“We’ve taken a view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and higher margin,” Musk told analysts and investors during Tesla’s first-quarter-earnings’ call on April 19.
He said he would be comfortable with a relatively thin initial margin.
EM tacitly admits that TSLA is a car manufacturer.
EM realizes his mistake. Frequent lowering prices result in potential buyers delaying purchases for a lower price in the future.
Dealership coming! Naysayers are wrong 
$100 is good enough for me. I will BTFD at this price i.e. 10x current holdings.
At present, have a GTC at $150.
Hainan chicken boy is still upset with Elon.
Manch, this is nice to read. It is rare to see such good posting and references in this blog.
If you continue to post and read pays like this and financials of selected companies, you will soon be a subject matter expert in investment areas.
You will be able to clearly see future growth of companies.
Not sure what is surprising. The effects of interest rate rise in the last 9 months alone takes off $4k of what people can afford (assuming 20% downpayment) for a Model Y, for example. That loss, and the delay to any benefit of downward pressure on costs, means lower margins (even without any other ‘demand’ issues).
If interest rates stay this high for many years, it would seem profitability would be hurt for a while.
If interest rates come down next year at least some, I would expect profitability to go back up.
Going forward, my guess is operating margin (also considering Energy ramp) reaches all time high in 2024, if not Q4 2023.
FSD already works for some people some of the time. The goal is for FSD to work all of the time at least for some people, and have reliability high enough that Tesla is willing to take responsibilities for any accidents that may happen. You know, like how Cruise and Waymo do now with people sitting in the backseats of their self driving taxis in San Francisco.
There are currently ZERO Teslas out there meeting that criteria. Doesn’t matter how many random FSD videos Tesla fanbois posted.
My bet is Tesla will NEVER get there. Tesla will never take full responsibilities. It will always blame drivers for accidents, and as such, has no path to achieve L4 and above self driving.
Twitter needs revenue, so he can self-solve by Tesla advertising on Twitter.
I know he said the same thing every year in the last N years. So can we agree now if it doesn’t happen this year it will never happen? After all it’s almost June so one hopes Elon knows what he’s taking about, right?
Sick of constantly moving the goalposts.
Elon is a pathological liar. But he is the most interesting man of our times.
I don’t think anyone believes that full self driving is going to happen this year (or next), but my guess is folks are interpreting it as some level of autonomous driving is going to happen that’s better than what the Tesla can do right now. I have a model Y and I use autopilot pretty often. It’s definitely helpful on freeways or when you need to go straight. When making turns it’s frustratingly slow (and scary) that I would rather not experiment when there are cars around. I am looking forward to the OTA update with the new software to see what improvements it has.
Elon may be interesting to other people but I got the feeling the man himself is fairly lonely and depressing. He has like 10 kids and how many girlfriends and wives and ex wives? But he has only ever been seen with that one son of his with some weird symbols as name, and dancing by himself in some night club and shit.
Bezos is having 10x more fun than Elon.
I think there is a wall between L3 and L4 that merely constantly improving an L2 system can’t cross. The basic assumptions that go into the system design are vastly different.
It’s like you can’t patch, debug and iterate your way from DOS to Windows NT.
I can see Tesla’s currently L2 system be one day good enough to pass as an L3 system. I don’t see how their current approach can result in L4 and above.
