Their cars today are much better than when sales were at their peak. Getting politics to get in the way of good engineering is a real shame.
Totally agree, let the guy do his nazi salute, who cares about politics?? Car go vroom!
Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
221–230 of 378 posts
Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#222Earlier quoted context omitted.
There's zero chance that Musk will have suddenly "solved" FSD in a day, a week, or a year. He's not an engineer; he's a money man, and a grifter. That's why people keep giving Tesla money: because Musk has fooled so many people into believing he's this amazing engineer, who could, possibly, "solve" FSD overnight—and, moreover, has gotten them to buy into it so deeply that they have tied their identity into that belie…
Well he certainly wouldn't but the engineers working for Tesla might, with a probability that is very low but greater than 0. It's much higher (but still low) in 1 year, 5 years, 10 years. Tomorrow is a metanym for the future. But to be very clear I not only don't think they will but I don't think that they think they will, or they wouldn't be shifting focus to Optimus. I'm not invested in Tesla except for my exposur…
The question of whether they will solve FSD is not very relevant if everyone ends up solving it roughly at the same time.
Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#223Earlier quoted context omitted.
That's an uncommon experience. Tesla is a very strong leader for faults, breakage, and costly maintenance/repairs in the 3-5 year old segment. See any European comprehensive car inspection statistics report.
Take the reports with a grain of salt. Tesla does not mandate maintenance. The cars in the reports are the ones who left factory and get checked after 3 years of intensive use without any maintenance. Check the light alignment, check rust in the brakes and check the suspension and the inspection will be fine. Still cheaper than 400-600€ bi-yearly coolant refill from other manufacturers. Plus Tesla has published repai…
Teslas have too much play in bearings and steering column (from new) and unlike every other manufacture out there they refuse to follow the standards and says it is how it is supposed to be. This forces owners to pay to get a factory problem fixed with zero help from Tesla, otherwise their car will not pass inspections.
Also, it isn't normal for a 3-year-old car to risk dropping a wheel. You should read some more about this before you defend them.
EDIT: Here is a reddit thread about the problem (and an article in Norwegian):
>"Almost half of all Tesla Y fail mandatory tech inspection in Denmark and make headlines for it; similar numbers in Tesla-country Norway."
>"The most common issue remains slack in the wheel alignment and suspension, found in 22% of TMY's, as opposed to .1% of ID4's."
https://www.reddit.com/r/electricvehicles/comments/1qmbm81/a...
Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#224Earlier quoted context omitted.
It's a cult. Really. This is a stock devoid of any connection to reality, fundamentals, products, anything. All that matters is that Musk is on the nameplate. Do not bet against the ability of people in a cult to remain irrational in the face of overwhelming evidence. Do not touch the cult.
If it's a cult why BlackRock is heavily invested in TSLA? Should not be they more rational (e. g. look at P/E ratio and other financial stats).
With entities like BlackRock. There is always on which part of money they manage they are simple followers. Index funds simply follow indexes. They can not decide not to invest according to set out rules.
And when you get to active management, those managers might not either be that good. And it works as long as market keeps going up.
Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#225Earlier quoted context omitted.
There's a lot of true believers who think Tesla+Musk will crack self driving and/or humanoid robots any day now.
I am so confused when I read things like this because my Tesla model 3 is effectively self driving for me for months now. Hundreds of miles without intervention. No other car I can buy can do this yet
The data from their self driving pilots disagrees even if it works for you. Its simply not read to be a taxi that makes money by itself.
It might a nice feature for your car to have. But most people aren't paying for it, the conversion rate is very low.
So they are not making money from taxis and not making much money from software sales.
So does it matter that for you personally it drives you around sometimes?
Even if you price in a 4x increase in FSD buy conversion ratio, you can't explain the stock price.
And I say this as a former Tesla investor who assumed that conversion ratio would be better then it is. But for that reason (and many others) I couldn't justify the valuation and dropped the stock.
Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#226Earlier quoted context omitted.
I am so confused when I read things like this because my Tesla model 3 is effectively self driving for me for months now. Hundreds of miles without intervention. No other car I can buy can do this yet
Months where you’re still required to be paying attention. Meanwhile 2 years ago Mercedes-Benz Drive Pilot a level 3 system let you sit and watch a movie without paying attention to the road. Personally that’s way more useful for me even if they didn’t let you turn it on at highway speeds.
People need to stop with this. The MB system was level 3 on like 0.1% of roads only in 5% of cases when you actually where on that road.
That's kind of like saying 'look this algorithm is awesome' if we feed it all the data in the optimal order.
Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#227[dead]
Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#228The mystery I can wrap my head around is how Tesla has avoided getting hammered despite being hit from a hundred different directions. What exactly is the market pricing in? They peaked around 2021, and even after posting multiple quarters of disappointing results, the stock is still trading above 2021 levels. For almost any other company, slightly lowering guidance or missing estimates by a few percentage points sim…
The market discounts future returns but it is unclear and shifting what proportion of those returns are from the operations of the company in the market it sells products in and what proportion comes from the operations of traders in financial markets. More plainly, traders discount returns from buybacks and dividends financed by the operations of the company and returns from selling their shares to "greater fools".…
Really it's just pricing in musk fusing all of his business under the tesla name.
Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#229Earlier quoted context omitted.
I thought this was the greatest product demo https://www.youtube.com/watch?v=R40IDdAkRZM I struggle to imagine what the US version of this intimidating propaganda movie would look like. My mind renders only pictures of square dancing.
China is absolutely crushing everyone mostly across the board in technology these days. It's comical today, but will just be embarrassing soon. The only bit visually we see China a little behind is AI but I suspect they have much better closed/unreleased models, and the fab/chip space, but they'll close that gap in a short few years I'd expect.
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Re: Tesla Sales Down 55% UK, 58% Spain, 59% Germany, 81% Netherlands, 93% Norway
#230The mystery I can wrap my head around is how Tesla has avoided getting hammered despite being hit from a hundred different directions. What exactly is the market pricing in? They peaked around 2021, and even after posting multiple quarters of disappointing results, the stock is still trading above 2021 levels. For almost any other company, slightly lowering guidance or missing estimates by a few percentage points sim…
I agree with you. I personally dropped my stock when it was clear that the bull thesis had collapsed.
I had priced in, margin staying the same or going slowly down. FSD not working but achieving at least a decent amount of software sale conversion. Service to become a profit center. And most importantly, a profitable truck and 'Model 2' program to further push volume. Beyond that, just generally that electrification was ongoing and Tesla had a role to play.
I never considered Robi-Taxi or Human Robots.
All of these failed. Volume didn't continue to go up. Margin couldn't be substantiated. FSD didn't get much buys (not helped by absurdly increasing price). Truck program was a failure (and I don't think its because of the design). And 'Model 2' program was cancelled.
I profited a lot from this stock and I think there was time where the stock-price was reasonable (I don't buy the claim that it was always a pure meme stock). But every quarter it got worse and worse. I can't understand why its still so high either.