Direct sales of EVs

alarmguy said:
You're mis-informed.
You need to look at their financial statements. Not worth my time.

Here is a quote =
View attachment 180900
Here is the source =
https://www.forbes.com/sites/qai/20...oes-tesla-make-money-in-2022/?sh=34e26f1232c7

View attachment 180902
Here is the source=
https://www.macrotrends.net/stocks/charts/TSLA/tesla/net-income
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So you are proving me right!
As I said, tesla made a NET profit (after all things factored in) of 12.587 BILLION and GM only 9.7 Billion.
LoL learn to argue. Your own numbers proved me right.
 
JeffKeryk said:
Also from Macrotrends

Tesla annual net income for 2022 was $12.583B, a 127.79% increase from 2021.
Tesla annual net income for 2021 was $5.524B, a 700.58% increase from 2020.
Tesla annual net income for 2020 was $0.69B, a 180.05% decline from 2019.

GM is a far bigger company with many products, as is Ford, Stellantis, etc. Trucks are their main business; not surprising. As @alarmguy points out, Tesla is a recent start up and lost money every year until recently. That's what start ups do. They are no longer in start up mode; they are in rapid growth with new products and factories.
From a Gross Margin standpoint, Tesla is the envy of every major car company. This allows for incredible leverage; they can and do squeeze their competition via price cuts while remaining highly profitable. Tesla is the only company that makes a profit on EVs.
If you look at GM's EV business, they operate a large loss; they've lost a ton on their Bolt even though sales are strong. Their plan is to deliver single-digit profits off its EV portfolio by 2025. Their EV unit is in start up mode and is bouyed by their legacy expertise and ICE revenue.

Referring to FY 2020 thru 2022; Tesla's growth percentage potential is pretty steep as compared to other car companies. Can they sustain it? Probably not at this level, but time will tell.
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Exactly my point. GM fan boys can cry all day that tesla in 19 years started making more profits (net) per year than GM can in 2 years combined! 2023 Profits will be another 50% or more HIGHER than 2022, and so on. If they manage to ship over a million vehicles, they will be so flush with cash they can easily throw it into any R&D they would like. Not only that, Tesla makes money off SOFTWARE SUBSCRIPTIONS which is PURE profit. Something GM wishes they did. Every tesla NOT sold with FSD, or Advanced Auto Pilot, or Wifi, can easily be upgraded later for easy MONEY.

I hate Tesla's just as much as the next guy but as an investor I CANNOT avoid the numbers and have held Tesla stock since 2016. I will enjoy my profits. What has GM done in 20 years? Stayed stagnant?
 
MSCH said:
you are exactly right... Mopar and Ford both have the largest portion of police sales, but when it comes to just about anything else guvmint buys on low bid, if it is truly a competitive bidding process not fudged to one particular favorite, you see all of the brands in guvmint service.

Having been on the inside and close enough to the low but competitive bidding process, there are ways to get exactly what you want if you know what to spec... say GM offers a 320 hp V8 with a 8 speed auto but you don't want a GM , you spec that you want a minimum of 350 hp turbocharged 6 cylinder gasoline with a ten speed auto.. that stuff goes on all the time.
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What V8? - the L84 makes 355/383 and mates with a 10 speed
 
SeaJay said:
The most important question: Do they want to directly sell the EVs, complying with all of the various rules, regulations, taxes and contract terms that vary by state along with the issue of logistics to deliver said vehicles to the owners and arranging for vehicle prep to be properly completed as well as any in transit damages.

Lastly, can they do it cheaper and as well as the dealers can who have the necessary experience to handle all of that stuff.
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Maybe not - our GM dealership carried the entire GM line until they indicated Cadillac was going heavy on EV … Dropped that product line - just not a good fit here … They currently don’t push EV’s and sell mostly LT’s and SUV’s …
 
4WD said:
Maybe not - our GM dealership carried the entire GM line until they indicated Cadillac was going heavy on EV … Dropped that product line - just not a good fit here … They currently don’t push EV’s and sell mostly LT’s and SUV’s …
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Are they turning away people or advising them to sell it themself if they're looking to trade in an EV? My friends in the business are still telling customers to sell them on their own. They don't want to tie up the money and space on their lots for EV trade ins.
 
demarpaint said:
Are they turning away people or advising them to sell it themself if they're looking to trade in an EV? My friends in the business are still telling customers to sell them on their own. They don't want to tie up the money and space on their lots for EV trade ins.
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have to assume - they have not listed EV’s on the used lot
 
Burt said:
I think you mean millions not billions . They’re not making 9 trillion dollars per year..
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Yeah it is true, but you can bet some would have thought that first figure was 9,708,000 instead of 9,708,000,000
I saw the trouble at the 330 ... but I think most haven't and wanted anyone reading this on the fly to understand the space of the "9" was billion and not million.
Yeah, I know incorrect but Im sure the point was made where it needed too. ;)
 
demarpaint said:
No, and they don't want them yet. That could change down the road but as it stands now they don't want them.
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I'm sure if the market wants it that would change it. I wouldn't want to give up business, but at the same time I wouldn't want to give up real estate if they don't sell in the area.
 
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demarpaint said:
No, and they don't want them yet. That could change down the road but as it stands now they don't want them.
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Same here where so many vehicles go to farms, ranches, oilfield, or construction - then there are the outdoor types - DIY’s and soccer moms - they still want capacity in many ways - need to get in a full day here - or miles away where Friday night lights are playing 🏈
 
I thought ford was trying to do direct with their Model E division.

Also supposed to be going to a "Agency" model in Europe.... if not already.
 
4WD said:
Same here where so many vehicles go to farms, ranches, oilfield, or construction - then there are the outdoor types - DIY’s and soccer moms - they still want capacity in many ways - need to get in a full day here - or miles away where Friday night lights are playing 🏈
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EVs require a shift in thinking in regards to fueling. I have friends that live with "real" EVs not like me and my 3/4 EV (Volt).

You start every day with a full "gas tank". But if you go on a road trip or stray more than 100-150 miles or so from home you will have to do some planning. Otherwise you never have to "get gas".
 
dogememe said:
EVs require a shift in thinking in regards to fueling. I have friends that live with "real" EVs not like me and my 3/4 EV (Volt).

You start every day with a full "gas tank". But if you go on a road trip or stray more than 100-150 miles or so from home you will have to do some planning. Otherwise you never have to "get gas".
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And that’s just single vehicle thinking - we swap vehicles in the family - son wants my Rubicon for the beach - I want her Tahoe for 7 hour round trip - things like that. First and last question is always how much gas is in it ?
 
4WD said:
And that’s just single vehicle thinking - we swap vehicles in the family - son wants my Rubicon for the beach - I want her Tahoe for 7 hour round trip - things like that. First and last question is always how much gas is in it ?
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Most people around here seem to have an ICE car and an EV. My friend with a Bolt has an Expedition he uses to tow trailers, haul stuff, drive cross-country, but it sits 90% of the time and his Bolt is his daily driver. He drives A LOT! He has solar, so he saves oodles of money on gas, plus as he lives in the East Bay, the carpool lane access has lots of value.
 
dogememe said:
Most people around here seem to have an ICE car and an EV. My friend with a Bolt has an Expedition he uses to tow trailers, haul stuff, drive cross-country, but it sits 90% of the time and his Bolt is his daily driver. He drives A LOT! He has solar, so he saves oodles of money on gas, plus as he lives in the East Bay, the carpool lane access has lots of value.
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Thats been noted for a while - we know there are many folks who only own an ICEV - but wonder how many are EV only …
 
dogememe said:
Most people around here seem to have an ICE car and an EV. My friend with a Bolt has an Expedition he uses to tow trailers, haul stuff, drive cross-country, but it sits 90% of the time and his Bolt is his daily driver. He drives A LOT! He has solar, so he saves oodles of money on gas, plus as he lives in the East Bay, the carpool lane access has lots of value.
Click to expand...

About a decade ago radio and show personality Adam Corolla took his first drive in a model S one of the comments he made was gold.

"If you have one of these and an F350 you're set."
 
4WD said:
Thats been noted for a while - we know there are many folks who only own an ICEV - but wonder how many are EV only …
Click to expand...

I would have gone with a Bolt instead of the Volt if I had been able to charge at home when I bought my car. Now that I moved and can charge at home I regret not just getting a Bolt anyway. I'd be totally fine with an EV only, even though at home I can only do Level 1 (120V) charging that's fine!
 
4WD said:
He’s a goofy kind of funny 😜
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I've run hot and cold on the guy from the first hour on air for different reasons than most.
He was really funny from the get go, it was clear he was "taking out" our local beloved personality and that made more than a few of us a bit bummed.

Unlike Stearn who I disliked from his very first show I heard him on and never changed my opinion.
 
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