Quote:
Originally Posted by dogears
Until this quarter, Tesla only made money from the billions in regulatory credits the government hands them. They got hundreds of millions this quarter too. Their profit margin is nowhere close to 11% I believe on a bottom line basis. https://www.theverge.com/2021/7/26/2...ssions-bitcoin
Last quarter they lost money without Bitcoin sales and tax credit sales. https://markets.businessinsider.com/...entures-2021-4
From what I have read, Lucid's tech is very impressive and stylistically their car is far superior to Tesla. Tesla has serious competition.
Quote:
Originally Posted by FCX5
Just the opposite. Tesla is now too big to fail. They are at 11% margin. All cars sold out through Q3 and two major factories coming up in Austin and Berlin.
They are ahead in battery, power train, technology and billions of miles of driving data with the largest charging network.
The Germans have been competing with Tesla models for at least 3-4 years now with a whole range of products.
Worst case, any auto company now given a chance would buy Tesla. They had a chance 3-4 years ago. Now they are valued at $700B.
But completion is good and it drives the industry. Competing with Tesla is like competing with Google or Apple or Amazon. Tesla is a tech company and they eat legacy companies for lunch. LOL.
Many companies seem to be firing on all cylinders right now (except Nissan)…
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https://techcrunch.com/2021/07/26/te...ses-1-billion/
Tesla's automotive revenue was $10.2 billion in the second quarter. Notably, only $354 million of that automotive revenue came from the sale of regulatory credits, 17% lower than last quarter and the lowest in the past four quarters. Meanwhile, Tesla's automotive gross margins popped to 28.4%, a historic high for the metric.
It will get better for them…
https://insideevs.com/news/516187/te...odely-sold-q3/
Let's talk when Lucid Motors releases something….