They've almost tripled vehicle deliveries in the past three years. They're not far off what they need for profitability. Don't forget that Amazon was losing money or barely making any for much longer.
They've almost tripled vehicle deliveries in the past three years. They're not far off what they need for profitability. Don't forget that Amazon was losing money or barely making any for much longer.
Amazon can sell to anyone. Tesla has a very limited market.
Amazon also didn't billions in tax incentives to waste either.
Not Musk not Besos wrote:
Amazon can sell to anyone. Tesla has a very limited market.
and . . . ? Not sure what you are trying to say - of course amazon can sell a wide range of products for a wide range of profit, how does that have anything to do with the economic viability of automobile manufacturing?
Although Amazon and Tesla seem to compare in terms of favoring aggressive growth and reinvestment, that has nothing to do with their target market/customer/volume
zcxvxcv wrote:
They've almost tripled vehicle deliveries in the past three years. They're not far off what they need for profitability. Don't forget that Amazon was losing money or barely making any for much longer.
What does Amazon have to do with Tesla?
Tesla Inc is not producing enough Model 3s per shift to reach the 5,000 per week target that Chief Executive Officer Elon Musk said it would reach by Saturday, three line workers at the company's Fremont, California, assembly plant told Reuters this week.
The company was able to assemble and paint 210 Model 3s during the first of two 12-hour shifts on Wednesday, one worker told Reuters.
On one of two Monday shifts, the company produced 305 of the vehicles, another worker told Reuters. The number of vehicles assembled per shift is displayed for line workers in the plant.
The company is running two 12-hour shifts per day every day this week on the Model 3, the two workers who provided the production figures said. If the company produces 300 Model 3 vehicles during all 14 shifts, it would produce 4,200 cars for the week.
“Paint can’t handle the load right now because they have the Model S and X that they normally do and now they have all these Model 3s,” the worker told Reuters. “The paint department just can’t keep up.”
“Basically we have been in a long endurance race, and now the coach is yelling at us for a 4-mile finishing kick,” said one employee at the company’s Gigafactory near Reno, Nevada, where batteries for the Model 3 are made.
You must’ve missed the one day in your school your teacher taught you about macro and micro economics.
The market for Amazon is unlimited whereas Tesla is trying to thread a needle in an industry that has never been a success.
Logic lacts logic wrote:
You must’ve missed the one day in your school your teacher taught you about macro and micro economics.
The market for Amazon is unlimited whereas Tesla is trying to thread a needle in an industry that has never been a success.
not an economics major here, but wasn't the market for Apple pretty narrow awhile back?
"First they ignore you, then they laugh at you, then they fight you, then you engage in blatant market manipulation by buying your own stock on margin in illiquid pre market trading to force options market makers to buy at the open to cover Deltas, then you win” - Elon Musk"
H/T @SuperMugatu
I'm surprised more people don't want to buy self crashing cars that charge from coal fired electric power plants.
Amazon didn't make enemies out of everyone and blamed their customers for their cars crashing themselves or spontaneously catching fire. Musk is killing his own market. Who wants a Tesla when there are way better brands out their who don't lie like Tesla and Musk does?
I'm fascinated by the Tesla short idea but this guy did build a new type of rocket and is clearly innovative.
zcxvxcv wrote:
They've almost tripled vehicle deliveries in the past three years. They're not far off what they need for profitability. Don't forget that Amazon was losing money or barely making any for much longer.
Counterargument to shorts is who cares if he makes whatever it is 5,000 cars a month 6 months or go or a year from now. That is the short term. If in the long term, he can make what is needed he will get the liquidity he needs.
And for the record Amazon still doesn't make that much compare to an Apple (I'm a guy who owned amazon stock when it was under $10).
Not Musk not Besos wrote:
Amazon can sell to anyone. Tesla has a very limited market.
If he can make great cars at $35,000 what's wrong with that market? Long-term I'd think driverless however does reduce the need for more cars.
Vox: Electric vehicles are gaining momentum, despite Trump
https://www.vox.com/energy-and-environment/2018/6/26/17500074/electric-vehicles-evs-zevs-fuel-trump
Yes his rocket company is proving to be a success, but outside of co-mingling funds from that company with his FAILED solar company and his FAILING Tesla, they have nothing in common.
You should have emphasized the word ‘if’ he can build the $35k car...because right now he’s only surviving thanks to his dumping of his state tax credits at 35 cents on the dollar.
I don't understand the hype and amazement at Tesla scraping together and overworking it's workforce to barely produce 5000 Tesla 3's in a week whilst riding the government grants etc.
Musk is making this out to be some great success never seen, but meanwhile Nissan has been producing 250,000 Leafs a year since 2013, a very similarly marketed midrange electric car. Tesla is pulling two 12 hour shifts a day struggling to reach that production rate for one single week.
Milestone, 5 hours too LATE wrote:
https://www.reuters.com/article/us-tesla-model3-exclusive/exclusive-tesla-hits-model-3-manufacturing-milestone-hours-after-deadline-factory-sources-idUSKBN1JR1WX
5000 cars in a week?
Others do that within hours.
I will never understand the hype about Musk. He has obviously no clue about car manufacturing.