They scaled a very lucrative service business.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
They scaled a very lucrative service business.
I double checked the VW number before sharing that graphic - no idea on the others.WTF 105k BEVs did Toyota sell?
This says US sales of pure BEVs were a little under 15k, then another 25k or so of plug-in hybrids. DId they have another ~90k BEV sales somewhere else?
Toyota U.S. Electric Car Sales Increased By 10 Times In 2023
In Q4 2023, the Toyota group sold in the U.S. 16,657 plug-in electric cars (up 58% year-over-year), which represents 2.7% of the total volume.insideevs.com
Also does that Hyundai number include Kia? Seems like it should but then the 260k seems unreasonably low?
Hyundai Motor Group Snags 7th Place in Global EV Sales from Jan. to Sept.
Hyundai Motor Group, which controls both Hyundai Motor and Kia Corp., ranked seventh globally, posting sales of 378,462 electric vehicles (EVs), battery electrwww.businesskorea.co.kr
This says they were at 294k (pure BEVs) by end of September, so should be nearer 400k for the full year?
Artful Dodger
"Neko no me"
Apple's main expenses are categorized as R&D not COGS which is why their margins look artifically high. This is common with silicon valley software companies. Also, they get a bulk discount on the suicide nets outside the dorm windows of their china sweatshops...
Buckminster
Well-Known Member
Semi General Discussion 86 new jobs
FSD V12 (end to end AI)
X App Discussion MrBeast pilot successful
Tesla Restaurant Expansion to 80 SCs following neighbour plot purchase
Elon Compensation Package
Project Highland (Investor impact etc.) Disguised Plaid spotted plus USA deliveries this week
Tesla Megapack Battery Storage 2XL pics - 2 more cabinets
FSD V12 (end to end AI)
X App Discussion MrBeast pilot successful
Tesla Restaurant Expansion to 80 SCs following neighbour plot purchase
Elon Compensation Package
Project Highland (Investor impact etc.) Disguised Plaid spotted plus USA deliveries this week
Tesla Megapack Battery Storage 2XL pics - 2 more cabinets
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Apple's main expenses are categorized as R&D not COGS which is why their margins look artifically high. This is common with silicon valley software companies. Also, they get a bulk discount on the suicide nets outside the dorm windows of their china sweatshops...
There is a hardware/software/apps/data lock-in with Apple that is hard to achieve with cars.
Apple and Android are different universes, people rarely travel between them.
With Optimus there is a natural hardware/software/training/data lock-in, using another Android brand is a different universe.
However, this discussion did trigger an idea.
When parts suppliers supply parts to Tesla the components of those parts are:-
- Raw materials
- Other components (hence the next level down to optimise)
- Automation (Tesla)
- Labour (Optimus)
IMO after internal use of Optimus, Optimus deployment where possible throughout all parts suppliers is a good idea.
In some cases Tesla can also help with automation, (they already do some of that).
When parts suppliers make cost savings, the expectation would be that part of that is passed on to Tesla.
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Musskiah
DisGruntled
Cramer on AAPL @ 3:40
I haven't watched this video in years - a different perspective each time. Classic
I haven't watched this video in years - a different perspective each time. Classic
Krugerrand
Meow
people. 
Musskiah
DisGruntled
Elon putting a plug in for India
www.hindustantimes.com
‘Absurd’: Elon Musk on India not having permanent seat in UNSC
“Problem is that those with excess power don’t want to give it up,” Elon Musk, the world's richest billionaire said.
China just reported 11.7K registrations for last week. Good stuff!
Apple's main expenses are categorized as R&D not COGS which is why their margins look artifically high. This is common with silicon valley software companies. Also, they get a bulk discount on the suicide nets outside the dorm windows of their china sweatshops...
Apple has 25% net margin. Shuffling costs between R&D and COGs does not change that.
Apple gets a cut of subscription apps; they charge Google $18B a year to be the default search engine on safari; they sell cloud storage subscriptions to hundreds of millions of users; they charge $300 for $20 of incremental memory on a device.
There is nothing artificial about Apple margins.
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Elon putting a plug in for India
‘Absurd’: Elon Musk on India not having permanent seat in UNSC
“Problem is that those with excess power don’t want to give it up,” Elon Musk, the world's richest billionaire said.
The real question is why there are still permanent members in the UNSC.
On the eve of earnings, I found it interesting reading this missive from “the dean of valuation” (Aswath Damodaran) posted after last earnings, who has been in and out of Tesla over the past decade (where he freely admits missing plenty of upside).
He has a dispassionate approach to investing, relying on his discounted cashflow models which he freely shares and states his assumptions.
(note that with current share price falling to a level that is closer to his fair value price, he also states that his model doesn’t include other potential revenue streams. Note it does include robotaxi, but doesn’t include Optimus, and doesn’t include insurance etc.)
aswathdamodaran.substack.com
Includes this great chart in relation to price cuts:
He has a dispassionate approach to investing, relying on his discounted cashflow models which he freely shares and states his assumptions.
(note that with current share price falling to a level that is closer to his fair value price, he also states that his model doesn’t include other potential revenue streams. Note it does include robotaxi, but doesn’t include Optimus, and doesn’t include insurance etc.)
Tesla in November 2023: Story twists & turns, with value consequences!
Growing pains!
aswathdamodaran.substack.com
Includes this great chart in relation to price cuts:
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you don't need to. I sold 1000 shares at $213.
Krugerrand
Meow
He has been so grossly wrong about Tesla from the start. He never understood it. He always wanted to model the company like every other company on the planet. He didn’t recognize who made Tesla different. Yet there were hundreds of us plebes right here on this forum without the fancy degree and industry reputation who KNEW he didn’t know what he was talking about.On the eve of earnings, I found it interesting reading this missive from “the dean of valuation” (Aswath Damodaran) posted after last earnings, who has been in and out of Tesla over the past decade (where he freely admits missing plenty of upside).
He has a dispassionate approach to investing, relying on his discounted cashflow models which he freely shares and states his assumptions.
Tesla in November 2023: Story twists & turns, with value consequences!
Growing pains!
Includes this great chart in relation to price cuts:
(note that with current share price falling to a level that is closer to his fair value price, he also states that his model doesn’t include other potential revenue streams. Note it does include robotaxi, but doesn’t include Optimus, and doesn’t include insurance etc.)
View attachment 1011402
An initial valuation as a luxury car company? Please. Did he forget to read The Master Plan? Was it too complicated for him to understand? Did he not bother to research who Elon Musk was a person? Who J.B. Straubel was a person? You’d have to think pretty highly of yourself to do that research and come away thinking the people at Tesla were going for luxury car company.
Then even as he learned from his mistakes and made valuation adjustments, he still got it wrong because he still didn’t understood. It’s beyond his ability to understand because his knowledge, experience, and learnings fit in a particular box, and Elon doesn’t do boxes.
And not to make any mention about the years of brutal shorting to drive the company bankrupt nor the continued sheer oversized amount of options for the ticker nor the macro environment and how those things drove the SP -
He’s been bewitched by the FUD and ongoing narrative manufactured by those in control of the ticket. Simply put, he can’t be taken anymore seriously than our usual analyst suspects and he’ll be proven wrong yet again.
Remember who was right and made all these blowhards look like fools? Andrea James.
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FEERSUMENDJIN
Member
The competition is struggling to scale. Hyundai availability in Europe is hugely limiting and that is nothing to do with the charging infrastructure. Once BYD is building in Mexico however............
FEERSUMENDJIN
Member
Buckminster
Well-Known Member
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