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Tesla Q1 2021 Results

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Re: Tesla Q1 2021 Results

#41

Post by reader_mode »

halotrope wrote: post #3

Earnings beat but I wonder how this whole mega-growth story keeps being reiterated now despite flat revenue for 3 years. Don't get me wrong, I love Tesla and what they are doing for accelerating the transition to sustainable energy. That company is just priced to perfection.

Tesla is now entirely valued on the "self driving taxi fleet" and "selling self driving software" stories panning out for the valuation to work. If Tesla doesn't get autonomus self driving, or if it gets beat to market by someone, it's got no way to justify valuation.

Re: Tesla Q1 2021 Results

#42

Post by DeRock »

ProAm wrote: post #36
brianwawok wrote: post #28

Earlier quoted context omitted.

Now compare 0-60 and infotainment systems. Is premium how fast the car goes, or how many paint colors it comes in? Different people have different requirements. You are likely paying over 100k to get a car as fast as a model 3.

It's still not a premium car.

Premium is defined by price, not your desired feature set.

Re: Tesla Q1 2021 Results

#43

Post by jcims »

1970-01-01 wrote: post #24

Why is solar deployment measured in MW and not # of installs? It doesn't seem like the best metric for measuring growth.

There are two solar installs going in my county just north of me. One is 5000 acres and one is 3500 acres. If I buy a 10kW system for my house I could increase the number of systems by 50%!

Re: Tesla Q1 2021 Results

#44

Post by towergratis »

ERD0L wrote: post #23
11thEarlOfMar wrote: post #2

"Model 3 was the best-selling premium sedan in the world, outselling long-time industry leaders such as the 3 Series and E Class. This demonstrates that an electric vehicle can be a category leader and outsell its gas-powered counterparts." I find this to be a major milestone in the transition to BEV. This is an achievement.

Model 3 is a premium sedan ? Oh :/ Where are my paint color options, ventilated seats ? What about parts for my local car shop ? Did they forgot the safety features unique to german cars ?

It's in the same price bucket. If in your opinion is not a premium sedan, it's all more impressive.

Re: Tesla Q1 2021 Results

#45

Post by magnusmundus »

halotrope wrote: post #9
DarmokJalad1701 wrote: post #6

Earlier quoted context omitted.

> flat revenue for 3 years ??? 2018 - $21.5B 2019 - $24.5B 2020 - $31.5B 2021 (annualized) - probably $35-$40 B

I stand corrected. Thank you! Still not exactly mega-growth. Especially compared to the share price.

We're used to growth in orders of magnitude in the tech industry, but keep in mind that in the end, this is an automobile company, whose business has side benefits in battery tech. Automotive is a stagnating (and at times shrinking) industry with relatively low margins, again unlike tech. Opportunities for overall growth are rare, as market saturation is quite high. In that environment, a steady 20%+ growth is respectable, to put it very lightly.

Share price is a whole other discussion, of course.

Re: Tesla Q1 2021 Results

#47

Post by pcbro141 »

dubcanada wrote: post #38
pcbro141 wrote: post #7

Do you think Apple regrets not buying Tesla ~2017-2018 when they had the chance, given indications they are working on an Apple Car? Why or why not?

Why would they? They make so much money it's not even funny. Tesla is also a very different beast then iPhones, who knows if it would have been as successful.

For the car and battery engineering experience and factories I guess. But I guess Apple can outsource to a car assembler like Magna or Foxconn instead.

Re: Tesla Q1 2021 Results

#48

Post by asien »

nrmitchi wrote: post #30
asien wrote: post #21

Earlier quoted context omitted.

> I find this to be a major milestone in the transition to BEV. This is an achievement. While I agree it would be great if we had 0 emission vehicles, today EV in US or Germany run largely of coal , hence battery production is anything but green... Thus I still don’t see the point of what’s called « Transition ». Climate change is real , but at the moment without nuclear fusion I fail to see how this is going to chan…

There are a ton of viable and productive energy production methods that at least start to address climate change between where we're at now and "nuclear fusion". Fission may have plenty of issues, but lets not pretend that the entire world is "fusion or bust".

> Fission may have plenty of issues, but lets not pretend that the entire world is "fusion or bust".

Unfortunately , that’s no how it’s work.

Yes fission is great ! France runs on Fission it works greats.

Problem ? In 2015 at the current rate of consumption 130 years of uranium left on earth !

Sadly for us International Nuclear association estimated that if most country shifted to Nuclear that uranium would shift from 130 to just 30 years...

Regardless of how your turn the problem you’ll always end up to the same solution to satisfy the world need for energy :fusion.

Especially if you intend to have EV widely deployed.

Re: Tesla Q1 2021 Results

#49

Post by billh »

asien wrote: post #21
11thEarlOfMar wrote: post #2

"Model 3 was the best-selling premium sedan in the world, outselling long-time industry leaders such as the 3 Series and E Class. This demonstrates that an electric vehicle can be a category leader and outsell its gas-powered counterparts." I find this to be a major milestone in the transition to BEV. This is an achievement.

> I find this to be a major milestone in the transition to BEV. This is an achievement. While I agree it would be great if we had 0 emission vehicles, today EV in US or Germany run largely of coal , hence battery production is anything but green... Thus I still don’t see the point of what’s called « Transition ». Climate change is real , but at the moment without nuclear fusion I fail to see how this is going to chan…

The point of the transition to BEV is that electricity production is fungible. It's easier to modify the mixture of generation sources and to scale into renewables a whole lot faster than trying to modify or convert the drivetrain of an ICE vehicle.

Furthermore, even if renewables do not fully power the BEV, it's easier to filter/capture pollutants at a single point source of generation than it is to try to capture these things across millions of vehicles. It's not just CO2 that's harming the environment, it's also nitrogen oxides, particulate matter, formaldehyde....

Re: Tesla Q1 2021 Results

#50

Post by anonu »

> We believe that a vision-only system is ultimately all that is needed for full autonomy. Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision.

This is a huge gamble IMHO. If you have access to LIDAR and RADAR, why not use them?

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