Teslag said:
And yet Teslas margins are better than the legacy carriers.
They are helped a lot by not having union labor and all of the legacy costs (caused largely by the unions)
Teslag said:
And yet Teslas margins are better than the legacy carriers.
The reason this was so unexpected is lower prices almost never occur at that scale in the new car market. It destroyed resale value for those who bought at the higher price points, particularly corporate fleet buyers who are usually very lucrative customers.Kansas Kid said:techno-ag said:… At the expense of profits? They're HODL to their market share by cutting prices right and left. Hertz and other fleet buyers are abandoning them because they can't get their money back on the trade in market.Teslag said:DDub74 said:
https://www.wsj.com/business/earnings/toyota-motor-reports-rise-in-quarterly-net-profit-as-sales-grew-5324042e
Save you the trouble of reading it but Toyota made record profit led by HYBRID vehicles. What do you know if you offer the consumer a reasonable product That's reliable and doesn't get you stranded people will buy it.
Is that why Tesla has two of the best selling cars in the world and US?
Far from the first company to take advantage of scale to dominate their market. Anyone who didn't realize prices of new products was going to come down in a relatively new market with rapid innovation and rapidly growing scale didn't use their brain. Musk was clear from a long time ago that his model was to start with high prices and then drop them as the production costs went down.
What Hertz was thinking is beyond me. Putting EVs into a rental fleet other than a few token cars is corporate malpractice.
Talk about a Liberal joust....Tesla vs Subaru?! Somewhere, lesbians, hipsters and tree huggers are preparing for battle.techno-ag said:
A Subaru outdoes the Cybertruck off road in almost every way.
https://www.themanual.com/auto/tesla-cybertruck-vs-subaru-crosstrek/Devastating. Funny, but devastating.Quote:
In a recent YouTube video posted by VoyageATX, the stainless steel monstrosity struggled with inclines, terrain features, and even basic offroad functionality. Despite having the option to lock the rear differential in its menu, Tesla has yet to enable this feature. When the YouTuber attempted to lock his Cybertruck's diff, he was instead met with an error message and a promise he would be able to perform the action at some point in the future. The same restrictions applied to front diff locking when that was attempted.
Another nagging fault with the Cybertruck is more of a quality of life issue, but an extreme one at that. Every time the driver left the vehicle, the offroad mode would be disengaged. Said driver would then have to go through the menus and re-enable it before setting off again. As with the differential problems, a lot of these issues will likely be fixed with a software update. But given the marketing for the Cybertruck saw it doubling as a boat and blasting across rivers - its inability to handle a trail is likely a slap in the face to the customers who spent years sitting on a pre-order.
The Subaru, which again starts at just over $30,000, ate every challenge thrown at it without any problems. Its performance was so good that it received compliments from the video host and the Tesla Cybertruck owner himself.
Like I said, Musk was clear what his strategy was and gave ideas as to how he was going to keep lowering costs. He did it with the model S for a number of years before Hertz or any other recent buyer purchased. The Ludicrous mode was about $150k when it first came out. It is $80k with plaid mode and a whole lot of other features. Even if the new car price didn't go down, the used cars would have dropped faster than normal because the EVs including Tesla keep adding features and improving performance such as longer range and better acceleration.techno-ag said:The reason this was so unexpected is lower prices almost never occur at that scale in the new car market. It destroyed resale value for those who bought at the higher price points, particularly corporate fleet buyers who are usually very lucrative customers.Kansas Kid said:techno-ag said:… At the expense of profits? They're HODL to their market share by cutting prices right and left. Hertz and other fleet buyers are abandoning them because they can't get their money back on the trade in market.Teslag said:DDub74 said:
https://www.wsj.com/business/earnings/toyota-motor-reports-rise-in-quarterly-net-profit-as-sales-grew-5324042e
Save you the trouble of reading it but Toyota made record profit led by HYBRID vehicles. What do you know if you offer the consumer a reasonable product That's reliable and doesn't get you stranded people will buy it.
Is that why Tesla has two of the best selling cars in the world and US?
Far from the first company to take advantage of scale to dominate their market. Anyone who didn't realize prices of new products was going to come down in a relatively new market with rapid innovation and rapidly growing scale didn't use their brain. Musk was clear from a long time ago that his model was to start with high prices and then drop them as the production costs went down.
What Hertz was thinking is beyond me. Putting EVs into a rental fleet other than a few token cars is corporate malpractice.
Actually, this is performing like the ICE market when it was at the similar stage in its life cycle.techno-ag said:
The car market is different from consumer electronics though. Tesla has an identity problem as we've discussed here. They want to be seen as a cool tech company but … their product is a car.
It's a good discussion. Nobody is being mean. There are a lot of political implications involved with EVs and they are worth exploring.Medaggie said:
The most amazing thing about this thread is how the 1st page debate is the same as the 119th page debate and nothing has changed.
You guys have way more time and patience than I have. Carry on waiting on the 200th page with the same debate to nowhere.
Sometimes is more manly to know when to stop.
Cost reductions are dependent upon the novelty of the technology being produced. It's a concept called a learning curve that results in a fairly predictable rate of reduction in cost relative to a fixed unit of measure. For a traditional automobile you could benchmark costs against something like horsepower per dollar and by that metric the cost of a basic vehicle has been in perpetual decline since the inception of the internal combustion engine, cost increases for vehicles have been a result of additional technology (touchscreen, seatbelts, airbags, ABS etc.) rather than the inflation surrounding it.techno-ag said:
The car market is different from consumer electronics though. Tesla has an identity problem as we've discussed here. They want to be seen as a cool tech company but … their product is a car.
Well if the EV proponents would just admit that EVs suck and they're a losing proposition that would happen. But, they just don't know when to stop.Medaggie said:
The most amazing thing about this thread is how the 1st page debate is the same as the 119th page debate and nothing has changed.
You guys have way more time and patience than I have. Carry on waiting on the 200th page with the same debate to nowhere.
Sometimes is more manly to know when to stop.
Quote:
Yesterday's BBC article about the Lords bemoaning "misinformation" about EVs mentioned this govt website, which supposedly offers us the truth.
In fact it is pure gaslighting, trying to convince people that the facts say something which they don't:
Quote:
Tesla Inc. sold just one electric vehicle in South Korea in January as a raft of headwinds, from safety concerns to price and a lack of charging infrastructure, weigh on demand.
"Most Koreans who wanted to buy Tesla's cars have bought one," Lee said. "Some people don't like Tesla recently after finding some of them are made in China," with consumers concerned about the quality of manufacturing, he said.
This is misleading.
— Sawyer Merritt (@SawyerMerritt) February 7, 2024
Tesla had one car sale in South Korea in January 2022, 2023 and now 2024. This is because there are no incentives for EVs in January, which is why people wait until February to buy in the country. pic.twitter.com/wYcJilGusj
You're right. I thought you zealots would compare Korea's sales to America's. Instead you went with the "But it's nuanced!" approach.hph6203 said:
Ever read an article that you have an understanding of and think "These people are totally full of *****" That doesn't just happen when you're reading something you disagree with.This is misleading.
— Sawyer Merritt (@SawyerMerritt) February 7, 2024
Tesla had one car sale in South Korea in January 2022, 2023 and now 2024. This is because there are no incentives for EVs in January, which is why people wait until February to buy in the country. pic.twitter.com/wYcJilGusj
techno-ag said:
Tea leaves are out there.
https://fortune.com/asia/2024/02/07/tesla-sells-one-ev-south-korea-in-january-china-charging-battery-fires/amp/Quote:
Tesla Inc. sold just one electric vehicle in South Korea in January as a raft of headwinds, from safety concerns to price and a lack of charging infrastructure, weigh on demand.
"Most Koreans who wanted to buy Tesla's cars have bought one," Lee said. "Some people don't like Tesla recently after finding some of them are made in China," with consumers concerned about the quality of manufacturing, he said.
"But it's the best selling car in America. Yeah everybody buys trucks and SUVs, but it's the best selling car!"
hph6203 said:
Ever read an article that you have an understanding of and think "These people are totally full of *****" That doesn't just happen when you're reading something you disagree with.This is misleading.
— Sawyer Merritt (@SawyerMerritt) February 7, 2024
Tesla had one car sale in South Korea in January 2022, 2023 and now 2024. This is because there are no incentives for EVs in January, which is why people wait until February to buy in the country. pic.twitter.com/wYcJilGusj
If a market can only be supplied by one company with a handful of products, it's not really evolving to be a take-over product, or dominant one.techno-ag said:You're right. I thought you zealots would compare Korea's sales to America's. Instead you went with the "But it's nuanced!" approach.hph6203 said:
Ever read an article that you have an understanding of and think "These people are totally full of *****" That doesn't just happen when you're reading something you disagree with.This is misleading.
— Sawyer Merritt (@SawyerMerritt) February 7, 2024
Tesla had one car sale in South Korea in January 2022, 2023 and now 2024. This is because there are no incentives for EVs in January, which is why people wait until February to buy in the country. pic.twitter.com/wYcJilGusj
nortex97 said:If a market can only be supplied by one company with a handful of products, it's not really evolving to be a take-over product, or dominant one.techno-ag said:You're right. I thought you zealots would compare Korea's sales to America's. Instead you went with the "But it's nuanced!" approach.hph6203 said:
Ever read an article that you have an understanding of and think "These people are totally full of *****" That doesn't just happen when you're reading something you disagree with.This is misleading.
— Sawyer Merritt (@SawyerMerritt) February 7, 2024
Tesla had one car sale in South Korea in January 2022, 2023 and now 2024. This is because there are no incentives for EVs in January, which is why people wait until February to buy in the country. pic.twitter.com/wYcJilGusj
It's interesting we started at least a few dozen pages back with arguments from the pro-EV crowd they wanted to see a diverse/large field of EV competitors, and now it is just harping on about model Y and x or something sales. Well, it's not surprising, but it is interesting, imho. And even so, again in bellweather communist state of California, Tesla's share of EV sales shrunk, and they did overall vs. total vehicle sales, in Q4 2023.
Fascinating, and devastating.
Tesla backloads shipments to California later in the quarter, because their factory is located in California and requires less shipping time. They can't count a vehicle as delivered if it isn't in the customer's hands. Two things happened at the end of Q4. One, they shut down a significant proportion of production to upgrade the Model 3 production lines and refresh the body/interior of the vehicle. There was also a shift in the realization of the EV tax credit from being a refund at tax filing to a point of sale credit meaning in the last several weeks of the quarter a buyer could delay delivery/ordering of a vehicle to Jan 1, 2024 and get the credit at the time of payment rather than having to wait to file taxes and then get the refund while maintaining a higher payment after the refund was received.nortex97 said:If a market can only be supplied by one company with a handful of products, it's not really evolving to be a take-over product, or dominant one.techno-ag said:You're right. I thought you zealots would compare Korea's sales to America's. Instead you went with the "But it's nuanced!" approach.hph6203 said:
Ever read an article that you have an understanding of and think "These people are totally full of *****" That doesn't just happen when you're reading something you disagree with.This is misleading.
— Sawyer Merritt (@SawyerMerritt) February 7, 2024
Tesla had one car sale in South Korea in January 2022, 2023 and now 2024. This is because there are no incentives for EVs in January, which is why people wait until February to buy in the country. pic.twitter.com/wYcJilGusj
It's interesting we started at least a few dozen pages back with arguments from the pro-EV crowd they wanted to see a diverse/large field of EV competitors, and now it is just harping on about model Y and x or something sales. Well, it's not surprising, but it is interesting, imho. And even so, again in bellweather communist state of California, Tesla's share of EV sales shrunk, and they did overall vs. total vehicle sales, in Q4 2023.
Fascinating, and devastating.
hph6203 said:Tesla ships to California later in the quarter, because their factory is located in California and requires less shipping time. They can't count a vehicle as delivered if it isn't in the customer's hands. Two things happened at the end of Q4. One, they shut down a significant proportion of production to upgrade the Model 3 production lines and refresh the body/interior of the vehicle. There was also a shift in the realization of the EV tax credit from being a refund at tax filing to a point of sale credit meaning in the last several weeks of the quarter a buyer could delay delivery/ordering of a vehicle to Jan 1, 2024 and get the credit at the time of payment rather than having to wait to file taxes and then get the refund while maintaining a higher payment after the refund was received.nortex97 said:If a market can only be supplied by one company with a handful of products, it's not really evolving to be a take-over product, or dominant one.techno-ag said:You're right. I thought you zealots would compare Korea's sales to America's. Instead you went with the "But it's nuanced!" approach.hph6203 said:
Ever read an article that you have an understanding of and think "These people are totally full of *****" That doesn't just happen when you're reading something you disagree with.This is misleading.
— Sawyer Merritt (@SawyerMerritt) February 7, 2024
Tesla had one car sale in South Korea in January 2022, 2023 and now 2024. This is because there are no incentives for EVs in January, which is why people wait until February to buy in the country. pic.twitter.com/wYcJilGusj
It's interesting we started at least a few dozen pages back with arguments from the pro-EV crowd they wanted to see a diverse/large field of EV competitors, and now it is just harping on about model Y and x or something sales. Well, it's not surprising, but it is interesting, imho. And even so, again in bellweather communist state of California, Tesla's share of EV sales shrunk, and they did overall vs. total vehicle sales, in Q4 2023.
Fascinating, and devastating.
hph6203 said:
You're overestimating the sophistication of consumers and it absolutely impacts deliveries.
Quote where I said that?hph6203 said:
believing that demand for them fell by 80% in a country overnight while it didn't occur in any other market and believing that Tesla's sales fell by 99.9% for the same period without a more reasonable explanation is pretty wild.
Quote:
Doubling down and claiming the reasonable explanation is indicative of zealotry is doubly wild.
Quote:
Poor Tesla. All those recalls, a CEO whose drug use is allegedly so bad his rich friends on the board reportedly want him to head to rehab, increased competition at home and abroad. And as Valentine's Day approaches, it keeps getting broken up with again and again and again: Investors are ditching its stock en masse, sending it down 24% for the year - a year that's barely in its second month.
The EV manufacturer's stock is the worst performer this year in the S&P 500, which as an index is up 4% so far. That's worse than Boeing, where the "Max" in its 737 Max plane series seems to indicate the number of things that can go wrong, and Etsy, one among the many tech companies laying off staff like mad because business is bad (and not just because they want to keep all their profits to themselves).
techno-ag said:Quote where I said that?hph6203 said:
believing that demand for them fell by 80% in a country overnight while it didn't occur in any other market and believing that Tesla's sales fell by 99.9% for the same period without a more reasonable explanation is pretty wild.Quote:
Doubling down and claiming the reasonable explanation is indicative of zealotry is doubly wild.
No. I said you guys are zealots, not that a "reasonable explanation" (by your standards) is indicative of zealotry. You guys really are. Heck, Salute the Vaccine even changed his username to Teslag. Come on, you gotta admit that's fanboy level zealotry right there.
Not that there's anything wrong with that. You're allowed to be zealous about whatever in this country. But an analysis of your arguments, even prognostications as to which tack y'all will try, is certainly within the bounds of civil discourse.
I think there's a place for EVs. They make for ok golf carts.Kansas Kid said:techno-ag said:Quote where I said that?hph6203 said:
believing that demand for them fell by 80% in a country overnight while it didn't occur in any other market and believing that Tesla's sales fell by 99.9% for the same period without a more reasonable explanation is pretty wild.Quote:
Doubling down and claiming the reasonable explanation is indicative of zealotry is doubly wild.
No. I said you guys are zealots, not that a "reasonable explanation" (by your standards) is indicative of zealotry. You guys really are. Heck, Salute the Vaccine even changed his username to Teslag. Come on, you gotta admit that's fanboy level zealotry right there.
Not that there's anything wrong with that. You're allowed to be zealous about whatever in this country. But an analysis of your arguments, even prognostications as to which tack y'all will try, is certainly within the bounds of civil discourse.
Zealot definition
"a person who is fanatical and uncompromising in pursuit of their religious, political, or other ideals."
The people like you that are anti EV seem to be zealots for ICE. Everything you post is anti-EV, pro ICE with absolutely no room for entertaining the idea that there is a place in the marketplace for EVs. The other side readily admits there are limitations to EVs and they aren't for everybody and the market needs to have multiple options for the consumer.