1x Tsla Discussion Threads

[hosede] 27/1/2023 13:30

Yes Electric town cars excellent - cuts pollution, but the fundamental problem with long range electric is that you are using a lot of extra energy dragging a massive battery around.

[kirk 6] 27/1/2023 08:14

Trouble * travel

[johnwise] 27/1/2023 08:06

There's a treatment for the Eco Lunacy which infects LibLabCON and is called The General Elections

Via The Third World Club

Britain forced to ask EU for help to keep lights after major fault on energy network
Britain went cap in hand to Europe to keep the lights on during the latest energy emergency, it emerged yesterday.

[johnwise] 27/1/2023 07:39

Tempted to buy an electric vehicle, you first have to believe in 'climate change'.


Electric vehicles? Move on, nothing of long term advantage to see here .

Mug punters queue here..Standstill: Drivers queue to charge their cars at a Cumbria service station

[gaffer73] 26/1/2023 15:17

Short term, but will she sell. The drop in demand has only just started.

[hosede] 26/1/2023 14:22

Looks like Cathy was right to buy - at least short term. I guess there was always going to be a bounce but it's retraced FIB 61.2% of it's last fall.

[hosede] 26/1/2023 09:45

2023 likely to be hard for the whole industry

[simon gordon] 26/1/2023 09:33

Tech Market View - 26/1/23

Are Tesla’s glory days now over?

I’ve lost count of the number of HotViews posts I have written about Elon Musk of last. As I have oft-said ‘There is never a dull, no news day in MuskLand’.

Looking back almost the news or comment has been critical. Whether it was about the goings on surrounding the Twitter takeover or, in the last few days. Musk’s appearances in court over his tweets about securing finance for Tesla – which proved rather wide of the mark.

Last night Tesla announced Q4 results that exceeded expectations with a 59% profits increase YoY to $3.7b on revenues of $24.3b. Tesla delivered 1.3m EVs in 2022 – a smidgen short of its target of a 50% yoy growth.

I had been a long term Tesla investor but sold in 2020/21. As it turned out that was an astute move as the share price has crashed by over 50% since. A friend this week asked me what had made me decide to sell at that time. My main reason was that I had really turned against Musk. He was a ‘hero’ of mine but his antics and public statements really turned me against him as a person. Secondly the many reports on the unreliability and build quality of Tesla cars made me realise that the conventional car manufacturers would really hurt Tesla once their EVs went mainstream. Then there were the growing reports of ‘range anxiety’ which made me, as a potential EV buyer, decide that a pure EV was really not for me. Now clearly many others think the same way. On top of that EVs (and Teslas in particular) are expensive cars. We are in an economic downturn where ‘belts will be tightened’. As petrol costs plummet and electricity prices rise, the economic benefits of an EV have been eroded.

Musk pretty much admits most of this as demand decreases to the point where Tesla has slashed the price of its cars.

With an ageing EV range, maybe Tesla’s glory days are now over?

[blusteradjuster] 25/1/2023 22:19

They’ll increase capacity and, as a result, have to expand the product range and, eventually, offer lower-price-bracket models.

This was always the case - so not exactly news, if you’ve been paying attention.

[hosede] 25/1/2023 21:16

Earnings almost spot on target I think. Don't know what the blurb on future prospects says, but the extended hours CFD is almost level

[beergut] 25/1/2023 20:15

Any predictions for the price action after results this evening.

[hosede] 24/1/2023 11:23

Sorry Typo - now corrected - perhaps 44m would have been nearer the mark :-0

[skinny] 24/1/2023 10:45

Billion......

[hosede] 24/1/2023 10:42

What is Musk doing? If he lets Twitter go insolvent he'll lose the whole 44Bn he paid for it

[dominiccummings] 21/1/2023 10:04

Resentment (as to how he got his wealth) amongst the wealthy is what did for Epstein. Maxwell a poor, spoiled, woman easily led and the only one left here to be punished.

[hosede] 20/1/2023 18:07

Dominic
I agree to an extent. The very wealthy certainly think that - but occasionally they get caught out - like Geoffrey Epstein and Ghislaine Maxwell

[dominiccummings] 20/1/2023 17:29

hosede. You are talking rubbish again. It's America (or to be accurate the USofA). The law doesn't apply to the very wealthy.

[hosede] 20/1/2023 15:36

More trouble for Musk - Like Trumpy boy he seems to think the law doesn't apply to him

[hosede] 20/1/2023 11:41

Cathy still buying more.
Im guessing Q4 will be close to break even with losses accelerating throughout 2023 - as with almost all other car manufacturers. There are just FAR FAR too many of them

[blusteradjuster] 19/1/2023 13:45

For clarity, in hosede's world (strange place), "very short time" could be anything from decades to waiting for Godot..

[hosede] 19/1/2023 13:16

Musk on trial over Tweet about taking Tesla private. He really could go from hero to zero in very short time

[hosede] 17/1/2023 16:53

Well they would do - but what about profits?
any fool can sell things. The problems are (a) getting paid - not applicable to Tesla and (b) making a profit.