Travel to Mexico out of the resorts and tell me how an $50k electric car would be successful. They barely have any F150 (lobo) newer than 2003.
Ford ramps Mach E in Mexico and lowers prices
- Thread starter JeffKeryk
- Start date
Interesting point. It is possible that a $25K Tesla Model 2 SUV could open up a LATAM market. Who knows?
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I'm not sure what this has to do with sales of electric cars in Mexico. The car just happens to be built in Mexico, which is where production is increasing.
Don't leave the Buick GSX out, even more brutal.The big cars, Grand Prix and Bonneville were gorgeous. But GTOs were baaaaaaad....
https://www.hemmings.com/stories/article/street-bomb-1970-buick-gsx
I'm older than you so that's too new for me. A bodies up to 1967. Corvettes up to 69. Not much interest after that.
If I were doing another car, which I am not, maybe a 67 Nova with LS drivetrain and fancy suspension...
Interesting, I thought they were automobiles.
Just because Tesla only sells one product why must automakers feel compelled to report on which car they sell with any particular engine. Arent they all just cars?
With due respect Jeff (and I mean that)
You of all people making this comment. You are the biggest promoter of Tesla in this forum and you knock auto companies for not reporting like you wish them too.
Yet, your own Tesla Corporation hides and does not report USA sales figures. Please explain, does that not upset you too?
Yet you say "others bury" their sales figures is a lie. They report their sales figures world wide including the USA where Tesla does not, companies have to guess and estimate Tesla USA sales figures because Tesla does not report them.
I am 65, you?
Turned 70 in March. I like learning from you young men... You got the world by the tail!
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Yes, they are automobiles. In business, we consider Business Units, or major groupings of products. Sometimes a BU can operate like its own discrete company. Typically there has to be a big enough difference in form, functionionality, market, etc. to break out that product line into its own group, or BU. Why? So we can measure it, plan it and compare it against plans, objectives, etc. Say the world is a business. There are 7B people in the world. Is Mexico different than Russia? Is Indonesia different than US? From a whole, no. But if you want to measure, say population, you need to identify meaningful groupings. A small country may have a deadly pandemic, but from the world perspective it is nothing. Groupings allow us to glean critical insight.
Ford is expected to lose $3B this year from its "Model e" EV BU. Is this bad? No; they are in start up mode with respective start up costs. Their "Blue", or ICE BU is profitable. If you mix the 2, you get the Ford financials but lose visibility at the BU level. That skews the Business Unit numbers amd makes meaningful analysis impossible. I salute Ford for their transparancy. No only that, but as an investor, I wonder why other companies do not. You can bet they have the numbers.
I don't know why Tesla does not break out financials by region. Estimates are available from analysts like Statista. Maybe I'll do a little research. In the past, when there was only the Fremont plant, they built cars in batches by specific regions and order numbers. Not only are there major differences like left a and right hand drive, the delivery costs needed to be managed.
My career was in Silicon Valley corporate forecast and financial analysis. Consider a profit line chart for a company. Say it is 2 years, broke out into quarters. There is the total quarterly number; it will often reflect a seasonal result. Now break that out into BUs. You will have your cash cows, which churn out the dollars. A new (or struggling) BU will have ups and downs. It is also pulling down the entire corporate line. You can drill down on the down numbers and focus on what it takes to improve them. That is analysis.
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