251–260 of 332 posts
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I've generally advocated ignoring Musk, but it's impossible to defend him in good faith as a reasonable figurehead for a multinational company. His X page in particular portrays a man who cares deeply about 4chan/pol politics and very little about his car company. If he cared at all, you'd see a better repair process with them. There is a Tesla repair hub in Calgary where I live, and I had to wait 5 weeks for them to…
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So if you don’t look at the Cybertruck, which basically can’t be sold outside North America, they haven’t had a new vehicle in 5 years. If you look at the existing vehicles: - they no longer sell Model S and X in Europe and right hand markets - Model S has had one external visual change since it was introduced, Model X has never had one - the refreshed Model 3 and Y don’t really have any battery or charging improveme…
“Tesla sales rose 7% even as market share fell”. So they’re still selling more cars, but there’s hotter EV competition. I thought that was the goal.
It was the goal to say it out loud to the press and on twitter to gain sympathy and stand tall on the moral high ground.
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The Tesla stock evaluation has little to do with what Tesla is delivering today and a lot more with what investors imagine they will be able to do in the future. Based on their history I'm pretty optimistic that those expectations will not be met, but Tesla somehow still rises in value.
Every time I think about shorting Tesla stock, I remember the adage: The market can remain irrational much longer than you can remain solvent.
Insanity is doing the same thing over and over again, but expecting different results
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Toyota sold the most cars of any auto group in 2024. They seem to understand the car market.
They also spent billions trying to destroy EVs. Don't underestimate power of oil and legacy auto's marketing and political influence.
Boring lineup, Lack of recent innovation, poor repairability and a CEO who has alienated people on both sides of the political isle. The 1 trillion dollar package the board is offering Musk is a joke. They need to find a new CEO.
The 1 trillion dollar package the board is offering Musk is a joke. They need to find a new CEO.
Problem for Tesla is that Musk is the reason it has a 200 P/E ratio (and increasing at that). Without Musk, they are likely to go all the way down to a 15 P/E or less ratio in my opinion because they're decreasing in growth. That'd make them go from being worth $1 trillion today to just $75 billion instantly.
I don't own TSLA but it could crash the market if it drops that low.
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Unlike Tesla, legacy OEMs are prohibited from owning dealerships in the US. They make the same (or more) money selling the parts to an independent shop. They only lose out on things like certification / training / diagnostic equipment with third party shops that don't buy everything the way a dealership is required to. The relationship between dealerships and OEMs is complicated, incestuous and fundamentally adversar…
Tesla are also prohibited from running OEM dealerships by most states. That they went with online sales only was an incredibly smart move and they cut out an unwanted middleman. I’ve been following Tesla for a long time. I made a small fortune investing in them in 2012. The folks at Tesla Motor Club were very happy to buy directly from Tesla.
Ever notice how defense of corruption is often described as something being a "genius move" by one company, totally discounting that the same move is illegal for all their competitors. Usually, to mask the open corruption, this is then masked as a detail of some law, or multiple laws. A law which when looked at is really complicated and detailed and "just happens" to target every competitor except one company?
The detail in question is that almost all US states prohibit "direct sales", meaning car manufacturers have to sell through independent dealerships. So technically you can buy a Ford online, just not from Ford, you have to go through a dealership. The exception in a number of states is that you can buy a car from the manufacturer if there are no dealerships ... and Tesla never had any dealerships. The other car manufacturers can't sell online, because their dealerships are independent, and they are legally forced to treat them equally. They'd have to force dealerships into bankruptcy and only then they'd be allowed to sell online. Not the dealerships in a particular state, mind you, all of them, across the entire US.
Of course, other vendors that are in the same position as Tesla, don't get this advantage, for example BYD, but also a number of European and even an Indian automaker that only have dealerships in a very limited number of states, and should, in theory, be allowed to sell cars directly in most states. Well, they're not allowed. Trade deals, tariffs, ... but somehow they can't do it (perhaps this is why Elon Musk joined Trump, if so, it would make Musk and Trump not just corrupt, but incompetent at corruption, given the title of this ycombinator story)
See how the "genius move" of Tesla really works? It is not at all the decision to sell online. The genius move of Tesla is exactly the opposite of what you claim: Tesla opposes online sales of cars, and for this to be enforced legally. Against everyone but Tesla, of course.
Of course, anyone who has gone to a Tesla demonstration knows that there is zero actual difference between a car dealership where you check out a physical car and then order on a computer over the internet with a salesperson assisting, and a Tesla demonstration where you check out a physical car and then order on a computer over the internet with a salesperson assisting.
And, obviously, yes, Musk is still lobbying and has lobbied [1] (ie. paid money to politicians) to keep things this way. Of course, other car manufacturers also lobby. I guess Tesla pays better.
[1] "Tesler, great buy!" Trump https://www.nbcnews.com/tech/elon-musk/trump-musk-tesla-whit...
Boring lineup, Lack of recent innovation, poor repairability and a CEO who has alienated people on both sides of the political isle. The 1 trillion dollar package the board is offering Musk is a joke. They need to find a new CEO.
The 1 trillion dollar package the board is offering Musk is a joke. They need to find a new CEO. It's an attempt to rally the stock. It's tied to a $8.6 trillion valuation. It's basically a stunt for the public. Problem for Tesla is that Musk is the reason it has a 200 P/E ratio (and increasing at that). Without Musk, they are likely to go all the way down to a 15 P/E or less ratio in my opinion because they're decre…
TSLA is about 2% of the s&p. If they crash I think the market will shrug that off easily. Tesla's (lack of) success is not tied to the health of the larger market, and everyone knows they are overvalued so there would be no surprise factor either.
Boring lineup, Lack of recent innovation, poor repairability and a CEO who has alienated people on both sides of the political isle. The 1 trillion dollar package the board is offering Musk is a joke. They need to find a new CEO.
The 1 trillion dollar package the board is offering Musk is a joke. They need to find a new CEO. It's an attempt to rally the stock. It's tied to a $8.6 trillion valuation. It's basically a stunt for the public. Problem for Tesla is that Musk is the reason it has a 200 P/E ratio (and increasing at that). Without Musk, they are likely to go all the way down to a 15 P/E or less ratio in my opinion because they're decre…