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Tesla reports first quarterly profit in more than three years

reuters.com

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

#221
post #166

Earlier 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.

Speaking of savings, it's funny how no one is including safety in this breakdown of cost.

The Model S/X are considered some of the safest vehicles on the planet, even breaking testing equipment, while I'm not convinced you'd do as well in that 20 year old del a Sol (or any older vehicle for that matter).

And once you start dealing with kids and safety, it becomes even more important.

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

#222
post #169

Earlier quoted context omitted.

> 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?

The integrated circuit came out of Apollo[1], and apparently the cellphone camera came from NASA's work[2]. Not sure about the rest. We wouldn't have GPS, obviously. You can credit a lot of stuff to the space program if you want, since all tech is built on other tech, and NASA was a big source of R&D in the 1950s onward. [1] https://www.hq.nasa.gov/alsj/apollo-ic.html [2] http://www.space.com/10635-space-spinoff-tech…

To continue this train of thought, the entire reason Silicon Valley exists in the first place is because of Department of Defense spending: https://www.youtube.com/watch?v=ZTC_RxWN_xo (aka Big Government spending.)

The foundations of the web were laid down by Tim Berners-Lee while working at CERN, a huge, expensive physics research organisation funded by European governments: https://en.wikipedia.org/wiki/CERN#Computer_science

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

#223
post #194
post #57

Earlier quoted context omitted.

This is extremely anti-consumer, and I don't understand why you are being down-voted.

A point of clarification: you are able to use the car with a human operator in any ridesharing service. Tesla is saying that you can't share out your car on Uber's platform, with it operating at full autonomy, while you chill on your couch.

Just Uber, or any (speculative) fully autonomous rideshare service?

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

#224
post #198

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…

Considering how most of his current businesses exist thanks to gov't incentives/tax advantages in the domains, there are legitimate criticisms to the way in which his businesses are run. Though I think it's proof the system works! Offer tax incentives for electric cars, get electric cars. Though it seems like Musk isn't making a super sustainable business just yet.... Solar City is arguably "good solar", but that com…

> Considering how most of his current businesses exist thanks to gov't incentives/tax advantages in the domains, there are legitimate criticisms to the way in which his businesses are run.

Many of his Detroit competitors wouldn't exist/would be a shadow of their current selves if it wasn't for a massive bailout in 2008. Why is this never mentioned? If this is how low the bar is set (bailing out large, badly-managed companies) then why shouldn't the government provide incentives for exciting new industries that promise to provide huge wealth and employment in the future?

Furthermore, many of Tesla's non-US competitors are given generous subsidies, e.g. German car makers[1]

> Offer tax incentives for electric cars, get electric cars.

Everyone always mentions this also, what about fossil fuel subsidies (a gigantic, highly-profitable, self sustainable industry)? To tune of $5.3 trillion per year globally[2] You could argue that the loan provided to Tesla (now paid off in full, with interest, ahead of schedule) was just leveling the playing field.

What about the devastating human rights impact of backroom dealings with the likes of Saudi Arabia? What is a few hundred million in subsidies compared to cloak and dagger political dealings with with one of the most repressive, backwards regimes on the planet, simply because they are the main oil producer? [3] The funders/supports of Al Qaeda, the Taliban, ISIS, provider of most of the 9/11 hijackers, not to mention the same people who spread their twisted branch of Islam in European countries, by refusing to take Syrian refugees from the conflict they fund, instead funding extremism in Europe through Wahhabist mosques [4] [5]. When the solar PV industry and the EV industry become mainstream and cost competitive with fossil fuels (a process well underway [6]), this backwards regime will collapse in on itself through the lack of funding, and will totally cease to matter strategically. So we get a cleaner environment, and less human rights abuses in the world.

> Though it seems like Musk isn't making a super sustainable business just yet....

Using profit as the only measure of a sustainable business is another classic example of Wall Street short term bullshit. Amazon ploughs most/all of it's revenue into expanding it's operations, withholding profit, and they are currently valued at $390bn[7] Granted, it's still possible that Tesla will fail, but even if it does, Tesla will go down in the history books as the company who finally made the car industry get off it's ass and actually take advantage of lithium ion batteries to mass produce attractive electric cars, getting the world off the oil addiction in the process.

> Also, I imagine there are many people who do _not_ want SpaceX to waste its time sending stuff to Mars, but want it to be a successful sattelite launching company. Meanwhile they're a sattelite launching company that blows stuff up more than average

I suppose the solution is to continue to go with the existing, bloated players, with their fat cost-plus contracts, won by ripping off the government with the help of regulatory capture? [8]

In summary, Musk is attempting to disrupt energy, transport and space launch industries, often against competitors who are heavily subsidised and often have government officials in their back pockets, further tilting that playing field. He's trying to fundamentally disrupt these huge, sometimes corrupt industries, and yet people still shit on him for trying. I really, really don't get this attitude. Even if all his companies fail, he forced the competitors to up their game, so in fact he will have succeeded at most of his goals (perhaps not the multi-planetary goal for mankind if SpaceX fails).

[1] http://theconversation.com/factcheck-do-other-countries-subs...

[2] https://www.theguardian.com/environment/2015/may/18/fossil-f...

[3] http://www.bloomberg.com/news/features/2016-05-30/the-untold...

[4] http://www.pbs.org/wgbh/pages/frontline/shows/saudi/analyses...

[5] http://www.independent.co.uk/news/world/europe/saudi-arabia-...

[6] https://www.youtube.com/watch?v=Kxryv2XrnqM

[7] https://finance.yahoo.com/quote/AMZN?ltr=1

[8] http://www.latimes.com/business/la-fi-spacex-investigation-2...

"Coffman’s congressional district includes United Launch Alliance’s headquarters. Many of the congressmen represent states where ULA has operations."

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

#225

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…

> 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…

>but taking on the Wall Street quarter to quarter thinking with enormous

It's delusional to think that Tesla isn't in bed with the big banks and playing all the Wall Street games. In fact, I think they do it more than any prominent company out there.

If they don't play "quarter to quarter" games, what was the big rush to sell all the ZEV credits this quarter to get profitable? Why not just carry on as they were? My bet: there's another capital raise coming, and the argument will be, "See? We can be profitable whenever we want."

But I'm more concerned with TSLA the stock, not the company.

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

#226

Earlier quoted context omitted.

... at a considerable cost to taxpayers in what was essentially a large upward wealth transfer. It might be worth it in the end, but call a spade a spade.

In the US gas is subsidized to hell. It's not even close compared to EV credits paid out.

Gasoline is not subsidized, it is heavily taxed.

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

#227

Earlier quoted context omitted.

> 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?

All satellites for many years were only launched as part of the space race between the US and the USSR. Of course there would be no satellite communication without the space program. https://en.wikipedia.org/wiki/Explorer_1

But cell phones aren't satellite phones. Am I missing something? Do cellular networks rely on satellites indirectly?

I'm not talking about GPS, which isn't an essential feature of cell phones.

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

#228
post #198

Earlier quoted context omitted.

Considering how most of his current businesses exist thanks to gov't incentives/tax advantages in the domains, there are legitimate criticisms to the way in which his businesses are run. Though I think it's proof the system works! Offer tax incentives for electric cars, get electric cars. Though it seems like Musk isn't making a super sustainable business just yet.... Solar City is arguably "good solar", but that com…

> Considering how most of his current businesses exist thanks to gov't incentives/tax advantages in the domains, there are legitimate criticisms to the way in which his businesses are run. Many of his Detroit competitors wouldn't exist/would be a shadow of their current selves if it wasn't for a massive bailout in 2008. Why is this never mentioned? If this is how low the bar is set (bailing out large, badly-managed c…

>simply because they are the main oil producer?

You realize that the US is a net oil exporter now, right? The SA regime will collapse because of many factors.

Your comments read like you believe everyone in the world is corrupt except Elon Musk.

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

#229

Earlier quoted context omitted.

When you buy a lot of computing equipment, there's a clause in the contract saying that you can't use it to control a nuclear power plant. Do you own the computer?

I think that is because of the law. This clause is more like Microsoft saying you can't use Windows to write software for Apple computers.

It doesn't change the fact that you still own the hardware on which the software is executed.

You own the car and the computer but you don't own the autopilot software or windows that runs on the hardware.

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

#230
post #169

Earlier quoted context omitted.

> 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?

The integrated circuit came out of Apollo[1], and apparently the cellphone camera came from NASA's work[2]. Not sure about the rest. We wouldn't have GPS, obviously. You can credit a lot of stuff to the space program if you want, since all tech is built on other tech, and NASA was a big source of R&D in the 1950s onward. [1] https://www.hq.nasa.gov/alsj/apollo-ic.html [2] http://www.space.com/10635-space-spinoff-tech…

Eh, so IC was invented and commercialized before Apollo, but Apollo was instrumental in accelerating the development of ICs. That's a far cry from "we wouldn't have cell phones without NASA"...
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