Elon Musk

I'm With Stupid said:
I'm not sure about that. As far as I can tell, the Tesla stock price has had very little to do with the actual number of cars he's sold and far more to do with this vague idea that it will become a dominant player some day.
Click to expand...
The Model Y is the #1 seller in the USA!
 
ChicagoBlue said:
As a Model Y owner for a few years now, I’m very satisfied with the car, so I can’t speak to the quality and appeal of others.

Musk enjoyed the fruits of the Federal Govt’s $7,500 tax credit to sell cars, while developing the lowest cost manufacturing system and battery supply. Today, as Ford and GM come online (more GM than Ford), Musk is happy to see the credit disappear! That means, as the low cost producer, he has a built-in, govt paid for, cost advantage and can reap ever larger margins over similar domestic products. Fwiw, most of Tesla’s ability to survive in the early years was selling its carbon credits, not cars!

While loving the Y, my feelings about Musk have morphed from Asperger genius to racist Nazi megalomaniac. If I could walk away from the vehicle, I would, but I know I’d struggle to find the same size, space and quality for the price.

Money no object, I’d drive a Polestar or R1. Maybe the R2 will be my next iteration?

As for Musk’s money, it’s going to be all about his private stake in Space X that’ll make him real money! Plus, does $180Bn to 90Bn mean a damned thing, really?!
Click to expand...
I have a Model 3 and my lease ends next year. I still believe that outside of politics Tesla was always ultimately going to see some levelling down because there are now so many options available. Certainly in the UK I think we've just seen a huge normalisation of EV's and now Tesla's aren't the only option let alone the best cars.

Range anxiety was also a big issue for earlier adopters and a major USP for Tesla was exclusive access to the superchargers. That's not the case anymore as the infrastructure is so much better. There's certainly no reason to buy a Tesla to access the superchargers and if you don't own a Tesla you can pay to access them now anyway.

I do want more space too and I have looked at the Y but it's crazy expensive in the UK on lease and I presume that's because the depreciation is so terrible. This is made even worse by the new EV road tax which is another moment of total madness by our government. Buying a car like the Model Y is now becoming pointless as similar sized cheaper ICE cars exist and the cost benefits have only reduced.

To put the depreciation into the context over here, with my provider the Model Y standard is £600pm on lease whereas the Kia EV6 is £350pm and both have the same list price.
 
Last edited by a moderator:
ChicagoBlue said:
View attachment 149341

From the Tesla website in USA. You’re getting ripped off!
Click to expand...
Wow! There's no surprise there but I guess a lot of it is due to taxes too.

We have the 10% import tariff as the Model Y is made in Berlin and Model 3's are made in Shanghai. And then there is the 20% VAT sales tax.

Basically whatever the car should cost... Add another 30%, then add profits and depreciation costs = we get shafted. :)
 
SWP's back said:
Yeah but still no where near enough units sold to suggest Tesla should be 20x the market cap of GMC (which sold 4x as many units)
Click to expand...
That sums it up nicely.
gordondaviesmoustache said:
It’s a fucking Ponzi scheme.
Click to expand...
Tesla stock trades more lke a crypto asset than a traditional stock. If you look at the graphs of btc and tsla you can see the correlation.
SWP's back said:
I certainly don’t agree with any analysts that are recommending a $550 per share price for it. There’s zero economic argument for it.
Click to expand...
It peaked at 488 in December. I wouldn't be surprised if it never gets back there. Tesla was facing challenges before recent events, they have a history of routinely failing to deliver on musks promises. The cyber truck doesn't just look like a delorean , it's junk like a delorean. They are never going to make a profit selling junk like that, let alone make the kind of earnings that would justify the market cap.

These problems were there before Musk went full nazi. Corporates spent millions carefully presenting their brand image. Musk has trashed his own brand in the last 3 months and he's dragging Tesla down with him. And in to a stalling economy.

I dont see how he turns it around.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top