Problem is, anyone can have what Walmart sells.
Nobody really has what Tesla sells.
Nobody really has what Tesla sells.
5,000 massive scale physical retail buildings (at a time when other physical retail is being mauled), a brand with buyer loyalty that took half a century to create, operating on a 3% profit margin in a hyper low margin business, and excellent real-estate locations across most of the US.
Be sure to wave to Kmart, Penneys, FW Woolworth, JG McCrory's and Sears on the way to having what Walmart has.
No, you can't have what Walmart has.
Nobody can afford to replicate what Walmart has built up over time. And if you try to compete with them via ecommerce instead of physical retail (thinking that will somehow be cheaper), you'll need to spend tens of billions of dollars on distribution to do it (and good luck competing with Amazon).
If you had to choose who to compete with, Walmart & Amazon or Tesla, that's a comically easy choice. That's why companies like Nikola or Rivian exist (and 37 Chinese Tesla clones), and absolutely nobody is eager to build a thousand new giant physical retail stores to go after Walmart (besides, you can't get the money to do it, there are no funding sources for that financially suicidal move).
No you wouldn't, just buy a Chinese scooter (sub $1500) and see how much of a headache their electronics are on something you need for transportation. They make EV ones, too, which would probably be the best gauge with its limited range.
Its a horrible experience, they honestly have no QA/QC to speak of in their vehicle division(s) they just build and ship them like that in masse, its so wasteful as they will most likely end up in a landfill when problems arise as they're priced at near disposable level.
They may have processors and subsequently phone's down, but the amount of errors on an EV would make me want to drive the thing into a wall.
As for the Tesla stock price, I think its pretty high given where they are in terms of CURRENT scale. I put a deposit down for a Cybertruck knowing full well its QA-QC won't be sorted until 1-3 years after the release as its an entire new chassis, but those funds help make that happens and even in the interim they're pretty good about repairs/returns provided they can get the parts for them.
Its stock price is am indication of just another way to park hot money in the economy, at least its going into something of actual value and helping the environment rather than inflating another commodities bubbles that fomented war and revolution all of the World, as we saw in 2008.
It may not be rationale given the constraints of their CURRENT production capacity, but their Manufacturing presence in 3 different continents and their supercharger network alone didn't seemed priced in with its stock at below $500 in my opinion.
I told people to buy more during the 'Bankwupt' joke at mid 200s, Elon is a total troll Online/Twitter but I've been in the Auto Industry for quite some time and went to Interview several times at the factory in Fremont and they are not a car company, they seem more like an Electrical/Battery manufacturer that uses cars to sell its core product(s). The guys I met with in the Supply Chain are the real deal, once the constraints of Model 3 lines and ramp up happened what they undertook was nothing short of immense.
I hope the guys at the factory are slowly cashing out some of their positions as the Manufacturing guys are not paid very well and this money after the shut down is probably needed.
Buy the EV scooter, and put your money where your mouth is and post your progress as you use it (and only it) as a daily then. I'll gladly take back my words if you make it work. It may work temporarily and intermittently, but it's unreliability is what underscores that 'meme' to me.
> It's some basic car components, some motors and a battery, more or less.
Yes, but the notion of making it reliable is something that is simply not in the Chinese DNA of Manufacturing. Cutting corners everywhere and mass producing and saturating the Market with an inferior, albeit low priced, compromised product is what takes precedence and stealing the IP to mass produce an imitation isn't the same as developing something with your own in-house RD department and then refining and iterating as you ID problems and address them as you scale up production. Because with Chinese products once its shipped, its 'out of sight, out of mind.'
But, I don't have an EE degree so I'd like to see this challenge be met. I was however a privateer driver and mechanic in Motorsports since I was 16 until my mid 20s and spent quite a bit of my Auto career in 2 of 3 of Germany's Big 3 Manufactures in various roles onward after that--VW and BMW which are also known to be plagued with unreliable electronics. And then went to Nissan (which his what I drove/worked on all along) after that, so I know how to diagnose and wrench. A trend you should notice is how I followed the EV program development/transition of each manufacturer.
And those 'basic components' like batteries are something even Nissan Japan couldn't get right for nearly the first decade of the Leaf program and have only recently been able to achieve better reliability due to the arduous, and tireless refinement process as they were the first mover in the Industry.
I doubt anything with 4 wheels, EV and Made in China is going to make it to the US right now, and rightly so, given the current stance (which is still incredibly weak in my opinion) on the CCP.
So 2 wheels will have to do.
Clarity: I'm not a protectionist and I'm actually a staunch proponent of Free Markets, what I'm not in favour of is the CCP which is anything but Free Market.
Aren't batteries mostly purchased from large battery mfgs now? Tesla doesn't quite make their own batteries, they partner with battery manufacturers. Because the battery pack is a major safety item, there's only so low China can go before they make something that won't get to market.
You like top quality stuff and that's great. I don't care. I'm happy to save money and buy something that is as good as I need it to be.
Also they are somewhat delayed because someone figured that it would be a good idea to create a lot of new software(a whole new OS?) specifically for this car.
Fake FSD, the real profit center. They can't recognize the revenue, but the market has realized they don't need to. They never have to deliver.
Even then I don't know if an $8,000 scam feature is enough margin for a 1,000 PE ratio.