It seems Tesla Powerwalls all over the world have been bricked and Tesla have tried to keep it super quiet. Replacing a power wall is $5000 at least, multiplied by 1m is a big hit.
Nobody cares, look at the stock price. It's hilarious. I hope they get hit hard financially
The terrible thing is it won’t even make headlines where it matters
Bold to assume they will replace all the ones they are obligated to.
It won’t, TSLA is the most out of touch with reality stock out there
I believe their Powerwall division is losing money too. Along with Tesla insurance. lol.
Losing money everywhere, Cybertruck, dodgy Powerwall's and car sales eroding.
Leon bank account division is extremely profitable and that’s the only thing that matters.
Popcorn sales at the diner should offset most of those losses.
What if TSLA is actually completely in touch with reality, and that is one of blatant corruption on a one way road to straight up fascism?
The recall affected the batteries from one of their production companies and only the batteries made between 2022 and 2023 so I don’t think it’s that high because during that time nem 2 was still around which means batteries weren’t needed.
What is NEM 2? I'm in the UK.
Net metering. Under nem 1 and 2 the power grid acts as your battery as far as solar credits go.
Finan-what?
How would that affect powerwall sales worldwide? They sold 1m PW2s so 1m may need replacing.
TSLA has been a meme stock from day one. There is absolutely nothing to back the valuation, except idiot fanbois.
Friend’s solar/PW just shut down out of nowhere. 2 months to fix. This could cost 100s of dollars due to Tesla incompetence.
If you had bought a battery that was made from that particular plant between the years of 2022-2023 then you could be affected. The articles have not stated if all of the panels that vendor produced during those years were not to spec. So the number is far less than 1 million since the bad ones only came from one vendor during that one year.
The fun begins when Musk sends an OTA to brick each end EVERY Tesla on the road with a malicious OTA update on his way out from Tesla ;)
Thank god he's not that tech savvy.
It might appear that way but the funds are forced to buy bc indexed and the traders are hedging by buying any stock with large short exposure. They just don't tell you that as they're in the business of skimming. They don't care if it goes up or down. They have hedging specialists and departments for a reason. Tesla will go bankrupt but it'll take 3 or 4 quarters in a row with negative revenue, then it'll be kicked out of sp500 but not nasdaq and there the panic sales will start. The rich will have cashed out by then. The insiders have 2 or 3 month information advantage the dumb bagholders will be regular people. Or tesla fans, much deserved. This is how it will pan out unless massive accounting fraud is being prosecuted or a government intervenes in a radical way.
PE of 252. Falling sales and market share. Reality need not apply.
It seems a recent issue. I imagine the last 3-6m Their battery suppliers will tell them which walls. Remember. Tesla doesn't do shit in terms of batteries or solar.
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