedly falsely claimed her home was targeted by anti-fascists (which tends to be an admission of fascism). Why did she make such provably-false claims? The victimization propaganda was only needed to cover-up her targeted move to a temporary apartment in a new district, to qualify for a plush non-job in government, which she then got caught criminally speeding towards.

She literally intentionally broke campaign laws using false claims of victimization, planning for her Tesla to facilitate it with more law breaking.

Without fraud there would be no Tesla.

And without the push-button Tesla this white supremacist anti-democracy politician would not have been so egregiously breaking so many laws.

In related news, from just after the Civil War, the U.S. President said he himself should accept a speeding ticket because the rule of law matters, especially laws of nature.

Grant seems to have been skeptical as to whether he could be legally arrested but took these episodes good naturedly. He accepted the judgment of the courts when fines were levied against him.

One of the most brilliant minds and best leaders in history, the lessons of President Grant should mandatory learning in American schools. He ended the Civil War, and then he upended patronage by chasing corruption, created civil rights, the national parks and the department of justice. He represents everything that these lawless Tesla owners hate — social good, effective governance and accountability.

Tesla FSD 12.4 Worst Version Ever: Still Can’t Deliver Even 2016 Promises

People have finally caught on to the Elon Musk fraud, like the rapid end of Frank Abignale, and seem just tired of being defrauded, instead of justifiably angry or vengeful.

Note the tone of this new report:

…the aggression of 12.4.3, followed by the vague promise of future improvement with “more data,” it just feels too familiar. Tesla announces an update with an unfalsifiable, absurd claim about “a giant leap” forward.

Reviewers film it slamming into curbs or driving the wrong way down public roads with pedestrians nearby, and say they are impressed by its promise, if only Tesla could iron out the “edge cases.” A new update drops, and the last issues are fixed. But seven new issues crop up, which will be gently noted in videos from fully bought-in “reviewers,” and the cycle repeats.

Fraud.

Without fraud there would be no Tesla. And the latest FSD has now been verified as significantly worse, a danger to society, unable to even deliver on the promises of 2016.

That’s the state of FSD in 2024. The technology is still not legally self-driving. It is still 100% on the driver if something happens. It is still unable to make good on promises Musk made in 2016, like the claim that it would be able to drive anywhere in the country with no one inside by 2018. By the end of 2020, there were supposed to be 1 million robotaxis on the road. By 2024 there were actually zero.

And so, what is anyone going to do about the Abignale of cars? Why is this cycle allowed at all, let alone set to repeat? Where is the FBI on this? Too busy propping up Crowdstrike?

Tesla Hit-and-Run Kills Small Child, and Yet Another Pedestrian Killed

The Dawn Project keeps reporting that Tesla “runs down children” on the road. That truth doesn’t seem to stop Tesla from selling cars to the kind of people who would run over a child and then flee.

And so in the news now we have tragic stories like this one:

The Oklahoma Highway Patrol responded to a fatal collision in the northbound and southbound lanes of I-35 that resulted in the death of a small child. […] The passenger came to a rest in the southbound lanes of I-35. An unknown black Tesla struck the passenger and after coming to a brief stop, fled the scene driving southbound.

In related news, another pedestrian was just killed by Tesla.

Around 2:35 p.m., callers reported that a man had run onto the freeway and was struck by a white Tesla just north of Birmingham Drive…

As dear readers of this blog may recall (hi mom!), I’ve said for many years now that Tesla would increasingly kill pedestrians.