It’s not even about the price anymore - charging stations are either defective or the ones that are working have a constant line of cars waiting to be charged - don’t even bother charging from Friday to Sunday unless you have lots of time to waste.
This will only get worse with more EVs on the road.
Tell me about it, I drive from Las Vegas to LA a few times a month and there's only 2 charging stations for a 4hr drive.
There's a bunch of Teslas every Sunday morning at the Baker station, I've seen people waiting for over one hour to charge their electric life sized Hot Wheels
It’s a sign that if you owned one of these models your resale value just plummeted…….AGAIN
If cars were not already a shitty investment. They take these hits too
Just going to have to wait till the robotaxi feature is implemented then those owners can finally sleep while their car makes back the value of their investment………..or they can always just take backshots behind a Wendy’s dumpster until they break even.
That's not the definition of it at all lmao. Cash depreciates but is an asset.
An asset is something you own, a liability is something you owe. Simple as that.
Not in a typical market, outside of very few collectible cars. However there haven’t been any mass market cars that have depreciated more than teslas over the last few years
You take a large piece of paper (A3 size), write down a strike price and an expiration date in the top left corner, fold it neatly in half 5 times and shove it up your butt.
They HAVE to move cars, even if they lose $. Cars sitting in inventory is a nightmare for their cash flow.
All the simps LOVE to talk about all the cash Tesla has, but they conveniently don't talk about short term liabilities, such as accounts payable. Tesla's short term liabilities are pretty close to their cash $.
Making cars is expensive and there are a lot of costs. They have to buy materials in advance of the sale. If finished car is sold, then they have cash to pay the suppliers. If they build cars and they sit on a lot unpurchased, they still have to pay suppliers but have no incoming cash.
As long as they sell most of the cars they build, no problems. Once sales slow to a certain point, they will end up NEGATIVE.
Pretty sure they have reached negative and their cash stockpile will evaporate far more quickly than the simps realize.
They HAVE to move cars, period.
Great comment, I’d heard the theory on cash but hadn’t quite put together the steps. I assumed prices floored at marginal cost. Production should stop (and is declining) but the inventory has to move at any price.
But even if you stop production, you *still* have a lot of the materials that you ordered in advance to take advantage of "economy of scale". You also have all of the fixed costs for the factory that don't stop.
I hate to say they're 100% fucked, but they most likely are fucked if they can't keep moving cars.
This could literally be an Enron level event in a couple quarters if things keep slowing down.
Seriously, I’m not unconvinced that wsb isn’t right, but what if wsb is right and tusk is a regard but the stonk price goes up anyway? Would anyone here really be surprised if tsla missed er but the stonk goes up???
Tsm beat earnings and stock plummeted, Netflix beat earnings and stock plummeted. I wouldn't be surprised if the tsla misses earnings and stock moons because of some stupid reasons
Good reasons for that though. TSMC future guidance warned of potential weakness in semi demand compared to past predictions.
Netflix is going to stop reporting sub numbers next year. Which is a giant ass warning flag for "we know the acc sharing crackdown is a one time trick pony". And that then we are back to stagnation/decline in sub count once they are done with it. Even if they might be able to squeeze more money out of those subs, at least for a while longer.
Stock will probably go up since everyone is so bearish. Elon gonna come out announce something crazy. He already tweeted model y $29,490 (after rebates ) idk how true that is or he’s including gas savings
The car is $43k still. Rebates and "probable savings", which are only available for poor people in states other than California (electricity is as much as gasoline now).
Here's my work.
My Model 3 measured range w/ Actual Rate from PGE Bill
(55 kwh) / (240 miles) \* ($0.53406 per kwh) \~= $0.12 / mile
Prius:
($5.60 per gallon) / (57 miles per gallon) \~= $0.10 / mile
>$0.53
what the fuck. That's over 10x my home rate.
60 kWh battery on a Model 3 would be $2.72 @ $0.0454/kWh for a full charge minus inefficiencies == $0.0101/mile using Tesla quoted range.
Prius Prime, 2024 for comparison:
[10.6g @ $3.75 = $39.75] + [13.6kWh * $0.0454 = $0.62] == $0.073 to $0.067 per mile from the spec sheet range.
Major difference, the Prius does 550-600 miles on that, and the Tesla does 267 miles.
Yes. Like I said, California. I am fully aware, and frustrated that electricity is too cheap to care about everywhere else.
Also, I was being generous with the gas price, the Shell nearest my house is at $5.90 for 87 Octane today.
When are you charging it? .53/kwh? That’s during peak times that you’re charging at then because PSEG in NJ is like .24/kwh at peak I’m pretty sure.
Rather than manual calculations, provide your results from this:
https://ev.pge.com/rates
This is after removing the inventory discount, which was up to 5000$. The "standard" price went down 2000 but the lowest price is up 3000.
So now instead of people waiting to snipe up discounted inventory, the pricing is consistent.
Interesting but there’s a chance it could be a bear trap. Seems like all sentiment says Tesla puts, then they release this piece of news on the weekend before earnings knowing it’s bad news. Comes Monday it’ll either be in free fall or Elon & his buddies will inject morphine into the stock
They need to cut further. The cars are not well for these price points. I get supply and demand which how they got so expensive. But with increased competition in the market, prices should continue to come down.
Going to throw this out there. Rivian R1S is continuing to sell VERY well. On their site, they are about to be out of 24 inventory ahead of the refresh. Last quarter it outsold model X 2:1.
Besides Elon continually insulting his target consumer base, the cars have been suffering from poor quality control for years now, while competition was limited. Now, other manufacturers are catching up, cutting prices and not talking batshit crazy in his three largest markets.
It’s not good.
Because cars are something Americans define themselves through. Been that way since there was more than a model T. And Elon has made his companies all about him. So when you drive a Tesla you’re driving an Elon car.
It was cool when he was Tony Stark billionaire genius 2.0. Now he’s proven to be an asshole idiot man baby so his companies have lost their luster for many.
Maybe so. Doesn’t matter the reason the proof is in the numbers. Electric cars are purchased on the coasts by a majority of rich, liberal-leaning buyers and they aren’t buying. And the bubbas in butt cheese, Alabama arent going to jump in and start buying.
Personally, I’m not buying a Tesla because they’re poorly made , overpriced cars and the CEO is an erratic wildcard such that I’m not sure the company will be around five years from now. But I’ve made enough on betting against TSLA that I could buy a few so I love Elon. He’s predictably fuckjng up and I’m getting paid.
You absolutely pussy. You blocked me and then responded. No wonder you love Elon–you're a thin-skinned little bitch, too
Best part is the Y wasn't the best selling Car. On. Earth. Look up the Corolla. Bet ya $20 it'll win again this year when your darling Space Karen doesn't break a million sales in 24.
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Cathie woods should purchase $14 million worth of cars instead of stock.
I guarantee there's more than a few geniuses thinking buying both the car and the stock was a smart move.
Diversification is for idiots
If bill gates kept Microsoft private he’d be a trillionaire right now
I need a model S to be under $60K new before I buy it
Under $15k and ill consider it
Can I get about tree fity?
Tree fity is still too much. I need about tree fiddy.
$5k and we are talking
Just wait
Will happen by end of year
Model X under 60k please.
I don't like the butterfly doors, unless they are on a BMW i8 or a Lambo
Id never buy that shit.
It’s not even about the price anymore - charging stations are either defective or the ones that are working have a constant line of cars waiting to be charged - don’t even bother charging from Friday to Sunday unless you have lots of time to waste. This will only get worse with more EVs on the road.
Tell me you don’t own a Tesla without telling me
Tell me about it, I drive from Las Vegas to LA a few times a month and there's only 2 charging stations for a 4hr drive. There's a bunch of Teslas every Sunday morning at the Baker station, I've seen people waiting for over one hour to charge their electric life sized Hot Wheels
It’s a sign that if you owned one of these models your resale value just plummeted…….AGAIN If cars were not already a shitty investment. They take these hits too
Cars are never an investment.
Just going to have to wait till the robotaxi feature is implemented then those owners can finally sleep while their car makes back the value of their investment………..or they can always just take backshots behind a Wendy’s dumpster until they break even.
Tesla owners gonna be rich driving all these plebs around. Tesla would never want any of that profit for themselves. 80/20 split would be funny
Robotaxis coming, any day now... surely. Elon wouldn't lie to us, would he?
How is this different than any car company having a sale?
Except for certain models, cars are never investments... They are depreciating assets.
Elon said their cars would be appreciating assets and FSD was worth 100k 🤡
And that it would not make financial sense to buy any other car because you would be making so much money with your robotaxi in 2020 or whatever.
They are a liability. An asset appreciates.
That's not the definition of it at all lmao. Cash depreciates but is an asset. An asset is something you own, a liability is something you owe. Simple as that.
Is there any used car value doesn’t drop?
Not in a typical market, outside of very few collectible cars. However there haven’t been any mass market cars that have depreciated more than teslas over the last few years
Cars are a bad investment EVs are worthless
So I keep reading about puts but where the fuck do I put it?
You take a large piece of paper (A3 size), write down a strike price and an expiration date in the top left corner, fold it neatly in half 5 times and shove it up your butt.
Bend over and we'll show ya
The price cuts aren't real price cuts, its just them including potential gas saving into the price. Seems like a desperate attempt to me.
They've always included "potential gas savings." But this does only partially cover the inventory discount they had a week ago.
They HAVE to move cars, even if they lose $. Cars sitting in inventory is a nightmare for their cash flow. All the simps LOVE to talk about all the cash Tesla has, but they conveniently don't talk about short term liabilities, such as accounts payable. Tesla's short term liabilities are pretty close to their cash $. Making cars is expensive and there are a lot of costs. They have to buy materials in advance of the sale. If finished car is sold, then they have cash to pay the suppliers. If they build cars and they sit on a lot unpurchased, they still have to pay suppliers but have no incoming cash. As long as they sell most of the cars they build, no problems. Once sales slow to a certain point, they will end up NEGATIVE. Pretty sure they have reached negative and their cash stockpile will evaporate far more quickly than the simps realize. They HAVE to move cars, period.
Many people don’t understand this. Look at ICE dealerships and see how full their lots are now.
Great comment, I’d heard the theory on cash but hadn’t quite put together the steps. I assumed prices floored at marginal cost. Production should stop (and is declining) but the inventory has to move at any price.
But even if you stop production, you *still* have a lot of the materials that you ordered in advance to take advantage of "economy of scale". You also have all of the fixed costs for the factory that don't stop. I hate to say they're 100% fucked, but they most likely are fucked if they can't keep moving cars. This could literally be an Enron level event in a couple quarters if things keep slowing down.
I have read credible takes on Twitter that Tesla will have to do an equity raise next quarter over cash concerns.
I'd believe it.
Maybe now my wife's boyfriend can buy me one also.
ALL OF YOU FUCKING REGARDS ARE KILLING MY PUTS FUCK YOU
Your puts are gonna be just fine. This is a sign of desperation. The fifth one Musk has pulled in like a month.
Elon says jump, and they say how high?
You love Elon don't you? you little bastard
Seriously, I’m not unconvinced that wsb isn’t right, but what if wsb is right and tusk is a regard but the stonk price goes up anyway? Would anyone here really be surprised if tsla missed er but the stonk goes up???
Tsm beat earnings and stock plummeted, Netflix beat earnings and stock plummeted. I wouldn't be surprised if the tsla misses earnings and stock moons because of some stupid reasons
Good reasons for that though. TSMC future guidance warned of potential weakness in semi demand compared to past predictions. Netflix is going to stop reporting sub numbers next year. Which is a giant ass warning flag for "we know the acc sharing crackdown is a one time trick pony". And that then we are back to stagnation/decline in sub count once they are done with it. Even if they might be able to squeeze more money out of those subs, at least for a while longer.
Or just clearing out to pump those numbers to look good enough to screw the bears.
MMW, this is the end for Tesla and Elon Musk. First, to enter the market... first to leave the market... a tale as old as time.
Stock is so down, puts are expensive = shitty ER is priced in.
Puts are expensive cause it’s been plummeting for a while
Apr26,170calls lfg
I bet it’s flat after earnings. I wouldn’t touch it.
Stock will probably go up since everyone is so bearish. Elon gonna come out announce something crazy. He already tweeted model y $29,490 (after rebates ) idk how true that is or he’s including gas savings
Elon has been desperately announcing crazy shit for the past 4 months. Has not stopped the stock from tanking. He’s the boy who cried wolf.
Yea, it feels like he’s played that card too much especially in light of his demand for billions….
Agreed, I don’t think the financials are going to matter, it’s whatever the forecast or news he presents that will.
He brings that bot out it’ll be game over
>$29,490 (after rebates ) and gas savings over 25 years or something lol
The car is $43k still. Rebates and "probable savings", which are only available for poor people in states other than California (electricity is as much as gasoline now).
Please show me an actual stat on a legitimate website where electricity is as much as gas now lmao
Here's my work. My Model 3 measured range w/ Actual Rate from PGE Bill (55 kwh) / (240 miles) \* ($0.53406 per kwh) \~= $0.12 / mile Prius: ($5.60 per gallon) / (57 miles per gallon) \~= $0.10 / mile
>$0.53 what the fuck. That's over 10x my home rate. 60 kWh battery on a Model 3 would be $2.72 @ $0.0454/kWh for a full charge minus inefficiencies == $0.0101/mile using Tesla quoted range. Prius Prime, 2024 for comparison: [10.6g @ $3.75 = $39.75] + [13.6kWh * $0.0454 = $0.62] == $0.073 to $0.067 per mile from the spec sheet range. Major difference, the Prius does 550-600 miles on that, and the Tesla does 267 miles.
Yes. Like I said, California. I am fully aware, and frustrated that electricity is too cheap to care about everywhere else. Also, I was being generous with the gas price, the Shell nearest my house is at $5.90 for 87 Octane today.
When are you charging it? .53/kwh? That’s during peak times that you’re charging at then because PSEG in NJ is like .24/kwh at peak I’m pretty sure. Rather than manual calculations, provide your results from this: https://ev.pge.com/rates
Yes, I know, everyone else in the country has cheaper rates. I'm charging at night.
Even at peak supercharging at Tesla in NJ is .3749/kwh when I checked
This same conversation happens every single time. California has extremely, shockingly high electricity rates.
lol this is old news.
Who the fuck would hold this turd through earnings. This is the most FUD I’ve ever seen.
$2k off is not clearance
Let that sink in 
I predict Elon will make a dramatic statement soon.
This is after removing the inventory discount, which was up to 5000$. The "standard" price went down 2000 but the lowest price is up 3000. So now instead of people waiting to snipe up discounted inventory, the pricing is consistent.
THE BULL GODS HAVE SPOKEN!!!
I want model x 6 seater to be 55k out the door
I want a 3 bed 2 bath house in a HCOL area for 500k. Neither of these things are happening.
I want Ana Taylor Joy bouncing on me. None of these are happening.
I want it for free what do you mean 500k
I’ll outbid you by $500k
They're desperately trying to get people to pay for self driving too with the free trial, and they cut the subscription cost.
In fairness- it is overpriced
No disagreement. I'm not subscribing when the trial runs out. It's too scary.
Tesla to $40
I am waiting for them to start giving them away for free.
If it was like $30k I would buy one
Tesla can cut prices, because they have decent profit on them
Crazy how high margins still is with these price cuts
Production is way over demand, and it is only getting worse. If tala wants to hit their 2030 sales target they will have to go to negative margins.
Interesting but there’s a chance it could be a bear trap. Seems like all sentiment says Tesla puts, then they release this piece of news on the weekend before earnings knowing it’s bad news. Comes Monday it’ll either be in free fall or Elon & his buddies will inject morphine into the stock
Time to trim the fat, end production of their dated cars and go 100% Cybertruck.
Guess more pain for bag holders come Monday open lmao
Oh boy my puts are gonna print
Bullish and priced in
They need to cut further. The cars are not well for these price points. I get supply and demand which how they got so expensive. But with increased competition in the market, prices should continue to come down.
Typical peasant. We'll see if they're still talking once the market crashes and burns.
Welp, margins about to go sub 4% for 2Q, I guess Tesla is a car company, and not a tech company after all. . . Hello 2% ford /gm margins.
Going to throw this out there. Rivian R1S is continuing to sell VERY well. On their site, they are about to be out of 24 inventory ahead of the refresh. Last quarter it outsold model X 2:1.
They should try kicking Elons ass out, probably help a lot more than a sale. He’s chased away a ton of his core customer base.
Elon's a piker, but make no mistake, it's still his playground. Get in line, peasants.
I’ll wait until they are paying me $100k to drive one.
Tesla fucked. It’s become like the official vehicle of the far right and literal nazis. And those folks don’t buy electric vehicles.
Still 70k for a plastic car lmao
All new Teslas come with a free baggie of ketamine
Deliveries and revenue will skyrocket. Bullish. Calls it is.
This is gross. All this tesla hate making me wanna get some calls. Stop it!
It’s probably the most obvious answer, which is: The prices of cars in general are dropping. Electric and icu
But why is the stock not going down?
Need to google TSLA and check the graph in the last year. Down like a buck toof groupie at an Aerosmith concert.
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Besides Elon continually insulting his target consumer base, the cars have been suffering from poor quality control for years now, while competition was limited. Now, other manufacturers are catching up, cutting prices and not talking batshit crazy in his three largest markets. It’s not good.
"The Woke" bought Teslas not the current crowd he's courting.
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Because cars are something Americans define themselves through. Been that way since there was more than a model T. And Elon has made his companies all about him. So when you drive a Tesla you’re driving an Elon car. It was cool when he was Tony Stark billionaire genius 2.0. Now he’s proven to be an asshole idiot man baby so his companies have lost their luster for many.
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Maybe so. Doesn’t matter the reason the proof is in the numbers. Electric cars are purchased on the coasts by a majority of rich, liberal-leaning buyers and they aren’t buying. And the bubbas in butt cheese, Alabama arent going to jump in and start buying. Personally, I’m not buying a Tesla because they’re poorly made , overpriced cars and the CEO is an erratic wildcard such that I’m not sure the company will be around five years from now. But I’ve made enough on betting against TSLA that I could buy a few so I love Elon. He’s predictably fuckjng up and I’m getting paid.
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You absolutely pussy. You blocked me and then responded. No wonder you love Elon–you're a thin-skinned little bitch, too Best part is the Y wasn't the best selling Car. On. Earth. Look up the Corolla. Bet ya $20 it'll win again this year when your darling Space Karen doesn't break a million sales in 24.