(via Vincent Wolters at Seeking Alpha)
TSLA gross margin excluding R&D is comparable to that of competitors. (~25%)
TSLA SG&A per revenue is higher than that of competitors and just about wipes out gross profits.
There is no indication of economies of scale in spite of increased production.
Expansion will not lead to profits if Tesla doesn’t change its cost structure.
CURT:
(This is being critical of overhead costs – which are, admittedly, nonsense-high, but neither acknowledging that revenues purpose is to offset R&D costs, and the analyst is not putting value on the upside.
They’re using the amazon model and betting that they will own the battery market, and therefore the whole car market.
IMO this is exactly how leaps in technology should be achieved: public investment (with non-voting public ownership), and funnelling all profits into R&D and market expansion.
Markets do not produce capital intensive leaps as fast as mixed market investments.
Source: Original Site Post
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Startup Costs
A Car (50K) A Home. (350K) A Business (500K) A Portfolio. (50-500K) An Education (70K) A Woman (750k-1.2M) A Child (300-700K) You don’t have the opportunity to choose whether you operate your life as a business or not. You only have the opportunity to choose how you distribute your portfolio. The most expensive investment you can possibly make is a wife. Invest wisely. -
Startup Costs
A Car (50K) A Home. (350K) A Business (500K) A Portfolio. (50-500K) An Education (70K) A Woman (750k-1.2M) A Child (300-700K) You don’t have the opportunity to choose whether you operate your life as a business or not. You only have the opportunity to choose how you distribute your portfolio. The most expensive investment you can possibly make is a wife. Invest wisely. -
Curt Doolittle do we have a method for individuals to self-assess their personal
Curt Doolittle do we have a method for individuals to self-assess their personality type? Or is this a work in progress? -
Curt Doolittle do we have a method for individuals to self-assess their personal
Curt Doolittle do we have a method for individuals to self-assess their personality type? Or is this a work in progress? -
“Ukrainians need to understand one simple thing. As a result of Maidan, we succe
—“Ukrainians need to understand one simple thing. As a result of Maidan, we succeeded in replacing a foreign power that was very effective, especially when it came to the interests of thugs and the Kremlin, with one that was not particularly effective but ours.”—- -
“Ukrainians need to understand one simple thing. As a result of Maidan, we succe
—“Ukrainians need to understand one simple thing. As a result of Maidan, we succeeded in replacing a foreign power that was very effective, especially when it came to the interests of thugs and the Kremlin, with one that was not particularly effective but ours.”—- -
Our Brains
Synthetic/Conflationary/Consensus/Solipsistic (integrated female brain) –vs– Analytic/Deflationary/Truth/Autistic. (compartmentalized male brain) Synthetic/Analytic : similarities vs differences Conflationary/Deflationary: summarize vs atomize Consensus/Truth : Social value bias. Solipsistic/Autistic: consequence of extremes These are consequential differences of the male and female brain extremes, with most of us functioning with a bias one side or the other from the center, and some of us at either extreme. -
Our Brains
Synthetic/Conflationary/Consensus/Solipsistic (integrated female brain) –vs– Analytic/Deflationary/Truth/Autistic. (compartmentalized male brain) Synthetic/Analytic : similarities vs differences Conflationary/Deflationary: summarize vs atomize Consensus/Truth : Social value bias. Solipsistic/Autistic: consequence of extremes These are consequential differences of the male and female brain extremes, with most of us functioning with a bias one side or the other from the center, and some of us at either extreme. -
Definition: “Intellectual”
DEFINITION: “INTELLECTUAL” (Idea Worker, Seller of Ideas) —“Curt, define the term ‘intellectual’ pls.”— Francesco Principi “Idea-workers that exercise influence on policy makers and public opinion, but are not directly accountable for the results.” “Those whose careers are built on the creation and dissemination of ideas have played a role in many societies out of all proportion to their numbers. Whether that role has, on balance, made those around them better off or worse off is one of the key questions of our times.” Empirically speaking it is very hard to argue that intellectuals in the 20th c have produced more harm than good. See Thomas Sowell’s “Intellectuals and Society”.