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Great day to by MOAR TSLA because "smart people" in Wall Street don't seem to understand macro in Q1.
- Eco-terrorist attack on Berlin factory shutting down production for over 2 weeks
- Houthi attacks on shipping causing thousands of cars to be stuck on ships from China going around Africa to reach Europe
- Fremont factory re-tooling for the new Model 3 Highland launch
Great day to by MOAR TSLA because "smart people" in Wall Street don't seem to understand macro in Q1.
- Eco-terrorist attack on Berlin factory shutting down production for over 2 weeks
- Houthi attacks on shipping causing thousands of cars to be stuck on ships from China going around Africa to reach Europe
- Fremont factory re-tooling for the new Model 3 Highland launch
I don't play the stock game, but I'd be shorting if I was a gambler.
Also there's no cars that need to go through the Suez or Red Sea that come to America. They come across the Pacific or European cars across the Atlantic. Tesla might source parts elsewhere, but it's mainly an American made car.
Car buyers are men for the most part. I know plenty of women that had their mid-life crisis and got a Tesla. Men want sports cars that make noise.
Cyber Truck deliveries will get the soy boys that think it makes them look manly.
Tesla Stock trading about $170 today. Let's check back later and see if shorting would have won.
I don't think people appreciate how much FSD is going to change transportation and our society.
I thought you told me that you don't need power or acceleration and driving is no kick for you? You are fine tooling around in a big Japanese Nissan provided you can tow your toys around? If you like fast and powerful cars now, you can't get a faster or more powerful car than a Tesla for the price.
socal2 says
FSD looks like it will soon eliminate the need for a driver.
Not soon, or not anytime reasonably soon.
Not soon, or not anytime reasonably soon.
zzyzzx says
Not soon, or not anytime reasonably soon.
I will let you know later this month once I get my free 1 month subscription that Tesla is offering all Tesla drivers.
Why is Telsa offering anything is my question? I thought it was a miracle car?
I have personally driven at least 15,000 miles using Tesla's basic autopilot and absolutely love it and trust it more than my driving. I was coming home late last night after a customer dinner in Los Angeles and let it do 98% of the freeway driving for the 90 mile drive. It is such a better experience to let the car do the heavy lifting and allow you to relax a bit more and keep an eye on other things.
FFS, that is some of the craziest shit I’ve ever read. You know you’ll be help liable if something goes wrong, right?
The owner of the Tesla I drove got a DUI in it. So yeah, autopilot is not your friend.
Full Self Driving Version 12 is a totally different thing than standard Autopilot
WookieMan says
The owner of the Tesla I drove got a DUI in it. So yeah, autopilot is not your friend.
Full Self Driving Version 12 is a totally different thing than standard Autopilot.
Tesla In Turmoil: The EV Meltdown In 10 Charts
The layoffs at Tesla (and the recall of the Cybertruck) are only part of the electric vehicle debacle
WookieMan says
I don't play the stock game, but I'd be shorting if I was a gambler.
Tesla Stock trading about $170 today. Let's check back later and see if shorting would have won.
HeadSet says
WookieMan says
I don't play the stock game, but I'd be shorting if I was a gambler.
Tesla Stock trading about $170 today. Let's check back later and see if shorting would have won.
Tesla has dropped below $150, so a short position would have won.
Car rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble.
In its first quarter earnings report, Hertz said it “upsized” its prior EV fleet drawdown plans by an additional 10,000 EVs, which led to the company incurring a $195 million charge to vehicle depreciation for writing down the value of EVs held for sale.
The company previously said it would sell off 20,000 EVs from its fleet, meaning it will now dispose of 30,000 EVs in its fleet through the end of 2024. Add today’s charge to the $245 million write-down taken in Q4, and the company has now lost $440 million on its EV gambit.
Hertz’s EV fleet — which once stood at 60,000 EVs, will be cut down to half that at 30,000 EVs. A third of Hertz’s EV fleet was from Tesla (TSLA), with the rest coming from Polestar (PSNY), Volvo (VLVLY), and Chevrolet (GM).
For the quarter, Hertz reported an adjusted loss of $1.28 a share, wider than the $0.44 loss analysts were expecting. Hertz reported an adjusted net income loss of $392 million, more than double the $147 million loss expected.
Hertz stock was down 20% in midday trading.
Hertz’s depreciation per unit (DPU) soared to $592 in the first quarter, jumping from the $498 it saw last quarter and more than double the $253 it reported in Q1 last year. Hertz blamed the deterioration in DPU on losses from the sales of gas-powered vehicles as well as on losses from the market value of EVs in its fleet and from the disposition of other EVs.
There weren’t just financial costs to Hertz’s EV bet. Last month, Hertz’s then-CEO Stephen Scherr, who spearheaded the plan to go all in on EVs, was replaced by Gil West, former COO of GM’s Cruise autonomous unit and, prior to that, COO of Delta Air Lines.
"Fleet and direct operating costs weighed on this quarter's performance," Hertz CEO Gil West said in a statement. "We're tackling both issues — getting to the right supply of vehicles at an acceptable capital cost while at the same time driving productivity up and operating costs down."
https://youtube.com/shorts/0XRgYf8Rd4o?si=-l_sJaHJWhhOKUll
Only driven one Tesla and didn't notice this, but it's worth noting. If they're shit cars that's even worse. One short clip, but I don't know, wouldn't surprise me.
Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall.
Ford, like most automakers, has announced plans to shift from traditional gas-powered vehicles to EVs in the coming years. But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another sign of the profit pressures on the EV business at Ford and other automakers.
The EV unit, which Ford calls Model E, sold 10,000 vehicles in the quarter, down 20% from the number it sold a year earlier. And its revenue plunged 84% to about $100 million, which Ford attributed mostly to price cuts for EVs across the industry. That resulted in the $1.3 billion loss before interest and taxes (EBIT), and the massive per-vehicle loss in the Model E unit.
The build quality is definitely not super: one of the Teslas I rented had what seemed to be a loose nut rolling under the floor from one side to another in every turn.
Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion,
RWSGFY says
The build quality is definitely not super: one of the Teslas I rented had what seemed to be a loose nut rolling under the floor from one side to another in every turn.
Not your empty beer bottle?
RWSGFY says
Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion,
Odd that it did not affect Ford stock.
I only drink beer from cans while driving. Besides, how would it get UNDER the floor?
I only drink beer from cans while driving.
RWSGFY says
I only drink beer from cans while driving.
Good idea. Opening a beer bottle with your teeth cause tooth loss if you hit a pothole.
RWSGFY says
I only drink beer from cans while driving. Besides, how would it get UNDER the floor?
Run over a drunk?
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