Tesla profits drop 71%

[special]

ztirffritz wrote:
If robotaxis do become viable then the entire auto industry will collapse. It will be cheaper to hail a cab than to drive yourself anywhere.

Who will clean up the vomit and condoms?

[Lux Interior]

Ombligo wrote: and government agencies will [...]

...be eliminated by DOGE if they threaten Tesla.

[mrbigstuff]

ztirffritz wrote:
If robotaxis do become viable then the entire auto industry will collapse. It will be cheaper to hail a cab than to drive yourself anywhere.

Only in urban areas. The whole point of a taxi system is that one can call a cab and they are there within 10 minutes or less. This system works well in highly dense population areas but not in the suburbs and exurbs and rural areas, which is how it should be (or the number of vehicles on the road would be substantial). The only exception may be slightly more availability for seniors and those who can't drive for some reason.

[ztirffritz]

Lux Interior wrote:
Why buy an EV when gas prices are at record lows?

Even less then $2 a gallon now!

$4+ in Washington

[ztirffritz]

special wrote:
[quote=ztirffritz]
If robotaxis do become viable then the entire auto industry will collapse. It will be cheaper to hail a cab than to drive yourself anywhere.

Who will clean up the vomit and condoms?
Robots. Tesla has already shown a video of a version doing this.

[pdq]

Carnos Jax wrote:
The rub is, if you were a long time investor in Tesla, you're investment has been moving sideways for the past 4 years, where the market as a whole gained 30-40%.

The S+P 500 is actually up 93% over the past 5 years; that number would be over 100% if you sold before January.

Carnos Jax wrote:
If you've been an ultra long haul investor (like me and some others around here) then you've been rewarded handsomely.

…and kudos for that. But with a current trailing P/E of 140 (!) and profits falling like they reported yesterday, it doesn’t look very compelling going forward.

(The usual disclaimer: I hold no position, short or long, in TSLA, and never have).

[chopper]

<>

Today's laugh out loud prediction.

[Speedy]

chopper wrote:
<>

Today's laugh out loud prediction.

Our daughter and her SO find using Uber is saving them money over having a car. They have the receipts to prove it.