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Tesla Q1 2021 Results

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Re: Tesla Q1 2021 Results

#31

Post by sgw928 »

scottmsul wrote: post #13
Plough_Jogger wrote: post #5

One interesting tidbit: they appear to be reporting a $272M in revenue from the sale of Bitcoin holdings

This is interesting, I would have expected a loss. I recall MSTR had to report a loss in 2020 even though it went up a lot, due to how GAAP works with bitcoin. Basically if you buy bitcoin (or any property) at $X, then it dips to $Y, then goes back up to $Z, you have to report the difference between X and Y (purchase price - lowest point) as a GAAP loss.

That $272M number is proceeds from selling digital assets, not profits.

Re: Tesla Q1 2021 Results

#32

Post by wlesieutre »

asien wrote: post #21
11thEarlOfMar wrote: post #2

"Model 3 was the best-selling premium sedan in the world, outselling long-time industry leaders such as the 3 Series and E Class. This demonstrates that an electric vehicle can be a category leader and outsell its gas-powered counterparts." I find this to be a major milestone in the transition to BEV. This is an achievement.

> I find this to be a major milestone in the transition to BEV. This is an achievement. While I agree it would be great if we had 0 emission vehicles, today EV in US or Germany run largely of coal , hence battery production is anything but green... Thus I still don’t see the point of what’s called « Transition ». Climate change is real , but at the moment without nuclear fusion I fail to see how this is going to chan…

Germany has more solar than coal

https://energy-charts.info/charts/energy_pie/chart.htm?l=en&...

Re: Tesla Q1 2021 Results

#33

Post by jocker12 »

11thEarlOfMar wrote: post #2

"Model 3 was the best-selling premium sedan in the world, outselling long-time industry leaders such as the 3 Series and E Class. This demonstrates that an electric vehicle can be a category leader and outsell its gas-powered counterparts." I find this to be a major milestone in the transition to BEV. This is an achievement.

This is a very tricky presentation of the larger image. The document mentions the "Premium Sedan" category market, not the entire market.

So looking at the Premium Sedan market share in the US (which is arguably the most important market in the world) the numbers show a 1% decline in sales for 2020 - "The midsized car segment continues to lose share in the US car market in 2020. Sales were down 22% in an overall market down 14%. As a result the share of midsized cars drops by 1 percentage point to 10.2%, and in absolute numbers, the 1.5 million sales make this the lowest year of this millennium and long before it." - from https://carsalesbase.com/us-car-sales-analysis-2020-midsized...

So while the premium sedan category (including Tesla 3) is declining overall, Tesla is reporting to its shareholders the "great achievement" of winning that sales declining race.

Re: Tesla Q1 2021 Results

#34

Post by tw04 »

asien wrote: post #21
11thEarlOfMar wrote: post #2

"Model 3 was the best-selling premium sedan in the world, outselling long-time industry leaders such as the 3 Series and E Class. This demonstrates that an electric vehicle can be a category leader and outsell its gas-powered counterparts." I find this to be a major milestone in the transition to BEV. This is an achievement.

> I find this to be a major milestone in the transition to BEV. This is an achievement. While I agree it would be great if we had 0 emission vehicles, today EV in US or Germany run largely of coal , hence battery production is anything but green... Thus I still don’t see the point of what’s called « Transition ». Climate change is real , but at the moment without nuclear fusion I fail to see how this is going to chan…

> today EV in US or Germany run largely of coal

No? Coal accounts for 11% of US energy production. 7.5% for Germany.

https://www.eia.gov/energyexplained/us-energy-facts/

https://www.statista.com/statistics/736640/energy-mix-german...

Re: Tesla Q1 2021 Results

#36

Post by ProAm »

brianwawok wrote: post #28
ERD0L wrote: post #23

Earlier quoted context omitted.

Model 3 is a premium sedan ? Oh :/ Where are my paint color options, ventilated seats ? What about parts for my local car shop ? Did they forgot the safety features unique to german cars ?

Now compare 0-60 and infotainment systems. Is premium how fast the car goes, or how many paint colors it comes in? Different people have different requirements. You are likely paying over 100k to get a car as fast as a model 3.

It's still not a premium car.

Re: Tesla Q1 2021 Results

#37

Post by reducesuffering »

11thEarlOfMar wrote: post #2

"Model 3 was the best-selling premium sedan in the world, outselling long-time industry leaders such as the 3 Series and E Class. This demonstrates that an electric vehicle can be a category leader and outsell its gas-powered counterparts." I find this to be a major milestone in the transition to BEV. This is an achievement.

I'm surprised by how micro-managey Tesla is with their Model 3/Y prices. Most manufacturers release a static MSRP for that model year. However, Tesla the past year was dropping prices $500-$1,000 periodically. And then as of last month, has raised prices $500-$1,000 twice.

Re: Tesla Q1 2021 Results

#38

Post by dubcanada »

pcbro141 wrote: post #7

Do you think Apple regrets not buying Tesla ~2017-2018 when they had the chance, given indications they are working on an Apple Car? Why or why not?

Why would they? They make so much money it's not even funny. Tesla is also a very different beast then iPhones, who knows if it would have been as successful.

Re: Tesla Q1 2021 Results

#39

Post by asien »

brianwawok wrote: post #25
asien wrote: post #21

Earlier quoted context omitted.

> I find this to be a major milestone in the transition to BEV. This is an achievement. While I agree it would be great if we had 0 emission vehicles, today EV in US or Germany run largely of coal , hence battery production is anything but green... Thus I still don’t see the point of what’s called « Transition ». Climate change is real , but at the moment without nuclear fusion I fail to see how this is going to chan…

Coal is 20% not most https://en.m.wikipedia.org/wiki/Coal_power_in_the_United_Sta... It’s not an either or problem. It’s an also problem. Make power plants cleaner and make cars cleaner. Hit it from Both ends.

> Coal is 20% not most

You’re right ! US has shifted from coal ... to Natural Gas !

I don’t think that this is solving the problem , natural gas comes from fracking ... but it’s definitely a small win knowing how big is America and how much less natural gas produces CO2.

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