Only 5% of next car purchasers expect to buy all electric cars-Road and Track.

[Non liberal]

I would like to have a functional union without 50 million Mexicans in my country or the ability to walk downtown safely.

Like Boomers inherited, but didn't pass on to their kids.

Ok, it has nothing to do with boomers. Everyone tries to blame someone instead of realizing its just evil people who do evil things.

 

[wilberforce15]

Ok, it has nothing to do with boomers. Everyone tries to blame someone instead of realizing its just evil people who do evil things.

Yes, evil people who had political control during the eras in question who all happened to be born during a certain boomtime.

 

[vantexan]

Tesla has 20B in cash and 3B in debt.

Ford has 36B in cash and 100B in debt.
GM has 26B in cash and 110B in debt.
Toyota has 76B in cash and 135B in debt.


Tesla is the only one who can survive a hard time. And they have the longest line of waiting buyers. And their buyers are all richer, and the rich take care of themselves better in depression.

In the real world in hard times people stop buying high end stuff in large numbers. A lot of rich people have their wealth tied up in stocks and real estate which are going to take a hit. Preserving capital will become much more important than flaunting wealth. The low cost manufacturers will do better in sales but like 2008 the car companies in general will be at risk of failing. And the rich do take better care of themselves in a depression by preserving their capital for what matters. What you're likely to see is Tesla shutting down production and laying off employees until times are better.

 

[vantexan]

Why would they want to buy failing companies with low margins and high debt, like Toyota or GM or Ford?

They're garbage companies.

I'm telling you they could buy them. Nobody would want to.

Taking on debt is standard procedure in car companies. Doesn't make them garbage.

 

[Non liberal]

Yes, evil people who had political control during the eras in question who all happened to be born during a certain boomtime.

Dude, our countries future has been mapped out before the boomers came along, they were just following orders.

 

[wilberforce15]

In the real world in hard times people stop buying high end stuff in large numbers. A lot of rich people have their wealth tied up in stocks and real estate which are going to take a hit. Preserving capital will become much more important than flaunting wealth. The low cost manufacturers will do better in sales but like 2008 the car companies in general will be at risk of failing. And the rich do take better care of themselves in a depression by preserving their capital for what matters. What you're likely to see is Tesla shutting down production and laying off employees until times are better.

No, high end stuff is the only stuff that still moves in a depression.
Mom and pop don't buy their 30k or 40k new car.
But the obnoxious banker still buys his 70k sports EV.
This is life.
You are wrong on the data. Last year, every maker lost ground and lost sales. Except one.
Depressions only magnify that.

 

[wilberforce15]

Dude, our countries future has been mapped out before the boomers came along, they were just following orders.

The Nuremberg defense is the same as an admission of guilt. I accept the white flag of surrender.

 

[wilberforce15]

Taking on debt is standard procedure in car companies. Doesn't make them garbage.

It does make them garbage. And it's only standard procedure because they're all garbage.

One car company didn't need debt. One company has 7x as much cash as debt.

Which one was that?

 

[vantexan]

Yes, evil people who had political control during the eras in question who all happened to be born during a certain boomtime.

Again, were Boomers in charge in the 60's? The oldest were 20 in 1966. I wasn't 20 until 1982. When are people generally in charge of companies? CEO's, etc? When do people generally come into power in business or government age wise? Late 30's to mid 50's. Let's see, the oldest Boomers were 38 in 1984. The youngest in 2002. Tell me again how Boomers were responsible for all that ails America? And was it just liberal Boomers or all of us?

 

[Non liberal]

No, high end stuff is the only stuff that still moves in a depression.
Mom and pop don't buy their 30k or 40k new car.
But the obnoxious banker still buys his 70k sports EV.
This is life.
You are wrong on the data. Last year, every maker lost ground and lost sales. Except one.
Depressions only magnify that.

This is what’s wrong with the world, geeks like yourself who think they can run a country based on data, which doesn’t mean a damn thing.

 

[wilberforce15]

This is what’s wrong with the world, geeks like yourself who think they can run a country based on data, which doesn’t mean a damn thing.

That data is just an expression of what consumers want.

it's literally just a record of what people buy.
People buy Teslas in bad times. People cut back on others. It's not my fault for noticing.

 

[vantexan]

It does make them garbage. And it's only standard procedure because they're all garbage.

One car company didn't need debt. One company has 7x as much cash as debt.

Which one was that?

You've never heard of corporate bonds? Of course large corporations take on debt. Just because Tesla was able to cash in on a mania doesn't mean they're impervious to cyclical economic downturns. All that wealth can dry up if people stop buying because of a serious depression.

 

[wilberforce15]

You've never heard of corporate bonds? Of course large corporations take on debt. Just because Tesla was able to cash in on a mania doesn't mean they're impervious to cyclical economic downturns. All that wealth can dry up if people stop buying because of a serious depression.

Tesla's cash came from operations, not stocks.
They have the highest margins in automotive history. That's where the cash came from.

Other car companies can't sell for margins. They require debt to grow.

Tesla grows faster than any maker in history basically without meaningful debt. That's the difference in being run by a super-genius with a superior product and even better factories.

 

[wilberforce15]

You've never heard of corporate bonds? Of course large corporations take on debt. Just because Tesla was able to cash in on a mania doesn't mean they're impervious to cyclical economic downturns. All that wealth can dry up if people stop buying because of a serious depression.

The entire car industry already experienced a downturn last year.

Year over year sales in the industry are down 13%. That's huge! It hits everyone. Except one.

Now tell me which maker is growing 50%+?

 

[vantexan]

Tesla's cash came from operations, not stocks.
They have the highest margins in automotive history. That's where the cash came from.

Other car companies can't sell for margins. They require debt to grow.

Tesla grows faster than any maker in history basically without meaningful debt. That's the difference in being run by a super-genius with a superior product and even better factories.

Which cashed in on a mania. Let's see how they do in a depression.

 

[wilberforce15]

Which cashed in on a mania. Let's see how they do in a depression.

They cashed in on a mania by selling cars for a profit? When nobody else can?
They cashed in on a mania by having actual profit margins?

They cashed in by having customers and demand?
Is that like cheating or something?
Everyone else experienced a depression. 13% sales hit in a year.

Tesla got 5x the opposite direction.

 

[vantexan]

The entire car industry already experienced a downturn last year.

Year over year sales in the industry are down 13%. That's huge! It hits everyone. Except one.

Now tell me which maker is growing 50%+?

The stock market was doing well and the wealthy were flush. There's a climate change mania happening. Wouldn't get too cocky if we hit a depression and a lot of signs are pointing to it.

 

[wilberforce15]

The stock market was doing well and the wealthy were flush. There's a climate change mania happening. Wouldn't get too cocky if we hit a depression and a lot of signs are pointing to it.

So why did every other automaker get hit for an industry-wide 13% plunge?
Mercedes was hit. Toyota was hit. Gm was hit. Everyone was hit.

High and low was hit. Everybody suffered.

Except one.

 

[wilberforce15]

BMW and Mercedes lost 5-10% of sales.
Tesla grew 50%.

Toyota lost almost 20% of sales.
Tesla grew 50%.

Ford lost 8% sales.
Tesla grew 50%.

GM lost 13% of sales.
Tesla grew 50%.

Do you see a pattern?

 

[wilberforce15]

This is a slightly different interval. I hope you see the point.

Any questions? Look really hard.