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Misc saysSo the company has no sales revenue at all, but it is valued higher than Puerto Rico's GDP.
Too bad it has to have 4 profitable quarters in a row before being added to the S&P 500.
But with a scam this big, they may make an allowance for that and let it in right away.
Uh, it has sales revenue. It has been shipping vehicles to customers. Vehicles that were purchased. Sales. Not being profitable doesn't change that.
Being valued higher than PR's GDP isn't something woth comparing, given what a shithole PR is.
What does the S&P have to so with the question posed and the context it was posed in? This is about Tesla's stock market dominance in the EV sector.
Misc saysOver 3 million people live in Puerto Rica. It's still a US territory. There's only about 9K employed by Rivian.
So fucking what? Is PR being traded on NASDAQ as a stock? #Whattaboutism
https://www.zerohedge.com/markets/tesla-owner-blows-car-after-discovering-cost-fix-battery?source=patrick.net
And they are NOT making a "Cheap" EV. No one is.
rocketjoe79 says
And they are NOT making a "Cheap" EV. No one is.
That Chevy Bolt I was loaned was priced at $27k down from $32k (right after the tax credit disappeared). It seemed like Chevy was targeting a cheap electric car market.
Rivian is being propped up by Bezos. Their cash burn is unsustainable. And they are NOT making a "Cheap" EV. No one is. Ford and GM have raised prices on their EV's.
And yes, the price of a replacement battery definitely keeps me gun shy when it comes to buying a Tesla.
Electric MINI Cooper is even cheaper after all incentives.
Tesla Gets Some Friendly Advice From Former Ford CEO As Stock Sinks Further Deep
n the U.S., given that Tesla had a 100% market share once, it can only go down, Fields said. The market share erosion is mainly due to a lack of a product to compete in the under $50,000 category and this is going to be a challenge for Tesla, Fields added.
Tesla has learned alot about battery management in the last decade. Very rare to hear about defective batteries now.
RWSGFY says
Electric MINI Cooper is even cheaper after all incentives.
Yeah, but then you would be stuck with a MINI.
Tesla is killing all of the other OEM's with the recent price cuts.
Tesla is barely at scale with their two new factories in Austin and Berlin, yet they already have significantly higher margins than other OEMS making ICE cars. The margin delta is even bigger when compared to other OEM's high cost to make electric cars. Tesla can absorb the price cuts without significantly impacting margins and will only get better as they continue to scale up.
Tesla has virtually no debt (let alone legacy pension liabilities) and has nothing but clear sky ahead of them. The Cybertruck and smaller less expensive (Model 2?) will keep demand through the roof for the next several years.
I bought MOAR Tesla stock at the last dip at the beginning of the year and it is already up 80% YTD. I plan on holding long and hopefully retiring a few years earlier. Still a great buy now IMO.
I wonder if any of that is trueDoes anyone else think this explanation is a viable one, despite how else you may feel about the hype over EV companies?