Well according to several outlets Tesla stated that their profits were down 45 percent over Q2 2023. Their market share is shrinking in the USA, China, and Europe. Musk now swears that the robotaxi will be revealed soon, and he's banking on 8 billion people wanting an optimus robot (sure they do). His business dealings seem to be getting shadier and shadier. Musk wants Tesla to fork over 5 Billion dollars for his XAI company. The SEC should have stepped in years ago.
Tesla Q2 has a 45 percent drop in profits
- Thread starter 97prizm
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I admire Musk and his products and given enough money I would own a Plaid. However I’m not a customer as I am retired, doing some traveling and don’t want frequent stops or to sit at charging stations. I’ve done some Tesla road trips so I am well aware of how it goes.
I am not alone in my thinking.
I am not alone in my thinking.
According to Musk and others weren't ev's supposedly going to be so cheap to make that they would overtake the ice market?
Musk has said that their economy model is expected to debut end of this year or spring 2025. However, there are EV's made in China which are really cheap but you're not allowed to have them because they're cheap.
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Many of the Chinese ev's if not all don't meet USA crash regulations. It has nothing to do with being too cheap to own. Musk axed the "Affordable " $25k model earlier this year. It will be interesting to see what they debut.
Yes, I remember some made these claims! Would have been nice.
With a tariff of 100% it has everything to do with them being too cheap. Musk did not ax the affordable model. I'm pulling this information off a WSJ article on his Q2 earnings call.
"...The Tesla chief also provided an update on the forthcoming affordable model, which he said is on track to start production in the first half of 2025. This spring, he had said that might happen as soon as late this year...."
Tesla's price instability isn't helping either. Cutting prices one week then raising them the next. Musk Also claimed that the Tesla semi would be ramping up production but very few have made it into customer hands. It doesn't help it needs a proprietary charger to charge
Elon opens his mouth and lies come out. He is not worth quoting.
Elon Musk's predictions for autonomous Tesla vehicles
| Date | Prediction | Quote | Met | Ref(s). |
|---|---|---|---|---|
| Sep 2013 | 2016 | "We should be able to do 90 percent of miles driven [autonomously] within three years." |
| [90] |
| Oct 2014 | 2015 | "A Tesla car next year will probably be 90-percent capable of autopilot. Like, so 90 percent of your miles can be on auto. For sure highway travel." | AP/HW1 released Oct 2015 for highways[91] | [92][93] |
| Oct 2015 | 2018 | "From a technology standpoint, Tesla will have a car that can do full autonomy in about three years, maybe a bit sooner." |
| [94] |
| Dec 2015 | 2018 | "We're going to end up with complete autonomy, and I think we will have complete autonomy in approximately two years." |
| [95] |
| Jan 2016 | 2018 | "Ultimately you'll be able to summon your car anywhere … your car can get to you. I think that within two years, you'll be able to summon your car from across the country. It will meet you wherever your phone is … and it will just automatically charge itself along the entire journey." |
| [96] |
| Jun 2016 | 2019 | "I consider autonomous driving to be a basically solved problem. ... We're less than two years away from complete autonomy. Regulators however will take at least another year; they'll want to see billions of miles of data." |
| [97] |
| Oct 2016 | Dec 2017 | "Our goal is, and I feel pretty good about this goal, that we'll be able to do a demonstration drive of full autonomy all the way from LA to New York, from home in LA to let's say dropping you off in Times Square in New York, and then having the car go park itself, by the end of next year. Without the need for a single touch, including the charger." |
| [98][99][100] |
| Apr 2017 | Dec 2017 | "November or December of this year, we should be able to go from a parking lot in California to a parking lot in New York, no controls touched at any point during the entire journey." |
| [101] |
| May 2017 | 2019 | "I think [a driver will be able to sleep at the wheel in] about two years. So the real trick of it is not how do you make it work say 99.9 percent of the time, because, like, if a car crashes one in a thousand times, then you're probably still not going to be comfortable falling asleep. You shouldn't be, certainly." |
| [102][103] |
| Feb 2018 | Aug 2018 | "[Autopilot is] going to kind of be like [the progression of DeepMind's AlphaGo] for self-driving. It will feel like well this is a lame driver, lame driver. Like okay, that's a pretty good driver. Like holy cow, this driver's good. It'll be like that. I mean, timing-wise, I think we could probably do a coast-to-coast drive in three months, six months at the outside." |
| [104] |
| Nov 2018 | 2019 | "You know, I think we'll get to full self-driving next year. As a generalized solution, I think. But that's a ... Like we're on track to do that next year. So I don't know. I don't think anyone else is on track to do it next year." |
| [105] |
| Feb 2019 | Dec 2019 | "I think we will be feature complete — full self-driving — this year, meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year. I would say I am of certain of that. That is not a question mark." |
| [106] |
| Apr 2019 | 2020 | "I feel very confident predicting that there will be autonomous robotaxis from Tesla next year — not in all jurisdictions because we won't have regulatory approval everywhere." "From our standpoint, if you fast forward a year, maybe a year and three months, but next year for sure, we'll have over a million robotaxis on the road." |
| [107] |
| Apr 2020 | 2020 | "[Robotaxi] functionality still looking good for this year. Regulatory approval is the big unknown." |
| [108][109] |
| Jul 2020 | Dec 2020 | "I'm extremely confident that level five - or essentially complete autonomy - will happen and I think will happen very quickly. I feel like we are very close. I remain confident that we will have the basic functionality for level five autonomy complete this year. There are no fundamental challenges remaining. There are many small problems. And then there's the challenge of solving all those small problems and putting the whole system together." |
| [110][111] |
| Jan 2021 | Dec 2021 | "And it's now actually more -- it's more common than not for the car to have no interventions, even on a complex drive. So -- and this is -- basically I'm highly confident the car will drive itself for the reliability in excess of a human this year. This is a very big deal." |
| [112] |
| Apr 2022 | Dec 2022 | "The whole road system is made for biological neural nets and eyes. And so actually, when you think about it, in order to solve driving, we have to solve neural nets and cameras to a degree of capability that is on par with, or really exceeds humans. And I think we will achieve that this year." |
| [113] |
| Aug 2022 | Dec 2022 | "The two technologies I am focused on, trying to ideally get done before the end of the year, are getting our Starship into orbit ... and then having Tesla cars to be able to do self-driving. ... Have self-driving in wide release at least in the U.S., and ... potentially in Europe, depending on regulatory approval." | FSD Beta wide release Nov 2022 | [114] |
| May 2023 | Dec 2023 | "I mean, it does look like [full autonomy is] gonna happen this year. ... Well, we're now at the point where the car can drive on highways and in cities with and where a human dimension is extremely rare. So I mean, just – I was able to drive for several days, just dropping a navigation pin in random locations in the Greater Austin area with no interventions. And the same in San Francisco, which is a very difficult place to drive." |
| [115] |
| Jul 2023 | Dec 2023 | "People have sort of made fun of me and perhaps quite fairly have made fun of me, my predictions about achieving full self-driving have been optimistic in the past ... I'm the boy who cried FSD, but I think we'll be better than human by the end of this year. I've been wrong in the past, I may be wrong this time." |
| [116] |
| Jan 2024 | Dec 2024 | "You know, I really think lots of car companies should be asking for [full self-driving] licenses. [...] we've had some tentative conversations, but I think they don't believe it's real quite yet. I think that that will become obvious probably this year." | TBD | [117] |
Musk has said both USA plants are essential 100 percent at capacity. Hence why he wanted to build the plant in Mexico so quickly. With Tesla backing out of that for now I'm curious where he plans to build the "affordable model " or if the USA plants are really that maxed out like he claims. He's claiming that the new roadster will "fly".
A huge thank you. If this doesn't shut up the Musketeers then nothing will. Why hasn't someone issued a stop sale with this much fraud?Elon opens his mouth and lies come out. He is not worth quoting.
Elon Musk's predictions for autonomous Tesla vehicles
Date Prediction Quote Met Ref(s). Sep 2013 2016 "We should be able to do 90 percent of miles driven [autonomously] within three years." [90] Oct 2014 2015 "A Tesla car next year will probably be 90-percent capable of autopilot. Like, so 90 percent of your miles can be on auto. For sure highway travel." AP/HW1 released Oct 2015 for highways[91] [92][93] Oct 2015 2018 "From a technology standpoint, Tesla will have a car that can do full autonomy in about three years, maybe a bit sooner." [94] Dec 2015 2018 "We're going to end up with complete autonomy, and I think we will have complete autonomy in approximately two years." [95] Jan 2016 2018 "Ultimately you'll be able to summon your car anywhere … your car can get to you. I think that within two years, you'll be able to summon your car from across the country. It will meet you wherever your phone is … and it will just automatically charge itself along the entire journey." [96] Jun 2016 2019 "I consider autonomous driving to be a basically solved problem. ... We're less than two years away from complete autonomy. Regulators however will take at least another year; they'll want to see billions of miles of data." [97] Oct 2016 Dec 2017 "Our goal is, and I feel pretty good about this goal, that we'll be able to do a demonstration drive of full autonomy all the way from LA to New York, from home in LA to let's say dropping you off in Times Square in New York, and then having the car go park itself, by the end of next year. Without the need for a single touch, including the charger." [98][99][100] Apr 2017 Dec 2017 "November or December of this year, we should be able to go from a parking lot in California to a parking lot in New York, no controls touched at any point during the entire journey." [101] May 2017 2019 "I think [a driver will be able to sleep at the wheel in] about two years. So the real trick of it is not how do you make it work say 99.9 percent of the time, because, like, if a car crashes one in a thousand times, then you're probably still not going to be comfortable falling asleep. You shouldn't be, certainly." [102][103] Feb 2018 Aug 2018 "[Autopilot is] going to kind of be like [the progression of DeepMind's AlphaGo] for self-driving. It will feel like well this is a lame driver, lame driver. Like okay, that's a pretty good driver. Like holy cow, this driver's good. It'll be like that. I mean, timing-wise, I think we could probably do a coast-to-coast drive in three months, six months at the outside." [104] Nov 2018 2019 "You know, I think we'll get to full self-driving next year. As a generalized solution, I think. But that's a ... Like we're on track to do that next year. So I don't know. I don't think anyone else is on track to do it next year." [105] Feb 2019 Dec 2019 "I think we will be feature complete — full self-driving — this year, meaning the car will be able to find you in a parking lot, pick you up and take you all the way to your destination without an intervention, this year. I would say I am of certain of that. That is not a question mark." [106] Apr 2019 2020 "I feel very confident predicting that there will be autonomous robotaxis from Tesla next year — not in all jurisdictions because we won't have regulatory approval everywhere." "From our standpoint, if you fast forward a year, maybe a year and three months, but next year for sure, we'll have over a million robotaxis on the road." [107] Apr 2020 2020 "[Robotaxi] functionality still looking good for this year. Regulatory approval is the big unknown." [108][109] Jul 2020 Dec 2020 "I'm extremely confident that level five - or essentially complete autonomy - will happen and I think will happen very quickly. I feel like we are very close. I remain confident that we will have the basic functionality for level five autonomy complete this year. There are no fundamental challenges remaining. There are many small problems. And then there's the challenge of solving all those small problems and putting the whole system together." [110][111] Jan 2021 Dec 2021 "And it's now actually more -- it's more common than not for the car to have no interventions, even on a complex drive. So -- and this is -- basically I'm highly confident the car will drive itself for the reliability in excess of a human this year. This is a very big deal." [112] Apr 2022 Dec 2022 "The whole road system is made for biological neural nets and eyes. And so actually, when you think about it, in order to solve driving, we have to solve neural nets and cameras to a degree of capability that is on par with, or really exceeds humans. And I think we will achieve that this year." [113] Aug 2022 Dec 2022 "The two technologies I am focused on, trying to ideally get done before the end of the year, are getting our Starship into orbit ... and then having Tesla cars to be able to do self-driving. ... Have self-driving in wide release at least in the U.S., and ... potentially in Europe, depending on regulatory approval." FSD Beta wide release Nov 2022 [114] May 2023 Dec 2023 "I mean, it does look like [full autonomy is] gonna happen this year. ... Well, we're now at the point where the car can drive on highways and in cities with and where a human dimension is extremely rare. So I mean, just – I was able to drive for several days, just dropping a navigation pin in random locations in the Greater Austin area with no interventions. And the same in San Francisco, which is a very difficult place to drive." [115] Jul 2023 Dec 2023 "People have sort of made fun of me and perhaps quite fairly have made fun of me, my predictions about achieving full self-driving have been optimistic in the past ... I'm the boy who cried FSD, but I think we'll be better than human by the end of this year. I've been wrong in the past, I may be wrong this time." [116] Jan 2024 Dec 2024 "You know, I really think lots of car companies should be asking for [full self-driving] licenses. [...] we've had some tentative conversations, but I think they don't believe it's real quite yet. I think that that will become obvious probably this year." TBD [117]
Nearly all tech CEOs are really just salesmen selling vaporware which I agree is borderline criminal.
Tesla hasn't, that I know of, released a concept.
MAYBE many but not close to all. It has everything to do with cheap. Why do you think the USA is putting tariffs on the Chinese EVs?
Because Americans will buy them up, like the people in the E/U are doing right now.
SO instead we allow $7,500 in taxpayer money given away to USA EV makers per vehicle sold. Something is wrong here.
Heck Volvo just canceled plans to sell their well priced EV here because of this fiasco.
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Good God, down 45%?! That's quite a big chunk, a LOT more than I had anticipated.
What surprises me more over the last decade is why there has been no investor class action lawsuit.
Even last year Tesla's directors returned 735 million to the company to settle a lawsuit that they were overcompensated but this is peanuts compared to what ... well... I dont know ... im just surprised I guess all the proper disclaimers are in the prospectus year to year... got me.
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With this market and current prices, it’s hard to buy anything new of merit for $25k. Honda Civics are more than that and most say those are too small.
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