Taking Ketamine has its disadvantages.....
kiki voinea
Stuttgart Specialist
The Y got even cheaper.
In a world of more and more expensive cars , this type of news are welcomed
Kudos to Tesla and BYD and other chinese manufacturers for lowering the price of their cars.
www.arenaev.com
In a world of more and more expensive cars , this type of news are welcomed
Kudos to Tesla and BYD and other chinese manufacturers for lowering the price of their cars.
Tesla Model Y gets cheaper across Europe
The new prices are up to 8.1% lower than before.
www.arenaev.com
Timing...?
Now competitors can be or do whatever they want, tie it, surpass it or sell less, but no one started 15 years ago and no one will take away the fortune they amassed, just like Henry Ford at the time and so many others, by basically showing the way.
In this case, the who laughs first laughs best
1.6m vs 1.8m so, not yet
If the past couple of weeks of expert analysis on the forum from people with references to Mercedes in either their username or avatar have taught me anything, you can basically make up any shit you want about sales to make whatever point you want... but for the sake of transparency, in Q4 it was true.
In other news...
Elon Musk doesn't understand shares, threatens ALL shareholders with premeditated decrease in value, and explains why Tesla doesn't pay a dividend (hint: it's not about reinvestment) ...
Elon Musk gives Tesla ultimatum: Another 12% of shares or no AI, robotics
Although 95% of its revenue is automotive, Musk says Tesla is a robotics/AI company.
arstechnica.com
... and - shocker - ... Musk Cultists defend it!
kiki voinea
Stuttgart Specialist
I personally don't defend Tesla. I am glad that chinese are taking the pace to a new level. I really like what they do. BYD and NYO have really good looking cars and good pricing. Me as a double Tesla owner am glad that chinese are gaining market.If the past couple of weeks of expert analysis on the forum from people with references to Mercedes in either their username or avatar have taught me anything, you can basically make up any shit you want about sales to make whatever point you want... but for the sake of transparency, in Q4 it was true.
In other news...
Elon Musk doesn't understand shares, threatens ALL shareholders with premeditated decrease in value, and explains why Tesla doesn't pay a dividend (hint: it's not about reinvestment) ...
Elon Musk gives Tesla ultimatum: Another 12% of shares or no AI, robotics
Although 95% of its revenue is automotive, Musk says Tesla is a robotics/AI company.
... and - shocker - ... Musk Cultists defend it!
You know why?
BECAUSE THIS MEANS COMPETITION. THIS MEANS BETTER PRICING . BETTER PRODUCTS.
Yesterday Tesla lowered the price for the Y because of this ! WIN WIN for me as an end user and buyer.
Only haters like you see bad things in this. Tesla is up by 20% , but "iT's So bAd"....Give me a break
Why do Tesla haters like you point out this stupid stuff , like , "wow it's so bad that Tesla is losing the battle to chinese manufacturers" , and NEVER point out HOW MANY EVs DO EUROPEAN MANUFACTURERS SELL???
By the way , how many EVs did German manufactuers sold in 2023?
VW: 395.000
BMW: 375.000
MERCEDES 220.000
AUDI:175.000
Total: 1.165.000 (Rounded numbers)
*I don't know about Porsche, Opel, Cupra, Skoda and others VW group brands
kiki voinea
Stuttgart Specialist
Exactly my point. All german manufacturers , COMBINED , did not sell as many cars as Tesla sold.
But still , "Tesla is doing so bad because BYD has surpassed them"...ffs...
And again , I am glad that BYD is doing so well. And also glad that german car makers don't.
WBarnes
Subscriber
Tesla topped expectations on the top and bottom lines in the second quarter. Revenue climbed 47% year over year to $24.9 billion, and generally accepted accounting principles (GAAP) net income increased 20% to $2.7 billion.But Wall Street fixated on margin compression. Tesla reported an operating margin of 16.8% last year, the highest among volume carmakers, but that metric fell to 9.6% in the second quarter as the company cut vehicle prices to stimulate demand amid challenging economic conditions.Given the choice, management would make the same decision again, rationalizing that it makes sense to prioritize volume right now because autonomous driving technology will ultimately be the primary source of profitability.
To quote Musk, "It's better to ship a large number of cars at a lower margin, and subsequently harvest that margin in the future as we perfect autonomy."Going forward, the bull case for Tesla centers on two large opportunities: electric vehicles and autonomous driving technology.
Tesla gained market share in battery electric vehicles (BEVs) through the first half of 2023, due in part to the Model Y becoming the best-selling vehicle of any kind in the first quarter. The company accounted for 21.8% of BEV sales through June, up from 19% in the same period last year, and nearly seven percentage points ahead of its closest competitor.
Better yet, Tesla still has one of the highest operating margins in the auto industry, and Musk attributes that success to manufacturing prowess and innovation. For example, Tesla produces battery packs (the most expensive component of an electric car) at a lower cost per kilowatt-hour than other automakers, and its leadership is expected to last through the decade, according to Cairn Energy Research Advisors.Tesla plans to press its advantage with a potentially revolutionary assembly process at Giga factory Mexico, where vehicle production will begin in 2025. The so-called "unboxed" assembly process could cut manufacturing costs in half and reduce factory footprint by 40%, according to Reuters.
To quote Musk, "It's better to ship a large number of cars at a lower margin, and subsequently harvest that margin in the future as we perfect autonomy."Going forward, the bull case for Tesla centers on two large opportunities: electric vehicles and autonomous driving technology.
Tesla gained market share in battery electric vehicles (BEVs) through the first half of 2023, due in part to the Model Y becoming the best-selling vehicle of any kind in the first quarter. The company accounted for 21.8% of BEV sales through June, up from 19% in the same period last year, and nearly seven percentage points ahead of its closest competitor.
Better yet, Tesla still has one of the highest operating margins in the auto industry, and Musk attributes that success to manufacturing prowess and innovation. For example, Tesla produces battery packs (the most expensive component of an electric car) at a lower cost per kilowatt-hour than other automakers, and its leadership is expected to last through the decade, according to Cairn Energy Research Advisors.Tesla plans to press its advantage with a potentially revolutionary assembly process at Giga factory Mexico, where vehicle production will begin in 2025. The so-called "unboxed" assembly process could cut manufacturing costs in half and reduce factory footprint by 40%, according to Reuters.
Aren't activists supposed to be pro EV's? Or are there pro and con activists? difficult......
Tesla stops production at Berlin factory after arson attack by activists
German EV plant forced to close as nearby pylon damaged; CEO Elon Musk calls attack 'extremely dumb'
www.autocar.co.uk
Tesla stops production at Berlin factory after arson attack by activists
German EV plant forced to close as nearby pylon damaged; CEO Elon Musk calls attack 'extremely dumb'
Tesla Berlin Gigafactory restarts after arson attack by activists | Autocar
German EV plant is reopened earlier than expected after repairs to damaged pylons were accelerated
Sunny
Premium
No. Model 2 is supposed to be build in Texas at first. And then also Mexico once the new factory there is ready.
Between incentives/duries and transportation costs, China is not the cheapest place to manufacture cars for NA market.
Tesla’s Low-Cost EV Will Be Made In Texas First, Mexico Later, Musk Confirms
The outspoken CEO boasted that “The revolution in manufacturing that will be represented by that car will blow people’s minds.”
insideevs.com
Centurion
Apex Apex Predator
This will likely be additional layoffs in Q3 or Q4. I’m not surprised that the $25k Model 2 has been cancelled. There is no point in launching it if there is a surplus of Model 3 stock on the models and nearly new EVs discounted by 15-20%.
www.theverge.com
Tesla lays off ‘more than 10 percent’ of its workforce, loses top executives
At least 14,000 employees are believed to be impacted.
www.theverge.com
kiki voinea
Stuttgart Specialist
Elon said that it isn't cancelled. But this does not mean it's not delayed....This will likely be additional layoffs in Q3 or Q4. I’m not surprised that the $25k Model 2 has been cancelled. There is no point in launching it if there is a surplus of Model 3 stock on the models and nearly new EVs discounted by 15-20%.
Tesla lays off ‘more than 10 percent’ of its workforce, loses top executives
At least 14,000 employees are believed to be impacted.
Anyway , there is a slow in demand. Either is a global thing ,or a EV thing , or a Tesla thing , remains to be seen.
Centurion
Apex Apex Predator
I wonder what's next for Tesla after the cybertruck and roadster.
As far as tech is concerned, EVs have peaked. There is no value to doing 0-62 mpg faster than 2.8-3.1 second. Greater range would be handy but that will be mitigated by improved charging infrastructure and speed.
The only way up is to go down in price. BYD are launching a convince onslaught of affordable and well equipped EVs in Europe.
Luxury and badges will still matter but even a 2021 Model 3/Y will be competitive in 2025-2026.
How do you make older models obsolete without disproportionate R&D spend.
As far as tech is concerned, EVs have peaked. There is no value to doing 0-62 mpg faster than 2.8-3.1 second. Greater range would be handy but that will be mitigated by improved charging infrastructure and speed.
The only way up is to go down in price. BYD are launching a convince onslaught of affordable and well equipped EVs in Europe.
Luxury and badges will still matter but even a 2021 Model 3/Y will be competitive in 2025-2026.
How do you make older models obsolete without disproportionate R&D spend.
kiki voinea
Stuttgart Specialist
Unfortunately for Tesla , tech is not helping them right now.
Battery tech has peaked ( Solid State could be an answer , but there is absolutely nothing cheap and feasible out there )
Longer range is the answer.
Other than that , making a car cheaper does not look like an answer.
And is simple to see why: A median 30k car right now is what absolutely any mid class family can have .
Under than 30k , other problems come in place : Charging network...
So far , Tesla is doing great with the network . But if a 20k car would be released , imagine the massive flood of cars....The network would become useless.
Cheaper cars in places like India? Good luck with that ( charging network / even the electricity grid is an issue )
If Tesla wanted to release a 25k car , they would have done it (the delay is here to stay ) . But 25k is not that much lower than a 35k Model 3 ( and you can get a Model 3 even for less than that )
And by the way , the second hand market is booming right now . I see lots of transports with second hand Teslas on highways. Because 3-4 years old Teslas are still very good , the tech is good , and you can get one for 20k or less.
On the other hand , Tesla is pretty meh in the late years.
I was expecting more from them. They are a little to lazy , IMO. And greedy.
AndreB
Autobahn Adventurer
Tesla must completely refresh its current designs not just the bumpers and add ambient light to improve sales, I see so many of them now that I rather drive a BYD Seal.
tristatez28lt1
Tire Trailblazer
I, as many, have fully lost trust in musk.
https://electrek.co/2024/05/03/read...sending-to-suppliers-amid-supercharger-chaos/
https://electrek.co/2024/05/03/read...sending-to-suppliers-amid-supercharger-chaos/
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Tesla
Tesla, Inc. is an American multinational automotive and clean energy company headquartered in
Austin, Texas. It designs, manufactures, and sells electric vehicles, stationary battery energy
storage devices from home to grid-scale, solar panels and solar shingles, and related products
and services. Incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors,
the company's name is a tribute to inventor and electrical engineer Nikola Tesla. In February
2004 Elon Musk joined as the company's largest shareholder and in 2008 he was named CEO.
Official website: Tesla
Official website: Tesla
