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Electronics whiz Elon Musk is now the world's richest person

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ogden:

--- Quote from: Ed.Kloonk on January 09, 2021, 07:50:21 am ---One thing to remember is that although the initial green tech initiatives are ending their course, other car manufactures are subject to the mandating of higher taxes on cars that require fossil fuel to run. Cities such as L.A.

All other car manufactures are subject to this tariff in proportion to the number of cars sold that are smog spewers. In this regard, Tesla owners don't pay extra just to own the car.

--- End quote ---

Well... Good for EV carmakers then. Time ago many laughed about idea of "battery car" manufacturing, laughed about idea to land rocket booster. Now (same) skeptics say that Tesla and SpaceX had head-start and it is unfair to competition. Go figure :D

Halcyon:

--- Quote from: ogden on January 09, 2021, 07:17:55 am ---
--- Quote from: Halcyon on January 09, 2021, 05:58:32 am ---Tesla sells their cars at a loss. They make their money from "green" certificates in the US.

--- End quote ---
Really? Could you please provide links to resources supporting your claims? I know that Subsidies for Tesla finished at the end of 2019. TSLA reports do not show any "sell at loss" either.

--- End quote ---

Really? You didn't know this? I though this was fairly common knowledge. Tesla making a profit has nothing to do with the manufacture of vehicles. Anyone who knows anything about Tesla and their vehicles seems to know this? Those subsidies for EV still exist in the US today.

Here is a brief overview. This is not the only source of the same information either, feel free to investigate yourself.



As I said, Tesla are becoming irrelevant in the EV market. I have a Volvo sitting in the garage that does everything a Tesla can do (legally) and then some. You have real car makers like Volvo, Hyundai, Ford, VW etc... investing a lot of R&D in EV and semi-autonomous vehicles long before Tesla were a thing.

ogden:

--- Quote from: Halcyon on January 09, 2021, 08:09:19 am ---Really? You didn't know this? I though this was fairly common knowledge. Tesla making a profit has nothing to do with the manufacture of vehicles. Anyone who knows anything about Tesla and their vehicles seems to know this? Those subsidies for EV still exist in the US today.

--- End quote ---
Didn't know about Regulatory credits sales. Thanx. Same story: good for battery-car makers. FYI Tesla automotive gross margin @Q2 was 25.4% (pdf). [edit: ~17% w/o reg.credits] This is far from "selling cars at loss" as "expert" in video tries to prove. We shall take in account that profitability of whole company is set at target 1..2%, excess (including money from regulatory credits) goes into growth. Look at growth and buy some Tesla share for your kids :D [disclaimer: I am pertrolhead, far from Tesla fanboy].

tom66:

--- Quote from: ogden on January 09, 2021, 07:17:55 am ---
--- Quote from: Halcyon on January 09, 2021, 05:58:32 am ---Tesla sells their cars at a loss. They make their money from "green" certificates in the US.

--- End quote ---
Really? Could you please provide links to resources supporting your claims? I know that Subsidies for Tesla finished at the end of 2019. TSLA reports do not show any "sell at loss" either.

--- End quote ---

Yup.  It's nonsense.  Tesla has a gross margin of about 20% on every car they sell.  Less on Model 3/Y, more on Model S/X.

Most automakers would KILL for a 20% GM.

Halcyon:

--- Quote from: tom66 on January 09, 2021, 10:12:34 am ---
--- Quote from: ogden on January 09, 2021, 07:17:55 am ---
--- Quote from: Halcyon on January 09, 2021, 05:58:32 am ---Tesla sells their cars at a loss. They make their money from "green" certificates in the US.

--- End quote ---
Really? Could you please provide links to resources supporting your claims? I know that Subsidies for Tesla finished at the end of 2019. TSLA reports do not show any "sell at loss" either.

--- End quote ---

Yup.  It's nonsense.  Tesla has a gross margin of about 20% on every car they sell.  Less on Model 3/Y, more on Model S/X.

Most automakers would KILL for a 20% GM.

--- End quote ---

Would you like to link to figures? 20% on every car? That is laughable and demonstrably untrue.

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