Just speculation on price:
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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GhostSkater
Member
In my opinion, is pretty simple
It's simply too expensive to have meaningful volume here considering the country fleet and population size
As you said, easy to have a few, hard to make a dent on the market even with 3/Y. We see those two becoming the best or close to the best sold in every market they are available, impossible to even come close to that here
The Brazilian Real has lost a ton of value on the past years, on top of that the new vehicle price skyrocket, today you can buy the most barebones new car for close to to what you could buy a nice medium class SUV 5 years ago, it's completely ridiculous, you are paying a lot for absolute garbage
For context, the cheapest new car you can buy today here is R$ 70k or ~$ 14K, a Model 3, assuming it would arrive for the same price as in the U, which is unlikely) would be R$ 200k, if it was the same price as in China R$132k
Both still too high in my opinion for market dominance, the most sold passenger car in 2022 was the Hyundai HB20, which goes for R$ 84k
Don't think Tesla need to go for this low price to be the market leader, but something between R$ 100k and R$150 k, which would be $ 20k to $ 30k
And this is not counting the huge infrastructure expense it has to build at the same time
TLDR: Brazil needs a cheaper vehicle to have good market penetration and make it worth the cost on entering this market, so whatever comes out of Mexico makes sense. And I still think there is a huge cultural battle to be fought, won't be quick adoption to market dominance, but a slow uphill climb, but will get there
EV's, especially with charging at home while you sleep, eliminate the slavery of gas hoses...
willow_hiller
Well-Known Member
Given it's already August 14th in China now, they may have just been briefing salespeople on these price changes.
Temporary 8000 RMB incentive for Model 3 might be an inventory clear-out tactic in preparation for Highland. Or it may just be a promo for partner insurance. Translated ad says:
"Model 3 limited-time insurance subsidy for existing cars is waiting for you to claim
From August 14, 2023 (inclusive) to September 30, 2023 (inclusive)
Order the Model 3 rear-wheel drive version of the current car and complete the delivery, and purchase the corresponding car insurance through a cooperative insurance agency to enjoy subsidies"
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Wild theory on Twitter than Elon is going to buy US Steel (market cap $5B) for the “x” stock ticker (and us steel might be beneficial for supplying his various companies.)
Theory coming from US steel announcing it had received unsolicited takeover interest.
Theory coming from US steel announcing it had received unsolicited takeover interest.
BREAKING: Tesla cuts Model Y prices in China, offers insurance subsidy for Model 3
Tesla cut the prices of two pricier versions of the Model Y by RMB 14,000 in China and started offering an RMB 8,000 insurance subsidy for the Model 3 entry-level version in inventory.
cnevpost.com
That is 9 trucks, why photoshop the image to look like 27?
It has also been said on multiple occasions by Elon that Tesla will lower prices to keep the factories at full production rather than optimize for margins. With the Chinese economy going into a recession, a spike in PPI this week and US interest rates remaining high, there is a non-insignificant probability that Tesla continues to drive prices down to match supply with demand.
Long term, Tesla is sure to come out of any downturn with the lion's share of the market. And I agree margins will rise when economic conditions improve. But short term (over the next year), I would not be surprised if prices and margins stay depressed. The price decrease in China overnight is another data point. I think we are still a ways away from margins optimization.
I will be very interested to see how they price the new Model 3. If they price it starting with a '2' as has been rumored out of China, that will be a sign to me they are still in the 'drive down the selling price' and to not expect margin improvement anytime soon.
The steepest part of the S curve is itself a money furnace where margins doesn't come from cost reduction but from economy of scale. Once they hit max production, then they will focus. on cost reduction. This is a normal cycle Tesla has gone through many times.
Cleveland Cliffs made a $7.3B buyout offer that US Steel rejected.
Apparently they are getting buyout offers of ±7B and are rejecting them
US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives
United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it...
Quite conceivable that September 2023 may be an awesome month, with the introduction of the Highland 3 on or about September 1st and CyberTruck on the 29th!
Wouldn't that be cool?
Wouldn't that be cool?
dhanson865
Well-Known Member
Gary Black figured the price cut is a difference of $0.035c EPS as Y SR makes up 82% of the volume in China and 14% of it is LR while 4% is performance.
Mike Smith
Active Member
CNBC has an important story called:
"Cyber concerns: CNBC executive's old Tesla ends up in Ukraine, new owner able to access accounts"
The story goes like this: a CNBC executive's totaled Tesla was shipped by the scrap yard to Ukraine and Spotify was still logged in, which obviously raises concerns about the Cybertruck launch.
"Cyber concerns: CNBC executive's old Tesla ends up in Ukraine, new owner able to access accounts"
The story goes like this: a CNBC executive's totaled Tesla was shipped by the scrap yard to Ukraine and Spotify was still logged in, which obviously raises concerns about the Cybertruck launch.
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My favorite features must be the bio-Phosphorescent Headlights/Taillights (Image) Ambient Lights Silk Seats Surface
frameless doors AI LLM-driven voice interface - due September 31st ! Can't wait !
frameless doors AI LLM-driven voice interface - due September 31st ! Can't wait !
Artful Dodger
"Neko no me"
Yeah, that wasn't photoshop, that was MS Paint... from Windows 3.0.
Cheers to the Nineties!
EldestOyster
Member
I'm quite surprised on one remembers Nissan's original volley. That Mobil ad feels like a mirror-universe response.
What If Everything Ran On Gas?
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