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Tesla reports steep drop in profits despite US rush to buy electric vehicles

theguardian.com

31–40 of 81 posts

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#31
post #10

Earlier quoted context omitted.

The Nazi salute was the end of it for a lot of folks who had given him grace for awhile What a monumental fall

Perhaps they will buy a Ford or Volkswagen instead.

Two companies that aren’t currently being run by people throwing nazi salutes; great choices.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#32

Just guessing, but wouldn't surprise me if most luxury brands are struggling at the moment. I don't think this is the right time to buy a brand new, luxury car for most people. Considering the inflation, unemployment and uncertainty.

Is Tesla a luxury brand?

They don’t sell a car over 62000€ in Europe.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#33
post #10
post #3

>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month. WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.

The Nazi salute was the end of it for a lot of folks who had given him grace for awhile What a monumental fall

[dead]

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#34
post #23

Is anyone buying Teslas in blue states, since Twitter/X, Nazi saluting, DOGE, etc.?

Only those who don’t care about what’s happening and keep their heads down in order to maintain their perfect and convenient lives.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#35

Just guessing, but wouldn't surprise me if most luxury brands are struggling at the moment. I don't think this is the right time to buy a brand new, luxury car for most people. Considering the inflation, unemployment and uncertainty.

Is Tesla a luxury brand? They don’t sell a car over 62000€ in Europe.

Tesla is not a luxury brand, but they ask for premium prices, compared to the value (worst in ADAC statistics on repairs)

“ In 1974, a new car cost an average of 5320 euros. The average income was 13,928 euros per year, so a buyer had to work for an average of 4.6 months for a new car. 20 years later, it was already 7.4 months per new car. Until 2019, this number remained stable, but then it skyrocketed. Today, a buyer has to spend all his income from 9.6 months of employment to buy a new car. For more expensive e-cars, it is even 11.4 months. The reason is stagnant incomes, but also high profit margins of the manufacturers.” https://www.tagesschau.de/wirtschaft/verbraucher/kosten-auto...

From my personal perspective, as an employed software engineer, all cars over 50k are luxury.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#36

Just guessing, but wouldn't surprise me if most luxury brands are struggling at the moment. I don't think this is the right time to buy a brand new, luxury car for most people. Considering the inflation, unemployment and uncertainty.

Is Tesla a luxury brand? They don’t sell a car over 62000€ in Europe.

I think insurance considers Teslas to be luxury vehicles?

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#37
post #10

Earlier quoted context omitted.

The Nazi salute was the end of it for a lot of folks who had given him grace for awhile What a monumental fall

Perhaps they will buy a Ford or Volkswagen instead.

Just try and VW ID7 or Audi A6 etron.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#38
post #3

>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month. WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.

It's almost entirely milestone/incentive based. Should Tesla continue on this trajectory, he won't see a dime. Tesla has to hit an $8 trillion market cap, deliver 20 million vehicles, and 1 million robotaxis, and $400 billion in adjusted earnings. Were Tesla to hit those numbers in the specified time frame, Musk's comp would be worth every penny to investors.

Earn cool 19k on each of the 21 million cars sold? That is some hefty margins to get to those earnings... Especially when you have Chinese models to compete with.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#39
post #8

Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competi…

But they did introduce a cheaper sedan this month. It happens to be called the Model Y as well. This is unambiguously true. I think your reading comprehension needs work. It's not saying this is the only Model Y or that there is no other Model Y.

Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles

#40

Just guessing, but wouldn't surprise me if most luxury brands are struggling at the moment. I don't think this is the right time to buy a brand new, luxury car for most people. Considering the inflation, unemployment and uncertainty.

Is Tesla a luxury brand? They don’t sell a car over 62000€ in Europe.

and they dont sell one under $40k in the US, that buys you two toyota corollas
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