Tesla Q2 Deliveries crushes estimates

[JeffKeryk]

@macarose there are a couple points that you might consider from your post #75. First, as @Trav alluded to, a car amnufactured in Mexico may not qualify for a tax credit.

Second, today's small cars, primarily the Corolla, are a high volume low margin product; Toyota does not make a lot of profit on them. They are far behind other cars in revenue and profit. The "Model 2", or whatever they call it, will be in a modern factory that is more efficient than legacy car factories. And Teslas are not cost burdoned by the dealership distribution model. The Model 2 will be high volume and relatively high margin.

Finally, Monterrey is one of the more educated and prosperous areas of Mexico. Quality available workforce. The Monterrey plant will make cars the locals can afford. The plant is also within proximity to the Austin plant enabling a synergy. They will sell a bazillion of them. And make money doing it...

 

[JeffKeryk]

I pay .37 kWh.
This Mexican made car is just a way to get mostly chicom content in the car to sell it for less.

The Tesla is not even close to a luxury car, it is a poorly built mediocre quality car at best.

Tell that to BMW, MBZ and Lexus as Tesla is taking their customers.
Again, numbers speak louder than opinion.

 

[Trav]

That is coming to an end, people who bought the model S know they have been played for and are getting out of them, I know one guy whose car I drove and was not impressed with anything except for its acceleration. He unloaded it for an ICE in a better quality car.
Plastic seats and cheap nylon carpet with no instrumentation is hardly luxury and people are catching on.
The Tesla is priced like a luxury car but that is where the luxury ends.

You don't you address Tesla's chicom dealing? Why does he want investment from China for this Mexico factory and why does he want chicom companies to build in Mexico to supply his parts? Why not USA companies? You are all about how Tesla is a great American company yet you stay away from that. This is your great American car and it is sad to see the content origin. The point is the American taxpayer should in no way whatsoever be supporting this with tax incentives.


https://www.gizchina.com/2022/02/25/tesla-cars-and-components-are-almost-entirely-made-in-china/

 

[macarose]

That is coming to an end, people who bought the model S know they have been played for and are getting out of them, I know one guy whose car I drove and was not impressed with anything except for its acceleration. He unloaded it for an ICE in a better quality car.
Plastic seats and cheap nylon carpet with no instrumentation is hardly luxury and people are catching on.
The Tesla is priced like a luxury car but that is where the luxury ends.

You don't you address Tesla's chicom dealing? Why does he want investment from China for this Mexico factory and why does he want chicom companies to build in Mexico to supply his parts? Why not USA companies? You are all about how Tesla is a great American company yet you stay away from that. This is your great American car and it is sad to see the content origin. The point is the American taxpayer should in no way whatsoever be supporting this with tax incentives.


https://www.gizchina.com/2022/02/25/tesla-cars-and-components-are-almost-entirely-made-in-china/

Your sample size of one doesn't change the 466,000 units delivered just this quarter. Or that Tesla won first and second place for the 3 & Y models in 2021 for customer sactisfaction, and second and third place in 2022 with well over 7,000 EV owners participating in the J.D. Power EV customer satisfaction survey.

 

[demarpaint]

That is coming to an end, people who bought the model S know they have been played for and are getting out of them, I know one guy whose car I drove and was not impressed with anything except for its acceleration. He unloaded it for an ICE in a better quality car.
Plastic seats and cheap nylon carpet with no instrumentation is hardly luxury and people are catching on.
The Tesla is priced like a luxury car but that is where the luxury ends.

You don't you address Tesla's chicom dealing? Why does he want investment from China for this Mexico factory and why does he want chicom companies to build in Mexico to supply his parts? Why not USA companies? You are all about how Tesla is a great American company yet you stay away from that. This is your great American car and it is sad to see the content origin. The point is the American taxpayer should in no way whatsoever be supporting this with tax incentives.


https://www.gizchina.com/2022/02/25/tesla-cars-and-components-are-almost-entirely-made-in-china/

My buddies in car sales are still not taking them on trades. The easiest way out of a trade is to lowball them, or be honest and tell them they'll do better privately.

 

[Trav]

Your sample size of one doesn't change the 466,000 units delivered just this quarter. Or that Tesla won first and second place for the 3 & Y models in 2021 for customer sactisfaction, and second and third place in 2022 with well over 7,000 EV owners participating in the J.D. Power EV customer satisfaction survey.

The Tesla cult is is getting way out of hand like this EV section of an oil forum.

https://www.forbes.com/sites/jimhen...appy-with-service-experience/?sh=51873a8165bc

 

[dogememe]

@macarose there are a couple points that you might consider from your post #75. First, as @Trav alluded to, a car amnufactured in Mexico may not qualify for a tax credit.

Second, today's small cars, primarily the Corolla, are a high volume low margin product; Toyota does not make a lot of profit on them. They are far behind other cars in revenue and profit. The "Model 2", or whatever they call it, will be in a modern factory that is more efficient than legacy car factories. And Teslas are not cost burdoned by the dealership distribution model. The Model 2 will be high volume and relatively high margin.

Finally, Monterrey is one of the more educated and prosperous areas of Mexico. Quality available workforce. The Monterrey plant will make cars the locals can afford. The plant is also within proximity to the Austin plant enabling a synergy. They will sell a bazillion of them. And make money doing it...

Volvo claims they’re going to have great margins on their EX30. How come other legacy automakers are having such a hard time with margins?

 

[UncleDave]

The Tesla cult is is getting way out of hand like this EV section of an oil forum.

https://www.forbes.com/sites/jimhen...appy-with-service-experience/?sh=51873a8165bc

Not sure what brand you would like to see leading the way here, but just like a radio no one forces any station on anyone.

A service gap seems like an opportunity for a good Indy to fill any gap.

 

[UncleDave]

That is coming to an end, people who bought the model S know they have been played for and are getting out of them, I know one guy whose car I drove and was not impressed with anything except for its acceleration. He unloaded it for an ICE in a better quality car.
Plastic seats and cheap nylon carpet with no instrumentation is hardly luxury and people are catching on.
The Tesla is priced like a luxury car but that is where the luxury ends.

You don't you address Tesla's chicom dealing? Why does he want investment from China for this Mexico factory and why does he want chicom companies to build in Mexico to supply his parts? Why not USA companies? You are all about how Tesla is a great American company yet you stay away from that. This is your great American car and it is sad to see the content origin. The point is the American taxpayer should in no way whatsoever be supporting this with tax incentives.


https://www.gizchina.com/2022/02/25/tesla-cars-and-components-are-almost-entirely-made-in-china/

They dont say where they sourced the car they took apart.
There are huge differences in sourcing based on manufacturing location.

Tesla like all other American manufacturers complies with the American Automobile labelling act and it disagrees with that website when it comes to cars bought in the US.

Sadly the AALA combined Canada with the US, but I'm usually ok with met Canadian brothers.

 

[DwightFrye]

I live in California. We have the highest gas prices in the country and they just went up another $0.05 per gallon on July 1st due to an increase in the gas tax. 91 octane in my mountain community is now $5.85 per gallon. We also have very high electricity costs.

The only thing that saves me is that I am retired and don't drive much and my home is only 4 years old and is very energy efficient so my electric bill usually runs between $80-$120 a month depending upon how much I am running the A/C or furnace. My propane bill for the furnace, oven and dryer is another story though especially in the winter months.

But if I were looking at the math, one of those Tesla Model 2's would be an ideal car for me. My home is located on a south facing ridgeline and a solar system would deliver excellent results. The break even point on a Model 2 when gas savings and electricty use is concerned would come pretty quickly. As California is already the largest US market for Tesla, my guess is that we will be seeing a heck of a lot of those $30k Teslas on the streets within a year of the first ones coming off the assembly line.

 

[Trav]

What is high electric cost per kWh?

 

[UncleDave]

 

[JeffKeryk]

That is coming to an end, people who bought the model S know they have been played for and are getting out of them, I know one guy whose car I drove and was not impressed with anything except for its acceleration. He unloaded it for an ICE in a better quality car.
Plastic seats and cheap nylon carpet with no instrumentation is hardly luxury and people are catching on.
The Tesla is priced like a luxury car but that is where the luxury ends.

You don't you address Tesla's chicom dealing? Why does he want investment from China for this Mexico factory and why does he want chicom companies to build in Mexico to supply his parts? Why not USA companies? You are all about how Tesla is a great American company yet you stay away from that. This is your great American car and it is sad to see the content origin. The point is the American taxpayer should in no way whatsoever be supporting this with tax incentives.


https://www.gizchina.com/2022/02/25/tesla-cars-and-components-are-almost-entirely-made-in-china/

That's your opinion and is not supported by any data. Tesla's customer satisfaction is higher than any mass produced vehicle and their repeat customer business is far higher than BMW, MBX, Audi and any other lux car.
Tesla deliveries continue to grow; there is no evidence they are ending.

There are owners who go back to ICE. The #1 reason is inability to charge at home; they still like the car.

Regarding China business, you know who the US' #1 trading partner is, right? Can you tell me major 1 US car company that does not do huge business with China? No, there are none.

 

[Dave_T]

I live in California. We have the highest gas prices in the country and they just went up another $0.05 per gallon on July 1st due to an increase in the gas tax. 91 octane in my mountain community is now $5.85 per gallon. We also have very high electricity costs.

The only thing that saves me is that I am retired and don't drive much and my home is only 4 years old and is very energy efficient so my electric bill usually runs between $80-$120 a month depending upon how much I am running the A/C or furnace. My propane bill for the furnace, oven and dryer is another story though especially in the winter months.

But if I were looking at the math, one of those Tesla Model 2's would be an ideal car for me. My home is located on a south facing ridgeline and a solar system would deliver excellent results. The break even point on a Model 2 when gas savings and electricty use is concerned would come pretty quickly. As California is already the largest US market for Tesla, my guess is that we will be seeing a heck of a lot of those $30k Teslas on the streets within a year of the first ones coming off the assembly line.

If they cut quite a few corners on the higher end, what kind of turd will you end up with for just $30K?!? Reads like it might be along the lines of a LEGO build, with an R/C brushless motor powered by a Chinese made lithium pack.

 

[edyvw]

Tell that to BMW, MBZ and Lexus as Tesla is taking their customers.
Again, numbers speak louder than opinion.

Sales numbers do not reflect luxury and built quality.
A lot of buyers of luxury cars buy trends, not products. They are always on the hunt for the next trendy thing.
We have friends who have Model 3, but Tesla is not in anymore; now it is Rivian. The way they talk about Rivian, I am giving them 3-4 weeks before they put Tesla in the category with Moskvich.

 

[Trav]

I looked and cannot find anywhere that claims GM, Ford or anyone else is asking China to bring factories in close proximity to their manufacturing location to produce parts for them. Musk is obviously afraid of tariffs once this administration is out and the inflation reduction act is repealed. That would spell the end to the taxpayer money and cheap parts. Tesla is more intertwined with the chicoms than possibly any other western country and he needs to be stopped, his cheap chicom parts tariffed at a high percentage to force tesla to buy possibly more expensive parts from US suppliers and taxpayer funds to subsidize buying these cars stopped.
You do not seem to grasp anything only your opinion, the company or owner are not pro American but it certainly appears they are pro CCP.

 

[JeffKeryk]

Sales numbers do not reflect luxury and built quality.
A lot of buyers of luxury cars buy trends, not products. They are always on the hunt for the next trendy thing.
We have friends who have Model 3, but Tesla is not in anymore; now it is Rivian. The way they talk about Rivian, I am giving them 3-4 weeks before they put Tesla in the category with Moskvich.

No one said that. The market considers Tesla a luxury car.
You understand that customers cross shop Tesla with luxury cars and wins their business more than not. That's what the numbers say.

 

[edyvw]

No one said that. The market considers Tesla a luxury car.
You understand that customers cross shop Tesla with luxury cars and wins their business more than not. That's what the numbers say.

Which does not mean it is a luxury. No one goes to IKEA to buy luxury stuff, but they do cross-shop with luxury furniture.

 

[JeffKeryk]

I looked and cannot find anywhere that claims GM, Ford or anyone else is asking China to bring factories in close proximity to their manufacturing location to produce parts for them. Musk is obviously afraid of tariffs once this administration is out and the inflation reduction act is repealed. That would spell the end to the taxpayer money and cheap parts. Tesla is more intertwined with the chicoms than possibly any other western country and he needs to be stopped, his cheap chicom parts tariffed at a high percentage to force tesla to buy possibly more expensive parts from US suppliers and taxpayer funds to subsidize buying these cars stopped.
You do not seem to grasp anything only your opinion, the company or owner are not pro American but it certainly appears they are pro CCP.

I post numbers; you post opinion. Here's an article on China's part content in American automotive industry.

 

[edyvw]

I post numbers; you post opinion. Here's an article on China's part content in American automotive industry.

I do not see China parts as an issue. It is happening, and the trend is moving to Mexico.
I do see, however, the issue of him delivering data in order to preserve Tesla's status in China.
If Tesla wants to be successful long term, he has to go.