Posted on 07/06/2017 8:01:55 PM PDT by Rockitz
Registrations of Tesla Inc vehicles in California, by far the largest market of the luxury electric car maker, fell 24 percent in April from a year ago, according to data from IHS Markit.
The findings come as investors worry that demand for Tesla's luxury Model S sedan is waning ahead of the mass market Model 3 launch.
Tesla earlier this week reported first-half global deliveries of its Model S and its Model X SUV at the low end of its own forecast, driving down the stock and raising questions about demand for the older models.
Teslas share price more than doubled between early December and late June as investors bet on Chief Executive Elon Musks strategy to transform the low-volume luxury electric car maker into a diversified producer of mass market vehicles, storage batteries, electric commercial trucks and rooftop solar panels. The companys market value rose past larger rivals General Motors Co and Ford Motor Co.
Since June 23, however, Tesla shares have fallen by nearly 20 percent amid concerns that demand for the companys existing models is weakening.
Overall sales of electric vehicles in the United States remain stuck at less than 1 percent of total vehicle sales, despite a growing number of models fielded by Tesla and other car makers.
Tesla declined to comment on California registration figures and noted that second-quarter global deliveries rose 53 percent from a year earlier, to just over 12,000 Model S and just over 10,000 Model X. It said earlier this week that battery pack production problems held back vehicle output in the second quarter until early June.
California, a haven for environmentalists and techies, is one of the company's leading markets. The company does not break out results by geographic area.
(Excerpt) Read more at reuters.com ...
“...electric is the future.”
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Well then...perhaps you should remortgage your house to the hilt, cash in any investments you have and invest it all in Tesla stock. Same with your IRAs, 401Ks and any other retirement funds you have-—put it ALL in Tesla stock! Pay no attention to the recent plunge in that stock’s price; buy on the dip.
Actually, don’t do that -— I don’t want to see any FReepers become impoverished.
Well, they have to...ever since the Chinese took over Volvo cars, sales tanked. One can barely see a new Volvo on the street now a days.
So...what's the fix? Of course electric because is so fashionable and PC. Good luck...
$2.03 in Ocean City, MD this past weekend.
Looks like maybe selling novelties to a distinctly wealthier class may not be the best business plan.
The experience curve on batteries is 21.6%: everytime you double the number of batteries, the price of batteries fall by 21.6%. And they keep getting denser.
Solar panels are 24.3%. Wind turbines are 16.7%
Fossil fuel is fuel and the more you use, the more it costs. 2 gallons of gas cost twice as much a one gallon.
OTOH, renewable energy is not a fuel, it is technology. The more technology you use, the cheaper it gets.
Do a google news search on battery factory
“invest it all in Tesla stock.”
I have a small holding. Up to 314 from 29 ....
The horse aND buggy guys laughed also.
Yes, we believe you. After all, you posted it on the internet under a “user name” — it MUST be true.
Dude, GO ALL IN! Electric is the future. ;-)
The pic is old, but the prices zre current (here in NC).
“Yes, we believe you. After all, you posted it on the internet under a user name it MUST be true.”
Whatever. You know my posting history supports my statement.
...and you’re too dumb to runderstand the link at post #2.
That is not how you measure it.
You would measure it relative to a car powered by a ice.
Definitely an electric car including its battery has a manufacturing carbon foot print, but it is much smaller than an ice car.
Measure the carbon foot print of the engine and transmission including the mining of the iron ore and coal. Plus the exhaust system, cooling system, etc.
If you measure it that way, it is a totally different story.
That is just on the first go around. You also have to consider the carbon foot print in recycling. Recycling the batteries is super efficient. Recycling the ice cars requires a trip to a mini-mill so it can be melted into an ingot which then can be recycled.
If you were better informed, you wouldn't be so easily manipulated by an article like that
That Swedish analysis didn’t even consider the fossil fuels necessary to generate the Amp-hours to charge the battery. Who’s being manipulated now?
“$2.03 in Ocean City, MD this past weekend.”
We had prices like that a while back here in CA, but since we use RFG (reformulated gasoline) the CA refineries have a lock on all the demand here. And they are always pulling some crap or another that keep prices higher than the national average, like “annual shutdowns” for maintenance and stuff like that. Gas prices in the middle of Nevada (like Winnemucca) are lower than here despite transportation costs because they get their supply from normal refineries in Salt Lake City. OTOH Reno which gets its supply from CA has perennially high prices.
All Oil Companies are criminal enterprises abetted by the government
Here in the SF Bay Area ( just a dozen miles or so from the Tesla Plant) Teslas are like a$$holes, everybody has one. They are the Silicon Valley/SF power leaders badge of correct environmental thinking. And I guess when your commutes are well within the range of the battery pack, they are good transportation.
But when you take a real look at the genesis of the energy they consume, they are simply not an environmentally proper solution, since a big percentage of electricity here is produced by fossil fueled power plants. Plus you will note that Musk is building his mega battery plant outside Reno, NV so he can get a pass on the emissions that plant will be giving off.
That's a falling number.
And having a 4-door sedan that eats muscle cars for breakfast has no influence?
Just a small holding. My largest is ATRI.
Yes, I loaded up on Atrion Corp stock back in September 1999 when I left employment with my then employer & transferred a substantial size 401K to an IRA. I have let that investment ride. ;-)
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