Porsche Profits Fall 99% as CEO in Crisis Mode
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Top Comments (10)
Literally every car company decided, "hey lets move 'up market' and just sell to rich people" And now literally every car company is like where are the buyers !?!?!?!?!?
Who would have thought that raising prices by 50%-100% over 5 years would be a terrible idea
People just can't afford a proper midlife crisis any more.
Profits fall 99% but CEO's salary still increases.
The price of cars are going up while the economy is going downhill 😂
EV buyers are not, by definition, heritage buyers. Porsche assumed they were the same market, instead of two different ones. Strategic mistake.
When you price cars so high people eventually forget you exist
Thanks for watching! Quick clarification. In the intro, I mentioned Porsche was known for their "stability" and to summarise the financial issues for brevity, I later mentioned that they had "dips along the way". But I should have elaborated the financial history a bit more as I can see why this can be viewed as mischaracterisation. Thanks for pointing this out (as always) and thanks for the support in 2025! If you're reading this, I hope you have an incredible Christmas and New Year's. Cheers, have a good one.
99% decline in one year is less "the world is changing" and more "we tried to chase trends and stepped on a rake"
I’m laughing picturing “affordable” Porsches
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Top Comments (10)
Literally every car company decided, "hey lets move 'up market' and just sell to rich people" And now literally every car company is like where are the buyers !?!?!?!?!?
Who would have thought that raising prices by 50%-100% over 5 years would be a terrible idea
People just can't afford a proper midlife crisis any more.
Profits fall 99% but CEO's salary still increases.
The price of cars are going up while the economy is going downhill 😂
EV buyers are not, by definition, heritage buyers. Porsche assumed they were the same market, instead of two different ones. Strategic mistake.
When you price cars so high people eventually forget you exist
Thanks for watching! Quick clarification. In the intro, I mentioned Porsche was known for their "stability" and to summarise the financial issues for brevity, I later mentioned that they had "dips along the way". But I should have elaborated the financial history a bit more as I can see why this can be viewed as mischaracterisation. Thanks for pointing this out (as always) and thanks for the support in 2025! If you're reading this, I hope you have an incredible Christmas and New Year's. Cheers, have a good one.
99% decline in one year is less "the world is changing" and more "we tried to chase trends and stepped on a rake"
I’m laughing picturing “affordable” Porsches