TSLA corporate outlook

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johnlocke said:
LeftieBiker said:
palmermd said:
build quality on my car and every owner I've spoken with is fine. Of course you will find a few bad cars out of 90k every quarter. It is just with Tesla they seem to make front page news and with other manufacturers you don't hear about it. overblown in my opinion.

Maybe, but then why the terrible JD Power rating for initial quality? That sort of thing affects sales in the long run.
Could be that Tesla doesn't pay J D Powers to do surveys. It's an open secret that J D Powers will figure out a Survey that makes you come out on top if you pay them to. It's then obvious that anybody who doesn't pay them ends up ranking lower.

Thanks. Since I have never spoken to a Tesla owner complaining about build quality you may have a valid point.
 
GaleHawkins said:
Thanks. Since I have never spoken to a Tesla owner complaining about build quality you may have a valid point.
I've never heard of johnlocke's assertion until recently.

I've posted about a guy at work at https://mynissanleaf.com/viewtopic.php?p=539275#p539275 before and probably elsewhere. I've pointed out to a different Model 3 driver at work that his taillights had condensation inside, which he then acknowledged and hadn't known about before.

Although this is borderline a reliability prob vs. build quality, but someone at my work told me about the story of a child in their carpool group. The child would ask "what color is the car going to be today?" Turns out the driver had a Model X that was in the shop so much, they would get a loaner each time and usually of a different color.

It is no surprise than the has every year so far, the Model X been in the bottom 10 of Consumer Reports reliability ratings.
 
The Model X is just too complicated to interest me even if I had the money.

I am interested to see the look and feel of the $25K Model C (Cheap). :)
 
^^^ The Model C comes with pre-detached fenders, in all the colors of the rainbow. Quite literally, as none of the body panels will be the same color!

The QC issues have been widely discussed on tmc by owners bitching about them - J.D. Power doesn't have to make anything up.
 
Friday's TSLA close: $1544.65 +$150.37 (10.78%)

Aren't "momentum" stocks fun? Will TSLA be the next "tulip mania" or will it be the next AMZN.

Place your bets and roll the dice!

Even if the stock value drops by half, the crazy high stock price provides considerable support for capital raising in a capital-intensive industry.
 
Yes indeed. The entire nature of the EV market is moving so fast I'm surprised TSLA can even keep up. Good to see that free market economics really does work as well as advertised.
 
coleafrado said:
I hope my sarcasm has been detectable.
I detected it, but remember Poe's Law.

TSLA is a lottery ticket. Probably worthless before 20 years, but might be worth a lot more than today's valuation.

I don't put my net worth on red or black and spin the wheel.
 
If this follows the dot-com bust, we'll be seeing folks bragging about buying TSLA at $1200 after the cusp. Of course, it may be $600 a few months after that.....

It is entertaining to watch the mania in real time although it's hard not to have some FOMO pangs thinking back to when it was trading at $250. But I'm too old to play that game.
 
Tesla former VP of quality explains why 1st batch of Teslas might not be ones to get
https://electrek.co/2020/07/13/tesla-former-vp-quality-explains-issues/

Chain shared a discussion he had about the Model S test program ahead of the production:

“Another good example is the long-term durability evaluation of a car. When I discussed it with Elon, I told him our engineers’ calculations led to at least a million equivalent miles of driving required before launching the car — a six-month phase required to discover potential weaknesses and fix them. My request was actually very limited in regards to the industry practices: German manufacturers don’t release a car that has not clocked 10 million kilometers and two winters. Elon, in his customary laconic way, answered: “OK, do it. But we are not delaying the launch date for it… — But we might encounter issues that will require some modifications of the production models… — Yeah, I know, but we will make the changes afterward if we have to… — Even if it involves recalling some cars? — Yes. And for the rest, we will adjust by pushing some OTA upgrades (Tesla’s main software is maintained and upgraded remotely on a regular basis, just like a PC).”

The executive said that Musk didn’t care about shipping cars with inconsistent panel gaps that could be fixed later because he believes that consumers will be willing to overlook the quality issue in order to drive the car.
The first part perfectly lines up with what I've been pointing out for a long time:
https://mynissanleaf.com/viewtopic.php?p=498198#p498198
https://mynissanleaf.com/viewtopic.php?f=10&t=2429&p=497971&hilit=durability#p497971
https://mynissanleaf.com/viewtopic.php?f=10&t=18016&p=497155&hilit=durability#p497155
https://mynissanleaf.com/viewtopic.php?f=10&t=18016&p=541134&hilit=durability#p541134

The fact that he worked at Renault before Tesla should give pause... And, German automakers (since he mentioned them) aren't exactly known for good long-term reliability either. So, if they do that much and Tesla takes shortcuts... I did start https://mynissanleaf.com/viewtopic.php?f=12&t=17305 awhile ago.
 
It took them 17 years, but via ABG:
Tesla reports profit for fourth straight quarter, setting it up to join S&P 500

Next steps: Musk says 'our cars are not affordable enough, we need to fix that'


https://www.autoblog.com/2020/07/22/tesla-reports-profit-fourth-straight-quarter/


Musk on a conference call on Wednesday said Tesla would prioritize growth over profit going forward and focus on making its vehicles more affordable.

"The thing that bugs me most right now is that our cars are not affordable enough, we need to fix that," Musk said on the call. "I think we just want to be like slightly profitable and maximize growth and make the cars as affordable as possible."


Now, will they be profitable for the FY?
 
GRA said:
Now, will they be profitable for the FY?

This is a great thread. Go back a few years and the statement was "Tesla will never be profitable." When they had their first profitable quarter, it was "when will they have another?" Who knows when they'll be profitable for a FY, this or any other. But they continue to make amazing progress.

This thread is full of great wisdom, like this post to an article claiming
VW Claims By 2020, Its Electric Cars Will Match Tesla At Half Price
 
GRA said:
Beats me. The difference is most of them, with obvious exceptions, have been annually profitable for decades. Tesla has yet to manage that, but at last they're getting closer.
Elon's quote which you posted above, flat out says not to expect significant profits for the foreseeable future. With over $8 billion in the bank, I would not be surprised to see negative quarters or even negative years going forward, until they stop investing capital into factories, service centers and Superchargers.

Amazon ran this way for decades and used it to create a dominant market position.

Tesla is doing the same thing.

Once a company starts accruing large profits, it gets lazy, and will lose it's edge and rate of growth.
 
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