• MangoCats@feddit.it
            link
            fedilink
            English
            arrow-up
            1
            ·
            2 days ago

            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.

            • UnderpantsWeevil@lemmy.world
              link
              fedilink
              English
              arrow-up
              3
              arrow-down
              1
              ·
              1 day ago

              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.

              • MangoCats@feddit.it
                link
                fedilink
                English
                arrow-up
                1
                ·
                1 day ago

                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.

                • UnderpantsWeevil@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  1
                  ·
                  1 day ago

                  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.

  • Netux@lemmy.world
    link
    fedilink
    English
    arrow-up
    30
    ·
    2 days ago

    $800 million worth is giving a lot of value to something they can barely give away. Maybe $800K worth of material after the cost of dismantling.

    • merdaverse@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      2 days ago

      $800 million according to labor theory of value. 0$ million according to subjective theory of value

    • Regrettable_incident@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      2 days ago

      Yeah, a better number would be how much it cost to build the fuckers. I’m assuming they also need ongoing maintenance while they sit around rusting.

    • Lukas Murch@thelemmy.club
      link
      fedilink
      English
      arrow-up
      22
      ·
      2 days ago

      They really should use the number of units. If Musk cranks the price from 80k to 120k, they suddenly have $1.2B sitting there? It’s the same 10,000 ugly-ass pieces of shit.

    • TheOakTree@lemm.ee
      link
      fedilink
      English
      arrow-up
      8
      ·
      2 days ago

      The $800m figure is only useful for figuring out how much Tesla was expecting to make out of it. When you factor in the development and manufacturing costs, they’re hemorrhaging money.

  • Mark@lemmy.world
    link
    fedilink
    English
    arrow-up
    89
    arrow-down
    1
    ·
    3 days ago

    If nobody wants them… they are not worth that amount. simple economics.

    supply and demand…

    • MystikIncarnate@lemmy.ca
      link
      fedilink
      English
      arrow-up
      4
      ·
      2 days ago

      This is exactly right. They’re worthless if nobody is willing to pay what’s being asked.

      So what they’re “worth” is nothing.

    • irish_link@lemmy.world
      link
      fedilink
      English
      arrow-up
      26
      arrow-down
      3
      ·
      edit-2
      3 days ago

      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.

      • Bahnd Rollard@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        ·
        3 days ago

        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.

      • JcbAzPx@lemmy.world
        link
        fedilink
        English
        arrow-up
        24
        ·
        3 days ago

        You could rip the batteries out of them and use them for a solar setup. The rest could be sold for scrap.

        • DahGangalang@infosec.pub
          link
          fedilink
          English
          arrow-up
          9
          ·
          edit-2
          3 days ago

          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.

          • MDCCCLV@lemmy.ca
            link
            fedilink
            English
            arrow-up
            3
            ·
            1 day ago

            There are a lot of videos of the frame cracking from mild outdoor use, which instantly totals the whole vehicle.

      • UnderpantsWeevil@lemmy.world
        link
        fedilink
        English
        arrow-up
        14
        ·
        3 days ago

        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.

      • mrgoosmoos@lemmy.ca
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 day ago

        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

  • SLVRDRGN@lemmy.world
    link
    fedilink
    English
    arrow-up
    35
    ·
    3 days ago

    Can someone explain how the demographic of people who loved to park their gas guzzlers to purposefully block tesla charging stations are now Musk fanboys all of a sudden?

    • ayyy@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      25
      arrow-down
      1
      ·
      3 days ago

      There is only one single core belief in fascism. There must be an “in” group that the state protects, and an “out” group that the state oppresses. There are zero other rules. This means that the definition of the in group is completely arbitrary and fluid based on what helps the strongman at the top. If you ever question the definition of the in group, you are automatically part of the out group.

    • Zabjam@lemm.ee
      link
      fedilink
      English
      arrow-up
      20
      arrow-down
      2
      ·
      3 days ago

      In fascism, there are no opinions. There is only loyalty to the one on top of the hierarchy. When they are told to hate EVs, they hate EVs. When they are told to love them the next day, they love them.

  • BeBopALouie@lemmy.ca
    link
    fedilink
    English
    arrow-up
    23
    ·
    3 days ago

    Strip out the bad stuff and drop them in the ocean and they can become reefs for fishies and their buddies?

  • Tantheiel@lemmy.world
    link
    fedilink
    English
    arrow-up
    20
    ·
    3 days ago

    I wonder if people don’t want the truck because of its design or the association with Elon more.

    • limelight79@lemm.ee
      link
      fedilink
      English
      arrow-up
      5
      ·
      2 days ago

      It’s a novelty vehicle.

      It’s too big for many people. It’s not as functional (in terms of towing and hauling) as a regular pickup. People who buy pickups for business uses are, for the most part, are going to be very nervous about buying an electric vehicle from a relatively new manufacturer.

      Even if you put aside the issues with Elon: The issue with the Cybertruck is that Elon never understood it was a novelty vehicle. The traditional auto manufacturers make these novelty vehicles from time to time, but the difference is that they understand what they’re building and know they’re only going to sell 10,000 or something per year, and probably for a short run.

      Elon’s so far up his own ass that he doesn’t understand why everyone isn’t buying one.

      • Tantheiel@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        arrow-down
        6
        ·
        3 days ago

        I actually really like the look of it. It’s so ugly.

        Also paint. I hate seeing paint chips on my car. I know I can wrap but that’s an extra expense to eat.

        I just can’t see myself buying a new Tesla due to the damage Elon has caused. It’s a shame because my current Tesla is a wonderful car, in my opinion.

        • UnderpantsWeevil@lemmy.world
          link
          fedilink
          English
          arrow-up
          6
          arrow-down
          1
          ·
          3 days ago

          I’m forced to say that some of the wraps and textures added to the vehicles do make them look cool again.

          But I feel like that’s equivalent to saying “Once you drown the turd in whipped cream and cherries, it looks edible.” I mean, fuck, I suppose so. But I know what’s underneath so I’m not touching that spoon.

    • MystikIncarnate@lemmy.ca
      link
      fedilink
      English
      arrow-up
      5
      ·
      edit-2
      2 days ago

      Does it really matter? It’s a shit looking vehicle that can’t drive in the rain if you don’t switch to carwash? Mode? I think?

      The vehicle has so many design oddities, so many manufacturing problems, and it’s associated to one of the least liked billionaires in recent memory, so much so that people in the general public go out of their way to vandalize the vehicle whenever the opportunity presents itself.

      What’s to like about it? Even if you don’t hate Elon, and don’t hate the look/design, the"truck" is a meme at best and a gigantic waste of resources.

  • acchariya@lemmy.world
    link
    fedilink
    English
    arrow-up
    6
    ·
    3 days ago

    I think a few hours with a torch and they would make fantastic dumpsters. Imagine if you could crab walk a self moving dumpster? Genius

  • HugeNerd@lemmy.ca
    link
    fedilink
    English
    arrow-up
    42
    ·
    3 days ago

    “nobody wants” or 60% of Americans can’t afford basic living expenses?

    • octobob@lemmy.ml
      link
      fedilink
      English
      arrow-up
      11
      ·
      3 days ago

      Even if I could afford one, or want one, which I don’t for many reasons, the vehicle is so ginormous that it would be the biggest pain in the ass in the world to drive around my city. Parallel parking? Forget it. Narrow side streets that are the width of a car, but somehow you need to let someone come down directly towards you and it’s not a one way? Bumpy roads full of potholes or worn down to the original brick roads, with the vehicle that’s tires wear out faster than any other due to the sheer weight?

      I think you get the idea

      • dual_sport_dork 🐧🗡️@lemmy.world
        link
        fedilink
        English
        arrow-up
        3
        ·
        edit-2
        2 days ago

        so ginormous

        Tell me about it. The Cybertruck is an inch and some change longer and 8" wider than my ratty full size 1990’s pickup, yet somehow manages to have only slightly over half the usable cargo volume – 42.80 cubic feet vs. 70.7. And I’m being extremely charitable by treating the Cybertruck’s bed area as if it were cubic starting from its tallest point by the back glass, when in fact it’s wedge shaped.

        It also weighs 3269 pounds more (in its lightest configuration) and as we all know by now the Cybertruck’s towing and trailer tongue weight ratings are outright lies. Whereas millions of people have successfully lugged a combined total of billions of tons worth of boats, bikes, lawn mowers, and RV’s with GM and Ford pickups over the decades.

        Even for the use case for someone who “needs” a truck, the Wankpanzer is a moronic choice.

      • HugeNerd@lemmy.ca
        link
        fedilink
        English
        arrow-up
        4
        arrow-down
        6
        ·
        3 days ago

        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.

        • NoSpiritAnimal@lemmy.world
          link
          fedilink
          English
          arrow-up
          15
          ·
          3 days ago

          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.

          • HugeNerd@lemmy.ca
            link
            fedilink
            English
            arrow-up
            2
            arrow-down
            3
            ·
            3 days ago

            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.

            • AmbiguousProps@lemmy.todayOP
              link
              fedilink
              English
              arrow-up
              6
              ·
              edit-2
              3 days ago

              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.

  • RedFrank24@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    ·
    1 day ago

    If the talk about Cybertrucks actually rusting in the rain is true, they will be worth less and less and less…

  • Gates9@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    15
    arrow-down
    1
    ·
    2 days ago

    Time to play…”WHO DO YA BAIL OUT! HUBBA-HUBBA-HUBBA, MONEY-MONEY-MONEY…WHO DO YA BAIL OOOOOUUUUUUUUT?!”