Taycan real world Range

Discussion in 'General Topics' started by Nevadagame, Jun 19, 2019.

  1. 285kph

    285kph Member

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    from Goodcarbadcar:
    2019 YTD: Tesla 99,550 vs BMW 179,454
    Q2 2019: Tesla 53,300 vs BMW 82,551
    I'm pretty sure that 99550 < 179454 and 53300 < 82551.

    You probably got confused with BMW sedan sales, rather than "all BMWs". Btw, BMW's Q2 '19 figure is up 4% compared to Q2 '18, so they're not exactly on their way out of business yet.
     
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  2. 285kph

    285kph Member

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    I may need some help with the math here. Transportation accounts for 28% of US energy use (source: National Academies of Sciences). You say we use "over 3% of the nation’s energy to refine petroleum". How is 3% enough to cover the 28% used for transportation?
     
  3. dennis

    dennis Well-Known Member

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    #108 dennis, Aug 30, 2019
    Last edited: Aug 30, 2019
    I believe you are confusing profitability with cash flow. Tesla doesn't need to be profitable to grow its business. It just needs enough Operating Cash Flow to fund the capital expenditures it needs to grow the business. Let me explain.

    Part of the Profit and Loss calculation includes Depreciation and Stock Based Compensation. Both of these are non-cash expenditures, to the tune of about $750M in recent quarters at Tesla. That mean when Tesla breaks even from a P&L standpoint it still generates $750M in Operating Cash Flow. This can be used to fund capex and/or pay off debt. Tesla was cash flow positive in 3 of the last 4 quarters.

    Tesla has decided to forego profits in the short term in order to drive growth. The easiest way to see this is in the continue price reductions. The Model 3 Performance with the now bundled Performance Options and AutoPilot was $72K exactly a year ago (I know because I own one). The same car is now $56K. The $145K Model S P100DL is now $100K. The $100K Model S 100D is now $80K.

    Why are they doing this? To increase volume which drives down manufacturing costs and increases both market share and mindshare. And it is working, just like it worked for Amazon 5-6 years ago when they were sacrificing profits for growth. And their stock was $300/share.

    So keep an eye on the Balance Sheet, where there is currently $5B in cash, and the Cash Flow Statement rather than the headline Net Income (Loss) number to see how Tesla is doing at this current stage where growth is more important than profitability.
     
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  4. gwestr

    gwestr Active Member

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    You’re confusing a lot of things. BMW reports monthly sales, so Tesla is always 2-3 months behind. The Model 3 has the highest sales in the United States, more than Toyota Camry. That is, total dollars sold. Camry sells more units but at a much lower price.

    Tesla started sending some cars overseas in a push. It’s lumpy because they have only one factory, with 2 more opening on other continents.

    BMW is approaching 6 months of inventory and is giving out $4000 discounts and huge lease incentives. When Tesla makes a car people on the east coast will buy, then it really begins.
     
  5. gwestr

    gwestr Active Member

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    To add, Tesla is massively unit profitable. It’s investing in hundreds of other businesses, like any startup would. It’s a vertically integrated auto tech play — that has a lifetime financial relationship with the customer always online. It is not “bleeding cash”, it’s innovating and developing new revenue streams.
     
  6. 285kph

    285kph Member

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    I'm not confusing anything. You said "1 sedan sells more than all BMWs combined. ", which is false, regardless of whether cars are sent overseas, or things are "lumpy" or Tesla is late with their numbers. It's ok to be a Tesla enthusiast, but cutting down on the hyperbole/falsehoods might be a good idea, in particular on a forum for a car you have no intention to buy.
     
  7. gwestr

    gwestr Active Member

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    I’m going to buy a second EV. It has to be at least as good as Tesla or better. That really leaves only one choice, now does it? I was really in the market for a 992, Spyder/GT4, etc. But I just can’t pull the trigger on some dino burner with transmission lag, combustion lag, turbo lag, basically no torque. So I’ve wrapped my head around spending $130k. I’m just not going to blow it on a rube goldberg car. I want an EV.
     

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