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There are no fundamentals justifying valuations of most multi-trillion dollar US companies, and yet here we are. Also, Tesla is currently the only US company th

by ein0p 2y ago

There are no fundamentals justifying valuations of most multi-trillion dollar US companies, and yet here we are. Also, Tesla is currently the only US company that figured out how to make EVs profitably. And one of the very few in the world. All the remaining companies able to profitably make EVs are in China, which we for some reason must "contain" somehow.

tzs 2y ago
Toyota could probably make a profitable EV by just taking their Prius and RAV4 PHEVs and omitting the ICE engine and using that space for more batteries, replacing the charger with one that can handle higher power, and tweaking the software.
- ein0p 2y ago
  Coulda woulda. Let me know when that actually happens. So far their EV strategy has been an utter and complete failure.
johnnyanmac 2y ago
>Also, Tesla is currently the only US company that figured out how to make EVs profitably. That's not really true these days and hence part of the grift. Early Tesla was only profitable because they were first to market and had huge subsidies to take advantadge of. It's no coincidence that Musk started moving right as Trump took his first office and was clearly antagonizing EV tax credits (as he does now). Meanwhile, in the 2020's TSLA isn't profitable from cars. It's from BTC and some weird loophole I don't fully understand letting them amortize that value for multiple years.
- ein0p 2y ago
  Citation needed. In 2024 Tesla reported average margins of about 20%, excluding all that. I get it, you don't like Musk, but let's not get carried away here.
  - johnnyanmac 2y ago
    https://www.cnbc.com/2025/01/29/tesla-reports-600-million-profit-boon-from-digital-assets-rule-change.html https://www.cnbc.com/2025/01/29/tesla-reports-600-million-pr... Nothing I said was really opinion here. How about you cite how they excluded the crypto and got 20% profit margins if you're going to simply ask for sources and call me biased? I don't exactly trust Hollywood accounting knowing the above story.
    - ein0p 2y ago
      You're trying to weasel out of this, which I will not allow. I specifically said that they make profit in their car business _even excluding_ all the other things. They do carry forward prior losses, of course, of which they had a massive amount, and reduce their tax obligations to near zero with them, but they are profitably building EVs. Why? Because they are vertically integrated, and they also build their own batteries, like e.g. BYD.

by ein0p 2y ago

tzs 2y ago

Toyota could probably make a profitable EV by just taking their Prius and RAV4 PHEVs and omitting the ICE engine and using that space for more batteries, replacing the charger with one that can handle higher power, and tweaking the software.

ein0p 2y ago
Coulda woulda. Let me know when that actually happens. So far their EV strategy has been an utter and complete failure.

johnnyanmac 2y ago

>Also, Tesla is currently the only US company that figured out how to make EVs profitably. That's not really true these days and hence part of the grift. Early Tesla was only profitable because they were first to market and had huge subsidies to take advantadge of. It's no coincidence that Musk started moving right as Trump took his first office and was clearly antagonizing EV tax credits (as he does now). Meanwhile, in the 2020's TSLA isn't profitable from cars. It's from BTC and some weird loophole I don't fully understand letting them amortize that value for multiple years.

ein0p 2y ago
Citation needed. In 2024 Tesla reported average margins of about 20%, excluding all that. I get it, you don't like Musk, but let's not get carried away here.
- johnnyanmac 2y ago
  https://www.cnbc.com/2025/01/29/tesla-reports-600-million-profit-boon-from-digital-assets-rule-change.html https://www.cnbc.com/2025/01/29/tesla-reports-600-million-pr... Nothing I said was really opinion here. How about you cite how they excluded the crypto and got 20% profit margins if you're going to simply ask for sources and call me biased? I don't exactly trust Hollywood accounting knowing the above story.
  - ein0p 2y ago
    You're trying to weasel out of this, which I will not allow. I specifically said that they make profit in their car business _even excluding_ all the other things. They do carry forward prior losses, of course, of which they had a massive amount, and reduce their tax obligations to near zero with them, but they are profitably building EVs. Why? Because they are vertically integrated, and they also build their own batteries, like e.g. BYD.