Toyota admits being hurt by Tesla, gives tepid response

Can you say Porsche?! This will be a fun year to see how Tesla will continue to hold on to the lead in EV production. This is only the beginning. Tesla should be happy that Toyota has taken a passive approach to going EV, because once Toyota goes EV it will take a bit out of Tesla sales. Peace out!

 

I hope Porsche does well. Initially 20K per year, increased to 40K. A very good start. About 8 weeks of model 3 production.

Mike

 

irony is that Volkswagen Porsche Audi sponsored "electrify america" quick Chargers (many located at dealerships, which close at night. We'll see if they are available during dealership off hours, a problem with many DC Quick Chargers around the nation) are already being shuttered - due to being defective. So which will get fixed / up & ready 1st, the Chargers or the cars.

 

it will be years before another manufacturer competes for bev sales. the last thing they want is immediate reduction of gasser sales.

 

we won't see an electric porsche outside of cali unless an owner drives one out. whereas, there are all kine of teslas in my hood

 

QUOTE="3PriusMike, post: 2839314, member: 52243"]A rate is meaningless
The biggest number on every car's dash is the speedometer. Seems like miles per hour is a rate...but maybe that is just me. When you want to know how fast your internet connection is you specify it in Mbps, typically. The is Megabits per second...or the rate of data transfer per second.

I'm guessing the the "defection rate" is probably the number of car buyers per month that trade in one brand for another. This seems like a very meaningful number.

Mike[/QUOTE]

You last sentence points out the issue. 9% may be 1 car, or 1 million cars. Unless you know the number on which the percentage is based, it is meaningless.

 

maybe because i feel the same way, but to me, any early adopter of alternative transportation is ripe for an even more efficient form.
it's only natural that the majority of tesla buyers that came from other cars were prius/leaf/other hybrid owners.

that being said, cali skews the numbers because of state/local incentives not found elsewhere

 

Well there you go. The fact that there are many buyer defections .... & that Toyota & other manufacturers are losing business, it doesn't matter - because it can be conceptualized as ratios & percentages ... & since that is difficult to nail down precisely - we can say the entire losses notion is unimportant and/or irrelevant. The only thing that's relevant is that the entire 'lost business' notion can be dismissed.

.

 

especially when it's 1/100 of one percent of your business

 

Let's not forget that currently there is no BEV for the masses. Porsche, Jaguar and Tesla (even the Model 3 in its current configuration) are all luxury cars. Even the Bolt is outside of the typical $20,000 to $25,000 range that is affordable to average families.

I think we will be seeing a slowing of production in Model 3s until the $35,000 car is available, and even then it may not make sense to ramp up production as reservations dwindle.

One thing I have noticed is that the large jump in Tesla's share value that many Cult of Elon believers felt was going to happen when Model 3 production hit 5000 units a week did not happen.

I will watch the earnings call with interest. I have my pets.com sock puppet at the ready.

 

unfortunately, theres no connection between wall street, business and good economics

 

Except the perception of the longevity of a company!

 

aye, perception. therein lies the rub

 

It's not that defections and losses are irrelevant. They are very relevant to any business. But, when discussed as rates or percentages, they are irrelevant for discussion.

To celebrate Wednesday, I am going to North Beach for the third time.

 

What's good for one is not always good for all!

 

Cash flow. Watch the cash flow. Without cash (regardless of how acquired), no company can survive for long. For Tesla, it's purple nurple time. Cash flow is low, profits are "tiny" and a $900 million convertible bond is looming due soon.