281–290 of 774 posts
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What is your definition of earnings? Because Toyota's net income far exceeds Tesla's
Earnings are profit (i.e. revenue less costs). https://www.investopedia.com/terms/e/earnings.asp
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Tesla made more money last quarter than Ford, GM and Toyota. Toyota made 10x the number of cars as Tesla. Tesla is growing vehicle production 50% YoY, while growing profit even faster (having barely hit economies of scale yet). Tesla has a backlog of orders approaching a year in many regions. Everyone else is losing money on their EVs and can't make them in volume production, can't find the batteries for them, becaus…
> Tesla made more money last quarter than Ford, GM and Toyota. Net income was higher for Toyota - almost double that of Tesla.
As always, when things crash it's the best time to read the comments
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RIF is an industry standard term with a long history. The problem isn’t others speaking unclearly. It’s assuming others are in the wrong rather than being happy to learn something new.
This issue is that the audience of HN isn't limited to industry veterans.
No harm or shame in not knowing it--lucky 10,000 and all that--but taking a chance to learn over blaming others would be my choice.
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> It bears repeating that there is no "what the house is worth" in the abstract. No, but there is a 'what was selling price for similar homes in this area' price in nearly every specific. Listing prices are intentially set to be much lower than selling prices. Selling prices are the real prices, listing prices are fiction. People paying 20% over listing usually means that listing was 20% under selling. Boring! And no…
> Listing prices are intentially set to be much lower than selling prices. Selling prices are the real prices, listing prices are fiction I feel like this is only true in irrational housing markets, or at least those that have a chronic undersupply of housing . In my local non-insane market I went through two different purchases where I successfully bid less than asking. That's gone since the pandemic though since ev…
During a buyers market, prices usually approach the list or go under.
This reflects the fact there is how much the house is worth to the seller, and how much it is worth to the buyer, and neither of these are the sale price.
This has been a long time coming. Back in the day, there was an inherent understanding that a stock price is supposed to reflect "the fundamentals" - present value of the company + future earnings. And of course there was some amount of speculation around future earnings, but for the most part companies at least tried to be profitable. But if you look at the share price of like, Tesla - it's completely insane. There…
Over a long enough time frame the stock market and even the whole economy behaves like a pyramid scheme as it is dependent on new generations to be more people than the previous one.
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Thanks, I wish people could speak clearly.
RIF is an industry standard term with a long history. The problem isn’t others speaking unclearly. It’s assuming others are in the wrong rather than being happy to learn something new.
This has been a long time coming. Back in the day, there was an inherent understanding that a stock price is supposed to reflect "the fundamentals" - present value of the company + future earnings. And of course there was some amount of speculation around future earnings, but for the most part companies at least tried to be profitable. But if you look at the share price of like, Tesla - it's completely insane. There…
https://www.mbusa.com/en/vehicles/class/eqs/sedan https://www.tesla.com/modelx
That is the future of Tesla. Increasing competition by better products offered by manufacturers with far more experience in manufacturing vehicles, and far superior dealership, service, and parts networks.
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That is "the market" working for you! We could allocate resources to productive assets by fiscal spending, but that is prevented by politics. Only when "the market" gets its cut can any infrastructure be built in the US. That's also true for much of the medical establishment and pension/retirement systems. If the market was efficient, we wouldn't be complaining about it. Unfortunately, a "free market" and an efficien…
What sucks is that fiscal policy, ie government spending, is also often not very efficient. Even when rampant corruption doesn’t destroy efficiency, crushing bureaucracy or just plain incompetence will. (Is the DMV a model of efficiency?) So you need a smart balance. And you need competent, honest people in both business AND government. I don’t think that government necessarily is inefficient. The DMV could be a very…
The problem with the above is it weakens democratic institutions by removing the exercise of power from the people the population select to lead.
Inefficiency to me can not possibly be more clearly demonstrated than by ape pictures losing hundreds of thousands of dollars for their purchasers. But we also have examples like Uber spending cash on hand to drive competitors under without having a plan to maintain their own services without heavy subsidy.