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Tesla's Supercharger Team was recently laid off. We discuss what this means for the company on today's TMC Podcast streaming live at 1PM PDT. You can watch on X or on YouTube where you can participate in the live chat.
I purchased FSD for my 2018 Model 3 a few years ago, and, of course, just when it was getting pretty good...about two weeks ago, some lady crashed into my car. Her insurance company accepted full liability but today we got the estimate for repair and it's over $30K, so the insurance company is...
Welp. This is me now. Crash two weeks, 100% the other driver's fault.
Bought FSD years ago and now just as it is getting somewhat useful, this happens. I will try to beg for an FSD transfer, but if they say no, it really is a very strong argument over ever purchasing FSD outright...unless...
Just did my first drive on V12.3 and any time I have it on my left turn signal is engaged. I cannot turn off the left turn signal. The second I disengage FSD I can turn off the left signal. I did a reddit search and apparently this is an issue with some 2018 dual motor model 3s. So, it's...
Well, on the plus side, Twitter dudes (including James Cat who has gone pretty pessimistic) seem to be expecting a 20K China number over night. So, could be a bounce back tomorrow.
I've owned $TSLA since 2018 and today is the first time I've sold due to concerns about the company.
I just don't know how many quarters of limited growth they can post in a row before there is some price compression. They are not priced for minimal growth, not at all. Q1 is not going to blow...
My initial pessimism regarding US price cuts is at least somewhat tempered by price hikes with inventory vehicles as well as in other countries. More of a mixed bag than I initially realized.
I think Gary Black's stance is that price drops have not led to enough volume growth to offset the loss on margins, so why not at least try some level of investment in an education campaign.
There has already been a meaningful reduction in ASP. Where does it end?
And, for sure, two things...
I'll be shocked if the stock is not down significantly tomorrow. If people weren't buying Teslas after the first few price cuts, I just don't see why this will move the needle now. For the most part, no one even knows these price cuts are even happening outside of the Tesla/X bubble.
The...
There are a lot of people like you and a lot of people not like you, but we can be pretty sure that advertising works or companies wouldn't spend so much on it.
It wasn't 2 years ago, it was during the 2022 Q4 earnings just over 3 months ago.
They wouldn't be doing it if they weren't having at least a little trouble moving inventory. It can also be true that this is what a good company would do. We're not disagreeing about any of that.
It just doesn't work like that. People aren't all exactly the same and they aren't all interconnected to each other to the same degree. That's going to have diminishing returns.
By being the best car for the dollar that there is. Through word of mouth. By reaching those who are most likely to learn about and purchase Teslas.
They've done a phenomenal job growing from a small to medium to large to very large company. But I believe they are reaching the limits of what...
A little bit of inventory is expected but Tesla is now selling cars below the margins they told us they wanted to sell them at, so I believe there is clearly an issue right now.
I think there will be advertising hold outs until Elon changes his mind. There are good reasons not to advertise...
My dad is a pretty big Tesla fan. He's on his second or third Tesla. Pretty much everyone in my family drives a Tesla. My dad is also a Tesla investor.
We talk about Tesla all the time. And for the most part the only way he finds out about these price cuts is through me. It is a huge...
I honestly don't understand most of the arguments against advertising. Most of them are arguments like "Tesla is already doing great!" or "word of mouth is powerful!". These things are both true, but you cannot tell me Tesla wouldn't sell more cars or get their message out more efficiently...
Model Y inventory in the US now down to 2 cars (plus duplicates).
We got a blue seven seater in Honolulu and a black 5 seater in Sacramento. Get 'em while they're hot. Not sure why we wouldn't see another price raise imminently.
That's certainly a lot of money! Would love to know about how much money they're expecting to make per truck. Either way, this is pretty cool if the transition to electric vehicles is your thing. Which, if you're reading this, then it probably is.
I think Ross was in favor of the Twitter acquisition, wasn't he? I don't think he was a fan of some of Elon's tweets.
Gary, I think, was right about Twitter, but probably for the wrong reasons. He characterized the overhang as the period of uncertainty prior to the close of the sale. Turns...
I really like Gary Black. He gives you both the positives and the negatives and in a very calm and reasonable manner. You can disagree with his conclusions but I think he's pretty much giving you the truth as he sees it. And I tend to agree with him about most things. I like Gerber too, but...
This is some of the problem for me. Tesla China has been hiding behind technicalities. Elon has been loose with the truth on all sorts of things on Twitter, while selling off shares in front of a bad deliveries report. Of course, he's still going to pump the stock. But to what degree can we...
I'll be curious to see how this gets sugar coated. Getting a little harder to project the same degree of growth into the future. Some degree of PE compression was clearly justified.
I trust Troy over most of the people on this board. As mentioned, he does not have a TSLA position, and I think he does his best to be as objective and as accurate as possible. What good would bias do him? He can't manipulate the actual P&D numbers and the more wrong he is, the more people...
I sold off 20% after the 5:1 split and for a long time I regretted it, but no more! I've been buying in the $200s, and now even more in the $100s, and I'll prob buy even more once we dip below $100.
It's probably off the table for at least Q1 2023 based on his response, but I think based on those same comments it will happen by early 2024 if not sooner. But nothing is guaranteed.
Sounds like a buyback is definitely in the cards. Elon just said he will probably vote for one in the future, once they have a better feel for the recession and how deep that is going to get.
Declining to say much about the 30K model. Just says Tesla has an exciting product release roadmap and that they recognize the need to put out affordable cars. Has consistently said the cost of debt is lowering demand, which again leads me to believe they will lower prices, possibly...
He just reaffirmed his commitment to Tesla, saying there's nothing that could have been done in the last month that he did not do just because he was distracted by Twitter, etc.
He was asked to what extent he thinks his political comments have affected sales. His response is that automotive demand is down everywhere and most places don't care about his political views. Blaming the Fed again.
Now he was asked if he still expects 40-50% growth annually. Kind of hemming and hawing at the moment. Based on what he's saying, more price decreases would not surprise me at all. Sounds like he's still betting on autonomy, saying basically he wants to put cars in people's hands and then at...
He's kind of conflating global demand and the stock price and saying both are in decline due to rising interest rates. So there is an acknowledgment that global demand has taken a hit.
I can't imagine how bad morale must be with the regular workers at this company right now. I assume a lot of them have a lot riding on the stock price, which continues to plummet on a daily basis faster than anyone would have thought possible. Meanwhile, the CEO--at least from a public...
I mean, maybe he does feel that Ross is not worth his time, but what about the rest of us? This is such a non-response. It's like he has nothing to say about any of this and it's very disconcerting. To me, at least. I know 20 people are going to disagree with me.
It's such a casual...
Gerber wouldn't be my first choice to lead this conversation, but he does have Elon's ear at least a little bit, and if he can get Elon to open up a little bit about what is going on, then that's better than nothing. Maybe it's a waste of Elon's time? I wish Elon would waste a little time...
I mostly agree with this for now, except about it being irrelevant. TSLA can find more and more places to send their vehicles, especially while they're trying to ramp up to 2 million and then 3 million vehicles, and so on. I think at some point, though, Chinese demand will matter. Maybe...
A public exchange between Ross and Elon would actually be great. It would be the most response any of us haven gotten from the Tesla company. Ross is concerned about a CEO that is highly distracted. I hope he presses Elon on it because Elon's sarcasm thus far is a non-response.
We have massive confirmation bias on this board, so while you may be right, I feel duty bound to point out that BYD's sales numbers were up over 10% from the prior week. We can't just say "Covid" like that explains away everything. Admittedly, I don't know the whole story, but we all want the...