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by winston » Mon Apr 24, 2023 2:52 pm
In Wednesday's earnings report, the company disclosed that its profit had plunged 24% year-on-year to just over $2.5 billion.
"We've taken a view that pushing for higher volumes and a larger fleet is the right choice here versus a lower volume and a higher margin".
by winston » Mon Apr 24, 2023 3:25 pm
Tesla has the wherewithal to sell cars at “zero profit” and then earn immense sums later off driverless software.
Lowered the cost of its top-selling Model Y by 29% in the span of just a few months.
by winston » Tue Apr 25, 2023 8:59 am
by behappyalways » Tue Apr 25, 2023 3:35 pm
by winston » Wed Apr 26, 2023 5:36 pm
Robotaxi business could bring in $613 billion in revenue by 2027 and account for two-thirds of the company's enterprise value.
It's possible Tesla unveils fully autonomous software by the end of the year — which CEO Elon Musk predicted on the company's first quarter earnings call — though she believes mid-2024 is a more realistic expectation.
"We think the market for robotaxis globally could be worth $9 to $10 trillion in the next decade".
by winston » Thu Apr 27, 2023 7:18 am
The brand, whose image is associated with affluent urbanites, environmental advocates, and consumers generally with above-average purchasing power, now seems to be targeting average Americans.
In four months the Austin carmaker has lowered its prices six times, including twice in April. As a result, the Model Y SUV, the world's best-selling EV, now costs significantly less than the Ford Mustang Mach-E, after buyers apply the $7,500 federal tax credit.
Tesla has a product that will become a cash machine - Full Self Driving. This feature, designed to enable Tesla cars to drive themselves, currently costs $15,000. Musk calculates that the company could also sell the service to competitors.
by behappyalways » Fri Apr 28, 2023 3:35 pm
by winston » Wed May 03, 2023 7:40 am
Since January, Tesla has shifted to a real-time pricing model that is closer to airlines or ride-sharing than the fixed prices of the traditional auto industry model.
by behappyalways » Wed May 03, 2023 5:08 pm
by winston » Wed May 03, 2023 8:46 pm
The long-range version of the entry-level Model 3 is priced at US$47,240 currently, about 18.5% less than the US$57,990 it was priced at last August when Tesla halted taking orders in the US and Canada.
Tesla expects to resume delivery of the long-range Model 3 electric sedan in June, according to the website. However, it is still not accepting orders in Canada, the website showed.
The long-range version of the entry-level Model 3 has a range of more than 523km on a single charge.
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