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11-12-2023, 09:44 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,360
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Elon Musk started a price war that Tesla can't win
Elon Musk started a price war that Tesla can't win
https://www.businessinsider.com/elon...rategy-2023-11
Is this "genius" all bluster? I won't need a new car until at least 2027 (my cars always last at least 10 years), at which point I hope Toyota's solid state batteries are proven. I'll not be buying a Tesla, ever.
Quote:
Lower prices are not translating into higher sales. The number of cars Tesla delivered to customers in the third quarter actually declined. Revenue is dropping, and the company's once fat profit margins are getting squeezed — down to 17.9% in the third quarter, compared with 25.1% a year ago. Competitors aren't being driven out of business, either. Once totally dominant in the EV space, Tesla's share of the US market has fallen from 62% at the beginning of the year to only 50% today.
To make matters worse, the public's appetite for EVs isn't growing as fast as automakers expected. That means Tesla has set off a protracted battle for a piece of a pie that's growing crumb by crumb.
"If you do the price war, you have to make sure you have enough volume to increase and maintain profitability," John Zhang, a professor of marketing at the Wharton School, said. "It has to be a continuous battle. This war you have to wage all the way. And you need to plan ahead. That's how you win."
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__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-15-2024, 11:54 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,360
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Tesla layoffs an 'ominous sign' for the company, analyst says
A staff layoff of over 10% is an "unfortunately necessary move for Tesla," Wedbush's Dan Ives added.
https://finance.yahoo.com/news/tesla...153652031.html
This buffoon's loud mouth has cost him a whole lot of customers.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-15-2024, 12:54 PM
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Jigsawed
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Join Date: May 2009
Posts: 10,580
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Just bad mouthing Elon!
What is missing...Americans cannot afford cars/trucks at the prevailing prices.
The American consumer is maxed out. Debt rides the highways.
That is why there is great fear of Chinese going to Mexico to build cars...$16,000 dollar cars.
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04-15-2024, 03:56 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,360
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Quote:
Originally Posted by Dondilion
Just bad mouthing Elon!
What is missing...Americans cannot afford cars/trucks at the prevailing prices.
The American consumer is maxed out. Debt rides the highways.
That is why there is great fear of Chinese going to Mexico to build cars...$16,000 dollar cars.
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Henry Ford built cars that the average person could afford. Elon targeted wealthy liberals. Not smart. His Cybertruck is a joke.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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04-15-2024, 04:47 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,913
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Quote:
Originally Posted by Dondilion
Just bad mouthing Elon!
What is missing...Americans cannot afford cars/trucks at the prevailing prices.
The American consumer is maxed out. Debt rides the highways.
That is why there is great fear of Chinese going to Mexico to build cars...$16,000 dollar cars.
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A bigger issue is that Tesla once was a niche product, largely bought in the US by wealthy liberals. Now nearly every vehicle manufacturer has multiple EV models and those manufacturers haven't alienated their potential buyers by embracing far-right ideology and conspiracy theories.
As for Mexico, pretty much all the big manufacturers (Ford, GM, Chrysler, Nissan, Volkswagen) have a significant presence there already. And the Tesla's Cybertruck makes one wonder if Elon is still serious about making desirable vehicles.
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As long as the roots are not severed, all will be well in the garden.
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04-16-2024, 07:57 AM
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Senior Member
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Join Date: Jul 2020
Posts: 183
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Quote:
Originally Posted by finnbow
A bigger issue is that Tesla once was a niche product, largely bought in the US by wealthy liberals.
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A fact seemingly not noticed by Elon Musk, who has gone out of his way to piss off wealthy liberals.
I have no delusions that many if not most company CEOs are conservatives, but most have the common sense to keep it somewhat low key.
Last edited by Human; 04-16-2024 at 08:30 AM.
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04-16-2024, 08:02 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,913
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Quote:
Originally Posted by Human
A fact seemingly not noticed by Elon Musk, who has gone out of his way to piss off wealthy liberals.
I have no delusions that many if not most company CEOs are conservatives, but most have the common sense to keep it somewhat low key.
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Being a conservative titan of industry is normal, expected and non-controversial. Being a conspiracy-addled, delusional fanboy of authoritarianism, racism and anti-Semitism while praising Putin (i.e., an outspoken MAGAt) is something else altogether.
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As long as the roots are not severed, all will be well in the garden.
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04-16-2024, 08:32 AM
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Senior Member
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Join Date: Jul 2020
Posts: 183
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Quote:
Originally Posted by finnbow
Being a conservative titan of industry is normal, expected and non-controversial. Being a conspiracy-addled, delusional fanboy of authoritarianism, racism and anti-Semitism while praising Putin (i.e., an outspoken MAGAt) is something else altogether.
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Yes, conservative ≠ MAGA wingnut.
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04-16-2024, 07:27 PM
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Senior Member
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Join Date: Oct 2019
Location: South of KC, Kansas
Posts: 1,443
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There is a battery technology that will be hitting consumer markets sometime within 10 years. It's pretty amazing, but I can't talk about it.
I'm not familiar with Toyota's solid state batteries. It may be similar, or the same thing.
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04-17-2024, 07:18 AM
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Senior Member
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Join Date: Jul 2020
Posts: 183
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Quote:
Originally Posted by BigElCat
There is a battery technology that will be hitting consumer markets sometime within 10 years. It's pretty amazing, but I can't talk about it.
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I call bullshit on you having knowledge of future battery technology that is not common knowledge.
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