Metro Areas by Electric Vehicle(EV) Share of New Auto Registrations, 2023-2024

[Gantz]

Originally Posted by The North One

Irrelevant. Whether they're specifically for Tesla or not, they're still getting them and making their profits from it.



This is another meaningless technically. If anything works against your original comment, since you failed to account for all subsidies.



They're all real numbers for Tesla's latest quarter. Doesn't get more objective than that.

They are not real numbers. I posted the real numbers already. Tesla is profitable, and has been profitable for years by the way. At least as profitable as any other car company that is posting positive net income. Practically every business benefits from some type of government program. GM and Ford and BMW and WV benefit too as practically all auto manufacturers now have an EV line.
Tesla does not see that money from the credit, consumer does. It is not part of Tesla's revenue. The money does not go to Tesla.
Do you think school budgets go up when child tax credit increases? Yes, it is an incentive to have more kids, but it is not a direct $$ on the books, like the carbon credits are. It is very hard to quantify how much demand is incentivized by the EV tax credit to the consumers. Clearly there is some benefit though, but I suspect Tesla would be profitable even if EV tax credit went away.

[iheartthed]

Originally Posted by Gantz

The payday was agreed to in 2018, when Tesla had a lot less employees (even after layoffs).
It was literally conditioned on Elon Musk growing the company by 10 times for Elon to get paid.

Well... he didn't 10x revenue since 2018 lol. He just drove the stock price to the moon by overpromising. And he's driving the stock price back down by underdelivering lol.

[Gordo]

Originally Posted by iheartthed

Well... he didn't 10x revenue since 2018 lol. He just drove the stock price to the moon by overpromising. And he's driving the stock price back down by underdelivering lol.

I'm no Elon guy, but Tesla did have a 25%+ increase in share price this week and are now up for the year...

[iheartthed]

Originally Posted by Gordo

I'm no Elon guy, but Tesla did have a 25%+ increase in share price this week and are now up for the year...

Not sure what was the driver of that increase, but TSLA was down nearly 50% YoY a week ago. The stock is still grossly overpriced and should probably be valued at about 30% of where it's at right now ($252/share or $788bn market cap). That company's stock price has been irrational since early 2020, mostly because of nonsense promises from Elon that Tesla was something other than a car manufacturing company.

[JManc]

Originally Posted by iheartthed

Not sure what was the driver of that increase, but TSLA was down nearly 50% YoY a week ago. The stock is still grossly overpriced and should probably be valued at about 30% of where it's at right now ($252/share or $788bn market cap). That company's stock price has been irrational since early 2020, mostly because of nonsense promises from Elon that Tesla was something other than a car manufacturing company.

I agree they are definitely overvalued (so are most techish stocks) but Tesla is positioning itself beyond simply being a car company which is why I think the stock is priced accordingly. They are a closed loop system, developed their own batteries, AI and are by far, ahead in charging infrastructure plus the home solar stuff.