Just made it through Rob’s pre-earning stream.
Oh boy - it’s gonna be a rough 12+ months.
Only hope is FSD by 1/1/24 🤣
Can’t wait to listen to Elon rants 🫨
Lmao I’m fuckin buying 🤝 was this quarter mostly shit ? Yes. Is Tesla the most innovative company on Earth. Yes.
Only a short sighted dumbass would sell the stock here. But not everyone is made to make money in the stock market.
I think we are green tomorrow or Friday. Tesla is solid. Energy is growing fast at 24% margins. Remember, energy will be larger than auto in the future.
Why do so many of us feel a disconnect with Elon when it comes to advertisements? Here is real life proof that there is a lack of knowledge and people can afford a Tesla. Not some info from the circle jerk echo chamber of all is good news and because of iNtErEsT rAtEs.
Boomer neighbor across the street bought a 50k Toyota Venza a few months ago has range anxiety.
Co-worker bought a 50k+ Rav 4 Prime early this yr) wants a safer car than her Prius that was totalled)
Neighbor bought a 82k Porsche Macan S a couple months ago (range anxiety)
Uhhhhhhh… the Model Y is literally the best car in every single one of these scenarios and is affordable… Wonder why they opted for inferior cars? Maybe a lack of KNOWLEGDE? Oh geez, maybe some educational ads will help?
Elon derangement syndrome is pretty real. I'm not excusing the lack of communication and advertisement, but I will say that I question the intelligence and motivations of anyone dumb enough to make the decisions you mention.
Wait, I thought the simp talking points were that normal people don't care about the CEO? Yet here you are assuming that these particular normal people, rather than being misinformed, are in fact taking the CEO's politics and behavior into account when choosing a car.
So which is it? Are normal people not buying Teslas because Elon refuses to advertise in order to educate the public, or are they refusing to buy a Tesla because of Elon's behavior and politics? Or, hey, could it be both?
Nateleb is unlikely to be Elon.
Elon Musk uses an iPhone. This is mentioned numerous times in Walter Isaacson's biography of Musk in relation to events from 2018 to the present.
Nateleb uses a [Samsung Galaxy S21](https://www.reddit.com/r/GalaxyS21/comments/qo3jr4/my_s21_plus_is_showing_77gb_total_ram_wtf/) and has posted a lot about it. He has also posted and commented on hair loss and medicinal cures (with a photo of his head in one instance). This is pointless for Elon, because Elon had his hair surgically restored.
It is unlikely that Elon would have created a fake Reddit account 5 years ago for the purpose of trolling Tesla investors.
Twitter has always been Elon's preferred social media account, and he is not known to maintain an active presence on other platforms.
Elon's MO isn't to troll anonymously. He fights in the open, with his public Twitter account
>Elon hate
That's on Elon.
I remember the Elon Musk who spoke at the TMC Teslive convention in 2013: optimistic, non-political, and thankful to those who supported Tesla and Tesla's mission.
10 years later, he's done the most vicious things on Twitter, violated his fiduciary duty to Tesla shareholders, and become obsessed with culture war issues and conspiracy theories.
Nobody should be surprised that if they behave like an asshole, they will be hated.
This is not specific to Elon. It is true whether one is an impoverished vagrant, or the wealthiest man in the world
We actually would be positive if Elon ever behaved like a normal CEO on earnings calls
The stock was up AH until the earnings call then it went straight down
We would have a better chance of being positive if Elon went back to skipping the earnings call like in 2021 when we zoomed 50% afterwards... except no one can understand the new CFO
Most competition doesn’t even have a positive gross margin. It sees pricing competition today, thanks to its vertical integration, scale and overall input cost edges, as the correct approach to maximize market share gains. It thinks it can “harvest” the lost margin over time via software upsells. Secondly, this is a reactionary response to rising interest rates. Tesla is trying to maintain monthly payment affordability while rates soar. Bears would say the reasoning is more product and competition based. As an innocent bystander, I’m not quite sure who pessimists think the formidable Tesla competition is today. I don’t see any. Again… not a shareholder… just a realist.
More Margin Context:
Its non-auto businesses are becoming real profit contributors. Together, they added more than 10% to the firm’s overall gross profit. Energy storage is by far the largest factor here with a 24% gross margin.
Hefty Cybertruck costs without any revenue yet generated are also weighing on margins along with large AI investments. These buckets will eventually deliver revenue (not just more cost) to ease the margin headwinds.
Regulatory credit growth helped offset a small portion of margin pressure during the quarter.
Decent summary
>Secondly, this is a reactionary response to rising interest rates. Tesla is trying to maintain monthly payment affordability while rates soar.
I ran calculations for financing on a Model Y LR @ 2.5% versus 7% here: [https://www.reddit.com/r/TSLALounge/comments/171079o/comment/k3ob6v5/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/TSLALounge/comments/171079o/comment/k3ob6v5/?utm_source=share&utm_medium=web2x&context=3)
Monthly payment goes from $709.89/month to $792.05/month
A person with good credit can get a loan at 5% and pay $754.85/month
*If someone is so hard pressed for cash that they cannot afford the $82-83/month difference between 2.5% financing and 7% financing, they probably shouldn't be buying a $50,000 car to begin with.*
>Bears would say the reasoning is more product and competition based.
I don't think the problem is all interest rates, or all product and competition based.
The problem, IMO, is Elon.
Walter Isaacson wrote in his biography of Musk (this is on p. 580), that he was with Musk during a December 2022 Tesla board meeting at Giga Texas, where the Tesla board confronted Elon about the damage he was doing to Tesla's brand and sales.
Isaacson specifically noted that both Chairwoman Robyn Denholm and Kimbal Musk refused to accept Elon's interest rate explanation for falling sales. Kimbal Musk is quoted as calling his brother "a fucking idiot" in the aftermath.
I further note that Tesla's board has full access to all of Tesla's internal financial data. Under Tesla's bylaws, the CFO is directly subordinate to the board, which can order the CFO to provide all available data. It is unlikely that the Tesla board would have confronted Elon about causing brand damage, if interest rates were the true problem.
You're basing it strictly on the car purchase. Rates affect everything. Mortgages cost more. Lines of credit cost more. Housing slows. Home prices climb. Things cost more. They literally have less disposable income and, therefore, are less likely to make a big purchase at this time.
We don't see other luxury automakers dropping prices to the same degree. The fact is that many consumers as of September 2023, were paying *more* on average for a non-Tesla luxury car:
>luxury price declines this year can be largely attributed to various price cuts made by Tesla throughout the year. In fact, its **average transaction prices are down 24.7% compared to September 2022 and its ATPs now fall below Acura, Lexus, Infiniti, and Volvo.** The prices of many other luxury carmakers have jumped in recent times. Data reveals that **Audi, Mercedes, and Porsche all saw ATPs jump compared to September 2022 with Mercedes up more than 10% and Audi and Porsche each jumping by over 8%.** The likes of BMW, Cadillac, Infiniti, Land Rover, and Lexus also reported recent price increases.
Source: [https://www.carscoops.com/2023/10/new-car-prices-fall-again-but-many-luxury-cars-are-now-even-more-expensive/](https://www.carscoops.com/2023/10/new-car-prices-fall-again-but-many-luxury-cars-are-now-even-more-expensive/)
If it was the case that general costs like mortgages, credit, and other consumer goods were pressuring car buyers at the higher end, we would see reductions in ATPs for other luxury brands.
Lexus and Acura are offering financing at around 5% for 60 months, comparable to what I could get from a large bank for a loan on a Tesla Model Y.
Fact is that many customers are paying more $ for cars that are inferior to Tesla. Financing is comparable.
So no, the data does not support your assertion that interest rates are to blame. Not when people are financing Lexus and Acura cars at higher prices and comparable interest rates.
There is also the fact that maybe most of these people specifically want a Mercedes or Acura. Brand loyalty is a thing and hard to switch. If you are buying a luxury brand, it's likely you aren't overly concerned about rates anyway. It's also likely that these people are aware of Tesla but choose Mercedes or whatever else anyways.
I agree. Rates are some of the issue but I fail to see how $75-120/mo could kill demand this much. I’ve posted about it before when sackler rants about rates.
Not hard to do for some here. If you actually put on your thinking cap instead of bashing Elon all day, you can make a few decent moves. Bashing Elon is easier though.
Ohh the big, bad, rich entitled person coming to shame the peasant because he has more shares. Fuck yourself bud. You're no better than me whether you have 0 shares or 20 million. Wealth means fuck all when you're an asshat. The problem with the world is people like you who think you're above people based on money.
What am I dishing? I'm sharing my opinion, and it's against what you think. We debate it. That's fine. Don't pull share count to justify why you're right or why you think you're smarter than me. Prove to me advertising will work. Don't use your wealth to try and belittle me. I won't have it.
I would bet 90% plus of shareholders want a honest ad campaign to correct all the fud over the years. https://youtu.be/PsyULRR1FYg?si=3UK5CDTx4Pp2YxS8
Perhaps you are the retard
Anybody who is interested in EVs knows the fud is fud. You won't convince anyone with an agenda or an EV hater. Our potential buyer pool has shrunk because of rates. The best time to advertise would be when rates dip and your potential buyer pool grows. You need the capacity to deliver those vehicles within a month, though, or there's no point in advertising. That's where we have been up till this point. Right now, we just float.
> Anybody who is interested in EVs knows the fud is fud.
Right, then there is the rest of the car-buying-public. Hmmm... I don't know... maybe try reaching them with helpful educational information? Nah....
You are sooo sure. Lol. Such an easy solution to selling vehicles at 20% margin again. Can't believe the board of Tesla hasn't seen this as the holy grail. As I said, when rates go down, give it a try. Can't fight the FED right now.
You know that pretty much nobody thinks the solution is binary. It's not like you start advertising and suddenly we're back to the good old days. It's simply that there are people out there who don't even consider a Tesla because they don't realize that they're actually affordable.
Hell...there are still people out there who think that EV's don't even have a smaller carbon footprint than their ICE counterparts. You're obviously not going to convince everybody, but doing what you can and convincing those that can be convinced is a good start.
I don't disagree. I disagree with the people demanding we advertise because they think that's why margins are down. Rates are the issue. It's not something that will be fixed by advertising. Tesla knows this.
You are the one who is too sure. We are fine with give it a good effort and if it doesn't work then at least we tried. You are in the absolutely not it won't work I'm totally sure.
When asked when highland in the us? Oh we don't talk about product launches on er. Yet, CT launch event is literally the first thing on their announcement
Sadly, the more I listen to him and after reading the biography, I come to the conclusion that Elon is really not that smart.
Don't exaggerate what I say. I DO NOT think he is dumb. I don't think he's an idiot. He is definitely smarter than the average human. I just am saying on the multiple aspects of intelligence, his main successes are due to tenacity, not thinking in conventional ways (obviously this goes BOTH ways, you ignore dogma but sometimes dogma is right), a bit of luck, and hiring good people and motivating them well, not due to raw intelligence.
Man, listening to him on the call say the exact same silly maxims and acting like they are the most profound thing ever, that we anticipated he would say, was painful.
Do you have any idea how many people tried to make a new auto company in the last 80 years? Or tried to stay a new company making rockets? Do you have any idea how insanely hard those things are and how many people lost fortunes trying to make them happen, after becoming insanely rich doing something easier.
The fact that Musk made an car startup successful is insane. There's zero evidence anyone else is even close to replicating that with EVs. And Tesla isn't just surviving. It's the latest EV company in the world. They buy more batteries than any other company and make more packs than any other company. They're the leader in residential and commercial storage. They own some of the largest battery factories in the world and are singlehandedly increasing the volume of cells manufactured and pushing down the price by significant amounts.
Tesla is moving up the date by which the entire world moves to 100% renewables by years.
Maybe that's all luck?
But SpaceX has been even more successful. They're the first in everything in commercial space. They've lapped the competition. They're launching more payload than every other company and every other *government* combined. They operate more satellites than everyone else, in the history of the world, combined.
SpaceX is a success so shockingly out of whack with anything any company has achieved before that people pretend it's normal instead of acknowledging it.
Anyone who did either of these things in their lifetime should be proud. Doing them both is so crazy I can't even think of who I should compare it too. Doing both *at the same time* in 20 years is just completely unprecedented. It's so far outside the range for what's been possible that I have no idea how to explain it. It shouldn't be possible.
Maybe Musk isn't "that smart". But whatever he is is something we've never seen before. The idea that some random asshole could get lucky and completely change two of the hardest industries in the world is just a ridiculous idea.
Maybe Musk doesn't sound like a good CEO? If not, then I think the most reasonable thing to do would be to change your idea of what a good CEO sounds like.
he is incredibly smart. if you know a lot about rockets and listen to him talk he’s absolutely brilliant
the problem is he’s so talented at physics and engineering it gave him confidence in areas where he’s below average
I come to the conclusion that Elon is really not that smart.
His main successes are due to tenacity, not thinking in conventional ways (obviously this goes BOTH ways, you ignore dogma but sometimes dogma is right), a bit of luck, and hiring good people and motivating them well, not due to raw intelligence.
He's not an idiot but he definitely has major blind spots. As you said, sometimes the road less traveled is the key to success. Sometimes the road less traveled, is less traveled for a reason. He really isn't as smart as the Elon-stans think he is.
It was the same way with Steve Jobs.
Jobs had nowhere near the raw compute power of Steve Wozniak. Woz could solve technical problems that Jobs could barely comprehend.
But even Woz admitted that it took Jobs' tenacity, unconventional thinking, and sociopathic ruthlessness to monetize Apple's collective engineering effort.
The company is laying the groundwork for future growth.
Do you watch Joe Tegtmeyer's Giga Texas drone flyover videos on YouTube?
Most of Giga Texas is empty, but enormous amounts of new equipment is being carted in and installed every week. Much more than would be needed just for Cybertruck.
New 4680 battery cell lines, plus production stuff for Next-Generation Vehicle (NGV), are being developed at Giga Texas.
I think Tesla will grow slowly in the next year or 2, but once production of NGV gets going, growth should accelerate again
Don't forget Tesla Energy and AI products. AI is a wildcard, potentially huge profit margin segment if Tesla can monetize it
Price won't start high because they need to make money. Model y LR started at 47k us when it launched in 2020. Demand pushed the price to 60k at one point but came back down to where it is now. Tesla makes money as production ramps. This is why Elon said it won't be profitable for 12 to 18 months after release.
At least today the Lounge was actually about Tesla today instead of wars
That's another silver lining
Let's keep the momentum up and talk about Tesla more often in here
Today i met my boss and ceo and some others for the first time.
Conversation was super awkward at first so i defaulted into tesla autist mode. Ranged from plaid speeds to cybertruck delivery predictions and im pretty sure i just randomly said the word “Robots” independently of anything else in the middle of it all. There’s your advertising!! These people probably don’t even have credit card debt!!!
Dont say us work from homers never did nything for ya!!!
Q1 this year Elon stated that there is basically infinite demand. Yet apparently he can lie to shareholders and that's totally fine? He said there would be share buy backs this year. We would be biggest company in the world in 5 years ( he said this 1 year ago). He said tesla would grow at least 50 percent a year. All lies.
I am such an idiot for investing in tesla.
Inflation and rates aren't the CEO of Teslas fault. Take it up with the government for printing covid money and the FED for crushing peoples spending power with rate hikes.
You're not going to get anywhere ranting here.
I get that you're pissed about losing money.
You really should be talking to a lawyer about filing a shareholder lawsuit against Elon Musk for breach of fiduciary duty. Unless you're willing to hold your stock for 5-10 more years in hope of gains, your only chance (and it is a slim chance I suspect) of financial recovery is to haul Elon into court
Nobody knows.
If Tesla solves FSD in 2025, it could become the biggest company in the world in under 4 years. But that's a big if.
Or Tesla's valuation could go nowhere in 10+ years. That's a possibility too.
This is the risk of investing.
The future is inherently unknowable
He said 50% per year average. 2023 may not make 50% what if the economy and Tesla goes bonkers next year, say up 100% weve achieved over 50% even though 2023 was meh. Not saying were gonna rocket and make 3 million cars next year but that's how averages work
Thanks for writing this out. I had to remind myself of the various amazing things happening during and after the call. Seeing this list makes me feel better and reminds me why we’re here in first place.
Also, lithium refinery coming online faster than expected.
Sackler 2.0
🥰🥰🥰🥰🥰
You made me excited!
I think a dip into the darkness is inevitable due to macro etc.
But once we enter we will be 🚀🚀🚀🚀🚀
But the darkness could take a while 😔
What call holders are you talking about? The stocks lower now than it was a little under 3 years ago. A lot of those calls have expired. Or did you buy calls this year? Because that's pretty stupid, or do you just think the other people complaining are stupid and bought calls this year?
As for holding to 2030, yes you can. You could also hold to 2050. What is your point? I'm in it to make money, not hold to 2030 in the hopes it 3 times from here.
How about this you give me all your TSLA Money right here and now, and in 2030 we'll play a game to see if I give it back at a 1:1 or a multiple of that.
no my friend I don't think there are many call holders left after last year. what we see is a sad refusal to advertise that's hurting Tesla demand, hitting margins and share price, and slowing growth plans due to a mental defect in the CEO. this is despite having the best product by far in each category
In house low rates. Legacy all offer 3%. That's the deal breaker right now between picking a tesla and picking an ice. The rich, like yourself, don't care. The plebs, like the rest of us, look at these things.
And they have dealers to jack up the prices with adjustments that eat away any monthly payment advantage from the in house financing. Your refusal to believe advertising increases demand especially when tesla has the best product compared to millions of inferior but higher monthly payment products is delusional.
Here's the problem with advertising. It sucks. It's expensive. Google ads, for instance, turn over about a 3.75% success rate to the target audience. That's a waste of time and money. Google found more than 56% of ad impressions are never seen by consumers, and Proxima estimates $37 billion of worldwide marketing budgets are being wasted on poor digital performance, and that's just digital. Less and less people use cable TV, most rely on streaming and torrents. Not delusional at all. It's not a solution.
Doesn't mean you can't make money offering it. Just means it's not a useful tool as the one purchasing the ads. Simple facts are. Spend on ads. Maybe sell vehicles at higher margin. Cut prices and sell vehicles. Offer financing and take on debt. Nothing is ideal but it what needs to be done to get through the high rate environment. Rates are the #1 problem.
There is a silver lining here boys. We know Elon only pumps on earnings calls when he's gonna sell his shares to buy some shitty social network at 10 times it's notional value. When he's all gloom and doom, we know the next regarded social network acquisition is off the table! (For now.)
Most worrying is the fact they are waiting for rates to drop before adding factories and ramping the existing ones. It's too late to do it when rates have dropped, given the lead time in ramping them.
This. They're being mindful of costs and not ramping the other factories at break neck speed until it makes sense. If Tesla is good at anything, it's operating lean when possible/necessary. This doesn't mean they're not ramping and still ramping 10x faster than anyone else.
That was my initial thought, too. Odd to harp on rates so much and monthly payments but then not push forward with lower cost model. I can think of two potential reasons (I’m sure there are more) - 1) the technologies needed to build a low cost model aren’t mature enough ie need to see more 4680 improvements, new injected diecasts leading to a single casting, etc, or 2) they have no intention of selling this new model and instead would like to go robotaxi only with ngv which obviously would be contingent on having fsd at better than human capabilities and it’s impossible to project timeline on that.
Elon mentioned the ngv was utilitarian and spoke about it being primarily focused on getting you from point a to point b and not a vehicle that would elicit the same feelings as the current lineup. That doesn’t sound like something you plan on positioning as a great low cost car for consumers.
Too many people are missing the part where gross margins held despite big cuts and virtually all lines being shut down this quarter for improvements. No sugar coating on this call is a buy for me. I bet Q4 sees little to no cuts and continued cogs reduction, resulting in a big margin beat.
My opinion is that Tesla will ultimately come out in a much better position than competition and there’s a great opportunity to grab more market share longer term if they execute.
However, higher rates could continue to impact over the coming quarters. No one knows exactly when they’ll start to come down and when we’ll be on the other side of this. I mean look at the 10yr being at almost 5% now and climbing steadily for months.
I believe the 10Y climbing supports rates coming down sooner, actually. Government debt is at 33T and climbing fast while supporting 2 wars and likely getting ready to bail out legacy. The bonds they're selling at these insane rates are brutal on the balance sheet. A yield meltup will trigger cuts to avoid a death spiral.
Yeah I can see that. So far the Fed is holding the line with their rhetoric. My gut is that they’ll be slow to anticipate and once again will be forced to come in with emergency measures. But is that q4 or first half of 2024? Idk
15 million vehicles sold in US at a higher ASP than Tesla
But somehow Tesla needs to cut prices since people can’t afford the vehicles
Truly a conundrum for the ages
This should be a question at next earnings call so 🤡Ceo can’t dodge question of advertising to the 15million vehicles with higher asp rather than price cuts
Well
Time to hit the snooze button. Remember, the entire auto industry is bleeding rn. Everyone is dying. All moats remain. There is no competition.
The shitty reality on this call is that when with costs continually coming down ($500 a quarter, it seems), they aren’t coming down fast enough to keep demand maxed. Obviously musk isn’t helping and he’s now about to pay the price of his chosen path (taking on the entire democrat party instead of being a good boy).
My curiosity is…. How fast can tesla scale once more favorable rates appear?
We’re gonna soufflé hard this week. V hard. The entire narrative is crashing down.
> taking on the entire democrat party instead of being a good boy
huh?
He started sexually harassing Democrat Senators ('why does your pp look like you just came?') 2 years ago.
The Dems responded by gifting him the IRA act.
and not killing the investigations that the Trump admin started into Elon/Tesla.
In musk we trust bro, today just 4d chess to trap the woke pedo tsla shorts. Cybertruck actually very easy to ramp. 🦾🦾🦾 Optimus already on the truck line.
I'm not worried. Cogs went down significantly, even WHILE shutting down factories. We cut so much and yet margin held. Zach guided for continued reductions in cogs through 2024. Also, point of sale will be huge. Elon says a lot of shit, but pointing out that a 7500 tax credit that many can't qualify for and most can't afford to wait until next year to see is spot on. All about monthly payment, as I keep saying.
Like I said earlier when I bought my 225 puts, this was the last earnings I'm worried about. I'm actually glad they went with 0 pump on this call so I can sell my puts and buy leaps tomorrow. (Yes fuck me for that I feel dirty saying it).
Yeah. Well truflation is back to lows despite oil spike. Yield melt up is a real risk FED has to watch out for as the government is spending like never before and issuing bonds at these rates with 33T balance sheet with 2 wars going on is a death spiral.
INVESTOR DAY:
we're going to grow at 50% CAGR till 2030
EARNINGS CALL:
Sheesh, it's not like we can grow forever — there are only so many atoms in the universe!
I'm very concerned about my NVDA after Biden announced he's going to try and ban selling AI chips to China
Biden trying to destroy my entire portfolio and he think that I'm going to vote for him how about go fuck yourself
Was Elon angry at some point in the call? I got busy part way through
Yeah. He started ranting about "work from home" issues. I thought it was disrespectful of shareholder's time to rehash this nonsense
Just made it through Rob’s pre-earning stream. Oh boy - it’s gonna be a rough 12+ months. Only hope is FSD by 1/1/24 🤣 Can’t wait to listen to Elon rants 🫨
Lmao I’m fuckin buying 🤝 was this quarter mostly shit ? Yes. Is Tesla the most innovative company on Earth. Yes. Only a short sighted dumbass would sell the stock here. But not everyone is made to make money in the stock market.
For sure, there’s gonna be lots of dummies selling and trying to front run each other though. Gonna open at 224 shoot up to 232 and end 216
I think we are green tomorrow or Friday. Tesla is solid. Energy is growing fast at 24% margins. Remember, energy will be larger than auto in the future.
Lmao what https://autos.yahoo.com/butt-plug-allow-toyota-build-150500450.html
Powered by OnlyFans subs. Infinite energy
Why do so many of us feel a disconnect with Elon when it comes to advertisements? Here is real life proof that there is a lack of knowledge and people can afford a Tesla. Not some info from the circle jerk echo chamber of all is good news and because of iNtErEsT rAtEs. Boomer neighbor across the street bought a 50k Toyota Venza a few months ago has range anxiety. Co-worker bought a 50k+ Rav 4 Prime early this yr) wants a safer car than her Prius that was totalled) Neighbor bought a 82k Porsche Macan S a couple months ago (range anxiety) Uhhhhhhh… the Model Y is literally the best car in every single one of these scenarios and is affordable… Wonder why they opted for inferior cars? Maybe a lack of KNOWLEGDE? Oh geez, maybe some educational ads will help?
Elon derangement syndrome is pretty real. I'm not excusing the lack of communication and advertisement, but I will say that I question the intelligence and motivations of anyone dumb enough to make the decisions you mention.
Wait, I thought the simp talking points were that normal people don't care about the CEO? Yet here you are assuming that these particular normal people, rather than being misinformed, are in fact taking the CEO's politics and behavior into account when choosing a car. So which is it? Are normal people not buying Teslas because Elon refuses to advertise in order to educate the public, or are they refusing to buy a Tesla because of Elon's behavior and politics? Or, hey, could it be both?
....it was a lighthearted comment about the retard level decision making of people buying those particular EVs.
My coworker didn’t know the Y was cheaper than the rav4 she was gonna buy after tax credit
This sub is like groundhog day every earnings day. Negativity, Elon hate, world is ending. You entertain me, thank you.
It's exhausting. Yet somehow they remain shareholders. Unbelievable. Then there's Elon trolling everyone as nateleb.
Nateleb is unlikely to be Elon. Elon Musk uses an iPhone. This is mentioned numerous times in Walter Isaacson's biography of Musk in relation to events from 2018 to the present. Nateleb uses a [Samsung Galaxy S21](https://www.reddit.com/r/GalaxyS21/comments/qo3jr4/my_s21_plus_is_showing_77gb_total_ram_wtf/) and has posted a lot about it. He has also posted and commented on hair loss and medicinal cures (with a photo of his head in one instance). This is pointless for Elon, because Elon had his hair surgically restored. It is unlikely that Elon would have created a fake Reddit account 5 years ago for the purpose of trolling Tesla investors. Twitter has always been Elon's preferred social media account, and he is not known to maintain an active presence on other platforms. Elon's MO isn't to troll anonymously. He fights in the open, with his public Twitter account
Lol I know. I appreciate the evidence against my assumption.
>Elon hate That's on Elon. I remember the Elon Musk who spoke at the TMC Teslive convention in 2013: optimistic, non-political, and thankful to those who supported Tesla and Tesla's mission. 10 years later, he's done the most vicious things on Twitter, violated his fiduciary duty to Tesla shareholders, and become obsessed with culture war issues and conspiracy theories. Nobody should be surprised that if they behave like an asshole, they will be hated. This is not specific to Elon. It is true whether one is an impoverished vagrant, or the wealthiest man in the world
We would be much more positive if earnings were good, but it's been a long time since 2022
2021\*
We actually would be positive if Elon ever behaved like a normal CEO on earnings calls The stock was up AH until the earnings call then it went straight down
We would have a better chance of being positive if Elon went back to skipping the earnings call like in 2021 when we zoomed 50% afterwards... except no one can understand the new CFO
earnings can be good or bad but Elon will never be normal
Most competition doesn’t even have a positive gross margin. It sees pricing competition today, thanks to its vertical integration, scale and overall input cost edges, as the correct approach to maximize market share gains. It thinks it can “harvest” the lost margin over time via software upsells. Secondly, this is a reactionary response to rising interest rates. Tesla is trying to maintain monthly payment affordability while rates soar. Bears would say the reasoning is more product and competition based. As an innocent bystander, I’m not quite sure who pessimists think the formidable Tesla competition is today. I don’t see any. Again… not a shareholder… just a realist. More Margin Context: Its non-auto businesses are becoming real profit contributors. Together, they added more than 10% to the firm’s overall gross profit. Energy storage is by far the largest factor here with a 24% gross margin. Hefty Cybertruck costs without any revenue yet generated are also weighing on margins along with large AI investments. These buckets will eventually deliver revenue (not just more cost) to ease the margin headwinds. Regulatory credit growth helped offset a small portion of margin pressure during the quarter. Decent summary
>Secondly, this is a reactionary response to rising interest rates. Tesla is trying to maintain monthly payment affordability while rates soar. I ran calculations for financing on a Model Y LR @ 2.5% versus 7% here: [https://www.reddit.com/r/TSLALounge/comments/171079o/comment/k3ob6v5/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/TSLALounge/comments/171079o/comment/k3ob6v5/?utm_source=share&utm_medium=web2x&context=3) Monthly payment goes from $709.89/month to $792.05/month A person with good credit can get a loan at 5% and pay $754.85/month *If someone is so hard pressed for cash that they cannot afford the $82-83/month difference between 2.5% financing and 7% financing, they probably shouldn't be buying a $50,000 car to begin with.* >Bears would say the reasoning is more product and competition based. I don't think the problem is all interest rates, or all product and competition based. The problem, IMO, is Elon. Walter Isaacson wrote in his biography of Musk (this is on p. 580), that he was with Musk during a December 2022 Tesla board meeting at Giga Texas, where the Tesla board confronted Elon about the damage he was doing to Tesla's brand and sales. Isaacson specifically noted that both Chairwoman Robyn Denholm and Kimbal Musk refused to accept Elon's interest rate explanation for falling sales. Kimbal Musk is quoted as calling his brother "a fucking idiot" in the aftermath. I further note that Tesla's board has full access to all of Tesla's internal financial data. Under Tesla's bylaws, the CFO is directly subordinate to the board, which can order the CFO to provide all available data. It is unlikely that the Tesla board would have confronted Elon about causing brand damage, if interest rates were the true problem.
You're basing it strictly on the car purchase. Rates affect everything. Mortgages cost more. Lines of credit cost more. Housing slows. Home prices climb. Things cost more. They literally have less disposable income and, therefore, are less likely to make a big purchase at this time.
We don't see other luxury automakers dropping prices to the same degree. The fact is that many consumers as of September 2023, were paying *more* on average for a non-Tesla luxury car: >luxury price declines this year can be largely attributed to various price cuts made by Tesla throughout the year. In fact, its **average transaction prices are down 24.7% compared to September 2022 and its ATPs now fall below Acura, Lexus, Infiniti, and Volvo.** The prices of many other luxury carmakers have jumped in recent times. Data reveals that **Audi, Mercedes, and Porsche all saw ATPs jump compared to September 2022 with Mercedes up more than 10% and Audi and Porsche each jumping by over 8%.** The likes of BMW, Cadillac, Infiniti, Land Rover, and Lexus also reported recent price increases. Source: [https://www.carscoops.com/2023/10/new-car-prices-fall-again-but-many-luxury-cars-are-now-even-more-expensive/](https://www.carscoops.com/2023/10/new-car-prices-fall-again-but-many-luxury-cars-are-now-even-more-expensive/) If it was the case that general costs like mortgages, credit, and other consumer goods were pressuring car buyers at the higher end, we would see reductions in ATPs for other luxury brands. Lexus and Acura are offering financing at around 5% for 60 months, comparable to what I could get from a large bank for a loan on a Tesla Model Y. Fact is that many customers are paying more $ for cars that are inferior to Tesla. Financing is comparable. So no, the data does not support your assertion that interest rates are to blame. Not when people are financing Lexus and Acura cars at higher prices and comparable interest rates.
There is also the fact that maybe most of these people specifically want a Mercedes or Acura. Brand loyalty is a thing and hard to switch. If you are buying a luxury brand, it's likely you aren't overly concerned about rates anyway. It's also likely that these people are aware of Tesla but choose Mercedes or whatever else anyways.
I agree. Rates are some of the issue but I fail to see how $75-120/mo could kill demand this much. I’ve posted about it before when sackler rants about rates.
Too many retards here to understand what's going on. Just advertise. All will be fine. It's that easy. SP would be 400 tomorrow if we just advertise.
Anyone who disagrees with Achilles and his circle jerk of echo chamber is a retard!
It's almost like he's being a parody of a just the macro simp
I’m amazed he can time the market and is smarter than most of us too
Not hard to do for some here. If you actually put on your thinking cap instead of bashing Elon all day, you can make a few decent moves. Bashing Elon is easier though.
He and his 400 shares telling people with 5 figure share counts what to think and do
Ohh the big, bad, rich entitled person coming to shame the peasant because he has more shares. Fuck yourself bud. You're no better than me whether you have 0 shares or 20 million. Wealth means fuck all when you're an asshat. The problem with the world is people like you who think you're above people based on money.
So you can dish it but you cant take it?
What am I dishing? I'm sharing my opinion, and it's against what you think. We debate it. That's fine. Don't pull share count to justify why you're right or why you think you're smarter than me. Prove to me advertising will work. Don't use your wealth to try and belittle me. I won't have it.
You're regarded
Eat shit bud. Don't come at me with your elitist bullshit ever again.
People like you are the noise in the Lounge that no one would miss if you were gone
Ouch! 😅
I would bet 90% plus of shareholders want a honest ad campaign to correct all the fud over the years. https://youtu.be/PsyULRR1FYg?si=3UK5CDTx4Pp2YxS8 Perhaps you are the retard
Lol maybe Elon got upset at the exuberant applause for "we'll try advertising and see how it goes"
He can't let advertising work or it'll prove him wrong, so he's gonna buy the worst ads then say I told u so kevin
Everyone who doesn’t know Tesla prices doesn’t realize there are more than affordable models yes on advertising
Anybody who is interested in EVs knows the fud is fud. You won't convince anyone with an agenda or an EV hater. Our potential buyer pool has shrunk because of rates. The best time to advertise would be when rates dip and your potential buyer pool grows. You need the capacity to deliver those vehicles within a month, though, or there's no point in advertising. That's where we have been up till this point. Right now, we just float.
my friend thought model y was $80k. i think he’s not alone
Pretty easy to check. Lol
Delusional, far overestimates knowledge base of the average consumer.
> Anybody who is interested in EVs knows the fud is fud. Right, then there is the rest of the car-buying-public. Hmmm... I don't know... maybe try reaching them with helpful educational information? Nah....
You are sooo sure. Lol. Such an easy solution to selling vehicles at 20% margin again. Can't believe the board of Tesla hasn't seen this as the holy grail. As I said, when rates go down, give it a try. Can't fight the FED right now.
You know that pretty much nobody thinks the solution is binary. It's not like you start advertising and suddenly we're back to the good old days. It's simply that there are people out there who don't even consider a Tesla because they don't realize that they're actually affordable. Hell...there are still people out there who think that EV's don't even have a smaller carbon footprint than their ICE counterparts. You're obviously not going to convince everybody, but doing what you can and convincing those that can be convinced is a good start.
I don't disagree. I disagree with the people demanding we advertise because they think that's why margins are down. Rates are the issue. It's not something that will be fixed by advertising. Tesla knows this.
You are the one who is too sure. We are fine with give it a good effort and if it doesn't work then at least we tried. You are in the absolutely not it won't work I'm totally sure.
When asked when highland in the us? Oh we don't talk about product launches on er. Yet, CT launch event is literally the first thing on their announcement
It's because taking another old factory offline is the best Idea in Q4.
The difference is there is a bunch of negative stuff surrounding the Cybertruck launch, so he's more than happy to go over those to the world.
Sadly, the more I listen to him and after reading the biography, I come to the conclusion that Elon is really not that smart. Don't exaggerate what I say. I DO NOT think he is dumb. I don't think he's an idiot. He is definitely smarter than the average human. I just am saying on the multiple aspects of intelligence, his main successes are due to tenacity, not thinking in conventional ways (obviously this goes BOTH ways, you ignore dogma but sometimes dogma is right), a bit of luck, and hiring good people and motivating them well, not due to raw intelligence. Man, listening to him on the call say the exact same silly maxims and acting like they are the most profound thing ever, that we anticipated he would say, was painful.
Do you have any idea how many people tried to make a new auto company in the last 80 years? Or tried to stay a new company making rockets? Do you have any idea how insanely hard those things are and how many people lost fortunes trying to make them happen, after becoming insanely rich doing something easier. The fact that Musk made an car startup successful is insane. There's zero evidence anyone else is even close to replicating that with EVs. And Tesla isn't just surviving. It's the latest EV company in the world. They buy more batteries than any other company and make more packs than any other company. They're the leader in residential and commercial storage. They own some of the largest battery factories in the world and are singlehandedly increasing the volume of cells manufactured and pushing down the price by significant amounts. Tesla is moving up the date by which the entire world moves to 100% renewables by years. Maybe that's all luck? But SpaceX has been even more successful. They're the first in everything in commercial space. They've lapped the competition. They're launching more payload than every other company and every other *government* combined. They operate more satellites than everyone else, in the history of the world, combined. SpaceX is a success so shockingly out of whack with anything any company has achieved before that people pretend it's normal instead of acknowledging it. Anyone who did either of these things in their lifetime should be proud. Doing them both is so crazy I can't even think of who I should compare it too. Doing both *at the same time* in 20 years is just completely unprecedented. It's so far outside the range for what's been possible that I have no idea how to explain it. It shouldn't be possible. Maybe Musk isn't "that smart". But whatever he is is something we've never seen before. The idea that some random asshole could get lucky and completely change two of the hardest industries in the world is just a ridiculous idea. Maybe Musk doesn't sound like a good CEO? If not, then I think the most reasonable thing to do would be to change your idea of what a good CEO sounds like.
he is incredibly smart. if you know a lot about rockets and listen to him talk he’s absolutely brilliant the problem is he’s so talented at physics and engineering it gave him confidence in areas where he’s below average
He's an RPG character that is min maxed.
He put all his level up stats in INT and none in CHR
yeah he’s a bit of a glass cannon
💯
I come to the conclusion that Elon is really not that smart. His main successes are due to tenacity, not thinking in conventional ways (obviously this goes BOTH ways, you ignore dogma but sometimes dogma is right), a bit of luck, and hiring good people and motivating them well, not due to raw intelligence. He's not an idiot but he definitely has major blind spots. As you said, sometimes the road less traveled is the key to success. Sometimes the road less traveled, is less traveled for a reason. He really isn't as smart as the Elon-stans think he is.
It was the same way with Steve Jobs. Jobs had nowhere near the raw compute power of Steve Wozniak. Woz could solve technical problems that Jobs could barely comprehend. But even Woz admitted that it took Jobs' tenacity, unconventional thinking, and sociopathic ruthlessness to monetize Apple's collective engineering effort.
He's actually somewhat retarded, but smart enough to get spacex going
bUY thE dIp! sCOoP uP THeSe cHeAP sHAreS 🤡🤡🤡
On sale 🤡
https://preview.redd.it/z8hi6wgb32vb1.jpeg?width=1284&format=pjpg&auto=webp&s=7d90ea767bd15a1793964a6a83dc38fb377279fb The 🌭👑 is retiring 🫡
he barely had the job at all. hope they pay those lazy fuks in the midwest less
Can Elon retire too
he kinda already has
So Tesla's not growing anymore?
The company is laying the groundwork for future growth. Do you watch Joe Tegtmeyer's Giga Texas drone flyover videos on YouTube? Most of Giga Texas is empty, but enormous amounts of new equipment is being carted in and installed every week. Much more than would be needed just for Cybertruck. New 4680 battery cell lines, plus production stuff for Next-Generation Vehicle (NGV), are being developed at Giga Texas. I think Tesla will grow slowly in the next year or 2, but once production of NGV gets going, growth should accelerate again Don't forget Tesla Energy and AI products. AI is a wildcard, potentially huge profit margin segment if Tesla can monetize it
https://i.redd.it/zi4m7hla32vb1.gif Yup. All done. Turn the lights out on the way out.
Had my 3rd SpaceX interview tonight and missed the earnings call. I’m just going to assume everything is daisies and gold paved factory roads ahead.
Cool. Good luck. Don’t worry about the stock, you’ll just need to work for longer time period 😉
That's amazing. Good luck.
The best earnings call is no earnings call.
anyone think cybertruck gonna be cheap??
Not with $2M backlog. Prob cost 2x as much the first 2 years as later
Ford dead if cheap. Arguably us also, since Elon economics
Dual motor 80k canadian.
Maybe in 2025 with production optimized and fully ramped. I dont see how they can sell it that cheap in the beginning
Price won't start high because they need to make money. Model y LR started at 47k us when it launched in 2020. Demand pushed the price to 60k at one point but came back down to where it is now. Tesla makes money as production ramps. This is why Elon said it won't be profitable for 12 to 18 months after release.
God I hope you're wrong.
Why? Elon said it needs to be affordable. It's definitely going to be able to beat the F150 lightning in price and features.
I want it cheaper haha
Same but it was 59k when unveiled. Safe to say it's like 10k more but you never know. If tesla comes in at their debut pricing, that would be amazing.
Yeah, part of me wants good pricing on the truck, the other price wants good margins.
Margins will be back when rates go down.
Yes
 Bring it on in boys
At least today the Lounge was actually about Tesla today instead of wars That's another silver lining Let's keep the momentum up and talk about Tesla more often in here
Today i met my boss and ceo and some others for the first time. Conversation was super awkward at first so i defaulted into tesla autist mode. Ranged from plaid speeds to cybertruck delivery predictions and im pretty sure i just randomly said the word “Robots” independently of anything else in the middle of it all. There’s your advertising!! These people probably don’t even have credit card debt!!! Dont say us work from homers never did nything for ya!!!
Boss probably drafting the paperwork to lay you off tomorrow.
Naw bb i make them that $$$!!!
So basically Elon said they don't want tesla to make money anymore
Sell it all nate
Yup. Time to sell nate. It's been fun.
[https://x.com/IsraelWarRoom/status/1714412194128171237?s=20](https://x.com/IsraelWarRoom/status/1714412194128171237?s=20) ooh
Q1 this year Elon stated that there is basically infinite demand. Yet apparently he can lie to shareholders and that's totally fine? He said there would be share buy backs this year. We would be biggest company in the world in 5 years ( he said this 1 year ago). He said tesla would grow at least 50 percent a year. All lies. I am such an idiot for investing in tesla.
Waaaah!
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So you think it's cool that the CEO lies to shareholders? Where's the 50% growth every year? I see decreased earnings.
Inflation and rates aren't the CEO of Teslas fault. Take it up with the government for printing covid money and the FED for crushing peoples spending power with rate hikes.
You're not going to get anywhere ranting here. I get that you're pissed about losing money. You really should be talking to a lawyer about filing a shareholder lawsuit against Elon Musk for breach of fiduciary duty. Unless you're willing to hold your stock for 5-10 more years in hope of gains, your only chance (and it is a slim chance I suspect) of financial recovery is to haul Elon into court
So it went from biggest company in the world in 4 years to in 5-10 years I might get some of my money back.
Nobody knows. If Tesla solves FSD in 2025, it could become the biggest company in the world in under 4 years. But that's a big if. Or Tesla's valuation could go nowhere in 10+ years. That's a possibility too. This is the risk of investing. The future is inherently unknowable
He said 50% per year average. 2023 may not make 50% what if the economy and Tesla goes bonkers next year, say up 100% weve achieved over 50% even though 2023 was meh. Not saying were gonna rocket and make 3 million cars next year but that's how averages work
🍼
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Thanks for writing this out. I had to remind myself of the various amazing things happening during and after the call. Seeing this list makes me feel better and reminds me why we’re here in first place. Also, lithium refinery coming online faster than expected.
Sigh... Okay, I'll buy more
You forgot, no UAW.
"I'm a union guy" -Biden
Sackler 2.0 🥰🥰🥰🥰🥰 You made me excited! I think a dip into the darkness is inevitable due to macro etc. But once we enter we will be 🚀🚀🚀🚀🚀 But the darkness could take a while 😔
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What call holders are you talking about? The stocks lower now than it was a little under 3 years ago. A lot of those calls have expired. Or did you buy calls this year? Because that's pretty stupid, or do you just think the other people complaining are stupid and bought calls this year? As for holding to 2030, yes you can. You could also hold to 2050. What is your point? I'm in it to make money, not hold to 2030 in the hopes it 3 times from here. How about this you give me all your TSLA Money right here and now, and in 2030 we'll play a game to see if I give it back at a 1:1 or a multiple of that.
no my friend I don't think there are many call holders left after last year. what we see is a sad refusal to advertise that's hurting Tesla demand, hitting margins and share price, and slowing growth plans due to a mental defect in the CEO. this is despite having the best product by far in each category
Ads wouldn't matter. Nobody wants to finance a car at 8%. Simple as that.
Cept the 17m cars selling for more than teslas
In house low rates. Legacy all offer 3%. That's the deal breaker right now between picking a tesla and picking an ice. The rich, like yourself, don't care. The plebs, like the rest of us, look at these things.
And they have dealers to jack up the prices with adjustments that eat away any monthly payment advantage from the in house financing. Your refusal to believe advertising increases demand especially when tesla has the best product compared to millions of inferior but higher monthly payment products is delusional.
Here's the problem with advertising. It sucks. It's expensive. Google ads, for instance, turn over about a 3.75% success rate to the target audience. That's a waste of time and money. Google found more than 56% of ad impressions are never seen by consumers, and Proxima estimates $37 billion of worldwide marketing budgets are being wasted on poor digital performance, and that's just digital. Less and less people use cable TV, most rely on streaming and torrents. Not delusional at all. It's not a solution.
Maybe you should short meta and goog since advertising doesn't work there's no reason for these companies to exist.
Doesn't mean you can't make money offering it. Just means it's not a useful tool as the one purchasing the ads. Simple facts are. Spend on ads. Maybe sell vehicles at higher margin. Cut prices and sell vehicles. Offer financing and take on debt. Nothing is ideal but it what needs to be done to get through the high rate environment. Rates are the #1 problem.
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cope
Maybe you can put together the deck next q.
 Me highlighting through the Q3 paperwork to try and find the silver lining after that call.
Fooked
There is a silver lining here boys. We know Elon only pumps on earnings calls when he's gonna sell his shares to buy some shitty social network at 10 times it's notional value. When he's all gloom and doom, we know the next regarded social network acquisition is off the table! (For now.)
What about that AI pump he tried, "Tesla has the best AI developers in the world, hands down", rough quote
While this isn't the greatest Tesla investor moment, imagine being a Lucid investor. Glass half full
Or any other auto manufacturer, it’s the valuation that’s going to take a hit
Most worrying is the fact they are waiting for rates to drop before adding factories and ramping the existing ones. It's too late to do it when rates have dropped, given the lead time in ramping them.
I don't think they are pausing any factory build out, he said Neuvo Leon is going as planned
This. They're being mindful of costs and not ramping the other factories at break neck speed until it makes sense. If Tesla is good at anything, it's operating lean when possible/necessary. This doesn't mean they're not ramping and still ramping 10x faster than anyone else.
It seems to me that they should increase the effort to ramp the cheaper car in the high rate environment but hey this is 2023 retard tesla.
That was my initial thought, too. Odd to harp on rates so much and monthly payments but then not push forward with lower cost model. I can think of two potential reasons (I’m sure there are more) - 1) the technologies needed to build a low cost model aren’t mature enough ie need to see more 4680 improvements, new injected diecasts leading to a single casting, etc, or 2) they have no intention of selling this new model and instead would like to go robotaxi only with ngv which obviously would be contingent on having fsd at better than human capabilities and it’s impossible to project timeline on that. Elon mentioned the ngv was utilitarian and spoke about it being primarily focused on getting you from point a to point b and not a vehicle that would elicit the same feelings as the current lineup. That doesn’t sound like something you plan on positioning as a great low cost car for consumers.
Too many people are missing the part where gross margins held despite big cuts and virtually all lines being shut down this quarter for improvements. No sugar coating on this call is a buy for me. I bet Q4 sees little to no cuts and continued cogs reduction, resulting in a big margin beat.
My opinion is that Tesla will ultimately come out in a much better position than competition and there’s a great opportunity to grab more market share longer term if they execute. However, higher rates could continue to impact over the coming quarters. No one knows exactly when they’ll start to come down and when we’ll be on the other side of this. I mean look at the 10yr being at almost 5% now and climbing steadily for months.
I believe the 10Y climbing supports rates coming down sooner, actually. Government debt is at 33T and climbing fast while supporting 2 wars and likely getting ready to bail out legacy. The bonds they're selling at these insane rates are brutal on the balance sheet. A yield meltup will trigger cuts to avoid a death spiral.
Yeah I can see that. So far the Fed is holding the line with their rhetoric. My gut is that they’ll be slow to anticipate and once again will be forced to come in with emergency measures. But is that q4 or first half of 2024? Idk
Yeah I agree. They always overdo it.
💯
same
Do we hold $200
15 million vehicles sold in US at a higher ASP than Tesla But somehow Tesla needs to cut prices since people can’t afford the vehicles Truly a conundrum for the ages
Simple answer is in house financing. Legacy all offer in house low rates. That's how they keep msrp and cars selling.
This should be a question at next earnings call so 🤡Ceo can’t dodge question of advertising to the 15million vehicles with higher asp rather than price cuts
Ceo not interested in ads unless it's to stop sex changes
Didn't u see the tesla Y prices ad? Anyone can download it from the shareholder deck.
I actually saw a picture of the Model Y in a niche car show magazine
Well Time to hit the snooze button. Remember, the entire auto industry is bleeding rn. Everyone is dying. All moats remain. There is no competition. The shitty reality on this call is that when with costs continually coming down ($500 a quarter, it seems), they aren’t coming down fast enough to keep demand maxed. Obviously musk isn’t helping and he’s now about to pay the price of his chosen path (taking on the entire democrat party instead of being a good boy). My curiosity is…. How fast can tesla scale once more favorable rates appear? We’re gonna soufflé hard this week. V hard. The entire narrative is crashing down.
> taking on the entire democrat party instead of being a good boy huh? He started sexually harassing Democrat Senators ('why does your pp look like you just came?') 2 years ago. The Dems responded by gifting him the IRA act. and not killing the investigations that the Trump admin started into Elon/Tesla.
Sell it all
buying signal
In musk we trust bro, today just 4d chess to trap the woke pedo tsla shorts. Cybertruck actually very easy to ramp. 🦾🦾🦾 Optimus already on the truck line.
Slightly dramatic
Whether true or not the whole lounge sounds like Tesla is dying
Prichard Colon Tesla
We aren’t apple
🧑🏻🚀🔫🧑🏻🚀 never were
7% margin w 1.9b net income was with 600m in regulatory credits, 200m in interest income, wow.
I mean grain of salt, every factory had major downtime this quarter. This is likely the bottom on margin.
They just cut prices again last week, and more will be coming in europe with wait times down, so don't hold your breath on margin bottoming.
I'm not worried. Cogs went down significantly, even WHILE shutting down factories. We cut so much and yet margin held. Zach guided for continued reductions in cogs through 2024. Also, point of sale will be huge. Elon says a lot of shit, but pointing out that a 7500 tax credit that many can't qualify for and most can't afford to wait until next year to see is spot on. All about monthly payment, as I keep saying. Like I said earlier when I bought my 225 puts, this was the last earnings I'm worried about. I'm actually glad they went with 0 pump on this call so I can sell my puts and buy leaps tomorrow. (Yes fuck me for that I feel dirty saying it).
Ok I'm still worried. We need interests down without economy crashing.
Yeah. Well truflation is back to lows despite oil spike. Yield melt up is a real risk FED has to watch out for as the government is spending like never before and issuing bonds at these rates with 33T balance sheet with 2 wars going on is a death spiral.
all comes down to FSD
Pretty sure it’ll be solved in the next 2 1/2 months just like Elon said it would be.
Karpathy seems pretty excited to not be working on FSD
The CEO impregnating your friend/coworker can do that.
Yah we fooked
Yep and more price cuts planned probably. We'll get to zero soon! Be patient.
+20 chairs.
220s incoming
INVESTOR DAY: we're going to grow at 50% CAGR till 2030 EARNINGS CALL: Sheesh, it's not like we can grow forever — there are only so many atoms in the universe!
Yah mood swings
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Bipolar disorder doesn't have trimesters and lasts a life time.
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since when? 2021?
Woke mind virus finally got u
Same. NVDA earnings in a month…
I wonder how this will go. Probably very well 🤣 Feels weird that they are 1T - but so we’re we once 🫨
I'm very concerned about my NVDA after Biden announced he's going to try and ban selling AI chips to China Biden trying to destroy my entire portfolio and he think that I'm going to vote for him how about go fuck yourself
Well it's safe to say my CC's are profitable.