Earlier quoted context omitted.
Compare with Toyota's head start of approximately 66 years for some perspective.
They're literally building them in an old Toyota plant, that at peak output was 426,000 vehicles annually.
Tesla reports first quarterly profit in more than three years
181–190 of 290 posts
Re: Tesla reports first quarterly profit in more than three years
#182Earlier 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.
Even in the case the 2015 model was heavily discounted? Seems like a classic deprecation strategy.
Re: Tesla reports first quarterly profit in more than three years
#183Earlier quoted context omitted.
Model 3 is going to cost $35k, and like $28k after incentives. It will SAVE about $1500/year on gas and $500 on maintenance. This is cheaper than a Honda Civic. Are you sure you aren't interested at this price?
Really? I have a 20 year old Honda del Sol--which is essentially a 2-seater Civic variant--on which I spend under $500/yr on gas and under $500/year on maintenance. That's not typical I'm sure--and I do have another vehicle--but you can't claim your numbers as general savings.
Re: Tesla reports first quarterly profit in more than three years
#184Earlier quoted context omitted.
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 whil…
> cynic or perhaps nihilist Nonsense. It is a perfectly reasonable perspective for someone who isn't terribly interested in technological development and wants to live practically with what exists today. There's a place for dreaming about Mars, but most people don't. That's fine, and it has absolutely nothing whatsoever to do with cynicism or nihilism.
Re: Tesla reports first quarterly profit in more than three years
#185Cashed in a large amount of ZEV credits, for a one-time revenue bump of $140MM. Excluding that, GAAP loss was $117MM. Big increase in accounts payable. But, all things considered, that's not bad.
Good point to note the ZEV credits. The first time they showed a profit that was part of it. But those credits keep on coming, they aren't necessarily a one time thing. Other car companies that don't produce electric cars in abundance or at all will have to keep buying them until they do.
I believe I have read elsewhere that although GM will sell the Bolt in all 50 states, early inventory will be going to states with ZEV mandates.
With all that, I could see a future in which those ZEV credits aren't nearly so valuable.
Re: Tesla reports first quarterly profit in more than three years
#186Earlier quoted context omitted.
Really? I have a 20 year old Honda del Sol--which is essentially a 2-seater Civic variant--on which I spend under $500/yr on gas and under $500/year on maintenance. That's not typical I'm sure--and I do have another vehicle--but you can't claim your numbers as general savings.
Can you really compare a 20 year old honda del sol to a new model 3 (when it comes out obvioulsly) though? I don't have anything against used cars, but its apples and oranges. You can totally claim those numbers as savings, in an apples to apples comparison to a similar class car from a close year.
[ADDED: The mass-market Tesla is going to still be a premium vehicle relative to other options. There's nothing wrong with that. But it's unrealistic to expect that crunching the numbers the right way will make Tesla the optimal financial decision for everyone.]
Re: Tesla reports first quarterly profit in more than three years
#187Earlier quoted context omitted.
That means I have to drive it for 15 years before it's 'free'... That's a long time to go with one car. Edit: Still a (relative) good deal though, depending on what car you'd otherwise have bought.
You don't need the car to be "free" though. If you were going to buy a Civic in any case, you were going to get the intrinsic value of getting around in a decent car. Now you're getting the same thing and in addition, a little spare change. If the numbers that person quoted are correct, it's a strictly better deal.
Re: Tesla reports first quarterly profit in more than three years
#188Earlier quoted context omitted.
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 whil…
> You wouldn't have a cell phone, and especially a data connection, if not for the space program. Is that so? Can you give me a source?
Re: Tesla reports first quarterly profit in more than three years
#189Really 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…
By the way, huge fan of HashiCorp Mitchell. ;-)
Re: Tesla reports first quarterly profit in more than three years
#190Earlier quoted context omitted.
> "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 :)