Pretty self explanatory if you ask me.
Musk and Tesla do not need to buy other motoring companies. They are smashing the traditional makers.
There is some talk that they might however make money off them by providing access to their FSD autonomous driving platform.
Musk doesn’t need to buy anything, but he will.
Expect the Saudi’s are major shareholders in Tesla.
No they’re not?
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He doesn’t need to.
Ford, GM, Dodge and other US car makers will be out of business within 10 years. That is unless they get massive subsidies to be EV competitors.
FSD is going to kill them off.
None of them are making a profit on their vehicles and are losing tens of thousands per vehicle. Even Rivian is currently losing $40k per vehicle. Ford and GM are losing more.
Ford has stopped their electric ute production until the new year as no one is buying them.
Teslas main competitor will be BYD and other Chinese imports. Tarriifs and lack of FSD will not make them very competitive.
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Waymo CEO recently said that Telstra’s EV advantage is the volume of data and their AI capability and that it will be hard for competitors to compete. He raised the possibility to partner with Tesla. Similar t remarks from the Uber CEO.
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They did have a decent stake at one point. They wanted to take the company private.
They dumped their shares in 2019, Musk thought they would back his company
Ironically, he now decries SA funding into Lucid, one of Tesla’s competitors
Ford may have lost money on EV, but it still makes a profit, and they will evolve more into Hybrid and partner with some-one in EV. They will have revenues this year of over $160 billion about 4 time Tesla. Too big to fail.
Ford Motor net income for the twelve months ending September 30, 2024 was $3.529B, a 42.73% decline year-over-year.
- Ford Motor annual net income for 2023 was $4.347B, a 319.43% decline from 2022.
- Ford Motor annual net income for 2022 was $-1.981B, a 111.04% decline from 2021.
- Ford Motor annual net income for 2021 was $17.937B, a 1502.42% decline from 2020.*
Near future they’ll survive. Medium to longer term their only option is to partner with Tesla, BYD, etc and it will further reduce their profitability and survival.
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Trumps appointment will help. Once dems get back in their green plan if continued, will decimate them.
I don’t know if you could say this with confidence tbh, who knows what he’ll actually do
He will support ICE cars and their manufacture in the near term.
He may also help Tesla by giving them some advantages.
EV rebates will go, but there are other ways for him to help Tesla such as Tariffs on externally build cars.
He might replace the entire fleet of US govt vehicles with Teslas. Or he might deport Musk
Could go either way
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He could end up doing both of those things, such is the unpredictability
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It very much could go either way. I don’t see it as likely though.
There are a few police and other government departments that have changed from ICE to EV fleets independent from governments due to reduced costs. It will only continue and increase.
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I’ve probably derailed this thread with my Elon and Tesla love fest again. Should probably be continued in the climate or politics thread.
I’m not a fan of that presentation of the financials, it’s quite misleading.
Ford is making a lot of sales, in the $170B range. Their issue seems to be making consistent profit in the global economic chaos and later inflation that was caused by Covid.
Making a small profit most years over that period is a pretty ok result in my book. But I’m not convinced they are are set up to compete with government subsidised vehicles out of China.
Considering Elon is probably going to end up in the highest levels of the US government now, I don’t think it’s that off-topic anymore
There may even be Teslas with ICE decals escorting children away from their parents forever!
Almost anything is on the table with Trump.
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I’m just trying to work out how going from -1.981B in 2022 to +4.347B in 2023 represents a 319.43% decline
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