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The Y will mostly cannibalize 3 sales, but will be good for a few quarters’ pop.
I thought the Y was most similar to the X? Am I missing something?
I have been a longtime bull, but their stock value is now up over 140% in the last 3 months and I can't say I fully understand why.
Short squeeze I think.
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I guess they could also have lost an almost equally insane amount if things had gone south?
No... I wouldn't consider $500 in capital losses an "equally insane amount"...
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> I thought the Y was most similar to the X? IMO, all Tesla vehicles (so far) are pretty similar to each other. On the one hand, Y is a less expensive X. On the other hand, Y is a bigger 3 with a hatch back. I'm not an expert in automotive consumer behavior, but I have to imagine that Y will cannibalize some amount of 3 sales. I also don't think that will matter that much - there is so much demand for Tesla vehicles…
Also, Ys are more expensive, meaning an increased bottomline if they really displace 3s.
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I think so too, and I think they know that. It sounds like they are "only" planning to ramp US production from the current rate of ~400k total units per year to just over 500k per year. Of course, with China coming online, that still leaves a net increase. It sounds like they may have backed away from some of the more extreme high end projections for the Y. It looks like worldwide production may double within 1-2 yea…
According to their own figures, they have capacity to produce 650K, but only project 500K deliveries next year. Why is that?
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I thought the Y was most similar to the X? Am I missing something?
Its pretty in between as far as size goes. But it shares many parts with the 3 and most importantly is much closer to the 3 on price. The 3 Dual Motor Long Range is about $48k and the Y is $50k. The X Dual Motor Long Range is $80k. So if it will probably take some sales from both the 3 and X. But X sales aren't very significant compared to 3 sales anyway.
I have been a longtime bull, but their stock value is now up over 140% in the last 3 months and I can't say I fully understand why.
Stocks sometimes aren't rational. It's just speculation/hype.
Congrats to the whole Tesla team + SpaceX. Crushing things. It's taken a long time, but it's all starting to pay off.
I have been a longtime bull, but their stock value is now up over 140% in the last 3 months and I can't say I fully understand why.
If the Tesla cars start throwing off profit and make the company self-sustaining, their vertically-integrated energy thing opens the kind of insanely huge global energy market. They're not just going to eat Ford's lunch - but also Chevron, Saudi Aramco and your local energy company.