Tesla

[shp4man]

The Rise of the Democrats caused several changes, Tesla stock, gun stocks and gold prices all went up.

[FoMoJo]

The Rise of the Democrats caused several changes, Tesla stock, gun stocks and gold prices all went up.

Are gun racks a Tesla option?

[Morris Minor]

Robert Llewellyn with the refreshed Model 3. He's lovable but does get a bit crunchy and grumpy sometimes. But, as an evangelist of not burning stuff we don't have to, he's overall a bit of a star. He gives me guilt pangs for having bought the CX-5 instead of a set of washing machine motors on wheels.
https://youtu.be/_qruypUIXOY

[MrH]

Hey, remember when you guys were pointing to Munro as an arbitrary source that Tesla is killing it?

Turns out he bought quite a bit of stock right before releasing his "findings" to Bloomberg after hours.  And he was dumb enough to say all this on his YouTube channel yesterday, bragging about how much he made off Tesla stock

What an immoral clown.

[Morris Minor]

If that's true he must have dumped then before he made this. He would have thrown an epi if he'd taken his gap gauge to my CR-V.

https://youtu.be/jPBGVI2oFLI

[Galaxy]

The face lifted Tesla Model S runs the 1/4 mile in under 9 seconds. Yikes!

[Morris Minor]

Refreshed Model S. Steering wheels are so yesterday.

[afty]

Note that there's no gear selector.  What's Tesla's plan for that? https://www.autoblog.com/2021/01/28/tesla-new-gear-shifter-guesses-direction-you-want/

[Laconian]

Refreshed Model S. Steering wheels are so yesterday.

Looks like an ergo nightmare.

[RomanChariot]

Refreshed Model S. Steering wheels are so yesterday.

I would expect to see that steering wheel on an episode of Buck Rogers in the 25th Century. The rest of the interior looks like they started with a GM car from the '80's and stripped out all of the controls and replaced them with a giant tablet.

[Laconian]

Witcher III is a great game, not sure how good of an MMI it is though. Do you talk to NPCs to activate different features of the car?

[CaminoRacer]

The one game that should be playable on the screen is Flight Sim. It already has a yoke and pedal set up.

[Morris Minor]

Note that there's no gear selector.  What's Tesla's plan for that? https://www.autoblog.com/2021/01/28/tesla-new-gear-shifter-guesses-direction-you-want/

That article reads like it was autogenerated by some FillColumnInches productivity tool.

[veeman]

The article says you can override what gear the Tesla chose for you by pressing for the correct gear on the touch screen.  So really this is just replacing the stalk or physical button/knob with the touch screen with the added benefit/detriment of the car choosing Drive, Reverse, or Park for you.

Waiting for the lawsuit when the Tesla gets smashed by the train with the driver not able to reverse in time. 

[Galaxy]

Note that there's no gear selector.  What's Tesla's plan for that? https://www.autoblog.com/2021/01/28/tesla-new-gear-shifter-guesses-direction-you-want/

I thought that would be satire. 

[Laconian]

Note that there's no gear selector.  What's Tesla's plan for that? https://www.autoblog.com/2021/01/28/tesla-new-gear-shifter-guesses-direction-you-want/

This looks like it's introducing new problems instead of solving existing ones.

[Morris Minor]

Reminds me of Apple's habit of putting form a ridiculously long way ahead of function. I have to reach round the back of my iMac to plug in an SD card.

[FoMoJo]

Interesting...Tesla's dirty little secret: Its net profit doesn't come from selling cars

Tesla posted its first full year of net income in 2020 -- but not because of sales to its customers.

Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can't, the automakers have to buy regulatory credits from another automaker that meets those requirements -- such as Tesla, which exclusively sells electric cars.

It's a lucrative business for Tesla -- bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla's net income of $721 million -- meaning Tesla would have otherwise posted a net loss in 2020.

"These guys are losing money selling cars. They're making money selling credits. And the credits are going away," said Gordon Johnson of GLJ Research and one of the biggest bears on Tesla (TSLA) shares.

Tesla top executives concede the company can't count on that source of cash continuing.
.....

[CaminoRacer]

I mean isn't that the point of the credits? Allow green tech to reduce costs and increase the cost of pollution?

Without the credits, Tesla will have to raise prices or reduce costs somehow.

[FoMoJo]

I mean isn't that the point of the credits? Allow green tech to reduce costs and increase the cost of pollution?

Without the credits, Tesla will have to raise prices or reduce costs somehow.

Agreed.  Innovation will eventually reduce costs, especially with battery development.  However, the development costs are great and credits work well to offset that.  Manufacturers taking the easy path by buying credits will, eventually, benefit as well.

[MrH]

I mean isn't that the point of the credits? Allow green tech to reduce costs and increase the cost of pollution?

Without the credits, Tesla will have to raise prices or reduce costs somehow.

They're recognizing credits, for cars not built yet, years in advance.  They pulled ahead years worth of credits to try to post a profit.  That revenue goes away with all major OEMs making EVs now.

[CaminoRacer]

They're recognizing credits, for cars not built yet, years in advance.  They pulled ahead years worth of credits to try to post a profit.  That revenue goes away with all major OEMs making EVs now.

Okay yeah that's a bit different.

[Morris Minor]

Between Munro's extreme loquacity and Musk's hesitancy, there is some merit to be found here. Musk should get himself into shape though - he does not look well.
https://youtu.be/YAtLTLiqNwg

[r0tor]

They're recognizing credits, for cars not built yet, years in advance.  They pulled ahead years worth of credits to try to post a profit.  That revenue goes away with all major OEMs making EVs now.

That's s fantastic burnt shorts spin on things.  They get credits based upon the number of cars they sell.  They sign contracts with OEMs looking to offset their carbon, for yes more than 1 year in contract length, which means yes at some point they need to predict sale volumes for those future years...

Hardly some kind of conspiracy

The profit on an EV sale includes the carbon offset windfalls ... That's the nature of the market no different then a manufacturer having to pay for carbon taxes or a gas guzzler tax.

[MrH]

That's s fantastic burnt shorts spin on things.  They get credits based upon the number of cars they sell.  They sign contracts with OEMs looking to offset their carbon, for yes more than 1 year in contract length, which means yes at some point they need to predict sale volumes for those future years...

Hardly some kind of conspiracy

The profit on an EV sale includes the carbon offset windfalls ... That's the nature of the market no different then a manufacturer having to pay for carbon taxes or a gas guzzler tax.

...They're booking the carbon credit revenue this year, on cars they plan to build in 2023.

[r0tor]

...They're booking the carbon credit revenue this year, on cars they plan to build in 2023.

They are signing contracts this year for carbon credits in 2023 for cars they are selling in 2023.  The payment terms of those contracts are what they are.  Front loading the contract would make sense to Tesla as the market is volatile.

[MrH]

Recognizing the revenue years in advances has zero to do with the volatility.  The pricing is already set in the contract.

[CaminoRacer]

They are signing contracts this year for carbon credits in 2023 for cars they are selling in 2023.  The payment terms of those contracts are what they are.  Front loading the contract would make sense to Tesla as the market is volatile.

When is the cash flowing into the Tesla bank accounts?

If 2023 contracts did payout this year, that seems fair.

[Soup DeVille]

Do they actually have sales contracts signed for the 2023 cars?

[r0tor]

Do they actually have sales contracts signed for the 2023 cars?

In what world is that even possible