Is the Cyber Truck a Flop?

[EddieWalker]

Not sure if it's for real, but I just watched a YouTube video that claims Telsa is working on a $16,000 car that will use a new type of battery that's based on Aluminum. If this happens, I would thing very, VERY seriously about getting one. I'm not holding my breath since YouTube isn't very reliable, but it would be nice if it happened.

 

[WinterDeere]

YouTube isn't very reliable

Neither are Musk's timeline or pricing forecasts.

I understand setting lofty goals, but geez... you'd think he'd step back into reality at some point!

 

[NoTrespassing]

Neither are Musk's timeline or pricing forecasts.

I understand setting lofty goals, but geez... you'd think he'd step back into reality at some point!

Yea, Musk reminds me of a couple people I work with. I understand being positive but overly positive in business can be as bad as being negative.

Over promising and under delivering can result in the "boy who cried wolf" scenario.

 

[CloverKnollFarms]

Why sell a car for $16k, when people are HAPPY to pay say $25k for a NEW car.

You don't want everyone buying your car, you can't build enough cars, and therefore leaving a lot of money on the table. If you have more customers than you can service, your prices are too low.

 

[EddieWalker]

I can't pretend to understand how Musk thinks, or what he is trying to do. But I can appreciate how successful he has been at everything he does, so I'm taking a wait and see approach to this.

I used to think that a battery powered car was silly. Now I'm thinking that it would be very nice to have one for running errands to town and never having to stop at a gas station every again.

 

[NoTrespassing]

Why sell a car for $16k, when people are HAPPY to pay say $25k for a NEW car.

You don't want everyone buying your car, you can't build enough cars, and therefore leaving a lot of money on the table. If you have more customers than you can service, your prices are too low.

And what would the margin be on a $16K car, 10%? So, you make $1,600 per vehicle sold while others are making 4 or 5 times that per vehicle. You better sell a lot of those little cars.

 

[NoTrespassing]

I can't pretend to understand how Musk thinks, or what he is trying to do. But I can appreciate how successful he has been at everything he does, so I'm taking a wait and see approach to this.

I used to think that a battery powered car was silly. Now I'm thinking that it would be very nice to have one for running errands to town and never having to stop at a gas station every again.

Same here, an EV would be great for my wife. If and when we replace her SUV, we will be considering one.

 

[KennyG]

Neither are Musk's timeline or pricing forecasts.

I understand setting lofty goals, but geez... you'd think he'd step back into reality at some point!

It's pretty hard to find anyone today that under promises and over delivers. However, given that Musk has put more electric cars on the road than all the other companies combined and that he launches about 90% of the satellites at this point, I'd say he's been fairly successful.

 

[ning]

Yea, Musk reminds me of a couple people I work with. I understand being positive but overly positive in business can be as bad as being negative.

Over promising and under delivering can result in the "boy who cried wolf" scenario.

Apparently it can result in multi-hundred-billion-dollar, and potentially trillion-dollar, payouts, so I'd expect it to continue

 

[NoTrespassing]

Apparently it can result in multi-hundred-billion-dollar, and potentially trillion-dollar, payouts, so I'd expect it to continue

In Musk's case yes, he's a very successful businessman, in my coworkers case not so much. Around here it's a good way to lose orders.