This also assumes that there's demand for all of these $50,000 cars, which isn't necessarily the case.
Re:Tesla Financial Results 2019 Q4
by mitchellgoffpc on Wednesday January 29, 2020 @06:25PM
(#22187156)
The base Model 3 costs $40k in the US, and even without any extra options at all, it’s a great car to drive IMO! (Although it IS a lot more expensive in foreign markets)
So far, it seems that Teslas are so great that they sell themselves. The more Teslas on the road, the more demand gets created for Teslas as more and more people are exposed to them.
Re:Tesla Financial Results 2019 Q4
by joshualross on Wednesday January 29, 2020 @11:41PM
(#22188895)
Currently, the demand is still strong enough that the wait time on a new TM3 is 4-8 weeks. That may decrease, but right now Tesla can't make them fast enough.
Re:Tesla Financial Results 2019 Q4
by AtlasBarfed on Friday January 31, 2020 @12:52AM
(#22199436)
The Y will have more demand. Crossover rules the us market
I'm sure there is, if you consider all the climate politics ramping up. Politicians, officials, other virtue signallers will prefer to be seen in EV soon.
Re:Tesla Financial Results 2019 Q4
by AtlasBarfed on Friday January 31, 2020 @12:51AM
(#22199431)
Battery cost is plummeting, Tesla is at the forefront of that. They can collect all the extra margin, or drop prices as needed
As you mentioned that's marginal profit. You'd have to include estimates of their other costs/liabilities before estimating future market cap.
Why do you assume they can sell all those cars, when they can’t even sell all their current capacity of cars? They’ve been able to produce 500,000 cars for awhile, yet only delivering 367,000 this year.
In fact, Deliveries exceeded Production in Q4, Q3, and Q2, and fell short of production by 14,000 vehicles in Q1 2019.
[1] - https://ir.tesla.com/news-releases/news-release-details/tesl...
[2] - https://ir.tesla.com/news-releases/news-release-details/tesl...
[3] - https://ir.tesla.com/news-releases/news-release-details/tesl...
[4] - https://ir.tesla.com/news-releases/news-release-details/tesl...
Extraordinarily strange, given that inventories haven’t changed to near the same degree.
I’m sorry but that is also not true. Inventory is reported as Days of Sales, and was 30 days in Q1 and has decreased every quarter to now just 11 days of sales.
They could sell a lot of semis and cybertrucks if they were ready.
And just think, they could put a dashboard on the model 3 and sales would probably double.
Neither of those cars exist.
Re:Tesla Financial Results 2019 Q4
by AtlasBarfed on Friday January 31, 2020 @12:55AM
(#22199447)
The Tesla semi is a whole new game in battery production. 300kwhr packs? If tech gets good, Tesla could find buyers for 1000 kwhr packs.
This is excluding any other growth opportunities (self driving, solar, battery storage, drive train). just plain car sales...