Tesla and Uber Unlikely to Survive (Vol. 2)
Discussion
Sambucket said:
Yes, it is like a lottery win! 
It became the most shorted stock again this week.https://www.bloomberg.com/news/articles/2020-01-15...
hyphen said:
Sambucket said:
Yes, it is like a lottery win!
It became the most shorted stock again this week.https://www.bloomberg.com/news/articles/2020-01-15...
https://www.bloomberg.com/news/articles/2020-01-16...
hyphen said:
Can you let me know your real name, so can look out for you on the top 100 UK rich list 
Haha it's not that much, just enough to have a year or so off and travel while I'm still young. I've been planning this for a while and due to my laziness Tesla has gone up loads since I was supposed to do it! Sambucket said:
If I'm reading this right, there is a soft announcement and teaser image of new Tesla city car, designed and built and exported by China.
Very interesting that! Was it ever on any roadmap? Tough market to enter -- if they want to retain any of the characteristic Tesla features such as leading range & performance. We've repeatedly talked about the Nokia syndrome for established auto... And been brushed off in this thread.
Well here's the CEO of vw saying the same thing.
FRANKFURT, Jan 16 (Reuters) - Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia , which lost its dominance in the handset market to Apple.
“The big questions is: are we fast enough?,” Diess told VW’s senior managers following a global board meeting on Thursday. “If we continue at our current speed, it is going to be very tough.”
The car was is longer a mode of transport and carmakers are no longer only manufacturers of vehicles, he said.
“The era of the classic carmakers is over,” Diess added.
https://www.reuters.com/article/volkswagen-strateg...
Well here's the CEO of vw saying the same thing.
FRANKFURT, Jan 16 (Reuters) - Volkswagen Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia , which lost its dominance in the handset market to Apple.
“The big questions is: are we fast enough?,” Diess told VW’s senior managers following a global board meeting on Thursday. “If we continue at our current speed, it is going to be very tough.”
The car was is longer a mode of transport and carmakers are no longer only manufacturers of vehicles, he said.
“The era of the classic carmakers is over,” Diess added.
https://www.reuters.com/article/volkswagen-strateg...
We were promised that legacy car makers will sit back and watch Tesla take all the risks and then they will come charging in at speed with their own variants.
Except car makers are doing now what Tesla did about 5 years ago with the Tesla/Etron/I pace class of car and 3 years ago in the case of the model 3/id3 class of car.
Except car makers are doing now what Tesla did about 5 years ago with the Tesla/Etron/I pace class of car and 3 years ago in the case of the model 3/id3 class of car.
RobDickinson said:
We've repeatedly talked about the Nokia syndrome for established auto... And been brushed off in this thread.
I don't see a big contradiction tbh -- Diess needs to make his big tanker of an enterprise ready for change. Switch to a more software focused business and the move to EV drive train. No small matter that will take years.To make this work he needs the trade unions happy, existing staff trained and motivated, new internal organizations established, talented people on boarded, the dealership organization working, local politics ready for some redundancies.. Really scratching at the surface -- huge multi dimensional problem.
It's the job of the supreme leader to drive the message home to his troops. Make them ready for change, focus them on the goal instead of their internal fiefdoms... Bit of outside threat seems to be a common way of making the point. From previous experience with jobs at large corporations -- when massive re-organizations are needed, loosely similar dramatic stories had been conjured. In one example it was competition from China, in the other a switch from mechanical to a software engineering business.
Regarding the Nokia analogy -- IMVHO it doesn't work so well with automotive. Cars last way longer and the disruptors do not have enough manufacturing capacity to really damage conventional auto. But mainly the EVs on offer are not yet able to replace a _vast_ majority of the 80+ million cars sold every year.
jamoor said:
We were promised that legacy car makers will sit back and watch Tesla take all the risks and then they will come charging in at speed with their own variants.
Except car makers are doing now what Tesla did about 5 years ago with the Tesla/Etron/I pace class of car and 3 years ago in the case of the model 3/id3 class of car.
I don't think VW is talking about struggling to make EVs is he?Except car makers are doing now what Tesla did about 5 years ago with the Tesla/Etron/I pace class of car and 3 years ago in the case of the model 3/id3 class of car.
Doesn't he mean autonomous driving and a move away from individuals owning their own cars and so on? Hence his comment about cars no longer being a modemof transport.
Tesla haven't cracked it, and their software was nicked by tesla's ex staff and given to the Chinese, so they won't be so far behind. And apple, Google and so on.
He isn't talking about Tesla per se.
Edited by hyphen on Thursday 16th January 19:17
Kolbenkopp said:
Very interesting that! Was it ever on any roadmap? Tough market to enter -- if they want to retain any of the characteristic Tesla features such as leading range & performance.
Given they are capacity limited, it seems an interesting approach to introduce cheaper cars with lower profits. I thought the Model Y was meant to be the big thing (literally and figuratively)?
Tuna said:
Kolbenkopp said:
Very interesting that! Was it ever on any roadmap? Tough market to enter -- if they want to retain any of the characteristic Tesla features such as leading range & performance.
Given they are capacity limited, it seems an interesting approach to introduce cheaper cars with lower profits. I thought the Model Y was meant to be the big thing (literally and figuratively)?Musk has said he wants to do a Chinese-designed Tesla, not necessarily a city car. That sketch could just as easily be a rather larger car!
skwdenyer said:
I’m confused. The Tesla announcement is about establishing a design centre in China. The image is just something to illustrate the announcement.
Musk has said he wants to do a Chinese-designed Tesla, not necessarily a city car. That sketch could just as easily be a rather larger car!
Ah, that makes much more sense - I thought this was a plan for products for the Chinese market.Musk has said he wants to do a Chinese-designed Tesla, not necessarily a city car. That sketch could just as easily be a rather larger car!
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