Tesla’s 2024 financial results are out—and they’re terrible

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Why is this an issue. They have their incentive to keep building and selling. As long as they’re building and selling, it doesn’t matter to the rest of us what their profit is.

"Issue" was probably the wrong word "potential for controversy" would have been more appropriate. It's potentially controversial because if the profits exceed the subsidies you're effectively just giving money to shareholders.

If they’re building make excess profit, that’s just more opportunity for legacy manufacturers to be competitive. Capitalism 101

No. This is entirely the opposite of capitalism. Under capitalism there are no subsidies. If a business isn't profitable then it fails. Simple.

What we have is an abomination of capitalism and corporate socialism. That's the controversy I referred to above. Where governments funnel money to enrich corporations and the select few rather than helping improve population they are charged with governing.

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He probably needs all the H1B visas for his remote taxi drivers. I doubt the latency would be good enough otherwise. And it was clear in the 'demo' the pilot was just standing right there controlling it.

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Service being up 30% is a bad thing for the consumer. For a vehicle that doesn't require much at all in the way of service...

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I'm not sure what Services means there though. It could very well include subscriptions rather than the actual servicing of their cars? Or maybe both?

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Good thing musky got that big compensation package shoved through, eh?

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Credits aside, these dont seem like bad numbers when compared to spend/investment. Tesla management got what they wanted.

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I doubt latency would be an issue.

More the fact that they'll be juggling too many at once.

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People don't want Swasticars? Huh.

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re though. It could very well include subscriptions rather than the actual servicing of their cars? Or maybe both?

true. the report is very very vague

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it's ok, the president will make some rediculous executive order like "all federal vehicles must be tesla", then do no price haggling or something and it'll pull him right out of that bind.

Sadly I don't think I'm joking.

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You know you fucked up when you made it so people hear nazi car and think of your company and not the car company founded by the nazi government

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I believed him at first, why wouldn't I? Self driving was starting to take shape, the demos looked good, I assumed what he was saying was legitimate.

I remember starting to question things around the time of the Tesla Semi reveal. It didn't make sense to me that you'd use heavy, short range batteries in an industry that runs by driving as far as possible, for as cheap as possible, hauling as much as possible. There were just too many compromises and he didn't give any details other than acceleration (who cares in trucking).

After that I started looking into him more and realized his bullshit spread through everything he touched. I honestly think most people are simply not paying attention to him, they just read headlines and since headlines never call him out and only amp up the crazy ambitious things he says, people believe he's a genius.

That seems to be slowly changing as he opens his stupid mouth about politics, but he's pivoting to a new audience now.

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Value investing is basically dead, isn't it?

You're looking at a too short time frame. The famous tulip bubble lasted for a decade, too.

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How does the first exclude the other? That's like saying: how can I trust train travel if F1 cars drive 300km/h. They're different things.

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This is the reason they're legislating against all the Chinese EVs that are 90% as good for 40% of the price.

A brand new 12-15k electric car from a competitor would evaporate Tesla's bubble so quick.

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It's a memestock now. Aspirational tech-bros are buying it because they want to own the libs, too.

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Yeah but then it’s not teslas fault. That employee didn’t do their job and can be fired

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As an owner of a recent one, but before Musk’s issues got so hard to ignore, it has good quality, as did everyone I look at. Tesla had some very well publicized quality issues, when they were hand-building the first vehicles, scaling up the model 3, and trying to build the very different technology of the cybertruck, but their normal, recent cars seem fine

As a gadget freak, teslas have many features that just don’t exist on other vehicles. Has any other manufacturer even gotten over-the-air updates right?

Several of the other vehicles you mentioned aren’t available in the US. We can expect increased protectionism so they never will be.

At least at the time, my Tesla was the lowest price EV with capabilities I wanted. The incentives made a huge difference but I don’t think it would qualify anymore plus they appear to be getting cancelled

We did have a wave of vehicles expected over the next couple years that may give some competition, if those legacy manufacturers don’t retreat to selling ICE trucks and SUVs only. However GM botching the Trailblazer, and Volkswagen screwing up the software on their attempts do not bode well. Hyundai/Kia has some good possibilities. The high end has several good possibilities but for too high a price and too low a volume

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All too often neither the size of the profit nor percent profit really matter. The important criteria is “compared to plan”.

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Historically they were technically right. Tesla has always been priced by emotion rather than fundamentals. However it’s not enough to be technically correct when you lose money on that bet. And they almost always lost money.

It’s always been a bubble but that has lasted much longer than most bubbles and no one can predict when it’s pop

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Tesla’s 2024 financial results are out—and they’re terrible