What still irritates me is that according to Business Insider if it wasn't for the carbon offset credits Tesla would have lost money this quarter on vehicle sales.
2025 so far EV sales up 28%
- Thread starter UncleDave
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Oh, without question, I’m sure they would have lost money.
I post this time and again not for you but for any newcomers. People think Tesla is a profitable company when in reality they only turned a profit in two or three years out of their 15+ year history. That is pretty pathetic and it only started around 2021 or 2022 and it was exactly because of carbon credits for the first profitable year in China for the second profitable year.
Now here we have the CEO, who was looking to maintain a 50% growth rate and they haven’t come close to that in years and are now actually going backwards. Margins are in the toilet for what they used to be and grow rate doesn’t exist anymore.
I’m never saying never but they certainly haven’t performed very well in the last three years, the stock truly is a trading stock and I look at bitcoin as far more stable
You can get the numbers by registration, at least in the US. And by factory region, as well.
Well, Tesla is where Musk's money is. And his Mea Culpa talk gave TSLA a jump. Tesla makes the best EVs and is the most innovative car company.
Tesla has been close to demise since before I bought our 2018 Mid Range; that hasn't changed. Yet they are still, by far, the most valuable car company in the world.
The future? Time will tell.
It's easy to grow by percentage when your sales are small.
The more new EVs they sell, the more the prices will crash on them as used inventory grows. Nobody wants to buy a used EV, knowing that ultra expensive battery changes and repairs may lie ahead. So they sit on lots. And if used ones sit on lots it affects sales of new ones. So, this is a self-limiting problem. Within 24 months I predict that EV production will significantly slow for the U.S. market.
Correct. GM is also still hiding profit margin by blending their books.
GM is moving lots of product using back end loaded lease deals that make it easy to get into the car, but kick the can down road just so they can get them off lots.
That said as a consumer I appreciate choices, and at least now we have them.
I still haven't seen a hot weather ultium test.
I'm still enjoying my new Tesla.
edyvw
$50 site donor 2025
Hmmm, I remember when that was not the case with Tesla.
Do you have the 2025 Model Y? Do you have to be in the waiting list to order?
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Yes, through investigativework Tesla does not publish them. The only American car manufacturer that does not.
Exactly, if you remember, I used to say that many years back about Tesla when everyone was praising them. It’s easy to sell a product and show significant gains when there is no other product on the market.
The key here is Tesla is losing significant market share and profit margins as I said would always happen once GM gets ramped up.
So it was easy for Tesla to post big growth when they came out with a car with a different type of propulsion system. Now everybody else makes that system, and unlike Tesla they have the advantage of having gasoline.
I have nothing against Tesla just numbers
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It's always true; it's called arithmetic.
And Tesla's Q1 drop has less to do with the competition or its products than you-know-what.
Kudos to GM and the other car companies for their growth.
While they have come a long way, GM has yet to realize a profit on their EV business unit.
I have confidence they will get there one day.
I think the Tesla thing had to do with the consensus that Tesla would be belly up any day. They surprised the world, and the company's value reflects that. Of course many believe they are doomed still.
Does any other car company make a profit on their EVs? I believe BMW? Not sure...
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I’m definitely not letting any negativity change my enjoyment of the car. It’s still the same car I bought regardless of sales numbers and public sentiment and that includes me buying pre-dating all of the current activities and attention.
I flat out love our M3P; 100% satisfied. I would buy another tomorrow. On the other hand, I find the Model Y Juniper kinda ugly having seen a number of them on the road. Wifey will keep her Lex RX...
edyvw
$50 site donor 2025
Well, some time ago it wasn’t true.
Investors want to see profits and GM is delivering.
As spectators, we want to see breakdowns of specific model cars, they can do what they want with that but the bottom line is the bottom line
One thing for sure that I’m willing to bet is they will be showing a profit about 10 to 12 years ahead of what it took Tesla to break even on their electric vehicles. GMs CEO is a pretty standup lady and she was predicting as soon as 2025.
At the same time, its profits are hands over feet higher than Tesla for the last decade. So until proven.otherwise we have to give GM the benefit of the doubt. Where Tesla for unknown reasons hides their USA sales data and has not lived up to their statements on growth and profitability. Not even close.
Just playing devils advocate
Oh, they’ll definitely become profitable on their electric vehicles in a much faster time period than Tesla did.
After all, they are already profitable on the electric vehicles they turn out, but not yet on the investment of the electric vehicle. Still light years ahead of what Tesla did.
https://www.caranddriver.com/news/a63608612/gm-stops-losing-money-on-evs/
But to an investor, who cares? GM is cranking out higher profits than Tesla can dream of for the last decade.
After all GM manufactures automobiles. I don’t think right now anybody knows what direction Tesla is going in.
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edyvw
$50 site donor 2025
GM appeal in the latest survey is +28%. Tesla is -24%.Investors want to see profits and GM is delivering.
As spectators, we want to see breakdowns of specific model cars, they can do what they want with that but the bottom line is the bottom line
One thing for sure that I’m willing to bet is they will be showing a profit about 10 to 12 years ahead of what it took Tesla to break even on their electric vehicles. GMs CEO is a pretty standup lady and she was predicting as soon as 2025.
At the same time, its profits are hands over feet higher than Tesla for the last decade. So until proven.otherwise we have to give GM the benefit of the doubt. Where Tesla for unknown reasons hides their USA sales data and has not lived up to their statements on growth and profitability. Not even close.
Just playing devils advocate
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