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slemke

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  1. Like
    slemke reacted to fuzzymoomoo in Sandy Munro’s dire warning   
    Bullshit. If that was really the case being shut down due to covid for 3 months last year would have bankrupted at least one of them. Instead profits not only continued but actually grew as we came out of it. 
  2. Like
    slemke reacted to Flying68 in Sandy Munro’s dire warning   
    My thoughts. 
    1. Munro is approaching crazy old man territory when it comes to Tesla. I didn't watch this video but I did watch one where he went off on NHSTA for dating to look into the safety (or lack there of) of autopilot and FSD. He is blinded by the gee whizz factor and seems to have lost his sound engineering judgement and ethics which would dictate that you don't release beta software into the public which when it fails can cause death.
    2. Tesla's Z score is entirely driven by their insane market capitalization driven entirely by zealots without regard to actual fundamentals. 
  3. Like
    slemke reacted to Deanh in Bronco and Bronco Sport World Premier July 13th!!   
    finally!

  4. Like
    slemke reacted to akirby in Rivian's IPO is valued at $80Billion   
    I thought the same thing.  
  5. Like
    slemke reacted to rmc523 in F-150 Lightning most desirable BEV Pickup   
    Yup, that's what I'm getting at.
     
    If you asked random person, you may get "OMGGGG Teslaaaaaaaa" as an answer, whereas a truck buyer that wants a true truck would give the answers we saw.
  6. Like
    slemke reacted to akirby in F-150 Lightning most desirable BEV Pickup   
    It sounds right to me.  Pickup buyers are different than other buyers whether it’s a BEV or ICE.  Hummer and cybertruck are toys.  Rivian is in between.  F150 and Silvererra are great pickups with a BEV powertrain so you’re not sacrificing any of the great truck attributes.
     
    I think this is where the legacy automakers have a big advantage over Tesla and the startups when it comes to mass market appeal.
  7. Like
    slemke reacted to mackinaw in Farley: Ford to double EV production capacity in two years   
    We burn wood too.  Probably 75% wood, the rest propane.  Only way to get through a long northern Michigan winter.
  8. Like
    slemke reacted to mackinaw in Electric Vehicle discussion thread - Ford related   
    The Sierra Club, as an organization, was critical of Ford (especially Bill Ford) when the Excursion was first introduced.  But California Sierra Club members were publicly shaming private individuals who purchased an Excursion.  I recall reading about this in Automotive News (I think).
  9. Like
    slemke reacted to ice-capades in Electric Vehicle discussion thread - Ford related   
    But no one had any problem with all the Suburban's on the road!
  10. Like
    slemke reacted to mackinaw in Electric Vehicle discussion thread - Ford related   
    Remember when the Ford Excursion came out back in 1999?  There were articles in Automotive News about customers being shamed by Sierra Club types for buying such a large SUV.
  11. Like
    slemke reacted to jpd80 in Farley: Ford to double EV production capacity in two years   
    The issue is that people think it’s a cash discount when it’s actually a tax credit….big difference
  12. Like
    slemke reacted to iamweasel in Ford wins $8.6 billion federal contract   
    With all due respect you are off-base about this.  Much of the "reporting" that has been done regarding fleet sales paints an inaccurate picture because of:
     
    1)  Variable Marketing Accounting.  Many news "analysts" tend to focus/report on the variable profit of retail vs fleet margins without taking into account variable incentives (rebates/financing) that reduce the profit of retail deals but are not used on fleet deals.  Ford and other OEM's hide the data on variable incentives quite well because they don't want people to know how much they really have to discount things.  
     
    For example, when Ford sells a retail Explorer with 0% financing on the financials it may show a $5,000 profit for that vehicle while a commercial sale may show a $4,000 profit, so retail is better, right?  Nope......
     
    With the commercial sale the profit is $4,000 and nothing is deducted from that.  With the retail sale the profit is actually $2,000 because Ford Motor has to pay Ford Credit subvention money to "buy down" the interest rate.  Ford Credit is not in the business of loaning money for free.....Ford is really who pays for it.  That money is a "below the line" adjustment so it doesn't dilute the variable profit numbers shown for the Explorer.  (Again, Ford doesn't want people to know how much they really have to discount some things.)
     
    2)  Fleet sales as a whole are broken down into 3 sections:  Rental, Commercial and Government.  When I was working in the fleet division at Ford our Commercial and Government net profit per units were actually higher than retail in many cases.  Problem was, the daily rental sales, which at the time were a lot more than what Ford is doing today, pulled down the average so much that overall it showed "fleet" being less profitable than retail.
     
    The bottom line is, Commercial and Government sales were both very profitable for Ford, and that is something they do very well compared to most other OEM's.
  13. Haha
    slemke reacted to rmc523 in EV NEWS: Grand opening of GM's Factory Zero, November 17, 2021   
    Fixed it for you.
  14. Like
    slemke reacted to akirby in EV NEWS: Grand opening of GM's Factory Zero, November 17, 2021   
    Zero crashes, zero emissions and zero congestion is 100% bullshit.
  15. Like
    slemke reacted to Gurgeh in Lucid Air BEV to challenge Tesla Model S   
    ...and sedans too. Jaguar is increasingly selling crossovers and Land Rover has always been exclusively in the SUV/crossover space.
     
    I assume that like Tesla, Lucid plans to broaden its product mix, but that is likely to take a few years.
  16. Like
    slemke reacted to silvrsvt in Lucid Air BEV to challenge Tesla Model S   
    Still trying to figure out who can afford 400K 80k plus cars 
     
    Mercedes is the biggest luxury car maker in the world, and they sell abou 2.5 million units a year-and they sell commercial products that aren't considered luxury vehicles. It takes the combination of Jaguar and Range Rover to sell just over 400K
  17. Like
    slemke reacted to Gurgeh in Microchip Shortage   
    ...and it's not just Ford. Every automaker out there is struggling with this common issue. Currently, Ford is doing as well or better than most in coping, after initially getting hammered from the fire that took out that Japanese chip plant that it depended on for a bunch of its supply.
  18. Like
    slemke reacted to Ford Username in Rivian's IPO is valued at $80Billion   
    What one should be looking at is the price earning ratio. Market cap is a consideration but it doesnt tell the whole story. The market is expensive and the bull market can run too much higher. Musk is basically pumping and manipulating the market so he can sell his stock for cash. Watch Tesla's price fall the day after he sells. 
  19. Like
    slemke reacted to akirby in Electric Vehicle discussion thread - Ford related   
    How about posting revenue and profit projections instead of more market cap babbling.
  20. Like
    slemke reacted to akirby in Electric Vehicle discussion thread - Ford related   
    That’s somewhat short sighted and not necessarily a good business decision.   The profits to invest in EVs are coming from ICE vehicles for the next several years.  You don’t walk away from sure profits for future promises, but you do need to be prepared for the future shift.  That’s why they cancelled cars so they could focus on both the money makers now and invest in future BEVs at the same time.
     
    I do think anything new has to at least be a hybrid. I think what Ford is doing with F150 is smart.  Offer ICE, HEV and BEV versions and let the market dictate the mix.  That maximizes profit and allows them to take advantage of wherever the market goes.  I think you’ll see the same with explorer and escape and eventually Ranger, Bronco and Maverick.
     
    This is a phased transition not a flash cut regardless of what the politicians say.
  21. Like
    slemke reacted to akirby in Electric Vehicle discussion thread - Ford related   
    Absolutely sublime…….
  22. Like
    slemke got a reaction from akirby in Rivian's IPO is valued at $80Billion   
    Or 4x.  Nobody really knows.
  23. Like
    slemke got a reaction from Gurgeh in Rivian's IPO is valued at $80Billion   
    Ford’s investment in Rivian (4th largest shareholder) is now worth $14.3B.  Meanwhile Ford was down today.  Rivian, Lucid, and Tesla are momentum stocks.   They aren’t trading on fundamentals, just that people think the stock will keep going up so they continue to invest.  No idea when or if the bubble will pop.
  24. Like
    slemke got a reaction from akirby in Rivian's IPO is valued at $80Billion   
    Or 4x.  Nobody really knows.
  25. Like
    slemke reacted to akirby in Rivian's IPO is valued at $80Billion   
    And in 6 or 12 months it could be worth half as much or zero.  
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