Sure but the conflating revenue and profit. Is GM ASP really 45k? Anyway 10% increase in sales? 10% increase in profit? They blew way past that so it would have been an odd time to pad the books with a maneuver like this. Anyway, good to see any good news on the auto side and GM is among my least fav OEMs (Toyota-support for oil and fight against science, VW- terrible company; these two take the cake).
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Peter Lynch Man on the street report:
Recent travel to one of the largest cities in the US, had an early flight. Asked the hotel attendant about reliable transport to the airport, he suggested a particular cab company. This company had an app, could schedule rides ahead, had flat rate of like $43.At the appointed time, the app listed driver as "being assigned", a few minutes later the app changed over to driver is 42 minutes away. Unacceptable to my airport needs so checked out Uber. Fastest Uber at that point was an uber comfort, like $44, ordered it, was 6 minutes away. Was set to be a tesla model Y.
Car shows up, the guy says he drives a lot. The car was some special deal between TSLA and Uber where drivers get to rent the car by the week for in excess of $500. Driver still pays for charging, this was in excess of $230 for our driver on a recent week. The driver insisted he was still making money, I have no idea how. Our fare was 30 minutes, driver got $20. I asked why not just buy a tesla (he had been driving for a long time) but he said the economics were not there for his family.
I am not sure of all the implications of this, but I liked hearing about it as an investor, both in the short term for car sales, leasing, rates of return, and rider exposure. Longer term, I like it as the start of robotaxi fleet.
Has anyone else offered input on this specific relationship?
Recent travel to one of the largest cities in the US, had an early flight. Asked the hotel attendant about reliable transport to the airport, he suggested a particular cab company. This company had an app, could schedule rides ahead, had flat rate of like $43.At the appointed time, the app listed driver as "being assigned", a few minutes later the app changed over to driver is 42 minutes away. Unacceptable to my airport needs so checked out Uber. Fastest Uber at that point was an uber comfort, like $44, ordered it, was 6 minutes away. Was set to be a tesla model Y.
Car shows up, the guy says he drives a lot. The car was some special deal between TSLA and Uber where drivers get to rent the car by the week for in excess of $500. Driver still pays for charging, this was in excess of $230 for our driver on a recent week. The driver insisted he was still making money, I have no idea how. Our fare was 30 minutes, driver got $20. I asked why not just buy a tesla (he had been driving for a long time) but he said the economics were not there for his family.
I am not sure of all the implications of this, but I liked hearing about it as an investor, both in the short term for car sales, leasing, rates of return, and rider exposure. Longer term, I like it as the start of robotaxi fleet.
Has anyone else offered input on this specific relationship?
And BYD, Honda, Nissan, all the smaller Japanese OEMs, the 50 Chinese manufactures we have never heard of, Renault- second largest EV maker in Europe, etc. I have a battery spreadsheet that is more comprehensive than that tripe. For what it is worth...we are far far short of the battery capacity needed.
Artful Dodger
"Neko no me"
Map of Lithium reserve locations in Ukraine: (about half the sites are in disputed oblasts)
Particularly, an arc of 6 lithium resource sites are located in Donetsk oblast (NW of the occupied city of Mariupol). Further, it seems that 11 of 14 total Ukranian sites are located within ~300km of Zaporizhia NPP.
Artful Dodger
"Neko no me"
Yeah, that's a misquote from a recent projection from an analyst: (notice the missing item)
Analysis: Musk's bold goal of selling 20 million EVs could cost Tesla $400 Billion | REUTERS (Aug 30, 2022)
BTW, this estimate is wildly wrong. Giga Texas (including bty cathode plant) will cost less than $10B when complete. 8 more just like it would cost no more than $80B. That's just 20% of what this "analyst" estimates. He may be thinking of what other companies would spend...
Cheers!
Companies in Quebec have to have French names by law. Many big insurance companies moved out of Montreal because of that requirement. (Unless that's changed recently).
That requirement is both hilarious and insane.
Still the case
*However*
A company with a registered tradmark that does not have a French version of the trademark registered can use that trademark on buildings and such. Even if it is not the company name.
Advertising (and print (web?)) must use the real name.
*Fortunately*
Tesla (as the SI unit of induction) is in the Larousse dictionary, so may be fine anyway, unless it runs afoul of the rules around the use of names.
*Further*
There is legislation (currently tabled? ) to tighten all this up, so *shrugg*.
Artful Dodger
"Neko no me"
Two new data points for Tesla China since the start of Q4:
It can only add up to one inescapable conclusion:
DEMAND PROBLEMS! /S
Cheers to the Longs!
- Giga Shanghai did not shut down for the National Holiday over the 1st week of Oct; instead paying employees triple-time to continue car production, and
- Tesla is now continuing to load "Ro-Ro" car carrier ships throughout the night at Luchao port, amid record pace for Tesla shipping departures from Shanghai.
It can only add up to one inescapable conclusion:
DEMAND PROBLEMS! /S
Cheers to the Longs!
Preaching to the choir I know, but I love how TSLA is a tech stock when US tech is down, a Chinese stock when China is down, and an auto stock when auto is down. /rant
Worth noting that Renault is abandoning their own EV platform and going with the shared Mistu/Nissan/Renault platform for the replacement. As many have predicted, the partnerships and consolidation in the industry are happening.
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Two new data points for Tesla China since the start of Q4:
【Oct.25.2022】Tesla Night Transport, Logistics System Speeds Up \Giga shanghai\4K # 3
- Giga Shanghai did not shut down for the National Holiday over the 1st week of Oct; instead paying employees triple-time to continue car production, and
- Tesla is now continuing to load "Ro-Ro" car carrier ships throughout the night at Luchao port, amid record pace for Tesla shipping departures from Shanghai.
It can only add up to one inescapable conclusion:
DEMAND PROBLEMS! /S
Cheers to the Longs!
Trick Or Treat Troy gives a treat post.
Should be lots of deliveries in Europe in Q4.
I want to give a "crying with laughter" reaction for that one.
StealthP3D
Well-Known Member
And here we thought the end of oil would mean the end of energy wars!
Just the oil wars. And actually only for a short period of time because the lithium in batteries can be used again, so once there are enough BEVs on the road lithium mining will be peanuts.
StealthP3D
Well-Known Member
Yeah, but on the bright side, Tesla is up when automakers without union and dealership baggage and with high profit margins and unified renewable energy divisions with rapidly scaling state-of-the-art battery manufacturing and leading-edge artificial intelligence capabilities are rallying. So we've got that going for us! /s
Knightshade
Well-Known Member
None of the math of that rent-a-tesla-to-do-uber program makes any sense at all to me versus the driver directly leasing or buying it themselves other than perhaps it's available to those with otherwise horrendously bad, or no, credit?
Anyway the program is actually through Hertz- $334/week plus taxes and fees and one has to expect that'll be an SR+...LR is also available but no price listed.
JRP3
Hyperactive Member
This type of requirement seems like something that would rule out Quebec from the start, I doubt it's the only ridiculous law on the books there. Surprised Elon would even consider it.
CLK350
Member
"La Tes Gigafactory"?
"Tesla Giga Usine" - TGU in short, sorta like the TGV's (French bullet trains, Trains a Grande Vitesse )
The problem I see with Quebec is snow. Pumping out 10,000 vehicles a week means a constant stream of vehicles coming out the factory and onto trucks. When it's snowing a foot outside, that is a problem....
(Internet search says they get more than 10 feet of snow/year)
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