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Tesla reports first quarterly profit in more than three years

reuters.com

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Re: Tesla reports first quarterly profit in more than three years

#101

Post by tamal »

ams6110 wrote: post #96
patrickk wrote: post #26

Earlier quoted context omitted.

> Maybe because everyone wants his companies to succeed... Surely the only ones who don't want dramatically cheaper space launches, cheaper, widely available solar PV installations and attractive, affordable electric vehicles are deeply entrenched incumbents whose continued profitability involves polluting the planet, or those who really hate the environment for whatever reason. There are valid criticisms you can lev…

I don't have anything against Musk. I simply don't care much one way or the other because the things he's working on will never affect me. Electric cars are not something I'm interested in owning at the price Tesla is asking. Or even half what Tesla is asking. Utility electricity works fine for me, is a small fraction of my monthly budget, and is reliable. I.e. something I never really worry about. Payments for and m…

What kind of unconventional air travel do you care for?

Re: Tesla reports first quarterly profit in more than three years

#102

Post by komali2 »

usaphp wrote: post #80
tw04 wrote: post #58

Earlier quoted context omitted.

No, but I can imagine a BMW owner complaining that the 2016 model came out 3 weeks after he bought his 2015, with no notice from BMW, the sales guy, or the press. And that the 2016 model came with a bunch of new features he really wanted and would've been willing to pay for.

I doubt any auto dealer's sales person will gamble to let a customer know that he should not buy the car right now and he should wait for later...they have bonuses to collect, and the faster they move old inventory the better bonuses are.

I thought Tesla doesn't sell through dealers?

edit: I'm absolutely positive I'm missing the joke here

Re: Tesla reports first quarterly profit in more than three years

#103

Post by ams6110 »

tschellenbach wrote: post #85

I've been reading the book about Elon Musk, great read. This is all the more impressive considering all the stories of times they almost went bankrupt.

Amost (or actually) going bankrupt is normal (or at least, not unusual) for entrepreneurs.

Re: Tesla reports first quarterly profit in more than three years

#104

Post by komali2 »

ams6110 wrote: post #96
patrickk wrote: post #26

Earlier quoted context omitted.

> Maybe because everyone wants his companies to succeed... Surely the only ones who don't want dramatically cheaper space launches, cheaper, widely available solar PV installations and attractive, affordable electric vehicles are deeply entrenched incumbents whose continued profitability involves polluting the planet, or those who really hate the environment for whatever reason. There are valid criticisms you can lev…

I don't have anything against Musk. I simply don't care much one way or the other because the things he's working on will never affect me. Electric cars are not something I'm interested in owning at the price Tesla is asking. Or even half what Tesla is asking. Utility electricity works fine for me, is a small fraction of my monthly budget, and is reliable. I.e. something I never really worry about. Payments for and m…

With all due respect, that is the standpoint of a cynic or perhaps nihilist. Which is totally fine, people should have the right to not care about stuff without being judged for it.

However, if everyone was a perfect nihilist, you wouldn't have cheap old cars to drive because nobody would have made cars. You wouldn't have a cell phone, and especially a data connection, if not for the space program. And so on.

So while I don't think it's a problem if some people take your viewpoint, I think it's a problem when everyone does. Somebody has to care enough about the environment to stop rampant capitalism from destroying it so that we have a planet to live on 50 years from now (electric cars, improved public transit.) Someone has to care enough to get humans off the planet so that when it is inevitably destroyed (asteroid, nuclear war, virus, overpopulation) the human race can continue elsewhere.

Re: Tesla reports first quarterly profit in more than three years

#105

Post by mikeash »

ceterum_censeo wrote: post #99
mikeash wrote: post #93

Earlier quoted context omitted.

It goes to the bank that handles the lease.

I guess that is my confusion, I thought Tesla was originating the lease.

Tesla sells the car to a bank, and the bank leases it to the customer. For leases done through Tesla directly, Tesla just talks to the bank for you.

Re: Tesla reports first quarterly profit in more than three years

#106

Post by RubberSpoon »

jacquesm wrote: post #98
vvanders wrote: post #7

Earlier quoted context omitted.

> We achieved record production levels in Q3, rising to 25,185 vehicles for an increase of 37% from Q2 and an increase of 92% from Q3 last year. An almost 100% production increase Year over Year, they said it couldn't be done and yet here we are.

Compare with Toyota's annual production of approximately 9 million vehicles for some perspective.

Compare with Toyota's head start of approximately 66 years for some perspective.

Re: Tesla reports first quarterly profit in more than three years

#107

Post by kmonsen »

Anasufovic wrote: post #88
tw04 wrote: post #68

Earlier quoted context omitted.

I'm sure. It's one thing to be told "Hey, there's a new model right around the corner. But we have this guy on a steep discount to clear out inventory." vs. "Hey, we have this great sale going on. What, new model? Naww, we are just having a sale!!" The incumbent MFG's literally have "new inventory" sales on their last-years model to clear out inventory. They let you know well in advance that a new car is coming with…

I think we know which path leads to better sales.

And which path leads to buyers remorse.

Re: Tesla reports first quarterly profit in more than three years

#108

Post by ams6110 »

yladiz wrote: post #37

I'm impressed and skeptical of the substantial increase in production. A 70% increase in production in one year would likely require substantial changes in the production stages. Hopefully Tesla didn't cut any corners to hit this production number; I'm hopeful that they just scaled back their production initially and now show their "full potential", or added a lot of new machinery in their production line(s). Maybe t…

When your production is low-volume, large percentage increases result from modest actual increases.

Re: Tesla reports first quarterly profit in more than three years

#110

Post by ams6110 »

tamal wrote: post #101
ams6110 wrote: post #96

Earlier quoted context omitted.

I don't have anything against Musk. I simply don't care much one way or the other because the things he's working on will never affect me. Electric cars are not something I'm interested in owning at the price Tesla is asking. Or even half what Tesla is asking. Utility electricity works fine for me, is a small fraction of my monthly budget, and is reliable. I.e. something I never really worry about. Payments for and m…

What kind of unconventional air travel do you care for?

I meant, as opposed to space travel. I actually don't care much for travel at all.
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