Re:Tesla Q3 2021 Earnings
by mattnewton on Wednesday October 20, 2021 @04:50PM
(#28936352)
I think this really captures my view on the stock. There is one electric car in outer space right now, one premium brand. Everyone else is going to be in a race over market share and Tesla has a shot to keep high margins and use those margins to keep finding its lead.
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What are Porsche if not a premium brand?
I'll be up front in that I've never sat in either for more than in a showroom, but tell me the Taycan is not premium and the Tesla is. I have never heard of fit and finish issues like I hear Tesla customers complaining about, for example.
Re:Tesla Q3 2021 Earnings
by mattnewton on Wednesday October 20, 2021 @05:41PM
(#28937108)
I think premium brands aren’t about the materials as much as they are about signaling brand values. A Porsche draws on foreign luxury ideas for playing a rich man, but a Tesla is for role-playing iron man with fancy new tech.
The taycan is not appealing to people who want a car of the future in the way the model s is. This value is intrinsic to the Tesla brand and the utility those customers get (over the costs of maintaining that brand halo) can be captured as margin for a long time to come.
Re:Tesla Q3 2021 Earnings
by ecpottinger on Wednesday October 20, 2021 @06:22PM
(#28937589)
Porsche is doing good, they plan to sell over 40,000 BEVs this year and 60-80,000 cars next year. Their growth rate looks good but that is still a far cry from what Tesla already sells and plans to sell next year.
Agreed. Tesla is so far in front tech-wise and continuing to push.
They were only talking about 4680 and structural battery packs a year ago and it’s about to go into mass production.
Re:Tesla Q3 2021 Earnings
by mupuff1234 on Wednesday October 20, 2021 @06:08PM
(#28937421)
Aren't most Teslas basically using Panasonic manufactured batteries?
Re:Tesla Q3 2021 Earnings
by ecpottinger on Wednesday October 20, 2021 @06:23PM
(#28937601)
Panasonic batteries made to Tesla's specs not the general market.
Re:Tesla Q3 2021 Earnings
by mupuff1234 on Wednesday October 20, 2021 @07:16PM
(#28938103)
Doesn't that mean that the manufacturing process is more or less a standard one? and that Panasonic has the same battery tech now?
And who gets priority in their production plans?
Re:Tesla Q3 2021 Earnings
by mupuff1234 on Thursday October 21, 2021 @04:12AM
(#28941734)
I'm guessing Panasonic will prefer having more then a single costumer but regardless - that's quite a different narrative then "Tesla has a 5 year lead in battery tech".