Benzinga’s Post

https://lnkd.in/gYw28K6c An alternate reality never took place, Tesla could have been part of Apple's vast empire. > Tesla made Elon Musk richest person in the world. > Elon Musk Tried To Sell Tesla To Apple — But CEO Tim Cook Refused To Even Meet With Him. #tesla #apple #acquisition #electricvehicles #EVs #technology #business #automotiveindustry #technology #innovation credit: benzinga

They said Tesla was done ❌ They said it was the beginning of the end ❌ They said the share price would plummet ❌ In the last few weeks, Tesla have reported less than expected sales, have fired multiple departments, have the media slating them at every opportunity, and social media predicting their downfall. Yet Tesla stock is up $40 since the 23rd April, exactly as predicted in my post 2 weeks ago. No, im not psychic, or a financial wizard, far from it, but sometimes you just have to look past all the smoke and the BS. In the same period, it’s been reported that Tesla has “cracked China” and stock in VW, Mercedes and Stellantis fall among disappointing sales and profit figures. Shares in Tesla surged after reports they had closed a deal with Baidu, a Chinese technology company based in Beijing, that would help the group roll out its Full Self Driving technology in the country. While most manufacturer are struggling, Tesla are creating their own future. They’re playing chess while the rest play checkers. #tesla #china #electriccars #electricvehicles #evcharging #sustainability #netzero #innovation #fsd #fullselfdrive

Musk may be attempting to juice sales of the software before the end of Tesla’s latest quarter. By forcing employees to demo the technology, Musk may be trying to sell a greater percentage of car buyers on it. Musk himself suggested as much in the memo, saying “almost no one actually realizes how well (supervised) FSD actually works.” The FSD gambit comes at a time of slower growth and skepticism from Tesla investors. In the past, Musk has tried similar tactics to boost revenue before the end of a quarter, offering last-minute discounts and urging employees to speed up deliveries. The need for extra revenue may be greater now after a dour earnings call in January, during which Musk warned the company was “between two major growth waves.” #ev #evmanufacturing #evmarket #businessstrategy #marketingstrategy

So, Tesla's sales numbers don't look good. It's interesting that only now pundits seem to turn to the fact that Tesla has very few models to sell. Since EVs (or any other vehicle for that matter) are not products that exhibit same-side network effects (such as iPhones), there is no reason for everyone to choose a same model/product. Compared to incumbent ICEV OEMs, Tesla only has ever produced 5 models of vehicles to date (Roadster, Model S, Model Y, Model 3, and Cybertruck). I wonder if adding a new model will help with Tesla's sales or it will just end up cannibalizing the sales of Model 3. #evtransition #tesla #automotiveindustry

Tesla Expands Austin Presence Read the full article below..

The Day Tesla Almost Became Part of Google and how Elon Musk saved it. Back in 2012, The Tesla Model S launched, matched luxury car features but faced criticism for lacking expected basics like parking sensors and had issues like non-extending door handles, affecting its reputation. Tesla faced internal challenges due to a lack of clear communication among its leaders. Thus leading Musk to make significant changes including firing some senior staff, and promoting enthusiastic junior employees. Musk also shifted the focus of various teams towards boosting car sales, emphasizing the need to turn preorders into actual sales to save Tesla from failing. Facing severe financial strain with only two weeks of cash left, Musk approached Larry Page to propose Google's purchase of Tesla for $6 billion, plus an extra $5 billion for expansion, with conditions to keep Tesla intact and Musk in charge for the next 8 years or until third generation car. Page initially agreed verbally to the deal. As Tesla negotiated with Google, its financial situation improved significantly with increased car sales and production, leading to its first quarterly profit. This turnaround enabled Tesla to repay loans and avoid bankruptcy, leading Musk to end discussions with Google. Tesla has since expanded globally Tesla nearly sold to Google. While Google advanced its automotive projects, leading to the creation of Waymo. This story highlights the dynamic nature of the tech and automotive sectors and Tesla's critical strategic choices. ~~~ If you found this helpful, reshare this post to your network and follow me Kamal Kalwa for more such content

Wheels on the #EVs go round and round in the world, but not for Tesla! plummeted a whopping 12%- wiped out USD$ 80 billion from the market cap of Tesla last Thursday upon issuing losing momentum and lacklustre growth warnings for 2024 on the face of head-to-head competition. This is mainly due to the existential threats from Chinese rivals such as EV behemoth #BYD- Dethroned Tesla in the last quater in terms of No of EVs sold and delivered. It is true that great management literiture put significant weigh on the benefits of First-Mover advantage or being #Originals in suceeding and sailing victoriously throughout the Product-Life-Cycle but, it has its own share of innate disadvantes too. I think, Tesla is a victim of its own success! Now a days, some companies tend not be the first-mover rather it would take the back seat and let the pioneers bear the brunt. Some authors called this "Used Apple Policy" as they avoid the first bite of the juicy apple while make suring it wont be the 10th bite too! BYD is a good example of this as it used to be a major battery manufacterer before make significant inroads into the EV segment under the visionary leadership of Wang Chuanfu. Subsequetly, due to immense success and visionary leadership at the top attracted investments from #Warren_Buffet's #Berkshire_Hathaway. As Adam Grant- legendary management thinker discribed in his book Originals- it is true that, early bird gets the warm, but we should not forget that early warms get caught! (summerized). Tesla is on the verge of losing heavily to Chinese rivals and it is reinforced by the recent speech of boss of Tesla- #Elon_Musk as he acknowladges the power of late-booming chinese rivals. He further went on to say that, chinese rivals are capable of demolishing most car manufacturers in the absence of trade barriers. #sagarafernando

Upon stiffening demand, Tesla partly cut its ad-team and slashed prices (in main markets like China again). A foolish move! Any cost-savings and short term sales potential will be outweighed by the negative signalling effect these measures have on markets and investors. Tesla remains the only brand known to mankind to ever take a price war to China. Pricing capabilities matter... even for Tesla. Just compare price cuts and Tesla's share price. 🤯 #Tesla #marketing #pricing #china

Tesla has posted its earnings for the first quarter of 2024, reporting $1.1 billion in net income on $21 billion in revenue. It marks a decline of nine percent from $23.3 billion the same time last year. Due to the financial crisis and slowing demand, Tesla announced last week that it’d be cutting prices of all its models to encourage new buyers. The latest price cuts were recently approved for all major markets, including US, China, and Germany. “EV adoption rate globally is under pressure and a lot of other auto manufacturers are pulling back on EVs and pursuing plug-in hybrids instead,” Musk said during the earnings call. “We believe this is not the right strategy. And electric vehicles will ultimately dominate the market.” #Tesla #EVs #Earnings #USA #Canada #News #TechNews #Tech #ITW Image: Reuters

Tesla fans, it's time to face the music. With car sales slowing down, it's possible that the company might be hitting the skids. But what if I told you that there's a way for Tesla to monetize its charging network and potentially make billions? Tesla has the world's only "universal" charging network, meaning the same network works in every country around the world. If they spun off the global charging network, it could potentially be worth $100 billion or even $176.2 billion - that's 100 times the market cap of the top 3 US companies! Not only would spinning off the charging network provide additional cash for growth of the Class 8 tractors and other initiatives, but it would also give Musk another CEO slot and more control over the whole Tesla franchise. And as I read the Ben Franklin autobiography, I was reminded of how many inventions he chose not to trademark, instead giving them to the people. That's why I'm waiving my Investment Banking fee for this idea because I believe it's in the best interest of the people. So what do you think, Tesla fans? Is it time for the company to spin off its charging network? Let's discuss in the comments below.