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There is no such big story here. The estimates are somewhere around 10B $ of revenue (not profit !) per year by 2030, and that's an optimistic scenario. Base
by TheAlchemist 3y ago
There is no such big story here.
The estimates are somewhere around 10B $ of revenue (not profit !) per year by 2030, and that's an optimistic scenario. Base case scenarios are much worse. And even that hypothetical 10B$ is hardly a 'massive' revenue stream for a company projecting to sell 10 million cars by that time (I would put their chances of achieving that goal at 0.01%). As usual with Tesla - it's all about projections, hyperboles etc, while usually ignoring actual numbers (not a shot at you, just an observation).
There is a fair point to be made though, that this is a big loss for Tesla, as their charging network was pretty much the sole remaining advantage over their competition.
- grecy 3y ago> by 2030 > a company projecting to sell 10 million cars by that time At their latest investment day they very clearly said their goal is 20 million cars a year by 2030.
- TheAlchemist 3y agoYeah, but that was on the investor day - a lot of stupid things was said on that day. Like, and I quote here, "demand for our existing vehicles in terms of the desire to own them might as well be infinite"... Yeah, infinite demand for sure ! That's certainly why they were cutting prices aggressively.
- grecy 3y ago> Yeah, infinite demand for sure ! That's certainly why they were cutting prices aggressively. The Model Y is now the second best selling vehicle in the US, and the number one in the world. They're selling every single vehicle they can make, right on 2 million vehicles this year. So far, demand continues to exceed production.
- TheAlchemist 3y agoIs that true ? As far as we know, the factories are not operating at full capacity and the inventory increased considerably lately. And this is despite the price cuts.
- grecy 3y agoIndeed. https://www.topspeed.com/tesla-model-y-second-best-selling-vehicle-us/ https://www.topspeed.com/tesla-model-y-second-best-selling-v... https://www.greencars.com/news/the-tesla-model-y-is-the-best-selling-car-in-the-world https://www.greencars.com/news/the-tesla-model-y-is-the-best...