LeX2K

Making predictions is easy, acting on them is the hard part.

AMIRZA786

Remember, last year Tesla stock split 3 ways, so the day of the stock split, it was worth $297 instead of $891. So if you owned 1 stock worth $1000, instead you would have 3 stocks worth $333 each. The "predictions" you speak of were made pre-split, so all of them were actually wrong, and anyone who has bet against Tesla has lost that bet

LeX2K

My prediction for investor day. Tesla will talk about scaling 10x we will hear little or nothing about any new models.

On a side note, Tesla energy is barely talked about I don't know why it could end up being a bigger slice of Tesla's business pie than automotive.

AMIRZA786

Haha LoL love it!



https://www.thestreet.com/technology...urrys-warnings

LeX2K

Burry is so damn annoying. Next time he deletes his Twitter account it will be for real real this time. No do overs.

Toys4RJill

I don't remember saying that. Anyways, the stock would still be under $100 without the price cuts.

AMIRZA786

Hertz (NASDAQ: HTZ) has announced that it will continue rapidly electrifying its fleet of rental vehicles following its record earnings report for 2022.

Hertz is a clear leader in electrification in the car rental market, and buyers have responded accordingly. Hertz reported record earnings for 2022, despite numerous setbacks in the economy. Moving forward, Hertz made it clear that it will continue to double down on the things that made it so successful last year; electrification, expanded distribution, and excellence in execution.

According to Hertz’s earnings report from this morning, the company earned a record $8.7 billion in revenue during 2022, $2 billion of which was earned in Q4 of the year. On top of that, Hertz had a record GAAP net income of $2.1 billion in 2022, reaching $3.36 per diluted share. Key financial contributors include a heightened EBITDA margin of 27% and increased fleet utilization globally compared to 2021.

Hertz did not have EV-specific sales or rental data in its earnings deck.

Following this revenue boom, Hertz stock jumped by over 7 percent, encouraged by the continued growth of the travel industry post-COVID.





“Our team delivered on renewed demand for travel, which is continuing. In 2023, we will build on our progress to grow our business across the Hertz, Dollar, and Thrifty brands. We look to our investments in electrification and technology to yield increasing operating leverage and improved returns and an even better product to our customers around the world.”

Hertz made shockwaves in the rental industry when it announced that it was purchasing 100,000 Tesla Model 3s at the end of 2021, and since then, the company has only increased its investment. Following the massive Tesla deal, Hertz has ordered 175,000 EVs from General Motors and 65,000 from Polestar. Furthermore, the company has partnered with BP Pulse to begin installing charging infrastructure at each rental location.

While Hertz’s earnings presentation stated that it would grow its “EV fleet across multiple OEMs,” the rental agency did not specify what other automakers it may work with to purchase more EVs.

On top of these investments, Hertz has also been unique in its efforts to make their new massive fleet of EVs as profitable as possible. Perhaps the best example is the rental agency’s partnership with Uber, allowing Uber drivers to rent an EV for a discounted weekly fee.

This is to say nothing of the inherent benefits Hertz’s EV fleet has brought the brand. Just last year, Hertz executives excitedly announced that interest in EV rentals had shot through the roof, all while reducing operating costs for the company.

Hertz is headed in the right direction financially, largely thanks to its massive investments in electrification over the past year and a half. Hopefully, the company will continue to grow its electrification focus, resulting in continued positive financial indicators and a more sustainable mobility offering overall.

https://www.teslarati.com/hertz-elec...earnings-2023/

AMIRZA786

I want to quickly mention Tesla battery packs, where there is a lot of misunderstanding, as they get constantly compared to smartphone batteries. Tesla battery packs (as well as battery packs for most EV's) will last between 300,000 and 400,000 miles. In their lifespans, charged and discharged 1500 cycles. Unlike smartphone batteries, they are thermally managed by cooling systems such as liquid cooling, fans and are even cooled by the AC compressor. NimbleFins conducted a study of 557 Tesla's and found that after 150,000 miles, they still had an average capacity of 90 percent:

https://www.nimblefins.co.uk/study-r...-deterioration

Generally most people would be in a new car by 150,000 miles, and for sure by 300,000 miles!

LeX2K

In addition to the above, battery chemistry in a smart phone is designed to charge quickly and have as much energy density as possible. The trade off is very short life, or if it the battery doesn't die the capacity drops drastically. I have an iPhone 6 that still works but the battery won't last more than 1 hour.

Also, the above study does not include the latest Tesla's in their data which have even better cell chemistry, thermal management etc.

AMIRZA786

An iPhone 6....seriously??? Time to upgrade my friend

LeX2K

lol, no dude I have a proper device. I take old phones of people's hands and tear them down for fun. BTW unlike Apple, Tesla does not deliberately knee cap old hardware trying to force you into buying new. Tesla still updates the first year Model S.

lexusnyca

I don't think Tesla can scale 10x with the lowest priced car they sell being around $45K, and a limited number of people who pay $7500 in federal taxes to which the tax credit would fully benefit. They need a cheaper car to scale 10x, small sedan/hatchback and small CUV sized coming in around 25-30K.

AMIRZA786

Well the good news is it looks the the lower cost Model 2 is actually on the horizon which will most likely be announced in March during Investor day. But it most likely won't debut until 2025

https://cars.usnews.com/cars-trucks/...a-model-2-2025

AMIRZA786

The wheels didn’t exactly fall off Tesla’s success wagon last year, but the combination of a sliding share price, a distracted boss, bad publicity from safety-related lawsuits and rivals that finally pulled their fingers out and started delivering EVs of their own, made some people wonder if Tesla’s golden period was on the wane.

And then you look at the financial numbers and compare them with the numbers for those rivals, and you can see that Tesla is still looking anything but a spent force. Let’s start with profit: As reported by The Street, Tesla made more money than Ford and GM. Not Ford or GM, but nearly as much as Ford and GM put together. Tesla recorded a $12.6 billion profit in 2022, compared with $9.9 billion for GM, and a $2 billion loss for the Blue Oval.

That’s a pretty crazy achievement for a company that’s not even active in some major sectors of the car market. It doesn’t sell combustion or hybrid cars, has no subcompact or midsize sedans or SUVs, and though the Cybertruck is still apparently happening, for now it doesn’t offer trucks, either.

And Tesla scored a bigger profit than GM or Ford while actually registering a far lower revenue figure. Tesla’s revenue for 2022 was $81.5 billion, while GM brought in $157 billion, and Ford, $158.1 billion. Which brings us onto another Tesla fiscal fact that’s arguably more amazing than it outranking Ford and GM for take-home pay. We’re talking about earnings per car.

A report from Nikkei Asia says that Tesla earned five times more per car than Toyota did last year. Between April and December Tesla earned an average of ¥1.26 million ($9,618) per car, while Toyota could only cream off ¥240,000 ($1,832) per car, Nikkei says.
Part of the blame for that has been attributed to a rise in the cost of materials, which has affected all automakers, but has hit Toyota particularly hard. The company’s costs are reported to have increased by ¥1.1 trillion ($8.36 billion) and it is shouldering much of the rises in energy costs that have hit its suppliers to keep chains going.

https://www.carscoops.com/2023/02/te...ford-combined/

LeX2K

Toyota has the real recipe let's not forget that.

Tesla's quality has improved substantially, not perfect but no car is.