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Tesla stock drops 29% in first quarter as global dominance wanes

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Re: Tesla stock drops 29% in first quarter as global dominance wanes

#41

Earlier quoted context omitted.

With the recent NACS deals they have basically also become the charging network of choice in North America, which is certainly worth something.

With North America slowing working toward a common EV plug and CCS winning the charging standard war, North American EV charging will become more like Europe. Charge any brand of EV on any brand of charging network, just as nature intended. No more vendor lock in.

NACS is winning, not CCS.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#42
post #7
post #4

> Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for the equivalent of $30,408 in China, a price he acknowledged would mean the company is losing money on each sale Isn't dumping banned by the WTO?

Many US companies are also losing money on EV sales. I think dumping is more specific than just losing money you have to be selling in foreign markets for lower prices than you charge locally. “Ford is losing money on each EV it sells” https://www.npr.org/2023/08/11/1193083777/ford-electric-vehi...

Are they losing money on the incremental production, or not selling enough volume to cover development costs?

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#43

Earlier quoted context omitted.

Your friends have a point. Volkswagen to my knowledge isn't currently actively spreading conspiracy theories or boosting the voices of fascists.

Even more importantly from a strictly business point of view, the CEO of VAG isn't telling his engineers to make the customer experience significantly worse to save $50 of parts on a $50k vehicle.

VW is saving money on stupid things on their vehicles. Hard plastics, terrible buttons on the steering wheel, tiny screens and bad sound systems on the default models to invite you to pay more…

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#44

Earlier quoted context omitted.

With North America slowing working toward a common EV plug and CCS winning the charging standard war, North American EV charging will become more like Europe. Charge any brand of EV on any brand of charging network, just as nature intended. No more vendor lock in.

NACS is winning, not CCS.

NACS is CCS. It's CCS type 3. It's why older Teslas can't charge on NACS chargers without a retrofit. They can't talk CCS without upgrades.

Don't get confused by the branding.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#45

Earlier quoted context omitted.

Every time I hear one of you haters, I think the same thing, fyi. The difference is I think about things when they come out and you have your mind set on hating.

People will continue to call you out in this way because when asked "what do you think they do better" you replied with some handwaving nonsense. If you replied with some specific points, ideally quantifiable and backed by data, you would get quite a different response.

This. "Building the future" is just asking for a similarly lazy retort.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#47

Earlier quoted context omitted.

With the recent NACS deals they have basically also become the charging network of choice in North America, which is certainly worth something.

With North America slowing working toward a common EV plug and CCS winning the charging standard war, North American EV charging will become more like Europe. Charge any brand of EV on any brand of charging network, just as nature intended. No more vendor lock in.

The lockin is at the charger level. Fill up with petrol? Drive up, tap your card, fill up. At some places you fill up then go into the shop and tap your card.

Electric? Drive up, work out which of the dozen of apps there are, try to download it, hold your phone in the other hand to try to get a signal, finally download it, then register, sell your personal data, then finally you can try to work out how to charge your car.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#48

Earlier quoted context omitted.

Your friends have a point. Volkswagen to my knowledge isn't currently actively spreading conspiracy theories or boosting the voices of fascists.

There was the whole diesel-gate thing with volkswagen which was pretty shadey.

And the whole Nazi history.

https://en.wikipedia.org/wiki/Volkswagen#History

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#49
"Investors are concerned about auto sales as the company faces increased competition from China and disruptions in Europe."

Tesla have practically defined the market so far. They made EVs cool, created a comparatively vast world wide charging distribution network and so on. Now we have competition, proper competition. Mind you some of it is a bit shag, but nonetheless there is competition, and a lot of it is pretty good.

I drive a thing called a MG4. I went to school in Abingdon near to where the Morris Garage originated. My Dad had an MG Midget, back in the '60s. The car I drive is Chinese, it just has MG plastered on it.

My MG4 (its the extended range version) has comparable range to most of the current crop of EVs and is also comparably cheaper, and somewhat smaller, so less space. Swings and roundabouts. My point is that there is a lot more variety now than say five years ago. There is Polestar (from Norway) and Volvo and ... and.

However, what all the johnny come lately's lack, which Tesla has, is its charging network. They have lost their lead in style and all that S3XY wankery - all the rest can do a reasonable job in looking cool/menacing. They do have a lead in infrastructure and should capitalise on it. I suggest opening it up to everyone and expand as fast as they can possibly manage/acquire.

The real winners will be the energy suppliers. If you can ensure you are the flogger of the hardware that consumes that energy then its win/win. Swallow your pride: partner with everyone and get them to brand their stuff as Tesla.

If Tesla manage to bugger this up (given their head start) then they only have themselves to blame and the market will be merciless.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#50

It's just a matter of time. China is making ev like android phones. Other countries are also catching up. The high profit margin of Tesla cannot last forever

It's not a matter of time, cars and the car industry are treated as national security. Chinese EV cars will be even more tariffed in US and Europe in 2024/2025
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