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Tesla releases Q1 2024 deliveries: disastrous results

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Re: Tesla releases Q1 2024 deliveries: disastrous results

#271

Post by NickM »

toomuchtodo wrote: post #266
NickM wrote: post #243

Earlier quoted context omitted.

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 i…

I agree with almost your entire comment, but I hope they boot Elon and bring JB in as CEO. Elon has no humility and empathy, JB does (at least from my brief interactions years ago). Old Elon is gone I fear, but maybe he finds himself, I really hope so. Story isn’t over yet.

Yeah, I think that's a great idea, I would love to see that happen.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#272

Post by misiti3780 »

danw1979 wrote: post #232
misiti3780 wrote: post #146

Earlier quoted context omitted.

[flagged]

The Prius driving experience is excellent. I’ve had two gen 3 prii (one a plug in) for 10 & 6 years respectively and can’t find anything to dislike apart from the lack of acceleration above 45mph. Regular cruise control, buttons for everything, excellent economy, zero road tax, huge cargo capacity for a family car. I kind of like my flip phone thank you very much.

[flagged]

Re: Tesla releases Q1 2024 deliveries: disastrous results

#273

Post by FredPret »

smallmancontrov wrote: post #127
dralley wrote: post #103

Earlier quoted context omitted.

His behavior isn't the only Howard Hughes callback. The entire Cybertruck project screams it.

Apparently Henry Ford bought a newspaper (the Dearborn Independent) to publish his opinions on jews. History sure does rhyme. What is it with car CEOs?

If it rhymes this much, it's bad news for Musk but fantastic for Tesla. Ford has generated a ridiculous amount of shareholder returns over the years and makes good cars today.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#274

Post by monkeydust »

themaninthedark wrote: post #104
monkeydust wrote: post #33

So trying to establish how to attribute this to: - World wide supply issues (Red Sea) - TSLA specific issues (Strikes, Pay Dispute) - Overall demand for EVs - to this factor, any good benchmarks out there to establish demand?

Rivian is not doing well either: https://techcrunch.com/2024/04/02/rivian-started-a-tough-yea... In addition Ford, Lucid and Fisker are also scaling back and not selling EV's as well. I think this points to a falling EV market.

Txs, yes sentiment clearly seems to have shifted down. 6 months ago I was sold on my next daily driver being fully electric but now looking at hybrid (phev)

Re: Tesla releases Q1 2024 deliveries: disastrous results

#275

Post by ahahahahah »

cma wrote: post #144
leetharris wrote: post #112

Earlier quoted context omitted.

It seems to me this is heavily related to Elon being a vocal Republican. I wonder if people would care as much if he was a quiet Republican?

Promoting great replacement theory is very different than vocal Republican. He only said the Republican persecution thing after he was informed the horse for handjob scandal was going to be reported: they emailed him for comment and he immediately made the post.

> Promoting great replacement theory is very different than vocal Republican

They used to be very different. Today, not so much.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#276

Post by dragontamer »

cameldrv wrote: post #257
dragontamer wrote: post #196

Earlier quoted context omitted.

Chrysler Pacifica PHEV should be mostly electric on daily drives and then gasoline for the long trips. Honestly, passenger van / road trip vehicle makes the most sense in PHEV form factor out of all other styles IMO.

Yes on paper this looks like a great and very practical vehicle for many people, but boy am I hesitant to buy a Chrysler product with this amount of drivetrain complexity. You've got everything that can fail in a fairly high tech ICE drivetrain, plus everything that can fail in an EV drivetrain, made by the lowest reliability major automaker.

> You've got everything that can fail in a fairly high tech ICE drivetrain, plus everything that can fail in an EV drivetrain

You should seriously look up the drivetrain of hybrids.

The planetary gearset is a single set of gears that functions as the alternator/generator, the starter/EV motor, the transmission, and the engine driveshaft.

Its not "different" or "new" components. Its a singular design that accomplishes what 3x different parts of the car used to do seperately. There's a reason why Toyota Hybrids are $23k, its a lot cheaper and more efficient to do it this way.

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

You needed the starter anyway. When its beefed up to a full-size EV motor that can drive the car, its more powerful and more durable.

You needed the alternator anyway. When its beefed up to a full-sized generator, its more powerful and more durable.

When the ICE engine operates at its ideal RPM (rather than directly connected to the road), it can be made cheaper, more reliable, smaller, more efficiently than when its the only thing moving the car.

Hybrids are superior to ICE, and Prius shows how to do it with more reliability. Now yes, Chrysler is terrible with reliability, but that's nothing to do with Hybrids and everything to do with Chrysler.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#277

Post by mkipper »

hnburnsy wrote: post #228

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…

You seem to know where to find these numbers (I don't), so do you know how that stacks up with luxury car manufacturers?

Most of those companies do compete with Tesla, but the price range of a Tesla ($40k to $90k for most models) lines up much more closely with Audi and BMW than any of those companies. I'd imagine that those companies would have higher gross margins if they didn't sell any cheap models or trims levels.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#278

Post by yread »

kstrauser wrote: post #240
stephenitis wrote: post #237

Earlier quoted context omitted.

Gross profit is the money a company makes after subtracting the cost of producing its goods or services. Net profit is what remains after all expenses, like operating costs, taxes, and interest, are deducted from the gross profit.

Ah, so gross profit is kind of like "this is how much we profited off this specific car", and net profit is "this is the average of how much we profited off all these cars"?

gross profit is "money we got for selling this car" - "all per car expenses". Net profit is - "all the other expenses a company has"

Re: Tesla releases Q1 2024 deliveries: disastrous results

#279

Post by dzhiurgis »

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…

S and X are not their bread and butter. Look at how well LFP 3's and y's hold up.

Re: Tesla releases Q1 2024 deliveries: disastrous results

#280

Post by gergi137 »

Workaccount2 wrote: post #255
ianburrell wrote: post #222

Earlier quoted context omitted.

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.

The company is currently valued at $530 billion. Compare this to Toyota, who sold 11 million cars last year (~20x Tesla), is worth $385 billion. It is still grossly over valued.

Tesla sold 1.8 million cars last year and Toyota sold 11.23 million cars last year. so a 6.2x multiple, not a ~20x multiple
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