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$10,000 bonus PER CAR that Tesla has sold in its LIFETIME.
by animex 2y ago
$10,000 bonus PER CAR that Tesla has sold in its LIFETIME.
- citizen_friend 2y agoDid everyone forget how growth valuations work? Also that amount was from a contract made in 2018.
- bunderbunder 2y agoI don't think I've ever known how growth valuations work. Sometimes I feel like the person watching the parade and wondering why nobody else is confused by the emperor's choice of attire.
- citizen_friend 2y agoTesla now sells as many cars in a year as it did in its whole lifetime up to 2018. So that’s why it was worth paying Elon that much. The current sales position is tremendous.
- svnt 2y agoThe current sales position is 1/6 of Volkswagen.
- latency-guy2 2y agoTesla outsells Volkswagen 8 - 16x.
- reitzensteinm 2y agohttps://cleantechnica.com/2024/02/06/tesla-still-1-in-world-bev-sales-2023-world-ev-sales-report/ https://cleantechnica.com/2024/02/06/tesla-still-1-in-world-... Worldwide BEV sales 2023: VW Group - 742k Tesla - 1,808k That's 2.5x, how did you get 8-16x?
- greedo 2y agoAnd if you include hybrids and ICE cars, the VW group demolishes Tesla with over 9.24M vehicles sold...
- latency-guy2 2y agoFrom the US.
- citizen_friend 2y agoThis is completely irrelevant to the original claim (it’s outrageous for elons bonus to be X percent of every previous car) or my point (nurturing exponential growth is worth burning a lot of early cash flow).
- bunderbunder 2y agoIt's one thing to say Tesla has been successful. It's quite another thing to say that Tesla's success justifies a market capitalization that is not only the highest in the auto industry, but is greater than the combined market capitalization of the second through fifth automakers. Despite being the 11th biggest by revenue. It's true that high-end carmakers seem to get a lot of goodwill valuation simply for being high-end carmakers. But normally not that much.
- deleted 2y ago[deleted]
- huhuhu111 2y agoI knew that he could have reduced the price of these cars... they should cost the same as their ICE car equivalent, or less.
- talldatethrow 2y agoThat's not how it works. His $55b isn't in cash the company has and could have just charged less for the cars.
- huhuhu111 2y agothey just charge way too much though... it's a bit like Iphones... but both are not appealing to me, specially at a premium price
- talldatethrow 2y agoIt appears that in general most legacy automakers are losing money on EVs and even plugin hybrids at this point. So I doubt there is that much profit in them currently even in the best of circumstances.
- m463 2y agostock is a separate product than a car. investors buy stocks. customers buy cars. silicon valley's product is stock.