Well I’m a Tesla employee and I started looking for a new job today. There’s a lot of smart people who see where this is going.
Robot taxis not coming soon enough?
They’re here. Just not from Tesla.
Tesla releases Q1 2024 deliveries: disastrous results
241–250 of 312 posts
Re: Tesla releases Q1 2024 deliveries: disastrous results
#242Others are gaining market share fast, especially on S/X vs. German luxury EVs. But the whole industry is far behind where they thought total vehicle sales would be in 2023-2024, the cause being high loan/lease payments in the US, and weak Chinese consumer demand overall. So part of this is unique to Tesla, but part is an industry that was expecting 2023-4 to be much better than it has been so far.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#243Earlier quoted context omitted.
FWIW they had some insane discounts toward the end of March, to the extent that I'm not sure high prices is the problem. I bought a new long-range AWD Model Y myself a couple weeks ago because between the discounts and tax credits I ended up paying under $40k (would've been around $36k but even after sales tax and fees and stuff it was still only around $39k). At those prices I'm not sure how they aren't selling more…
> At those prices I'm not sure how they aren't selling more cars. The above mentioned Elon Factor?
Yeah, I mean sure, maybe that's all there is to it, but he's been a high-profile asshole for years now. He's definitely changed, but that change happened years ago, it's not a new problem.
I guess it's possible that maybe it's just taken this long to catch up with him though.
My two cents are that it's more important to support the company that's building the best EVs, and the positive impact Tesla has on the world is way bigger than whatever negative effects Elon's tweets are having, but I can definitely relate to folks' discomfort. I wish we had the old Elon back.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#244Some 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'm buying a budget EV with the model 3. I'm pretty happy with that.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#245Earlier quoted context omitted.
It's already around 20% of all cars sold globally last year. And prices are still dropping. https://thedriven.io/2024/01/25/worlds-largest-ev-battery-ma...
Dropping prices are what are going to move EVs IMHO. On paper they are so much simpler than ICE vehicles they should be a fraction of the cost. My understanding is that the battery is the expensive component — and I understand the prices of those keep coming down.
> On paper they are so much simpler than ICE vehicles they should be a fraction of the cost.
Except for the $20,000 battery in each of these Tesla vehicles.
That battery pack is basically the cost of a Chevy TRAX. And the battery is that expensive because its a complicated mess of chemicals: Lithium, Nickle, Cobalt... with complex battery-management systems (op-amps, transistors, MOSFETs) that can handle 800V and 250+ Amps of current, in a load-balanced way in both power and charging directions... designed for longetivity and safety.
Come on, its not actually that simple. The 15-gears that make up the Toyota Prius Power Split Device (serving as Transmission, Generator, and Starter) is obviously simpler in both chemical composition, sourcing (only uses Steel), and assembly.
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And building a 13kW-hr battery pack at 200lbs with a fraction of the power, and smaller electric motors at 110 hp out of cheap magnets (instead of Tesla's rare-earth magnets pushing 600+ horsepower or whatever) is also more environmentally friendly.
A lot of the problems with Tesla vehicles are self-imposed. They aim at absurdly high horsepower for not really much benefit to the typical everyday driver.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#246"Disastrous" seems like a significant overstatement. To me this looks more like "unsurprising". Tesla has some additional business lines which might eventually prove quite valuable, but in the short to medium term it is mostly a car company. The whole car industry is dealing with the results of higher interest rates. It would be much more surprising if Tesla somehow turned out to be immune to that.
The disaster isn't missing of a quarter, but the entire facade as to why Tesla is valued at the astronomic multiple of earnings.
Tesla has confirmed what most it's not a tech company, but an auto manufacturer. And if it's repeated, the stock will never recover.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#247I have a Tesla with EAP. I’m not buying another Tesla unless I can transfer this over. Not with the prices for software DLCs they have today.
What’s fascinating is that they have this transfer for FSD, but not EAP.
Anyone from Tesla sales reading this, reach out to me and you may have a customer :)
Re: Tesla releases Q1 2024 deliveries: disastrous results
#248Could 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'm in the market for an EV for the first time and won't consider a Tesla due to him going full mask off on Twitter over the last year.
Re: Tesla releases Q1 2024 deliveries: disastrous results
#249Not surprising. They are experiencing serious scaling difficulties with the new "Highland" Model 3. The community [0] thinks that there are supply chain issues with several components in the Long Range variant of these cars, the white seats being especially bottlenecked.
[0] https://teslamotorsclub.com/tmc/threads/model-3-highland-us-...
Re: Tesla releases Q1 2024 deliveries: disastrous results
#250Tesla 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…
Who cares - you can sustain an ultra successful vehicle just in the US. American suburban dads are an economic force on par with entire global regions. If they want cyber trucks, for any reason, TSLA will be just fine.