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

cnbc.com

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

#31

Post by peutetre »

bobthepanda wrote: post #20
gravescale wrote: post #9

I still have never understood the valuations. Sure, they'd make sense if Tesla ended up being the only game in town, forever. But even though they undoubtedly have been streets ahead in many places for a long time and Western manufacturers have been caught on the back foot, the Asian players are snapping at their heels, and (some of) the Western brands are slowly waking up. And even if they weren't, I don't see how T…

With the recent NACS deals they have basically also become the charging network of choice in North America, which is certainly worth something.

With North America slowing working toward a common EV plug and CCS winning the charging standard war, North American EV charging will become more like Europe. Charge any brand of EV on any brand of charging network, just as nature intended. No more vendor lock in.

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

#32

Post by arcticbull »

DustinBrett wrote: post #30
DonHopkins wrote: post #27

Earlier quoted context omitted.

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.

People will continue to call you out in this way because when asked "what do you think they do better" you replied with some handwaving nonsense. If you replied with some specific points, ideally quantifiable and backed by data, you would get quite a different response.

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

#33

Post by Eddy_Viscosity2 »

fred_is_fred wrote: post #23
speedgoose wrote: post #12

Earlier quoted context omitted.

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.

There was the whole diesel-gate thing with volkswagen which was pretty shadey.

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

#34

Post by vkou »

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.

People also do things like travel to and buy products from Germany without thinking about the actions of the previous people running that country.

One difference is that a man in the high castle is running Tesla today.

(...Not that I have a lot of love and goodwill for other industrialists in the general.)

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

#35

Post by viraptor »

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.

It starts being less likely though. The plan was to make the expensive models fund the mass production. The cheap versions of 3 already happened, meanwhile other expensive brands got higher level driver assist, and other cheap brands got both lower cost and better quality of low end. They're months away from not being ahead at this point and there's nothing announced yet that could change it. What do you think they can keep executing on?

They still have the charging network, but that's due to everyone else failing more than them succeeding. At some point someone else will overtake them too.

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

#36

Post by gnfargbl »

fred_is_fred wrote: post #23
speedgoose wrote: post #12

Earlier quoted context omitted.

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.

Even more importantly from a strictly business point of view, the CEO of VAG isn't telling his engineers to make the customer experience significantly worse to save $50 of parts on a $50k vehicle.

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

#38

Post by dmbche »

sschnei8 wrote: post #11

Steering has gone out twice on a family member’s Model Y. N=1 example but plenty of other companies now make EVs and they do a decent job of it… shedding 29% still leaves the company at an astronomical valuation, ~100bn larger market cap than Toyota.

Also, steering-by-wire is not exclusive to electric cars, it's common ICE's as well - so it's even more apalling to have catastrophic steering failure on a new car, it's not the bleeding edge of tech.

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

#39

Post by hervature »

DustinBrett wrote: post #26
deadbabe wrote: post #18

Earlier quoted context omitted.

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.

Tesla's most recent 10-K (numbers in millions of $):

"""

Automotive sales: 78,509

Automotive regulatory credits: 1,790

Automotive leasing: 2,120

Services and other: 8,319

Energy generation and storage segment revenue: 6,035

"""

Which part are you referring to when you say cars is a small part?

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

#40

Post by alkonaut »

DustinBrett wrote: post #24
peutetre wrote: post #21

Earlier quoted context omitted.

Far ahead in what?

Building the future.

Last time I checked there is basically zero revolutionary things with Teslas cars, their battery tech, or manufacturing processes. Whatever advantage they had in range, charger network, manufacturing, side-businesses etc at least superficially seems to be pretty marginal. Sure, a marginal advantage can be huge in a competitive market, but building the future sees to be a bit hyperbolic.

Oh, in the US they started off with revolutionizing the buying experience. But that of course only worked because the US dealer model was there to be disrupted. Elsewhere that advantage didn't exist either.

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