Tesla Investor Day

Thursday, March 2, 2023 4:14 AM
I watched most of today’s presentation. What struck me most was how well Tesla is using its first mover advantage. They are years ahead of everyone in terms of product design and manufacturing efficiency. They have a huge profit margin and are using that cash flow to increase production while lowering their cost. Unless they make a huge misstep, no one will catch them. They plan to increase production from 2 million units to 20 million within a few years. That won’t leave any room for competitors.

30 comments

I am not a Tesla fan, but I can't disagree with anything you said. Tesla started outselling Mercedes, BMW and Audi years ago in the USA. Here's the stats for 2022: [view link]
shailynn
a year ago
For decades we just had "the big 3" w.r.t. American automotive manufacturing - to have a little company like Tesla be able to come in and survive and eventually be where they are now is pretty-remarkable - one would assume others tried before and failed, and many in the past probably saw it as impossible and didn't even try - even other EV startups like Rivian and Lucid are having a rough-go-of-it. Elon Musk may not only be the smartest guy in the room but likely in the world.
Papi_Chulo
a year ago
eBay made Musk rich.
shailynn
a year ago
eBay may have made him rich but Tesla made him wealthy (to the tune of the wealthiest man in the world)
Papi_Chulo
a year ago
^ are you really that stupid scrub? eBay made Musk rich because eBay bought PayPal. That is what put him into the stratosphere.
shailynn
a year ago
I’ve been a Tesla skeptic too, mostly because of the need for rare earth elements, lack of infrastructure, and limits on solar. But, they did a pretty good job of explaining how to address all this. Once production reaches a certain level, electric cars will be cheaper to build and operate than ICE vehicles. The power train is much simpler. And, economies of scale will make Tesla untouchable.
mark94
a year ago
In the early days, Tesla was essentially making cars manually. No automation. At that point, they were a joke. They’ve made the transition to a highly automated manufacturing process where scale matters. They’ve also managed their supply chain. And, as Toyota did with ICE vehicles, they’ve used design simplification and constant improvement to lower cost while improving quality. This is not the same company it was three years ago.
mark94
a year ago
All the fuss over electric cars being such a a game changer is just pure bullshit.
skibum609
a year ago
It’s a game changer largely because government is forcing the change through subsidies and regulations. Tax credits for EVs. Bans on drilling raising gas prices. Severe emissions limits adding thousands to the cost of an ICE vehicle. The change is coming because government says it will.
mark94
a year ago
It’s going to happen, the question is does it happen in 10 years or 30?
shailynn
a year ago
In the presentation, Elon said the real game changer will be autonomous driving. When that happens, there will be less need for privately owned vehicles, especially in urban areas. More people will use Uber-style services. The economics of transportation will be turned on it’s head. Personally, I think it will 20-30 years before autonomous driving is technically possible. But, it will happen.
mark94
a year ago
Tesla is only as good as its ability to stay ahead of others with battery technology and self-driving functions. Every major auto manufacturer and a mountain of tech startups are all pouring many billions each year in developing new innovations in these areas. The second that a competitor develops a battery with materially better range or a vastly improved self-driving system, Tesla is fucked unless they can acquire it through a buyout or partnership.
rickdugan
a year ago
I see Mrk advocating for us to lose all of our liberties for the sake of ,,,,,,, exactly what?
skibum609
a year ago
The sake of convenience. If I could hop in a vehicle, sleep or do work, watch a movie and arrive to my destination 6 hours later without any effort I’d fly a lot less.
shailynn
a year ago
^ we all would, but the technology isn’t ready yet it appears to be several years away at this point, then it’s going to need become easier to use, and costs will need to come down, best guess would 20-25 years yet.
twentyfive
a year ago
“I see Mrk advocating for us to lose all of our liberties for the sake of ,,,,,,, exactly what?” Nope, I’m just telling you we’ve already lost our liberty, and describing who will benefit. The game is rigged and Elon figured out how to win. As a consumer, we can either take advantage of the rules, or not. In a fair world, the government wouldn’t put its thumb on the scales and pick winners. But, if the government offers to sell us quality steak at $.98/pound, what choice do we have ?
mark94
a year ago
@mark94 I will play along and common your discussion. “Elon Musk has a gift for capturing people’s imaginations with grandiose futuristic promises. Unfortunately, he happens to be a total fraud. Increasingly, more and more people are recognizing Musk as a scam artist and a guy who’s been sanctioned for securities fraud several times.” [view link] Some of you people are the type of Americans that have a weakness for “successful/wealthy” Con-Artists/criminals Elon Musk is just the latest and grates con-artist false prophets in America, he just has a Public Relations team that manufactures fans and admirers for him. This is so obvious that people find it hard to believe, but it is the UNDENIABLE reality. :D
CJKent_band
a year ago
If Musk is nothing but a con man, could someone explain how Space X is revolutionizing the space industry and running rings around everyone, including NASA ?
mark94
a year ago
I can’t wait til they go back in the day and make a Fred Flinstone car, economical and ecological. I could just get in and peddle my feet on the ground with the help of my friend Barney as we drive off to the salt mines. Very sustainable…. Bacon!!
JimGassagain
a year ago
Musk has done more to help America "go green" than a hundred liberal politicians.
Tetradon
a year ago
@mark94 Space X technological success is due to all of the Spacex engineers and other employees who are willing to work crazy hours at lower-than-average pay because they are truly inspired by what they’re doing. Elon Musk is just a conman conning them on workin an something that he is taking undeserved credit for, like most con-man/businessman in the capitalist system. “It is the sufferings of the many which pay for the luxuries of the few.” ~ Greta Tintin Eleonora Ernman Thunberg ~ Born: 3rd January 2003 Stockholm, Sweden ~ Occupation: Student, environmental activist
CJKent_band
a year ago
Since Henry Ford invented the assembly line, all cars have been assembled in the same way. A single line where assembly takes place one piece at a time. Tesla will now begin using a modular line where 4 or 5 lines converge for final assembly of modular pieces. This will allow for much faster assembly, with many workers simultaneously building the car. It will require half the floor space. And, it will make it easier to automate tasks. This is truly revolutionary in the world of industrial engineering.
mark94
a year ago
The game is rigged, and Elon figured it out? Lmao, Elon the hero, how fucked up is that. He's a smoother version of dipshit Donald Trump. Mark, there is a famous P.T. Barnum quote and he meant it specifically for people who post the garbage you have posted. Look it up and remember: he said it, not me.
skibum609
a year ago
I wouldn’t call Elon stupid I’d go along with skibum’s assessment of him, he’s a showman, a good salesman and there’s a sucker born every minute
twentyfive
a year ago
Elons arrogance will sink him. Without subsidies he would not have made it but he keeps poking to government in the eye with his arrogance. The day the government realizes that without gas to tax they will not be able to maintain the roads that Tesla kinda depends on (and has been using for free); they will find a way to tax instead of subsidize EVs. Then the field gets more level.
623
a year ago
“he keeps poking to government in the eye” They deserve it
mark94
a year ago
The newest study on self-driving cars show society is reacting negatively to them, the more accidents they're in and support for them has dropped substantially. Why on fucking earth do we need such bullshit? Seriously. Explain why.
skibum609
a year ago
I think they've already blown their lead. Car buyers tend to have brand/model loyalty (people who buy Ford tend to buy Fords forever, etc) and while a lot of Tesla buyers were obviously excited about their purchase before they got the cars, the customer satisfaction isn't what it needs to be to have a sustained margin over other carmakers. Also, despite Musk talking about the cybertruck for a *decade*, literally since 2013, nobody has one yet. I have a couple of neighbors with Rivian trucks and they love them.
groundball
a year ago
"... The newest study on self-driving cars show society is reacting negatively to them, the more accidents they're in and support for them has dropped substantially. Why on fucking earth do we need such bullshit ..." Well - if the technology comes through it would be a help to the diabled and elderly who o/w may not be able to get around on their own; or safely-so - one would assume it could also significantly lower DUIs, as well as distracted drivers which I believe is the #1 reason for accidents - it would also eliminate the need for so many cars which are often parked idle for most hours of the day (e.g. while one is at work, or overnight; etc) - a lot of young people today seem to prefer not to own cars; self-driving-cars would likely allow for a flleet of inexpensive robo-taxis which many would prefer over owning and maintaining a car - of course this is all predicated on the tech working how it's intended.
Papi_Chulo
a year ago
===> "The newest study on self-driving cars show society is reacting negatively to them, the more accidents they're in and support for them has dropped substantially." I suspect that this is more because most people understand that these cars are being allowed on the road prematurely, before the tech is there to make them truly reliable. Once the tech catches up and they are truly Level 5 autonomous, I suspect that most people will be singing a different tune. Imagine being able to work on your computer or play video games on your way to your destination, get drunk and get home safely, sleep in your car overnight while it drives you to your vacation destination, etc., etc. But with that said, the tech is so damned far behind that I doubt that I will see it in my lifetime. Also imagine how much more infrastructure we would need if almost everyone preferred driving over mass transit, planes and trains for short and intermediate distance trips.
rickdugan
a year ago
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