If it ain't Dutch, it ain't much -
Tesla is a fascinating study.
Worth more than Ford and Gm yet has never made a profit. Has lost 20 billion total over the years.
Latest quarter they lost over 700 million.
They lose money on every car. Quality control seems terrible.
Tesla service centres cannot service the cars and don't have parts handy.
The company has received billions in subsidies.
Musk is an amazing salesman but I wonder how long he and Tesla can go on.....
In tech you don't need to make money. Look at the market valuation of Amazon before it started turning a profit. He can burn money because they believe once he dominates the US car market, profits will roll in. Right now though they are ramping up production and building charging stations all over th country.
Amazon is a good example for sure.
Maybe Tesla can pull it off but next year brings so many new hybrid and all electric models from all manufacturers on to the market.
With declining EV purchase subsidies (just look at what happens to Telsa sales in countries that pull the govt. Subsidies) it will be very difficult to maintain sales.
The model 3 is losing money at $50000 dollars and up and you can buy the Chevy Bolt for well under $30k and get it today.
The Tesla trucks have fallen off the radar and the Hyperloop seems as viable as the Springfield monorail.
I think in a few years or less it will look pretty silly to pay 100k for a model S or X and if Tesla is losing money on these cars at this price point then what happens 2 years from now?
Honestly, Tesla deserves a lot more subsidies than they have gotten. Our government needs to take moving to solar power a lot more seriously. Same with making the move to self-driving vehicles, especially RVs. All of this should be accelerated as quickly as possible.
It's not even just about the environment, although that is huge. But it's also about saving lives and saving money by having less reason to occupy so much of the middle east.
If subsidized and mandated properly electricity could be free all over the country within 10 years. And then we could shift a lot more focus to desalination.