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Tesla reports first quarterly profit in more than three years

reuters.com

121–130 of 290 posts

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

#122
post #96

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…

Even if you use none of these things directly, other people's use of them affects you. Electrified transport benefits everyone, even people who never use it. Same for energy storage.

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

#123

Why would they do that? Why post profits?

To show that they can. Many are (were?) skeptical that Tesla could ever make money, even with healthy sales. The intent here is to increase investor confidence by proving that wrong.

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

#124

Earlier quoted context omitted.

Here you go: [1] http://www.bloomberg.com/news/articles/2016-09-06/full-text-...

This email does not mention anything about discounts. It does not even mention sales. It does talk about "building and delivering every car we possibly can".

I think GP just linked to the email because I cited it but forgot the link.

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

#125

Earlier quoted context omitted.

And which path leads to buyers remorse.

It's similar to iPhones, countless complaints yet those same people keep buying them.

Really? iPhones seem to have somewhat predictable cycles. I have owned 4 and every time I pretty much knew when a new one would come out.

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

#126

The Economist recently did a good article on the financing of Elon Musk's companies that flew under the radar of Hacker News that probably warranted further discussion [1] [2]. (Though the author of that piece completely misses the relative importance of each company to Musk, suggesting "he could try to sell [...] SpaceX, through gritted teeth, to a defence firm") It's unfortunate there's a bit of a reality distortio…

I agree with patrickk that it isn't that people want his companies to succeed so much as they want the product he is bringing to market. I've wanted a no compromise electric car for a long time before Tesla came around, and got it in the Model S, now I don't want the company that brought it out to fail before there is incontrovertible market proof that the demand for electric cars is real and will continue. That takes on the order of 10 years of market participation AFAICT.

I also wanted to exploit the solar power that is available in moderate climates like the Bay Area. I did that by "over paying" for my solar install in 2003 but at the same time the creative financing that Solar City brought to the market enabled tremendous volumes (and a price war from the Chinese government helped of course but that is a different story).

I also want to go to space for less than $20M on a 1960's tech space ship to a kludged together of modules. Back when Regan's Star Wars vision was creating capital availability for companies like Rotary Rocket and DC-X I was hoping that would finally be the point where regular commercial access to space was made possible. It died and I spend a couple of decades wondering if we'd die as a species on this planet. Now Bezos and Musk are racing to create a capability that promises to take me to orbit for significantly less cash, I'm all for the product and so I want the companies working on that product to succeed.

It wasn't until the decade of the idle billionaire that this even became possible.

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

#127
post #34

Really great news! But something that shouldn't be overlooked is the discounts they gave in Q3 to push deliveries up. First, those that know me know that I am a Tesla FANATIC. My girlfriend once challenged me to not talk about Tesla (motors, energy, something) for a 24 hour period. I dunno if I've ever done that honestly. I'm also an owner (no surprise given my fanaticism, lucky to be able to afford one). And I also…

> "I also happen to know a lot of the people who bought a heavily discounted Tesla in Q3 feel kind of burned that right at the beginning of Q4 Tesla announced the new Autopilot hardware (that isn't retrotfitable on old vehicles). " Wow I guess this is the best proof of how Tesla is really changing the way auto owners think, this is something that wasn't unthinkable before Tesla and their over the air updates. Can you…

I am complaining about my recently purchased 2016 Mercedes e-class doesn't include similar autopilot features as 2017 e-class.

Check :)

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

#128

Really great news! But something that shouldn't be overlooked is the discounts they gave in Q3 to push deliveries up. First, those that know me know that I am a Tesla FANATIC. My girlfriend once challenged me to not talk about Tesla (motors, energy, something) for a 24 hour period. I dunno if I've ever done that honestly. I'm also an owner (no surprise given my fanaticism, lucky to be able to afford one). And I also…

Out of interest, what levels of discount were on offer?

http://i.imgur.com/6X1zqDp.png

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

#129
post #68

Earlier quoted context omitted.

You sure? Cause in this analogy, the 2015 model was at a serious discount while the 2016 has no discount at all.

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…

> 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."

Is this not what "hey this 1-2 year old model is on super duper sale right now, it's really cheap, you should buy it!" means? Is a steep discount on older stock not always code for "better shift these before new model comes out"?

You see Apple fanboys fall for this one every time, too. "Yay I got a new iPhone 5 last week and it was SO CHEAP, I'm a genius... wait wtf they just announced the iPhone 6."

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

#130
post #80

Earlier quoted context omitted.

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

The fact that they 'don't sell through dealers' just means that they are the dealer. All of the usual sales guff still applies.
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