771–778 of 778 posts
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No question this is coming. But I think the current car manufacturers are very well positioned to ride that wave. I don’t see much room for startups there.
They’ll mostly go out of business. They’re 7 years behind Model S and staffed with MechE’s not ML researchers.
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Sure. Because no one believes that Tesla is going to reach level 5 autonomy and sell people cars that will make the owners $30K profit/yr. What is odd to me: no one thinks that promising and failing to deliver lvl 5 will hurt Tesla very much.
Really? It seems almost inevitable that they will do it, and be the first to do it as well..
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That was the initial claim. It sounds like they might not actually be turning those off, though.
Seems pretty ridiculous to claim software is needed for heated seats. Usually a hardware setup with a simple switch.
Tesla's 1.5B reduction of cash on hand was largely due to the 920M convertible bond payment — but that only happened because TSLA didn't perform to the level necessary for conversion (~$360 IIRC). I wonder what changes in terms this'll warrant for future capital raises. Then they mention that they missed a lot of revenue due to missing half their shipments overseas, and onto Q2 (But also expecting a loss in Q2). Sale…
This wasn't reported much, but Tesla also expanded their ABL (Asset Based Lending) credit agreement by $500M in March 2019: https://ir.tesla.com/node/19561/html Without that, they would have $500M less cash on hand. They shipped half of their cars in the final 10 days of Q1. Finances must have been pretty tight at the start of March. That was around the time they announced they are closing all stores, firing sales pe…
The Model 3 was a completely different market segment from the Model S, so they could hype the Model 3 to the moon without impacting Model S orders (atleast for a time).
With the Model Y, they can't brag how much better it is than the Model 3 because it will cause prospective Model 3 buyers to wait for the Model Y, rather than buying a Model 3 and Tesla needs Model 3 cash flow to fund the Y program.
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"Why would you buy a Tesla when you can buy a Hyundai Kona for a lot less?" Sorry, but this is just a completely dumb question/statement. People buy 5x the number of Teslas than Konas because they Teslas are much, much more delightful.
> People buy 5x the number of Teslas than Konas because they Teslas are much, much more delightful. Sorry, but this is just a completely dumb statement. The reason Tesla sales are higher is partly because Hyundai literally cannot meet the demand for this car ( https://www.thetruthaboutcars.com/2018/11/hyundai-reassures-... ). Economics is a real phenomenon, and way more people would rather have basic transportation +…
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> My whole argument doesn't revolve around "Tesla says" You wrote in this single reply: Elon wanted...Elon referenced...Elon said...Elon has said...Elon believes... This is the foundation of your argument. Elon also said he was taking Tesla private and had a buyer at $420, and settled after being accused of fraud. Things that Elon says, wants or believes are not facts. That is my point. > Citation needed for it not b…
I'm not going to pick apart your analysis to point out the logic errors because there's enough that I don't have time - I'll just point out an obvious one: My saying "I suppose it's possible you have financial interest in Tesla failing and haven't disclosed that" isn't a "baseless accusation" - which you claim, which then wrongly lets you build your anger and is a bad foundation giving you the argument that I'm being…
Translation: you have no idea what you're talking about.
>I didn't accuse you of such - realize there's a difference between an accusation and brainstorming through possibilities.
Bull. You were implying I was a short-seller with an agenda, just like Elon does to all critics and whistleblowers, just like happens in every Tesla discussion on these boards.
It's hilarious, because the critics are "evil shorts", but the proponents are innocent "good people" who would never talk their book.
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Seems pretty ridiculous to claim software is needed for heated seats. Usually a hardware setup with a simple switch.
The heated seats can be controlled by an iPhone app and various other means. Pretty sure this involves software. I mean sure software is not needed but then you would be in a different car.
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It has both those things. It’s literally devouring market share from similar class vehicles of competitors. The network effect is also happening slowly.
From my point of view Tesla hasn't driven BMW, Audi or Mercedes out of business in the last 15 years, but I didn't take a look at their recent numbers, perhaps they already have.