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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

#221

Post by epistasis »

nobleach wrote: post #92
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…

You have basically found the Reddit /r/technology contingency. Most stories I see there are laughing at a single man's failures. There's just a lot of hate. I wanted a Tesla because other friends and family let me ride in theirs. I liked the car. I also like Chick-fil-a Chicken, and Papa Johns Pizza. From time to time, I visit Hobby Lobby. If I did digging on EVERY CEO, and found things that I disagreed with, I'd lik…

I don't know anything about r/technology, but I do know that Musk has alienated his core customer base, and is continually making massive noise about politics, unlike most other CEOs. And even more stupidly, he is aligning with an anti-EV, anti-solar, anti-energy storage political faction in his attempt to alienate early adopters. Makes him seem extremely weak and self-hating.

And that's before all the bad decisions in the direction of the product over the past six years. Musk's made a great product far worse by being so involved and making boldly bad decisions left and right.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#222

Post by ianburrell »

Workaccount2 wrote: post #123
afavour wrote: post #16

Earlier quoted context omitted.

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

They should just do an offering. That stock has held it's stupidly massive over valuation for 5+ years now. Just dump it on whatever dumb ass investors have been propping the stock up.

Have you looked at Tesla stock recently? The stock is down 5% today to 166. It was 250 at beginning of year, so dropped 30%. The peak was 400 in 2021, and dropped to 113 in 2023.

I think it is still overpriced and can drop further, but it has lost its shine. They will make less money from offering, and it would probably tank the stock. And there is no sign they need the money.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#223

Post by ta8645 »

sf_rob wrote: post #220
ta8645 wrote: post #31

Not sure how it will affect things going forward, but the Model 3 may help. Jay Leno did an excellent segment about it a few weeks back, with a pair of Tesla engineers: https://youtu.be/WLMalLy_3JU

Until Tesla changes their Model 3 sourcing to be eligible for the $7500 tax credit, I don’t understand who would buy one over the Model Y even with the “highland” improvements.

I don't know if it's the tax credit you're referring to, but in that video (15:35), they claim with tax credits the model 3 is available for under $30,000

https://youtu.be/WLMalLy_3JU?t=935

Re: Tesla releases Q1 2024 deliveries: disastrous results

#224

Post by stephenitis »

williamsmj wrote: post #199
FredPret wrote: post #79

Tesla has the Cybertruck now (is it shipping yet?). People love trucks, so this might work out great for TSLA. But they don't really have an SUV, which is by far the most popular form factor. The Model Y is closest but it's still a bit car-ish. Interest rates are up. Their chairman is going through a very public ...episode. They'll definitely overcome the headwinds: they still have superfans despite the Musk antics;…

> People love trucks, so this might work out great for TSLA. 1. there is essentially no market for pick-up trucks outside the US. 2. the market for pick-up trucks inside the US is dominated by suburban American dads. They love trucks because they can imagine pulling up to a job site in one. We all know, even the suburban dads, that if you pull up to a job site in a Cybertruck, the guys working there are going to laug…

Trucks are great for moving furniture, bringing garden material, wood, and mulch from the store.

I'm a Model Y owner and I still would not get a Cybertruck. If its too big for the Y I'll rent a Uhaul if its worth it, or borrow my friend's truck.

It would be a nice upgrade for my occasional camping trip to have the outlets and truck bed space for all the gear. so far the Model Y fits everything. give me a minivan-like vehicle though...

Re: Tesla releases Q1 2024 deliveries: disastrous results

#228

Post by hnburnsy »

Some other context

As of Q3 2022, Tesla’s profit margins stand out significantly compared to its competitors:

Gross profit per car: $15,653 Net profit per car: $9,574

In comparison, other major automakers have lower profit margins:

General Motors (GM): Gross profit per car of $3,818 and net profit per car of $2,150.

Toyota: Gross profit per car of $3,925 and net profit per car of $1,197.

Volkswagen (VW): Gross profit per car of $6,034 and net profit per car of $973.

Hyundai: Gross profit per car of $5,362 and net profit per car of $927.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#229

Post by stephenitis »

afavour wrote: post #27
alkibiades wrote: post #17

top down government technology mandates never work. the early adopters and rich california folks all already have EVs. normal people don’t want them toyota was right and that’s why i got their hybrid vehicle instead of an EV

I’m a “normal person” and I’d love one. But they’re too expensive and the charging situation near me isn’t great.

I'm curious, how much would you spend on a car?

The $7,500 rebate sort of tweaked with the value system in my head and got my to purchase my model Y. also with not dealing with dealerships was a huge +

Re: Tesla releases Q1 2024 deliveries: disastrous results

#230

Post by stephenitis »

Does anyone know by what measure/scale other major car manufacturers over produce vehicles in a year?

I suspect Tesla has wiggle room to discount this batch of vehicles to get them out the door quickly, the rebate will be built into the price of the vehicles this year so i'm curious how much that will reflect in the price drop.

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