Even Elon Musk said he drives a Toyata Prius during his Saturday Night Live Opening (he was kidding, obviously).
I'd also not consider buying a Tesla, it is overpriced for my standards, there are far better options.
Another thing is I'd never buy full-electric, maybe hybrid or I'd stick to the old fashioned LPG.
Topic: Tesla still an unprofitable automaker - page 3. (Read 1138 times)
So $33,690 for an EV, with a range of 424 km? Looks like a very attractive option.
Not really.
Quote
Charging at Superchargers – Charging at a Tesla Supercharger while on the road usually takes anywhere from 30 minutes to an hour, or sometimes a little more depending on the charger and the vehicle.
https://www.autopilotreview.com/how-long-charge-a-tesla/How long do you need to refuel your gas car? 5 minutes?
Quote
Texas doesn’t receive snow very often, but when it does, it apparently skyrockets the price of electricity.
On Tuesday, Oilprice.com reported that Texas’ current weather disaster, and subsequent electricity shortage, has electric vehicle (EV) charging prices surging, with the cost of charging a Tesla equating to about $900 (USD). The same charge in Texas at any non-emergency time would normally only cost about $18 (USD) using either a Level 1 or Level 2 charger at home.
It Costs $900 to Charge a Tesla During Texas’ Snowstorm Electricity ShortageOn Tuesday, Oilprice.com reported that Texas’ current weather disaster, and subsequent electricity shortage, has electric vehicle (EV) charging prices surging, with the cost of charging a Tesla equating to about $900 (USD). The same charge in Texas at any non-emergency time would normally only cost about $18 (USD) using either a Level 1 or Level 2 charger at home.
On the other hand, you can get a brand new gasoline-only Toyota Camry for $25k.
https://www.ebay.com/itm/174760835403?hash=item28b08eb94b:g:JP4AAOSwl6lglUvv
No bullshit, no batteries, cheap, new, built like a tank.
Impossible to beat a Toyota.
What's the range of a Camry btw? I bet it is at least twice of a Model3.
If you'd go on the official Tesla website instead of guessing about what you heard you will see for yourself that the Standard Range Plus Model 3 costs $33,690 (and if you are a California resident the price shown include the $1,500 California Clean Fuel Reward and potential incentives and gas savings of $4,300).
Model 3 Long Range is priced at $42,690 and the Performance stays at $51,190.
https://www.tesla.com/model3/design#overview
Model 3 Long Range is priced at $42,690 and the Performance stays at $51,190.
https://www.tesla.com/model3/design#overview
So $33,690 for an EV, with a range of 424 km? Looks like a very attractive option. And now the crude oil prices are going up once again, and that reduces the attractiveness of the gasoline run vehicles. But there is a catch. This $33,690 is including "potential savings". The purchase price is $39,490. A lot of potential buyers will look into the purchase price, rather than the price after all the savings. So that comes to around $40K, which is still somewhat affordable for the middle class families in the United States.
If you'd go on the official Tesla website instead of guessing about what you heard you will see for yourself that the Standard Range Plus Model 3 costs $33,690 (and if you are a California resident the price shown include the $1,500 California Clean Fuel Reward and potential incentives and gas savings of $4,300).
Model 3 Long Range is priced at $42,690 and the Performance stays at $51,190.
https://www.tesla.com/model3/design#overview
Model 3 Long Range is priced at $42,690 and the Performance stays at $51,190.
https://www.tesla.com/model3/design#overview
The Model S is their higher end offering, it's not meant to be the mass market car. The Telsa Model 3 is the mass market car with a price range in the $30,000 range, so much more affordable to the masses. This brings it close to what the average price paid for a new car is. With the lower price comes compressed margins though, so as Model 3s take up a larger share of revenues, the gross profit on these cars will be considerably less than what Tesla has experienced thus far, which proves another problem for the current valuation.
Are you sure that the Telsa Model 3 costs only $30,000? From what I heard, the base model costs around $45,000 and the higher end modifications cost up to $60,000. But even at $45,000 I have to admit that it is closer to being affordable for the middle class. But I have doubts regarding the battery. Do they use the same battery technology as they use in Model S? Or is it of a different composition? Model S uses Lithium-ion batteries produced by Panasonic in state of Nevada.
It's unprofitable because they are still a luxury car in terms of their prices and it costs an arm and leg to buy heir least expensive unit, maybe if they are able to tap into the economic cars unit, they will probably go up in profit but right now, I don't think so. Also, I feel like oil companies are conspiring against Tesla because when electric cars become the dominant one, their products will be unwanted and sales are going to plummet real bad.
I don't think the Model 3 is out of reach for the majority of Americans, and that's the car they're bringing to mass production in hopes of reaching the masses. The problem is the Model 3 is not nearly as profitable as the other Tesla models, even at scale, so margins will compress as they sell more of those cars.
It's unprofitable because they are still a luxury car in terms of their prices and it costs an arm and leg to buy heir least expensive unit, maybe if they are able to tap into the economic cars unit, they will probably go up in profit but right now, I don't think so. Also, I feel like oil companies are conspiring against Tesla because when electric cars become the dominant one, their products will be unwanted and sales are going to plummet real bad.
As far as the EV's go... I am not really a EV believer. I will buy a petro-car as long as they let me buy it. Not really a fan of batteries.
Not surprised. EVs are unaffordable and not worth the money under current circumstances. A Tesla Model S costs around $80,000, and you can get a decent gasoline-driven car with the same specs for around $20,000. So right now, purchasing an EV doesn't make any financial sense. Still you can go for it, for ideological purposes. The issue here is that ideological factor may not drive enough sales. The EV needs to be more affordable. A difference of 4x is too much. If it was 1.5x to 2.0x, then more people would consider purchasing EVs.
The Model S is their higher end offering, it's not meant to be the mass market car. The Telsa Model 3 is the mass market car with a price range in the $30,000 range, so much more affordable to the masses. This brings it close to what the average price paid for a new car is. With the lower price comes compressed margins though, so as Model 3s take up a larger share of revenues, the gross profit on these cars will be considerably less than what Tesla has experienced thus far, which proves another problem for the current valuation.
I am not at all convinced by these electric vehicles: first of all, they still rely mostly on fossil fuels to run (sorry, the truth); secondly, their batteries are going to be another environmental bomb in the future (not considering the car itself is an actual bomb if something goes wrong!); third and last, at least here in Italy, charging station are not common, and if you live in rural areas and you make long trips, you are done.
This is on point where most of things do still prefer on petrol running vehicles when it comes to power and reliability.Yes, it might be that capable but there are other side or key areas on which an electric vehicle cant able to do so, therefore, people do still stick out into traditional things but im not saying that Tesla is shit but there nothing can beat out the traditional automakers out there even though they are considering on build some EV's but it wont really become a trend.Last, just let Tesla do their own thing and even this one is unprofitable then they are the ones who would make out some losses not us.If you do opt to own one
then its up to your choice but if not then just better ignore and skip on it.This isnt really needing to elaborate which is profitable and which isnt.
I am not at all convinced by these electric vehicles: first of all, they still rely mostly on fossil fuels to run (sorry, the truth); secondly, their batteries are going to be another environmental bomb in the future (not considering the car itself is an actual bomb if something goes wrong!); third and last, at least here in Italy, charging station are not common, and if you live in rural areas and you make long trips, you are done.
I agree, the technology is interesting and there could be a niche market for it but if it was so good above the rest then it would have taken over the industry long time ago, I see Tesla cars the same way I see apple products, they are not really selling a car they are selling a brand, but if you do not really care about the brand then you find out that you can get a product with similar specifications way cheaper with other companies and that is always going to beat any brand marketing. That’s the same thing with every company, they are there because of their founders or team lol.
Not necessarily true.
Sometimes the product is so good, nobody knows the founder or the team. Do you know the CEO of PepsiCo or Nvidia? I don't. I bet many people also don't and yet they buy their products all the time.
If you talk about the CEO more than you talk about the product, that's a very bad sign for the company. TSLA has this all over on them.
Tesla is like dogecoin, they are here only because of Elon Musk
That’s the same thing with every company, they are there because of their founders or team lol. As long as they do a really good job at promoting their company and their products, and also delivering what they promised, then it’s sure going to keep growing.In some sense Tesla sound like Amazon which is known for operating in the beginning days for non-profits and over the time they slowly changing policies to gain profits; Tesla might be following that.
Tesla is a large technology corporation. They make profits from energy batteries, sell intellectual products, and manufacture and sell electric cars. Most recently they traded Bitcoin.
It's not unusual for a car business to be profitable for a tech corporation to be profitable, but fortunately, they can make money in other businesses.
If they continue to be unprofitable, they may lose market share by other electric car corporations.
It's not unusual for a car business to be profitable for a tech corporation to be profitable, but fortunately, they can make money in other businesses.
If they continue to be unprofitable, they may lose market share by other electric car corporations.
As far as the EV's go... I am not really a EV believer. I will buy a petro-car as long as they let me buy it. Not really a fan of batteries.
Not surprised. EVs are unaffordable and not worth the money under current circumstances. A Tesla Model S costs around $80,000, and you can get a decent gasoline-driven car with the same specs for around $20,000. So right now, purchasing an EV doesn't make any financial sense. Still you can go for it, for ideological purposes. The issue here is that ideological factor may not drive enough sales. The EV needs to be more affordable. A difference of 4x is too much. If it was 1.5x to 2.0x, then more people would consider purchasing EVs.
Make no mistake, I wouldn't buy one even they were selling a Model 3 for $20k. I'd still prefer a oil-powered car.
1- Their batteries are very expensive and you don't really know when they are going to crap on you.
2- I don't trust their safety. Sometimes they get overheated and burn you alive.
3- When you get a car accident the chances are your car won't ever get a repair and their re-sell value is not that great. (Most likely it is 0.)
4- Even when you fast-charge it, it is still not as fast as pumping oil.
5- The range is not great.
6- It is not green energy. It is just another form of energy.
Tldr; EVs suck.
I am not at all convinced by these electric vehicles: first of all, they still rely mostly on fossil fuels to run (sorry, the truth); secondly, their batteries are going to be another environmental bomb in the future (not considering the car itself is an actual bomb if something goes wrong!); third and last, at least here in Italy, charging station are not common, and if you live in rural areas and you make long trips, you are done.
As far as the EV's go... I am not really a EV believer. I will buy a petro-car as long as they let me buy it. Not really a fan of batteries.
Not surprised. EVs are unaffordable and not worth the money under current circumstances. A Tesla Model S costs around $80,000, and you can get a decent gasoline-driven car with the same specs for around $20,000. So right now, purchasing an EV doesn't make any financial sense. Still you can go for it, for ideological purposes. The issue here is that ideological factor may not drive enough sales. The EV needs to be more affordable. A difference of 4x is too much. If it was 1.5x to 2.0x, then more people would consider purchasing EVs.
Is there any link to that? ANd how to determine when Tesla is no profitable automaker industry?
Do the profits only take count from how many Tesla that was sold?
Well, I am sure enough if tesla actually has enough profits. however, we don't know because we don't know the aim of the activities. And about Tesla buying Bitcoin. This may become one of the strategy before bearish down
If we do just think sensible or with some common sense.If Tesla isnt a profitable company then Elon would be considered to be the richest man in the world?Do the profits only take count from how many Tesla that was sold?
Well, I am sure enough if tesla actually has enough profits. however, we don't know because we don't know the aim of the activities. And about Tesla buying Bitcoin. This may become one of the strategy before bearish down
People do just make out some conclusions based up on whats the current thing or event that they are seeing on what Tesla is been doing.Is profit taking into their Bitcoin stash can be considered the reason
that they arent profitable?
People should always have some reconsiderations on making out presumptions that Tesla is an unprofitable company.They wont be continuing the business if it werent profitable.
Is there any link to that? ANd how to determine when Tesla is no profitable automaker industry?
Do the profits only take count from how many Tesla that was sold?
Well, I am sure enough if tesla actually has enough profits. however, we don't know because we don't know the aim of the activities. And about Tesla buying Bitcoin. This may become one of the strategy before bearish down
Do the profits only take count from how many Tesla that was sold?
Well, I am sure enough if tesla actually has enough profits. however, we don't know because we don't know the aim of the activities. And about Tesla buying Bitcoin. This may become one of the strategy before bearish down
Despite Tesla's first quarter earnings, Tesla is still an unprofitable automobile manufacturer. Digging into the numbers, Tesla reported a $438M GAAP net income, but they had $518M in regulatory credit sales and more than $100M in profit related to bitcoin sales (they sold a total of $272M worth of bitcoin in Q1), which means the primary business of manufacturing cars is still not profitable. Perhaps as they continue to scale this will change, but the valuation still looks insane at these levels, and electric vehicle competition is only going to get stiffer going forward.
Tesla is still growing and they have a really huge fan base which is definitely going to grow with time, unless they happen to mess it up themselves, which I know for sure that they wouldn’t like to try such a thing, so they are going to do their best to keep their followers and as well grow their business, they already have good marketers. So, let’s see where they will be heading to in the future. It is entirely possible that Tesla will become profitable not because of their car sales business but as holders of bitcoin, also we must understand that even if Tesla is not profitable now the value of something not only depends on its past and present it also depends on its future, and stockholders are looking at the future of Tesla and they think there is a lot of potential there and they do not want to miss it, in the worst case scenario they earn some money and drop the stock in the future, but in the best case scenario they are holding the next Microsoft or Apple and they become insanely rich because of it.
Just because Bitcoin added $100 million plus to the Tesla balance sheet for this quarter, I don't expect this to happen every time. Right now Bitcoin is going through a bullish phase and Tesla is also benefitting from it. But my question is what will happen once the bullish phase ends and a correction occurs. Instead of a net gain from Bitcoin sales, Tesla will be showing a net loss. And this may be unpalatable for many Tesla investors.
Jump to: