Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Tesla shares tank after U.S. discounts doubled on key models

reuters.com

Post reply on HN
Print view View original

41–50 of 185 posts

Re: Tesla shares tank after U.S. discounts doubled on key models

#41

Post by jacquesm »

mschuster91 wrote: post #23
dehrmann wrote: post #15

Earlier quoted context omitted.

To be fair, Twitter was treading water before Elon got involved.

Agreed, but literally everything else would have been a better option than letting Musk of all people buy it. It's been a bad run for everyone involved: a lot of the people who built and ran Twitter are without a job, those who had to stay (H1B) are ruthlessly exploited now, Musk has lost a ton of his net worth because of TSLA tanking, TSLA investors lost a ton of money as well, and society didn't benefit from the re…

And the people that spent a decade or more curating their presence on Twitter are out of luck as well because this buffoon is wrecking it.

Re: Tesla shares tank after U.S. discounts doubled on key models

#42

Post by threeseed »

dehrmann wrote: post #15
swarnie wrote: post #10

[flagged]

To be fair, Twitter was treading water before Elon got involved.

No it wasn't.

Twitter was on track to profitability after years of slowly building good will with advertisers and regulators.

Then Musk saddled it with billions of debt, fired all the brand safety and policy people and dismissed advertiser's concerns. So they have paused their ads and redirected spending back to Facebook/Google.

Which is why it is such a perilous state now. Collapse in revenue, extra billion a month in interest repayments and regulators hovering around.

Re: Tesla shares tank after U.S. discounts doubled on key models

#43

Post by bell-cot »

moomin wrote: post #12
hervature wrote: post #7

Earlier quoted context omitted.

Because the "current" price is always warranted based on supply and demand. If supply > demand, economics 101 says the price is too high.

It _could_ be good news for Tesla, in that it means they can actually sell to all of their potential customers. Being supply-side constrained is usually a bad thing for a stock’s share price. Mind you, something’s inarguably up with the share price, even if it isn’t as simple as this discount.

_Could_ be good news, yes...if Tesla's share price was not at "assume they can still grow their market share 10X, plus enjoy 10X the industry-average per-vehicle profits indefinitely" heights.

As is - the discounts bear a disquieting resemblance to cold facts contradicting those optimistic assumption.

Re: Tesla shares tank after U.S. discounts doubled on key models

#44

Post by kennyadam »

FireBeyond wrote: post #29
tromp wrote: post #25

Earlier quoted context omitted.

Somewhat confusing considering that Tesla Model Q is one of the rumored names for the new cheaper compact model (aka Model 2). https://topelectricsuv.com/news/tesla/tesla-model-2-design-d...

Musk has a habit, a la Boris Johnson, of "snowing" search results that are likely to be unfavorable with his own (Johnson made a big show of repeatedly talking about "painting wine boxes to look like buses" to distract from a campaign issue about Brexit and contentious claims painted on buses). "Did you mean Tesla Model Q?", might say Google in the future, when someone looks for Tesla Q. https://www.wired.co.uk/artic…

I've never been particularly convinced of the whole "he says he paints buses so that the brexit bus is pushed off Google" thing. It seems like the sort of thing that sounds right, so everyone starts repeating it, but really, is there any evidence at all?

Re: Tesla shares tank after U.S. discounts doubled on key models

#46

Post by oatmeal_croc »

bell-cot wrote: post #35
geewee wrote: post #26

Oh wow, I read this headline as Tesla unveiling a new tank after some sort of military discount was created. First cybertruck, now.. cybertank?

With a problematic "Full Self-Fighting" option.

Looking at current state of FSD, it'll probably end up shooting itself.

Re: Tesla shares tank after U.S. discounts doubled on key models

#47

Post by johnny22 »

jacquesm wrote: post #22
Tanoc wrote: post #16

Earlier quoted context omitted.

It's a used but not common practice in the North American car market. Toyotathon happens in December in order to dump old stock and increase sales during the last possible part of the year. Same with the December To Remember sales event from Toyota's luxury arm Lexus. Ford and GM don't usually engage in this unless they're axing the model anyways (Pontiac Solstice and Ford Taurus for example). Happy Honda Days is the…

Do their stocks respond in a similar way?

considering how regular those events are, probably not. Tesla doesn't seem to have an established "normal" yet, so it is likely to be more volatile.

Re: Tesla shares tank after U.S. discounts doubled on key models

#49

Post by mlindner »

jsemrau wrote: post #40
bamboozled wrote: post #4

Earlier quoted context omitted.

What does this have to do with anything sorry ? If the current price was warranted why would the price be lowered regardless of the output ?

There is an assumption that Tesla has peaked as competitors are successful in gaining market share. Rivian's successful of Amazon launch [1], Lucid is starting in Europe [2], and NIO is opening up in Europe. Is Tesla, given that scenario, really a 372B company (as of Dec 23rd) or rather a 45B company like Ford and GM? [1] https://app.finclout.io/t/9Q2MQ8d [2] https://app.finclout.io/t/mOaRRwY

A generally unfounded one as Tesla has always done discounts/pushes of various sorts at the end of quarters and especially at the end of the year.

Re: Tesla shares tank after U.S. discounts doubled on key models

#50

Post by x0x0 »

jsemrau wrote: post #40
bamboozled wrote: post #4

Earlier quoted context omitted.

What does this have to do with anything sorry ? If the current price was warranted why would the price be lowered regardless of the output ?

There is an assumption that Tesla has peaked as competitors are successful in gaining market share. Rivian's successful of Amazon launch [1], Lucid is starting in Europe [2], and NIO is opening up in Europe. Is Tesla, given that scenario, really a 372B company (as of Dec 23rd) or rather a 45B company like Ford and GM? [1] https://app.finclout.io/t/9Q2MQ8d [2] https://app.finclout.io/t/mOaRRwY

I think Tesla gifting the pickup truck market to Rivian and Ford w/ their Lightning is one of the biggest own goals in a long time.

And I think Tesla should worry less about Lucid, etc than Volkswagon working out the kinks in their id.4 (what a terrible name that is), and Toyota's revamped Prius, which looks like a very appealing bridge car that can still use gas on road trips.

Post reply on HN