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Tesla Q1 2021 Results

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Re: Tesla Q1 2021 Results

#81

Post by TomVDB »

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 ?

Let's not forget impossibly advanced German car user interfaces, such as trackpad to gesture individual characters to spell a word!

Re: Tesla Q1 2021 Results

#82

Post by linsomniac »

jocker12 wrote: post #76
nickik wrote: post #74

Earlier quoted context omitted.

If the whole market declines but your share of the overall market raises and you overtake everybody else in that market that is clearly an achievement. Given that this is literally the first mass market car by Tesla, achieving leading sales globally over comparable products by BMW and Mercedes is clearly pretty important. And as they said, they hope Model Y will hopefully be the best selling vehicle globally next yea…

Selling more of the less selling cars is not an achievement by any means. All the other companies are changing production towards different other categories, but the “achievement” Tesla wants their shareholders to be happy about is that they sell more of the cars less and less people are buying. If you sell more horses worldwide out of the “four legged category” it has no relevance as long as less and less people are…

I'm not sure one years data point makes for a trend. Especially not 2020.

I have no data to back it up, but it seems likely that the people who can afford a luxury car are also the people that could afford to stay home during the pandemic. Personally, I'm finding it hard to justify a new car when I'm 6 months overdue for an oil change and not even at half the miles. :-)

Re: Tesla Q1 2021 Results

#83

Post by jgalt212 »

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.

more importantly, why is it in any economic to install solar cells on a home instead of at scale on a solar farm?

Re: Tesla Q1 2021 Results

#84

Post by [deleted] »

Shadonototro wrote: post #73
Kranar wrote: post #57

Earlier quoted context omitted.

Revenue doubling over 3 years isn't mega growth? Tesla isn't some start up that just IPO'd, it's one of the world's largest companies. Very few companies manage to double revenue in 3 years. So you might next claim that revenue only doubled but stock price 10x'd over that time period. Well the reason is pretty simple, an investor who buys Tesla before its revenue grows will enjoy a better return on their investment c…

It helps when you have the global media in your pocket

[deleted]

Re: Tesla Q1 2021 Results

#85

Post by spoonjim »

jocker12 wrote: post #33
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.

This is a very tricky presentation of the larger image. The document mentions the "Premium Sedan" category market, not the entire market. So looking at the Premium Sedan market share in the US (which is arguably the most important market in the world) the numbers show a 1% decline in sales for 2020 - "The midsized car segment continues to lose share in the US car market in 2020. Sales were down 22% in an overall mark…

A company founded in 2003 on an entirely different concept of automobile propulsion has taken the lead in a multi hundred billion dollar market. Hell yes that’s an achievement and it doesn’t need scare quotes.

Re: Tesla Q1 2021 Results

#86

Post by api »

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.

Even if Tesla eventually failed, this is an achievement. They've fully validated the EV market. I highly doubt that we'd be seeing accelerating EV adoption like this without Tesla.

Re: Tesla Q1 2021 Results

#87

Post by missurunha »

1970-01-01 wrote: post #58
jccooper wrote: post #40

Earlier quoted context omitted.

Presumably because price is basically per kW, and installations can vary significantly in size?

They only offer 4 sizes. They could break it down by # of installs per size: https://www.tesla.com/support/energy/solar-panels/going-sola...

It makes no sense to break down the value of installed capacity that everyone will understand into four different meaningless values.

Re: Tesla Q1 2021 Results

#88

Post by arcticbull »

Plough_Jogger wrote: post #5

One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings

This is a pretty big pivot from:

  "You can now buy a Tesla with Bitcoin... Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency"
Turns out it will in fact be converted to fiat currency while Elon continues to pump his bags on Twitter.

  "What does the future hodl?"
In any other asset class this would be blatant, illegal market manipulation.

I believe this is what you call the ol' pump-n-dump.

Re: Tesla Q1 2021 Results

#89

Post by feifan »

anonu wrote: post #50

> 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 IM…

I'm not entirely convinced it's a good idea, but one convincing argument I've seen is that sensor fusion is hard and it's not a priori clear which sensor to believe when they provide conflicting information. It's entirely possible that they get better predictive accuracy from vision-only data then in the analogous situations with vision+radar data.
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