Any GTAM'ers own an electric vehicle?

Headline is Ford loses 130K for every BEV sold. As expected from journalists, that is only a partial truth. They didn't sell many vehicles so the divisor was small and the loss per vehicle therefore large. As a minimum, you'd need to look at the inventory accumulated as they likely added a lot to their stock ready for sale.


This translates to me as "Ford needs to get their costs under control when it comes to building EV's".
 
Here's the latest random-spur-of-the-moment Musk move that came out of nowhere. The entire Supercharger deployment team got Musked.


At this point, I am quite content to own a CCS-equipped vehicle with decent support for CCS fast-charging in the area. (I have yet to encounter a problem.) And a vehicle which does not have to connect to the Tesla mother-ship in order for the vehicle to function.

Note that only CCS fast-charging stations currently support charging at 350+ kW and support 800V (up to 1000V) charging.
 
Take a look at how low the price for a model S has dropped in the US.
Sub 20k is common.
I’m still waiting for the Mach-E pricing to continue tanking.
 
The big question over many corners of the internet today is "what's next"?

It's impossible to predict Elon Musk, and nobody saw this coming.

Given that he seems to have a pretty short attention span, it's possible that Tesla as an auto manufacturing company is no longer a shiny new thing in his mind, and he wants to move on to something else, AI, robots, etc., and the concept of falling sales (and even faster falling profits) isn't something that had been considered. Now, with a failed new product (cybertrkkk) and no significant updates for current products that are in the process of being eclipsed by competition, his mind has moved on to some other shiny new thing. Cutting development teams for your core business, isn't a rational response.

At this point, it wouldn't surprise me if Tesla is no longer an auto manufacturer in a couple of years. Given Musk's penchant for just leaving things behind ...
 
The big question over many corners of the internet today is "what's next"?

It's impossible to predict Elon Musk, and nobody saw this coming.

Given that he seems to have a pretty short attention span, it's possible that Tesla as an auto manufacturing company is no longer a shiny new thing in his mind, and he wants to move on to something else, AI, robots, etc., and the concept of falling sales (and even faster falling profits) isn't something that had been considered. Now, with a failed new product (cybertrkkk) and no significant updates for current products that are in the process of being eclipsed by competition, his mind has moved on to some other shiny new thing. Cutting development teams for your core business, isn't a rational response.

At this point, it wouldn't surprise me if Tesla is no longer an auto manufacturer in a couple of years. Given Musk's penchant for just leaving things behind ...
Honestly I never even thought of that scenario…wtf would they do then in terms of support and updates and warranty…

He’s already shown he doesn’t actually care about how his decisions affect his customers…good luck selling those paperweights.
 
Well Apple wanted a car and has the resources ....at an appropriate discount of course. :rolleyes:
For a damaged company.
I'd think their 70 billion in cash in hand plus all that investment in staff and R&D for their own vehicle that they gave up on.... might make a fit.
Didn't Musk try to sell to Apple early on?
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Well Apple wanted a car and has the resources ....at an appropriate discount of course. :rolleyes:
For a damaged company.
I'd think their 70 billion in cash in hand plus all that investment in staff and R&D for their own vehicle that they gave up on.... might make a fit.
Didn't Musk try to sell to Apple early on?
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If that ever comes to fruition expect to see all production moving to China...
 
Ummmm Apple would be fine with that as they are mainly China and Taiwan based for production.
Panasonic has a big stake in this as well ( battery plants ).
There is already a Tesla factory being built in Shanghai

I doubt very much Apple would move existing factories in the US tho they will certainly expand in China. Apple is very good at supply management and that was called the secret weapon of their success.

They were already in talks with Musk to buy Tesla but walked away as too high risk.
Musk took the chance and established the market...did okay ....Apple could use the existing money they spent on making a car and buy one instead - their are 700 staff on layoff that might love to migrate.

I think the big risk is China eating everyone's lunch. Apple likes it's margins and premium products - the big growth will be in lower end vehicles.
 
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At this point, it wouldn't surprise me if Tesla is no longer an auto manufacturer in a couple of years. Given Musk's penchant for just leaving things behind ...
As a shareholder of both GM & Ford I'm perfectly fine with that.
 
As a shareholder of both GM & Ford I'm perfectly fine with that.

To be honest, and in full disclosure as a shareholder of MG (Magna), it doesn't trouble me, either. They supply a few bits and pieces to Tesla, but it isn't major.

I don't own any TSLA, never have, and don't plan to.
 
The Musk narrative of being much more than an automaker is required to keep the stock price going. Looking at the major automakers they are all trading in and around 10 PE (some actually much less, some a little higher). Tesla PE is in the 40s and just months ago much higher. If markets were to value them as just another automaker expect a stock price correction. It has historically been viewed by many as a technology company that makes cars, it justified the stock value when losing money, it then justified the high PE when they started to make money. The narrative problem he has, as time goes on, they make more and more cars and are really another...

IMO the above was recently starting to happen, so the narrative needed a refresh.
 
What happens when reality can't live up to the promises? What happens when believers stop believing the promises?

Due to the number of fanbois out there, I refuse to speculate on when this will happen.
 
What happens when reality can't live up to the promises? What happens when believers stop believing the promises?

Due to the number of fanbois out there, I refuse to speculate on when this will happen.
Market cap drops from 580B ish to somewhere in the 70s when the masses realize they are an automaker. Then they may become buyout bait by a technology company like Apple (at 70B they are still way too large to be bought by another automaker) or they just keep chugging on as an automaker? The market cap assumes they become valued as a functional automaker and that function is not destroyed before hand trying to prove they are not one.

When if ever, no idea on that.
 
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