As Tesla car sales faltered, Musk delivered an optimistic pivot: Tesla isn’t a car company.
This is a decent summary of the earnings call. The car sales were down and boring. Elon didn’t like talking about those. Instead, the bulk of the earnings call was on Robotaxis, AI, and Optimus (bipedal robot).
Yes, a throwaway line on Model 2 was also mentioned, but its unclear what the specific plans for that are. Cybertruck and Tesla Semi were also discussed, but not Roadster.
Tesla isn’t a car company
And it shows.
Tesla isn’t a truck company either aparently.
Tesla should have transitioned and specialized into manufacturing EV batteries and related parts for real car manufacturers, while they still had a notable headstart and technological advantage in this. Because they always sucked at making cars.
Instead of that Musk decided to waste all their resources into the cybertruck, which is a terrible and niche product that will lose them money. And now Musk is trying to give himself a $56Bn paycheck while firing employees.
“resources into the *wankpanzer” Fify.
There’s an entire legion of dead battery companies (ex: A123, now acquired by some Chinese company) in the 2010s. A123 was the company making the batteries for the Chevy Spark EV, for example.
I don’t think pointing out the (now virtually dead) US Battery supplier market is where you want to go.
Note: cells and batteries are different. Tesla has fine battery tech (overrated, but fine). “Cells” are purchased from Panasonic or CATL. Cells are chemistry, batteries are electronics (hooking cells together and having safety computers balancing voltages, currents, and other attributes).
Tesla did dip into 4680 cells / chemistry, but has basically failed at it so far. Only their batteries (ie: buying Panasonic or CATL and then putting them together) has been successful. But that’s where many other companies came and died in 2010s in practice.
Did they ever have a big technology advantage in batteries? I was under the impression that while they package them a lot like the cells itself are coming from other companies like Panasonic. And I don’t think they ever had an advantage in quality of car parts.
They might have had (or still have) an advantage in software, but there they are not just competing with other car manufacturers, but also apple and Google.
And as far as self driving goes, there they imo don’t seem to have ever had a real lead. They only overpromised. Google with waymo or Mercedes among others are as far, if not further along in this regard.
Imo they have/had three distinctive advantages:
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First mover advantage. Simple as that, they were the first to fully commit. But by now that doesn’t count for anything anymore.
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No burdens in terms of legacy ICE business. This imo is the big difference that allowed them to rise in the first place. Just as kodak in the past didn’t go ahead with digital cameras, the established car manufacturers didn’t want to eat into their own lucrative sales and what they already have. If they wanted to I am certain that the likes of VW or BMW (or anyone else really) could have made the same or better EVs than tesla at the time.
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Their charging network. That’s currently what imo still makes all the difference. Question is whether this can be maintained or eventually will go away. I am betting (and hoping) that eventually charging will be fully vendor agnostic (and without subscriptions and other shenanigans).
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Indeed, it’s a cautionary tale about letting idiots who think they’re geniuses run companies.
I’ve heard that there are entire departments at Space X and Tesla whose entire duty is to keep Musk out of the business. They run endless roadblocks for him, keeping him from making important decisions that jeopardize projects. Apparently Twitter didn’t have such a department, and we’ve seen what happened there.
Tesla has been a success because of Elon.
He told bigger lies more consistently than anyone else. The media gobbled it up. And the money came in.
I don’t think there’s much more to it than that ?
Lying and cheating pays big if you’re rich when you start.
It always has. Why would it change now?
Its a car company whenever musk wants to compare teslas market share to other car manufacturers.
If you arent in that market, why make that comparison?
And Fox News isn’t a news broadcaster as soon as they are found to be spreading alternative facts. By this logic I claim to not be a person when tax season comes around.
I see you’ve decided to become a sovereign citizen.
Only several days a year, the rest I’ll continue to be a disappointment.
Ah, Robotaxis. I forgot… when were they supposed to hit the market? 5 years ago or something?
Lulz.
The quote is: Coast to Coast full self driving by 2017.
We’re at 7 years now. Still waiting.
That will not happen unless the USA standardizes all the traffic control equipment and signs. The EU is much closer.
There are already other companies with robotaxis in operation, so Tesla has thoroughly missed that market.
Because a car company would know how to make decent cars after two decade?
It’s a pump & dump scheme using ignorant tech bros as the fuel.
it’s* unclear what the specific plans for that are
People keep trying to correct this grammatical mistake. But its not working.
Its almost like none of you actually know anyone who owns these things. Or remember cars like the ford pinto.
Tesla is successful. Telsa will outlive Elon and it will become a beloved car brand again someday. Like it was before Musk revealed who he really is unabashedly.
We all might be dead at that point but there will be new Teslas being built for decades. Try to remember, there are a lot more people than Elon who are doing great work in spite of one douchebag who we now know just needs to go.
There do seem to be some parallels to Ford Motor Co., and how Henry Ford is generally regarded now.
“It’s more of a hedge fund scheme used to fleece retail…”
It makes toasters.
