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For reference: they did 139k in Q3 2020 and 184k in Q1 2021. That's pretty nice growth, but still much less than any major car company.
Considering they are a new company on a manufacturing time scale, it's pretty impressive.
Earlier quoted context omitted.
It's far far worse. Tesla is probably the only company in the world that produces\designs its own batteries, motors and electronics. Most "competitors" are just buying batteries\electronics from a vendor and shoving it in. Tesla partnered with Panasonic and created their own custom modules(2170), now they plan to do everything with the newly announced 4680(from raw materials to products). They are truly unmatched.
Ah yes, most companies just buy batteries from Panasonic and shove them in their cars, but the galaxy brains at Tesla instead buy batteries from Panasonic and shove them into “custom modules” which is clearly materially different.
Panasonic was crucial at the begining with their own designed\made 18650. their role is shrinking fast
Tesla's expertise when it comes to batteries is unmatched in the auto-motive industry, no doubt about that.
Tesla is not using Panasonic at all for their new batteries.
For reference: they did 139k in Q3 2020 and 184k in Q1 2021. That's pretty nice growth, but still much less than any major car company.
Average price per vehicle is much higher than other brands. In terms of revenue in dollars, It seems they are on track to surpass Nissan next year, no?
Tesla had automotive revenues of 19 billion usd in the first two quarters of 2021.
Earlier quoted context omitted.
Not to disagree,but for different perspective 1. How long has Tesla been manufacturing vs Rivian 2. How does Tesla compare to Toyota I feel it's all apples and oranges both ways. They're all in different manufacturing maturity place
> They're all in different manufacturing maturity place That's true, but the electric car race began with the Model 3 and is going to continue to outpace Rivian 50x next year if the volume expectation are correct [on both sides]. Rivian coming out with these cars is unlikely to capture much of the market anyways, given they're both over $65k. It's like Rivian's 10 years behind Tesla in maturity (besides their range f…
Do people remember how much shit Tesla went through?
This is a blowout quarter. They are well on their way to sell maximum cars this year in their history.
Doesn't their stock valuation count on basically every year being better than the last for a long time to come?
Wow, didn't realize there was such a discrepancy between Model 3/Y volume and Model S/X volume. I expected it to be substantial but not a 25x difference.
There is also the absurdity of spending $100k+ on an asset that depreciates so heavily. My spouse and I make enough money to afford this car without much thought, but there isn’t a chance in hell I’d light that much money on fire.
The other day I heard someone say that Rivian intends to deliver 40,000 vehicles next year, total. Musk runs his mouth on a lot of stuff, but it's pretty hard to knock his manufacturing when he's got a 20x lead on the competition. Hell, I was blown away by how quickly Starlink went from concept to reality, but figures like these really help put the scale into perspective. It's like capitalism down to a science, for b…
It's far far worse. Tesla is probably the only company in the world that produces\designs its own batteries, motors and electronics. Most "competitors" are just buying batteries\electronics from a vendor and shoving it in. Tesla partnered with Panasonic and created their own custom modules(2170), now they plan to do everything with the newly announced 4680(from raw materials to products). They are truly unmatched.
Not all automakers have done things that way though, and other automakers are able to complete with Ford. Vertical integration can sometimes be an asset, other times the "Not Invented Here" culture proves limiting. Tesla's had incredible success thus far, but we probably need a couple more decades to see if they maintain their first mover advantage or if other players end up being more agile and more successful.
0: https://www.caranddriver.com/news/a23478147/ford-river-rouge...
For reference: they did 139k in Q3 2020 and 184k in Q1 2021. That's pretty nice growth, but still much less than any major car company.
Considering they are a new company on a manufacturing time scale, it's pretty impressive.
Earlier quoted context omitted.
Average price per vehicle is much higher than other brands. In terms of revenue in dollars, It seems they are on track to surpass Nissan next year, no?
Nissan is forecasting 9.75 trillion yen (88 billion usd) in net revenue for 2021. Tesla had automotive revenues of 19 billion usd in the first two quarters of 2021.
The first two quarters are much slower for car sales; for example in 2020, Tesla shipped 178k units in Q1+Q2 and 319k units in Q3+Q4.
Tesla had sales of 31.5B in 2020, and have 73% growth between Q3 2020 and 2021, which indicates they could hit 50B in 2021, and could hit close to 90B in 2022 if they continue the same YoY growth. Nissan is stagnant. It's reasonable to assume that Tesla is on track to surpass Nissan next year (2022).