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

theguardian.com

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

#41

Post by bagavi »

astahlx wrote: post #35
akmarinov wrote: post #32

Earlier quoted context omitted.

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 buy…

The value derived and average usage of a car has increased too... Also the financing around cars have made it smoother to buy one. Also Electric can demand a premium because they save on gas costs.

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

#42

Post by [deleted] »

astahlx wrote: post #35
akmarinov wrote: post #32

Earlier quoted context omitted.

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 buy…

[deleted]

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

#43

Post by bravetraveler »

akmarinov wrote: post #32
DanOpcode wrote: post #30

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.

Extremely relative. I escaped part of the US where any car that started reliably was luxury. New, or brand selection, was absolutely out of the question.

62k Euros gets a lifetime of used vehicles. I'll say the quiet thing: buying a new car and taking the depreciation is a form of luxury. More about status than getting to the destination.

Dan has a point. I could pay for half of a house right now, committing seems silly until things cool down. Two articles away from being relocated again, despite working remotely.

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

#44

Post by nicce »

iancmceachern wrote: post #40
akmarinov wrote: post #32

Earlier quoted context omitted.

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

Which will outlive Tesla cars at least by decade.

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

#45

Post by r_lee »

lateforwork wrote: post #21
bpodgursky wrote: post #4

Earlier quoted context omitted.

The articles are stupid. It's up to $1T IF he raises the stock price ~7x. It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it". It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.

8.5 trillion in 10 years, is 20% growth per year. For comparison S&P 500 grew 25% last year.

I don't believe we will have such growth at all in the next 10 years unless we get hyperinflation

growing 25% when a company is say 50-100b is a lot different than going towards 10 trillion

and valuations are already so stretched across the board

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

#46

Post by ta9000 »

mindslight wrote: post #29
ta9000 wrote: post #28

Earlier quoted context omitted.

Except for Wyoming.

That's because the map just shows discrete pixels of blue/red, one for each person.

Too true. Beautiful country though and the people were friendly.

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

#47

Post by palmotea »

3eb7988a1663 wrote: post #19
LanceH wrote: post #13

Earlier quoted context omitted.

If a trillion dollars is on the line, could the stock be manipulated to be higher than that for less than a trillion?

Other private Musk companies (SpaceX and xAI) just bought fleets of Cybertrucks. One may wonder what exactly they would do with so many vehicles other than boost Tesla's share price.

They need them for the Mars colony, duh. You can't drive a gas car on the moon.

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

#48

Post by jonway »

DanOpcode wrote: post #30

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.

They also haven’t released a vehicle that is particularly relevant in like 6 years.

Yes, the Cybertruck that nobody really wants, and a Model Y with an extended wheelbase. Yay.

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

#49

Post by pfannkuchen »

jonway wrote: post #48
DanOpcode wrote: post #30

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.

They also haven’t released a vehicle that is particularly relevant in like 6 years. Yes, the Cybertruck that nobody really wants, and a Model Y with an extended wheelbase. Yay.

Why do things have to change constantly? Like the Model Y was insanely different to any other car I’d ever driven not long ago, and Tesla was first to market on actually good electric cars. Why do they have to operate using the same strategy as legacy auto makers? Like a design refresh every 3 years to drive excitement feels manipulative to me, not like something that is absolutely necessary. Are you saying that competitor electric cars are outcompeting them by a wide margin now? I’m not really aware of which ones if so, at least in the American market. AFAIK the electric car program for all of the legacy auto makers is still a money pit for them, is it not?

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

#50

Post by rsynnott »

musicale wrote: post #27
myko wrote: 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.

If Zombie Ford was still going around pushing antisemitic propaganda, this might be a better argument. As it is it’s just a little silly.
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