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

Post by whttheuuu » Thu, Apr 25, 2019, 7:25 AM UTC

jaabe wrote: post #330

sytelus wrote: post #295

Earlier quoted context omitted.

I'm still trying to figure out the root cause. Is it because, production is not keeping up to demand? Or is it because demand is dying? So far it seems former, not later. Some analysts are saying random things like impact of tax credit and competition coming in to EV market. I still don't see anything close to Tesla offering in EV space, at least in US. They really need to focus on offering EV at $18K price point wit…

EV are still too expensive and Tesla ridiculously so. That’s not a problem if you can’t keep up with demand, but competition creeps up. Why would you buy a Tesla when you can buy a Hyundai Kona for a lot less? We need better leadership though. I live in Denmark where EVs aren’t very widespread because of taxes. In Norway more than half of new vehicles sold are EV. Norway has more money than us, but they didn’t really…

Post by whttheuuu » Thu, Apr 25, 2019, 7:26 AM UTC

ckastner wrote: post #361

Well, I guess that explains the Autonomy Day [1] event from just two days ago where they presented themselves as the Pack Leader, when everyone else knows it's Waymo (by far). Quoting user RivieraKid [2]: Take a moment and think about why are they doing this event now. Elon is setting a stage for a capital raise, he's pitching the autonomy narrative after the Model 3 cash cow narrative failed. They're trying to convi…

Post by whttheuuu » Thu, Apr 25, 2019, 7:30 AM UTC

dwighttk wrote: post #225

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.

If anyone with money believed a word of what Elon mumbled on Autonomy Day the stock would have moved up. (It didn’t)

Post by sliken » Thu, Apr 25, 2019, 7:31 AM UTC

Brakenshire wrote: post #376

sliken wrote: post #365

Earlier quoted context omitted.

I suspect it would be a total loss. But rationally it seems like a really unlikely thing to happen. Tesla just made a $920 million payment in March, they have a 20% gross margin, and have $2.2B cash on hand. Sure they may have to slow their growth, or take out another loan, but Tesla is hardly at the brink of bankruptcy. There are some serious competitors targeting the model S and X coming, although none I've heard c…

> But the model 3/Y competition in the $40k to $60k range is looking significantly more sparse, especially with similar range. E-tron Q4?

Post by pbreit » Thu, Apr 25, 2019, 7:32 AM UTC

golfer wrote: post #190

azinman2 wrote: post #177

Earlier quoted context omitted.

Apply bankruptcy and sell the assets for cheap... Id imagine many would want to pick up the remains...

Specifically what remains? They are basically the only OEM pushing self driving without lidar. Their manufacturing facilities are childish compared to other large automakers. Solar City, powerwall, and the solar roof are huge money losers and barely make a dent in the P&L statement. Maybe just the brand name? But will the brand have the cache once it suffers bankruptcy? Maybe it will.