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Yeah, those are not going to be on the refresh, you can see those are just plastic parts you get off of Ebay. Speaking about refresh, I'm now seeing a ton of the new 2024 Model 3's on the road. Two this morning, and two truckfulls being delivered on my way to work
You did not address at all the points above as to how FSD will generate all these revenue streams for Tesla in the near term, given all the impediments, including the fact other companies already HAVE self driving taxis and the legal problems of full autonomy in personal vehicles.
I am skeptical, but I am willing to be convinced. I mean, but not by simply telling me..."oh yeah they'll do it".
I have seen no evidence that you are willing to be convinced, every post you make in here is anti-EV and anti-Tesla, even trying to convince us an old Prius was superior. Arguing with people like that is really exhausting...
It didn't trick @AMIRZA786 but it got me. Haha
On first observation I thought it was maybe a Model Y that someone put cheap plastic trim on, but then after further observation, I could see it wasn't a Tesla at all. I've been to China, and if you visit shops there, they have fakes of everything, from fake iPhones to fashion shoes and clothing. Some done well, and some not so well like that Model Y, that looks completely off
Starting to see more and more Cyber Trucks. Here's one wrapped in pink I ran into on my way home from work
Fascinating to look at, but still ugly in any color
Yeah but you'll always remember that mobile home business...! I think this is the first major thing people will do with these is use them to promote businesses.
Yeah but you'll always remember that mobile home business...! I think this is the first major thing people will do with these is use them to promote businesses.
I bet the company sponsored his wrap, dude looked way too young to be able to afford wrap much less a Cyber Truck. Although some of these social media influencers make a ton of money
Tesla Has Built a Charging Business to Be Taken Seriously
BloombergNEF estimates the company could generate $7.4 billion in revenue and around $740 million in profit by 2030
Not Too Shabby
BloombergNEF just published an analysis of how electric-vehicle charging companies are faring financially. Some lesser-known companies in the space — Finnish fast-charging manufacturer Kempower and Dutch fast-charging operator Fastned, for example — are turning a corner with respect to profitability.
BNEF estimates that annual worldwide public-charging revenue will rise to $127 billion by 2030, with probably the most familiar company — Tesla — on track to mop up $7.4 billion, or around 6%, of all that business.
Tesla has long been applauded for laying the foundation for EV adoption with its Supercharger network — the company now has more than 57,000 Superchargers globally. Assuming that each charger delivered around 200 kilowatt-hours a day and that Tesla collected an average tariff of $0.4 per kWh, we estimate that the company generated around $1.74 billion of charging revenue last year. This amounts to around 17% of Tesla’s “Services & Other” segment, and roughly 1.5% of total revenue.
Tesla’s network hasn’t grown at quite the clip executives have projected. During an October 2021 earnings call, Senior Vice President Drew Baglino said the company planned to triple the size of its network over the next two years. While Tesla has more than doubled since then, the company didn’t quite hit its target.
The EV maker has still installed around 13,000 superchargers a year for the last few years. If we assume the company can increase this to 18,000 installations a year, it could have as many as 180,000 superchargers globally by 2030.
This level of growth may not materialize for several reasons, but if we assume it does, and project an uptick in charger utilization to 280 kWh per day, driven by a bigger EV fleet and faster charging, the network could deliver an impressive 18.4 TWh a year by 2030.
Apply a 10% target profit margin to projected revenue, based on an April 2022 Tweet from Elon Musk, and you arrive at a not-too-shabby $740 million in 2030 earnings.
Tesla gets additional value out of its the Supercharger network beyond the sale of electricity, in the form of marketing. To access the company’s vast network, non-Tesla drivers have to download the Tesla app and drive to Superchargers plastered with its brand. This presents ample opportunity for Tesla to advertise its range of products and convert customers from the competition. It also raises the question in the customer’s mind — why can’t my automaker make charging work?
There are plenty of high-profile deals between fierce competitors elsewhere in the business world — Apple, for instance, is in talks to license Google’s Gemini artificial intelligence platform for the iPhone. But it’s not often you see a CEO post positively on various social media channels about experiencing a competitor's product quite like Fords Jim Farley has https://www.linkedin.com/posts/jim-farley_electricvehicles-ev-electricvehiclecharging-activity-7168956790087364609-sSdz?
Is this a sensible way to conserve resources, or symbolic of how Tesla has cemented its status as the US electric-vehicle and charging leader? Time will tell.
Retailers also will be a source of revenue for charging operators. Tesla is already known for its ability to point its drivers to its own Superchargers through its navigation system. In the future, this could be monetized to send drivers toward venues that want to attract customers.
The link between selling fuel and retailing store merchandise is well known. Alimentation Couche-Tard, the parent of convenience-store chain Circle K, generated 74% of revenue last year with fuel sales, but this accounted for only 50% of gross profit, at a gross profit margin of 11%. Merchandise and service sales made up only 24% of revenue, but a much higher 49% of gross profit, due to a 34% gross profit margin.
Tesla has not announced a retail strategy, but it is building a drive-in diner, movie theater and Supercharger station in Los Angeles. This may be a bit of a gimmick, but the value of Tesla’s charging network and its links with retail are anything but.
BTW on a different topic, I officially saw the Model 3 Ludicrous being tested with a Plaid logo on the back! At first I thought it was installed by the owner, but then I saw written "Tesla Engineering" on the front doors. Tried to get a picture, but couldn't get to my phone in time 😭
04-08-24, 07:25 AM
