Is that your subtle way of telling Freetrade to hurry up wth the US stuff?
I am quite impatient indeed
Inclusion in the S&P500 would certainly help the share price!
I love what Tesla is doing, havenāt followed the financials before and found it very interesting reading the above! I was surprised by the absolute growth compared to the 2 biggest car makers which also did well - Teslaās is larger but it shows thereās such a long way to go for it to become the largest in revenue terms. The trouble is the valuation is already thereā¦
Revenue under $20bn | Q3 2017 ($bn) | Q3 2018 ($bn) | Growth | Absolute Growth |
---|---|---|---|---|
Tesla | 3,0 | 6,8 | 129% | 3,8 |
Volkswagen Group | 62,5 | 64,3 | 3% | 1,8 |
Toyota | 62,9 | 65,7 | 4% | 2,8 |
Interesting stats now that the referral program is ending: https://www.reddit.com/r/teslamotors/comments/agyusp/top_tesla_referrers_some_are_easily_recognizable/?utm_source=reddit-android
Didnāt know which thread to put this is, so put it here:
Wow redundancies are one thing but fundamentally changing their distribution model is a big deal. Surely theyād only do this if theyāre really struggling
It seems noteworthy that Musk didnāt share any numbers, like what proportion of sales are made via stores vs online, for example. Presumably they would have if they didnāt think that this would have a significant impact on their sales, to help manage investorās expectations.
Reflecting on the store closures, Mr Musk said: āItās 2019. People want to buy online.ā
This is hardly the whole story. Although
The electric car and solar-panel company will keep some of its store premises open as galleries or āinformation centresā in high-traffic areas.
Iāve moved it for you as that thread was more focused on Elonās erratic behaviour & Vladās analysis is a useful reference point for this.
My feeling is theyāve tried to grow too fast without bringing in the revenue to back it up.
They have good products but building Gigafactories before they are selling a normal factory worth of stuff seems like biting off more than they can chew
This is kinda crappy news, was planning on going through Tesla recruitment this summer, but that looms unlikely nowā¦
Tesla recruitment? As in get a job there?
Yes, specifically a product specialist role. I feel as though this makes a lot of sense in the US, where integration is easier and you can order a car on your phone and have it arrive on your doorstep in a relatively short time frame. Internationally though things get more complicated and a lot of people will want to see products in person (plus having dedicated sales has contributed like 20% of revenue from what Iāve heard), so it seems like somewhat of a mistake if they cut back to only one or two stores per country.
Not sure what Iām allowed to disclose from a legal standpoint, but from the conversations with Tesla staff Iāve had they were planning on expansion in advance of the European Model 3 launch. Whether that was stalled I do not know. Employees on reddit certainly donāt know whats going on right now (different industry, but this sure does reek a lot of ActiBlizz).
Donāt think theyāve opened in Milton Keynes yet
Itās the place where it all happens!
Wow, well fingers crossed for you. So have you bought Tesla stock also?
Thanks! I am currently holding, yes:)
I donāt think anyone wants to buy a car without seeing it in person
They could just bring an example test drive car to the home of any potential customers for an hour or so for them to try. If the customer likes it they can then just order a new car via either the person whom is with the test drive car, or through the Tesla web site.
With everything now moving towards being brought to us at home/work, it kind of makes sense to do the same with something like a car. It sounded odd when I first heard about it, but the more that I think about it, the more that I think that this could work for them.
Matt
Anyone have any shares in Tesla?
Yep!
Yes, I have some now. Not regretting it, yetā¦
I found the news on hitting the 35k price point interesting and important - thatās where they could really hit the mainstream car market which is far larger than their current market.
Suspect they have cut jobs and sales channels to hit that price point before the other car makers can compete. A bold bet.