Tesla Inc (TSLA)

[Scumbag Fraudsters]

What false promises, pray tell?

There wasn't a single promise made in that article, but there was photographic evidence of equipment that is currently in place and ready for production.

Isn't it interesting how you turn a blind eye to ALL the false promises (and there were a lot of them) made by Tesla's CEO (who is currently under investigation and on trial for some of those false promises)

Promises of a Fuglytruck were made years before it emerged.

False promises of a Tesla driving itself from L.A. to NYC have been made since 2016, but that goal still hasn't been achieved.

The Verge -- Oct. 20, 2016

Tesla’s new self-driving system could be good enough to road trip from Los Angeles to New York by the end of next year, Elon Musk announced on a press call Wednesday. After revealing the company’s latest hardware, Musk said the company’s goal was to enable a fully autonomous trip from Los Angeles to New York by the end of next year. According to Musk, the trip would occur "without the need for a single touch" from the driver, including recharging the car’s battery.

"Our goal is, we’ll to be able to do a demonstration drive of full autonomy all the way from LA to New York," Musk said on the call. According to Musk, the trip would be "from home in LA, to dropping you off in Times Square, and then the car will go park itself."

Why aren't you upset about that MONSTROUS LIE, yet you're attacking Toyota?

Could it be because you have a vested interest in the former but not the latter?

Could it be because Der Leader's Kool-Aid packs a powerful punch?

Could it be you're lashing out as the stock flounders, the way Twitter's CEO did when its value plummeted last year?

Could it be you're just afraid of the competition?

Jalopnik -- August 2, 2023

Toyota Is More Profitable Than Tesla For First Time Since 2021

Toyota unseated Tesla as the most profitable car company in the world when it announced its earnings for its most recent fiscal quarter on Tuesday.

The shake-up comes from a combination of factors; Tesla cut vehicle prices several times this year in order to boost the volume of vehicles sold, but at the expense of profit margins. When it initially claimed the profit’s crown in 2021, the company made some of its profits on strategies such as selling regulatory credits and investing in Bitcoin, rather than selling cars. Toyota, meanwhile, made its bundle of cash on selling more cars than anyone expected — 2.3 million vehicles for $74 billion over an expected $69 billion. That’s double the company’s previous quarter’s profits, according to Reuters. A benefit of the 2021's chip shortage finally abating.

Toyota also hit 10.6 percent operating profit margin, up from 6.8 percent a year ago. Tesla managed a respectable 9.6 percent operating profit margin in its most recent quarter. Barron’s gives a good breakdown of what is going on between these two companies:

One measure of increased competition: More than 30 EV models sold more than 1,000 units in the U.S. in the second quarter of 2023. A year ago, the number was closer to 20.

Tesla and Toyota are two very different companies, but they are the world’s most valuable auto makers. Tesla’s market capitalization is about $840 billion while Toyota’s is about $270 billion.

One reason for the difference is Tesla only sells EVs, which are growing rapidly and taking share from traditional vehicles.

Toyota grew battery-electric vehicle sales 623% year over year. Impressive, but Toyota still doesn’t sell many. The company sold 29,000 BEVs in the quarter, or about 1.3% of its total. Tesla is the world’s biggest seller of BEVs. It sold about 466,000 in the comparable quarter, a record for the company and up about 83% year over year.?

Of course, Barron’s also doesn’t mention Tesla’s CEO repeatedly stepping in it in front of everyone over on the Social Media Platform Formerly Known As Twitter.