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clitcox t1_j5xw43w wrote

I'm organising my crayons for how tasty they are frens.

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[deleted] t1_j5yizcf wrote

Is it down like 63 percent from its peak

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Robincapitalists t1_j5zfbba wrote

I think it's down even more haha.

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[deleted] t1_j5zfugl wrote

I’m buying puts next quarter. I think many people are pissed and holding off from buying Teslas since the dropped their prices in some places.

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Jimmyking4ever t1_j605v07 wrote

Here I thought it was because they wanted to sell all the cool parts of the Tesla as a monthly subscription

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Miserable_Top3497 t1_j5zmozy wrote

Q1 will be nuts due to price cuts and model y qualifying for the EV incentives. Sale will be through the roof imo

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Robincapitalists t1_j5zp8gi wrote

Maybe. We're seeing erosion of the brand in statistical data, people's financial circumstances are different than 2020, 2021, 2022, competitors rising (in Europe, China where other EVs are available, Tesla's share has been obliterated), backlog is gone.

Even if they sell a lot. Might be net down earnings on lowered margins.

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Miserable_Top3497 t1_j5zxc07 wrote

I thought they were able to bring cost down on model 3/y production. The price drops are significant with 7.5k EV incentive included on the model Y. Also, Europe best selling car has been model 3/y, I don’t see things slowing down there.

Despite the financial circumstances, Q3/Q4 have exceeded expectations. Q1 sales numbers will be higher with affordability . Also, this is speculation but their next car will be a compact cheaper alternative.

Competition is no where near, I rarely see a ford lighting, Mach-e or ioniq 5 because of their production being sub-par

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Robincapitalists t1_j605z4y wrote

>Also, Europe best selling car has been model 3/y, I don’t see things slowing down there.

Their market share rapidly declined in Europe. My point about that would be, the expectation that Tesla will continue forever growing 50% is wrong and it's likely to see a big leg down on the rate soon.

> Despite the financial circumstances, Q3/Q4 have exceeded expectations. Q1 sales numbers will be higher with affordability . Also, this is speculation but their next car will be a compact cheaper alternative.

They beat lowered estimates. And only by 5-6% (far lower than the average 20-25% beats they've had for a long time).

Next car? Tesla's pipeline is a clear weakness. In that, they don't have one.

> Competition is no where near, I rarely see a ford lighting, Mach-e or ioniq 5 because of their production being sub-par

Tesla market share dropped from 74 to 65% in US in 2022. By 2025 year end it will be less than 25%.

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Dozekar t1_j5zyvo8 wrote

> I thought they were able to bring cost down on model 3/y production.

This has been claimed but no meaningful substantiation has been provided. It is equally likely that they are just taking the L.

> Competition is no where near, I rarely see a ford lighting, Mach-e or ioniq 5 because of their production being sub-par

That doesn't mean the competition isn't seeing rapid growth and sales, this just means they don't have rapid growth and sales in the past. This is mistaking rate of change for raw numbers. Raw numbers are still good for tesla, but growth is rate of change, not current values.

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Sdubbya2 t1_j64xse0 wrote

> ford lighting, Mach-e

I've been seeing a lot of Mach Es personally haven't noticed any lightnings but they look so much like the regular F150 that I wouldnt of noticed unless I was paying really close attention I guess. It is true they need to ramp up production better htough

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MrULTRALONG t1_j62zrbw wrote

Tesla insurance in europe is bigger than bentleys. So forget it.

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Year3030 t1_j622igj wrote

If you need to pickup a night job I hear the marines are hiring.

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