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An amazing achievement. For reference, Toyota produced 10 million cars last year.
by ripper1138 3y ago
An amazing achievement. For reference, Toyota produced 10 million cars last year.
- deleted 3y ago[deleted]
- hackernewds 3y agowhy is it amazing? the govt gives Tesla billions in taxpayer money and carbon offset $, which is both 100% margin.
- yuppie_scum 3y agoSeems like the conversation is about the number of cars it produces, not revenue or profits.
- toomuchtodo 3y agoAny automaker is eligible for those subsides if they sell EVs (with a bonus based on US content). Their lack of will or ability to deliver is all that holds them back. Sell EVs if you want government support. I am unwilling to argue the merit of EV subsidies, that conversation has no value. It’s amazing because Tesla built an EV that is wildly in demand roughly around the price of the average new car accounting for subsides. The Model Y was the best selling car globally last quarter, beating out Toyota. https://electrek.co/2023/05/25/tesla-model-y-is-now-the-worlds-best-selling-car-first-ev-to-do-so/ https://electrek.co/2023/05/25/tesla-model-y-is-now-the-worl...
- 7e 3y agoTesla holds special government status in China that other non-domestic car companies do not have.
- deleted 3y ago[deleted]
- seanmcdirmid 3y agoTesla makes their Chinese EVs in China and sources most of its supplies there. Almost all other foreign car companies in China are 51-49 join ventures (with 51 being the Chinese partner's controlling share) so they are also eligible for those subsidies.
- boboche 3y agoI don’t get Why the hate and easy one liners like this, when Tesla refunded the only gov lease they got with interests while all legacy are digging their deficit further, the rest is equal grounds for all manufacturer to compete. American should be proud and supportive for any local company actually dedicated to quit fossil fuels or anything about not relying on another country.
- 7e 3y agoTesla relies on China for its growth, as well as a big chunk of its batteries.
- andreygrehov 3y agoThe entire world relies on China. That’s not an argument.
- nyokodo 3y agoThe post they were responding to said “not relying on another country” so pointing out Tesla’s reliance on China is a contrary argument. In fact the supply chain for EVs is even more complex than that. China has a huge hyper-financed chokehold on many processing steps but the raw materials come from across the globe. On the other hand, ICE vehicles have a relatively simple supply chain so it’s a big weakness that EVs currently have and well worth pointing out.
- ggm 3y ago> On the other hand, ICE vehicles have a relatively simple supply chain Relatively simple == simpler, but I would point out it's brittle because just-in-time hyperoptimisations sucked it dry of spare capacity. Stocks of EMS microchips held up production. Most of a car outside of ICE/EV differences are the same inputs, same supply chain. Tesla's stamped bodyparts require metal billets the same way normal auto car body panel stampers do. Inside of ICE/EV differences Tesla runs flow processes to make batteries close to site. The input supply chain for batteries is pretty simple. I am not sure I would say the supply chain behind a fuel injection system is as simple, it has mechanical and electromechanical and electronic parts in profusion. Lots of points of brittleness.
- stetrain 3y agoThese are available to any manufacturer that invests in producing EVs.
- panick21_ 3y agoThe government has rules about air quality. Companies that can't match those rules have to pay other companies that do match those rules money. Its not money from the government. If other companies are to dumb and incompetent to make their cars follow emissions regulation, then that's their own fault.
- shusaku 3y agoIt really makes me think an electric car future is going to happen. This possibility was dismissed all my life (“what about road trips?) but the demand is there.
- willio58 3y agoThat dismissal held some water until we hit a point where batteries were cheap enough, high capacity enough, and there were enough chargers. We’re still just at the beginning. In 10 years it’ll all be much better
- baron816 3y agoWe’ve known for a while now that it was going to happen, right? And that all those countries that are committed to phasing out ICE cars by 2035 are being way too conservative. Isn’t it estimated that within a year or two, you’re going to have to pay a premium just to purchase an ICE car? And that premium is just going to keep growing as battery costs continue to shrink.
- SirMaster 3y agoGod I hope it's not that soon. There's like nowhere to charge an electric car near me. They really need to work on charging infrastructure before they convince me to buy an electric car. And the cost still needs to come way, way down. It seems like every electric car that has any decent range is a luxury car. I don't want a luxury car, I just want a super basic cheap car to get me from point a to point b.
- arc4n0n 3y agoyou only charge on road trips. Charging at home has no analogue with gas cars... It's just something that's intrinsically better about EVs
- SirMaster 3y agoI have no way to charge at home though, being in an apartment. I don't plan to change that any time soon. I am certainly not changing where I live just for my car when a gas car works fine.
- Mistletoe 3y agoI’m glad you bring up Toyota’s production numbers because they show how absurd Tesla’s stock valuation is for this 1/5 of Toyota’s production. Tesla stock P/E ratio 261. Toyota stock P/E ratio 10.6.
- NotYourLawyer 3y agoYes, share price is based on expectations rather than last year’s results.
- qaq 3y agoIf you think it's absurd you can always short it
- rootusrootus 3y agoYeah, the people who shorted TSLA in the past 18 months did pretty great. It remains a solid strategy.
- vardump 3y agoCherry picking dates can make any company look like an excellent short.
- rootusrootus 3y agoOkay. If you shorted it 24 months ago you are still ahead.
- brianwawok 3y agoNow do the math with 48 months
- spikels 3y agoOr 6
- 7e 3y agoBYD is on track to beat Tesla after an amazing June: https://www.forbes.com/sites/russellflannery/2023/07/02/warren-buffett-backed-ev-maker-byds-sales-nearly-doubled-in-june/?sh=4b214e7d41bd https://www.forbes.com/sites/russellflannery/2023/07/02/warr...
- sheepscreek 3y agoThat is phenomenal. Exponential growth of anything at this scale is unheard of. That too when Toyota is struggling to deliver Hybrid vehicles in my area (> 2y wait time).