[Newsbot]

Title: Tesla passes GM to become most valuable U.S. car company
Category: Business
Posted By: DrCaleb
Date: 2017-04-04 09:12:09
Canadian

[DrCaleb]

Shocking!






Ok, I'll see myself out now.

[Thanos]

This looks like a con on the same level as Bre-X turned out to be.

[DrCaleb]

Thanos Thanos:

This looks like a con on the same level as Bre-X turned out to be.

Bre-X faked geological reports. Tesla actually beat it's forecast of 25,000 cars produced last quarter.

The stock might be a little over valued, but they are producing tangible products. Not even a little like Bre-X.

[Thanos]

Saying they're only "a little over-valued" is like saying the Toronto and Vancouver housing markets are only "a little over-priced".

[BartSimpson]

Tesla makes a nice car, no doubt about it. Makes sense that investors would want to get in on it.

Now I'm just waiting for them to start producing an internal combustion vehicle that has longer range than the electric vehicles do.

[DrCaleb]

Thanos Thanos:

Saying they're only "a little over-valued" is like saying the Toronto and Vancouver housing markets are only "a little over-priced".

Don't forget they just built the largest battery factory ever. A factory that other manufacturers will buy from to power their EV's. They will also be used to store energy produced from solar in homes, and many industrial installations. Cars are just a part of the company revenue stream.

That's also 100,000 cars a year that other companies didn't sell, and the Model 3 should be in production in the second quarter this year. That'll be 1/3 the price of the Model S or Model X.

Ford on the other hand, didn't make their sales targets, and that's going to be harder with Tesla ramping up production to meet customer demand.

[Thanos]

Ford though also probably lost the sales of several hundred thousand fleet trucks in Alberta alone over the last couple of years from the oil price collapse and the ensuing economic devastation.

[BartSimpson]

Thanos Thanos:

Ford though also probably lost the sales of several hundred thousand fleet trucks in Alberta alone...

Hyperbole much? There's four million people in Alberta. WTF are they supposed to be doing? Eating the friggin' trucks?

[DrCaleb]

BartSimpson BartSimpson:

Thanos Thanos:

Ford though also probably lost the sales of several hundred thousand fleet trucks in Alberta alone...

Hyperbole much? There's four million people in Alberta. WTF are they supposed to be doing? Eating the friggin' trucks?

To be fair, pretty much half the vehicles you see on the road here are pickups. I've noticed times when every single vehicle except one at a red light or gas station was a pickup. Albertans' buy nearly more pickups than the rest of Canada combined. (48% total pickup sales). Ford and the F-150 being at the top of that list for decades.

50,000 . . I could see. Several Hundred thousand . . .is a stretch.

[housewife]

If car companies would focus on making a better product and realize that sales growth is not infinite they would get along better. The world is changing and they aren't. The Tesla looks interesting and from all the nattering my son does about the company seem to be doing a lot to improve batteries. They may never be for the masses but are certainly changing how we think about vehicles

[herbie]

What're you doing driving Fords anyways?

Just say for all the detractors out there, EV supporters are enthusiastic. This is a NEW segment, NEW cars that weren't there before.
Shit, if I lived in the Lower Mainland still, I'd already be lined up for a Chevy Bolt. Langley - Burnaby for work everyday was a killer, even ran propane to cut costs then - and no bridge tolls.
Now build the damn EV-SUVs. A $35000 Caravan, not a damn $75000 Pacifica. They'd sell to families with kids better than McNuggets

[DrCaleb]

herbie herbie:

What're you doing driving Fords anyways?

Because I have to pull a trailer, and like it to start on cold winter mornings?

Seriously, I've considered a Tesla S, but it's out of my price range. Don't like the X. And the Model 3 shares one thing with the Bolt or BMW i3 . . . "Big Brother". I really dislike the trend toward interconnectivity, and dependence on the manufacturer for it's continued operation.

For my replacement summer driver, I might get an older vehicle and soup it up, or buy my girlfriends' Dyna Glide off her. Heaven knows I have enough Mazda parts laying around I could build a couple of them!

[bootlegga]

DrCaleb DrCaleb:

BartSimpson BartSimpson:

Thanos Thanos:

Ford though also probably lost the sales of several hundred thousand fleet trucks in Alberta alone...

Hyperbole much? There's four million people in Alberta. WTF are they supposed to be doing? Eating the friggin' trucks?

To be fair, pretty much half the vehicles you see on the road here are pickups. I've noticed times when every single vehicle except one at a red light or gas station was a pickup. Albertans' buy nearly more pickups than the rest of Canada combined. (48% total pickup sales). Ford and the F-150 being at the top of that list for decades.

50,000 . . I could see. Several Hundred thousand . . .is a stretch.

Note what Thanos said:

Thanos Thanos:

several hundred thousand fleet trucks in Alberta alone over the last couple of years

There are a lot of companies that lease fleets of pick-ups for use in the patch, so stating several hundred thousand trucks over last couple of years isn't that much of a stretch really, especially when companies replace them over every two or three years due to wear and tear.

Companies prefer leasing because the cost is 100% tax deductible in Canada, unlike buying vehicles (10% depreciation/year).

[bootlegga]

DrCaleb DrCaleb:

Thanos Thanos:

This looks like a con on the same level as Bre-X turned out to be.

Bre-X faked geological reports. Tesla actually beat it's forecast of 25,000 cars produced last quarter.

The stock might be a little over valued, but they are producing tangible products. Not even a little like Bre-X.

Their stock is vastly over-valued if they produced a measly 83,922 vehicles in 2016:

https://cleantechnica.com/2017/01/03/te ... roduction/

Meanwhile, liitle old GM produced a paltry 9.5 MILLION that year:

https://www.forbes.com/sites/bertelschm ... da10a076b0

I see a clean energy bust ala the dotcom bust of 2000 in the near future if things keep progressing this way.