5 ms·

> if Trump is elected and does cancel EV subsides as he says he will do, Tesla is dead You know that Tesla operates outside the US as well, right? Where 95% of

> if Trump is elected and does cancel EV subsides as he says he will do, Tesla is dead You know that Tesla operates outside the US as well, right? Where 95% of the worlds population live?

cactusplant7374 3y ago
And they face fierce competition from BYD. Things are not getting any easier despite Musk saying "legacy" can't keep up.
- simondotau 3y ago
  BYD isn’t legacy.
  - cactusplant7374 3y ago
    Musk isn't talking about BYD as legacy.
    - simondotau 3y ago
      Musk isn’t saying BYD can’t keep up.
- deleted 3y ago
  [deleted]
TheAlchemist 3y ago
I know, yes. But US still account for a very big share of their revenues. Check what happens to Tesla sales when countries cut EV subsides. New Zealand did it in January. Here is the data: https://evdb.nz/ev-stats https://evdb.nz/ev-stats The truth is, without subsides, Tesla would sell a fraction of what it does now, and it would certainly not be profitable (hell, it probably won't be profitable in 2024, even with the subsides !).
- nebula8804 3y ago
  But at the same time, tear downs of their cars show they have healthy 30% margins when their competitors are selling their EVs often at a loss. Their current balance sheet looks much better than their competitors given the assets that they have for the EV transition. If governments are serious about transitioning to EVs then either they kick the other car companies into gear or accept that Tesla(and the Chinese) will be the only real serious players.
decafninja 3y ago
His 'stans and TLSA uber-bulls insist Tesla is no longer a car company but an AI one. So they probably don't care anymore. I know some uber-bulls have long insisted Tesla stop selling cars to the public so they can be horded for the imminent Robotaxi fleet that will soon be deployed en masse by 2020.

5 ms·

> if Trump is elected and does cancel EV subsides as he says he will do, Tesla is dead You know that Tesla operates outside the US as well, right? Where 95% of

by averageRoyalty 3y ago

> if Trump is elected and does cancel EV subsides as he says he will do, Tesla is dead You know that Tesla operates outside the US as well, right? Where 95% of the worlds population live?

cactusplant7374 3y ago
And they face fierce competition from BYD. Things are not getting any easier despite Musk saying "legacy" can't keep up.
- simondotau 3y ago
  BYD isn’t legacy.
  - cactusplant7374 3y ago
    Musk isn't talking about BYD as legacy.
    - simondotau 3y ago
      Musk isn’t saying BYD can’t keep up.
- deleted 3y ago
  [deleted]
TheAlchemist 3y ago
I know, yes. But US still account for a very big share of their revenues. Check what happens to Tesla sales when countries cut EV subsides. New Zealand did it in January. Here is the data: https://evdb.nz/ev-stats https://evdb.nz/ev-stats The truth is, without subsides, Tesla would sell a fraction of what it does now, and it would certainly not be profitable (hell, it probably won't be profitable in 2024, even with the subsides !).
- nebula8804 3y ago
  But at the same time, tear downs of their cars show they have healthy 30% margins when their competitors are selling their EVs often at a loss. Their current balance sheet looks much better than their competitors given the assets that they have for the EV transition. If governments are serious about transitioning to EVs then either they kick the other car companies into gear or accept that Tesla(and the Chinese) will be the only real serious players.
decafninja 3y ago
His 'stans and TLSA uber-bulls insist Tesla is no longer a car company but an AI one. So they probably don't care anymore. I know some uber-bulls have long insisted Tesla stop selling cars to the public so they can be horded for the imminent Robotaxi fleet that will soon be deployed en masse by 2020.