Musk endeavours

[odysseus2000]

Sure these box makers sell a lot of cars, but in no way are they 'major motor manufacturers' in the way that the house hold names of F1 are.

You say some odd things sometimes, but this has to be the silliest.

Alfa Romeo is more of a major motor manufacture than VW or Nissan?
Aston Martin more than GM or Ford?
Haas (Dallara) and AlfaTauri are household names?

You said something wrong, just back down rather than keep digging.

I am looking at things from an investor perspective.

Any manufacturer is either in the low margin (think super market home brands) or in the premium business with a lot of advertising and higher margins. Some business will do both.

Logically there should be no need for premium business, but that assumes that human are logical and not emotional.

Someone buys a new car, say a Kia, Ford, Vauxhall... hardly anyone cares, folk just yawn.

Someone buys a Ferrari and even the folk who know nothing about cars will know that this isn't a base car, that the person who is buying it is wealthy with a high social position in society.

It takes a lot of effort to build a brand and command higher margin profits, but the business that do become more than the boring household names just by virtue of lower sales of much more expensive cars.

The Tesla plan has always been to sell to wealthy individuals to create cash flow and slowly move down towards the lower priced cars, but not by lower quality, instead their aim is to sell a premium car at low price due to being able to make it for less than their competitors.

This approach and its understanding is fundamental to any investment in Tesla.

Most people, especially well paid talking heads on cnbc etc, do not understand Tesla and are thinking about things in ways that will never allow them to see it.

Regards,

[odysseus2000]

46 minutes of Tesla driving from San Francisco to LA, not completed in video, with no interventions. There is also commentary from the leader of the self driving team at Tesla on many aspects of AI:

https://youtu.be/vnH1isMn6Xw

Regards,

[BobbyD]

Anyone who thinks logically and prudently about their purchase decisions is not going to buy a BEV.

Logically there should be no need for premium business, but that assumes that human are logical and not emotional.

That's a fallacy born of a lack of empathy. Any car can be a logical and prudent purchase if the value of the expenditure is worth less to the buyer than what they receive in return, however much you may disdain the currency in which they are rewarded. From a 17 year old Mercedes to a £3 million hypercar people demonstrate the wide range of ways in which they perceive values and gain pleasure on a daily basis through their purchases. This wide range is also incidentally why it's a good idea to have more than 3 models if you have pretensions towards becoming mass market.

[odysseus2000]

BobbyD
That's a fallacy born of a lack of empathy. Any car can be a logical and prudent purchase if the value of the expenditure is worth less to the buyer than what they receive in return, however much you may disdain the currency in which they are rewarded. From a 17 year old Mercedes to a £3 million hypercar people demonstrate the wide range of ways in which they perceive values and gain pleasure on a daily basis through their purchases. This wide range is also incidentally why it's a good idea to have more than 3 models if you have pretensions towards becoming mass market.

You need to separate the emotional aspects of buying a car from the financial aspects.

e.g buying a new car causes an immediate financial loss that can be reduced by buying a second hand car, but for many the emotional aspect of having a new car trumps the financial loss.

Incidentally having a limited range of models is a huge advantage for a manufacturer. A wide range of models such as Jaguar Landrover have is a huge disadvantage for a manufacturer.

Regards,

[murraypaul]

It takes a lot of effort to build a brand and command higher margin profits, but the business that do become more than the boring household names just by virtue of lower sales of much more expensive cars.

But I thought the F1 manufactures were the household names?
I think you are confusing yourself in your attempt not to admit being wrong.

[odysseus2000]

It takes a lot of effort to build a brand and command higher margin profits, but the business that do become more than the boring household names just by virtue of lower sales of much more expensive cars.

But I thought the F1 manufactures were the household names?
I think you are confusing yourself in your attempt not to admit being wrong.

There are cars that everyone buys and there are cars that carry an emotional bonus.

You can use what ever names you like, but there is a difference in how people view someone who has bought a Vauxhall to someone who has bought a Ferrari.

Regards,

[odysseus2000]

Andrej Karpathy, head of robotic driving at Tesla, lectures on the vision only system they are using, showing some of its advantages over the vision + radar system.

Super interesting video (37 minutes):

https://youtu.be/NSDTZQdo6H8

Regards,

[BobbyD]

You need to separate the emotional aspects of buying a car from the financial aspects.

e.g buying a new car causes an immediate financial loss that can be reduced by buying a second hand car, but for many the emotional aspect of having a new car trumps the financial loss.

You're doing that thing where you tell me I'm wrong and then repeat my own argument back to me again...

If the new car trumps the financial loss then by definition it's a logical purchase. The purchaser is receiving something they percieve to be of higher value than the money with which they are paying for it.

Incidentally having a limited range of models is a huge advantage for a manufacturer. A wide range of models such as Jaguar Landrover have is a huge disadvantage for a manufacturer.

Having a wide range of models underpinned by a common platform is a very good thing for a manufacturer.

Having a tiny sales volume like JLR is a huge disadvantage for all but the most discerning manufacturers.

[odysseus2000]

BobbyD
If the new car trumps the financial loss then by definition it's a logical purchase. The purchaser is receiving something they percieve to be of higher value than the money with which they are paying for it.

Yes, if this is the case, but in practice it isn't.

The whole industry is set up to generate maximum profits from the sales of new cars.

I have yet to see a situation where a new car is cheaper than a used one.

Can you provide examples were buying a new car is cheaper than buying a used one?

Having a wide range of models underpinned by a common platform is a very good thing for a manufacturer.

Only if the common platform is a good one. If it isn't then it undermines the whole business.

Regards,

[BobbyD]

BobbyD
If the new car trumps the financial loss then by definition it's a logical purchase. The purchaser is receiving something they percieve to be of higher value than the money with which they are paying for it.

Yes, if this is the case, but in practice it isn't.

The whole industry is set up to generate maximum profits from the sales of new cars.

I have yet to see a situation where a new car is cheaper than a used one.

Can you provide examples were buying a new car is cheaper than buying a used one?

???

[odysseus2000]

BobbyD
If the new car trumps the financial loss then by definition it's a logical purchase. The purchaser is receiving something they percieve to be of higher value than the money with which they are paying for it.

Yes, if this is the case, but in practice it isn't.

The whole industry is set up to generate maximum profits from the sales of new cars.

I have yet to see a situation where a new car is cheaper than a used one.

Can you provide examples were buying a new car is cheaper than buying a used one?

???

Does that mean you can't find an example?

Redsturgeon recently posted that he had looked at the economics and bought a used car.

Do you own a car, if so did you buy it new because it was cheaper than buying a second hand one?

Regards,

[BobbyD]

Yes, if this is the case, but in practice it isn't.

The whole industry is set up to generate maximum profits from the sales of new cars.

I have yet to see a situation where a new car is cheaper than a used one.

Can you provide examples were buying a new car is cheaper than buying a used one?

???

Does that mean you can't find an example?

No, it means I have absolutely no idea what you are going on about or its relevance tot the post you are responding to.

[murraypaul]

You can use what ever names you like, but there is a difference in how people view someone who has bought a Vauxhall to someone who has bought a Ferrari.

One needs to drive to work and the other is an insecure prat?
But maybe that's just me.

[Howard]

Vote of confidence in Tesla by Jerome Guillen, who left the company earlier in June.

He should know the future prospects better than most.

Bailing out of quite a lot of shares.

Ex-Tesla president sold stocks worth $274 million since June 10

https://www.reuters.com/business/autos- ... 021-06-18/

regards

Howard

PS That's faster accelerated selling than a Plaid

[odysseus2000]

You can use what ever names you like, but there is a difference in how people view someone who has bought a Vauxhall to someone who has bought a Ferrari.

One needs to drive to work and the other is an insecure prat?
But maybe that's just me.

Yes, it is just you.

In investment one needs to take out of the equation ones own emotional feelings and focus on how investors as a whole view things.

This is a recurrent theme on this board. Many posters say they would not buy a Tesla which is how they are, but from an investors perspective there are enough folk in the world who will buy a Tesla to make an investment/trading case.

Regards,

[odysseus2000]

Vote of confidence in Tesla by Jerome Guillen, who left the company earlier in June.

He should know the future prospects better than most.

Bailing out of quite a lot of shares.

Ex-Tesla president sold stocks worth $274 million since June 10

https://www.reuters.com/business/autos- ... 021-06-18/

regards

Howard

PS That's faster accelerated selling than a Plaid

First rule of investing, never attach much weight to director sales.

Director buys can be more interesting if there is plenty of weight to the buy, not just the odd share but a lot of shares.

Regards,

[Howard]

Vote of confidence in Tesla by Jerome Guillen, who left the company earlier in June.

He should know the future prospects better than most.

Bailing out of quite a lot of shares.

Ex-Tesla president sold stocks worth $274 million since June 10

https://www.reuters.com/business/autos- ... 021-06-18/

regards

Howard

PS That's faster accelerated selling than a Plaid

First rule of investing, never attach much weight to director sales.

Director buys can be more interesting if there is plenty of weight to the buy, not just the odd share but a lot of shares.

Regards,

I guess you know more about investing than you do about Formula 1.

regards

Howard

[odysseus2000]

ABC pillars on the Mach E (11 mins 38secs):

https://youtu.be/mUHViGGv_N8

Regards,

[BobbyD]

Volvo Car partners with Northvolt to develop and produce batteries

STOCKHOLM, June 21 (Reuters) - Volvo Car Group, owned by China's Geely Holding (GEELY.UL), announced plans on Monday for a joint venture with Swedish battery maker Northvolt to develop sustainable batteries for its electric cars and set up a gigafactory for production.

The companies aim to set up a research and development centre in Sweden to begin operations in 2022 and start a gigafactory in Europe with a potential capacity to produce up to 50 gigawatt hours (GWh) per year in 2026.

Northvolt will become Volvo Cars' exclusive battery cell production partner in Europe.

- https://www.reuters.com/business/autos- ... 021-06-21/

It's a 50/50 JV (see press release linked in article), so as 20% owners of NV VW own 20% of Volvo's exclusive European Cell production partner and 10% of the JV.

[ReformedCharacter]

SpaceX will be able to beam down Starlink satellite internet to the whole world by about September, the company's president, Gwynne Shotwell, said on Tuesday.

"We've successfully deployed 1,800 or so satellites and once all those satellites reach their operational orbit, we will have continuous global coverage, so that should be like September timeframe," Shotwell said in a video conference with Macquarie Group, reported by Reuters.

SpaceX's end goal is to launch around 42,000 Starlink satellites into low-Earth orbit by mid-2027.

https://www.businessinsider.com/spacex-starlink-satellite-internet-global-coverage-gwynne-shotwell-elon-musk-2021-6?r=US&IR=T

RC