Tesla lost $710 million in q2.
Tesla lost $710 million in q2.
We can hate on Tesla all we want (it's pretty fun), but they've achieved escape velocity as a company, and nothing can stop them now. Way too much $ behind them. Amazon, Apple, Facebook, the list goes on and on hemorrhaged money for years. Look at them now. Laws and regs all across the globe are playing right into their hands. Operationally speaking, they'll hire the right people, implement the right systems, and figure out how to make money. Hell, look at the big 3......They need to sell millions of units a year just to break even. It's those guys that need to be worried about becoming the next Blockbuster video.
Comparing them to other car companies in pointless and futile. They are clearly not being viewed in the same universe as them. There are very, very few companies since the start of the industrial revolution that truly created a sea change. Tesla may just be one of them.
I despise Tesla by the way.
Way too much money behind them just like Bernie Madoff...We can hate on Tesla all we want (it's pretty fun), but they've achieved escape velocity as a company, and nothing can stop them now. Way too much $ behind them. Amazon, Apple, Facebook, the list goes on and on hemorrhaged money for years. Look at them now. Laws and regs all across the globe are playing right into their hands. Operationally speaking, they'll hire the right people, implement the right systems, and figure out how to make money. Hell, look at the big 3......They need to sell millions of units a year just to break even. It's those guys that need to be worried about becoming the next Blockbuster video.
Comparing them to other car companies in pointless and futile. They are clearly not being viewed in the same universe as them. There are very, very few companies since the start of the industrial revolution that truly created a sea change. Tesla may just be one of them.
I despise Tesla by the way.
Way too much money behind them just like Bernie Madoff...
The trouble is that making money matters, and the other car makers are poised to flood the market with competing cars with an actual dealer network to support consumers everywhere. If Musk thinks China will let an American company have more than a sliver of its market, he is in for a very rude shock.
Tesla has serious image/quality issues to deal with as well. He can't sell his vehicles without a government subsidy. This was true 5 years ago and its true today! The bigger problem is that elon does not want to fix them, its all an allusion for him. When one car fails he changes his gimmick, 18 wheel/flame thrower/sports coupe/tunnels/truck/and now finance. He wants full control and has no revenue. He will keep states and governments and cartels funding his pet projects that will keep him insanely rich on paper until he's dead or behind bars.GM has a 13% share, which amounts to more cars than what they sell in the U.S. No reason to believe they can't grow significantly in China. Political and macro economic conditions can definitely be volatile though.
Yes, the domestics will be flooding the market, but that doesn't necessarily threaten Tesla. Most of the other OEM's have serious perception/image problems that they have to deal with. That will be MUCH more difficult to solve for than Tesla figuring out how to make money selling cars.
GM has a 13% share, which amounts to more cars than what they sell in the U.S. No reason to believe they can't grow significantly in China. Political and macro economic conditions can definitely be volatile though.
Yes, the domestics will be flooding the market, but that doesn't necessarily threaten Tesla. Most of the other OEM's have serious perception/image problems that they have to deal with. That will be MUCH more difficult to solve for than Tesla figuring out how to make money selling cars.
If a greenie is looking at an electric they can buy and take to a local dealer versus no local dealer, Tesla will lose most of the time. You underestimate the convenience factor. The big 3 electric pickups will annihilate Tesla because when guys trade in their ICE, they are most likely buying whatever brand they are loyal to.
I remember looking at new SUV's and wanted to buy Acura, problem being nearest dealer was over an hour away and local Honda dealer said any warranty work had to be done at the Acura dealer, didn't buy.
Tesla has serious image/quality issues to deal with as well. He can't sell his vehicles without a government subsidy.
50%? I’m seeing stagnant numbers. And that’s with subsidies and no competition. Not a good sign.Don’t disagree one bit.
What most people are having trouble grasping is Tesla is being valued on it’s potential for growth, not past performance. They sell what, 350k ish cars this past year or something like that vs. Ford on the order of 5 million globally. One is growing sales on the order of 50% + YoY, while they other has been largely stagnant for years, and will continue to do so. One is still quite young and far from operationally sound, and hasn’t been able to really make any money, while the other has had over a 100 years to get it right, and still has laughably low and pathetic margins. Seriously, how do you sell millions of cars a year AND still find a way to lose money? Somehow the U.S. makers fairly consistently do that.
This is part of what is driving all the insanity around Tesla vs. the conventional makers.
50%? I’m seeing stagnant numbers. And that’s with subsidies and no competition. Not a good sign.
Every out of state car in china has a ridiculous tax on it except Tesla. In HK Tesla went from selling 3k a month to 5(total) in 3 months all because the subsidy ran out.Pretty much doubled their sales each year except last. Keep looking for excuses. Their prospects for growth are exponentially larger than virtually all other manufacturers.
And stop with the stupid subsidy argument. Half the companies in the U.S. wouldn’t be in business if it weren’t for the gov’t tit (excuse me, taxpayer tit). The free market hasn’t existed in the U.S. for a LONG time. Winner and losers are picked every day. Business is booming for the lobby industry.