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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

#61

Post by krapp »

darth_avocado wrote: post #52
photonbeam wrote: post #5

It’s fairly easy to point at things that have annoyed customers that they call features, like missing wheel stalks and poor autowipers

The biggest problem has been that they stopped innovating ever since the CEO decided his focus was needed more on an app he found mildly annoying that he ended up buying accidentally because he couldn’t contain his bravado. Model 3 and Model Y era had the momentum they needed and instead of focusing on expanding to other segments or offering more range of models, they decided they needed an impractical truck. They co…

You really believe all of the innovation at Tesla was being done by Musk? The cybertruck was his baby.

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

#62

Post by amou234 »

PreachSoup wrote: post #57
amou234 wrote: post #50

Earlier quoted context omitted.

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

We were talking about Tesla's profit margin and evaluation in the thread. Not sure if you replied to the wrong post

Ah, your statement sounds like Chinese EVs were inevitable

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

#63

Post by atombender »

gerdesj wrote: post #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 g…

> There is Polestar (from Norway)

Minor correction: Polestar is Swedish. It is co-owned by Volvo and Geely, a Chinese car company, which in turn is an owner of Volvo.

This year, Volvo stopped funding Polestar and has handed responsibility over entirely to Geely [1], and plans to get rid of their stake. So you could say Polestar is now a fully Chinese brand.

Agreed about there being a lot of alternatives now. Other than MG, you can get great EVs from VW, Peugot, BMW, Audi, Kia, Hyundai, Nissan, Volvo, Opel etc., ranging from very cheap (MG4, Opel Mokka) to ridiculously expensive (Lotus Eletre).

[1] https://www.reuters.com/business/autos-transportation/automa...

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

#64

Post by PreachSoup »

amou234 wrote: post #62
PreachSoup wrote: post #57

Earlier quoted context omitted.

We were talking about Tesla's profit margin and evaluation in the thread. Not sure if you replied to the wrong post

Ah, your statement sounds like Chinese EVs were inevitable

The competition is inevitable. It comes from everywhere

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

#65

Post by ProllyInfamous »

sschnei8 wrote: post #11

Steering has gone out twice on a family member’s Model Y. N=1 example but plenty of other companies now make EVs and they do a decent job of it… shedding 29% still leaves the company at an astronomical valuation, ~100bn larger market cap than Toyota.

Toyota will have a greater marketcap than Tesla, by the end of this year.

I just purchased a Camry Hybrid and it is just an incredible driving experience.

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

#66

Post by CamperBob2 »

speedgoose wrote: post #12
photonbeam wrote: post #5

It’s fairly easy to point at things that have annoyed customers that they call features, like missing wheel stalks and poor autowipers

The CEO too. I know a few people who refuse to buy a Tesla because of him. People buy Volskwagen, Porsche, Ford or Renault cars without thinking about the actions of the previous people attached to the manufacturer.

Nobody currently working at VW/Porsche worked for Hitler, and nobody currently working at Ford helped Henry run the presses for his antisemitic pamphlets. So that's a nonissue.

What did Renault's founder do? Hadn't heard about that.

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

#67

Post by bobthepanda »

peutetre wrote: post #31
bobthepanda wrote: post #20

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.

Who else right now manufactures NACS chargers?

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

#68

Post by peutetre »

bobthepanda wrote: post #67
peutetre wrote: post #31

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.

Who else right now manufactures NACS chargers?

All CCS charger manufacturers. NACS is CCS with a different plug on the end. It's CCS type 3.

It's a very simple change for all manufacturers.

Here are interviews with various charger makers:

https://www.youtube.com/watch?v=xbPa6nO6GyM

https://www.youtube.com/watch?v=mfyO-o85U-8

Alpitronic and Kempower make the best chargers.

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

#69

Post by VirusNewbie »

gravescale wrote: post #9

I still have never understood the valuations. Sure, they'd make sense if Tesla ended up being the only game in town, forever. But even though they undoubtedly have been streets ahead in many places for a long time and Western manufacturers have been caught on the back foot, the Asian players are snapping at their heels, and (some of) the Western brands are slowly waking up. And even if they weren't, I don't see how T…

I think the argument for it goes as folllows:

Tesla has more 'self supervised' driving data than any other car brand, so if data is key to making self driving work, they win. You could also see how this is a winner take all monopoly once self driving gets cracked.

Now before I get flamed, I don't own Tesla stock, and no I don't think self driving is just around the corner. I'm perfectly happy with good autopilot though and I think the model 3 is a great mid level car. But yes I think Tesla stock was quite over valued.

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

#70

Post by seanmcdirmid »

peutetre wrote: post #44
seanmcdirmid wrote: post #41

Earlier quoted context omitted.

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.

They are CCS with a proprietary connector (well, soon to be SAE J3400), so it still means we (CCS1 cars) can’t use their chargers without an adapter, even if they let us.
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