I've never said this (prior to TESLA) I LOVE listening to Tesla's quarterly/annual reports BECAUSE the business is on such better footing than almost everyone else, the feeling of, "this is way easier than it should be", and, best of all, "yeah, we make our own shit" DONE. BUY!
Listen to recordings from few years ago, and see how much BS was shared back then. It's the same thing happening now. Every year filled with sophisticated lies
lol you must be joking. He was proven to lie deliberately multiple times. He just wants money from ordinary people, who are buying TSLA stock, so he can afford playing in big world, ie. Twitter, etc.
I seem to have trouble remembering, did Nokia raise or lower their prices as their production number increased? Oh, that's right! Ha, ya, silly me, they never had a product!
@@RobertLBarnard you don't know history. Nokia had Internet tablets and then the N900 touchscreen smartphone in 2009 running an interesting software platform called Maemo running on Linux (like Android), but it also had Symbian running on its feature phones, so it had complicated software transitions to manage. Nokia just wasn't good enough at navigating this to compete with Apple and Google. Then after Microsoft bought it it Windows Phone eventually became solid software and was released on some excellent Lumia hardware, but app developers didn't want to build a third version of their apps, which remains a huge block on anyone challenging the Android / iOS duopoly. Nokia is an example of a company seeing the future but failing to make the transition. Blackberry is an example of a company that failed to see the future before it was too late. Nokia = Nissan, Blackberry = Toyota.
Disappointing earnings call. No information about the per vehicle expense ratio of toilet paper usage with Wall St and media constantly dropping a duece on Tesla
@@roddlez Hahah!! Ya that one cracked me up. "Analysts" have been asking questions like "will you guys keep raising prices or lowering them in the future?" They also ignore every great metric, all the amazing achievements, growth, factory upgrades, sales, and worry about a 1% difference in margins than their estimates. I cant imagine being that stupid and ignorant.
FSD should transfer once you purchase it in full for a vehicle, not be strictly attached to a VIN. If you own TWO Teslas, you should be able to purchase it twice, and have two unlock tokens attached to your Tesla account for FSD. I say this as a Tesla owner because, after being rear ended by a driver recently, it occurred to me that I paid $6k for FSD on my Model 3, and if it were totaled - would ultimately cost me $16k to unlock on a new VIN. That's not good business. I was rewarded with a discount as an early adopter, and should be able to keep that six thousand dollar good faith investment, not pay more for the same thing due to another driver destroying my investment.
Elon Try the jet fernaces with a mix of 33.3% zinc 33.3% aluminium 33.3% copper 0.1% bicarbonated soda, And yes for the scaffolding tudeing 10mm to 12mm diamiter, and you build structure in a vacuum sealer that also an injection moulder, you put polistireen in the bits you want then disolve it after, and you make them black you don't need people seeing them,till they see our eyes.
The intro music 🎶🎵 to the call is the soooo much better than the classic classical tunes... Tesla even innovating on music selection for quarterly calls 😂
Some big updates to I guess all production lines are comming... Whatever the Project Highland is, it may affects all of the vehicles production lines... What could it be...? Some kind of hardware update, but which? And how big of an update?
Im still surprised that there are several casting machines at giga austin but giga shanghai nad giga freemont still only have one detached building for the casting. at least in austin the casting machine is in the correct spot for the assembly line, and in the other places, its a little funky and there arent enough machines
@@urleft61 Hmm. If you listen carefully, they said global factory updates. Not partial, not some, not minor, not significant. A lot of, and global. They are weirdly precise with their words on these calls. I think the shutdowns will affect both model 3 and model Y production lines. Maybe even S and X production lines. If it was only a model 3 update, they wouldn't say a lot of and global, they make a lot less model 3 than Y. Although they are the same platform. After mounting the front and the rear gigacastings on model Y, I guess the rest of it can be assembled on the same production line as model 3. Who knows...
@@milivoee Gigacasting for Model 3 probably, structural battery pack, maybe new LMFP Batterie chemistry for the Long Range(lower cost, higher live time while having higher charge rate and cold resistance), new Front Radar and/or camera, new steering weel without stocks sadly, matrix LED headlights, and of course your exterior refresh and many more rumors.
Financial numbers matter. Ars Technica: "Tesla's total GAAP gross margin fell to 18.2% compared to 25% for the same quarter in 2022. Operating margins also fell from 14.6% in Q2 2022 to 9.6% in Q2 2023." The story and potential of Tesla is great, but that's already reflected in its crazy high P/E ratio. Tesla deserves credit for having such solid financials; as Elon Musk said it's crazy that free cash flow is so high while it's spending so much on Dojo, Nvidia chips, expansion. But the fact is Tesla made less profit on each dollar of sales.
I guess that means something if you are a trader. If you are an investor it means next to nothing, It's Tesla's world dude. NO one is close, no one else has the vision, or the ability. Monthly and quarterly performance is just fine, more than fine. Only pea-brained nimrods buy and sell on such info. Like all the clowns who dumped at the bottom. And I am always hoping for a big dip, because I am so confident in Tesla future. @@skierpage
Thank you to all the Tesla team who work extremely hard and perform extremely well. Truly appreciate all your dedication and hard work into making the world a better place . Huge respect!
Hey Tesla, maybe you know someone who has some AI tech that could put a picture of the person talking up in the video stream and his/her title at Tesla or the company name if from another company that's asking Tesla a question. I think this additional context would make it easier for people to follow these calls.
Condolences to the Workers at Tesla :(. Im also a autoworker. But I make 2x what you all do, have fully covered-fully paid for insurance, Retirement, Education assistance, Paid while laid off, 30 paid days off each year. But hey. Atleast your CEO is the richest guy on the planet. Thats good for you all. Right?
so, are you planning to add face recognition and finger print to unlock the car and for opening doors? face recog will be Good for finding wante (or lost) people.. 🤔🤔
Tesla is just an amazing company. Dojo and FSD, Optimus, that cars will be cheaper and faster to repair, that even while they are scaling up they generate a positive cash flow and much more. Good times ahead.
You need to make more money. That said, if Tesla gets FSD working, you might not need to. Just order robotaxis to take you places. If they don't, Teslas will keep getting older and cheaper, and once the Model 2 gets out there, and get old, your chances get better. Also, you should have gotten together a big pile of cash early in the year when TSLA was going for a bit over $100, and sell it now for $290. 😊
I would look at financing a used inventory model 3. No down payment, 5%-6% interest rate with DCU (Digital Credit Union), and see what it looks like from there. My girlfriend was unemployed, no money in her account, and her credit score was around 650; I had to co-sign. She was able to get qualified quite easily. Her payment is around $600 a month for a $37,500 2021 model 3.
Buy 20 tesla shares now that's all you need now to buy a model Y in 2027. If you follow this strategy you can afford a Tesla model Y. 20 tesla shares will cost you only 6000dollers if a share is worth 300$. Ark for casts 2000$ a share by 2027. Give it a try.
Liked this meeting. Don't understand why the stock crashed. I was actually thinking of temporarily selling before the call since it always crashes, I regret I didn't do it.
why dont you listen to some other results presentation. Ex: listen to Stelantis results. Tesla is great, but they Avoid speaking off the problems so they speaks off the future inovations.
All the idiots who bought in a week ago, thinking the earnings report would blow the stock up are now selling. Nice. I hope they're still pouting when it spike due to the upcoming short squeeze. "ALLLLL ABOOOOARD!!,NEXT STO,P, SHORTSQUEEZE CITY!!"
Amazing that Tesla is offering the 1 time amnesty on FSD transfer. The question always reeks of entitlement: 15k FSD for life is mind-blowingly one-sided from a price to value perspective. Hopefully this will cause this wildly greedy request to cease in the future, but I have my doubts.
Wait wait wait wait...did they decide and finally said this? Is it 100% confirmed? When did he say it? Holy moly...this is a news that will make millions happy. Please tell me it is 100% true and 100% confirmed already
The current value of FSD is nowhere near $15K because it requires a driver to pay attention at all times and respond to nags so it's effectively an advanced driver assistance system. This will still be true for the foreseeable future despite any improvements with FSD. Only when FSD starts to be approved for autonomous use with privately owned vehicles in each state and country will the value increase dramatically--but this will take many years. Before then, it's likely there will be commercial fleets that will obtain special state or county permits for limited operation in an area. So Elon is correct that in the long term, $15k for FSD is inexpensive, but, in the near term, it's overpriced. Assuming Elon is correct (this time) with his projections on FSD capabilities reaching 10x or 100x human capability, it doesn't change the fact that in the near time, drivers will still be required to pay attention to the road as is the case now. Until FSD is approved for autonomous usage in your locality, the one possible benefit that could justify the price is the improved safety over the average human driver.
I have a question: if Oranges are roundy, bees are orange with black stripes and tyres are roundy and black, when cybertruck will debut? And at what value?
Tesla STILL doesn't appear to take customers' desire for transferability of FSD to a new vehicle based on the (account) not the (car) seriously enough. It's NOT a joke to those customers who've shelled out considerable sums for the product, yet are still waiting to have the fulfilment of the product delivery realised in such a way that it 'does what it says on the tin' so to speak. TBC: most people realise that FSD is an incredibly difficult thing to achieve, myself included, so aren't critical on that aspect. It's extremely difficult to understand just why Elon and Co. appear to think the topic is a joke, especially whereby a customer has had a vehicle either written off due to damage through no fault of their own or suffered loss of their vehicle/s for some other reason, again through no fault of their own. It's not as though customers are asking for the moon and the stars, merely a reasonable limited transfer of say, 3 - 4 vehicles before a new FSD purchase is required, possibly with a small administrative fee & or, within households of multiple Tesla's so that no matter which account within that household has FSD purchase applied to it, they can use a code or some other means that each car within that household 's fleet will recognise. The limited transferability would be a recognition of the extremely high costs of the development of FSD technology. A one time transferability applicable to Q3 only is hardly a satisfactory answer to customers' longstanding frustration surrounding Tesla's equally longstanding intransigence on the matter, and, quite frankly, both the one time only Q3 answer and the executives' apparent amusement including Elon's, is quite insulting to customers who work hard just to be able to afford to buy a Tesla at all, let alone the exhorbitant price tag of FSD at its current stage of development; little wonder that FSD take rates are so low. And Elon, people do fully realise the eventual monetary value of FSD far beyond what Tesla is currently charging despite your continuing assertions to the contrary, so please stop insulting our intelligence since the value of fully realised FSD is patently obvious; the key word here is 'eventual'. Customers love your abundant optimism, it's utterly charming. But we also prefer to base our expectations on the reality of see, hear, smell, touch, and full realisation of FSD is some way off, Elon time or no Elon time. 😊 My suggestion to the executive team, Elon included, is to pull your collective heads out of your jacksies and flush the arrogant attitude down the loo in relation to FSD transferability.
The upside of the value of full autonomy, if successful, limits itself. Certainly in the near term, it will be very valuable, but eventually it will become common and not as valuable. The only way for Tesla to obtain a large value for full autonomy is to not sell it, but only rent it, and to start impeding competition. However, if Tesla does accomplish 10x better than a human FSD, they will have shown it can be done and give competitors a good idea of how to replicated it. Which leads to another open question, in the window where FSD has high value, can Tesla recoup the billions they have spent on its development. At the current burn rate, the longer it takes to get fully operational FSD, the less profit Tesla will make on it. It will be the second or third company with a viable full self driving product that will probably the one to make the most profit. Like the old saying in Tech, the first company to make it, makes history, the second company makes the profit.
Licensing it is renting it. If you license it out to a competitor you diminish his appetite to replicate it. What Elon didn't say is whether such license would only allow end users (consumers) to use Tesla FSD or whether it would also allow commercial use as robotaxi. Knowing Elon, very likely use as robotaxi is not covered by that license and that is the big revenue opportunity.
FSD will be great for sure … But this spin about the value of the car is cheap because you can send it out and make tons of money as a taxi is total bullshit !
Of course not! They’ll either announce price(s) at the delivery of the first employee owned Cybertrucks or they’ll announce prices mere weeks before deliveries commence.
They are in the process of tooling - how are they supposed to know the cost now? Even if they did it would be meaningless since they will be ramping and reducing cost as they go. It's a stupid question at this point in time.
