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Exxon Mobile has something in common with most large auomakers. Their revenue is nearly as large or larger than the market Cap. Even after the tumble Tesla revenue is only 19% of market cap.
m-cap Revenue Name country
$448 $387 Exxon Mobil United States 86%
$389 $75 Tesla United States 19%
$191 $260 Toyota Japan 137%
$70 $281 Volkswagen Germany 398%
$70 $154 Mercedes-Benz Germany 221%
Exxon Mobile has something in common with most large auomakers. Their revenue is nearly as large or larger than the market Cap. Even after the tumble Tesla revenue is only 19% of market cap.
m-cap Revenue Name country
$448 $387 Exxon Mobil United States 86%
$389 $75 Tesla United States 19%
$191 $260 Toyota Japan 137%
$70 $281 Volkswagen Germany 398%
$70 $154 Mercedes-Benz Germany 221%
I forgot to say that market cap and revenue are in billions of dollars.
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.
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Exactly. They are in a bind. They are also loaded down with debt, making it even more difficult to make the necessary investments.
Exactly. They are in a bind. They are also loaded down with debt, making it even more difficult to make the necessary investments.
Most of the carriage makers were unsuccessful at transitioning to automobiles. Some did try for decades, notably Studebaker, but eventually were left on dustbin of history.
The Volvo CEO is loudly proclaiming that transitioning to EVs is not an issue, but the Mercedes CEO is now saying that battery prices must drop to $50/kWh for them to be able to produce EVs at the same price as ICEs. That is the first public deviation from the long held belief that $100/kWh is the economic transition point.
notably Studebaker, but eventually were left on dustbin of history.
Studie still lives today. In the SAME town even. it was purchased by Kaiser in 70 and then AMC rolled them up, but not after rambler and jeep etc used their parts for many years. (names like nash, hudson, and packard etc are in there too)
that part of AMC went to AM general. while you might point out that nothing AM general makes today resembles in any form a studie motor...show me what GM product today resembles the stove bolt...or anything ford that smells of FE, MEL or even windsor...
sidebar: if you ever had a gladiator/jtruck/wagoneer/cherokee from say 69-72, the possible engine and tranny choices look like a summit catalog...you could have identical 71's sitting next to each other, BASE models, with engines from different company's
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.
I am not sure how you think Shanghai is not at plan.
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Quote:
Tesla to run reduced output in Shanghai in January, plan shows
Tesla plans to run a reduced production schedule at its Shanghai plant in January, extending the reduced output it began this month into next year, according to an internal schedule reviewed by Reuters.
Personally I think it has to do with virtue signaling.prior to purchasing Twitter and releasing their files Musk was the darling of the elitist leftist. These same leftist elitist are dropping their Tesla vehicles and stocks.
The Tesla nosedive accelerated Tuesday, its shares plummeting 11% in just one session. The terrible showing was the latest in a seven-day losing streak—Tesla’s longest since 2018—and knocked it out of the S&P 500 Index’s top 10 companies.
So what was the bad news this time? A plan to temporarily halt production at its China factory. News of reduced output in Shanghai came on the heels of last week’s report that Tesla was offering US consumers a $7,500 discount to take delivery of its two highest-volume models before year-end. But the electric vehicle maker’s problems seem to run deeper than signs of slowing demand.
As 2022 ends, Tesla has seen 69% of its value vanish amid Elon Musk’s Twitter takeover and related online antics—and the investor jitters that resulted. As for Tesla’s future? Wall Street doesn’t think it requires shades. Jeffrey Osborne, an analyst at Cowen, said of Tesla, whose valuation has long been pinned to its future growth prospects: “Our sense is the company’s market share has peaked.” —David E. Rovella
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