Tesla stock suffers biggest-ever drop
- Thread starter wdn
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You could be right, and the EV playing field levels out, making Tesla just another carmaker. The market is not kind to regular car makers. The Tesla longs have to hope Tesla stays far enough ahead to be worth such lofty prices year after year.
Was Tesla model 3 ever $30,000? No. Is MSRP range $37,990 - $54,990
“around a $30,000 price point”? No. Was it ever or is it now “really affordable by almost everyone who can buy new cars”? No.
Can Toyota whose mid-trim level hybrid Corolla LE is MSRP$24,920 and unlike Tesla that does not discount, sell at a street price of $21,961? Yes. Can Toyota introduce an all-electric Corolla in base trim not LE for a street price around $25,000 sooner than Tesla can touch that price range? Likely. Can Toyota sell an even lower priced car than a Corolla? Yes. It already does: the Yaris. Is there any reason to believe Toyota cannot also produce a Yaris EV? No.
“around a $30,000 price point”? No. Was it ever or is it now “really affordable by almost everyone who can buy new cars”? No.
Can Toyota whose mid-trim level hybrid Corolla LE is MSRP$24,920 and unlike Tesla that does not discount, sell at a street price of $21,961? Yes. Can Toyota introduce an all-electric Corolla in base trim not LE for a street price around $25,000 sooner than Tesla can touch that price range? Likely. Can Toyota sell an even lower priced car than a Corolla? Yes. It already does: the Yaris. Is there any reason to believe Toyota cannot also produce a Yaris EV? No.
The average car is an SUV not a car, which is why it’s $40K. But a Tesla SUV is $80K. I agree with you on this day, in the US market it is hard to find all electric competitors. But that is rapidly changing, and has already changed in Europe.
Yeah, that's what the short sellers said. They lost $40B in 2020.
By the way, if you listen to the analysts, Tesla under promises and over delivers.
"actual carmakers (who know how to make cars) "
I suggest they know how to make ICE cars. Tesla is a pure play EV company.
Even the mighty Porsche failed on their promises.
There is much more to the car than building oversized iPad.
Keep believing in Electric Jesus..they will be swallowed by the bigger boys soon
I'll just leave this here..
www.cnbc.com
JD Power says Lexus is most dependable auto brand, ranks Tesla 30th out of 33
J.D. Power studies serve as an industry benchmark, and its results can drive sales and impact insurance premiums for owners.
www.cnbc.com
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I mean, if you had bought Tesla shares in March last year? You’d be doing alright, but now? At today’s prices? The price just seems so high.
The price to earnings ratio (PE) is over 1000, I’m no expert but I’ve never seen that before in a stock. That’s basically telling me that the company isn’t making money.
A good PE ratio...which is one indicator that the stock is a good price or good bargain, is 8-12. Tesla is over 1,000! Back in the day we used to think a 35 PE ratio meant that the stock was overpriced and stay away from it until it drops. And Tesla is 1,000 plus? My lord.
And I realize that PE ratios aren’t everything but Jesus, that ratio is ridiculous.
I'll just leave this here..
JD Power says Lexus is most dependable auto brand, ranks Tesla 30th out of 33
J.D. Power studies serve as an industry benchmark, and its results can drive sales and impact insurance premiums for owners.
contrast with this
Tesla leads and Infiniti bleeds in Consumer Reports' satisfaction survey
The latest owner satisfaction survey from Consumer Reports puts Tesla in first place and Infiniti in last place.
www.autoblog.com
I recall when Saturn came out, GM sponsored Saturn “love-ins” where Saturn owners could gather in a park-like atmosphere to share their joy about owning a Saturn. Very cult-like, not that different from the Tesla folks.
I've been hearing that for about a decade now.
One is customer satisfaction.contrast with this
Tesla leads and Infiniti bleeds in Consumer Reports' satisfaction survey
The latest owner satisfaction survey from Consumer Reports puts Tesla in first place and Infiniti in last place.
One is reliability.
The former is driven by a lot more than just reliability.
Those actual carmakers who have been building ICE vehicles for 100 years are the ones who have their work cut out for them. Building a proper EV is more than taking an existing chassis and body design and adding batteries and an electric motor.
Have you seen any of the YouTube videos of Tesla's production line ? Highly automated using robotics, and each new factory that Musk builds is an improvement on the Fremont factory with the knowledge based upon experience.
Those actual carmakers simply don't have, and likely never will have the capital needed to build cars in a 21st Century manner. They will continue to use old methods with band aid upgrades and assemble them with overpaid UAW workers. They will be forced to buy outdated battery technology from outside vendors while Tesla will eventually be making their own batteries with the best performance.
I think EV startups have a better chance of competing with Tesla. Provided they can raise the capital, at least they will be staring with a clean slate and emulating some of the technology that Tesla has pioneered.
