I knew car companies were willing to sell shit at a loss.

I could not for the life of me find data to defend that tho.

Fuckin' duh. The Volt. Should've been the first thing I thought of.

@Fitzydog IIRC the problem with the Volt is that it's overpriced, not that it's shitty.

I mean it's...basically got Cruze/Malibu fit and finish. It's just really not worth $50k.

Oh, I've never seen one. I'm not saying it's shit, only that there's no excuse

Tru

Of course I would find this hours later, after Matt, Sediment, and Diet are all probably asleep

I need to stop getting into debates while on my phone...

Tesla is actually profitable though because the cars are meant to be actually used not just for brand image

so they aren't little subcompact shitboxes with 50 miles of range that nobody would ever buy

I think you're mistaking a development platform for a loss leader; the current state of the ev market for the most part is experimental and while some models generate loss, this is the equivalent to r&d costs rather than companies marketing lossy options

also as of yet I don't think tesla is profitable

tesla is a garbage company filled with lies, they only managed to meet their 5k a week model 3s 6mo late by sacrificing quality control, meanwhile the model 3 that was supposed to be a c class/3 series competitor hasn't been sold close to the price of its competition, probably because the model 3 at 35k isn't profitable at all

also regarding the volt: https://insideevs.com/2016-chevrolet-volt-will-profitable/

tesla is profitable already

orly?

tesla has not yet reported a profit as far as I'm aware

https://ycharts.com/companies/TSLA/profit_margin

two profit reports in 10 years

of 2% and 0.95%

what a farce

That's not profit but it is ok

you always have to invest in development

if you don't you will die

if I remember right, when tesla did turn a profit the reason behind it was attributed significantly to California tax benefits

and really, having a company that consistently loses money is absurd, if the banking sector was doing this the financial collapse would have been 1000 times worse

It's a gamble that we will all drive electric

now that ain't gunna work some places

but by God it would work here

EZ

not really, we don't have the power infrastructure at present

also, it's gonna make a total mess of pavements with shitty charging cables all over the place

I do look forward to the vandalism that is inevitably gonna occur though

I have no doubt that in 30 years basically every car will be driven by electric motors though

my expectation is that tesla will either die or be bought by a real car company that understands obligations to investors and shareholders

I also think this will be the first time a chinese auto company will be able to enter the western market as it wont take much for them to trash teslas offerings

@LOGiK Amazon was losing money for a long time
They just were slways expanding
Tesla has a 40% margin on the cars

https://ycharts.com/companies/AMZN/profit_margin

amazons margins don't look too bad to me over the last 10 years

I am pretty confident tesla is a bull market