things are getting desperate for them. All indicators show them to have a rough ride ahead. I hope they make it. Hoping the proposed tariffs hold China at bay
75% of their issue is Musk himself. There are LOTS of people who like Tesla cars who simply won't purchase one because of him now. He isn't an asset to the company in any way and rather is a huge liability. His own decision to ignore Tesla in favor of "X" and then to come in BD swinging and fire 20% of the company basically because he didn't get his 56 Billion is asinine.
75% of their issue is Musk himself. There are LOTS of people who like Tesla cars who simply won't purchase one because of him now. He isn't an asset to the company in any way and rather is a huge liability. His own decision to ignore Tesla in favor of "X" and then to come in BD swinging and fire 20% of the company basically because he didn't get his 56 Billion is asinine.
yeah, the guy that employs many thousands and created a whole new market of vehicles and you don't like his politics..laughable. Are you mad at every tech CEO with their hundreds of thousands of layoffs too?
yeah, the guy that employs many thousands and created a whole new market of vehicles and you don't like his politics..laughable. Are you mad at every tech CEO with their hundreds of thousands of layoffs too?
75% of their issue is Musk himself. There are LOTS of people who like Tesla cars who simply won't purchase one because of him now. He isn't an asset to the company in any way and rather is a huge liability. His own decision to ignore Tesla in favor of "X" and then to come in BD swinging and fire 20% of the company basically because he didn't get his 56 Billion is asinine.
The issue is 100% that they have 4 aging models in 5 different colors.
They have been underinvesting in R&D and are paying the price.
Most people hate the maintenance costs of ICE cars.
LOL, the overblown maintenance thing. Advancements in technology have increased maintenance intervals greatly. New cars need nothing more than an EV except an oil change every 10K miles for the first 5 years or so. Heck I haven't kept a car that long in years.
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from flangomango
:
Most people hate haggling with ICE car sales bros and the BS "talk to my manager" antics.
Thats easy. Just pay MSRP, no haggle necessary, but you are on a site called Slick Deals, no? Don't you want to haggle for a better price?
Quote
from flangomango
:
Once the price of EV cars drops to $30K'ish new, it's game over for ICE cars.
Sorry Charlie, but more too it than that. Increased cost of insurance, tires and repairs as well as lack of charging infrastructure and loss of range from cold weather blah blah blah. It isn't just cost holding people back.
Huh? Average time between refreshes for legacy auto is 3-6 years.
The 3 was refreshed in the US January 2024- it's less than 6 months old.
The S/X refreshed in the US June 2021. It's less than 3 years old.
The Y first delivered in March 2020. It's barely 4 years old- was the best selling vehicle in the world in 2023- and is being refreshed in the US next year.
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from SmileyFrog
:
Th
They have been underinvesting in R&D and are paying the price.
Again... what?
Tesla spends the most on R&D per car compared to other auto makers
And lest you bring up that's using 2020 data... they've only increased R&D spending since. 2021 for example was up 73.91% from 2020...and 2022 and 2023 saw further increases.
LOL, the overblown maintenance thing. Advancements in technology have increased maintenance intervals greatly. New cars need nothing more than an EV except an oil change every 10K miles for the first 5 years or so. Heck I haven't kept a car that long in years.
Thats easy. Just pay MSRP, no haggle necessary, but you are on a site called Slick Deals, no? Don't you want to haggle for a better price?
Sorry Charlie, but more too it than that. Increased cost of insurance, tires and repairs as well as lack of charging infrastructure and loss of range from cold weather blah blah blah. It isn't just cost holding people back.
Same question for you. Are you an investor?
You all still actually go into a dealer an haggle? Every car I've bought in the last 15 years has been online, meaning I send a mass email to dealers within a certain radius what I want with some flexibility (like color) and ask for best OTD. Then I just show up to sign paperwork and pickup the car.
Huh? Average time between refreshes for legacy auto is 3-6 years.
The 3 was refreshed in the US January 2024- it's less than 6 months old.
The S/X refreshed in the US June 2021. It's less than 3 years old.
The Y first delivered in March 2020. It's barely 4 years old- was the best selling vehicle in the world in 2023- and is being refreshed in the US next year.
Again... what?
Tesla spends the most on R&D per car compared to other auto makers
And lest you bring up that's using 2020 data... they've only increased R&D spending since. 2021 for example was up 73.91% from 2020...and 2022 and 2023 saw further increases.
R&D per average car doesn't make sense when Toyota sold 11.2 cars mill in 2023 and Tesla sold 1.8 million. Toyota also has lower profit margin so that means they spend more way more for R&D.
LOL, the overblown maintenance thing. Advancements in technology have increased maintenance intervals greatly. New cars need nothing more than an EV except an oil change every 10K miles for the first 5 years or so. Heck I haven't kept a car that long in years.
Thats easy. Just pay MSRP, no haggle necessary, but you are on a site called Slick Deals, no? Don't you want to haggle for a better price?
Sorry Charlie, but more too it than that. Increased cost of insurance, tires and repairs as well as lack of charging infrastructure and loss of range from cold weather blah blah blah. It isn't just cost holding people back.
Same question for you. Are you an investor?
Oh you again? If you are changing your oil every 10k miles it's probably not going to last 100k miles. They raised the interval that high to game the cost of ownership. You still need to change your oil every 3k for maximum life PERIOD. Especially for turbo and/or direct injection.
Insurance and tires are not any different from a comparable priced ice vehicle. People like to use the instant torque, which would cause other cars with similar torque figures, like, say, a Corvette to burn through tires just as fast.
I got a quote for insurance and it was only a couple dollars a month more for a brand new model y LR then for my 2017 Hyundai sonata (not the easy to steal rental edition). Which makes sense since my car is worth 15k and the MY LR is worth almost 50k.
Teslas are extremely reliable and generally only require repairs on things like door switches that they share with all cars. The motors and batteries have a failure rate well below engine and transmission failure rate, and this is compounded by your aforementioned comment about 10k oil changes and "lifetime" transmission fluids.
This includes legacy manufacturers that have been half-assing EVs and Tesla has an even lower failure rate then that. I think it's fairly safe to assume that a modern Tesla is as reliable, or moreso then Toyota and Honda products with comparable features, and probably more reliable then the newer Honda and Toyotas that have smaller turbo engines.
Oh you again? If you are changing your oil every 10k miles it's probably not going to last 100k miles. They raised the interval that high to game the cost of ownership. You still need to change your oil every 3k for maximum life PERIOD. Especially for turbo and/or direct injection.
Insurance and tires are not any different from a comparable priced ice vehicle. People like to use the instant torque, which would cause other cars with similar torque figures, like, say, a Corvette to burn through tires just as fast.
I got a quote for insurance and it was only a couple dollars a month more for a brand new model y LR then for my 2017 Hyundai sonata (not the easy to steal rental edition). Which makes sense since my car is worth 15k and the MY LR is worth almost 50k.
Teslas are extremely reliable and generally only require repairs on things like door switches that they share with all cars. The motors and batteries have a failure rate well below engine and transmission failure rate, and this is compounded by your aforementioned comment about 10k oil changes and "lifetime" transmission fluids.
This includes legacy manufacturers that have been half-assing EVs and Tesla has an even lower failure rate then that. I think it's fairly safe to assume that a modern Tesla is as reliable, or moreso then Toyota and Honda products with comparable features, and probably more reliable then the newer Honda and Toyotas that have smaller turbo engines.
The 10k intervals are real. My old 02 Tacoma had 7.5k mile intervals. I sent my oil to Blackstone twice at 150k and 200k miles and they confirmed I could extend to 10k.
LOL, the overblown maintenance thing. Advancements in technology have increased maintenance intervals greatly. New cars need nothing more than an EV except an oil change every 10K miles for the first 5 years or so. Heck I haven't kept a car that long in years.
Agree, while under warranty, maintenance is overblown.
But, when your car starts up there in miles, you have pay thousands for engine oil leaks, transmission rebuilds. timing belt or chain replacements, radiator cooling system replacements, the list goes on.
Fact: ICE cars are orders of magnitude more complex than EV cars. You cannot cheat mechanical engineering. Simple engineering > complex engineering.
R&D per average car doesn't make sense when Toyota sold 11.2 cars mill in 2023 and Tesla sold 1.8 million.
That's exactly WHY they make sense.
If you're selling 10x more vehicles, and that includes 10x more models, you'll need to spend more raw total dollars on R&D but that tells you NOTHING about what any given car cost them in R&D terms.
It'd be like saying "Your family isn't spending enough on food" when they are spend $300 a month for a family of 2.... but you're comparing it to someone who spends $800 a month for a family of 11.
It's the second one not spending enough.
And if you wonder where those #s came from?
2023 R&D for Toyota was ~8 billion dollars to sell ~11 million cars. Tesla 2023 R&D was about 3 billion to sell ~1.8 million cars.
Toyota sold more than 6x as many vehicles but only spent 2.67x the R&D dollars.
But just go test drive a Tesla and a Toyota and turn on their ADAS systems and you'll see how much better Teslas is to get an idea of where all that $ per car is going....Or just look at the specs of Toyotas only BEV on the market vs any of Teslas, Toyotas looks bad compared to a Tesla from 10 years ago let alone today-- Or look at the chance for occupant injury scores of the two companies and you'll see it there too with Teslas the best in the industry as well.
Toyota meanwhile keeps setting cash on fire R&Ding hydrogen cars nobody wants or buys but they keep making anyway because they're so far behind on EVs.
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from TopRanked
:
Toyota also has lower profit margin so that means they spend more way more for R&D.
... no, it doesn't.
One has literally nothing to do with the other. R&D doesn't even feed into COGS from an accounting perspective, so things like gross auto margin aren't impacted by raising or lowering R&D either way.
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75% of their issue is Musk himself. There are LOTS of people who like Tesla cars who simply won't purchase one because of him now. He isn't an asset to the company in any way and rather is a huge liability. His own decision to ignore Tesla in favor of "X" and then to come in BD swinging and fire 20% of the company basically because he didn't get his 56 Billion is asinine.
They have been underinvesting in R&D and are paying the price.
Same question for you. Are you an investor?
Huh? Average time between refreshes for legacy auto is 3-6 years.
The 3 was refreshed in the US January 2024- it's less than 6 months old.
The S/X refreshed in the US June 2021. It's less than 3 years old.
The Y first delivered in March 2020. It's barely 4 years old- was the best selling vehicle in the world in 2023- and is being refreshed in the US next year.
They have been underinvesting in R&D and are paying the price.
Again... what?
Tesla spends the most on R&D per car compared to other auto makers
R&D spent per car sold:
Tesla: $2,984
Ford: $1,186
Toyota: $1,063
General Motors: $878
Chrysler: $784
https://cleantechnica.c
And lest you bring up that's using 2020 data... they've only increased R&D spending since. 2021 for example was up 73.91% from 2020...and 2022 and 2023 saw further increases.
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Thats easy. Just pay MSRP, no haggle necessary, but you are on a site called Slick Deals, no? Don't you want to haggle for a better price?
Sorry Charlie, but more too it than that. Increased cost of insurance, tires and repairs as well as lack of charging infrastructure and loss of range from cold weather blah blah blah. It isn't just cost holding people back.
Same question for you. Are you an investor?
The 3 was refreshed in the US January 2024- it's less than 6 months old.
The S/X refreshed in the US June 2021. It's less than 3 years old.
The Y first delivered in March 2020. It's barely 4 years old- was the best selling vehicle in the world in 2023- and is being refreshed in the US next year.
Again... what?
Tesla spends the most on R&D per car compared to other auto makers
R&D spent per car sold:
Tesla: $2,984
Ford: $1,186
Toyota: $1,063
General Motors: $878
Chrysler: $784
https://cleantechnica.com/2022/03...for-tesla/ [cleantechnica.com]
And lest you bring up that's using 2020 data... they've only increased R&D spending since. 2021 for example was up 73.91% from 2020...and 2022 and 2023 saw further increases.
Thats easy. Just pay MSRP, no haggle necessary, but you are on a site called Slick Deals, no? Don't you want to haggle for a better price?
Sorry Charlie, but more too it than that. Increased cost of insurance, tires and repairs as well as lack of charging infrastructure and loss of range from cold weather blah blah blah. It isn't just cost holding people back.
Same question for you. Are you an investor?
Insurance and tires are not any different from a comparable priced ice vehicle. People like to use the instant torque, which would cause other cars with similar torque figures, like, say, a Corvette to burn through tires just as fast.
I got a quote for insurance and it was only a couple dollars a month more for a brand new model y LR then for my 2017 Hyundai sonata (not the easy to steal rental edition). Which makes sense since my car is worth 15k and the MY LR is worth almost 50k.
Teslas are extremely reliable and generally only require repairs on things like door switches that they share with all cars. The motors and batteries have a failure rate well below engine and transmission failure rate, and this is compounded by your aforementioned comment about 10k oil changes and "lifetime" transmission fluids.
https://www.energy.gov/eere/vehic...ements-due
This includes legacy manufacturers that have been half-assing EVs and Tesla has an even lower failure rate then that. I think it's fairly safe to assume that a modern Tesla is as reliable, or moreso then Toyota and Honda products with comparable features, and probably more reliable then the newer Honda and Toyotas that have smaller turbo engines.
Insurance and tires are not any different from a comparable priced ice vehicle. People like to use the instant torque, which would cause other cars with similar torque figures, like, say, a Corvette to burn through tires just as fast.
I got a quote for insurance and it was only a couple dollars a month more for a brand new model y LR then for my 2017 Hyundai sonata (not the easy to steal rental edition). Which makes sense since my car is worth 15k and the MY LR is worth almost 50k.
Teslas are extremely reliable and generally only require repairs on things like door switches that they share with all cars. The motors and batteries have a failure rate well below engine and transmission failure rate, and this is compounded by your aforementioned comment about 10k oil changes and "lifetime" transmission fluids.
https://www.energy.gov/eere/vehic...ements-due
This includes legacy manufacturers that have been half-assing EVs and Tesla has an even lower failure rate then that. I think it's fairly safe to assume that a modern Tesla is as reliable, or moreso then Toyota and Honda products with comparable features, and probably more reliable then the newer Honda and Toyotas that have smaller turbo engines.
The 10k intervals are real. My old 02 Tacoma had 7.5k mile intervals. I sent my oil to Blackstone twice at 150k and 200k miles and they confirmed I could extend to 10k.
But, when your car starts up there in miles, you have pay thousands for engine oil leaks, transmission rebuilds. timing belt or chain replacements, radiator cooling system replacements, the list goes on.
Fact: ICE cars are orders of magnitude more complex than EV cars. You cannot cheat mechanical engineering. Simple engineering > complex engineering.
Are you working in the oil industry?
Sign up for a Slickdeals account to remove this ad.
If you're selling 10x more vehicles, and that includes 10x more models, you'll need to spend more raw total dollars on R&D but that tells you NOTHING about what any given car cost them in R&D terms.
It'd be like saying "Your family isn't spending enough on food" when they are spend $300 a month for a family of 2.... but you're comparing it to someone who spends $800 a month for a family of 11.
It's the second one not spending enough.
And if you wonder where those #s came from?
2023 R&D for Toyota was ~8 billion dollars to sell ~11 million cars. Tesla 2023 R&D was about 3 billion to sell ~1.8 million cars.
Toyota sold more than 6x as many vehicles but only spent 2.67x the R&D dollars.
But just go test drive a Tesla and a Toyota and turn on their ADAS systems and you'll see how much better Teslas is to get an idea of where all that $ per car is going....Or just look at the specs of Toyotas only BEV on the market vs any of Teslas, Toyotas looks bad compared to a Tesla from 10 years ago let alone today-- Or look at the chance for occupant injury scores of the two companies and you'll see it there too with Teslas the best in the industry as well.
Toyota meanwhile keeps setting cash on fire R&Ding hydrogen cars nobody wants or buys but they keep making anyway because they're so far behind on EVs.
... no, it doesn't.
One has literally nothing to do with the other. R&D doesn't even feed into COGS from an accounting perspective, so things like gross auto margin aren't impacted by raising or lowering R&D either way.