I think that's what investors are wondering right now. Where are they going?
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Electric and autonomous cars in Victoria and on Vancouver Island
#11521
Posted 22 April 2024 - 12:17 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#11522
Posted 22 April 2024 - 12:19 PM
#11523
Posted 22 April 2024 - 12:24 PM
With a 65% drop in share value, it is not very profitable for investors any more, though.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#11524
Posted 22 April 2024 - 12:35 PM
Makes little difference to the company.
#11525
Posted 22 April 2024 - 12:38 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#11526
Posted 22 April 2024 - 04:41 PM
And many/most western countries have mandated all new cars must be zero-emmmission by 2035 or 2040 or so.They are the only company that’s makes electric cars profitably.
Why would you bet against the leader?
It seems weird to bet against the only company in the world that can produce electrics at a profit when 50-75% of the global market will require only electrics soon.
Edited by Victoria Watcher, 22 April 2024 - 04:54 PM.
#11527
Posted 22 April 2024 - 04:42 PM
They’ve been around for a very long time. Zero chance of GM disappearing.
They only survived 2009 thanks to a government bailout.
Edited by Victoria Watcher, 22 April 2024 - 04:42 PM.
#11528
Posted 22 April 2024 - 07:35 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#11530
Posted 23 April 2024 - 02:40 AM
Edited by Victoria Watcher, 23 April 2024 - 02:41 AM.
#11531
Posted 23 April 2024 - 05:47 AM
https://www.foxbusin...-owners-experts
Edited by Victoria Watcher, 23 April 2024 - 05:48 AM.
#11532
Posted 23 April 2024 - 05:49 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#11533
Posted 23 April 2024 - 07:49 AM
https://twitter.com/...623069825368377
Tesla’s Cybertruck, the new ‘It’ car? 10 celebrities rocking the four-wheeled status symbol, from Beyoncé and Kim Kardashian to Lady Gaga – Don Lemon reportedly even demanded one from Elon Musk
https://www.scmp.com...beyonce-and-kim
Edited by Victoria Watcher, 23 April 2024 - 07:51 AM.
#11534
Posted 23 April 2024 - 08:28 AM
#11535
Posted 23 April 2024 - 12:26 PM
Revenue declined from $25.17 billion a year earlier. Net income dropped 55% to $1.13 billion from $7.93 billion a year ago.
The drop in sales was even steeper than the company’s last decline in 2020, which was due to disrupted production during the Covid pandemic.
Tesla’s automotive revenue declined 13% year-over-year to $17.34 billion in the first three months of 2024.
Tesla shares have plummeted more than 40% this year on concerns about weak deliveries, competition in China and the company’s ongoing price cuts. Earlier this month, Tesla reported an 8.5% year-over-year decline in vehicle deliveries for the first quarter.
The stock, trading near its lowest since early 2023, rose about 5% in extended trading after the report.
The company wrote in a shareholder deck that it’s accelerating the launch of “new vehicles, including more affordable models,” that will “be able to be produced on the same manufacturing lines” as Tesla’s current lineup. Tesla is aiming to “fully utilize” its current production capacity and to achieve “more than 50% growth over 2023 production” before investing in new manufacturing lines.
Revenue in Tesla’s energy division increased 7% to $1.64 billion, while services and other revenue rose 25% to $2.29 billion compared to the same period last year.
Sales growth across EVs is slowing, and Tesla and key rivals have been slashing EV prices, on and off for months, to try to spur demand. Tesla’s gross profits plummeted 18% in the first quarter, partly owing to price cuts throughout the start of the year.
https://www.cnbc.com...s-q1-2024-.html
Edited by Victoria Watcher, 23 April 2024 - 12:26 PM.
#11536
Posted 23 April 2024 - 12:28 PM
Tesla to launch new models ahead of planned timeline, shares jump
Tesla (TSLA.O) said on Tuesday it had pulled forward the launch of new models, sending its shares up 6% in trading after the bell.
Edited by Victoria Watcher, 23 April 2024 - 12:29 PM.
#11538
Posted 23 April 2024 - 03:22 PM
The stock shot up 12% in after hours trading, presumably prior to the news hitting the airwaves.
Will there be a bloodbath tomorrow, or is the poverty model going to save the company?
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#11539
Posted 23 April 2024 - 03:27 PM
The stock shot up 12% in after hours trading, presumably prior to the news hitting the airwaves.
Will there be a bloodbath tomorrow, or is the poverty model going to save the company?
He stated it boldly today on the call. If you do not believe in the AI / self-driving goal of the company, you should not be an investor there.
After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI and autonomous vehicles.
"We're putting the actual 'auto' in 'automobile,' " Musk said, to chuckles from his executive team.
"The future is really bright," Tesla CFO Vaibhav Taneja added later. "We just have to get through this period and get there."
"This period," though, is rough. Profits were down 55% for the quarter compared to a year ago, after sales decreased and Tesla repeatedly cut prices. A number of top executives are leaving, including the head of investor relations, who dropped that news on the Tuesday earnings call. Tesla is laying off more than 10% of its global staff, and executives are clamming up when investors keep pushing for more details about a long-promised $25,000 vehicle.
In defending the company's performance, Musk and other executives pointed to broader challenges in the EV industry, as well as headwinds like an arson attack at Tesla's Berlin plant and the cost of launching the Cybertruck. They also emphasized that they still see a bright future for electric vehicles.
__________________
And operating a profitable robotaxi fleet is not just a technology problem. It requires working productively with government regulators and winning and keeping public trust — as GM's Cruise and Google's Waymo can painfully attest.
"I actually do not think there will be significant regulatory barriers, provided there is conclusive data that the autonomous car is safer than a human-driven car," Musk said, arguing that human drivers will be as outdated as human elevator operators.
Musk also sketched out a plan to use idle Teslas as a distributed AI computing business, similar in concept to Amazon Web Services cloud computing service.
https://www.wwno.org...in-on-robotaxis
Edited by Victoria Watcher, 23 April 2024 - 03:28 PM.
#11540
Posted 23 April 2024 - 05:24 PM
Canada’s Building Trades Union recently penned a letter to Prime Minister Justin Trudeau expressing frustration with Nextstar’s insistence on using temporary foreign workers through its various subcontractors, saying 50 foreign workers were set to arrive in Windsor in April to perform work previously promised to Canadians.
The corporate conglomerate building an electric battery plant in Windsor that is slated to receive billions of dollars in government has ramped its use of foreign workers at the site and has even taken work away from unionized tradespeople in recent weeks, according to explosive new allegations from a national trades union federation.
Canada’s Building Trades Union penned a letter to Prime Minister Justin Trudeau earlier this month expressing frustration with Nextstar’s insistence on using temporary foreign workers through its various subcontractors, saying 50 foreign workers were set to arrive in Windsor in early April to perform work previously promised to Canadians.
The union federation said the work could easily be performed by local tradespeople despite claims from Nextstar that it was only bringing over workers because it needed their “specialized knowledge” to get the facility up and running. For example, the CBTU said it had proof of foreign workers offloading equipment for module lines, using forklifts and conducting equipment installation work previously contracted to Canadian workers.
Nextstar denies the accusations, saying almost all of its workers are Canadian and the foreign workers have only been “hired temporarily by the suppliers to install proprietary equipment and are a requirement of warranty obligations.”
https://www.ipolitic...tery-plant-cbtu
Edited by Victoria Watcher, 23 April 2024 - 05:25 PM.
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