Tesla: Sales, Marketing, and Financial News
#2481
Sanest Florida Man
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Comfy (10-25-2021)
#2482
Ex-OEM King
Nice. Glad I won't have to drive some shitbox Nissan next time I go somewhere.
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Comfy (10-25-2021)
#2483
Sanest Florida Man
I'm more interested in how they'll service them, seems like Hertz would train their mechanics on fixing EVs instead of relying on the local Tesla service center. Maybe in a few years Hertz build off of that and gets into the 3rd party EV mechanic business, that'd be great
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Comfy (10-25-2021)
#2484
Ex-OEM King
We'll see how the interiors last but the Tesla drivetrain is designed to last 1 million miles and the battery is currently 300-500k miles (the 4680s are unofficially designed for 1million), and software updates keep the car relevant so I would expect them to hold on to them longer.
I'm more interested in how they'll service them, seems like Hertz would train their mechanics on fixing EVs instead of relying on the local Tesla service center. Maybe in a few years Hertz build off of that and gets into the 3rd party EV mechanic business, that'd be great
I'm more interested in how they'll service them, seems like Hertz would train their mechanics on fixing EVs instead of relying on the local Tesla service center. Maybe in a few years Hertz build off of that and gets into the 3rd party EV mechanic business, that'd be great
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Comfy (10-25-2021)
#2485
Sanest Florida Man
This could be huge for word-of-mouth growth. Tesla doesn't advertise (the media hates this) and many owners bought one because they know someone who bought one and got a test ride. This is now another way to introduce EVs to more people, especially people who don't know someone who has a Tesla
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Comfy (10-25-2021)
#2486
Sanest Florida Man
Also when FSD launches Hertz could make them autonomous. When the car isn't being rented it could be out driving people around instead of sitting in a parking lot waiting to be used. ![Popcorn](https://acurazine.com/forums/images/smilies/popcorn.gif)
Potential game changer...
![Popcorn](https://acurazine.com/forums/images/smilies/popcorn.gif)
Potential game changer...
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Comfy (10-25-2021)
#2487
Tesla Model 3 is now in British NHS fleet. about $500 per month lease with insurance, registration and maintaince included. December delivery long range AWD.
welcome to Chinese export machine.
https://www.nhsfleetsolutions.co.uk/special-offers/
welcome to Chinese export machine.
https://www.nhsfleetsolutions.co.uk/special-offers/
#2488
Wow. But what about the turning radius? I thought no one would want Tesla because of poor tire choices and turning radius. LOL
The stock is going bonkers. Close to crossing over 1000.
The stock is going bonkers. Close to crossing over 1000.
#2490
Sanest Florida Man
This could be huge for word-of-mouth growth. Tesla doesn't advertise (the media hates this) and many owners bought one because they know someone who bought one and got a test ride. This is now another way to introduce EVs to more people, especially people who don't know someone who has a Tesla
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Comfy (10-25-2021)
#2491
The floodgates are opening. Bwaaaahahaaahaa …..
#2492
Ex-OEM King
It's hilarious how you are so excited about a car you don't even own that you quote your own posts lol.
I drive ICE and EV cars every day, the EV definitely has the upper hand for rapid acceleration but the ICE cars do just fine for what they are designed for. Went to dinner with my parents, brother, and sister yesterday and everyone comfortably fit into the Subaru. They wouldn't have fit into the Tesla.
I drive ICE and EV cars every day, the EV definitely has the upper hand for rapid acceleration but the ICE cars do just fine for what they are designed for. Went to dinner with my parents, brother, and sister yesterday and everyone comfortably fit into the Subaru. They wouldn't have fit into the Tesla.
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pttl (10-25-2021)
#2493
![Dunno](https://acurazine.com/forums/images/smilies/dunno.gif)
https://twitter.com/giscope/status/1452664297759326212?s=21
Maybe that’s one of the reasons they decided to manufacture Model 3 at Giga Austin as well.
Last edited by Comfy; 10-25-2021 at 01:10 PM.
#2494
Sanest Florida Man
Although I like Tesla and it's tech, it's way overpriced so I'm buying some puts two years out
https://markets.businessinsider.com/...-12-1029859345
https://markets.businessinsider.com/...-12-1029859345
https://finance.yahoo.com/news/tesla...211817273.html
I'm looking at 2023 "puts" in the $80-140 range
I'm looking at 2023 "puts" in the $80-140 range
#2495
Why desperate act? It’s the most appropriate action in the current (and future) situations. They just emerged from bankruptcy. The new owners want to make a positive impact with the new direction Hertz is taking. They probably already analyzed the pros and cons of ICE vs EVs and decided that EVs are the only option and Tesla is the only one that can deliver on that promise with the production ramp. ![Dunno](https://acurazine.com/forums/images/smilies/dunno.gif)
https://twitter.com/giscope/status/1...759326212?s=21
Maybe that’s one of the reasons they decided to manufacture Model 3 at Giga Austin as well.
![Dunno](https://acurazine.com/forums/images/smilies/dunno.gif)
https://twitter.com/giscope/status/1...759326212?s=21
Maybe that’s one of the reasons they decided to manufacture Model 3 at Giga Austin as well.
Remember you need create Natural gas or Coal which is than transported to power plants and than it is transported on main KV lines than there are transmission and distribution losses to supply to superchargers.
you dont have that losses on crude pipelines. Elon has single handily finish off automobile industry.
Tesla model 3 delivery date is now September Next year for basic version. I am sure by that time price will be over $60K.
https://www.tesla.com/model3/design#overview
As i said as before it is time for Elon to dissociate from Tesla Shanghai. Let Chinese put there own name plate and sell to rest of the world. Elon does not visit Shanghai anyway so his management skills are not needed.
https://www.teslarati.com/tesla-giga...ont-elon-musk/
Elon Musk confirms that Tesla Giga Shanghai now exceeds the Fremont Factory
#2496
My first Avatar....
....and then they will experience the instant torque of an EV and be blown away by it. Then they will return the Model 3 to Hertz and later climb back into their ICE car and press the gas pedal, the disappointment will be immeasurable. They will never buy another ICE vehicle, they will wait to get an EV, likely a Tesla.
![what](https://acurazine.com/forums/images/smilies/what.gif)
![pofl](https://acurazine.com/forums/images/smilies/pofl.gif)
#2497
Team Owner
That is exactly how Trumpettes are, they would come up with their script of how the world runs and state it as some kind of fact.
Yes. my parents would love the instant torque and race everyone from light to light and one day they would ask me to to buy them a Tesla because they can't live without the instant acceleration that an elderly driver can't live without.
Maybe there are a few but I personally dont know anyone who owns Tesla or any other EV that dont have at least a gas car at home.
Yes. my parents would love the instant torque and race everyone from light to light and one day they would ask me to to buy them a Tesla because they can't live without the instant acceleration that an elderly driver can't live without.
Maybe there are a few but I personally dont know anyone who owns Tesla or any other EV that dont have at least a gas car at home.
Last edited by oonowindoo; 10-25-2021 at 03:53 PM.
#2498
The question is not if they have any gas cars at home since almost all will have one or more. The real question is how many will continue to buy a new ICE car after the fact, or continue to buy for how many more years.
My guess is that the majority have already purchased their last ICE vehicle. The minority will continue for the next few years and then suddenly realize their mistake. That’ll be the end of ICE age as we know it. Sure there will
be some specialty vehicles still puttering around, but that’ll be a niche market.
My guess is that the majority have already purchased their last ICE vehicle. The minority will continue for the next few years and then suddenly realize their mistake. That’ll be the end of ICE age as we know it. Sure there will
be some specialty vehicles still puttering around, but that’ll be a niche market.
#2499
do you seriously think it make any logical sense?. buying $43K car with practical range of 200 miles. and consumer will pay the huge insurance and kw cost of Tesla at supercharge stations. its new way of screwing consumers. when you rent a car you dont have time to waste on home charging.
Remember you need create Natural gas or Coal which is than transported to power plants and than it is transported on main KV lines than there are transmission and distribution losses to supply to superchargers.
you dont have that losses on crude pipelines. Elon has single handily finish off automobile industry.
Tesla model 3 delivery date is now September Next year for basic version. I am sure by that time price will be over $60K.
https://www.tesla.com/model3/design#overview
As i said as before it is time for Elon to dissociate from Tesla Shanghai. Let Chinese put there own name plate and sell to rest of the world. Elon does not visit Shanghai anyway so his management skills are not needed.
https://www.teslarati.com/tesla-giga...ont-elon-musk/
Remember you need create Natural gas or Coal which is than transported to power plants and than it is transported on main KV lines than there are transmission and distribution losses to supply to superchargers.
you dont have that losses on crude pipelines. Elon has single handily finish off automobile industry.
Tesla model 3 delivery date is now September Next year for basic version. I am sure by that time price will be over $60K.
https://www.tesla.com/model3/design#overview
As i said as before it is time for Elon to dissociate from Tesla Shanghai. Let Chinese put there own name plate and sell to rest of the world. Elon does not visit Shanghai anyway so his management skills are not needed.
https://www.teslarati.com/tesla-giga...ont-elon-musk/
Elon Musk confirms that Tesla Giga Shanghai now exceeds the Fremont Factory
“Better To Remain Silent And Be Thought A Fool Than To Speak Out And Remove All Doubt”.
Tesla owns 100% of Giga Shanghai. So there’s nothing Chinese about it, other than the people who work there, unless Chinese government decides to assume it’s ownership in violation of all international rules.
What’s this fetish about insurance. Now whenever I rent a car, I never buy separate insurance unless in some states where they require specific insurance. Even in that case, Hertz or other rental agents have their own standard rates for all cars in that category. EVs may be even lower since their upkeep and maintenance is much lower.
If I fly to a city where I need a car, I don’t go running a cannonball run with that car. Most likely I need it only within that city. If I had needed to travel much more than the range of that car, I would have simply flown to that city further away instead. LOL.
Let’s not talk about the debate about EV and gas transport/ transmission. The quote I posted in the beginning applies to that.
![Big Grin](https://acurazine.com/forums/images/smilies/biggrin.gif)
I’m sure even Sam and Onoowindoo are laughing heartily.
![Wish](https://acurazine.com/forums/images/smilies/wish.gif)
#2500
https://electrek.co/2021/10/25/tesla...ehicle-europe/
Model 3 becomes the best selling car in Europe (okay only for a month, though) not including only EVs, but all cars including ICE compact cars (your favorite Clio too).
Nah…. Must be fake news
******************
The Tesla Model 3 has become the first all-electric car to become the best-selling vehicle in Europe.
However, that’s on a monthly basis and Tesla’s deliveries vary widely on a monthly basis.
Last quarter, Tesla delivered a record number of vehicles – getting close to a quarter of million vehicles.
Strong performance in all of Tesla’s major markets contributed to the new record.
We previously reported on China and the US contributing significantly, but now new data from Europe is showing how well Tesla is doing in the market.
JATO Dynamics published a list of the top-selling vehicles in Europe in September based on registration data.
The Tesla Model 3 became the best-selling vehicle on the continent last month:
- Tesla Model 3: 24,591
- Renault Clio: 18,264
- Dacia Sandero: 17,988
- Volkswagen Golf: 17,507
- Fiat/Abarth 500: 16,349
- Opel/Vauxhall Corsa: 15,502
- Peugeot 2008: 14,931
- Hyundai Tucson: 14,088
- Peugeot 208: 13,895
- Renault Captur: 13,715
Model 3 is the best-selling electric car in Europe by a wide margin and the Model Y actually comes in second:
- Tesla Model 3: 24,419
- Tesla Model Y: 8,906
- Volkswagen ID.3: 8,263
- Renault Zoe: 6,577
- Skoda Enyaq: 5,913
- Kia Niro EV: 5,424
- Fiat 500e: 4,738
- Volkswagen ID.4: 4,585
- Peugeot 208e: 4,295
- Dacia Spring: 4,166
Nonetheless, the automaker is having strong sales in the market this year.
Tesla’s sales are up 77% in Europe in 2021 compared to the same period last year.
Electrek’s Take
No matter how great the Model 3 is doing in Europe right now, I think the Model Y will do much better, especially once it is produced in Germany.However, we shouldn’t expect the big volume to come until the second half of 2022 since the ramp-up at Gigafactory Berlin could take a while.
In the meantime, it will be interesting to see how much volume Tesla can import to Europe from Gigafactory Shanghai.
**********************
Are you seeing a pattern here? Or are you still too th**** to see the future right in front of you?
Mind you, this is before even the Giga Berlin has started and cars are being imported from other continents.
#2501
You heard about this quote, right…?
“Better To Remain Silent And Be Thought A Fool Than To Speak Out And Remove All Doubt”.
Tesla owns 100% of Giga Shanghai. So there’s nothing Chinese about it, other than the people who work there, unless Chinese government decides to assume it’s ownership in violation of all international rules.
“Better To Remain Silent And Be Thought A Fool Than To Speak Out And Remove All Doubt”.
Tesla owns 100% of Giga Shanghai. So there’s nothing Chinese about it, other than the people who work there, unless Chinese government decides to assume it’s ownership in violation of all international rules.
What’s this fetish about insurance. Now whenever I rent a car, I never buy separate insurance unless in some states where they require specific insurance. Even in that case, Hertz or other rental agents have their own standard rates for all cars in that category. EVs may be even lower since their upkeep and maintenance is much lower.
i think Hertz will need to built factory for tires as Tesla eat tires much faster than other Non EVs.
If I fly to a city where I need a car, I don’t go running a cannonball run with that car. Most likely I need it only within that city. If I had needed to travel much more than the range of that car, I would have simply flown to that city further away instead. LOL.
Let’s not talk about the debate about EV and gas transport/ transmission. The quote I posted in the beginning applies to that.
.
I’m sure even Sam and Onoowindoo are laughing heartily.
![Big Grin](https://acurazine.com/forums/images/smilies/biggrin.gif)
I’m sure even Sam and Onoowindoo are laughing heartily.
![Wish](https://acurazine.com/forums/images/smilies/wish.gif)
Last edited by SSFTSX; 10-26-2021 at 01:02 AM.
#2502
![Why Me](https://acurazine.com/forums/images/smilies/whyme.gif)
![Zombie](https://acurazine.com/forums/images/smilies/zombieSmiley.gif)
![Bow](https://acurazine.com/forums/images/smilies/bow.gif)
![PC](https://acurazine.com/forums/images/smilies/pc.gif)
![Run](https://acurazine.com/forums/images/smilies/run.gif)
![Doh](https://acurazine.com/forums/images/smilies/doh.gif)
#2503
Ex-OEM King
The question is not if they have any gas cars at home since almost all will have one or more. The real question is how many will continue to buy a new ICE car after the fact, or continue to buy for how many more years.
My guess is that the majority have already purchased their last ICE vehicle. The minority will continue for the next few years and then suddenly realize their mistake. That’ll be the end of ICE age as we know it. Sure there will
be some specialty vehicles still puttering around, but that’ll be a niche market.
My guess is that the majority have already purchased their last ICE vehicle. The minority will continue for the next few years and then suddenly realize their mistake. That’ll be the end of ICE age as we know it. Sure there will
be some specialty vehicles still puttering around, but that’ll be a niche market.
That said, I'll probably always have an EV for daily purposes just because it makes sense. I probably won't buy another Tesla but will certainly have an EV for daily.
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00TL-P3.2 (10-26-2021)
#2504
Whats up with RDX owners?
iTrader: (9)
We'll see how the interiors last but the Tesla drivetrain is designed to last 1 million miles and the battery is currently 300-500k miles (the 4680s are unofficially designed for 1million), and software updates keep the car relevant so I would expect them to hold on to them longer.
I'm more interested in how they'll service them, seems like Hertz would train their mechanics on fixing EVs instead of relying on the local Tesla service center. Maybe in a few years Hertz build off of that and gets into the 3rd party EV mechanic business, that'd be great
I'm more interested in how they'll service them, seems like Hertz would train their mechanics on fixing EVs instead of relying on the local Tesla service center. Maybe in a few years Hertz build off of that and gets into the 3rd party EV mechanic business, that'd be great
#2505
Team Owner
The question is not if they have any gas cars at home since almost all will have one or more. The real question is how many will continue to buy a new ICE car after the fact, or continue to buy for how many more years.
My guess is that the majority have already purchased their last ICE vehicle. The minority will continue for the next few years and then suddenly realize their mistake. That’ll be the end of ICE age as we know it. Sure there will
be some specialty vehicles still puttering around, but that’ll be a niche market.
My guess is that the majority have already purchased their last ICE vehicle. The minority will continue for the next few years and then suddenly realize their mistake. That’ll be the end of ICE age as we know it. Sure there will
be some specialty vehicles still puttering around, but that’ll be a niche market.
![rofl](https://acurazine.com/forums/images/smilies/rofl.gif)
#2506
Tesla Model Y with 19inch rim is now August next year delivery. only 20inch delivery in May. Musk cannot manage rims now.
It is just matter of time when tire shortage and prices skyrocket all due to Tesla.
It is just matter of time when tire shortage and prices skyrocket all due to Tesla.
#2507
Ex-OEM King
They have mechanics to do basic maintenance work that's not covered by warranty like oil changes, tire rotations, etc. They also have people to fix issues caused by damage or wear and tear. They aren't going to be swapping engines or something like that but they definitely have people on hand to do stuff. After all, a car out of service is a car not making money so getting the car back on the road ASAP is huge for them.
#2508
for single person. Uber much better. no need to deal with parking and car breakings inside the cities. its very minor market.
seems there was no demand Model 3 and Tesla needed to sell for what ever parts they have preordered.
Go look at Turo.com. It is full of rental Teslas.
than there is used market that not much higher price than what you order from Tesla. If there was truly high demand for Model 3. These people will be charging much higher price for used as it is available and ceramic coated.
out of warranty Toyota hold value better and command far higher prices. This called Brand image.
After warranty Tesla is completely worthless.
https://sfbay.craigslist.org/nby/cto...399542009.html
https://sfbay.craigslist.org/eby/cto...398120251.html
https://sfbay.craigslist.org/sfc/cto...395149308.html
2021 Tesla model 3 performance - $59,000
https://sfbay.craigslist.org/eby/cto...398120251.html
2021 TESLA MODEL 3 STANDARD RANGE PLUS - $48,000
https://sfbay.craigslist.org/sfc/cto...395149308.html
2021 Tesla Model 3 Standard Range+ RWD - $49,000
https://sfbay.craigslist.org/pen/ctd...399560115.html
https://sfbay.craigslist.org/eby/ctd...394371163.html
2018 Toyota 4Runner TRD Pro - SUV - $56,988
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2014 Toyota FJ Cruiser Weekend Sale, call today! - $45,900
https://sfbay.craigslist.org/sby/ctd/d/pittsburg-2015-toyota-land-cruiser-we/7387922297.html2015 Toyota Land Cruiser - We speak (English) (Espaol) (Chinese) B - $61999.00
#2509
Whats up with RDX owners?
iTrader: (9)
They have mechanics to do basic maintenance work that's not covered by warranty like oil changes, tire rotations, etc. They also have people to fix issues caused by damage or wear and tear. They aren't going to be swapping engines or something like that but they definitely have people on hand to do stuff. After all, a car out of service is a car not making money so getting the car back on the road ASAP is huge for them.
#2510
why would family rent a Model 3 from Hertz?. does it have space and comfort of mid size sedan or SUV? let alone full size SUV.
for single person. Uber much better. no need to deal with parking and car breakings inside the cities. its very minor market.
seems there was no demand Model 3 and Tesla needed to sell for what ever parts they have preordered.
Go look at Turo.com. It is full of rental Teslas.
than there is used market that not much higher price than what you order from Tesla. If there was truly high demand for Model 3. These people will be charging much higher price for used as it is available and ceramic coated.
out of warranty Toyota hold value better and command far higher prices. This called Brand image.
After warranty Tesla is completely worthless.
for single person. Uber much better. no need to deal with parking and car breakings inside the cities. its very minor market.
seems there was no demand Model 3 and Tesla needed to sell for what ever parts they have preordered.
Go look at Turo.com. It is full of rental Teslas.
than there is used market that not much higher price than what you order from Tesla. If there was truly high demand for Model 3. These people will be charging much higher price for used as it is available and ceramic coated.
out of warranty Toyota hold value better and command far higher prices. This called Brand image.
After warranty Tesla is completely worthless.
![Big Eek](https://acurazine.com/forums/images/smilies/bigeek.gif)
![Bow](https://acurazine.com/forums/images/smilies/bow.gif)
![facepalm](https://acurazine.com/forums/images/smilies/facepalm.gif)
![Gold Cup](https://acurazine.com/forums/images/smilies/goldcup.gif)
#2511
Race Director
Tesla recently reached the $1 trillion market cap. In our search for solid explanations why, it would be natural for the company to lead all rankings evaluating EV companies. After all, bull analysts try to justify the valuation with the leading role Tesla may have in five to ten years in the EV market. But that’s not what a Chinese survey shows.
8 photos
Created by LandRoads, it was translated and shared by Bridget McCarthy, a financial analyst at Snow Bull Capital. The survey is called “NEV (New Energy Vehicles) Brand Health Index Ranking" and it evaluates popularity, familiarity, reputation, and recommendation.
According to the survey, BYD is the most popular EV brand in China. It is also the third brand with the best reputation and the second when it comes to recommendation and familiarity. The latter is the only ranking in which Tesla leads, and it means that it is the brand most associated with EVs.
Tesla is the second brand in terms of popularity and reputation, which are pretty good results. However, the American brand is not even listed among the five leading brands to pick when it comes to recommendation.
The company that leads this ranking is Li Auto, an EV maker that is only the fifth in popularity, familiarity, and reputation. Anyway, it is the brand with more loyal customers who would recommend it to family and friends.
NIO is the brand with the best reputation in the survey. The Chinese company was only fourth in popularity but third in familiarity and recommendation. That probably has to do with the fact that it is a luxury brand.
Xpeng is another brand that did not make it into the recommendation ranking. It was third in popularity and fourth in familiarity and reputation. Replacing Tesla and Xpeng in that category were Leapmotor in the fifth place and Volkswagen ID in the fourth.
The survey reinforces why Tesla’s market cap has raised so much doubt about its fundaments. Without a marketing department, Tesla relies only on the good impression it may cause on its customers. If it does not appear among the five leading brands in China when it comes to recommendation, the lead it could have on the EV market in a decade is more a belief investors and fans chose to have than something sustained by data and facts.
![](https://s1.cdn.autoevolution.com/images/news/tesla-only-leads-in-familiarity-in-chinese-research-about-ev-brands-perception-172735-7.jpg)
Created by LandRoads, it was translated and shared by Bridget McCarthy, a financial analyst at Snow Bull Capital. The survey is called “NEV (New Energy Vehicles) Brand Health Index Ranking" and it evaluates popularity, familiarity, reputation, and recommendation.
According to the survey, BYD is the most popular EV brand in China. It is also the third brand with the best reputation and the second when it comes to recommendation and familiarity. The latter is the only ranking in which Tesla leads, and it means that it is the brand most associated with EVs.
Tesla is the second brand in terms of popularity and reputation, which are pretty good results. However, the American brand is not even listed among the five leading brands to pick when it comes to recommendation.
The company that leads this ranking is Li Auto, an EV maker that is only the fifth in popularity, familiarity, and reputation. Anyway, it is the brand with more loyal customers who would recommend it to family and friends.
NIO is the brand with the best reputation in the survey. The Chinese company was only fourth in popularity but third in familiarity and recommendation. That probably has to do with the fact that it is a luxury brand.
Xpeng is another brand that did not make it into the recommendation ranking. It was third in popularity and fourth in familiarity and reputation. Replacing Tesla and Xpeng in that category were Leapmotor in the fifth place and Volkswagen ID in the fourth.
The survey reinforces why Tesla’s market cap has raised so much doubt about its fundaments. Without a marketing department, Tesla relies only on the good impression it may cause on its customers. If it does not appear among the five leading brands in China when it comes to recommendation, the lead it could have on the EV market in a decade is more a belief investors and fans chose to have than something sustained by data and facts.
Biker, who is waiting for the rebuttal on this one.
#2512
Race Director
Tesla Inc. has joined the trillion-dollar-valuation club — as the member with the lowest revenue.
The electric-vehicle maker’s shares have run past several milestones over the past couple of weeks amid a rush of positive news, including reaching a rarefied $1 trillion in market value on Monday. That helped further bolster sentiment among investors, who are betting on Tesla’s potential for rapid future growth as EVs become mainstream and eventually replace gas-powered cars.
However, unlike its trillion-dollar peers, Tesla’s valuation touched that level long before its revenue could reach the $50 billion mark.
Even though Tesla is the fifth-biggest company on the S&P 500 Index when ranked by market capitalization, it is in the 89th place when ranked by last year’s annual revenue. It is preceded by Capital One Financial Corp. — which had $31.6 billion in revenue last year (versus Tesla’s $31.5 billion) and is valued at $75 billion. The company with the biggest revenue on the index is Walmart — a mammoth $559.2 billion that dwarfs its own valuation of about $417 billion.
“If you look at Tesla’s revenue for the next year or so, valuation looks stretched,” Wedbush analyst Daniel Ives said by phone. However, Ives’ $1,100 price target on Tesla reflects the opportunity for the company to capture a major share of the EV market over the next five to 10 years, along with high margins, the analyst said.
Tesla’s valuation milestone came as car-rental company Hertz placed an order for 100,000 Teslas, a move that signals EVs are here to stay and gives bulls confidence that Tesla’s sky-high valuation is sustainable too.
“Wall Street is starting to believe the skyrocketing move with Tesla’s stock price is nowhere near over since Tesla has a massive lead in the EV space and improving growth potential as the U.S., European and Asian markets for electric cars grows,” Oanda analyst Edward Moya wrote in a note on Monday.
Tesla shares jumped as much as 6.1% on Tuesday, after closing up 13% on Monday. The company’s valuation now hovers around $1.1 trillion.
Tesla’s last annual revenue is considerably lower than that of Facebook, which entered the trillion club earlier this year before slipping back below that level. That also gives Tesla a very expensive price-to-sales multiple. The EV maker’s shares are currently trading at 21 times its sales, with the same ratio hovering at 8 times for Facebook and estimated to be around 6.6 times for the NYSE FANG+ Index.
Tesla's price-to-earnings ratio as of Tuesday morning was a very high 327.
Tesla also has a considerable debt load, that puts it in the 162nd place when ranked by 2020’s total debt. For the current year, Tesla reported total debt of $10.1 billion as of Sept. 30.
“Looking at current valuation multiples and market share for Tesla has been a loser’s game for years,” said Matt Weller, global head of market research at Forex.com & City Index. However, Weller noted that at some point, likely as more competition enters the market and interest rates start to rise, “investors will start to question whether the company will be able to deliver on its massive promises.”
The electric-vehicle maker’s shares have run past several milestones over the past couple of weeks amid a rush of positive news, including reaching a rarefied $1 trillion in market value on Monday. That helped further bolster sentiment among investors, who are betting on Tesla’s potential for rapid future growth as EVs become mainstream and eventually replace gas-powered cars.
However, unlike its trillion-dollar peers, Tesla’s valuation touched that level long before its revenue could reach the $50 billion mark.
Even though Tesla is the fifth-biggest company on the S&P 500 Index when ranked by market capitalization, it is in the 89th place when ranked by last year’s annual revenue. It is preceded by Capital One Financial Corp. — which had $31.6 billion in revenue last year (versus Tesla’s $31.5 billion) and is valued at $75 billion. The company with the biggest revenue on the index is Walmart — a mammoth $559.2 billion that dwarfs its own valuation of about $417 billion.
“If you look at Tesla’s revenue for the next year or so, valuation looks stretched,” Wedbush analyst Daniel Ives said by phone. However, Ives’ $1,100 price target on Tesla reflects the opportunity for the company to capture a major share of the EV market over the next five to 10 years, along with high margins, the analyst said.
Tesla’s valuation milestone came as car-rental company Hertz placed an order for 100,000 Teslas, a move that signals EVs are here to stay and gives bulls confidence that Tesla’s sky-high valuation is sustainable too.
“Wall Street is starting to believe the skyrocketing move with Tesla’s stock price is nowhere near over since Tesla has a massive lead in the EV space and improving growth potential as the U.S., European and Asian markets for electric cars grows,” Oanda analyst Edward Moya wrote in a note on Monday.
Tesla shares jumped as much as 6.1% on Tuesday, after closing up 13% on Monday. The company’s valuation now hovers around $1.1 trillion.
Tesla’s last annual revenue is considerably lower than that of Facebook, which entered the trillion club earlier this year before slipping back below that level. That also gives Tesla a very expensive price-to-sales multiple. The EV maker’s shares are currently trading at 21 times its sales, with the same ratio hovering at 8 times for Facebook and estimated to be around 6.6 times for the NYSE FANG+ Index.
Tesla's price-to-earnings ratio as of Tuesday morning was a very high 327.
Tesla also has a considerable debt load, that puts it in the 162nd place when ranked by 2020’s total debt. For the current year, Tesla reported total debt of $10.1 billion as of Sept. 30.
“Looking at current valuation multiples and market share for Tesla has been a loser’s game for years,” said Matt Weller, global head of market research at Forex.com & City Index. However, Weller noted that at some point, likely as more competition enters the market and interest rates start to rise, “investors will start to question whether the company will be able to deliver on its massive promises.”
#2513
Sanest Florida Man
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Comfy (10-27-2021)
#2514
Ex-OEM King
50k cars by November? Of which year? The wait time to get even one car is into next summer lol.
#2515
#2516
Team Owner
#2518
Ex-OEM King
#2519
seems there is not much demand for base version of Model 3. too many in used car market that less than 1 years old. and since this only thing Tesla can built in numbers. so better offload on Hertz.
consumers will be forced to buy the expensive versions.
base Model 3 with 18inch rims delivery is September next year. it is forcing people to buy with 19inch rims at $1500. I have doubt with 19inch rims this Tesla can go even 180 miles at highway speeds. Who want to rent it for day and waste time on over price supercharging.
You can get Accord Hybrid leather (50mpg, 600 mile range) interior with 17inch rims for $12K less and less wait.
![](https://images.craigslist.org/00f0f_3IIFnrBWbK8z_0gw0co_1200x900.jpg)
consumers will be forced to buy the expensive versions.
base Model 3 with 18inch rims delivery is September next year. it is forcing people to buy with 19inch rims at $1500. I have doubt with 19inch rims this Tesla can go even 180 miles at highway speeds. Who want to rent it for day and waste time on over price supercharging.
You can get Accord Hybrid leather (50mpg, 600 mile range) interior with 17inch rims for $12K less and less wait.
![](https://images.craigslist.org/00f0f_3IIFnrBWbK8z_0gw0co_1200x900.jpg)
![](https://images.craigslist.org/00v0v_8VlBPpLtYwVz_0gw0co_1200x900.jpg)
#2520
Sanest Florida Man
Originally Posted by Uber
Tesla rentals will start out at $334 a week and fall to $299 or lower as the program gets underway. This includes insurance and maintenance and is the best deal available in the market today for drivers looking to rent a Tesla. For the initial launch period, Hertz requires that drivers have at least a 4.7-star rating and have completed at least 150 trips to be eligible.