Got it - $110,000 is a "cheap" and affordable EV. Something that is over 3 times the average selling price of a car today (probably well over 4 times the price, back in 2012) is "cheap". You just keep justifying it - but you're flat-out wrong.
Most LiPo charger ICs can be set up to turn OFF once you reach full charge, and turn ON again when you drop below a set level. It your charger IC is set to always trickle charge - you're doing it wrong.
Tesla lost $700+ million to sell those cars. They already lost money just making them and selling them, before any R&D or debt servicing or other expenses are included. They lose money on every vehicle they sell, and are down to less than 3 quarters of cash in the bank, at current burn rates. Not very good...
PS: SG&A was, once again about 20% of revenue. It's continuing to scale linearly with revenue growth, there is no savings in volume at all.
The average new car in the US today is around $34000; the typical Model 3 is between 60 and 100% higher than that. In other words - it's well above what the average person is willing to spend on a vehicle.
Tesla LOSES MONEY on every car sold. How many times do I have to correct you on this? They lost over $700 million last quarter, selling around 41,000 cars. You talk about "gross margins" and ignore the fact there are sales costs (S&GA) that are REQUIRED to deliver those revenues. And that makes the company lose money (it's been scaling linearly with revenue for years). You want to look at revenue and only SOME of the expenses REQUIRED to get that revenue. And that doesn't even include the servicing of all that debt. Nor R&D, or other expenses to keep the company going.
Just sales of product and cost of sales makes it a losing proposition.
Tesla has less than 3 quarters of cash burn left. Musk committed securities fraud. Tesla cannot - has not - delivered a $35K vehicle. It's not looking good at all, and this money-losing tunnel is simply another "look over here, people!" from Musk in an attempt to deflect from the failure of Tesla.
It's perfectly legal in California, where Los Angeles is based. Too bad your State doesn't allow what California, and 95% of the rest of the world, allows.
TSLA has about $2.2 billion in cash and short term investments, on-hand. Ford has about $36 billion on hand. TSLA is losing a large percentage of that cash every quarter; Ford is adding to their holdings. And yet - market cap of TSLA is larger than Ford.
Citizens have the right to vote - non-citizens do not. Citizens have the right to own firearms; non-citizens do not. The first right is somehow exempt from proof of identification and ANY perception of ANY restriction; the latter is heavily restricted, requires ID, and is constantly under attack. What is good for one right is good for another.
Uber was founded in 2009. It's been 9 years, and there is still no path to profitability in sight. They had their time as a "startup" to grow and get established; at what point do they move from being a growing startup to being a money-losing operation?
Then do it, and do what I do - a motorcycle. Lane splitting means that when you're stuck on the 10 or the 101 - I'm still moving. I can always find parking between vehicles. I get free parking in public garages, in the striped sections at the ends of the rows. I get 50+ MPG. I pay $285/year for insurance, for full coverage with a $500 deductible. It's a Honda motorcycle that needs an oil change every 8000 miles (very low service intervals). Get out of your car, get on a motorcycle, and free yourself.
Look back over the previous 4 quarters - billions lost. It's already happened. Now, I'd be interested in what previous 4 quarters resulted in hundreds of thousands shipped. There's no "forecasting/trending" here, I'm looking at what has already happened - what is factual, not wishful.
Messenger over message - how tolerant of you! If you looked at the link, you'd see it's a list of CONVICTIONS - meaning hard, actual facts you can look up. Not charges (which are much higher), but actual convictions.
Yep! Probably from Senator Diane Feinstein, previous chair of that committee. And one who has LOTS of experience with foreign intelligence mucking about, given the 20 years she had a Chinese mole on her staff...
The P30 is actually much more advanced and was a much bigger challenge than the iPhone X - because it actually included the technological innovation called a 3.5mm TRRS jack for your wired headphones!
I guess you've never had a strike price option, or performance-based compensation, then? If you don't perform, or the stock drops - you lose all that. If that's the bulk of your compensation - you've lost it all.
Slashdot Mirror
Got it - $110,000 is a "cheap" and affordable EV. Something that is over 3 times the average selling price of a car today (probably well over 4 times the price, back in 2012) is "cheap". You just keep justifying it - but you're flat-out wrong.
Most LiPo charger ICs can be set up to turn OFF once you reach full charge, and turn ON again when you drop below a set level. It your charger IC is set to always trickle charge - you're doing it wrong.
Tesla lost $700+ million to sell those cars. They already lost money just making them and selling them, before any R&D or debt servicing or other expenses are included. They lose money on every vehicle they sell, and are down to less than 3 quarters of cash in the bank, at current burn rates. Not very good...
PS: SG&A was, once again about 20% of revenue. It's continuing to scale linearly with revenue growth, there is no savings in volume at all.
Rei! You're back! You're needed over on the "Musk made Tesla shorts billions" thread... But anyway...
The average new car in the US today is around $34000; the typical Model 3 is between 60 and 100% higher than that. In other words - it's well above what the average person is willing to spend on a vehicle.
Tesla LOSES MONEY on every car sold. How many times do I have to correct you on this? They lost over $700 million last quarter, selling around 41,000 cars. You talk about "gross margins" and ignore the fact there are sales costs (S&GA) that are REQUIRED to deliver those revenues. And that makes the company lose money (it's been scaling linearly with revenue for years). You want to look at revenue and only SOME of the expenses REQUIRED to get that revenue. And that doesn't even include the servicing of all that debt. Nor R&D, or other expenses to keep the company going. Just sales of product and cost of sales makes it a losing proposition.
Tesla has less than 3 quarters of cash burn left. Musk committed securities fraud. Tesla cannot - has not - delivered a $35K vehicle. It's not looking good at all, and this money-losing tunnel is simply another "look over here, people!" from Musk in an attempt to deflect from the failure of Tesla.
It's perfectly legal in California, where Los Angeles is based. Too bad your State doesn't allow what California, and 95% of the rest of the world, allows.
TSLA has about $2.2 billion in cash and short term investments, on-hand. Ford has about $36 billion on hand. TSLA is losing a large percentage of that cash every quarter; Ford is adding to their holdings. And yet - market cap of TSLA is larger than Ford.
Citizens have the right to vote - non-citizens do not. Citizens have the right to own firearms; non-citizens do not. The first right is somehow exempt from proof of identification and ANY perception of ANY restriction; the latter is heavily restricted, requires ID, and is constantly under attack. What is good for one right is good for another.
Uber was founded in 2009. It's been 9 years, and there is still no path to profitability in sight. They had their time as a "startup" to grow and get established; at what point do they move from being a growing startup to being a money-losing operation?
Then do it, and do what I do - a motorcycle. Lane splitting means that when you're stuck on the 10 or the 101 - I'm still moving. I can always find parking between vehicles. I get free parking in public garages, in the striped sections at the ends of the rows. I get 50+ MPG. I pay $285/year for insurance, for full coverage with a $500 deductible. It's a Honda motorcycle that needs an oil change every 8000 miles (very low service intervals). Get out of your car, get on a motorcycle, and free yourself.
Nissan is nowhere close to Tesla.
Especially in terms of price.
Who was selling them that cheap before Tesla was barreling down on them with lofty promises and rapid growth? I bet you’re scared to answer.
That was the question. The answer is, of course, the Nissan Leaf.
I'm sorry, the question was about who was selling a cheap EV - I guess you consider the Roadster "cheap"?
Average price of a new car in the US is around $34K, about half of what you claim - and about 60% of the entry-level price on shipping Model 3s...
Nissan Leaf - released about 15 months before the Model S. And about 7 years before the Model 3.
Non Citizens Are Not Voting, If they are, they are magically leaving no trace of the crime. Accept It.
Proven false by documentation. So it happens - now we can argue over how much fraud is acceptable - but it happens.
Look back over the previous 4 quarters - billions lost. It's already happened. Now, I'd be interested in what previous 4 quarters resulted in hundreds of thousands shipped. There's no "forecasting/trending" here, I'm looking at what has already happened - what is factual, not wishful.
Messenger over message - how tolerant of you! If you looked at the link, you'd see it's a list of CONVICTIONS - meaning hard, actual facts you can look up. Not charges (which are much higher), but actual convictions.
Five to Zero. I win.
Nope, never! I mean, it's not like there is a record of voter fraud that includes convictions for voting illegally (as a non-citizen)...
Yep! Probably from Senator Diane Feinstein, previous chair of that committee. And one who has LOTS of experience with foreign intelligence mucking about, given the 20 years she had a Chinese mole on her staff...
The P30 is actually much more advanced and was a much bigger challenge than the iPhone X - because it actually included the technological innovation called a 3.5mm TRRS jack for your wired headphones!
I guess you've never had a strike price option, or performance-based compensation, then? If you don't perform, or the stock drops - you lose all that. If that's the bulk of your compensation - you've lost it all.
Only when integrated over a suitable timeframe...
An iPhone for those who want a real OS!
McDonald's has about 1.9 million employees, and pays about $2 billion in income taxes. So that's about $1000 income taxes per employee.