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Tesla Q1 2021 Results

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Re: Tesla Q1 2021 Results

#111

Post by LeoPanthera »

nojito wrote: post #80
anonu wrote: post #50

> We believe that a vision-only system is ultimately all that is needed for full autonomy. Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision. This is a huge gamble IM…

Because cars are currently being sold as FSD ready so you can't ever release LIDAR/RADAR after the fact.

Current Teslas are already fitted with radar, though Tesla wants to remove it from future models.

Re: Tesla Q1 2021 Results

#112

Post by wazokazi »

dangus wrote: post #10
systemvoltage wrote: post #4

Earlier quoted context omitted.

What’s amazing is that just 5 years ago, it seemed like a distant goal. People were skeptical of Tesla in 2015 (rightfully so). Almost went bankrupt in 2017. They dug themselves out of there despite of Elon’s PR shenanigans. Pretty amazing I think! Now about that stock price, I’m not so sure. It’s like next 20 years are baked into $735/share price now.

The inflated stock price is easy to explain: intangibles are part of the balance sheet. In my guesstimation, Tesla will be making electric cars with a range to dollar ratio that can’t possibly be matched by incumbents for the foreseeable future. VW and the rest are more capable of producing a refined car, but (again, my opinion) Tesla’s EV advantage is similar to the big three’s various inertial advantages that they…

I bought a Ford Mach-e, after comparing the mileage, build quality and pricing with model Y. The Tesla drives better, performance wise they felt the same, but build quality and cabin noise is way better in the Mach-e.

Also, surprisingly actual road mileage is better in the Mach-e too[1].

Tesla felt like a car built around the software and ford felt like a car with the software as an afterthought. But I like driving cars (drive a manual right now), so, don’t really care as much about the software as others.

[1] https://www.edmunds.com/car-news/electric-car-range-and-cons...

Re: Tesla Q1 2021 Results

#113

Post by mulmen »

ajross wrote: post #97
jocker12 wrote: post #33

Earlier quoted context omitted.

This is a very tricky presentation of the larger image. The document mentions the "Premium Sedan" category market, not the entire market. So looking at the Premium Sedan market share in the US (which is arguably the most important market in the world) the numbers show a 1% decline in sales for 2020 - "The midsized car segment continues to lose share in the US car market in 2020. Sales were down 22% in an overall mark…

It seems that in trying to debunk marketing spin you've deployed even worse spin of your own: > the premium sedan category (including Tesla 3) is declining overall Uh... wat? Model 3 sales are growing very rapidly! Trying to argue that they aren't because the category they are being compared to is not is... somewhat weird. I mean, look. The M3 is now selling more cars than Mercedes or BMW do in the same price segment…

Can we please not refer to the Model 3 as the M3, an already well known car from a competing manufacturer in the same segment?

Re: Tesla Q1 2021 Results

#114

Post by [deleted] »

jocker12 wrote: post #76
nickik wrote: post #74

Earlier quoted context omitted.

If the whole market declines but your share of the overall market raises and you overtake everybody else in that market that is clearly an achievement. Given that this is literally the first mass market car by Tesla, achieving leading sales globally over comparable products by BMW and Mercedes is clearly pretty important. And as they said, they hope Model Y will hopefully be the best selling vehicle globally next yea…

Selling more of the less selling cars is not an achievement by any means. All the other companies are changing production towards different other categories, but the “achievement” Tesla wants their shareholders to be happy about is that they sell more of the cars less and less people are buying. If you sell more horses worldwide out of the “four legged category” it has no relevance as long as less and less people are…

[deleted]

Re: Tesla Q1 2021 Results

#115

Post by tyingq »

ajross wrote: post #106
jocker12 wrote: post #104

Earlier quoted context omitted.

"is... somewhat weird." No, it's not. If you sell more horses worldwide out of the “four legged category” it has no relevance as long as less and less people are buying horses for transportation.

I repeat the more focused point: you don't find it impressive that a car from a manufacturer that was barely on the map five years ago is now beating the Mercedes E Class ( edit: C class, sorry ) in its own price category? I mean, by your logic if Tesla isn't impressive for what the Model 3 is doing then Daimler Chrysler must be a flaming disaster, right?

I agree it's impressive myself. Though they probably mean C or A Class. The E class is larger and quite a lot more expensive than a Tesla 3.

Re: Tesla Q1 2021 Results

#116

Post by selectodude »

mulmen wrote: post #113
ajross wrote: post #97

Earlier quoted context omitted.

It seems that in trying to debunk marketing spin you've deployed even worse spin of your own: > the premium sedan category (including Tesla 3) is declining overall Uh... wat? Model 3 sales are growing very rapidly! Trying to argue that they aren't because the category they are being compared to is not is... somewhat weird. I mean, look. The M3 is now selling more cars than Mercedes or BMW do in the same price segment…

Can we please not refer to the Model 3 as the M3, an already well known car from a competing manufacturer in the same segment?

I think we can all infer that when referring to mass market sedans, the super-sport model of one particular BMW is not what is being referred to.

Re: Tesla Q1 2021 Results

#117

Post by ed25519FUUU »

arcticbull wrote: post #88
Plough_Jogger wrote: post #5

One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings

This is a pretty big pivot from: "You can now buy a Tesla with Bitcoin... Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency" Turns out it will in fact be converted to fiat currency while Elon continues to pump his bags on Twitter. "What does the future hodl?" In any other asset class this would be bl…

It’s obvious with his pumping of doge coins.

Re: Tesla Q1 2021 Results

#118

Post by CyberDildonics »

arcticbull wrote: post #88
Plough_Jogger wrote: post #5

One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings

This is a pretty big pivot from: "You can now buy a Tesla with Bitcoin... Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency" Turns out it will in fact be converted to fiat currency while Elon continues to pump his bags on Twitter. "What does the future hodl?" In any other asset class this would be bl…

What law specifically are you referring to? Can you link to it?

Re: Tesla Q1 2021 Results

#119

Post by dawnerd »

t0mas88 wrote: post #68
grammarprofess wrote: post #63

Earlier quoted context omitted.

So tell us what one should drive instead of a model 3?

What you can buy instead is 99% based on personal preference, I cancelled the model 3 and got a BMW because I liked the few I had before. But my co-founder would never drive a BMW. He returned his second model S and got an Audi EV instead. Which is not a car I would pick. My point is that a model 3 isn't really a luxury car, it's an entry model and has the build quality and options that go with that.

So I don't get this. You bash the Model 3 for build quality but you support BMW which is notorious for having horrible reliability.

I'd pick the car with just okay paint and maybe some not-so-perfect gaps over a car that I know is going to cost me thousands in maintenance.

Re: Tesla Q1 2021 Results

#120

Post by random314 »

t0mas88 wrote: post #68
grammarprofess wrote: post #63

Earlier quoted context omitted.

So tell us what one should drive instead of a model 3?

What you can buy instead is 99% based on personal preference, I cancelled the model 3 and got a BMW because I liked the few I had before. But my co-founder would never drive a BMW. He returned his second model S and got an Audi EV instead. Which is not a car I would pick. My point is that a model 3 isn't really a luxury car, it's an entry model and has the build quality and options that go with that.

Great to learn today that the model 3 is not a premium car. My whole life has been a lie. How do I refine my tastes to appreciate premium cars like the bmw like you? I never had a mentor who could teach me the finer aspects of premium taste.
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