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Another thing is the pre 2017 car-pool stickers for electric cars are expiring in the bay area. The newer stickers have income caps of $150k (single filing) or $300k (joint filing). I wonder what the impact will be on Tesla? The first change helps them but the second hurts them.
Wait, what? I was not aware of this. I guess driving in the carpool lane today was not a great idea…
Tesla is definitely hitting the demand ceiling. It's a good thing Musk isn't producing 10000 M3 per week. The current rate of ~4500 per week is enough to meet demand. In fact, expect continuous price drops from Tesla as it struggles to drum up enthusiasm
They're not even really selling outside North America yet, so that's silly. Of course there's a ceiling of expensive cars, they're selling more of them than anyone else, right?
Tesla's marketcap should be at the most 100x Q2 profit. TSLA is definitely over-priced
Another thing is the pre 2017 car-pool stickers for electric cars are expiring in the bay area. The newer stickers have income caps of $150k (single filing) or $300k (joint filing). I wonder what the impact will be on Tesla? The first change helps them but the second hurts them.
Did they give any justification for the change? It makes absolutely no sense to me why you'd put an income cap on that - don't you wan to encourage EVERYONE to burn less fossil fuels, REGARDLESS of income?
Earlier quoted context omitted.
Not sure if you're being sarcastic or not but Musk had become a liability for Tesla for certain. The once "Tony Stark" has had a serious of Twitter meltdowns and absurd business proposals.
lol...he had a spell with some poor choices no doubt, but calling him a liability is a little much. One hopes he learned from his episodes. https://www.cnbc.com/2018/11/19/neil-degrasse-tyson-elon-mus...
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I’m not pro-Tesla, I think they’re horribly mismanaged, but let’s be real. The Model 3 is selling well, and ONLY in the US. Even if they hit peak demand they can just start selling to Europe and China (planned for later this year) and they’ll have plenty of new customers.
It's called Pent up Demand. US is the richest and most car friendly nation of the world. There aren't many countries in the world who can afford a $50,000 car especially when there are poor charging infrastructure.
Regarding charging infrastructure, have you seen this map lately?
https://www.tesla.com/findus?v=2&bounds=76.18385340904877%2C...
The production and delivery numbers they came out with were very good and higher than most had expected. These numbers will allow them another profitable Q4 likely higher than their Q3 numbers. The price cuts are likely to impact margins, but is in line with what Tesla had done with the Model S and X as production efficiencies allow them to reduce manufacturing costs. The reaction looks like a big overreaction as the…
At $50B Market Cap, Tesla should be delivering at least $2B Annual profits. It's clear Tesla has run through higher margin demand. There aren't many people in the world who can afford a $50,000 car. Tesla is a niche market car, but priced as a mass market (like iPhones) product. Expect Tesla's sustainable profit to be around $500 Mil per year and it's share price must be cut in half to justify that
LOL what?
Show me another company with $50B market cap growing at 50% a year on the top line to deliver $2B in profits.
I'll wait.
The production and delivery numbers they came out with were very good and higher than most had expected. These numbers will allow them another profitable Q4 likely higher than their Q3 numbers. The price cuts are likely to impact margins, but is in line with what Tesla had done with the Model S and X as production efficiencies allow them to reduce manufacturing costs. The reaction looks like a big overreaction as the…
At $50B Market Cap, Tesla should be delivering at least $2B Annual profits. It's clear Tesla has run through higher margin demand. There aren't many people in the world who can afford a $50,000 car. Tesla is a niche market car, but priced as a mass market (like iPhones) product. Expect Tesla's sustainable profit to be around $500 Mil per year and it's share price must be cut in half to justify that
When Amazon reached that mark in 2009, their annual profit was slightly over 1B... And the car industry isn't famous for particularly high margins.
> Expect Tesla's sustainable profit to be around $500 Mil per year and it's share price must be cut in half to justify that
There are no such rules for share prices, especially with this kind of revenue growth. Nobody knows where Tesla will be in 5 years but most shareholders expect easily an order of magnitude higher revenues and possibly profits.
Earlier quoted context omitted.
At $50B Market Cap, Tesla should be delivering at least $2B Annual profits. It's clear Tesla has run through higher margin demand. There aren't many people in the world who can afford a $50,000 car. Tesla is a niche market car, but priced as a mass market (like iPhones) product. Expect Tesla's sustainable profit to be around $500 Mil per year and it's share price must be cut in half to justify that
> At $50B Market Cap, Tesla should be delivering at least $2B Annual profits. LOL what? Show me another company with $50B market cap growing at 50% a year on the top line to deliver $2B in profits. I'll wait.
50% profit growth is delusional at this stage
Seems like the bigger issue is that they once again missed their delivery targets, although only by a few percent this time.