Business & Investing
Sponsored by

TSLA

166,165 Views | 1167 Replies | Last: 12 days ago by TxAG#2011
jamaggie06
How long do you want to ignore this user?
AG
There's a surprising article on Bloomberg laying out a lot of the dirt and shady dealings by Musk and Co. related to the Solar City bailout. Quite surprising to me since Bloomberg has been fellating the man for near a decade.

Calls into question just how reliable any public statements he or the Company makes related to progress, and success of its endeavors.
Bassmaster
How long do you want to ignore this user?
AG
jamaggie06 said:

There's a surprising article on Bloomberg laying out a lot of the dirt and shady dealings by Musk and Co. related to the Solar City bailout. Quite surprising to me since Bloomberg has been fellating the man for near a decade.

Calls into question just how reliable any public statements he or the Company makes related to progress, and success of its endeavors.
If Musk's shadiness is a surprise to you, then you haven't been paying attention. Dude is a snake.
bmks270
How long do you want to ignore this user?
AG
Bassmaster said:

jamaggie06 said:

There's a surprising article on Bloomberg laying out a lot of the dirt and shady dealings by Musk and Co. related to the Solar City bailout. Quite surprising to me since Bloomberg has been fellating the man for near a decade.

Calls into question just how reliable any public statements he or the Company makes related to progress, and success of its endeavors.
If Musk's shadiness is a surprise to you, then you haven't been paying attention. Dude is a snake.


You can't trust anything Musk says publicly. I think he just says stuff impulsively that he thinks people want to hear or will get him praise or stir the pot. He is a bit pathological in that regard.

But I don't think he is always intending to deceive people, more like he is a bit delusional and believes he can do the things he suggests and that things will work out. He speaks often with a combination of ignorance and ego. But whatever he does try he works like a machine, ruthlessly, and with obsession. So his willingness to go all out has resulted in some amazing accomplishments. His delusion and sociopathy are responsible for his success.

But just a few examples of things Musk promised impulsively that haven't happened:
A $35,000 model 3.
A semi truck (it's over a year delayed now).
Full self driving cars by the end of the year (that's 2019).
500,000ags
How long do you want to ignore this user?
AG
Agree 100%.

My issue is that capital markets wouldn't thrive with all CEOs making those sorts of announcements that are are 5% possible and 95% not possible. There's a fine line between making your company cash checks that an ambitious CEO writes and deceiving investors.

In reality, people seem rather forgiving about leaders bending the truth if they like what the person is saying.

EDITS: damn phone
jamaggie06
How long do you want to ignore this user?
AG
Reply to bmks

Uh, a solar roof.
Synergies with Solar City
However many thousands of jobs in NY
Profits
ABATTBQ11
How long do you want to ignore this user?
AG
Fizban said:

500,000ags said:

You are the only person I've ever heard say that user experience and user opinion are biased. It's amazing.

If you want a valid perspective you have to be like him and have no first hand experience at all...




For the both of you...

It's a sampling issue. When you say, "Everyone wants them because all my friends who have driven it love it. My wife wants her next car to be one!" that's selection bias because the sampling frame, or the list/material your sample was drawn from, is your friends and not some list of the general population. You can't extrapolate the opinions of your friends out to the general population and say demand is booming because any inferences generated from a sample are generally limited to the scope of the sampling frame it came from, so the idea that, "everyone wants one," is limited to your group of friends. What you're saying is like asking only democrats who they're going to vote for and then making inferences on the opinions of all voters based on that biased sample. Their opinions aren't biased, your selection of them is. That's how you get, "Dewey Defeats Truman," Landon beating FDR, and Hillary being a lock. If your target population is the general population because you're making inferences about general consumer sentiment, then you need to randomly sample the general population or a sample frame that covers it.


If you're trying to determine reliability and not general sentiment, then you need a random sampling of vehicle owners and outcomes for those vehicles because the population you're measuring, a specific model of vehicle, is different. The population is different because the question is different. If I want to know how Texas voters will vote, then I need to limit my sample frame to Texas voters, not all voters. Sampling only Texas voters at that point is not just acceptable, it's what you're supposed to do. Sampling a list of all voters results in over coverage, and those who are in the sample frame but not in the population I want to study can bias the results of the sample, which is bad. The same goes for reliability sampling. Your sample frame should now be limited to owners, not the overall population.





And this isn't my, "perspective," it's statistics.

Quote:

Why Sampling Frames are so Important

Let's say you're doing a study on the opinions of US adults on current politicians.

Of course, you don't have phone numbers for *all* adults in the US. But you are able to get a master frame of all available cell phone numbers, which you can sample using random digit dialing.

The target population (US Adults) will in large part be "covered" by the sampling frame (those in the cell phone banks).

However, some cell phone numbers in the bank are owned by children, who are not part of the target population.

Likewise, adults with only a land line telephone or no telephone at all will be not be covered by this sampling frame.

If these adults are different in some way from those who own a cell phone on our survey outcomes, then selection bias may result. In this particular case, it's called coverage bias.

*bold emphasis added

Now, replace politicians with vehicle purchasing decisions, and take that list of cell phone numbers and trim it to your list of friends. That list obviously doesn't come close to full coverage of the general population, and since your small list of friends is not randomly chosen, it is safe to say that those excluded will likely differ on your survey outcomes. Oh look, "selection bias may result."

If you want to argue the statistics of this instead of making stupid little quips, I dare you because I know you can't and won't. I've clearly explained this twice, and you two keep talking **** with no rebuttal whatsoever. If you think I'm wrong, then prove it. Put up or shut up.
GAC06
How long do you want to ignore this user?
AG
People like Teslas because Tesla makes good cars. Why won't you answer whether you think whether Lexus, Audi, Mercedes and Acura make good cars? Consumer reports thinks Tesla ranks among them.
ABATTBQ11
How long do you want to ignore this user?
AG
GAC06 said:

Average among Mercedes Audi Lexus Acura. Just horrible

Would you say those manufacturers make "good cars"?


That depends on your frame of reference, because getting the right answer to the wrong question is just as bad as getting the wrong answer to the right question.

If I'm in the market for something that is relatively cheap, reliable, and easy to maintain that I will hold onto for a long time, then no. Those cars don't fit my criteria. If I'm in the market for a luxury vehicle that I will lease or trade in in 2-3 years and don't care about long term resale value or maintenance, then yes.

This is why vehicles are separated into classes and measured against those classes. It doesn't matter how well the model s compares against a Camry or Accord because they're not in the same class or market. People buying a model s aren't buying a Camry, and people buying a Camry aren't buying a model s. Would an Accord buyer call an s a great car? Probably, but that didn't mean they're buying one.

What IS relevant is how the s performs against its direct competition, which is Audi, Lexus, Mercedes, Acura, etc. Would a Mercedes buyer call it a great car? Maybe.

Between the two types of buyers, only one opinion is relevant.
ABATTBQ11
How long do you want to ignore this user?
AG
GAC06 said:

People like Teslas because Tesla makes good cars. Why won't you answer whether you think whether Lexus, Audi, Mercedes and Acura make good cars? Consumer reports thinks Tesla ranks among them.


Consumer reports ranks Tesla along them because they're in the same class and price range. They're the direct competition for teslas, and the fact that they're compared to each other has no bearing on whether they're "good."
GAC06
How long do you want to ignore this user?
AG
Did Elon Musk steal your girlfriend or something? Your have a bizarre obsession with not giving them credit for anything. Admitting the obvious (that they make good cars that people want and enjoy) won't kill you. It's a good first step for you.
GAC06
How long do you want to ignore this user?
AG
ABATTBQ11 said:

GAC06 said:

People like Teslas because Tesla makes good cars. Why won't you answer whether you think whether Lexus, Audi, Mercedes and Acura make good cars? Consumer reports thinks Tesla ranks among them.


Consumer reports ranks Tesla along them because they're in the same class and price range. They're the direct competition for teslas, and the fact that they're compared to each other has no bearing on whether they're "good."


Yeah and within that class they rank competitively. Are you really this obtuse?
Endo Ag
How long do you want to ignore this user?
AG
ABATTBQ11 said:


the list/material your sample was drawn from, is your friends and not some list of the general population.
I actually wrote a reply a while back and decided not to engage. I'll simply say that I am an upper income healthcare professional living in the south, and all of those skew red politically. My social circle is anything but Democraticly biased, though I don't pick my friends based on their politics either way. I can only think of one climate change denier that I see socially, and they were as blown away by the car as anyone else.

There is definitely a selection bias towards educated people who make rational judgement based on the information presented to them.
500,000ags
How long do you want to ignore this user?
AG
You cannot tell the difference between sampling Reader's Digest subscribers about who they will vote for, versus sampling Reader's Digest subscribers about what they think of Reader's Digest.

THERE. IS. A. DIFFERENCE.
ABATTBQ11
How long do you want to ignore this user?
AG
500,000ags said:

You cannot tell the difference between sampling Reader's Digest subscribers about who they will vote for, versus sampling Reader's Digest subscribers about what they think of Reader's Digest.

THERE. IS. A. DIFFERENCE.



Here are the original quotes.

500,000ags said:

ABATTBQ11 said:

Also, "those who have driven your car," is a great example of selection bias and a poor reflection of consumer demand. Tesla has seen a large decrease in yoy US sales, and their current revenues are driven by international sales.


How exactly is that selection bias? That's similar to saying a negative movie review means nothing because of selection bias - they went and saw the movie. In reality, good reviews boost perception and drive incremental sales and negative reviews do the opposite.

I'd buy it more that the decline in US sales is due to the market of "early adopters" declining. There is less low hanging fruit for Tesla to capitalize on.



My stance has not changed. A sample of personal friends is, "a poor reflection of consumer demand." It suffers from selection bias because the sample frame, a group of friends, is not nearly reflective of the general population of consumers and is in no way random. It may be an accurate reflection of what EndoAg's friends think of the car, but not general consumers and how much the average consumer wants to buy one.

You're the one who asked how a sample of friends being a poor reflection of consumer demand is an example of selection bias. If you think it isn't, then explain how a small, non-random group of individuals is generalizable to the general population of consumers. You talked about movie reviews and perception of the movie. I'm talking about how many people want to show up to the theater to even watch it.
500,000ags
How long do you want to ignore this user?
AG
You have said the sample was too biased (with examples) and are now saying the sample was too small. I don't care enough to keep derailing this thread.
ABATTBQ11
How long do you want to ignore this user?
AG
Endo Ag said:

ABATTBQ11 said:


the list/material your sample was drawn from, is your friends and not some list of the general population.
I actually wrote a reply a while back and decided not to engage. I'll simply say that I am an upper income healthcare professional living in the south, and all of those skew red politically. My social circle is anything but Democraticly biased, though I don't pick my friends based on their politics either way. I can only think of one climate change denier that I see socially, and they were as blown away by the car as anyone else.

There is definitely a selection bias towards educated people who make rational judgement based on the information presented to them.


It's not about politics or climate change. It's about non-random sampling of a good sample frame. Your social circle isn't random, no matter how you think you choose your friends.

The biggest issue is that it is local to you. That means that it is biased, in the statistical sense, to those you are likely to interact with. As an upper income medical professional in the south, that means you are generally exposed to other people who are upper income level, healthcare professionals, and/or in the south. You are not generally exposed to the masses who do not fit into one or more of those demographics. How many friends do you have that are Hispanic migrant laborers in California? Black factory workers in the rust belt? Low income retail workers in the Southeast? Upper income level developers in Silicon Valley? Middle income teachers in the Midwest? What is the age distribution of your friends? Does it skew older? Younger? Do you know an equal number of men and women? The answers are probably none and you don't know. The sample frame, or group to be sampled, created by the people that you know is not reflective of the general population at large.

To get an accurate reflection of consumer demand, you need a sample frame, or list, of all relevant consumers, or a list that is really close and only randomly missing people. A list of ALL residentially zoned addresses would be a good example for national demand. Then you must randomly sample from that. If you use a list of city or state specific addresses, then your analysis is limited to those locales

Before you start looking for a population and sample frame, you need to decide what question you're asking. Do you want to know the consumer demand for a Tesla versus all other brands, or do you want to know demand within a target demographic of likely buyers (a subset of consumers)?

Overall demand could be very low, while target demographic demand could be very high. Whether or not you have enough demand to support a product depends on margins, the size and purchasing power of the target demographic, how easily it is saturated, and for how long.

If should also be noted that positive perception doesn't mean demand. I may like a Tesla, but I'm not about to go out and buy one. Alternatively, I'm sure lots of people would love a Lamborghini or Bugatti, but overall demand is decidedly low at their price points. It's definitely high in their target demographic, but the demand for a Mazda 3 is probably greater overall.
ABATTBQ11
How long do you want to ignore this user?
AG
500,000ags said:

You have said the sample was too biased (with examples) and are now saying the sample was too small. I don't care enough to keep derailing this thread.


I never said it was too small. You just can't read.
500,000ags
How long do you want to ignore this user?
AG
ABATTBQ11 said:

Endo Ag said:

ABATTBQ11 said:


the list/material your sample was drawn from, is your friends and not some list of the general population.
I actually wrote a reply a while back and decided not to engage. I'll simply say that I am an upper income healthcare professional living in the south, and all of those skew red politically. My social circle is anything but Democraticly biased, though I don't pick my friends based on their politics either way. I can only think of one climate change denier that I see socially, and they were as blown away by the car as anyone else.

There is definitely a selection bias towards educated people who make rational judgement based on the information presented to them.


It's not about politics or climate change. It's about non-random sampling of a good sample frame. Your social circle isn't random, no matter how you think you choose your friends.

The biggest issue is that it is local to you. That means that it is biased, in the statistical sense, to those you are likely to interact with. As an upper income medical professional in the south, that means you are generally exposed to other people who are upper income level, healthcare professionals, and/or in the south. You are not generally exposed to the masses who do not fit into one or more of those demographics. How many friends do you have that are Hispanic migrant laborers in California? Black factory workers in the rust belt? Low income retail workers in the Southeast? Upper income level developers in Silicon Valley? Middle income teachers in the Midwest? What is the age distribution of your friends? Does it skew older? Younger? Do you know an equal number of men and women? The answers are probably none and you don't know. The sample frame, or group to be sampled, created by the people that you know is not reflective of the general population at large.

To get an accurate reflection of consumer demand, you need a sample frame, or list, of all relevant consumers, or a list that is really close and only randomly missing people. A list of ALL residentially zoned addresses would be a good example for national demand. Then you must randomly sample from that. If you use a list of city or state specific addresses, then your analysis is limited to those locales

Before you start looking for a population and sample frame, you need to decide what question you're asking. Do you want to know the consumer demand for a Tesla versus all other brands, or do you want to know demand within a target demographic of likely buyers (a subset of consumers)?

Overall demand could be very low, while target demographic demand could be very high. Whether or not you have enough demand to support a product depends on margins, the size and purchasing power of the target demographic, how easily it is saturated, and for how long.

If should also be noted that positive perception doesn't mean demand. I may like a Tesla, but I'm not about to go out and buy one. Alternatively, I'm sure lots of people would love a Lamborghini or Bugatti, but overall demand is decidedly low at their price points. It's definitely high in their target demographic, but the demand for a Mazda 3 is probably greater overall.
You repeatedly write 500 word posts on ideas everyone understand at a basic level.
ABATTBQ11
How long do you want to ignore this user?
AG
Apparently a lot of people, including you, don't understand. Or you just can't read.
500,000ags
How long do you want to ignore this user?
AG
No one understands your endless ramblings. Lol

Stats...friends...readers digest...sample size...
GAC06
How long do you want to ignore this user?
AG
More importantly the essays lack an actual argument about Tesla
Endo Ag
How long do you want to ignore this user?
AG
You are correct. My friends aren't migrant workers in California or daycare workers in Spokane Washington.

Quote:

The average new car buyer is now 51.7 years old and earns about $80,000 per year, while the average age of the population is 36.8 years old and the median income is roughly $50,000, Szakaly said.
https://www.autonews.com/article/20150804/RETAIL03/150809938/car-buyers-getting-older-richer-nada-economist-says


They are extremely relevant when discussing potential new car purchasers. Gen-Xers in their prime earning years with above average incomes. You might not care about their opinions, but I guarantee Tesla, Audi, BMW, Chevrolet and Ford all do. Many of my staff members have ridden in the car and love it too. They aren't considering it for a car purchase because they aren't the demographic. My son's school has 72 boys in it and 3 Tesla Model 3s in the pickup each day. The nearest Tesla dealer is two and half hours away. I wouldn't enter my data for a statistical analysis, but it's pretty damned good consumer research in the target demographic.

You can pick nits and you can choose to believe what you will. The fact of the matter is that people who are exposed to the car are overwhelmingly positive.

jamaggie06
How long do you want to ignore this user?
AG
Agreed. The problem you hit on the head is that, in the target demo, it does well. Based on the stock price and promises of Elon Musk, they better start doing a hell of a lot better in all the demos, bc they are priced and act like they sell more cars than Toyota.
badharambe
How long do you want to ignore this user?
AG
So the tsla truck came out last night.

Elon bragged about the glass strength, and, well....

DeLaHonta
How long do you want to ignore this user?
AG
I didn't watch the demo live, but the more I watch clips from and read about it, the more I can't believe this is actually real. It's not just the truck that's a disasterthe event itself went worse than the Hindenburg.

Someone needs to check on the Ford CEO to make sure he is still breathing after laughing so hard at this.
DeLaHonta
How long do you want to ignore this user?
AG
Dp
Gordo14
How long do you want to ignore this user?
I can't believe somebody would actually want to own that thing. It looks awful. But I guess their market is people who want a vehicle to be "cyber".
Hendrix
How long do you want to ignore this user?
AG
That's ugly af and doesn't look very functional. Will be driving my 2016 Silverado for a long time. Will wait and see what ford and Chevy come out with in a few years. And I'll need convenient charging stations all over west Texas.
Ranger222
How long do you want to ignore this user?
AG
If Telsa goes bad, this will be the moment everyone points to as the mask being taken off.
one MEEN Ag
How long do you want to ignore this user?
AG
This shows there are cracks in the armor. Normally, Tesla is critiqued for everything around the car but the car itself looks great and does its job.

This thing looks like Musk spend too much time smoking weed in a delorean.

Holy crap its ugly. And it completely shows that no one at Tesla 'gets' trucks. Ford and Chevy just have to offer an good electric version of what their cars look like now and they'll print money.
VitruvianAg
How long do you want to ignore this user?
AG
badharambe said:

So the tsla truck came out last night.

Elon bragged about the glass strength, and, well....


You know how Bullet Proof Glass works, right?
bmks270
How long do you want to ignore this user?
AG
So, accessing the truck bed from the side will be a bit awkward with the sloped truck bed walls. That's a big negative for anyone who wants to actually use the truck bed. To tie something down in the corner behind the cabin will be harder to access.

Would it look better painted?
Tumble Weed
How long do you want to ignore this user?
bmks270 said:

So, accessing the truck bed from the side will be a bit awkward with the sloped truck bed walls. That's a big negative for anyone who wants to actually use the truck bed. To tie something down in the corner behind the cabin will be harder to access.

Would it look better painted?
They don't want to paint it. If you have to have it tittie pink, get a vinyl wrap for it.

https://www.motortrend.com/cars/tesla/cybertruck/2021/tesla-cybertruck-electric-pickup-photos-info/
500,000ags
How long do you want to ignore this user?
AG
This thing reminds me of the Judge Dredd motorcycles. Which were butt ugly.
500,000ags
How long do you want to ignore this user?
AG
Damn, read the truck will do 0-60 in 2.9s and have a towing capacity of 14k. That's nuts.
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.