Stock up 3 to 4.5%+ on news. 13% less than same quarter 2024 5k fewer than consensus maybe not as bad as feared Tesla stock pops after Q2 vehicle production tops forecasts, deliveries fall 13% from year ago I don;'t get it. Build more, deliver less, inventory up and the stock goes up. But then I never have gotten Tesla stock valuations right.
Jumped in around 2019 for 50 bucks a share equivalent. Got out last December. A 6 fold win over 5yrs. That span likely used up all the luck (for Musk) for this millennium.
Worse results were already built in to the recent stock price. News not as bad as "expected" so the price goes up a bit. Mike
But where is the reason for optimism at this level? You buy stocks on expected growth and profits.....
Let's ask the Googles: "On Wednesday, Tesla said it delivered 384,122 vehicles globally in Q2, a 13% drop year-over-year. Tesla sold 373,835 Model Y crossovers and Model 3 sedans, along with just 13,409 “Other Models.” Still.....that's well over 350 THOUSAND cars and trucks...for EVangelists. I'm thinking that they're BOTH big enough to weather this storm AND big enough to stand on their own two feet without the training wheels that have been federal tax kickbacks......
Only off .1% now as bill is approved and tax rebates pulled that lowered costs of ownership. So a $40k car is now $47k and interest rates aren't friendly. How much financial wizardry can Tesla apply to counter the tides?
Don't know. Don't care. If Teslas are not cost effective by now how much more money do we have to throw at them? I cost compared a 2023 T3 and a 2023 GMC Sierra Pro (base plus towing pkg) in 2023 after spending 6 months WITH purchase authority from my CFO! She approved the funds for the truck - NOT the Tesla. No....She's not a Tesla hater those came later when TRUMP got elected. I worked it out over 5 years and at the end of that time (mileage, depreciation, insurance, fuel, initial purchase price - ALL of it) the GMC actually came out ahead!!! AND I CAN CHARGE FOR FREE AT WORK! The Tesla started out WAAAAY ahead in terms of near zero operating costs and projected zero maintenance and repairs. Sample size = 1 and post emancipation gas prices are now ($2.399 this morning) lower than they were in August of 2023. 2 years in the GMC (which I DID buy) is beating my projected maintenance and repair costs and as I pointed out gas is a little cheaper now. If BEVs don't make sense by now - for many people they just AREN'T going to, and WE the people should not ALL be forced to help pay for tax kickbacks for the (mostly upper 10%) of the people who can afford to buy them. Let the states do it - or perhaps Tesla will stop selling up-optioned Teslas and concentrate on the near-unicorn $35,000 base model BEV. This is ESPECIALLY for trucks - which some people in flyover country BOTH want and NEED because while compact BEVs ARE relatively efficient and 'affordable adjacent' trucks are neither. I'm actually a fan (though NOT an EVangelist.) I like the fact that they can be dual-hatted as a short-term home power source AND I like the fact that they can work well with solar. When I want to buy one I'll BUY it, thanks much!
Not pushing anyone to buy anything. Just continually marveling at the varying valuations, cost comparisons,etc Son owns a MY and loves it, his wife has a plug in. Me two hybrids. I envy your gas prices. $2.799 here but at 7.3 cents a mile over 6 years fuel cost I'll never recover an EV's cost nor solar, I tried but the numbers don't work out for me. Driven a van or truck twice in the last 15 years and when I need it, I rent.
My 2019 Tesla Model 3 sold for $42k and six years later, Tesla would only give $8.5k credit for it. Too bad for Tesla, mine continues to provide better service than it did in 2019: Full Self Driving since November 2024 is hands free, eyes on road, everywhere. Better tires which learned from a decade of Prius ownership. Anti-rock windshield wrap after second windshield replacement. Maintenance including $9k traction battery and $3k front suspension. Last time I checked, there were only two other EVs, Lucid (23 kWh/100 miles) and IONIQ 5 (24 kWh/100 miles) that have credible claims of better than the latest Model 3 (25 kWh/100 miles.) But I regularly 20-22 kWh/100 miles in my 2019 Model 3. Although I have a 15-35 kWh/day solar roof (this time of peak solar in the year), the real savings are on road trips. I typically pay $0.28-0.50 per kWh or $5.60 to $11.00 to drive 100 miles. For average, year round trip planning, $7.00-7.50 at a block-to-block speed of 50-52 mph. Bob Wilson
Yeah, but you get to live in NC. It's probably my ABSOLUTE favorite state that I haven't been in for more than a month at a time - ALTHOUGH you've CERTAINLY had some growing pains lately!!! It's a DANG good car. THAT's WHY I cost-compared it with my replacement truck!!!! I was going to recommend to my CFO keeping the 09 Sierra and getting a T3. (It would have been harder than getting the OBBB passed - but I might have convinced her! ) In the end - the REAL WORLD numbers went the otha way, as you pointed out. I personally think that a well-loved T3 is worth MORE than 9K after 4-5 years but markets are markets...
