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Tesla releases Q1 2024 deliveries: disastrous results

electrek.co

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Re: Tesla releases Q1 2024 deliveries: disastrous results

#81

Post by zdragnar »

PheonixPharts wrote: post #70
toomuchtodo wrote: post #3

Interest rates and vehicle prices too high, must come down to expand TAM. Future benchmark rate cuts should improve affordability (most people finance and buy a payment), but Tesla will need to navigate burn rate until central bank pivots.

> Interest rates and vehicle prices too high, must come down I'm still a bit surprised how many people, even professionals in the lending space, hold this view that "interest rates must fall!" We're still relatively low for federal interest rate[0]. Near zero interest rates are not sustainable long term and have lead to a tremendous asset bubble we're still just figuring out the consequences of. It's a bit frightenin…

When the price of the car tops out around that of a house in a low cost of living area, low interest rates make the price seem less obscene.

With higher rates than before (and more competition), the price is too high, no matter how you shake it.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#82

Post by alephnerd »

PheonixPharts wrote: post #70
toomuchtodo wrote: post #3

Interest rates and vehicle prices too high, must come down to expand TAM. Future benchmark rate cuts should improve affordability (most people finance and buy a payment), but Tesla will need to navigate burn rate until central bank pivots.

> Interest rates and vehicle prices too high, must come down I'm still a bit surprised how many people, even professionals in the lending space, hold this view that "interest rates must fall!" We're still relatively low for federal interest rate[0]. Near zero interest rates are not sustainable long term and have lead to a tremendous asset bubble we're still just figuring out the consequences of. It's a bit frightenin…

> I'm still a bit surprised how many people, even professionals in the lending space, hold this view that "interest rates must fall!"

Because it's mostly high earning white collar professionals or anyone with at least $100k in liquid assets who benefit from an interest rate drop.

If rates drop significantly, then house sale prices skyrocket again because you can take out larger loans with a smaller down payment, and you can leverage yourself to acquire multiple properties. Same with car sales, and any other luxury good.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#83

Post by voisin »

afavour wrote: post #16
leosanchez wrote: post #5

Earlier quoted context omitted.

What happened?

I’m going to assume that awful Q1 results lead employees to suspect layoffs are on the way. I imagine they are correct.

Maybe not layoffs - maybe more the fact that their stock compensation will plummet in value as it is no longer a hyper growth stock. Also, the consequences of Elon’s misbehaviour has finally caught up with the branding so it is no longer cool to work there.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#84

Post by ein0p »

epistasis wrote: post #29
ddoolin wrote: post #7

This may be related as well, in a smaller way: https://www.reuters.com/business/autos-transportation/would-...

I ask owners of other EV vehicles how they like their car, and >50% of my sample size of ~10 bring up "at least it's not owned by that crazy man" as a big reason as they explain the other deficiencies. (Mostly bad controls, UX, etc. stuff that the Tesla gets right.) I have a Tesla Model 3 right now and it's my favorite car ever, by far, but I also will be unlikely to buy another tesla. It's not the same company as si…

Funny, I'm considering buying our second Tesla (to replace my BMW) because the company _is_ run by Musk. I'm also big fan of not dictating what other people should say, and find his direct communication style refreshing, even though I disagree with some of his opinions. And that's before we even bring up several other areas where he's successfully doing civilizationally impactful work.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#86

Post by Stratoscope »

brtkdotse wrote: post #38
epistasis wrote: post #29

Earlier quoted context omitted.

I ask owners of other EV vehicles how they like their car, and >50% of my sample size of ~10 bring up "at least it's not owned by that crazy man" as a big reason as they explain the other deficiencies. (Mostly bad controls, UX, etc. stuff that the Tesla gets right.) I have a Tesla Model 3 right now and it's my favorite car ever, by far, but I also will be unlikely to buy another tesla. It's not the same company as si…

I chose a Kia eNiro because it had ”bad” but predictable controls/UX. Basically a normal, boring car with dedicated buttons for most things, but with a EV drivetrain.

Same with my Kia EV6. After driving my old Kia Rondo for 15 years, I felt right at home in the EV6. Traditional stalks for lights and wipers, all kinds of dedicated buttons, familiar and comfortable.

Kia went to quite some work to make it feel like a regular car.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#87

Post by eptcyka »

denysvitali wrote: post #35
ddoolin wrote: post #7

This may be related as well, in a smaller way: https://www.reuters.com/business/autos-transportation/would-...

> It's very likely that Musk himself is contributing to the reputational downfall This. I really like Tesla as a brand, but Musk should really stop over-promising and under-delivering. Their technology is really good, but far away from the promises of their CEO.

It almost feels like he's just overpromising to get other car companies to miss what is the USP of a Tesla vehicle - the efficiency. The autopilot nonsense is criminal, but the fact that VW group, Mercedes nor any Japanese manufacturer can't hold a candle to the upper limit of 4 miles per kilowatt. If a model 3 was within my budget, I'd get it despite of the lack of a good radar-guided cruise control, despite the lack of buttons to engage drive, despite the lack of a HUD and mechanical buttons for climate controls. And despite the moron at the helm. All of that since it is the most efficient car on the market as far as I can tell.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#88

Post by drcongo »

jborden13 wrote: post #85
hn72774 wrote: post #73

Could it be that Musk's inflammatory language and behaviors are a turn off for potential buyers? They are a turn off for me. I like the vehicles but I'd never get one.

I think there are lots of us.

Same. If I wanted to project that image I'd just paint a swastika on my existing car.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#89

Post by rcMgD2BwE72F »

ein0p wrote: post #84
epistasis wrote: post #29

Earlier quoted context omitted.

I ask owners of other EV vehicles how they like their car, and >50% of my sample size of ~10 bring up "at least it's not owned by that crazy man" as a big reason as they explain the other deficiencies. (Mostly bad controls, UX, etc. stuff that the Tesla gets right.) I have a Tesla Model 3 right now and it's my favorite car ever, by far, but I also will be unlikely to buy another tesla. It's not the same company as si…

Funny, I'm considering buying our second Tesla (to replace my BMW) because the company _is_ run by Musk. I'm also big fan of not dictating what other people should say, and find his direct communication style refreshing, even though I disagree with some of his opinions. And that's before we even bring up several other areas where he's successfully doing civilizationally impactful work.

>even though I disagree with some of his opinions

Let me guess, nothing that's part his core believes?

Re: Tesla releases Q1 2024 deliveries: disastrous results

#90

Post by darthrupert »

ChumpGPT wrote: post #68
nixgeek wrote: post #42

Some friends bought a Model X about six months ago, spending over $100k — that’s down from the almost $150k that Tesla was demanding a couple years ago when we bought one (and both were fairly fully loaded). First, my experience 2 years ago was the A/C compressor was so loud that during summer with cooling running at maximum, you couldn’t hold a conversation in the cabin because of the noise. Tesla investigated and e…

You're not buying quality when you buy Tesla, you're buying fashion. if you want quality buy a Toyota/Lexus.

I got a Tesla (model Y) because I wanted an reasonably priced family EV with long range. It seemed to be the best choice, and so far I'm not disappointed.

I'm not gonna get another Tesla, but not because I dislike the brand, rather because one buys so few cars in one's life that it's more interesting to get something else.

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