this post was submitted on 30 Jul 2024
128 points (97.8% liked)

Technology

59381 readers
3029 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.

top 12 comments
sorted by: hot top controversial new old
[–] billiam0202@lemmy.world 48 points 3 months ago (2 children)

Don't worry guys; Tesla is an AI company, not a car company. So car sales don't matter much, right?

Right?

[–] fluxion@lemmy.world 18 points 3 months ago (1 children)

Any moment now your investment in an automated taxi will pay off and you can live off of taxi fares.

[–] AbidanYre@lemmy.world 9 points 3 months ago (2 children)

Who does the passenger's family sue when the car drives them down a railroad track? The owner? Tesla? Elon?

[–] fluxion@lemmy.world 9 points 3 months ago

They get sued by Elon of course

[–] sunzu@kbin.run -2 points 3 months ago

Wasn't the driver supposed to monitor the system under the current law?

What point are you making here?

[–] hark@lemmy.world 6 points 3 months ago

The AI will generate AI (Artificial Income).

[–] HootinNHollerin@lemmy.world 30 points 3 months ago (1 children)

I can’t believe they haven’t booted musk yet

[–] mosiacmango@lemm.ee 24 points 3 months ago (2 children)

Booted? They just voted him a 55 billion dollar bonus.

This is exactly what his investors want apparently.

[–] Buffalox@lemmy.world 6 points 3 months ago* (last edited 3 months ago)

It's so hilarious IMO, by the rate they made money this past quarter, it will take Tesla 10 years, just to earn that $55 billion bonus back.

[–] HootinNHollerin@lemmy.world 1 points 3 months ago (2 children)
[–] eltrain123@lemmy.world 5 points 3 months ago

It did pass and is tied to performance of the company. He doesn’t actually get a 55B bonus. His bonus is in the form of stock, its award is tiered based on revenue-tied performance, and he can’t sell the stock until 5 years after it’s awarded, as to prevent a pump-and-dump incentive structure.

[–] mosiacmango@lemm.ee 2 points 3 months ago