51–60 of 185 posts
The car industry caught up and Tesla is no longer the best electric around. It was just a matter of time on when their valuation would tank.
It's the quarter and year end, remove "Tesla shares tank" from the headline and it'd be true for all car manufacturers. Add "Tesla" and BOOM, instant viral article.
It's the quarter and year end, remove "Tesla shares tank" from the headline and it'd be true for all car manufacturers. Add "Tesla" and BOOM, instant viral article.
So wait, does this mean Tesla are finally making cars faster than they can sell them?
The discounts are happening because of the Inflation Reduction Act that take effect in 2023. The IRA would give a $3500 tax credit for purchasing an EV, like Tesla Model Y.
It takes about ~6 months for people who order a Tesla to get it delivered. For people who ordered in June, they want the IRA tax credit so many considered cancelling or delaying taking delivery until 2023.
This Tesla incentive is to make those people take delivery in 2022 Q4 so that quarterly earnings report would smooth out, instead of dead Q4 and huge spike in Q1 2023.
Edit: my parents are taking delivery this week and are now super happy. They considered cancelling a few weeks back knowing their delivery date was 1 week before 2023.
Refs: https://finance.yahoo.com/news/tesla-offers-discount-car-mod...
Earlier quoted context omitted.
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.
Earlier quoted context omitted.
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?
It's believable that some advisor thought it was a good idea to try, but also what if he did? Everyone remembers the bus thing in any case.
As a tech worker myself I don’t want to support him at this moment either. I don’t like him for what is doing with Twitter drama.
Earlier quoted context omitted.
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?
Tesla:
- Market cap: $392.78 billion
- Q3 units sold: 343,000
VW Group:
- Market cap: $70.98 billion
- Q3 units sold: 2,181,300
Obviously they are slightly different companies, Tesla sell solar and battery storage products. And VW Group have brands that sell to a part of the market that Tesla hasn't entered yet.
However there is no way to look at those numbers and make it work. If you go with a market cap to sales ratio, Tesla investors and projecting sales of over 12 million per quarter to match VW...
On VW, they have nearly reached 7% BEV sales, steadily growing. And those cars are well reviewed.
Teslas "moat" is shrinking.
Model 3 is overpriced As a tech worker myself I don’t want to support him at this moment either. I don’t like him for what is doing with Twitter drama.