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Tesla reports steep drop in profits despite US rush to buy electric vehicles

theguardian.com

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Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#11

Post by wrigby »

TGower wrote: post #8

Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competi…

> Also the claimed "Rush to buy electric vehicles" put revenue only 2% above expectations?

The rush to buy electric vehicles was baked into the expectations, so beating by 2% is still noteworthy.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#12

Post by ternus »

TGower wrote: post #8

Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competi…

Presumably they mean the Model Y Standard. The existing model became the Model Y Premium.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#13

Post by LanceH »

amanaplanacanal wrote: post #6
bpodgursky wrote: post #4

Earlier quoted context omitted.

The articles are stupid. It's up to $1T IF he raises the stock price ~7x. It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it". It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.

From an outside perspective, it feels wrong that the goal isn't higher earnings but a higher stock price. They don't care about actually creating value, just keep inflating the bubble and you're golden.

If a trillion dollars is on the line, could the stock be manipulated to be higher than that for less than a trillion?

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#14

Post by bryanlarsen »

next_xibalba wrote: post #5
leptons wrote: post #3

>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month. WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.

It's almost entirely milestone/incentive based. Should Tesla continue on this trajectory, he won't see a dime. Tesla has to hit an $8 trillion market cap, deliver 20 million vehicles, and 1 million robotaxis, and $400 billion in adjusted earnings. Were Tesla to hit those numbers in the specified time frame, Musk's comp would be worth every penny to investors.

Yeah, I'd have no trouble voting for that $1T package. There are way too many conditions. There are lots of ways Musk doesn't get paid. The original $56B package was only revenue and stock price based. If it was like this one, it would also have been based on car deliveries, and solar installs, and stationary battery sales. He would have totally missed on the solar installs, despite being massively successful on everything else.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#15

Post by dboreham »

geoffpado wrote: post #9
electric_mayhem wrote: post #2

Wow, it supports m1 and m2 Macs! I kind of love the idea of getting back to a proper Unix environment on a reasonably current Mac.

I think you might have posted this to the wrong comments thread.

Perhaps we just missed a tweet where Elon announced 4.3 BSD for ARM64.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#16

Post by Retric »

TGower wrote: post #8

Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competi…

They just refreshed the Model Y with a new “standard” model which they are also just calling Model Y with the old base model now being called Premium.

So what they said is correct but a little misleading, perhaps as a dig on Tesla’s naming conventions.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#17

Post by 3eb7988a1663 »

TGower wrote: post #8

Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competi…

Blame Tesla for the branding. Wikipedia on the Model Y L[0]

  In June 2025, Tesla introduced the three-row, six-seater version of the Model Y, marketed as the Model Y L.[84] Debuting in China and produced at Gigafactory Shanghai, the variant introduces a six-seat configuration with a lengthened cabin and upgraded interior features. It is equipped with 19-inch aero wheels in a new design and offers a new exterior colour option called Cosmic Silver. Deliveries in China commenced on September 2, 2025.[85]
[0] https://en.wikipedia.org/wiki/Tesla_Model_Y

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#18

Post by [deleted] »

TGower wrote: post #8

Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competi…

[deleted]

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#19

Post by 3eb7988a1663 »

LanceH wrote: post #13
amanaplanacanal wrote: post #6

Earlier quoted context omitted.

From an outside perspective, it feels wrong that the goal isn't higher earnings but a higher stock price. They don't care about actually creating value, just keep inflating the bubble and you're golden.

If a trillion dollars is on the line, could the stock be manipulated to be higher than that for less than a trillion?

Other private Musk companies (SpaceX and xAI) just bought fleets of Cybertrucks. One may wonder what exactly they would do with so many vehicles other than boost Tesla's share price.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#20

Post by [deleted] »

TGower wrote: post #8

Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competi…

[deleted]
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