Losing interest in the Tesla Brand

[David99]

Very good commends and valid points here. The Model S has been neglected and reduced. I understand streamlining production by reducing options on a low price car, but not on a high end car like the Model S. My guess and hope is that a completely redesigned Model S is about to come. That would be the only excuse.

 

[neroden]

True, but this was the very reason their stock plummeted. Literally overnite he decided to eliminate tens of thousands of positions and not in a very ethical way either:

Tesla slashes retail employee compensation, seemingly pushing them out instead of layoffs

It's completely ethical and even normal to stop issuing bonuses, which are NEVER guaranteed.

 

[neroden]

So the bottom line is: what other electric car are you gonna buy? Gas cars aren't an option; even the fanciest feel extraordinarily unpleasant after driving an EV for a while.

The would-be EV competition has managed to fail spectacularly. Repeatedly. For a long time.

Tesla's Achilles Heel is, as someone else said, service. *Finally*, the company knows that this is a top priority and is focusing on it and has said so in conference calls repeatedly. That's the best news I've heard out of Tesla in a while.

Their software department is also completely out to lunch, breaking things constantly, never fixing anything, and wasting their time on easter eggs. That remains a serious problem.

But those are my only two concerns about Tesla at this point. Seriously, what other electric car are you gonna buy? Tesla's now priced under every single one of the 2020 entrants.

 

[gilscales]

I knew I should have sold mine when Elon tweeted about the Saudi buyer.


Outside the US those price decreases were even worse for some, $60,000 USD reduction on the Model-X P100D where I am from, that is absurd.

WOW, even at the current exchange rate thats still $42,600 USD, what happened that Tesla could even afford to slash the price that much?

 

[electracity]

Tesla's now priced under every single one of the 2020 entrants.

If Tesla is just liquidating old inventory S/X prices will return to higher levels after those cars are updated.

Anyone know the wire gauge to the battery on newer S/X? If those cables aren't oversized like the model 3 then I think the price cut is temporary and was done to clearing inventory.

The S/X going forward need to charge at 250kw ish.

 

[Darren Donovan]

I'm up, but obviously not as much as I had hoped by now. I started buying three years ago at 142. That was very close to the bottom. I had some nice gains after that, but also made some significant mistakes thinking I could time the market. After one big mistake I decided to just buy and hold mostly. This changed after Thursday's announcement. I'm tired of watching the stock go up and down while I'm sitting on my hands. I'm about $25,000 back in now, so I'm ahead of the game unless it shoots above where I sold with an epic short squeeze. If I were you I wouldn't sell at this price, but add to my holdings if it keeps dropping. The only thing we have to fear is bankruptcy. That sure as hell better not happen.

No *sugar*! Lol.

 

[gilscales]

If Tesla is just liquidating old inventory S/X prices will return to higher levels after those cars are updated.

Anyone know the wire gauge to the battery on newer S/X? If those cables aren't oversized like the model 3 then I think the price cut is temporary and was done to clearing inventory.

The S/X going forward need to charge at 250kw ish.

I read it is smaller than the charge cable harness of the model 3 and not as capable, don't know the max rating though.

 

[Zer0t]

I was looking at auto trader and it doesn’t seem the used market has reacted yet. 1 year old car is more than a new one by a lot and that’s not counting even the diminished tax incentives.

 

[P100D_Me]

WOW, even at the current exchange rate thats still $42,600 USD, what happened that Tesla could even afford to slash the price that much?

Panic and recklessness is all I can come up with, anyone with some financial insight want to enlighten us as to how?
What has come to light is that outside the USA Tesla had massive profit margins per car.....now we all know that. With that massive price drop it will be very hard for them to raise prices again as some are suggesting, they certainly can't count on having those same profit margins per car again because buyers wouldn't fall for it.

 

[electracity]

I read it is smaller than the charge cable harness of the model 3 and not as capable, don't know the max rating though.

Well, then the battery/charging system of the S/X has to be ungraded. It makes no sense to release Supercharger V3 with a capability that is unusable for the top of the line vehicles.

 

[BulldogsRus]

It's completely ethical and even normal to stop issuing bonuses, which are NEVER guaranteed.

They found out via a blog, he never even gave them a heads up, hence my "unethical" comment.

 

[⚡️ELECTROMAN⚡️]

They found out via a blog, he never even gave them a heads up, hence my "unethical" comment.

Uncool maybe but not unethical. The way I always found out my job was over was with two paychecks and a pink slip. They’re not going to get much sympathy from me. They were overpaid and the car sells itself anyway.

 

[Big Toys]

So the bottom line is: what other electric car are you gonna buy? Gas cars aren't an option; even the fanciest feel extraordinarily unpleasant after driving an EV for a while.

The would-be EV competition has managed to fail spectacularly. Repeatedly. For a long time.

Tesla's Achilles Heel is, as someone else said, service. *Finally*, the company knows that this is a top priority and is focusing on it and has said so in conference calls repeatedly. That's the best news I've heard out of Tesla in a while.

Their software department is also completely out to lunch, breaking things constantly, never fixing anything, and wasting their time on easter eggs. That remains a serious problem.

But those are my only two concerns about Tesla at this point. Seriously, what other electric car are you gonna buy? Tesla's now priced under every single one of the 2020 entrants.

The Achilles' Hell quote is mine. I fear it is too late. There are too many M3 cars being sold and there is simply no way for service to catch up to the upcoming demand. This will piss off many newcomers who will transition to other brands once they become available, and scare away first timers.

 

[jegs]

So now screwing their own employees, not just customers. Just wait and see what happens when they go online only. Every one of the 4 Tesla buying experiences I went through required an owner adviser to aid the process (and fix stuff online couldn't handle, like trade-ins or financing, or simply my deliver specialist not showing up to appraise the car or even deliver it). I never needed an OA to explain anything about the car or options - I usually was more informed than they were. Elon's "you can buy a car in 1 minute on the phone, drive it for 7 days and return it" is total and complete BS as it only applies to someone who has cash to buy it and no trade-in. Most people will have a trade-in and need a loan. 7 days in, how exactly does this returning of the car look like? They hold onto your trade for 7 days? They don't actually fund the car with a loan until 7 days later? I highly doubt it. Elon is completely disconnected from reality on this one - I guess no different than "everyone gets a P100D loaner during service".

Unfortunately it appears that it is the beginning of the end for Tesla as an autonomous company. They are closing their retail stores at the same time as their sales volume is plummeting. Sales in January were weak, as was expected given their end of the year push and the halving of the federal incentives. In February sales fell off the cliff and were even worse in the U.S. Closing stores cannot help them increase sales and they have to know it. And since they have to scale this up and sell more cars in order to become profitable this tells me they have given up. If they were in it for the long term they would have redoubled their efforts instead of curtailing many of them.

 

[PWlakewood]

Unfortunately it appears that it is the beginning of the end for Tesla as an autonomous company. They are closing their retail stores at the same time as their sales volume is plummeting. Sales in January were weak, as was expected given their end of the year push and the halving of the federal incentives. In February sales fell off the cliff and were even worse in the U.S. Closing stores cannot help them increase sales and they have to know it. And since they have to scale this up and sell more cars in order to become profitable this tells me they have given up. If they were in it for the long term they would have redoubled their efforts instead of curtailing many of them.

so this is the end for Tesla? wow you must have a crystal ball or something because last time I checked they were adding new markets for sales and deliveries. Do you even follow Tesla and what they are ACTUALLY doing?

 

[roblab]

So the bottom line is: what other electric car are you gonna buy? Gas cars aren't an option; even the fanciest feel extraordinarily unpleasant after driving an EV for a while.

The would-be EV competition has managed to fail spectacularly. Repeatedly. For a long time.

Tesla's Achilles Heel is, as someone else said, service. *Finally*, the company knows that this is a top priority and is focusing on it and has said so in conference calls repeatedly. That's the best news I've heard out of Tesla in a while.

Their software department is also completely out to lunch, breaking things constantly, never fixing anything, and wasting their time on easter eggs. That remains a serious problem.

But those are my only two concerns about Tesla at this point. Seriously, what other electric car are you gonna buy? Tesla's now priced under every single one of the 2020 entrants.

Agreed that Tesla has low competition, but how do you think service is a problem? My cars have never, NEVER needed service, two with over 80,000 miles on them, one with over 10,000. What's there to service?

Or are you just taking it in for fun? Everyone I know never takes their car in for service. Why do YOU? Maybe you just like to pay for things you don't need.

As to "Easter eggs", why is that a "serious problem"? Never been a problem on my car. Never worry about them. Car works great, software works great on center screen. Don't need to worry about Easter eggs.

You ought to try running your car for four years without taking it in for service. Use the money to take a friend out to dinner or something. Or put it in the bank.

Service is not an achilles heel, not in any way. You are flat wrong. There is no service. Tesla will happily give you an appointment, keep your car all day, and return it to you at the end of the work day, and even charge you so you will be happy. Personally I'm happy without the folderol, the getting my car to the service center (115 miles), leaving it, coming back, paying for nothing.

I can deal with doing without service!

 

[eRandall38]

Unfortunately it appears that it is the beginning of the end for Tesla as an autonomous company. They are closing their retail stores at the same time as their sales volume is plummeting. Sales in January were weak, as was expected given their end of the year push and the halving of the federal incentives. In February sales fell off the cliff and were even worse in the U.S. Closing stores cannot help them increase sales and they have to know it. And since they have to scale this up and sell more cars in order to become profitable this tells me they have given up. If they were in it for the long term they would have redoubled their efforts instead of curtailing many of them.

This post came across as strange for some reason, not sure why. But it made me look at your profile. Nearly every single post you have made is just negativity about Tesla. Curious why you spend time on a Tesla focused board?

 

[⚡️ELECTROMAN⚡️]

Unfortunately it appears that it is the beginning of the end for Tesla as an autonomous company. They are closing their retail stores at the same time as their sales volume is plummeting. Sales in January were weak, as was expected given their end of the year push and the halving of the federal incentives. In February sales fell off the cliff and were even worse in the U.S. Closing stores cannot help them increase sales and they have to know it. And since they have to scale this up and sell more cars in order to become profitable this tells me they have given up. If they were in it for the long term they would have redoubled their efforts instead of curtailing many of them.

This is an obvious troll that doesn't know what he's talking about. If this is giving up I would hate to see all in. Lowering prices and closing showrooms does leave a lot to the imagination. It would be nice if they would explain better their rational for the abrupt change. Maybe they do in the press conference after the announcement. I still need to listen to that. There's no way demand has dropped off a cliff. There are so many people that love Teslas. And look at the owner satisfaction ratings. #1!

 

[PhilDavid]

Agreed that Tesla has low competition, but how do you think service is a problem? My cars have never, NEVER needed service, two with over 80,000 miles on them, one with over 10,000. What's there to service?

I guess some would say, I've owned a house all my life and it has never caught fire. What's there to extinguish?

Obviously, if you've been paying attention, you would know service is an issue for many customers. Elon HIMSELF stated in the previous earning call that they understand service is a problem and they are prioritizing fixing service. So Elon disagrees with your assessment of there not being any service issues to fix but I am glad you are so happy

 

[TeeEmCee]

This is an obvious troll that doesn't know what he's talking about. If this is giving up I would hate to see all in. Lowering prices and closing showrooms does leave a lot to the imagination. It would be nice if they would explain better their rational for the abrupt change. Maybe they do in the press conference after the announcement. I still need to listen to that. There's no way demand has dropped off a cliff. There are so many people that love Teslas. And look at the owner satisfaction ratings. #1!

So now head not buried in sand = troll?