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Tesla stock drops 29% in first quarter as global dominance wanes

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Re: Tesla stock drops 29% in first quarter as global dominance wanes

#21

Post by peutetre »

DustinBrett wrote: post #13

The company is so far ahead that it doesn't matter as long as they can keep executing on their plans. Not a popular opinion right now because of the Musk hate, but Tesla is not like other companies and Elon is not like other CEO's.

Far ahead in what?

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#22

Post by amou234 »

lesuorac wrote: post #4

> Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for the equivalent of $30,408 in China, a price he acknowledged would mean the company is losing money on each sale Isn't dumping banned by the WTO?

Xiaomi isn't dumping (yet), but BYD is, and US is already keenly aware of Chinese dumping of electric vehicles years ago, that's why US currently has the 25 percent tax on Chinese made autos that Trump started in 2018, and Biden has continued since [1]. And that has so far prevented BYD and its Chinese EV peers (90 makers so far, but looking like 2-3 bankruptcy each month) from entering US market. Republican lawmakers and Trump are also looking to apply a 100% tariffs [2]

Europe, the slow hare to US's rabbit, finally woke up in 2023, but just barely. They kicked off an inquiry into tariffs on Chinese EV vehicles in October 2023, and would take up to a year to finish [3]. These tariffs looks to be retroactive, as they have started requiring Chinese EV vehicles to be registered [4]. Europe, albeit slow witted, probably isn't going to willingly allow China to kill its own car industry, especially since China is actively helping Russia in attacking Europe.

[1] https://www.vox.com/climate/2024/3/4/24087919/biden-tariff-c...

[2] https://fortune.com/2024/03/16/trump-100-tariff-for-cars-mad...

[3] https://www.reuters.com/world/europe/eu-launches-anti-subsid...

[4] https://finance.yahoo.com/news/eu-moves-slap-retroactive-tar...

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#23

Post by fred_is_fred »

speedgoose wrote: post #12
photonbeam wrote: post #5

It’s fairly easy to point at things that have annoyed customers that they call features, like missing wheel stalks and poor autowipers

The CEO too. I know a few people who refuse to buy a Tesla because of him. People buy Volskwagen, Porsche, Ford or Renault cars without thinking about the actions of the previous people attached to the manufacturer.

Your friends have a point. Volkswagen to my knowledge isn't currently actively spreading conspiracy theories or boosting the voices of fascists.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#24

Post by DustinBrett »

peutetre wrote: post #21
DustinBrett wrote: post #13

The company is so far ahead that it doesn't matter as long as they can keep executing on their plans. Not a popular opinion right now because of the Musk hate, but Tesla is not like other companies and Elon is not like other CEO's.

Far ahead in what?

Building the future.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#25

Post by lvl102 »

DustinBrett wrote: post #13

The company is so far ahead that it doesn't matter as long as they can keep executing on their plans. Not a popular opinion right now because of the Musk hate, but Tesla is not like other companies and Elon is not like other CEO's.

So Tesla is not like other companies…that survived secular changes. Tesla demographics changed quite a bit in the past five years.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#26

Post by DustinBrett »

deadbabe wrote: post #18
DustinBrett wrote: post #13

The company is so far ahead that it doesn't matter as long as they can keep executing on their plans. Not a popular opinion right now because of the Musk hate, but Tesla is not like other companies and Elon is not like other CEO's.

They are not far ahead. We’ve seen peak Tesla, competitors are catching up fast.

Tesla has no competition. Cars is a small part of what they do.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#29

Post by DustinBrett »

lvl102 wrote: post #25
DustinBrett wrote: post #13

The company is so far ahead that it doesn't matter as long as they can keep executing on their plans. Not a popular opinion right now because of the Musk hate, but Tesla is not like other companies and Elon is not like other CEO's.

So Tesla is not like other companies…that survived secular changes. Tesla demographics changed quite a bit in the past five years.

Well I don't know what you mean by secular changes. I can't speak to what has changed in the last 5 years as far as staff. But they still seem to be planning big and thinking the same way. They are the slow giant.

Re: Tesla stock drops 29% in first quarter as global dominance wanes

#30

Post by DustinBrett »

DonHopkins wrote: post #27
DustinBrett wrote: post #24

Earlier quoted context omitted.

Building the future.

Sheez. And brainwashing, apparently.

Every time I hear one of you haters, I think the same thing, fyi. The difference is I think about things when they come out and you have your mind set on hating.
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