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They're also offering a $7.5K discount on models 3 and Y if you take delivery by 12/31.
Suggests demand is currently weak.
Factories in Austin, Berlin, and Shanghai, are running below plan.
Revenue for trailing 12 months in 2022 is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted. Percentages are shown relative to Tesla
375% $280.75 Volkswagen Revenue
347% $260.13 Toyota Revenue
206% $153.95 Mercedez Benz Revenue
203% $151.73 Ford Revenue
197% $147.21 General Motors Revenue
187% $139.79 BMW Group Revenue
162% $121.32 Honda Revenue
140% $105.12 Hyundai Revenue
135% $101.32 Stellantis Revenue
100% $74.86 Tesla Revenue
95% $70.91 Nissan Revenue
Obviously people do not believe in the long term prospects of Nissan or Stellantis relative to Tesla. Although Stellantis makes a lot of talk about going electric many of the Stellantis vehicles are firmly wedded to giant engines. Nissan seems to specialize in inexpensive gasoline cars, but they are expecting the 2023 Ariya SUV EV to turn the company around (MSRP is $43,190, $47,190, $50,190, $53,690, and $54,690)
Quote:
Originally Posted by OutdoorLover
On the one hand in the first 10 mos of 2022, new Tesla registrations in the USA are up 50% versus the same period in 2021 - there's certainly nothing wrong with that.
On the other hand, Tesla's stock is down this year, and Musk is talking about layoffs next quarter. It's a little difficult to make sense of it all, as Musk is not one for transparency in corporate communications.
Market cap: $395.82 Billion Tesla
Market cap: $12.13 Billion Nissan
It's not so much if Tesla is a well run company or that it has good long term potential, it is just the scale of the disconnect with reality. Tesla has roughly the same revenue as Nissan, but Nissan's market Cap is 3% of Teslas.
Maybe in a decade Tesla will have the largest revenue of any automobile manufacturer. Even so, does it justify the Tesla market cap returning to a a trillion dollars?
Revenue for trailing 12 months in 2022 is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted. Percentages are shown relative to Tesla
375% $280.75 Volkswagen Revenue
347% $260.13 Toyota Revenue
206% $153.95 Mercedez Benz Revenue
203% $151.73 Ford Revenue
197% $147.21 General Motors Revenue
187% $139.79 BMW Group Revenue
162% $121.32 Honda Revenue
140% $105.12 Hyundai Revenue
135% $101.32 Stellantis Revenue
100% $74.86 Tesla Revenue
95% $70.91 Nissan Revenue
Obviously people do not believe in the long term prospects of Nissan or Stellantis relative to Tesla. Although Stellantis makes a lot of talk about going electric many of the Stellantis vehicles are firmly wedded to giant engines. Nissan seems to specialize in inexpensive gasoline cars, but they are expecting the 2023 Ariya SUV EV to turn the company around (MSRP is $43,190, $47,190, $50,190, $53,690, and $54,690)
Market cap: $395.82 Billion Tesla
Market cap: $12.13 Billion Nissan
It's not so much if Tesla is a well run company or that it has good long term potential, it is just the scale of the disconnect with reality. Tesla has roughly the same revenue as Nissan, but Nissan's market Cap is 3% of Teslas.
Maybe in a decade Tesla will have the largest revenue of any automobile manufacturer. Even so, does it justify the Tesla market cap returning to a a trillion dollars?
I gotta tell you, I have not been impressed by Big Auto lately. Volkswagen for example, has had so many problems trying to improve the software for their ID series vehicles, for so long, that they first fired their CEO, and then they basically gave up and invested $2.3 Billion in the Chinese firm Horizon Robotics to try to fix things for them. Pretty humiliating.
GM is getting into the solar panel business, and the home energy storage business, just like Tesla did before them. I mean for goodness sakes, have some pride guys - can't you think of anything on your own??? I hear next, they're planning to rename the company General Motoresla!
They're also offering a $7.5K discount on models 3 and Y if you take delivery by 12/31.
Suggests demand is currently weak.
Factories in Austin, Berlin, and Shanghai, are running below plan.
They are likely offering the discount because many are delaying the purchase to get the Federal tax credit. As to the production plan, the goal of 5000 units a week for Austin and Berlin was either end of year or Q1 of 2023. Based on the ramp (which is impressive), they should hit it in early 2023 as they are at 3000/wk already.
Revenue for trailing 12 months in 2022 is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted. Percentages are shown relative to Tesla
375% $280.75 Volkswagen Revenue
347% $260.13 Toyota Revenue
206% $153.95 Mercedez Benz Revenue
203% $151.73 Ford Revenue
197% $147.21 General Motors Revenue
187% $139.79 BMW Group Revenue
162% $121.32 Honda Revenue
140% $105.12 Hyundai Revenue
135% $101.32 Stellantis Revenue
100% $74.86 Tesla Revenue
95% $70.91 Nissan Revenue
Obviously people do not believe in the long term prospects of Nissan or Stellantis relative to Tesla. Although Stellantis makes a lot of talk about going electric many of the Stellantis vehicles are firmly wedded to giant engines. Nissan seems to specialize in inexpensive gasoline cars, but they are expecting the 2023 Ariya SUV EV to turn the company around (MSRP is $43,190, $47,190, $50,190, $53,690, and $54,690)
Market cap: $395.82 Billion Tesla
Market cap: $12.13 Billion Nissan
It's not so much if Tesla is a well run company or that it has good long term potential, it is just the scale of the disconnect with reality. Tesla has roughly the same revenue as Nissan, but Nissan's market Cap is 3% of Teslas.
Maybe in a decade Tesla will have the largest revenue of any automobile manufacturer. Even so, does it justify the Tesla market cap returning to a a trillion dollars?
The car market in China is giving us a signal as to the future for all these manufacturers
What is this signal - the rise of Chinese automakers?
Yes. It is also showing the decline of US (not including Tesla) and Japanese companies as well. China is by far the largest car market in the world. It has been a huge piece of business for the legacy car manufacturers and that is all changing. Take a look at what has happened to GM:
There is a bar chart about half way down the page.
A number of the manufacturers in China are making very good cars and they continue to bring down costs. Most companies have had to lower their prices this past year, including the luxury brands like Mercedes and BMW (Tesla as well). China is just starting to bring their cars to Europe and they will eventually come to the US. We all saw how the Japanese companies came to the US and took over the small and midsize car markets. China will be targeting all segments with quality vehicles with the most recent technology, along with cheap prices. It will take a bit of time, but it is coming.
The legacy automakers have to deal with ICE ,they need the ICE revenue t o fund their EVs and they have aging plants and pension liabilities and union issues.
.
Is that because it dropped the most or because it still has the best long term prospects?
Facebook dropped as badly as Tesla.
Wow. Look at Exxon Mobil go.
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