Tesla Business and News Thread
Thread Starter
Lexus Champion
Joined: Oct 2019
Posts: 19,746
Likes: 3,775
From: California
I used to swear I would not sell until 2030 but for my own sanity I did.
Covering up prototypes is not the same thing. Elon has made it crystal clear Tesla does not make prototypes they don't plan on turning into mass production. For example Optimus is not like Boston Dynamics where they make a bunch of party trick robots and don't commercialize them for 25 years. Optimus is being built from the start to be produced by the millions.
I heard for years Cybertruck was a joke would never be built could not be built. Then it could never be made at scale. You get the idea. Tesla makes it very hard on themselves but eventually they deliver. Model X has insanely complex doors just for the sake of being cool, yes they are also practical but that wasn't the inspiration. Would be much easier to use normal doors.
We live in the upside down in some ways Tesla gets sharp criticism for innovating other auto makers get praise for doing the exact same thing over and over again. Again Cybertruck is a great example, why didn't Tesla make a truck that looks like every other truck. That's not how Tesla rolls and the haters can't deal with this for whatever reason. There are dozens of pickups that look basically the same, Tesla makes something completely different and people HATE them for it. It's very bizarre to me.
FSD is the ultimate test for Tesla it is the the most difficult software project ever attempted. The upside is mind bending the downside if they fail will be catastrophic. Which under scores what Elon keeps saying, if you don't believe FSD can be commercialized then don't invest this is extremely good advice. Investing in Tesla with the expectation that they are going to chase car volumes is the wrong play. I know I've said this before but it doesn't seem to sink in for some. It took me a while to accept it.
Saying Tesla is a car company is like saying SpaceX is an internet company.
Covering up prototypes is not the same thing. Elon has made it crystal clear Tesla does not make prototypes they don't plan on turning into mass production. For example Optimus is not like Boston Dynamics where they make a bunch of party trick robots and don't commercialize them for 25 years. Optimus is being built from the start to be produced by the millions.
I heard for years Cybertruck was a joke would never be built could not be built. Then it could never be made at scale. You get the idea. Tesla makes it very hard on themselves but eventually they deliver. Model X has insanely complex doors just for the sake of being cool, yes they are also practical but that wasn't the inspiration. Would be much easier to use normal doors.
We live in the upside down in some ways Tesla gets sharp criticism for innovating other auto makers get praise for doing the exact same thing over and over again. Again Cybertruck is a great example, why didn't Tesla make a truck that looks like every other truck. That's not how Tesla rolls and the haters can't deal with this for whatever reason. There are dozens of pickups that look basically the same, Tesla makes something completely different and people HATE them for it. It's very bizarre to me.
FSD is the ultimate test for Tesla it is the the most difficult software project ever attempted. The upside is mind bending the downside if they fail will be catastrophic. Which under scores what Elon keeps saying, if you don't believe FSD can be commercialized then don't invest this is extremely good advice. Investing in Tesla with the expectation that they are going to chase car volumes is the wrong play. I know I've said this before but it doesn't seem to sink in for some. It took me a while to accept it.
Saying Tesla is a car company is like saying SpaceX is an internet company.
FSD is definitely ambitious, but I believe they will achieve it. For me it's usefulness has more to do with safety than self driving, because TBH, I prefer to drive myself, but there are times it would come in handy
Lexus Fanatic
Joined: Sep 2010
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From: Alberta
FSD is definitely ambitious, but I believe they will achieve it. For me it's usefulness has more to do with safety than self driving, because TBH, I prefer to drive myself, but there are times it would come in handy
Think about the freedom it will give people that can't afford a car or are not able to drive for various reasons. Cabs and Uber are still too expensive per mile to give everyone mobility.
Thread Starter
Lexus Champion
Joined: Oct 2019
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From: California
The custom alloy panels can't be bent into organic shapes that's why it is a wedge. That is the reason. Cybertruck is the most iconic vehicle on the road right now it's not close, love it or hate it people lose their mind when they see it. It's also the best selling vehicle in America over $100,000.
I also prefer driving but the market for a robotaxi network is in the trillions. I look at FSD as software that has to account for the most variables ever it's almost incomprehensible. Tesla is trying to thread a needle in a hurricane.
Think about the freedom it will give people that can't afford a car or are not able to drive for various reasons. Cabs and Uber are still too expensive per mile to give everyone mobility.
I also prefer driving but the market for a robotaxi network is in the trillions. I look at FSD as software that has to account for the most variables ever it's almost incomprehensible. Tesla is trying to thread a needle in a hurricane.
Think about the freedom it will give people that can't afford a car or are not able to drive for various reasons. Cabs and Uber are still too expensive per mile to give everyone mobility.
Lexus Fanatic
Joined: Sep 2010
Posts: 26,053
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From: Alberta
In other words the unique styling doesn't matter anymore implication being why did Tesla bother. Anything to throw shade at Cybertruck.
Unless they are on the reservation list since forever that won't happen.
They said on the earnings call Cybertruck will be profitable by the end of the year even if you hate the truck that's good for investors.
Although my wife or kids will still point one out when we see them. I'm just waiting for one of my coworkers to show up to work in one
They said on the earnings call Cybertruck will be profitable by the end of the year even if you hate the truck that's good for investors.
Thread Starter
Lexus Champion
Joined: Oct 2019
Posts: 19,746
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From: California
In other words the unique styling doesn't matter anymore implication being why did Tesla bother. Anything to throw shade at Cybertruck.
Unless they are on the reservation list since forever that won't happen.
They said on the earnings call Cybertruck will be profitable by the end of the year even if you hate the truck that's good for investors.
Unless they are on the reservation list since forever that won't happen.
They said on the earnings call Cybertruck will be profitable by the end of the year even if you hate the truck that's good for investors.
Lexus Fanatic
Joined: Sep 2010
Posts: 26,053
Likes: 4,329
From: Alberta
That's me trying rile you up, didn't work.
If I'm not mistaken Tesla has missed earnings per share expectations 4 quarters in a row that's pretty bad. Tesla the car business has gone stale but so has the rest of the EV market. No excuse though.
If I'm not mistaken Tesla has missed earnings per share expectations 4 quarters in a row that's pretty bad. Tesla the car business has gone stale but so has the rest of the EV market. No excuse though.
Lead Lap
Joined: May 2010
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From: San Diego, CA
On a point of order, per the most recent data the Stupidest Pickup Ever Made™ is the top seller in the segment year to date. 15,645 sold through Q2 vs 11,558 Cybertrucks. In Q2, the Cybertruck edged the Lightning with roughly 8,800 in Q2 sales to 7,902 for the Lightning in Q2. Expect the Cybertruck to continue to grow, but don't rule out the Lightning just yet.
Last edited by swajames; Jul 23, 2024 at 08:16 PM.
Thread Starter
Lexus Champion
Joined: Oct 2019
Posts: 19,746
Likes: 3,775
From: California
On a point of order, per the most recent data the Stupidest Pickup Ever Made™ is the top seller in the segment year to date. 15,645 sold through Q2 vs 11,558 Cybertrucks. In Q2, the Cybertruck edged the Lightning with roughly 8,800 in Q2 sales to 7,902 for the Lightning in Q2. Expect the Cybertruck to continue to grow, but don't rule out the Lightning just yet.
Thread Starter
Lexus Champion
Joined: Oct 2019
Posts: 19,746
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From: California
It didn't work because I saw right through you 😂
Pole Position
Joined: Mar 2014
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From: fl
For those who don't follow AJ (alojoh) on X, IMO he posts some of the absolute best content analyzing TSLA earnings call data. CNBC article does a great job of presenting doom and gloom with the title "Tesla's margin getting hammered by discounts and hefty AI investing.." (source: https://www.cnbc.com/2024/07/23/tesl...-spending.html). Yet, digging into AJ's details, here are some things to consider.
- Financially, 2Q 2024 represented a material improvement across ALL metrics compared to 1Q 2024
- Global deliveries up 14.8% QoQ (quarter over quarter)
- Average vehicle selling price (ASP) decreased QoQ by 1.9%
- Cybertruck $1 billion revenue contribution at high selling price helps offset the ASP decrease from other models
- Cybertruck overtook S/X in terms of revenue contribution
- Automotive Revenue increased 12.6% QoQ
- 157% YoY and 132% QoQ growth in energy storage deployments
- Vehicle Gross Profit Decreased by $35 (yes, $35) QoQ
Does this look like a company that would be down 8% pre-market based on these results?
- Financially, 2Q 2024 represented a material improvement across ALL metrics compared to 1Q 2024
- Global deliveries up 14.8% QoQ (quarter over quarter)
- Average vehicle selling price (ASP) decreased QoQ by 1.9%
- Cybertruck $1 billion revenue contribution at high selling price helps offset the ASP decrease from other models
- Cybertruck overtook S/X in terms of revenue contribution
- Automotive Revenue increased 12.6% QoQ
- 157% YoY and 132% QoQ growth in energy storage deployments
- Vehicle Gross Profit Decreased by $35 (yes, $35) QoQ
Does this look like a company that would be down 8% pre-market based on these results?
Lead Lap
Joined: May 2010
Posts: 3,993
Likes: 1,617
From: San Diego, CA
The reason analysts look at YoY and not QoQ and why no one compares Q2 to Q1 in the same calendar year is because most car sales for most companies tend to follow the same pattern with Q1 bring the lowest, then Q2 and Q3 will fight for 2nd and 3rd place, with Q4 usually being the year’s highest, rinse and repeat.
once the shell material was chosen, the design had to follow (flat panels everywhere). the lack of paint is weird, but in other news the wrap business is up 15% (guess 
).
i believe they will too. and it will be transformative to the world. millions of people would love to be able to work, sleep, chat, scroll tik tok, whatever, rather than drive especially in traffic. fsd will increase the productivity of the world and many other intended and unintended consequences. even drunk drivers can get home safely.
innovators/pioneers always take fire. and ideas are a dime a dozen, but making things realty is enormously harder. so the fact that tesla has created mass scale ev production profitably (unlike EVERYONE ELSE except maybe hyundai), and a charging network, and energy storage, and other things to come, is amazing, plus for musk, spacex as well. i definitely don't care for the endless 'promises' of delivery that eventually happen years late, but i guess i'm used to it now.
agreed. 
is lightning profiitable for ford?
great post! will follow that user.
).
FSD is definitely ambitious, but I believe they will achieve it.
Which under scores what Elon keeps saying, if you don't believe FSD can be commercialized then don't invest this is extremely good advice. Investing in Tesla with the expectation that they are going to chase car volumes is the wrong play. I know I've said this before but it doesn't seem to sink in for some. It took me a while to accept it.
Saying Tesla is a car company is like saying SpaceX is an internet company.
Saying Tesla is a car company is like saying SpaceX is an internet company.
For those who don't follow AJ (alojoh) on X, IMO he posts some of the absolute best content analyzing TSLA earnings call data. CNBC article does a great job of presenting doom and gloom with the title "Tesla's margin getting hammered by discounts and hefty AI investing.." (source: https://www.cnbc.com/2024/07/23/tesl...-spending.html). Yet, digging into AJ's details, here are some things to consider.
- Financially, 2Q 2024 represented a material improvement across ALL metrics compared to 1Q 2024
- Global deliveries up 14.8% QoQ (quarter over quarter)
- Average vehicle selling price (ASP) decreased QoQ by 1.9%
- Cybertruck $1 billion revenue contribution at high selling price helps offset the ASP decrease from other models
- Cybertruck overtook S/X in terms of revenue contribution
- Automotive Revenue increased 12.6% QoQ
- 157% YoY and 132% QoQ growth in energy storage deployments
- Vehicle Gross Profit Decreased by $35 (yes, $35) QoQ
Does this look like a company that would be down 8% pre-market based on these results?
- Financially, 2Q 2024 represented a material improvement across ALL metrics compared to 1Q 2024
- Global deliveries up 14.8% QoQ (quarter over quarter)
- Average vehicle selling price (ASP) decreased QoQ by 1.9%
- Cybertruck $1 billion revenue contribution at high selling price helps offset the ASP decrease from other models
- Cybertruck overtook S/X in terms of revenue contribution
- Automotive Revenue increased 12.6% QoQ
- 157% YoY and 132% QoQ growth in energy storage deployments
- Vehicle Gross Profit Decreased by $35 (yes, $35) QoQ
Does this look like a company that would be down 8% pre-market based on these results?
