If demand was there, then they’d sell the cars. The fact they aren’t selling means there isn’t demand. They’re less than 10% of new vehicle sales and already losing momentum.
Yeah, all the Tesla price cuts are a sign of huge demand…
Hertz got clobbered investing in EV’s. Their last earnings report was terrible. Maintenance costs of those EV’s was a big reason. The weight of the vehicles is tough on the suspension and they eat tires.
Oh and there’s nothing to maintain on the electric side of a hybrid. Just a coolant hose to check once in a while.
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Obviously depreciation is the biggest expense in owning any car. But Teslas are expensive to maintain and repair. Rentals get beat up and abused
Teslas are notoriously expensive to repair and it has no inventory of stock parts. So there is no inventory to replace even fenders. You can’t rent out damaged vehicles. Once a Tesla is damaged ( even if minor ) it’s taken off service. Not a sustainable business plan for a rental car company.
Tesla fans don’t care. They consider them disposable… Like I phones. The get dinged dump them. Battery goes dead dump them…
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It’s not. It’s the rapid decline in value of them due to Tesla’s price cuts.
It’s both, at least according to Hertz.
Saw this random review of Kia EV6. His metaphor of going from spinning hard drives to SSD paints a vivid picture for me.
I’ve been driving the EV6 for a couple of days, and I have to say, the leap from my old car is like going from a horse carriage to a spaceship .
Or to use a nerdier metaphor:
Going from an internal combustion engine to the instant torque of electric motors is like when computers went from spinning hard drives to SSDs . You can’t go back!
On the first night when we picked up the car, I drove around a bit with my family. The kids were more excited than on the morning of Xmas.
In fact, before bed, they asked my wife to read them the car’s user manual!
I’m not kidding! My oldest boy was very keen on learning about every feature and capability of the car, including how to change the color of the cabin’s ambient LED lighting and how the various drive modes work.
It’s still too early for a full review, but so far I’m very impressed by the engineering and design decisions made by Kia. 15-20 years ago, I wouldn’t have guessed that this company would improve to this level.
That sudden acceleration is what eats tires and wrecks suspensions.
I drove a Tesla and found the take-off and stopping behavior very annoying.
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I’m curious how many of the Tesla’s bulls who claim FSB will make Tesla the bigger company in the world actually use auto pilot? Would any of you trust auto pilot with your family in the car?
I dont but I know several of my friends who do 
If Model Optimus would be that good, the company would be nationalized. And many nations won’t import it and would instead building similar. No nations would want a single company from only one nation to dominate.
Did Steven consider where can he get the materials? And the supply constraints and prices of the components and materials?
In your dreams.
Exactly. Ditto for Robotaxi. Investors banging on Robotaxi and/or Optimus to boost TSLA share price would be disappointed.
May turn out holding cash is better than stocks and assets since everything is deflationary (vs cash).
Hello Dave Lee, Tom Nash, Jesse, Vitality, Kevin Paffrath,
When will TSLA catch up with S&P since inflation (>2%) started?
Rolling two year.
Robotaxis and AI Robots are pipedreams. Here’s a much more immediate problem:
Tesla announced today that it will lose the entire $7,500 federal tax credit on Model 3 RWD and Long Range, the two least expensive versions of the popular electric car, starting next year.
In 2 weeks the price of M3 will go up by $7500. Or Tesla would need to cut price deep to offset.
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Not many aware or care because is not by Tesla.
Do any of these stock “experts” actually read an income statement? The argument for premium valuation was Tesla as a tech stock with superior gross margin to auto companies. That myth has been busted as Tesla product mix moved to lower priced models to push unit sales. The gross margin is now very close to best-in-class auto manufacturing and far from tech company. It doesn’t justify the premium valuation vs. other auto companies.
They need a business with material revenue at higher margins than automotive to justify a tech valuation. People talk about FSD and robo taxis. Is Tesla going to run that business themselves? We learned from Hertz that using Tesla cars for ride share will crush a company with maintenance and repair costs. So is the big thing their robot? How many years or decades is that from meaningful revenue?
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Yet another article that blame Elon for TSLA not making a new ATH.
Anybody check out the new Chevy Blazer EV?
Pretty expensive…but definitely better looking and more practical than the Cybertruck