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Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

nytimes.com

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Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#61

Post by pasiaj »

danappelxx wrote: post #30
DamnYuppie wrote: post #10

I see this trend continuing for Tesla. Aside from Musk's leadership, which is very polarizing, I don't see their cars as being very compelling compared to the upcoming offerings of Audi and Porsche. Tesla isn't really competing against Ford/Chevy/Honda/Toyota. Instead they are competing against BMW/Mercedes/Porsche/Audi. By comparison Teslas seems like a toy compared to those other brands so I will gladly wait and gi…

The profit margin is a lot thicker in the luxury car market. It's a lot harder for Tesla to compete with economy vehicles produced by Ford/Chevy/Honda/Toyota since they have established production lines and can out-produce and out-price Tesla.

The trade-in value of Tesla is very low in Finland. If you want to upgrade your model, Tesla has been offering 70-80k € trade-in value for a 6 month old 135k€ Model S.

This means that those who upgrade their vehicles often will not even consider a Tesla.

In Finland, at least, they are forefeiting one of the biggest groups of luxury car buyers.

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#62

Post by moduspol »

epistasis wrote: post #42
DamnYuppie wrote: post #10

I see this trend continuing for Tesla. Aside from Musk's leadership, which is very polarizing, I don't see their cars as being very compelling compared to the upcoming offerings of Audi and Porsche. Tesla isn't really competing against Ford/Chevy/Honda/Toyota. Instead they are competing against BMW/Mercedes/Porsche/Audi. By comparison Teslas seems like a toy compared to those other brands so I will gladly wait and gi…

I've never been super convinced by Tesla even after test driving, and was fairly happy with my German made car. But I had to make a change recently for a family-friendlier car and wanted electric now so got a Model 3. Now, I'm fully convinced by Tesla in every way and am never ever going back to dealerships. The car, the service, the people, all of it is on a whole higher plane of satisfaction. It feels like the tran…

> The car, the service, the people, all of it is on a whole higher plane of satisfaction. It feels like the transition from a flip phone to an iPhone in 2008.

Same here. This is how I describe it to other people.

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#63

Post by hi5eyes »

cameldrv wrote: post #7

It was fairly obvious that this was going to happen when they announced their "Investor Autonomy Day" a couple of days before earnings. Get people thinking about the long term rather than this quarter.

musk does the whole tesla pump before everything, go through his twitter/tesla blog posts

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#64

Post by Geee »

DamnYuppie wrote: post #10

I see this trend continuing for Tesla. Aside from Musk's leadership, which is very polarizing, I don't see their cars as being very compelling compared to the upcoming offerings of Audi and Porsche. Tesla isn't really competing against Ford/Chevy/Honda/Toyota. Instead they are competing against BMW/Mercedes/Porsche/Audi. By comparison Teslas seems like a toy compared to those other brands so I will gladly wait and gi…

Tesla is years ahead and is innovating faster, so how can they catch it? For example Audi E-tron has just 200 miles of range vs. the new Model S with 370 miles with a same size battery.

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#65

Post by redindian75 »

cmer wrote: post #31
DamnYuppie wrote: post #10

I see this trend continuing for Tesla. Aside from Musk's leadership, which is very polarizing, I don't see their cars as being very compelling compared to the upcoming offerings of Audi and Porsche. Tesla isn't really competing against Ford/Chevy/Honda/Toyota. Instead they are competing against BMW/Mercedes/Porsche/Audi. By comparison Teslas seems like a toy compared to those other brands so I will gladly wait and gi…

I think pretty much every single person who owns a Model S/X would tell you that they're never going back to the old German crew. Tesla enjoys the strongest brand loyalty of any car manufacturer. Apple-like loyalty. Tesla doesn't feel like a toy, it feels like the future. They're years ahead of everybody else in terms of tech that is usable today.

Had 2 BMWs before my Model3 LR. Never going back.

Briefly thought of BMW i3, but once I tested Model3 & played with its Autopilot on stop/go commute - Teslas are years ahead of the game. Best part is, they can only get better.

- The very thought of dealership, auto repair shops feels very old now. I had a problem with my left indicator stalk, booked an appointment in the same Tesla app, a mobile mech pulled up, took out the whole driving wheel unit and fixed it on the spot.

- They have bi-monthly, monthly updates (feels like our software dev 2 week sprints) where they release NEW features, yes, brand new features... not just bug fixes or improvements.

The Model3 body feels like a frame-housing with an ever improving hardware/software under it to constantly make it better n better.

It feels like the iPhones vs Nokia smart phones debate in 2010.

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#67

Post by astrodust »

danappelxx wrote: post #30
DamnYuppie wrote: post #10

I see this trend continuing for Tesla. Aside from Musk's leadership, which is very polarizing, I don't see their cars as being very compelling compared to the upcoming offerings of Audi and Porsche. Tesla isn't really competing against Ford/Chevy/Honda/Toyota. Instead they are competing against BMW/Mercedes/Porsche/Audi. By comparison Teslas seems like a toy compared to those other brands so I will gladly wait and gi…

The profit margin is a lot thicker in the luxury car market. It's a lot harder for Tesla to compete with economy vehicles produced by Ford/Chevy/Honda/Toyota since they have established production lines and can out-produce and out-price Tesla.

It's even harder to compete when their production line is such a shambles. They tried to automate everything, which cost a fortune, and utterly failed at it because it turns out it's both stupidly hard and ridiculously expensive.

They were the first mover, and as is the case with racing, being first means others can draft and pass you.

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#68

Post by bduerst »

LeoPanthera wrote: post #6
impostervt wrote: post #3

Short sellers must be gleeful. https://www.latimes.com/business/autos/la-fi-hy-tesla-short-...

After hours trading is mostly flat. So probably not.

The price is already at a 12 month low, hard to speculate just how much lower it will go.

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#69

Post by rossenberg79 »

haxton wrote: post #13
hashberry wrote: post #8

> Mr. Musk, who had previously said the company did not need more capital, indicated that he had changed his mind because Tesla was now in a position to use capital more efficiently. This concluding paragraph contradicts a quote in the middle of the article that explained the loss is due to inefficiency ("spiking costs for obvious strategy missteps really drew blood at the bottom line"). NYTimes journalists enjoy mak…

I'm no fan of Musk's, but it's so disingenuous and discrediting to say things like that. Musk very clearly did _not_ get stoned with Joe. Taking a puff off of a joint is akin to taking a drink or two of beer. You're going to have much more of a placebo than anything. There's no reason to lie to make Musk look stupid. He's doing that plenty well himself.

First people ignored Elon Musk. Currently they are laughing at him, but eventually they will start fighting him.
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