Tesla Stock

[JavierH19]

Cutting prices to maintain sales numbers isn’t a viable long-term plan.

It actually can be in the right circumstances since Tesla is so efficient they can produce and still make profit but byd another many other manufacturers suffer in having to produce a similar car at a similar price to compete with Tesla which they can't and are unprofitable. Tesla is hurting rivals enough to where they want legal action against Tesla. In the real world business is about coming out on top by making your competition put the barrel in their own mouth.

https://www.google.com/amp/s/inside...la-price-war-reshaping-china-auto-market/amp/

 

[97prizm]

I typically look at a few industry sources.

I think Kelly Blue Book says the number is 48 in April or May of this year.

Most dealerships use NADA as it seems like it's more realistic on pricing

 

[UncleDave]

Most dealerships use NADA as it seems like it's more realistic on pricing

If nada gives them an advantage they go right to it. I think Nada is a bit more accurate.

Another one Ive seen used a lot is called BUC.

 

[UncleDave]

According to the " kelly blue book "........

The car we're trying to sell you is worth just over MSRP.

Your trade in however seems to be a problem - the market is currently soft for 4 speed hemi cuda convertibles
(doesn't matter what the trade in car might be - the market for them is soft)

 

[97prizm]

AGREE 100% many posts are so one sided. No one was saying the shorts got killed when Tesla got slammed from a high of $400 a share to $110 a share. .. it's so laughable and why I bring up Bitcoin. Currently that all Tesla is. A stock selling at 70 times earnings (down from close to 100 times earnings) in an industry that sells at 5 to 15 times earnings.

Not only that but losing market share by the bucket load, Profit margins getting squeezed in order to get cars sold. Its laughable. They need an ace up their sleeve in the worst way. I hope they have one. I can only suspect they become a low cost producer to survive, much like the Bic Lighter of a long time ago. A throw away car ... because that is the direction of current technology battery operated cars. They CERTAINLY have their place and usefulness but no way will in their current form ever come close to taking over the ICE powered vehicle. Too much of a hassle for many

Tesla has had to resort to bringing back referrals on new vehicle sales. This has only happened when their sales have fallen. Not saying the sky is falling but keep in mind. In 1978 Atari owned 75% of the video game market, now where are they? Gone bought up and parted out. If the board doesn't kick Musk out I forsee him running Tesla into the ground. Reports state he's shown up two or three times this year at Tesla.

 

[E365]

Not exactly a rosy outlook on Cybertruck in today’s Q3 Q&A.

“We dug our own grave with Cybertruck”

"I just want to temper expectations for Cybertruck," Musk said. "It's a great product, but financially, it will take a year to 18 months before it is a significant, positive cash flow contributor. I wish there was some way to be different but that's just my best guess."

The Tesla fans have been saying over 2M reservations. Elon says over 1M. Based on his history of dishonesty (to put it kindly), I’d guess it’s under 1M.


https://insideevs.com/news/692136/tesla-cybertruck-q3-production/

 

[UncleDave]

Not exactly a rosy outlook on Cybertruck in today’s Q3 Q&A.

“We dug our own grave with Cybertruck”

"I just want to temper expectations for Cybertruck," Musk said. "It's a great product, but financially, it will take a year to 18 months before it is a significant, positive cash flow contributor. I wish there was some way to be different but that's just my best guess."

The Tesla fans have been saying over 2M reservations. Elon says over 1M. Based on his history of dishonesty (to put it kindly), I’d guess it’s under 1M.

https://insideevs.com/news/692136/tesla-cybertruck-q3-production/

amazingly despite how badly it was bungled and how bizarrely its designed - The cyber truck may end up taking the lead in the next 18 month.

To get the lightning to market first Ford made major battery size concessions. It never had enough battery to tow decently and a ground up fix will take years.

The Silverado showed promise, but now GM is pulling back on truck plants claiming market softness, just 2 months ago they were bragging about having 150K reservations ???

 

[E365]

amazingly despite how badly it was bungled and how bizarrely its designed - The cyber truck may end up taking the lead in the next 18 month.

To get the lightning to market first Ford made major battery size concessions. It never had enough battery to tow decently and a ground up fix will take years.

The Silverado showed promise, but now GM is pulling back on truck plants claiming market softness, just 2 months ago they were bragging about having 150K reservations ???

Keyword “May”. I’d say even probably it’ll be the top selling EV pickup. We’ll see…

How many people reserved one based on the $39,900 advertised price, which won’t happen? Biggest question: How will Tesla avoid the exact same “$40k issue” Ford and Chevy are in now?

How many reserved based on the OVER 500 miles of claimed range, which likely won’t happen?

Tesla is pulling back on their plants too. Based on Elon’s remarks from today’s Q&A, the Mexico plant plans have slowed massively. Due to high interest rates, production in Mexico is a LONG way out. They’re no longer “full tilt” on the factory. Elon’s words. They even suggested they’d like the Mexico production to now just happen at Giga Austin, but they don’t have enough workers in the Austin area.

 

[alarmguy]

This has to do with all EVs.
They can’t sell without subsidies, can’t hold their own against the ICE.
Musks statement today says weakness in China and high interest rates are presenting a challenge. Yet ICE vehicles are doing well.

What is missing here the poor performance is taking place despite the taxpayers in the USA chipping in $7,500 on each of his cars.
So what happens in a normal market with no $7,500?

The train wreck is coming years faster than I thought. Granted I think this is overstated though, EVs are here forever but not as some believe that they will take over the market in their current form. I think the legacies definitely have an edge.

Musk says Tesla will lose money on every truck they sell for the foreseeable future as of right now up to 1.5 years.

 

[alarmguy]

It actually can be in the right circumstances since Tesla is so efficient they can produce and still make profit but byd another many other manufacturers suffer in having to produce a similar car at a similar price to compete with Tesla which they can't and are unprofitable. Tesla is hurting rivals enough to where they want legal action against Tesla. In the real world business is about coming out on top by making your competition put the barrel in their own mouth.

https://www.google.com/amp/s/inside...la-price-war-reshaping-china-auto-market/amp/

Old outdated story goes to show how much this writer knew which is why they have to write for income instead of invest

 

[E365]

This has to do with all EVs.
They can’t sell without subsidies, can’t hold their own against the ICE.

I largely agree (and I’m pro-EV). Did you see EV sales numbers in Germany for September? The incentives ended for “company cars” on Aug 31st and EV sales cratered in September.

 

[ME_Andy]

My brokerage account hurts.

It's disappointing that the Cybertruck ramp will take so long. Maybe they should have gone with a more conventional design.

They're still good in the long term. Maintaining ~18% margins while shutting down some factories for upgrades AND reducing prices is amazing. Apparently a Model 3 is cheaper than a Corolla when gas is taken into account, now. Amazing.

Also, the competitors are really struggling.

 

[97prizm]

Not exactly a rosy outlook on Cybertruck in today’s Q3 Q&A.

“We dug our own grave with Cybertruck”

"I just want to temper expectations for Cybertruck," Musk said. "It's a great product, but financially, it will take a year to 18 months before it is a significant, positive cash flow contributor. I wish there was some way to be different but that's just my best guess."

The Tesla fans have been saying over 2M reservations. Elon says over 1M. Based on his history of dishonesty (to put it kindly), I’d guess it’s under 1M.


https://insideevs.com/news/692136/tesla-cybertruck-q3-production/

Wasn't Musk the one saying back in June that the Cybertruck was going to be seeing final delivery and that demand that "was off the hook" and "It would take years to fulfill the current orders." I wish the sec would get involved. I would bet money that there aren't 2 million deposits for this thing. In December 2022 he was quoted as saying 1.75 million deposits while in June of this year it was 1.45 to 1.5 million deposits. I've read that Tesla paid people to "put down a deposit " to bump up the perceived demand.

 

[UncleDave]

Keyword “May”. I’d say even probably it’ll be the top selling EV pickup. We’ll see…

How many people reserved one based on the $39,900 advertised price, which won’t happen? Biggest question: How will Tesla avoid the exact same “$40k issue” Ford and Chevy are in now?

How many reserved based on the OVER 500 miles of claimed range, which likely won’t happen?

Tesla is pulling back on their plants too. Based on Elon’s remarks from today’s Q&A, the Mexico plant plans have slowed massively. Due to high interest rates, production in Mexico is a LONG way out. They’re no longer “full tilt” on the factory. Elon’s words. They even suggested they’d like the Mexico production to now just happen at Giga Austin, but they don’t have enough workers in the Austin area.

I can't believe cyber is still a planned product and not a launch joke.

What was the timing on the price renege vs the reservation claim? Which came first?

Slowed isnt the same as a full on hiatus and Tesla is using its own money vs. GM's borrowed money If they cant compete in EV's which is looking increasingly likely then go make something they can, but stop wasting taxpayer money.

EVs are still the fast growing segment and likely to stay that way for some time.

 

[97prizm]

My brokerage account hurts.

It's disappointing that the Cybertruck ramp will take so long. Maybe they should have gone with a more conventional design.

They're still good in the long term. Maintaining ~18% margins while shutting down some factories for upgrades AND reducing prices is amazing. Apparently a Model 3 is cheaper than a Corolla when gas is taken into account, now. Amazing.

Also, the competitors are really struggling.

Competition is seeing double or triple the number of their EV orders from last year and growing. Keep in mind if Fascist California didn't force companies to pay out to the carbon offset fund investors said Tesla would have filed for bankruptcy.

 

[97prizm]

I can't believe cyber is still a planned product and not a launch joke.

What was the timing on the price renege vs the reservation claim? Which came first?

Slowed isnt the same as a full on hiatus and Tesla is using its own money vs. GM's borrowed money If they cant compete in EV's which is looking increasingly likely then go make something they can, but stop wasting taxpayer money.

EVs are still the fast growing segment and likely to stay that way for some time.

Is there a way to get Tesla to keep their original price if you put down a deposit?

 

[UncleDave]

Is there a way to get Tesla to keep their original price if you put down a deposit?

Unknown - doubt it though.

In the case of the model 3 they ultimately shipped it, I doubt that will be the case with cyber.

 

[DwightFrye]

A temporary blip. We've seen these kinds of fluctuations before. If you are a short term trader your butt probably hurts right now.
For others who are in it for the next 3-4 years, sit tight. You'll do just fine. The other makers will still be playing catch up. Or, will have gone the way of AMC. Lucid for example has only sold around 64% of their 2023 production and isn't making money on them anyway. Rivian is struggling. Ford is floundering with their EV program. GM is in similar straits.

With apologies to Freddie Cannon and song author Chuck Barris, I just sing along when I look at my TSLA holdings spread sheet at the end of each month.

My heart was flyin'
up like a rocket ship
Down like a roller coaster
Back like a loop-the-loop
And around like a merry-go-round

 

[JeffKeryk]

TSLA takin' it in the shorts today! Down 15% over the past month, but up 108% YTD. Way down from peak 2 years ago...
The roller coaster continues.
Buying opportunity? Your call....
Only thing we know for sure, the analysts have been consistently wrong.

 

[alarmguy]

TSLA takin' it in the shorts today! Down 15% over the past month, ...

Down over 15% in the last 24 hours
Yes, Cathie Woods has been wrong but has been selling large holdings into the Tesla Rallies.

People are realizing Tesla is an automaker selling at an insane mulitple with a very large downside risk. Its only product is EV's unlike the legacies that made money hand over foot for the last decade on the ICE offerings. Institutional investment has been on the light side with Tesla.

Government could end taxpayer EV $7,500 tax credits at any time. We already know from Tesla the profit margins are shrinking, we are starting to see Americans are not breaking down the doors to buy one yet giving the main portion of the population up to $7,500 to buy one.
We are starting to realize even Tesla has only made money in the last couple years out of over a decade and the first year of profitability was due to carbon credits. The following years profits are from $7,500 tax credits in the USA and profits from China, yet the legacies have been making money the entire time with no taxpayer credits.

Well China is slowing down and Americans are not breaking down the doors to buy an EV. But once again, starting 2024 taxpayers will be giving instant $7,500 on buying an EV, this will keep them a live longer. Im not saying EVs arent the future for a second car in their present form. Let's not forget the supply of EVs coming to market from other companies but they too are realizing the whole EV craze might be a bit premature and cutting back plans. To me, Toyota is looking like the company that will be king for decades to come, I think the markets will start reflecting that. The only company not to jump into EV's all willy nilly without examining the market properly.

Today, Tesla Stock price has to go up almost another 100% to match its highs of years ago. I dont understand why that gets ignored.