3 ms·
Touché - So I say to purchasers of gas and oil: You're also welcome. All that being said, I find these comparisons silly. Tesla is riding the hype machine, and
by josefresco 2y ago
Touché - So I say to purchasers of gas and oil: You're also welcome.
All that being said, I find these comparisons silly. Tesla is riding the hype machine, and discounting products like crazy to grab market share. Toyota is stable, mature and playing an entirely different strategy.
- Maxatar 2y agoBut that argument also doesn't hold since Tesla makes a significantly higher profit per vehicle than Toyota. Tesla's profit margins are about 12%, whereas Toyota's are about 5-7%. If what you're claiming were true you'd expect Tesla to be selling at close to a loss in order to gain market share, but they are selling their product at a pretty comfortable profit.
- josefresco 2y agoYou're right, maybe Tesla will be Apple (higher profit) whereas Toyota will be Android (higher volume). >Wall Street expects automotive gross margin excluding regulatory credits to be 15.2%, according to 20 analysts polled by Visible Alpha, down from 19% a year earlier and the lowest since the fourth quarter of 2017. *https://www.reuters.com/business/autos-transportation/tesla-expected-post-lower-profit-margin-amid-doubts-growth-product-strategy-2024-04-22/ https://www.reuters.com/business/autos-transportation/tesla-...