Musk is a cunt and Tesla are shit

Speaking to a friend of mine who works in automotive-adjacent areas, and he was saying that the new teslatruck will save them a lot of money & time by not being painted. Auto industry isn't really that interested in dealing with Tesla as it's production runs are so small, so it's hard for Tesla to buy all this gubbins that goes inside cars, like plastics and stuff. So the fact that some analyst who seems to be a big Musk stan said "Tesla is going to do good... later" is frankly not believable.

Especially on the AI taxi thing. That's a huge load of bullshit.

Tesla last week reported a $105m profit for the fourth quarter and said it expected to increase sales by more than a third this year. The Silicon Valley carmaker said it expected the first deliveries of its next car, the Model Y sports utility vehicle, before April. The company had previously targeted production to begin by the summer.

But yeah. I agree with you.

This is interesting:

According to data analysts S3 Partners, 18% of Tesla’s shares are controlled by short-sellers – more than any other US stock.

No doubt those short sellers are doing all they can to get somebody to encourage him to say or do something really stupid.

https://m.soundcloud.com/user-209448905/dont-doubt-ur-vibe

Still shit

I don't know a huge amount about Tesla, but in the article it mentions that Tesla's have ~50% greater range than their competitors, which is a huge advantage when range is probably the key consideration when buying an electric car.

https://wolfstreet.com/2020/02/04/im-in-awe-of-how-tesla-is-now-a-supernatural-phenomenon/

Always a good read on Tesla.

"Huge advantage" meaning nothing relative to its niche position, with its market share and income inching upwards and its losses being so big.

range is probably the key consideration when buying an electric car.

Maybe right now, when you have uneducated consumers who don't realised they almost never do 200km in one go and lack widespread infrastructure.

IMO the real factor will be price. Something VAG should be able to dick all over them with. Although given how much capital Tesla has been capable of raising they could potentially out loss-lead VAG.

Something to think about from that article:

Tesla is now the world’s second most valuable car company behind Japan’s Toyota, which has a market capitalisation of $227bn. Tesla’s huge valuation is despite it selling just 367,200 cars last year, compared with Toyota’s 10.7m sales.

Its whether they can maintain the technological lead they have....share price over the last 2 months has been remarkable.
Sustainable?

VAG should be able to dick all over them

Fnar

As soon as Toyota/Nissan/VW etc bother to compete Tesla will disappear. The main thing going for it atm is that techbros all want to jizz on Musk's face while listening to his cack electro.

Just reading that Tesla has a 77% market share in EV's in the US.
If you assume there will be a ban on new petrol and diesel cars in the next ~20 years, maybe the predictions aren't that far off?

Selling well in Europe too..anyone been Oslo recently?
Whether they will continue to lead in design and technology is the big question..I not seeing any sign of the old hands catching up in hurry.

I used to work for a company that had a similar percentage share of the emerging smartphone market. Five years later the company was gone and its market share was tiny.

Tesla’s challenge is that it needs to scale now, before its rivals catch up. Which some of them will.

Whether they will continue to lead in design and technology

Its arguable whether they have much of a technology lead. They buy in a huge amount of the parts they use, even the batteries.

That said, there is a growing recognition that the key to winning the electric car market battle isn't in the car technology, its in your charging infrastructure. Something Tesla haven't failed to realise themselves.

As an aside. BP and several other oi and gas companies are snapping up electric car charging technology companies at a rate of knots.

77% market share in EV's in the US.

You'd want to be careful of extrapolating too much from something that's only 2% of the overall market.

I'd echo Stonehedge's point about infrastructure. Once every petrol station has fast charge points capable of filling in 5 mins demand will leap forward.

I don't know a huge amount about Tesla, but in the article it mentions that Tesla's have ~50% greater range than their competitors, which is a huge advantage when range is probably the key consideration when buying an electric car.

For the US yes, for the UK less so. A range of "only" 250 miles might be a bit of a PITA for road warriors but it'll be fine for 99.99% of driving in the UK.

The biggest problem in the UK is availability of charging points for people parking on the street, but councils are slowly dealing with this. My local council is putting charging points in lampposts. If they did that near us then that would be on less reason not to get a EV (although the biggest reason is that we don't really need a car, and I won't replace our current ICE car if it failed its MOT or got stolen, etc).

Also, until no UK electricity is generated by fossil fuels then any increase in demand on the UK national grid is serviced by an increase in burning fossil fuels.

Tesla is a "death or glory" stock.

Either they end up dominating the EV market all round the world, and justify their crazy stock price, or (more likely IMO), they crash and burn once the big boys get seriously involved in EVs.

People look at Apple, Microsoft etc and want to find a stock that has similar growth potential. Having a clown / genius (delete as appropriate) like Musk at the top of it makes these largely unjustified comparisons seem more reasonable.

Also, until no UK electricity is generated by fossil fuels then any increase in demand on the UK national grid is serviced by an increase in burning fossil fuels.

But the problem of reducing the fossil fuel burden (and dealing with the existing pollution generated) is decoupled from car design, as also is the case with hydrogen powered cars. Petrol engines, on the other hand, are tightly coupled to the nature of the fossil fuel they burn.

The downside with electric cars is the highly toxic nature of the batteries.

The downside with electric cars is they’re still cars, with all the issues ‘car’ brings. Tesla er al simply defer / kick that dependency can down the road.

Exactly. But Musk cares soooo much about the world and the environment. That's why a company making fast large luxury electric cars was the only way forward.

Loads of them in HK when I was there in October. Literally every 4th or 5th vehicle was a Tesla, lots of roadsters. Apparently there is some government backed scheme for EVs.

Musk is still a wazzock though.

Musk is still a warlock

According to Grimes, he's actually a lot like Bernie Sanders

#golfclubpotential

Ordered a new model 3 as a compnay car (i have a team in wales who i need to visit fairly regualarly) tesla/daimler fleet managment company seem to have done a really fantastic job...

after getting a call to say it was ready i went to pick mine up last week and it was a bit redder than the white one i ordered, no problem, 2 hours of calls to everyone and it turns out it was one for a colleague, sightly annoying but these things happen. picked car up and delivered to him.

Then on Thursday i get two messages saying my car is being delivered to my address and then another one to another address asking me to confirm delivery on Monday, another hour of chasing round the houses and confirm both deliveries.

Turns out one is mine and the other is another colleagues.

get another call today saying mine is scheduled for Wednesday, so need to work from home another day this week to wait for its delivery.

so GDPR fail, basic customer service fail, and a waste of my time.