Tesla -- Take Your Profits

[Weather Man]

It is interesting watching the other car makers announce EV after EV coming down the pike and Tesla thinking it will not impact their market share. I have no idea when the tipping point stock pricewise will come, but it will be breathtaking to watch. These are not Chevy Volts.

Full details on the vehicles have not been released, but GMC is promising true off-road capability and a model with 1,000 horsepower that can accelerate to 60 mph in three seconds.

GMC HUMMER EV teased in photos ahead of fall reveal

 

[SID297]

I actually think the Volt architecture was the electrified solution that made the most sense for the most people. The Caddy version wasn't bad either.

 

[Weather Man]

I actually think the Volt architecture was the electrified solution that made the most sense for the most people. The Caddy version wasn't bad either.

That being said, I sold Chevy and we couldn't give them away.

 

[7998]

Meh, I heard the same thing when the Porsche Taycan was coming out. People buy Tesla's because they want to be part of the brand, it's not just because they need a car, it's the image.
People that own Tesla's aren't going to cross shop GM's. Very few people that own F-150's will go look at a Cybertruck and those that buy a Cybertruck weren't looking at F-150's. It's the reason the stock price is so high, people just want to be a part of Tesla.

 

[SID297]

That being said, I sold Chevy and we couldn't give them away.

True story.

 

[Weather Man]

Meh, I heard the same thing when the Porsche Taycan was coming out. People buy Tesla's because they want to be part of the brand, it's not just because they need a car, it's the image.
People that own Tesla's aren't going to cross shop GM's. Very few people that own F-150's will go look at a Cybertruck and those that buy a Cybertruck weren't looking at F-150's. It's the reason the stock price is so high, people just want to be a part of Tesla.

There are a LOT more people that buy from mainstream dealerships and like the convenience, just how many "gotta have Tesla" customers are really out there? When all the mainline brands have EV on the lot across the the USA, what is Tesla's market share?

 

[7998]

There are a LOT more people that buy from mainstream dealerships and like the convenience, just how many "gotta have Tesla" customers are really out there? When all the mainline brands have EV on the lot across the the USA, what is Tesla's market share?

Well there is 350k people a year from what I understand that gotta have one. And it doesn't matter, it's like trying to convince an I-phone person that the Samsung is better, they're still going to buy an I-phone.

 

[Weather Man]

Well there is 350k people a year from what I understand that gotta have one. And it doesn't matter, it's like trying to convince an I-phone person that the Samsung is better, they're still going to buy an I-phone.

350K units makes Tesla a $10 stock, if that. It will be interesting to see how it works out. I think dealer network matters, but we'll see.

 

[Fat Boss]

IMO, TSLA is kinda like AMZN was back in the day. Pouring money into the business at the expense of current profits. Yeah, yeah, the profit for the last quarter was all gov subsidies. I get that. I also get that they are investing a TON of money into the semi truck, batter technology, and new factories worldwide. They are light years ahead of other automakers in terms of battery technology and manufacturing. They're going to be licensing that technology and/or selling the batteries to other automakers.

 

[Weather Man]

IMO, TSLA is kinda like AMZN was back in the day. Pouring money into the business at the expense of current profits. Yeah, yeah, the profit for the last quarter was all gov subsidies. I get that. I also get that they are investing a TON of money into the semi truck, batter technology, and new factories worldwide. They are light years ahead of other automakers in terms of battery technology and manufacturing. They're going to be licensing that technology and/or selling the batteries to other automakers.

The battery tech is their mantra, like the other guys aren't trying. If the other guys have acceptable range, Susan doesn't care.

 

[13COBRA]

I think Tesla will end up getting out of the auto industry and focus on other avenues. I've spoken to numerous members of Tesla, and they have all explained their dismay with the ROI of the auto industry compared to other industries they are prepped for.

 

[ON D BIT]

IMO, TSLA is kinda like AMZN was back in the day. Pouring money into the business at the expense of current profits. Yeah, yeah, the profit for the last quarter was all gov subsidies. I get that. I also get that they are investing a TON of money into the semi truck, batter technology, and new factories worldwide. They are light years ahead of other automakers in terms of battery technology and manufacturing. They're going to be licensing that technology and/or selling the batteries to other automakers.

They don’t have profits to put back into their company. Their accounting is fraudulent. Their stock price is being pushed up and held by cartel and China money so Elon can get his bonus. The only way Tesla stays afloat is with billions in government grants.
Elon is worse than Bernie maddoff. Oh yes they lost $710 million last quarter.

 

[IA Shelby]

Agree w/ 13cobra. Listen to their last earnings call. Auto is not their long term focus. By the time other manufacturers catch up in autos they will be 3 moves down the chess board deep into other markets and segments. Tesla is a tech company much more than an Auto Manufacturer.

 

[Fat Boss]

The battery tech is their mantra, like the other guys aren't trying. If the other guys have acceptable range, Susan doesn't care.

Range is sooo 2015. They'll all have range. What do you think the single most expensive part of an electric car is? Hint: it's not the motor(s). Susan cares about cost/value.

 

[GTSpartan]

Oh yes they lost $710 million last quarter.

What's your point? They made a little money (contrary to what you keep saying) during one of the most economically turbulent times in U.S. history.

GM sold 1.5M cars last quarter and still lost $800M, with Ford likely doing significantly worse when they report. What does that say about the industry giants who have had decades to hone their craft?

Like 13Cobra said, the ROI in the auto industry is a joke compared with most other industries. Tesla is thinking way bigger picture than the others.

 

[CobraBob]

I would think that ROI concern by Tesla would increase when it becomes necessary to spend more money on auto engineering/tech to stay ahead of the new entries like GM and Ford. So I definitely agree with Nick that Tesla will eventually bow out of auto making and focus on other ventures that offer better ROI.

 

[q6543]

$TSLA stock has nothing to do with their cars.

 

[ON D BIT]

What's your point? They made a little money (contrary to what you keep saying) during one of the most economically turbulent times in U.S. history.

GM sold 1.5M cars last quarter and still lost $800M, with Ford likely doing significantly worse when they report. What does that say about the industry giants who have had decades to hone their craft?

Like 13Cobra said, the ROI in the auto industry is a joke compared with most other industries. Tesla is thinking way bigger picture than the others.

My point being is that Elon is a thief and a fraud. You don’t have to believe this. He is incapable of telling the truth and is incapable of doing anything that will not enrich himself.

I know full well Ford will be losing upwards of $6 billion this quarter.

 

[ON D BIT]

$TSLA stock has nothing to do with their cars.

You are correct. It has to do with how much money China and Mexico pours in to help Elon hit his bonus. Greatest stock manipulation of our time.

My mistake they only lost $710 million in q1 and 2. I had said q2 previously.

 

[BlksvtCobra01]

That being said, I sold Chevy and we couldn't give them away.

Lutz was so proud of that ugly piece of trash.


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