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  #261  
Old Posted Aug 23, 2018, 10:42 PM
jmecklenborg jmecklenborg is offline
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Originally Posted by cabasse View Post
i thought he hit is 5k/week mark. that's a lot of teslas. the new and current beef is that he "can't build the cheap one, it'll lose money."
There is almost no profit in building small and mid-sized cars, even in the huge volume that GM, Ford, Toyota, etc., build them. The big automakers only make about $1,000 per unit on small cars whereas they usually make $4,000+ per full-sized car, crossover, SUV, or truck.

The labor for parts, warehousing said parts, storing/transporting finished vehicles, and labor for final assembly of a vehicle is roughly the same no matter how large the vehicle is. But for decades the market has shown a willingness to massively overpay for physically large vehicles.

That's why GM, Ford, and Chrysler can still build their pickup trucks and SUV's in the United States whereas compact cars like the Ford Focus/Fiesta and Chevy Cruze are assembled in Mexico or elsewhere.

Tesla made a big and possibly fatal mistake by trying to get into small/midsized cars. Not only did they willingly wade into the least-profitable segment of the auto market, they're building them in the United States and so have to pay much higher wages.

Above that, Tesla is poised to exhaust its Federal tax credits before any other automaker. So if they ever actually manufacture a $35,000 Model 3, that car will cost more like $45,000 while the Chevy Bolt, etc., still sell for $35,000.
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  #262  
Old Posted Aug 25, 2018, 4:10 PM
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^ My country's automakers drew the same kind of conclusion.

They've been producing average vehicles meant for the average/middle class or for people who simply don't care so much about their cars for decades, because most people here think luxury cars are ostentatious, overly showy of one's wealth, which is basically arrogant and unfair.

However, figures tend to prove that upscale personal vehicles are indeed much more profitable.
E.g., Peugeot has to sell like 5 of their small cheaper cars to make the same kind of profit as a single big Merco.
It is a plain fact of the automotive industry. The reason why France's auto manufacturers are starting to invest in higher-end projects, so they can rival Germany's more easily.

However, I would seriously argue about the fact that this type of industry remains a main engine of the overall manufacturing sector. This is no longer any 1960s/70s.

Moreover, driving fast a sport vehicle is surely fun, few would deny. But it is illegal on regular roads for obvious safety reasons.
So driving a $3 million Bugatti on a random highway is nothing but pointless.
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  #263  
Old Posted Aug 25, 2018, 4:32 PM
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Quote:
Originally Posted by jmecklenborg View Post
Tesla made a big and possibly fatal mistake by trying to get into small/midsized cars. Not only did they willingly wade into the least-profitable segment of the auto market, they're building them in the United States and so have to pay much higher wages.

Above that, Tesla is poised to exhaust its Federal tax credits before any other automaker. So if they ever actually manufacture a $35,000 Model 3, that car will cost more like $45,000 while the Chevy Bolt, etc., still sell for $35,000.
Elon Musk has pretty openly admitted he doesn't actually care about making money. His current endeavours are more about him perusing his dreams (or stoking his ego) than they are trying to make profitable companies. Obviously making smaller, lower cost cars is a bad business decision, but the goal wasn't to be good for business, it was to get credit for popularizing electric cars.
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  #264  
Old Posted Aug 30, 2018, 1:27 PM
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Elon Musk is being sued for libel after repeating "pedo" allegations against Vern Unsworth.

https://www.cbsnews.com/news/elon-mu...eeps-tweeting/

I don't get why anyone takes this guy seriously. He makes claims that he can't live up to and few people seem to care. Like the Chicago O'Hare Loop system. There's no way he's gonna have that running in a few years and definitely not under $1 billion.
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  #265  
Old Posted Sep 13, 2018, 5:52 PM
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Elon Musk’s Boring Company wants its tunnel network to connect all the way to your garage

https://electrek.co/2018/09/13/elon-...onnect-garage/

Quote:
.....

- Elon Musk has confirmed plans for the Boring Company’s tunnel network to be able to connect all the way to residential garages so that commuters can enter the high-speed loop directly from their homes.

.....
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  #266  
Old Posted Sep 13, 2018, 6:49 PM
jmecklenborg jmecklenborg is offline
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The Boring Company is basically just a twitter account. We're years into it and they have yet to build a single TBM. They have yet to do anything other than buy somebody else's old TBM, dig a short, pointless tunnel, and post pictures of it to Twitter.

It's Theranos. There is no there there.

Last edited by jmecklenborg; Sep 14, 2018 at 9:15 PM.
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  #267  
Old Posted Sep 14, 2018, 12:33 PM
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Originally Posted by jmecklenborg View Post
All the Boring Company is basically just a twitter account. We're years into it and they have yet to build a single TBM. They have yet to do anything other than buy somebody else's old TBM, dig a short, pointless tunnel, and post pictures of it to Twitter.

It's Theranos. There is no there there.
Completely agree. A lot of the experts I’ve read talk about the Hyperloop basically say it’s DOA. Technologically it is possible. Practically, not so much. The Hyperloop has to be a straight tube. No curves. You also can’t have stops unless you find a way to safely depressurize the tube at the station without it affecting everything else as well as the various safety features needed to ensure you don’t kill everyone in the tube.

The loop isn’t any better. As far as I am aware, there’s no prototype, yet Musk is building a system for Chicago supposedly under 1 billion dollars and the City isn’t paying a dime for it. That 1bn price tag would equate to 55.5 million/mile, which would be the cheapest tunneling operation in history. It’s close to DOA as well.
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