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https://theconversation.com/tesla-what-2023-holds-for-the-electric-vehicle-company-and-why-it-might-be-time-for-musk-to-go-197317>
"If share price is anything to go by, Tesla is in trouble. The market
capitalisation of the electric vehicle (EV) company has fallen by 73% from its
record high in November 2021, causing concern for investors.
On the face of it, there is no crisis. The cars are still the benchmark for
performance. The underlying technology and the sophistication of the software
remain preeminent. The supercharging network of fast EV charging stations is
the envy of competitors. Its cutting-edge assembly plant and gigafactories (for
large-scale production of EV batteries) support peak productivity.
Tesla’s direct-to-customer sales model has also allowed for rapid market
penetration and was resilient under pandemic conditions. It continues to
provide huge savings in fixed costs. The Model 3 – which is assembled in China,
where costs are low, and has been presented as the brand’s first high-volume EV
– has been successful. Tesla’s new factory in Germany, which makes its Model Y,
was producing 3,000 cars per week by the end of 2022.
And after first reporting a profit in 2020 – following years of losses in a
dash for growth – in the 12 months to September 2022 Tesla profits reached
US$11.19 billion (£9.8 billion). This was more than double the previous 12
months. So why the concern?"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
