Elon Musk’s Tesla is now a ‘growth company with no growth,’ Wells Fargo writes in scathing downgrade
Elon Musk’s Tesla is now a ‘growth company with no growth,’ Wells Fargo writes in scathing downgrade
Wells Fargo analyst Colin Langan highlighted that sales volumes rose only 3% in the second half of 2023, while prices fell 5%.
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Imagine a car company selling the same model and style of car for over 10 years. That's almost every car in their line up except for the goofy rust box. There is no innovation in Tesla.
Remember when Tesla was an exciting and emergent name in energy and power systems? Tesla solar tiles made solar look incredible. What has Tesla done lately to drive down costs or increase value? Nothing. They recently came out with the 3rd iteration of their on-site battery and it is a lateral move from their earlier models. There is no long term growth or money put into research. There is no innovation at Tesla.
Nothing wrong with that if you do it right. The original air cooled VW Beetle sold and sold and sold for years.
The original Beetle was a very cheap car being sold at a time when no one else was making such vehicles. Sales tanked once competition showed up. The problem is that Tesla is seeing competition now.
Also, Teslas aren't cheap. So the market for them is much smaller.
They made the Beetle from 1938 to 2003. Pretty sure other people were making similar vehicles during that time span. They only stopped making it because it could no longer meet environmental exhaust requirements in most countries (air cooled).
Not who originally commented but you said the original air cooled beatle and then proceeded to to say 1938-2003 which is it. The OG or all of them?
The beetle was made until 2003. The new beetle, a different car, started production in 1997. It was manufactured side by side with the original beetle.
It was well past its prime by the 1970s. VW would've ended production long before 2003 if it wasn't seen as an iconic vehicle.
There's innovation. He had his engineers remove the radar sensors which made the cars more accident prone when doing actions considered solved problems by other car manufacturers
Yeah, pretty much every complaint about the current state of Tesla’s FSD boils down to one acronym: “LiDAR”.
For the unaware, Elon has convinced himself that cars should be able to drive better than humans, while receiving less visual information via LiDAR. All of the early “wow factor” stuff from Tesla’s self-driving, (like the car automatically braking because it sensed an accident four cars ahead,) was due to radar. But Elon demanded that they get rid of the radar sensors, and move entirely to LiDAR. Because it has lasers.
But the problem with LiDAR is that it can’t see around obstacles. It works via light, just like our eyes, and that means it can’t detect anything beyond the car in front of it. With radar, it could see two or three cars ahead. It could see through/around them to detect obstacles, pedestrians, etc… But now it can’t do any of that, so they’re much more prone to accidents.
Even if you buy a Tesla for the EV and tech, you should decline FSD and not rely at all on any of the automated driving features. It’s all a lie.
You're slightly off here. Elon (and Tesla as an extension) doesn't like LiDAR, and doesn't use it in any of the vehicles. Cost, complexity, and sensor fusion issues make it undesirable to them.
Tesla is using a vision only approach for their various driver assistance features, including FSD (and you should be able to find presentations where he mentions that humans use vision, so the cars should too). Whether that is a good thing or not is up to interpretation.
None of the past or current Tesla models have LiDAR sensors - only radar, ultrasonic, and 7/8 cameras (with radar and ultrasonic sensors being absent from some newer vehicles)
Because Ford is such an innovative company, right? Mustang, F-150, Explorer. If their other models disappeared, no one would notice.
I'm all for hating Musk, but the only difference Tesla and other companies is Tesla is younger. Hell, I was looking at buying an Ioniq 5. I went to the site, built one, and I get "There are zero vehicles nearby. Please look at similar vehicles near your location or contact your nearest dealer." Motherfucker I'm not paying $60k for "close enough to." Dealership shit needs to go. Put a price on the site and let me get what I order.
They were literally keeping Hyundai and/or Kia (can't remember which or both) cars on lots in Canada and not delivering then because the top level coprorate level didn't want to exceed their goals. They wouldn't release the cars to the dealers.
People were waiting months for cars because of that bullshit.
While their cars haven't changed visually, the technology in them has come a long way, in particular the battery tech.
To say there is no innovation isn't quite fair.
They said with no sourced information to support their claims...
I don't care enough about your opinion to go digging, sorry.
Kind of like no one here cares for your unsubstantiated statements?
If you can’t be bothered to back up what you’re claiming, next time don’t bother commenting at all. It’s not adding value to this discussion.
But you're on board with the original commenter saying there's been no innovation with nothing to back that up.
Interesting.
Please point out exactly where I said I agree with the original commenter and not that it’s just some inference you made. Don’t put words in my mouth.
I called this one out due to their cuntish attitude.
It was implied by you saying they aren't contributing anything to the conversation. A conversation based on a statement with no evidence.
If you're just out here playing random comment police, then as you were, officer.
What’s different?
Different types of cells, different chemistry, higher capacity, faster charging.
+1, -7
Not sure if those downvotes are from chemists… :)
Great news!
you're not allowed to be reasonable when it comes to tesla on here. have you learned nothing?
Yeah, it's kinda pathetic the blind hatred some people have for Musk and Co.
see my downvotes for confirmation. personally i do hate Musk but Tesla is not musk.