Tesla business discussion
#2011
Lexus Champion
Wow why do I feel like I've missed a lively thread?
A Model 3 is a neater car and much more desirable but inferior to a Corolla car versus car.
You're not gonna see 30 year old Teslas in 2050 or whatever beaten to death but still going strong like Corollas are known to do.
A Model 3 is a neater car and much more desirable but inferior to a Corolla car versus car.
You're not gonna see 30 year old Teslas in 2050 or whatever beaten to death but still going strong like Corollas are known to do.
#2012
Lexus Champion
Wow why do I feel like I've missed a lively thread?
A Model 3 is a neater car and much more desirable but inferior to a Corolla car versus car.
You're not gonna see 30 year old Teslas in 2050 or whatever beaten to death but still going strong like Corollas are known to do.
A Model 3 is a neater car and much more desirable but inferior to a Corolla car versus car.
You're not gonna see 30 year old Teslas in 2050 or whatever beaten to death but still going strong like Corollas are known to do.
Again, not say the Corolla is a bad car, one got me through my 20's
#2013
Pole Position
Wow why do I feel like I've missed a lively thread?
A Model 3 is a neater car and much more desirable but inferior to a Corolla car versus car.
You're not gonna see 30 year old Teslas in 2050 or whatever beaten to death but still going strong like Corollas are known to do.
A Model 3 is a neater car and much more desirable but inferior to a Corolla car versus car.
You're not gonna see 30 year old Teslas in 2050 or whatever beaten to death but still going strong like Corollas are known to do.
#2014
Forum Administrator
iTrader: (2)
Back to Tesla business topics please, not Corolla vs Tesla
#2015
Tesla May Have Just Unlocked a New, Profitable Revenue Stream
Source
Competitors rarely work together in the business world. However, it recently happened when electric vehicle (EV) titan Tesla (TSLA 2.33%) and legacy automaker Ford shocked Wall Street by announcing a partnership that would let Ford customers plug into Tesla's supercharger network.
The announcement came from a recent Twitter-spaces event that Ford CEO Jim Farley participated in with Musk to discuss the electric vehicle industry. The partnership should make Ford's customers happy, but Tesla's shareholders could be the winners.
The development could eventually create a profitable revenue stream that could pad Tesla's coffers. Here is what you need to know.
Tesla created what it calls the North American Charging Standard (NACS), which it uses on all its vehicles and charging stations in the U.S. and Canada. Many of Tesla's competitors created a different design, the Combined Charging System (CCS), and deemed it the standard for the EV industry. But Tesla has sold more vehicles than competitors who are still ramping up production. So which design is the real standard?
Ford decided that it wanted to lean on Tesla's further-along charging network to improve life for its customers as it seeks to ramp up its EV sales. The partnership will include adapters to make Ford's current EVs compatible with Tesla's NACS ports instead of the CCS. This is a potentially pivotable moment for the EV industry since further adoption of NACS would play further into Tesla's hands as a market leader. More vehicles using the NACS design means more potential charging traffic for Tesla.
It's not yet known what Ford owners will pay to use Tesla's network, but there are some clues. Tesla charges by kilowatt-hour, and non-Tesla users pay a premium compared to Tesla owners. Tesla offers a monthly subscription for $12.99 to reduce the kilowatt-hour rate to that of Tesla owners, which might indicate the ballpark that Ford users will end up paying.
Right now, paid supercharging revenue is a tiny part of Tesla's business, lumped into services and others in its financials. That revenue bucket was just $1.8 billion of its total $23 billion in the first quarter. Investors shouldn't expect a short-term notable impact of deals like Ford's partnership, but that could change. EVs are still just 1.5% of the global fleet, and service revenue from sources like charging could grow into a meaningful category over the coming years.
The announcement came from a recent Twitter-spaces event that Ford CEO Jim Farley participated in with Musk to discuss the electric vehicle industry. The partnership should make Ford's customers happy, but Tesla's shareholders could be the winners.
The development could eventually create a profitable revenue stream that could pad Tesla's coffers. Here is what you need to know.
If you can't beat 'em...
Electric vehicles aren't just a new technology for the vehicle; they also require charging stations, a massive effort to populate America with the infrastructure needed to support millions of EVs on the road. Charging a car isn't as simple as pulling up to a fuel pump because the vehicle's charging ports must be compatible with the attachments at the charging station.Tesla created what it calls the North American Charging Standard (NACS), which it uses on all its vehicles and charging stations in the U.S. and Canada. Many of Tesla's competitors created a different design, the Combined Charging System (CCS), and deemed it the standard for the EV industry. But Tesla has sold more vehicles than competitors who are still ramping up production. So which design is the real standard?
Ford decided that it wanted to lean on Tesla's further-along charging network to improve life for its customers as it seeks to ramp up its EV sales. The partnership will include adapters to make Ford's current EVs compatible with Tesla's NACS ports instead of the CCS. This is a potentially pivotable moment for the EV industry since further adoption of NACS would play further into Tesla's hands as a market leader. More vehicles using the NACS design means more potential charging traffic for Tesla.
Welcomed high-margin revenue
Pulling non-Tesla drivers through its charging network is an excellent opportunity to bring profitable revenue to Tesla. The company has already invested the capital in building its charging network (and will continue these investments), so incremental payments from non-Tesla vehicles should mostly fall straight to its bottom line.It's not yet known what Ford owners will pay to use Tesla's network, but there are some clues. Tesla charges by kilowatt-hour, and non-Tesla users pay a premium compared to Tesla owners. Tesla offers a monthly subscription for $12.99 to reduce the kilowatt-hour rate to that of Tesla owners, which might indicate the ballpark that Ford users will end up paying.
Right now, paid supercharging revenue is a tiny part of Tesla's business, lumped into services and others in its financials. That revenue bucket was just $1.8 billion of its total $23 billion in the first quarter. Investors shouldn't expect a short-term notable impact of deals like Ford's partnership, but that could change. EVs are still just 1.5% of the global fleet, and service revenue from sources like charging could grow into a meaningful category over the coming years.
What should investors do today?
You could think of Tesla and Ford's partnership as a single move in a long chess game. The EV industry is still in its early innings, and the battle over industry standards and market share is still being waged. In the short term, Tesla remains a stock that investors should track closely.
#2016
Speaks French in Russian
Crazy, If I lived in Cali, I honestly wouldn't consider any other car at that price.
Tesla Model 3 Price Slashed In Half Thanks To Incentives: Just $19,830
https://insideevs.com/news/670649/te...es-california/
Tesla Model 3 Price Slashed In Half Thanks To Incentives: Just $19,830
https://insideevs.com/news/670649/te...es-california/
#2017
Pole Position
Crazy, If I lived in Cali, I honestly wouldn't consider any other car at that price.
Tesla Model 3 Price Slashed In Half Thanks To Incentives: Just $19,830
https://insideevs.com/news/670649/te...es-california/
Tesla Model 3 Price Slashed In Half Thanks To Incentives: Just $19,830
https://insideevs.com/news/670649/te...es-california/
#2019
Pole Position
it's still a great deal. Just maybe not always quite as good as the author claimed.
it's a bit like those misleading car dealer ads where they show big discounts in the form of rebates etc., but when you look the big discount comprises a number of smaller individual rebates, and half of those rebates are mutually exclusive and could not possibly be stacked because if you could qualify for one you could not possibly qualify for the another etc.
it's a bit like those misleading car dealer ads where they show big discounts in the form of rebates etc., but when you look the big discount comprises a number of smaller individual rebates, and half of those rebates are mutually exclusive and could not possibly be stacked because if you could qualify for one you could not possibly qualify for the another etc.
#2020
The income requirements to live in CA means most folks that live in urban areas where a Tesla would make the most sense, do not qualify for these kind of rebates. Its sort of a sad and weird paradox, but reality.
#2021
Lexus Champion
Yep. I don't qualify for the either the Federal tax rebate or the State rebate due to my income which is actually unfortunate because what I make on "paper" and what I take home are two entirely different figures
#2022
Lexus Champion
Ford Switch To Tesla Charging Standard Annoys CCS Alliance
Starting in 2024, Ford's next-gen models in North America will be equipped with Tesla's NACS charging inlet
https://insideevs.com/news/670644/ch...ging-standard/
#2023
Pole Position
I read this on Twitter last night. GM CEO says "that she doesn’t see profitable electric cars in the $30,000 to $40,000 range until the end of the decade or maybe even later." She also said "Tesla has the lead in technology, profitability and scale." Source: https://electrek.co/2023/06/05/gm-ce...le-30-40k-evs/
Someone posted the article and Musk responded saying "Tesla aspires to be as helpful as possible to other car companies. We made all our patents freely available several years ago. Now, we are enabling other companies to use our Supercharger network. Also happy to license Autopilot/FSD or other Tesla technology."
How interesting - Tesla could actually license FSD to other EV manufacturers and make an absolute killing on it. I never thought of that. But this reiterates to me my belief that Tesla is NOT a traditional car company. They are a software and data company that makes cars (hardware).
Someone posted the article and Musk responded saying "Tesla aspires to be as helpful as possible to other car companies. We made all our patents freely available several years ago. Now, we are enabling other companies to use our Supercharger network. Also happy to license Autopilot/FSD or other Tesla technology."
How interesting - Tesla could actually license FSD to other EV manufacturers and make an absolute killing on it. I never thought of that. But this reiterates to me my belief that Tesla is NOT a traditional car company. They are a software and data company that makes cars (hardware).
#2025
Lexus Champion
I read this on Twitter last night. GM CEO says "that she doesn’t see profitable electric cars in the $30,000 to $40,000 range until the end of the decade or maybe even later." She also said "Tesla has the lead in technology, profitability and scale." Source: https://electrek.co/2023/06/05/gm-ce...le-30-40k-evs/
Someone posted the article and Musk responded saying "Tesla aspires to be as helpful as possible to other car companies. We made all our patents freely available several years ago. Now, we are enabling other companies to use our Supercharger network. Also happy to license Autopilot/FSD or other Tesla technology."
How interesting - Tesla could actually license FSD to other EV manufacturers and make an absolute killing on it. I never thought of that. But this reiterates to me my belief that Tesla is NOT a traditional car company. They are a software and data company that makes cars (hardware).
Someone posted the article and Musk responded saying "Tesla aspires to be as helpful as possible to other car companies. We made all our patents freely available several years ago. Now, we are enabling other companies to use our Supercharger network. Also happy to license Autopilot/FSD or other Tesla technology."
How interesting - Tesla could actually license FSD to other EV manufacturers and make an absolute killing on it. I never thought of that. But this reiterates to me my belief that Tesla is NOT a traditional car company. They are a software and data company that makes cars (hardware).