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Are they doing well? For example Toyota sells 5x as many cars, but has 1/5th the market cap. Low sales but high market cap is normally a dangerous situation to

by _yb2s 2y ago

Are they doing well? For example Toyota sells 5x as many cars, but has 1/5th the market cap. Low sales but high market cap is normally a dangerous situation to be in unless you're sure you have some massive tech advantage that will keep you growing fast. Tesla sales leveled off a few years ago, and now show no indication of ever catching up with the other car companies. At first they were way ahead technology wise with the first really practical EVs on the market, but seem to be falling behind fast. For example Porsche/VW/Audi released 800v production cars 4 years before Tesla did- and those cars still beat all of the S models on a real track with way lower paper specs. Waymo/Google has self driving tech that works demonstrably way better than Teslas. The offroad vehicle/traction systems on the Cybertruck don't work as well as any of the established 4x4 companies products- or for that matter even any of the 20 year old high end SUVs like a Porsche Cayenne or a Land Cruiser. What is their advantage that justifies the insanely high evaluation with low sales?

simonsarris 2y ago
> Are they doing well? For example Toyota sells 5x as many cars, but has 1/5th the market cap. Low sales but high market cap is normally a dangerous situation to be in unless you're sure you have some massive tech advantage that will keep you growing fast. I think 15 billion profit on 97 billion revenue is doing pretty well. Ford is 4b profit on 176b revenue. VW is 16bn on 322. > Tesla sales leveled off a few years ago 2024 is the first year since 2011 with a decline (a 1.1% decline), each year prior saw a considerable increase.
- ac29 2y ago
  > I think 15 billion profit on 97 billion revenue is doing pretty well. These are 2023 numbers, in Teslas latest quarter net profit margin has fallen by nearly half vs 2023 (8.6% vs 15.5%)
whamlastxmas 2y ago
Show me any non-Tesla that drives itself 100% of the way to my destination, any destination, from my garage without intervention. My Tesla does this literally daily and I can’t accept that they’re behind in tech when this is the case

by _yb2s 2y ago

simonsarris 2y ago

> Are they doing well? For example Toyota sells 5x as many cars, but has 1/5th the market cap. Low sales but high market cap is normally a dangerous situation to be in unless you're sure you have some massive tech advantage that will keep you growing fast. I think 15 billion profit on 97 billion revenue is doing pretty well. Ford is 4b profit on 176b revenue. VW is 16bn on 322. > Tesla sales leveled off a few years ago 2024 is the first year since 2011 with a decline (a 1.1% decline), each year prior saw a considerable increase.

ac29 2y ago
> I think 15 billion profit on 97 billion revenue is doing pretty well. These are 2023 numbers, in Teslas latest quarter net profit margin has fallen by nearly half vs 2023 (8.6% vs 15.5%)

whamlastxmas 2y ago

Show me any non-Tesla that drives itself 100% of the way to my destination, any destination, from my garage without intervention. My Tesla does this literally daily and I can’t accept that they’re behind in tech when this is the case