991–1000 of 1001 posts
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Of course it will be high. Transit is a huge market. They would just need a small share of Uber, lyft, regular taxis, public transit.
Private taxis don't compete with public transit. They operate in completely different spheres
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The problem is not how well Tesla's FSD works, compared to other FSD from other manufacturers. The problem is that Musk has been promising it for almost 10 years and it is still not sufficiently stable to be rolled out and relied upon by car owners. FSD is only actually "ready" in terms of the whole "don't need to own a car for personal transport" when there can be passengers and no driver. When Mom can dispatch the…
> When Mom can dispatch the family car to pick up the kids from school. Tech level, I agree--that's FSD. But even if we had that tech today, Mom ain't sending the car without getting a police visit. You can't even let your kids go to the local playground alone anymore. They're not going to be captain and first mate alone in a vehicle if the Karens have anything to say about it.
Yet they are perfectly fine to ride on their own for an hour in the train or tram.
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>Self-driving isn't a sensor problem. It always was, is, and always will be an AI problem. AI + cameras have relevant limitations that LIDAR augmented suites don't. You can paint a photorealistic roadway onto a brick wall and AI + cameras will try to drive right through it, dubbed the "Wile E. Coyote" problem.
Will humans?
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> BYD is eating Tesla for lunch For some reason my Youtube echo chamber is trying to convince me that BYD makes so many cars but cannot sell them. It's really bizarre. Other things it's trying to convince me of "Don't get an electric car. Period", "Ukraine won. Done deal", "Trump is devastated" about something else every day. Yes I do want the latter two to be true and it's playing on that but I don't get the BYD thi…
BYD is selling a lot of cars, but they're also making a lot more cars than they can sell at sticker price in China, as does every other Chinese car company. This oversupply leads to all kinds of distortions, like dealerships registering cars as "sold" to make their sales targets and then selling those brand-new cars as "used" at a discount. https://www.reuters.com/business/autos-transportation/local-... Maybe your Yo…
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I can't remember when was the last S/X refresh. It's nuts they just let it go stale and shut the factory down.
Musk's goal all along was to get away from boutique production. He wants to sell millions of cheaper cars, not thousands of cars for wealthy people. Not sure it's going to work out. Without some big jumps in battery tech, EVs are going to be difficult to sell without subsidies.
Five years ago, during the 2021 Q1 earnings call, Musk was asked about Models S and X. He responded: > I mean, they’re very expensive, made in low volume. To be totally frank, we’re continuing to make them more for sentimental reasons than anything else. They’re really of minor importance to the future.
As someone who isn’t deep into Tesla, I honestly don’t know what they have to offer that 3 and Y doesn’t. Now the Roadster, I could see make sense as a trophy car that rubs off coolness and sportiness to the rest of the lineup
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I own the Y and drove the S as a loaner. The S is a noticeably better car. Also has 1000hp.
I've got a 2025 Model 3 and was blown away by what a great vehicle it is for the price point. I'd be curious how much of a difference there is between and S and a Model 3 Performance.
TIL that Model S hasn't been as popular. But hopefully when the 2nd gen Roadster finally gets released that it will fill in the slight gap left by Model S's discontinuation.
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Pure logic would dictate that Tesla has a market cap of around $5B. It's actually fraudulent that it's not, and for some reason the SEC allows Musk to lie on every earnings call without repercussion.
A 5B market cap would imply a P/E ratio of 1.3 and a P/FCF ratio of 0.8, which essentially would be saying “this business is only worth approximately what it made last year”. The corresponding multiples for other auto makers are typically in the high single digits. Even if you believed Tesla’s whole business would collapse tomorrow (i.e. revenue goes to zero) book value is ~83B and net cash is ~29B.