I can agree with 14.5%. It's surprising for their volume, but then again the new MIC Model Y is at 30% being cheaper than the Nio with FSD chip already built in.
Yup because everything is build in China. Salary is lower, material goods are lower, everything is lower. Tesla instantly surpassed Fremont Margins and doubling Nio's within the first quarter of giga shanghai's grand opening.
No, it was mentioned at the previous page:
Okay their margins were almost negative 10% q1 2020, and positive 10% q2 2020. So it's too early to compare anything right now as all of their margins are moving around pretty quickly.
I said has been stuck, not will always be stuck. Tesla clearly plans to grow US sales. That's why you can now order the Y-SR Elon said they wouldn't sell. I do expect Fremont output to decline as Austin comes online. Elon is serious about leaving California. But this is a Nio thread, so enough about Tesla.
Robotaxi in China will be a multi year challenge so that revenue will be far far into the distance. I have driven on the streets of Beijing, there are no lane markings and it's a cluster F. Best case we have FSD in the U.S or Canada where people follow traffic laws most of the time. No one follow traffic laws in China. I don't expect Tesla to perfect China for at least half a decade and that's with the 4-5 years head start.
Maybe, but then again we went from solving Pong to solving Starcraft in like 6 years and from Alexnet to GPT-3 in 7 years. Who knows what will happen in the next 5 years. A computer will have much easier task tracking 50 vehicles around it than a human would and has much better understanding of where in 3D space the corners of the vehicle is. If I would struggle in Bejing then I would much rather have a super accurate and alert computer driving me there. And who knows how Beijing will look like in 5 years...
Smart move. I have a limit order in at $45 but I doubt we'll see that again. But you never know.
