stef
Member
So either Warren will dump all his insurance investments… or buy TSLA as an hedge is the most logical option.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Yes, not doubt BH will have people keeping an eye on FSD progress (i.e. buying and testing the software, not following a few X poster lol) and will either have been or will invest in Tesla, they will not announce it before hand so by the time Joe Public knows they will have accumulated a large holding. It's just a matter of time now.
I'm not so sure. Elon is not the type of CEO Berkshire prefers to invest in. Warren (and Charlie was like this too) prefer standard business oriented CEO's, meaning predictable and dependable, dare I say "cookie cutter". While Warren may admire Elon for what he's accomplished, he has stated many times how Elon is too unpredictable for him to invest into.
While Warren would probably be wise to buy TSLA at it's current low valuation, I think he'd sooner put his money into some dependable blue chip instead. He prefers Coca Cola and Apple over volatile wild cards like Tesla.
Stretch2727
Engineer and Car Nut
Insurance is regulated and competitive. If losses go down they will be forced by regulators and competitive pressures to lower rates. Assuming a fixed margin the profit will decline.
Dude, it’s in about 500 places. Google it.
Report: Tesla laying off thousands of employees worldwide, cutting hours for some Austin employees
Anybody steeped in actuarial practice, Warren Buffet is a superb example, understands the impact of loss severity, and also the increased likelihood of self insured status for operators, with reinsurance for excess risk. That is not a recipe for good results in traditional car insurance.
It’s literally just 1 to 1.5 hours off the shift, probably due to efficiency gains. Not “reduced shifts”, which implies an entire shift was cancelled.
In terms of less cars being ineligible next year, yes. However, it does not make additional vehicles eligible this year.
(As I understand it)
Sorry if you read it that way. Reasonable interpretation. Not meant that way.
What is likely reason is only a guess at this point, though and an 8.3-to-12..5 percent reduction in hours spent building CTs is notable. Whatever the reason.
insaneoctane
Well-Known Member
Doesn't this support the idea that insurance is benefiting from accident frequency? Wouldn't that go against the concept that rates are driven by actuarial "costs"? If insurance isn't skimming a percent of actual costs, then why would they care about how frequent or amount of costs?
Reminds me of when Southern California pressured residential customers to significantly reduce water consumption due to drought. Californians over performed and all the water utilities couldn't afford to pay their staff, pensions and infrastructure since the cost model was based on $/gal and far less income was being collected. The solution was to increase rates. Insult to injury...Quite obnoxious.
Stretch2727
Engineer and Car Nut
It was a theoretical in the future question. But Ajit (Buffet's eventual replacement) commented that Tesla was seeing lower frequency with higher costs due to the cost of repairing complex cars. Not sure if he was speculating or commenting from the data they must have from Geico.
That sounds accurate. Including the geico part. Don’t ask me how I know. It’s painful.
2daMoon
Mostly Harmless
I see you pulled out the "Jump To Conclusions" game, ... again.
2daMoon
Mostly Harmless
visiting Beijing auto show:
ICE age is over in china, there was so many EV’s on display.
Saw about 20 Chinese cars similar than Tesla Y or 3, the competition is here in China and Tesla is the reference.
Chinese customers want EV with style, comfort and good software.
Chinese booths were so packed that lines were created on the alleys to get in. EV sale will slow down?
Picture of xiaomi booth (a phone maker that start making cars)
Foreign auto makers market share and profit will shrink fast. German cars feel outdated and outnumbered (picture of WV booth).
Safety is important in China, the traffic is dense and with a lot of 2 or 3 wheelers in bike lanes at each intersection, making a turn right or left challenging. If FSD can make the turns naturally Tesla will sale cars with FSD.
Due to competition, Tesla will lose market share in China but should see growth as the China EV market expand rapidly .
This YouTube video gives an idea of the number of brands (has some subtitle with range and prices), click on the video description to see the brands links.
ICE age is over in china, there was so many EV’s on display.
Saw about 20 Chinese cars similar than Tesla Y or 3, the competition is here in China and Tesla is the reference.
Chinese customers want EV with style, comfort and good software.
Chinese booths were so packed that lines were created on the alleys to get in. EV sale will slow down?
Picture of xiaomi booth (a phone maker that start making cars)
Foreign auto makers market share and profit will shrink fast. German cars feel outdated and outnumbered (picture of WV booth).
Safety is important in China, the traffic is dense and with a lot of 2 or 3 wheelers in bike lanes at each intersection, making a turn right or left challenging. If FSD can make the turns naturally Tesla will sale cars with FSD.
Due to competition, Tesla will lose market share in China but should see growth as the China EV market expand rapidly .
This YouTube video gives an idea of the number of brands (has some subtitle with range and prices), click on the video description to see the brands links.
Huge. Walmart really leads in many sectors of sustainability. Sad to say but true. From Solar on rooftops to sunlight tubes to replace lighting, etc. If you have an environmental business pitch Walmart will listen.
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