Tesla releases Q1 2024 deliveries: disastrous results

Post by hnburnsy » Tue, Apr 02, 2024, 11:22 PM UTC

mkipper wrote: post #277

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 level…

Post by mplanchard » Wed, Apr 03, 2024, 12:35 AM UTC

misiti3780 wrote: post #146

mplanchard wrote: post #76

Earlier quoted context omitted.

Anecdotal, but this is absolutely the case for me. The widely reported fit-and-finish issues would have made me hesitant regardless, but as long as it's Elon's company I will not be buying a Tesla regardless of improvements in quality. Bought a Prius plug-in hybrid instead (which I'm very happy with). Prior to Elon taking the mask off I was really excited about the idea of getting a Tesla, and I'm squarely in what I…

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Post by r00fus » Wed, Apr 03, 2024, 1:03 AM UTC

cavisne wrote: post #252

FredPret wrote: post #91

Earlier quoted context omitted.

It's such a shame that he's sullying his reputation like this. Howard Hughes-like. He could have retired in a blaze of glory a couple of years ago, straight into the pantheon of epic American entrepreneurs.

Very unlikely, Bezos & Gates basically did that and they are still massive targets of criticism. If Elon had decided to just roll over a couple years ago and do everything the media asked him to do (shutdown the Fremont factory during covid, stop "polluting the sky" with starlink, rely on a nice unionized automaker like GM to "lead the EV revolution") Tesla & SpaceX wouldn't exist today.

Post by r00fus » Wed, Apr 03, 2024, 1:05 AM UTC

zamalek wrote: post #108

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.

Anecdata: I had paid my $200 [sunk cost] deposit. Elon's bullshit turned me away.

Post by alkibiades » Wed, Apr 03, 2024, 6:22 AM UTC

2four2 wrote: post #168

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 love the rhetoric that simultaneously paints California as rich yet wrong with policy. "Those successful Californians are failures!"