Re:Investors conclude that Tesla is a carmaker, not a tech firm
by throwaway894345 on Thursday January 05, 2023 @10:55AM
(#34261530)
I haven’t checked in a while, but last time I looked Tesla was supply constrained—they couldn’t make cars fast enough to meet demand, so (unless that has changed) they’re probably not too worried about hypothetical demand reduction.
Re:Investors conclude that Tesla is a carmaker, not a tech firm
by status200 on Thursday January 05, 2023 @11:41AM
(#34262467)
I don't think this is true anymore, since they recently started rolling out discounts on vehicles, which is usually a sign of overstock / slowing demand [0]
[0] https://www.torquenews.com/14335/tesla-sweetens-deal-discoun...
Re:Investors conclude that Tesla is a carmaker, not a tech firm
by davidcbc on Thursday January 05, 2023 @11:08AM
(#34261851)
Their global backlog of orders has gone from ~470k to ~74k over the last few months. There is no backlog of orders at all in the US or Canada and the backlog for the rest of the world is dropping quickly.
https://twitter.com/TroyTeslike/status/1609346097733828609?s... (This is the most recent data made public, the Patreon data goes through Dec 31 with the numbers quoted)
Re:Investors conclude that Tesla is a carmaker, not a tech firm
by conductr on Thursday January 05, 2023 @11:31AM
(#34262291)
Just to add, I used the 'build a tesla' recently for Model Y and was quoted delivery time of about 30 days. Not sure if that's accurate, but doesn't sound too supply constrained compared to discussions with other automakers I've spoken to recently (6-12 months out in some cases). I backed out because I'm really concerned with build quality issues that seem to be worsening, and generally losing confidence daily this company will be around in 5 years.
It really doesn't help when the leadership of said car company is erratic and eroding the goodwill of the brand while people generally feel comfortable with more established carmakers. I feel pretty confident that major automakers are going to be around in 10 years. Buying a Tesla already feels like a bit of a gamble to me just because of its newness.
With an economy that's already slowing it could really hurt them when it's likely fewer people are buying cars and will be more cautious about it when they do. "Maybe I'll hold off another year and see how the new crop of cars compares with the Tesla."