did we shake out all the bears yet ? this is one of the most balanced conference calls i can remember.. Elon is on ... CFO is clear .. . Lars is presumptive successor to Elon
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2024 is all Foundation series and may spill over into 2025. That should cover most/ all of the ramp.I know they said the CT wasn't a high profit vehicle at this point. I think investors would agree they should continue the FS until it is, no?
Thanks, but I disagree. Whatever they can COGS the Model 3 at, it's easy to imagine an urban vehicle that has 2/3 the acceleration, 2/3 the entertainment, 2/3 the range, 2/3 the storage, and a more economical production model, which should cost ~2/3 as much. So if the 3 COGS for $30 K, then the new model can be $20 K. In other words, price will be relatively better than whatever they can do with the 3, especially since the volume will be higher.now that the ER is out and SP is stabilized (actually goes up from 145 to 150), I feel a little bit relaxed to post. I personally think that the $25,000 vehicle is not a very good idea, at least using current technology (i.e., battery).
1. For $25,000, the performance of the car will be much lower than Model 3 RW, and mostly importantly, use a small battery and thus a very low range.
2. For some reason Chinese car makers are already able to sell cars in that range, or even lower. I don't see Tesla can take any advantage on that segment (in China) Many Chinese investors are yelling that sell cheap car in China only lower the brand name and image.
3. The initial capital expense is large, but the margin is low.
4. I just learned that even Toyota Corolla SE cost $28000 in Bay Area, CA. If Tesla keep improving the cost of model 3 and can have a 10-ish% margin to sell it at $30000, Model 3 along will be able to dominate the market. I wonder is it possible.
While I have a bit of money left, this conference call may have just saved me from getting a call...I have just a bit of money left in my bank account for me to live for the next months, other than what I have invested, but my finger is itching to just dump it all here and go live under a bridge or something
"There a bunch of new markets...for selling cars...we will see some acceleration of that."
Supervised autonomy coming in any market that will approve of it including China.
Don’t beat me up here but was does term “unboxed” means in terms of tesla car building.