RedEye9 wrote on Apr 19, 2023, 13:29:
Coalfax wrote on Apr 19, 2023, 13:21:But on a good note it forced Tesla to cut prices for the sixth time this year and done wonders for the stock, if you’re a short seller. Reuters #
I am just really wondering why anyone would use this platform at all anymore. Its run as a useful and informative entity is gone and its a shell of its former self. Time to let it die like its owner appears to want it to do.
One of the defenses from many of the acolytes on why Tesla would reign supreme over all other automakers was that (for the past year or two) Teslas were rated by at least one survey as the most profitable automobiles. The profitability was coming from expensive software upgrades that many Silicon Valley tech workers at the time didn't mind dropping 5-digits on at the time as well as some of the EV incentives. That kind of profitability is transitory and easily eroded from any number of directions (competition, decline in number of tech workers and others feeling insecure about their finances, government changes to incentives, etc.). Compare that to the profitability of Apple that comes from a combination of very refined logistics and manufacturing supported by an ecosystem that Apple has successfully built, defended, and improved to maintain that walled moat. Back on the automobile side, luxury makers like Mercedes also topped the profitability chart - because they've developed and defended a niche rather than claiming to take on the whole automobile industry.