Non aviation content. Play nice – No religion, no politics and no axe grinding please.
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By Flyin'Dutch'
#1690247
They also lost nearly a billion last year.
By malcolmfrost
#1690292
Apple also lost a billion in 1997 at a similar stage of development.
Tesla are ahead of the game, producing practical cars that are highly desirable and great to drive combined with the charging infrastructure. The ICE makers are playing catch-up.
With the current focus on environmental issues fully EV is the way the world is going.
Even if the current company goes bust, the infrastructure and factories will certainly be bought by someone.
By Colonel Panic
#1690298
There will always be the nay-sayers when when disruption happens. I was more caught by the following "facts" than the recent profit figures ...

In March, in Norway, "... 31% of new car deliveries were Teslas. That’s more than the 23% of deliveries that were pure-fossil vehicle sales (all models combined). 58% of deliveries were fully electric vehicle deliveries."
johnm liked this
By Chris Martyr
#1690303
malcolmfrost wrote:Even if the current company goes bust,


Come on now Malcolm , you threw that one in on purpose didn't you. :lol:

But as you pointed out in your previous post , the Ohm market seems to be fairly robust , and none of us know Watts around the corner.

Battery cars definitely have potential though .




<thinks to self> Now geddout while you're still alive Chris.. :D
cockney steve liked this
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By cjrpaterson
#1690306
Apple also lost a billion in 1997 at a similar stage of development.

True, but there are also plenty of examples of companies which lost $1B, and then went bust the next year.

Tesla is ahead in some ways (charging infrastructure, in-car software, marketing), but not in terms of quality or production-capability. Nor is it as far ahead in self-driving capabilities as claimed; which could be a problem considering that's destined to be the Next Big Thing.
Flyin'Dutch' liked this
By johnm
#1690335
I'd happily buy a Tesla but the most I've ever spent on a car was £16000 and I'm not looking to see that go up :D
skydriller, Spooky liked this
By Cns416
#1690341
Colonel Panic wrote:
In March, in Norway, "... 31% of new car deliveries were Teslas. That’s more than the 23% of deliveries that were pure-fossil vehicle sales (all models combined). 58% of deliveries were fully electric vehicle deliveries."


The fact that EV's in Norway are exempt from VAT and other taxes and apparently ferry/boat costs/tolls might just possibly have something to do with it.
In short it's due to what amounts to massive Gov subsidy given to EV sales.

As Hong Kong found out when the subsidy is cut the sales plummet. From 2000 in one month to 32 in the same month of the following year after the cut.
T67M liked this
By johnm
#1690342
The use of taxation to promote behaviour is as old as taxation itself, it's not a subsidy it's an incentive. Similarly folks will avoid tax by doing all sorts of strange things like bricking up windows to avoid window tax for example.
Flyin'Dutch' liked this
By Colonel Panic
#1690345
Cns416 wrote:The fact that EV's in Norway are exempt from VAT and other taxes and apparently ferry/boat costs/tolls might just possibly have something to do with it.

As will the fact that the Model 3 only became available in March, so there would have been a degree of pent up demand.

But in any event, if Tesla can out sell ALL of the other EV marques combined in one month is still quite an achievement.

Tax rules will always effect behaviour; in large part that is what they are designed to do.
By Colonel Panic
#1690432
For those that can tolerate videos of longer than 21 seconds, there is quite a good Fully Charged "review" of a Model 3 here. But it is 21 minutes long. You have been warned ... :wink:

Flyin'Dutch' liked this
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