Yeah if hybrid is in the mix its hard to tell. BMW is surprising, those a good numbers relative to total production, but I cant say Ive seen too many BMW EV's in my area.
You guys are way, way more knowing about TSLA than I am. I find your conversations interesting about it. I think the other auto companies are going about their business to capture a share of the market. TSLA is not going to be driven nor bought by everyone. They are out to get their slice of the market and are competing probably more so with their closer rivals. I also think these other companies are going to scale up their productions, but they are not going to completely abandon the gasoline or diesel side of things either. They are going to serve the EV side of the customers because they have to and there is a market for it. The other companies are already doing more than they ever have in regard to EV. I don't know if they will get to the point of "blowing" TSLA out of the water, but they are definitely going to eat up some of that space or gap over time. If the EV industry continues to grow, and I believe it will, it will evolve into even a more competitive market.
Shares Under Pressure Again this Morning Setting New 52 Week Lows in the Pre-Market Session. ~$103.XX. Share Price is Down about 6% on Reports of Price Cuts in China due to Slowing Demand and Increased Competition. Premium and Luxury Brands DO NOT and ARE NOT Supposed to offer Sales and Discounts. When was the Last Time You Saw an Apple iPhone, BMW, Lexus, LVMH Products, RIMOWA Luggage, Canada Goose etc. (the List goes on) on Sale? Never. -IndependentCandy14
From what I can tell, the Tesla semi is not quite going to achieve the 500 mile range that Elon has been touting. It will do 500 miles, and has, but not rolling at 60mph as cited by Elon. This is based on Zapruder film style dissection of the Pepsi haul that was shared at the PR event. The average speed of that haul was below city speeds. Pepsi will probably not mention it but Tesla will take some bad press if they don't either roll back the specified range a bit or improve the actual range a little bit. It's not a failure. It just isn't the range Elon was talking about two years ago. Elon even mentioned the range might end up being 600 miles. It looks currently to be closer to 425 at highway speeds. Ultimately, I believe the Tesla semi is a solid product that will have a positive impact but it does not look like the world beater that was presented and in an environment that will report negatively on Tesla, even on positive events, I expect Tesla to be raked over the coals on this product that is currently expected to slightly under perform expectations.
Just before Christmas, I realized I was caught in a pro-Tesla feedback loop. Some of the data I was getting from extremely intelligent people was heavily biased. I still like and respect those guys but I no longer on-board their perspective. I can see them going deeper into that rabbit hole. I embrace the idea that objectivity, above all else, is the life blood of the long term investor. Now I'm reading about power struggles in the Tesla investor group. Basically, some billionaires are responding irrationally to the stock price going down. It's interesting to see, many in this group are no more rational than many other, more average, retail investors. I am an investor. I don't buy stock because I think it is going to go up and I don't sell stock because I think it's going to go down. I buy companies that are honest, work hard, and are reasonably smart. The last attribute has, by far, the least weight. Tesla still makes sense to me. They are still working hard. They are no longer on my Cinderella list, though. The reason the semi was delayed is because it did not live up to Elon's promises. They got it somewhat close but I am expecting blow back. The semi project missed a lot of promises made by Elon in 2017. The big corporate clients may be OK with this. At least, for a while. I suspect the Cybertruck project is in a similar state, but likely worse. Big, square, trucks with giant lug tires are simply not efficient. If you consider Tesla cars, they are wildly efficient. They are heavily optimized for drag and rolling resistance. I would say the wheels are a concession to punk culture. I have no respect at all for Tesla wheel choices but, overall, Tesla cars are a tight package. The truck is going to need a 200KWh pack to get close to 400 miles of range. I am betting the range will be well less than 400 miles. They were probably counting on more energy density from their 4680 platform and also a much faster volume ramp than they have achieved so far in order to make the truck viable. There are tons of other problems and I can see the company getting bogged down in these problems. They don't surmount problems with the enthusiasm they used to. They do, however, overcome these problems. I believe the work environment is less positive than it used to be. I am not declaring it toxic, as I do not know this, but it clearly isn't as productive as it used to be.
Interesting, is there some hierarchy being challenged? I, like many people used to believe the billionaires must just be smarter right? Turns out that is not true, they are/were just in the right place, right time and with the right resources. The difference between a billionare and your average Joe is that the billionaire can spread his risk across 100 different opportunities, if 99 fail and one succeeds, they are hailed as brilliant.
A couple of big investors are asking Elon to step down. It will not result in any change but it is symbolic of unrest in the stock holder community. For sure. Wait. What? Why do so many people think diversification is the key to high returns when every shred of evidence shows precisely the opposite? You can be as diversified as anyone, regardless of their net worth. Just buy Wilshire5000. You will own every equity on the market. If you feel it prudent, you can also buy ETFs that represent large baskets of bonds. Diversification is not going to take you from regional sales associate to billionaire at 35 years of age or any age.
I Was looking at New Vehicles a Few Weeks ago and Posted about the Various Prices in this Thread. Model X Starts at about $130K. BMW iX Starts at about $90K. Me, and a Bunch of others would think that $60-75K+++ For a New Car is Most Certainly a Luxury. Tesla Will Always Be Viewed as a Luxury Brand with the Current Prices they Charge. I Guess the Model 3 was supposed to Compare to a Civic or Corolla, but it is still Double the Price of these Similar Size ICE Cars. -IndependentCandy14
I was making the reference in terms of business opportunities not buying retail shares in the markets. Having enough financial resources allows you to spread out a lot of risk, but also get access to things that the poors can never dream of getting into. Shaq invested into 100 different businesses, but one was VitaminWater which was bought out for $4B. He also took part in 1999 Google Series A because he was a high net worth individual. Is he an investing genius or just in the right place with the right resources? I sure as hell never got offered any Series A Google shares from my broker Elon Musk hit the target with Paypal buying out his company, but from that point on, money makes more money.
Tesla is having an investor day on March 1, 2023. I understand the Tesla gen 3 platform is scheduled to be discussed at ID23. There doesn't seem to be any indication of a product announcement so it is difficult to know how much will be released at ID23. I suspect they will tease a bit with a few details. Importantly, they would not do this unless the platform was near completion. There seems to be quite a bit of buzz that Tesla will surprise launch the gen 3 platform at ID23. I am extremely skeptical. It does not make sense to surprise launch the new platform when they could have a big media event and get even more coverage. There is also talk of what the gen 3 platform will be. It might be a refresh of the 3/Y. It could also be a much smaller platform on which to build a small, affordable, car. We know Tesla has been planning an ultra-affordable car for quite some time. It is being designed in China so it would make more sense to launch that platform in China at an event there.
Chinese Tesla owners that recently bought a Tesla are pissed about the price cuts. I don't disagree with them, its a big price cut! They are demanding some free charging or other ways to make up for it.
I Would be Too. Remember back in 2007 Apple and Mr. Jobs reimbursed folks who bought the first iPhone first release a couple hundred bucks as I think App Store credits? Why? Because the First Buyers didn’t get the discounted on ATT contract price. -IndependentCandy14
I'd like to see a new low soon, breaking below 100 would work. Just imagine if I held from 248.05, life would be sad. Obviously I don't qualify as a long-term investor but being in a losing position doesn't appeal to me. Between interest rates, tweetergate along with other factors I'll take my chances of timing the market, the cash amount stays the same,share prices dont. Consider it a freelance partnership.
Tesla Shares Under Pressure Again this Morning due to Price Cuts in USA and Europe. https://www.reuters.com/business/au...rices-electric-vehicles-us-market-2023-01-13/ Margins will be Hurt but will Sales Volume Make Up the Difference? Time will Tell. I Just Checked the Price of a Model X. It Starts at about $110K now. About $20K Cheaper. I Know a Few Folks Who Have Bought a Tesla in the Past Few Months. How Will They Feel? -IndependentCandy14
