AyG
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Tesla
Dec 29, 2020 18:25:45 GMT 7
Post by AyG on Dec 29, 2020 18:25:45 GMT 7
Can't find the previous topics where I've expressed my opinion about Tesla. However, came across this quote from Elon Musk:
"When looking at our actual profitability, it is very low… Investors are giving us a lot of credit for future profitability, but if at any point they conclude that's not going to happen, our stock will immediately get crushed like a soufflé under a sledgehammer!”.
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chiangmai
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Tesla
Dec 30, 2020 5:08:19 GMT 7
Post by chiangmai on Dec 30, 2020 5:08:19 GMT 7
Can't find the previous topics where I've expressed my opinion about Tesla. However, came across this quote from Elon Musk: "When looking at our actual profitability, it is very low… Investors are giving us a lot of credit for future profitability, but if at any point they conclude that's not going to happen, our stock will immediately get crushed like a soufflé under a sledgehammer!”. The question must be, why are shareholders doing that, some of the reasons why include: 1) Tesla was the first EV to market, their midrange offering is the industry standard that everyone tries to compete against, miles per charge vs cost are some of the best available - you can buy a cheaper EV OR you can buy one with higher mileage OR you can buy a prestige brand but you can't have all those things in one vehicle. 2) Tesla is the only specialized EV company, all the others are existing car companies trying to transition, they lack focus. 3) Global Warming/Climate Change/Emissions Controls means that EV's are not going away, the market is assured. Under different circumstances at a different time, the combination of big oil and big car company would prevent Tesla from being successful, that time has passed. 4) Elson Musk's ability to challenge the status quo and develop new ambitious solutions, the man is an innovator and a very successful one, the public expects him to be successful and to do great things Space X, Battery companies, boring company, hyperloop etc. All of which means the public has confidence in him and as a consequence, in Tesla. If Trump had been in charge of Tesla the company would have failed. 5) Unlike the competition, Tesla has control over all aspects of its business model including sales and service plus Tesla is now a supplier to other EV's, "Daimler uses Tesla’s battery packs; Mercedes-Benz uses a Tesla powertrain; Toyota uses a Tesla motor. General Motors has even created a task force to track Tesla’s next moves.” 6) Then of course there's this one: "The Tesla Model S is an incredible stunning and attractive car, and tends to garner the majority of attention when seen on the streets or in a parking lot. Aesthetics matter a lot in consumer electronics, fashion and automotive, and Tesla has got that down pat, whereas other electric vehicles have failed in that aspect". Sooooo, whilst it is of course possible that the sledgehammer could fall and crush their share price I wouldn't want to bet that it's going to happen any time soon or in such a spectacular fashion. Perhaps the share price will fall as others also fall and perhaps over time it will loose its luster, but it's difficult to imagine the meteor strike type of event that would decimate current value in one fell swoop although Elon Musk being charged with something for example like securities fraud would probably do the trick!
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chiangmai
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Tesla
Jan 3, 2021 10:51:53 GMT 7
Post by chiangmai on Jan 3, 2021 10:51:53 GMT 7
(Reuters) - Tesla Inc on Saturday reported better-than-expected 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year goal during a punishing year for the global auto industry. The company delivered 499,550 vehicles during 2020, above Wall Street estimates of 481,261 vehicles, according to Refinitiv data - but 450 units shy of CEO Elon Musk’s target. Tesla's delivery push has been supported by its new Shanghai factory, the only plant currently producing vehicles outside California. The carmaker said here Model Y production in Shanghai has begun, with deliveries expected shortly. Palo Alto, California-based Tesla said it delivered 180,570 vehicles during the fourth quarter, a quarterly record for the electric carmaker, beating estimates of 163,628 vehicles. www.reuters.com/article/tesla-deliveries/tesla-2020-deliveries-beat-estimates-but-fall-just-short-of-musks-target-idUSKBN2970EV
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Tesla
Jan 3, 2021 21:25:05 GMT 7
Post by rgs2001uk on Jan 3, 2021 21:25:05 GMT 7
^^^, the irony is, electric cars are nothing new, the yanks had them a hundred years ago.
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chiangmai
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Post by chiangmai on Jan 4, 2021 7:20:27 GMT 7
^^^, the irony is, electric cars are nothing new, the yanks had them a hundred years ago. "Yet, it was Henry Ford’s mass-produced Model T that dealt a blow to the electric car. Introduced in 1908, the Model T made gasoline-powered cars widely available and affordable. By 1912, the gasoline car cost only $650, while an electric roadster sold for $1,750. That same year, Charles Kettering introduced the electric starter, eliminating the need for the hand crank and giving rise to more gasoline-powered vehicle sales. Other developments also contributed to the decline of the electric vehicle. By the 1920s, the U.S. had a better system of roads connecting cities, and Americans wanted to get out and explore. With the discovery of Texas crude oil, gas became cheap and readily available for rural Americans, and filling stations began popping up across the country. In comparison, very few Americans outside of cities had electricity at that time. In the end, electric vehicles all but disappeared by 1935". www.energy.gov/articles/history-electric-car#:~:text=Here%20in%20the%20U.S.%2C%20the,spark%20interest%20in%20electric%20vehicles. Big oil strikes again.
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Tesla
Jan 4, 2021 21:11:14 GMT 7
Post by rgs2001uk on Jan 4, 2021 21:11:14 GMT 7
^^^, , they tell me there are more lobbyists on capitol hill than senators, see the nra for deatils. Ref big oil, I read a while back, the saudis have to provide uncle sam with something like 60,000 barrels of oil per day to pay for the military hardware they buy, they will still be paying off their debts in something like 300 years from now, what a ponzi scheme. Just so Bubba can buy gas at the pump for a dollar a gallon.
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chiangmai
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Tesla
Jan 6, 2021 9:18:29 GMT 7
Post by chiangmai on Jan 6, 2021 9:18:29 GMT 7
"Norway becomes first country to sell more electric cars than petrol vehicles Electric cars comprised 54% of all new vehicle sales in Norway for 2019. This makes Norway the first country to have sold more electric cars than petrol, hybrid, and diesel engines in a year. The Norwegian government plans to ban the sale of petrol and diesel cars by 2025, and is using tax breaks and financial incentives to encourage the purchasing of more sustainable vehicles. The most popular model in the country was the Audi e-tron sports utility and sportsback vehicles, with the Tesla mid-size Model 3 taking second place". www.independent.co.uk/news/world/europe/norway-electric-cars-b1782706.htmlVW Audi = 18,949 units. Tesla = 18,798 units. 2019 stats. www.statista.com/statistics/419224/leading-car-brands-registered-in-norway/" Carmakers have sought to use Norway as a testing ground for their electric ambitions. Volkswagen's (VLKAF) luxury brand Audi was the market leader in 2020, according to OFV, selling 9,227 of its e-tron vehicles in the country. Tesla's (TSLA) Model 3, the 2019 leader, was pushed into second place with 7,770 sales. Volkswagen's ID.3 ranked third with 7,754 cars sold". edition.cnn.com/2021/01/05/business/norway-electric-cars-vw-tesla/index.htmlWhat is perhaps more interesting is the rate of fall in sales of diesel vehicles: "Cars with diesel-only engines have fallen from a height of being 75.7 per cent of the Norweigen vehicle market in 2011 to just 8.6 per cent in 2020".
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AyG
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Tesla
Jan 6, 2021 10:02:12 GMT 7
Post by AyG on Jan 6, 2021 10:02:12 GMT 7
"What is perhaps more interesting is the rate of fall in sales of diesel vehicles"
Back in 2016 Norway announced a ban on the sale of petrol and diesel vehicles, effective from 2025. Pretty sure that would explain the fall.
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chiangmai
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Tesla
Jan 6, 2021 10:13:13 GMT 7
Post by chiangmai on Jan 6, 2021 10:13:13 GMT 7
"What is perhaps more interesting is the rate of fall in sales of diesel vehicles" Back in 2016 Norway announced a ban on the sale of petrol and diesel vehicles, effective from 2025. Pretty sure that would explain the fall. I was aware of the 2016 edict but nevertheless the take on rate surprised me. Even if government says petrol vehicles will be banned in 2025 consumers can resist, especially when the technology is only just emerging/not mature and as a consequence government deadlines would get moved back.
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AyG
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Tesla
Jan 6, 2021 10:33:22 GMT 7
Post by AyG on Jan 6, 2021 10:33:22 GMT 7
^^^ Compare with the situation of Chevrolet saying they were going to pull out of Thailand. Consumers reacted immediately, not wanting to be left with a vehicle for which there would be limited support and maintenance in the future.
(In the case of Norway, I suspect that consumers are used to buying more robust vehicles, with a longer than average lifespan, on account of the harsh winters, so would be particularly averse to buying a vehicle that would become obsolete in a few years.)
As for government moving deadlines, and generally flip-flopping, not every government is headed by Boris Johnson.
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chiangmai
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Tesla
Jan 6, 2021 11:11:39 GMT 7
Post by chiangmai on Jan 6, 2021 11:11:39 GMT 7
Not quite apples and apples.....Chevrolet announced on 19 February 2020 that they were pulling out of Thailand and the same day announced a 50% off sale on all stock, all of which was sold within three weeks.
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AyG
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Post by AyG on Jan 6, 2021 11:33:23 GMT 7
^^^ And the 50% price reduction is because they knew that there'd be very limited demand at normal price because of the pull out. Same same.
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chiangmai
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Tesla
Jan 6, 2021 11:53:12 GMT 7
Post by chiangmai on Jan 6, 2021 11:53:12 GMT 7
Nonsense, one is a sole foreign manufacturer rapidly withdrawing from a mature market and leaving all the other mature manufacturers in situ. The other is a nationwide government edict effective a decade hence (2016), involving embryonic technology. I suppose it's "same same" in as much as night is the same as day except for the time!
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Post by rgs2001uk on Jan 6, 2021 20:56:13 GMT 7
^^^ And the 50% price reduction is because they knew that there'd be very limited demand at normal price because of the pull out. Same same. ^^^ wasnt great wall suppossed to be stepping in to fill the gap?
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chiangmai
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Tesla
Jan 10, 2021 5:41:32 GMT 7
Post by chiangmai on Jan 10, 2021 5:41:32 GMT 7
If the world does make a rapid shift over to EV's, how will vehicle charging work in Thailand I wonder. Will all PTT's convert and become charging stations or will 7/11's come to the rescue and be the place to get a buzz? I have an image in my head of charging cables hanging from overhead powerlines and Somchai heating his morning brew via the Tesla plug in socket! And what happens if you run out of juice mid-journey, it's not like you can call the AA or take a can to the nearest filling station and order 1,000 watts to take away now is it. Meanwhile, China's EV market seems to be doing great things, did you know there are over 400 EV companies in China. And one of them is doing really well: "Nio, a pioneer in China’s premium smart electric vehicle market, announced this week that it had doubled sales in October, leading to a surge in the company’s shares that now has it valued at more than American car giant General Motors". thedriven.io/2020/11/06/nio-value-surges-past-gm-as-electric-vehicle-sales-double/
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