I hope the purchase of twitter and the subsequent leverage he has on politics and government is worth it. /s
- Total revenue fell by 12% year-over-year (16% contraction in the core automotive segment)
- Operating margin fell to just 4.1% (was 6.3% a year ago)
- For a second straight quarter, production significantly outpaced deliveries. Global unsold inventories now at 24 days of supply (was 18 days a year ago)
- Free cash flow collapsed by nearly 89.1% to just $146 million
source: https://www.signalbloom.ai/news/TSLA/teslas-q2-revenue-drops... (disclaimer: I run this)
That trillion dollar market cap, OTOH? That seems super vulnerable.
> Tesla has confirmed through its delivery report that Cybertruck sales have now dropped to ~5,000 units per quarter.
> After planning for a production capacity of over 250,000 units per year, Tesla is currently selling the pickup truck at a rate of ~20,000 units annually.
This car's marketing touted it as a vehicle built for Mars and you somehow believed it hook line and sinker.
I’m just trying to make sense of the situation. It’s a shit car, ugly as hell, everyone hates it, etc you don’t see that very often nowadays. Everything is usually so sterile and researched to death in advance. By the time it hits the market there is usually going to be some demand. It’s new to me that a billionaire just whips his dick around and does whatever he wants, market fit be damned.
Then the process didn't work, but either marketing or just Musk we're already attached to the shape and aesthetic.
"Exoskeleton" is I think what they were calling it.
The vehicle built for Mars is pure unadulterated marketing fluff just like the 'bullet proof' windows and siding that can only stop slow pistol rounds.
Deliveries where ~3k lower than production each quarter, so there are 15k of them stuck somewhere. Given the pace of depreciation, they may even soon be available at the price Elon initially announced !
A "new" car that is last year's model will effectively hit the owner with a year's depreciation the moment they sign the sales contract.
There has been talk for years of Tesla opening a local factory, but this remains just talk.
Population of US: ~340M
1 percenters of US: ~3.4M
1% of 1 percenters of US: ~34K
Population of India: ~1.4B
0.1 percenters of India: ~1.4M
1% of 0.1 percenters of India: ~14K
So if you only target the extreme top of the wealth demographic in India, the numbers still matter. If you somehow convinced 1/2 of 1% of the millionaires in India to purchase a Cybertruck and donate it to a local mobile health clinic, you would increase global sales of Cybertrucks by 100%.
Is there any way sales in New Mexico will have a meaningful impact on Tesla's bottom line? West Virginia? South Carolina? There are more Tesla dealerships in New Mexico than in all of India.
mixdup•1d ago
TheAlchemist•1d ago
mgiannopoulos•20h ago
TheAlchemist•20h ago
So yeah, sales may jump in the US (and will continue to crater in EU and China), but that won't do much for their profits. It can only help 'move the metal' as they say.
mgiannopoulos•13h ago
jjfoooo4•12h ago