5 ms·

I don't follow Musk closely, but his ventures seem pretty interesting. I mean who isn't impressed with those self landing rocket boosters from SpaceX (obviously

I don't follow Musk closely, but his ventures seem pretty interesting. I mean who isn't impressed with those self landing rocket boosters from SpaceX (obviously he has teams of engineers and to make this happen) Periodically, I remember that Tesla has not be profitable for more than a few quarters. And I end up wondering what is the end goal. I get that you can perpetually raise money as long as you find investors. This might not be the right place to post this question: In the long run, what is the plan for making money at Tesla?

derwiki 6y ago
Selling ads /s
dontreact 6y ago
The company is driven by the mission to accelerate the world's transition to sustainable energy. Since that transition hasn't happened yet, taking profit slows that mission. So their goal is to eventually look like one of the world's largest energy companies in terms of making money. https://en.wikipedia.org/wiki/List_of_largest_energy_companies https://en.wikipedia.org/wiki/List_of_largest_energy_compani...
- clouddrover 6y ago
  > The company is driven by the mission to accelerate the world's transition to sustainable energy That's just marketing. If it were genuinely the company's mission then Tesla's chargers would be open to all EVs to use. Other charging networks open their chargers to all EVs, including Tesla EVs. So why won't Tesla do the same?
  - dontreact 6y ago
    EVs are a small step. They are focused on building factories that produce more battery capacity as quickly as possible. Giving away electricity does not help with this.
    - fomine3 6y ago
      So Tesla hopes dominating battery market rather than "accelerate the world's transition to sustainable energy"?
    - clouddrover 6y ago
      They don't have to give away electricity. They can charge money for it like the other charging networks do. The main problem is that they refuse to charge any non-Teslas at all.
- new_realist 6y ago
  Is that why they sell pollution credits to the highest bidder, undoing all of the environmental benefits from buying their cars?
  - dontreact 6y ago
    If the money goes into bringing forward the transition of our energy system forward enough, then doing this with the credits might be the way to go.
  - oldsklgdfth 6y ago
    "the road to hell is paved with good intentions"
kanox 6y ago
> In the long run, what is the plan for making money at Tesla? Their strategy has been to sell increasingly cheaper/higher volume models and it's working. It's just that their production is still very small by car company standards so economies of scale are still limited. Right now they just need to scale up production which is why Elon pushed so hard to reopen the factory.
rcMgD2BwE72F 6y ago
Tesla now has the best operating margins of the industry. The net income will explode as the sales of Model Y will increase and exceed those of the 3. They haven't even started making semi and pickup trucks.

derwiki 6y ago

Selling ads /s

dontreact 6y ago

The company is driven by the mission to accelerate the world's transition to sustainable energy. Since that transition hasn't happened yet, taking profit slows that mission. So their goal is to eventually look like one of the world's largest energy companies in terms of making money. https://en.wikipedia.org/wiki/List_of_largest_energy_companies https://en.wikipedia.org/wiki/List_of_largest_energy_compani...

clouddrover 6y ago
> The company is driven by the mission to accelerate the world's transition to sustainable energy That's just marketing. If it were genuinely the company's mission then Tesla's chargers would be open to all EVs to use. Other charging networks open their chargers to all EVs, including Tesla EVs. So why won't Tesla do the same?
- dontreact 6y ago
  EVs are a small step. They are focused on building factories that produce more battery capacity as quickly as possible. Giving away electricity does not help with this.
  - fomine3 6y ago
    So Tesla hopes dominating battery market rather than "accelerate the world's transition to sustainable energy"?
  - clouddrover 6y ago
    They don't have to give away electricity. They can charge money for it like the other charging networks do. The main problem is that they refuse to charge any non-Teslas at all.
new_realist 6y ago
Is that why they sell pollution credits to the highest bidder, undoing all of the environmental benefits from buying their cars?
- dontreact 6y ago
  If the money goes into bringing forward the transition of our energy system forward enough, then doing this with the credits might be the way to go.
- oldsklgdfth 6y ago
  "the road to hell is paved with good intentions"

kanox 6y ago

> In the long run, what is the plan for making money at Tesla? Their strategy has been to sell increasingly cheaper/higher volume models and it's working. It's just that their production is still very small by car company standards so economies of scale are still limited. Right now they just need to scale up production which is why Elon pushed so hard to reopen the factory.

rcMgD2BwE72F 6y ago

Tesla now has the best operating margins of the industry. The net income will explode as the sales of Model Y will increase and exceed those of the 3. They haven't even started making semi and pickup trucks.