Tesla Milestone: 5 Millionth Car Manufactured

[UncleDave]

It also doesn't change the fact that I took a job that I could walk in off of the street and make $19 an hour 20 years ago. The schooling I did wasn't required for that job. I did it for the previous job, though it did help me get the job for sure.

What it tells me is exactly what we've all known. Inflation sucks and pay isn't increasing remotely enough to cover it. The only answers are to either find a way to kill inflation(won't happen) or increase pay. This argument that a lifelong career should be just enough to pay the power bill and some food is no way to live. It's absolutely insane to think that once you get a certain level of career there are compensation packages worth 10 times what the next level of underlings make and the gap has increased for years while the average worker's pay hasn't changed much until recently when there was a shortage of people in the job market. It's sickening.

We're aligned on inflation being a killer.
Health care is the next killer, it's costing me about 12K per person and I have just under 200 people.
There is enormous disparity in C suite/ executive pay and it's ridiculous what the multiples can get to and absolutely not worth it.

 

[Cujet]

 

[alarmguy]

This is exactly why Tesla investors need to be wary. Stock currently down to a P/E of 70 times earnings is still about 8 to 10 times what many of those other cars companies stock sell at. Now look forward a few years when in addition to selling ICE vehicles that they start selling EVs in the USA>
Tesla has been in this product line for over a decade and now everyone else will be too.
It reminds me of blue jeans in the 60's and 70s. Someone would create a new company and come out with a new style and in a matter of a year, all the legacy jean makers would have the style. Those new companies faded away as fast as they came.
Tesla will never go away but I suspect someday it will sell at 15 times earnings instead of 75 or they will come up with a product that the whole world currently does not make.

VERY IMPORTANT to those who do not know. The chart posted is USA EV vehicles sales. I do not know why on earth that is left off because it is VERY misleading.
GM alone sold almost 690,000 cars in the USA for the first half of 2023. Double that of Tesla, why that is missing from the total I do not know. Now what does one think will happen once GM rolls out its EV line?
Tesla is already losing market share and that will accelerate.


"GM led all automakers in second-quarter sales with almost 690,000, a 19% increase over a year ago"

Source =

https://www.marketwatch.com/story/s...arly-17-higher-in-first-half-of-2023-2bf7b685​

 

[DwightFrye]

The Tesla investors that need to be wary are those who bought in when it was down below $180 and those who own a substantial percentage of their portfolio in TSLA stock. And day traders and people who short TSLA.

Those of us who own TLSA below $50 and are in for the semi-long haul, say the next 3-7 years are used to the volatility and myopic analysis and predictions regarding future value by those who insist on evalluating Tesla as a corporation with conventional methods aren't worried. And most of us are probably diversified in our investments and retirement planning,

Since you asked what does one think will happen once GM rolls out its EV line, based on GM's history over the last 50 years, I think they will be manufacturing mediocre EV's that are far from state of the art, barely making a profit on each one and selling them only to people who are brand loyal and detest Tesla and Elon Musk and will cut off their nose to spite their face and buy a GM EV rather than a better product.

Will other makers capture market share from Tesla ? Sure. Will they produce truly competitive models ? Maybe.
Will they be making enough profit to sustain that EV line ? Some will, some won't. And the ones that won't will bleed investors money for a long time before they throw in the towel.
Will losing some market share to other makers cause much harm to Tesla as a corporation ? Not if their other business units are performing anywhere near their projections. Being the largest seller of EV's in the world is not the most important thing to the success of Tesla and if they continue to make more than a 20% margin on their cars, they can afford to lose some market share for a very, very long time.

 

[E365]

I’ve seen a lot of suggestion in here that Tesla’s margins are unmatched. I don’t believe that’s true anymore. According to data compiled by Autoline, Tesla’s price cuts early in 2023 had a rather major hit on margins. This doesn’t include recent cuts in prices to the X, S and FSD.

These numbers were for the first half of 2023.

 

[demarpaint]

The Tesla investors that need to be wary are those who bought in when it was down below $180 and those who own a substantial percentage of their portfolio in TSLA stock. And day traders and people who short TSLA.

Those of us who own TLSA below $50 and are in for the semi-long haul, say the next 3-7 years are used to the volatility and myopic analysis and predictions regarding future value by those who insist on evalluating Tesla as a corporation with conventional methods aren't worried. And most of us are probably diversified in our investments and retirement planning,

Since you asked what does one think will happen once GM rolls out its EV line, based on GM's history over the last 50 years, I think they will be manufacturing mediocre EV's that are far from state of the art, barely making a profit on each one and selling them only to people who are brand loyal and detest Tesla and Elon Musk and will cut off their nose to spite their face and buy a GM EV rather than a better product.

Will other makers capture market share from Tesla ? Sure. Will they produce truly competitive models ? Maybe.
Will they be making enough profit to sustain that EV line ? Some will, some won't. And the ones that won't will bleed investors money for a long time before they throw in the towel.
Will losing some market share to other makers cause much harm to Tesla as a corporation ? Not if their other business units are performing anywhere near their projections. Being the largest seller of EV's in the world is not the most important thing to the success of Tesla and if they continue to make more than a 20% margin on their cars, they can afford to lose some market share for a very, very long time.

That can be said for a lot of investments, several come to mind, NVDA being my favorite, but I'll use AMD. I remember when AMD was considered a joke compared to INTC, and now they're eating their lunch. INTC could bounce back, and AMD could go belly up. Bottom line, things can change, good or bad, and sometimes in a very short period of time.