221–230 of 407 posts
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Did you have time to try to use the remote app to turn the internal heat way up for a while to loosen the ice on the glass?
I did start the car before hand - it sometimes helps. Depends on how severe the freezing is. The sideview mirrors are still an issue though
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Hold market cap constant. Borrow $1 trillion. Burn the cash. Is the company now more or less valuable? By your formula, how has the enterprise value changed?
> Is the company now more or less valuable? More. Normally burning a trillion dollars would have taken about a trillion off the market cap, so if it held steady that means a trillion dollar gain somewhere else.
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> They did not have any disadvantages besides the high price iPhones couldn't run Flash (which powered all of the interactive content on the internet at the time), couldn't send MMS (which was the way everyone shared photos at the time) or run apps (which was how feature phones added functionality at the time). "Why on Earth would anyone want one of those!?" was a pretty common reaction, yet they still sold like hotc…
> "Why on Earth would anyone want one of those!?" That reaction really only came from makers of competing phones. (RIM execs famously refused to believe the battery life was possible, Balmer threw very unconvincing dismissals.) Everyone else was standing in line to buy one.
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> who can compete with Tesla From my seat, that really remains to be seen. The existing companies don't seem to have found a way to compete with Tesla's EVs yet. They may get there eventually, but Tesla has it now. Regarding valuation, one point I read elsewhere is that Tesla does a lot more in-house, which adds to the valuation, whereas the existing companies will buy a lot of their parts and/or contract out work. I…
> The existing companies don't seem to have found a way to compete with Tesla's EVs yet If you look at actual vehicle sales, I'd say this quote is optimistic at best. Tesla is still very much fighting an uphill battle in terms of market share.
https://insideevs.com/news/343998/monthly-plug-in-ev-sales-s...
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I mean, multiple companies have higher quality electric vehicles, but that isn't what sells. The name is what's selling. Tesla's are pretty ugly, they have horrible reliability. You don't buy a Tesla for style, you buy it to show off.
> multiple companies have higher quality electric vehicles When I bought my Tesla in mid-2018 the alternatives were the Bolt and the Leaf. Both had significantly worse range--I was looking at a 180-mile roundtrip commute for the next year, so range was important. Both were uncomfortably small for me. Neither matched Tesla's driver assist features for my almost entirely highway commute. Neither had fast-charging optio…
Oof. The last thing I'd want to add to an already horrible commute is a supercharger stop, or more.
> the falcon doors are actually super convenient (as long as they don't break)
Kinda a pain in the ass in a garage.
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The enterprise value is the value of a company. enterprise_value = market_cap + debt - cash Different companies are capitalized differently - some use all equity, some all debt, some a mix. Not sure I agree that other claim holders represent reductions in the "value of the company". The same company can be capitalized different ways - the enterprise value for that company should be unchanged.
Hold market cap constant. Borrow $1 trillion. Burn the cash. Is the company now more or less valuable? By your formula, how has the enterprise value changed?
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>From my seat, that really remains to be seen. The existing companies don't seem to have found a way to compete with Tesla's EVs yet. They may get there eventually, but Tesla has it now. This somewhat reminds me of BlackBerry. They're basically the only game in town right now, and thus maintain a market advantage. However as larger companies shift to EV's as the technology matures how will Tesla be able to maintain i…
No! No, no, no. This will not happen. It's a total pipe dream. These ancient companies, so set in their ways, who have been incrementally making tiny adjustments to their cars for decades, will never "suddenly leap forward" to come out with something more advanced and more appealing than a Tesla. Tesla isn't the blackberry here, the other car companies are! You're basically the guy in 2008 saying "sure Apple has an a…
Maybe Audi and BMW have to think about what it means to make a competitive EV since their price-points are similar to Tesla's, but VW proper will be pushing EVs at the ~$30k MSRP range. They don't need to be more advanced than a Tesla at that price because there is no significant market of people cross-shopping $50k Teslas and $30k VWs. What these manufacturer's need to do is release electric cars with reasonable ranges, near existing price-points, that look and feel "German Car".
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Right - $300 billion in assets, plus $300 billion in debts means the company is worth: a) $600 billion b) $300 billion c) $0 If you choose anything other than c, I'd love to sell you some businesses.
(B). The company is worth $300 billion to the bondholders, and $0 to shareholders, giving a total value of $300 billion. And that's assuming the company is being liquidated. Most companies with viable businesses are worth a lot more than their assets because the big part of the valuation is assumed future earnings.
But if it was cash and debts instead of assets and debts, the company wouldn't be worth $300 billion to bondholders?
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If you borrow $300 billion you still have $300 billion in assets. Unless something unexpected changes, Ford won't be able to realize that Enterprise value. The number of car companies will shrink, not grow, evs are just the wave over the horizon that will really hurt them. Tesla actually has a chance to drastically grow their sales.
Right - $300 billion in assets, plus $300 billion in debts means the company is worth: a) $600 billion b) $300 billion c) $0 If you choose anything other than c, I'd love to sell you some businesses.
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> "Why on Earth would anyone want one of those!?" That reaction really only came from makers of competing phones. (RIM execs famously refused to believe the battery life was possible, Balmer threw very unconvincing dismissals.) Everyone else was standing in line to buy one.
I think this is hindsight talking. I remember thinking (and hearing): 'Way too expensive' 'I want a tactile keyboard' 'Nice, but I don't need one' and so on.