I'm not sitting in those back seats! Just tie me to the roof like a dead deer, it would be more comfortable.
Never mind, I forgot about the falcon doors, cant use the roof. That's ok, you go ahead, I'll wait for the next POD.
Kelley Blue Book recently released its list of the 10 best lease, financing and cash back deals for new cars available in August.
Chevrolet Spark EV maintains its strong place, ranked third with an extraordinary lease deal at $0 due at signing and $138 a month for 39 months.
That’s $5,382 for using a brand new car for over three years. And as Kelley Blue Book notes, Chevrolet Spark EV is using 100% less gas than the regular version, so the savings could be significant.
MSRP with destination charge is $25,995 ($18,495 after tax credit), although KBB states $23,598 as a fair purchase price.
Chevy has the Bolt which will go into production Q4 2016 and the all new 2016 Volt.
Tesla has more to worry about every week it seems.
Warren and Carl at breakfast were both saying they werent doing anything today until they found out your position on the China situation.
I'm here in the northeast, and I see Toyotas holding up pretty well despite the salt used in winter.
Where are you seeing undercarriages prematurely rusting on Toyotas?
Also, what is IBS? Irritable Brake Syndrome?
So? Everyone loved the Musk story, but its just a story without a happy ending.
Tesla would collapse even if shorting was not allowed. It might take a little longer, but its inevitable.
Good point, Alphabet will be involved in the higher risk businesses.
Wonder what surprises they have in store.
Cash burn in this case is the correct term. Musk has chosen a riskier course than needed for Tesla. He has neglected the core business to pursue distraction such as the gigafactory and energy storage.
The gigafactory is not needed as demonstrated by battery prices falling and advancements proceeding due to the numerous battery manufacturers already in this market. The lack of need is further demonstrated by the difficulty Tesla has had in finding partners for the gigafactory.
Energy storage is a total joke due to numerous already established companies already serving that market. Margins in this competitive arena will be very thin.
Cash burn is the correct term since Musk is being reckless. The market is starting to see what a house of cards
Musk is allowing Tesla to become.
Really not fair. Getting mugged by something he cant see.
As a trade, probably short term. Put stops in already, as I'm still bearish long term.
Figured the automated wallsnake had to be worth a spike.
Love the over-corrections in both directions on this stock.
Ok, you were mistaken, big of you to admit it.
Didnt think it was possible that Tesla could have much greater margin than Porsche. Porsche has always been very envied for their margins.
Also, its very hard to compare a lot of things with Tesla vs the major auto makers, as Tesla deals with financials a little differently.
Tesla defines gross margin in a way that ignores the true cost of designing and manufacturing its cars.
When this deceptive methodology is corrected we can see that the company's true gross margins are awful.
Elon Musk's "gross margin benchmark" of Porsche may as well be on Musk's beloved planet Mars relative to where Tesla's margins are.
... digging beneath the surface we can see that if Tesla calculated its gross margin the way other auto manufacturers do that figure would be massively lower, and benchmarked on equal footing with Elon Musk's target of Porsche the two companies aren't even (metaphorically speaking) on the same planet, nor will they be at any time in the foreseeable future.
The reason Tesla's self-defined gross margin is completely illegitimate is that the company excludes 100% of its R&D and engineering costs from its "cost of automotive revenues" (roughly equivalent to "COGS") line, something done by NO other auto maker in the world. To put this into perspective, developing a new car model these days is estimated to cost at least $1 billion in R&D/engineering and that's regardless of whether that model is in its first generation (i.e., Tesla's "Model S" or "Model X") or is a brand-new version of a long-established model (i.e., the "All New 2015 Mercedes S-Class" or the "Brand New 2017 BMW 7-Series"). In other words, in the highly competitive international auto industry it costs massive and continual amounts of money to be competitive and that spending never stops or even slows down.
Stanphyl Capital Management
I thought you said Tesla made 5 to 6 times gross profit as much as any other carmaker?
Really? 5-6 times higher than any other ?
I see someone already asked you for a source,
I'll second that.