441–450 of 1001 posts
Earlier quoted context omitted.
> Musk's goal all along was to get away from boutique production. He wants to sell millions of cheaper cars, not thousands of cars for wealthy people. So the literal opposite of the Cybertruck, which was released less than a year ago.
Not to mention the Roadster
Earlier quoted context omitted.
I can't remember when was the last S/X refresh. It's nuts they just let it go stale and shut the factory down.
Tesla got the job done, which was empower Musk, not manufacture EVs at scale. The stock is the product.
Besides EVs, Tesla's long term revenue could very well be in the supercharger network, too. It's not as exciting as self driving cars, but the oil companies have been the most valuable companies / stocks worldwide without being exciting like that. I mean I don't think EV charging will be anywhere near as big as oil because it doesn't involve nearly as much infrastructure or international trade, but it's still big, especially if governments refocus on replacing ICEs with EVs.
(the focus has been let go because the subsidies were too popular and expensive)
So he milked Tesla for another $2B to subsidize xAI, has dropped the models to 2 (3 and Y), revenue is down, growth is negative, BYD is eating Tesla for lunch, followed by the other CN and KR vehicle companies. He doesn't have FSD, camera only navigation without sensor fusion with LIDAR will fail, the only thing keeping Tesla where it is is the bullshit dispersal field that surrounds Musk.
I'm not 100% what you mean by "dispersal field", but outside of America, Elon's image in recent years has done more harm to Tesla than good.
Earlier quoted context omitted.
> easiest This is the keyword here, just because the other approach is harder does not mean it is impossible. It's a decent gamble to try and do things the hard way if it is possible to be deployed on cheaper/smaller hardware (eg: no lidars, just cameras).
Is it still a decent gamble after you've been trying (and failing) for a decade, and numerous well funded competitors are going the easy way, and when there is huge upside to being first, and when the value of FSD easily covers the rapidly falling cost of LIDAR? No. It's not a good idea. It's not a good gamble. It's stupid, and the engineers can see it's stupid. A lot of them have quit, reducing the very slim chances…
Hint: it's not the sensor inputs that are the bottleneck!
Earlier quoted context omitted.
> The successful cars are made for masses and not for niche buyers. When Tesla got started, full EVs were extremely niche. They were known for their short range and nothing else. Tesla defeated common sense. This is what supports their anti-common-sense stock price.
Is there any indication that they're going to "defeat common sense" again? They're cancelling products, making marginal improvements to old models, alienating their customers, etc. Tesla as a car company seems dead-set on a continuous downward spiral. Maybe the switch to robots will pay off and you'll be right. Somehow, I'm skeptical.
If you equal Elon to Tesla then there are plenty of - SpaceX dominates near-earth orbit payload launches. A private company competing against and replacing NASA would have been a laughingstock idea 30 years ago. xAI made competitive SOTA models despite a very, very late start.
Of course Elon isn't Tesla. I think the biggest risk of Tesla now is the investors realizing he's more into AI and politics and will siphon resources from Tesla to his other companies.
Tesla is a meme stock in a similar manner to GME. You cannot bet against them even if they have incredibly unsure future prospectives because there are too many believers who will buy any dips.
There is no such thing as "meme stock." It's literally just how stock market is since forever. But every generation thinks they are so special that they have to coin new terms for the oldest things.
Earlier quoted context omitted.
I can't remember when was the last S/X refresh. It's nuts they just let it go stale and shut the factory down.
Musk's goal all along was to get away from boutique production. He wants to sell millions of cheaper cars, not thousands of cars for wealthy people. Not sure it's going to work out. Without some big jumps in battery tech, EVs are going to be difficult to sell without subsidies.
The actual sales figures show otherwise, but sure, there's still a lot of uncertainty with regards to batteries / range, I can imagine even moreso in the US. Traveled to Austria a while ago in an EV (~1000 kilometers), we had to stop 3x on the way, but the battery was good for another 2.5 hours of driving after a coffee. I keep hearing that "solid state batteries are around the corner" and they will solve all problems with capacity and safety / fire risk, apparently. I'll just sit and wait patiently, it'll take years before their production capacity is on par with current battery tech.
Earlier quoted context omitted.
It seems counterintuitive, but this helped Tesla which is why Musk championed it. Basically when that tax credit came out, a bunch of Tesla owners had their cars underwater - loans were more than new cars were selling for and depreciation thru the roof. Plus the tax credit helped their competitors. Now that the credit is gone, Tesla owners are closer to being in the black on their cars and it also caused Ford and GM…
Of course, it's 4D chess. This was such a genius move that Tesla profits fell 46% last year and they are ending production of their highest-margin vehicles. GM wrote down $4B when they reduced their EV production. Despite that, last year GM sold half the number of EVs as Tesla did. If THAT was reduced production by 100%, then Tesla would have been truly fucked had Harris won the election. Tesla is suffering because E…
Earlier quoted context omitted.
The gamble with Cybertruck failed. It’s common sense, that such a vehicle will fail. The successful cars are made for masses and not for niche buyers. Common sense product could be something smaller than Model 3 for Europe and this car would eat Chinese for lunch. Expensive experiment failed, it’s time for consequences. Does Tesla have resources for another car experiment? Will it stay a car company?.. Or it will be…
BYD already have the Atto 1 (sub AUD30K here) as do other EV manufacturers (eg Nissan Leaf). Tesla could stop spending money on bullshit like the Cybertruck and spend it on vehicles that people actually need/want.
Plus there are plenty of popular options for high-end EVs that are far more glamorous as well as practical than the Cybertruck.
So Tesla deserves credit for building the first electric cars that people actually wanted to buy. They also deserve credit for building the largest and most reliable charging network - a key factor in making electric car ownership more feasible.
But they’ve made a lot of poor decisions recently and all the money and power went to Elon’s head. I think it was beneficial to the world for Tesla to exist and do that important work early on, and now it’s beneficial to the world for the company to die.