Bloomberg Technology
Tesla Cuts Prices Again in China
Tesla Inc. shares dropped after the carmaker cut prices again in China and said its lone European factory will be disrupted by attacks in the Red Sea. Craig Trudell reports. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: Get the…
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January 12, 2024 at 2:54 pm
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@JoseFlores-lt8kt
January 12, 2024 at 4:15 pm
Tesla is slowly crashing to much competition
@tongtran007
January 12, 2024 at 5:23 pm
Tesla is still the EV leader especially when considering margins. I would more be worried about legacy automakers as they are scaling back their EV goals lol
@free-qe6wx
January 12, 2024 at 5:48 pm
Except their margins are not collapsing. 🤣
@skyak4493
January 12, 2024 at 5:51 pm
You are whistling though the graveyard. Tesla started with very high margins, that is true. But it is also true that tesla margins are nothing special for luxury cars. Now consider tesla’s product line with nothing cheap compared to the companies that just bolted past them -by selling lower priced EVs! You sound like some stogy auto exec dismissing Japanese carmakers in the 80s.
Speaking of old US automakers, I bet their earnings and share prices hold up better. They build what customers want, EV or IC…and at a P/E of 6 to 7, they can’t get any cheaper. Tesla has a forward PE over 50 so they are way over priced now earnings growth is going negative.
@tongtran007
January 12, 2024 at 7:13 pm
@@skyak4493 you are comparing Tesla margins with other luxury car manufacturers except that Tesla is transforming into a massive automaker selling at much higher volume. 1.8million EVs in 2023 and probably 2.2million in 2024 with great margins. No other automaker is selling EVs at this level with great margins. In fact most automakers are losing money selling EVs. Tesla is just getting started and the future is bright.
@brunoheggli2888
January 13, 2024 at 3:38 am
Its game over for Tesla!
@skyak4493
January 13, 2024 at 1:29 pm
@@tongtran007 Yes I am comparing margins to similar products serving the same function. You can put blinders on at your own peril.
Tesla is making and selling an unprecedented number of the same model of luxury priced cars. Luxury buyers tend to pay more for unique cars. The luxury segment is going electric first -by regulation. The luxury segment is not growing, it was expanded by EV subsidy. The luxury EV segment is already stuffed with competition and getting worse. EV growth will be in other segments -primarily commercial and lower priced where tesla has no entry. In 2023 tesla sold far more vehicles and made less money -24 will be worse.
Your argument to use better margin numbers from the past with lofty projections of volume for the future obscures reality. Earnings already peaked, EV share will decline, and competitors won’t go away like the stock price implies they will. Look up the history of the Ford model T -tesla is a replay.
@free-qe6wx
January 12, 2024 at 5:48 pm
“Ended in tears for Hertz,” you say? This ends in tears for anyone stupid enough to buy a Tesla.
@skyak4493
January 13, 2024 at 1:32 pm
$17k sounds like a decent price for a model 3 that sat in a hertz lot for 2 years.
@maddie23348
January 13, 2024 at 1:53 am
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@ssimon1328
January 13, 2024 at 5:06 am
Poor Telas going yo losing out China
@drgarfield1
January 14, 2024 at 2:37 pm
Tesla still making Profits