So responding to a question with a better (and frankly excellent) question is defensive? Projection, much?

Allow me to paraphrase...

"So while what you're saying is entirely accurate and supported by forward-looking statements from a publicy-traded SEC registrant that gets in trouble for making things up, I don't want to admit I didn't really think this through properly in my haste to have a wise-*** pop at Tesla, so I'll double down and invent a hypothetical scenario to help me wriggle out of it and see if anyone notices"

Morgan Freeman narrating: "They did notice"

 

lex2k came back as swajames.

let's see what happens in q4

 

Now that's below the belt!!!

I don't care much at all for the Edgelord in Chief, but I do like the vehicles and I do like the business.

 

i had to google that, haha

tesla is amazing, but not perfect, and not for everyone. and yes, i'm a shareholder too!

 

The numbers that matter:
Tesla has more EV market share than all the other companies combined. "Wait till the big boys get in." Still waiting...
Tesla is the only company that makes a profit on EVs; for example Ford loses billions. BMW might be an exception, not sure. GM saw its Q3 quarterly profit reduced by about $1.5 billion because of higher costs and the impact of selling more EVs.
Ford is the only company to break out EV financials from ICE. I guess the other companies have something to hide?

Tesla's margins are the envy of the car industry.

The chart Bitkahuna posted shows the leverage of mfg efficiency and resulting margins. The big boys are chasing the leader and are struggling (failing?) to compete. How long can their ICE business prop up their costly EV endeavors?
If the EV market continues to grow, legacy car companies will struggle to revise factories located globally. Factories that are very inefficient in comparison and often operate somewhat independently. For example, the mighty Toyota is starting to incorporate the Giga Press functionality; others are likely to follow.

 

i think you're only referring to the u.s.?

 

Good point and good question.
Honestly, I don't have the specific numbers; as they often include hybrids which of course is different from proper EVs. BYD sells a lot of cars in China, which is the biggest car market in the world.

 

The United States is the second largest market with 9.22 Million cars, EV sales as of November surpassed 1.3 Million sold

https://fortune.com/2023/11/23/us-el...s-2023-record/

 

9.22 million? i thought the u.s. car sales market size was about 15-20 million?

 

Yes, you are correct, it's 15.5 million as of October. Sorry, I was off a bit

It fell from 15.6 million from October 2022

 

Yep as expected they are trickling "new" features/materials in to maintain/keep winning the market. Ambient light is already coming. What's next? Kick sensor? BSM? RCTA? Exit handles? Direct Connect/WiFi Audio? HUD? Or leather?

 

I just watched the Andrew Sorkin interview of Elon Musk...all I can say is Elon shouldn't be allowed to speak publicly, nor should he be allowed to post. That's all I'm going to say on the subject

 

watching now... for anyone else... here's the video:

 

I'm still cringing from watching. People can make their own judgements of course

 

didn't make me cringe at all. i am in awe of his honesty. he didn't have to do that and of course will take a ton of crap for doing so.

those who don't like him or his style (or cringe) remind me of jack nicholson's classic line from "a few good men"

i love the amount of irony and humor he finds in things.