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Growing Electric, Hybrid, Truck Sales Back Q3 Gains; Ford No. 1 Brand


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32 minutes ago, Rick73 said:


Then why does Tesla Model Y by itself outsell 3 different Ford EVs combined? There’s more to it IMO than offering more choices.
 

To be clear, I wasn’t making a point on GM versus Ford other than Ford is succeeding at backing off EV sales, as others previously wished for.  Reducing sales is pretty easy to do if that’s the goal — just increase prices. 😀

 

It was out first, and has the "Tesla" aura that no other manufacturer has been able to replicate.

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1 hour ago, silvrsvt said:

Why does the F Series outsell it then?

 

Model Y is the best selling vehicle in 10 states, and outsells F-Series (all versions, not just Lightning) in several more including Illinois, Hawaii, and Massachusetts

 

State by state list: Best-Selling Cars, Trucks, and SUVs in Each State (caranddriver.com)

 

45 minutes ago, silvrsvt said:

 

I think Rivian is starting to get that from more liberal leaning people who don't like Musk. 

 

Yea, that may be the case

image.png.a5d727820ae488705db4a820ce2f3e1d.png

 

 

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  • 3 weeks later...
On 10/3/2024 at 9:32 AM, akirby said:


I see you haven’t been paying attention because that’s exactly what they’re doing.

I have been paying attention, but they aren't cutting back enough!  If they had asked me whether they should have gone into EV's as much as they did, I would have said no, and I would have saved them $20 billion!  If I told you the 10 predictions I've made in the last 40 years that have come true, you wouldn't believe it. Yeah I know, I should have been a consultant!  Any job openings at Ford?

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On 10/9/2024 at 2:38 AM, silvrsvt said:

 

I think Rivian is starting to get that from more liberal leaning people who don't like Musk. 

Possibly so, hard to know how much politics influences Tesla buyers, I think they like what they like

and regardless of what Musk might say, those folks seem pretty set in their desire for a Tesla.

 

Good to see Rivian has achieved just over 5,000 sales per month in August and September

which is not great compared to expectations but hey, gotta crawl before you can walk.

sales still seem to be edging higher so maybe a long slog in front of them.

 

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On 10/8/2024 at 10:38 AM, silvrsvt said:

 

I think Rivian is starting to get that from more liberal leaning people who don't like Musk. 

Agreed. Musk used to be an asset to Tesla, as time has gone on, he's becoming more and more of a liability. There are two things you never, ever discuss in a professional setting, especially if you're the face of a brand, your political, and religious beliefs. Musk has done both, very foolish decision imo because no matter what your beliefs are, they're gonna piss off a massive portion of potential consumers. 

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23 minutes ago, jpd80 said:

Possibly so, hard to know how much politics influences Tesla buyers, I think they like what they like

and regardless of what Musk might say, those folks seem pretty set in their desire for a Tesla.

 

Good to see Rivian has achieved just over 5,000 sales per month in August and September

which is not great compared to expectations but hey, gotta crawl before you can walk.

sales still seem to be edging higher so maybe a long slog in front of them.

 

I'm strongly considering investing in Rivian. There are those companies where you look at them, and you think "Man I wished I had invested in that brand back when their stock was so and so". At around $10 a share, Rivian is a risk, but I view them as less risky than basically any other automotive startup. 

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44 minutes ago, DeluxeStang said:

I'm strongly considering investing in Rivian. There are those companies where you look at them, and you think "Man I wished I had invested in that brand back when their stock was so and so". At around $10 a share, Rivian is a risk, but I view them as less risky than basically any other automotive startup. 


I invested some into them (and Lucid) hoping they’d become the next Tesla stock wise, but that hasn’t worked so far….

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4 hours ago, DeluxeStang said:

Agreed. Musk used to be an asset to Tesla, as time has gone on, he's becoming more and more of a liability. There are two things you never, ever discuss in a professional setting, especially if you're the face of a brand, your political, and religious beliefs. Musk has done both, very foolish decision imo because no matter what your beliefs are, they're gonna piss off a massive portion of potential consumers. 


At least Musk is an individual versus the company.  Many companies haven’t got the message they need to stay at a politics and it has cost them. 

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1 hour ago, tbone said:


At least Musk is an individual versus the company.  Many companies haven’t got the message they need to stay at a politics and it has cost them. 

But he's the face of the company. People associate Elon more with Tesla than they do the Tesla logo with Tesla. He is Tesla as Steve Jobs was Apple. 

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5 hours ago, rmc523 said:


I invested some into them (and Lucid) hoping they’d become the next Tesla stock wise, but that hasn’t worked so far….

Rivian's stock took some major hits early on. But they're selling tens of thousands of cars a year now, have lucrative contracts with Amazon, and have garnered a significant fan following, and are now a brand that's started to enter broad consumer awareness. They're also reducing costs and moving towards more affordable EVs. I see real potential with them in the next 5-7 years. 

 

Will they reach a valuation anywhere close to Tesla's? I highly doubt it. But I see a lot of upside potential to the stock. 

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7 hours ago, DeluxeStang said:

But he's the face of the company. People associate Elon more with Tesla than they do the Tesla logo with Tesla. He is Tesla as Steve Jobs was Apple. 


Well, if it is true that perceived negative headlines disappear from the consciousness of the public within a couple days, should that not be the case here? Ultimately people will do what they want with their money, and if that means not buying something because of someone’s politics, so be it. Since Musk has gotten more vocal in politics recently, it is interesting that Tesla stock has risen.  What is that attributed to, aside from the obvious sales/monetary numbers?  Could it be that people like what he’s saying and are trying to support him by buying a product he is associated with, or is the uptick just coincidence. I don’t know, it’s hard to say.

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9 hours ago, tbone said:


At least Musk is an individual versus the company.  Many companies haven’t got the message they need to stay at a politics and it has cost them. 


Maybe he decided there were more sales to be had on the right than he would lose on the left.  Who knows, he’s definitely eccentric and unpredictable. 😀

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1 hour ago, Rick73 said:


Maybe he decided there were more sales to be had on the right than he would lose on the left.  Who knows, he’s definitely eccentric and unpredictable. 😀


Perhaps. Eccentricity is pretty common in people with brilliant minds, so not terribly surprising.  

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12 hours ago, DeluxeStang said:

Rivian's stock took some major hits early on. But they're selling tens of thousands of cars a year now, have lucrative contracts with Amazon, and have garnered a significant fan following, and are now a brand that's started to enter broad consumer awareness. They're also reducing costs and moving towards more affordable EVs. I see real potential with them in the next 5-7 years. 

 

Will they reach a valuation anywhere close to Tesla's? I highly doubt it. But I see a lot of upside potential to the stock. 


Right, and I bought early on haha.

im sure it’ll creep back up.  But I’ll hold onto it and we’ll see lol

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53 minutes ago, rmc523 said:


Right, and I bought early on haha.

im sure it’ll creep back up.  But I’ll hold onto it and we’ll see lol

I hope it goes up for both of our sakes lol. I almost investing in Fisker, but held off thankfully. 

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On 10/25/2024 at 8:41 PM, DeluxeStang said:

I'm strongly considering investing in Rivian. There are those companies where you look at them, and you think "Man I wished I had invested in that brand back when their stock was so and so". At around $10 a share, Rivian is a risk, but I view them as less risky than basically any other automotive startup. 



I bought at IPO, which was a dumb move looking back, but I figured with Ford backing them and Amazon backing them they were unstoppable. We see what happened with the Ford deal. I've bought a lot more recently and have a much better average cost, there's some things on production and engineering they need to figure out to lower production cost, but they have some really solid product so far. Still consider them a risk, but we'll see what happens as their new models come out.. I personally think they're the only start up that's going to survive out of the ev companies, but time will tell.

Edit to add: They'll never reach TSLA levels of valuation because they just build cars. Tesla is FAR more than just a car company, even if most don't want to admit that.

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22 hours ago, Captainp4 said:



I bought at IPO, which was a dumb move looking back, but I figured with Ford backing them and Amazon backing them they were unstoppable. We see what happened with the Ford deal. I've bought a lot more recently and have a much better average cost, there's some things on production and engineering they need to figure out to lower production cost, but they have some really solid product so far. Still consider them a risk, but we'll see what happens as their new models come out.. I personally think they're the only start up that's going to survive out of the ev companies, but time will tell.

Edit to add: They'll never reach TSLA levels of valuation because they just build cars. Tesla is FAR more than just a car company, even if most don't want to admit that.

 

Yeah, I bought like a week after the IPO.....so I'm in the hole a fair amount lol.  Thankfully I only bought I think 10 shares, IIRC, but still at the valuation then vs. now........

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Our company had an IPO for a spinoff business back in the 90s.  I think our cost was $15/share.  People literally took out second mortgages to buy in big.  It jumped to 18 for a few days then promptly dropped to 10 or 12 and stayed there.  Idiots.

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8 hours ago, rmc523 said:

 

Yeah, I bought like a week after the IPO.....so I'm in the hole a fair amount lol.  Thankfully I only bought I think 10 shares, IIRC, but still at the valuation then vs. now........

I only bought 5 around the IPO, wasn't making much money back then. Have 160 at ~11.90 average cost now so I'm not too far in the hole anymore, might make a few bucks some day lol

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On 10/8/2024 at 1:34 PM, morgan20 said:

 

Model Y is the best selling vehicle in 10 states, and outsells F-Series (all versions, not just Lightning) in several more including Illinois, Hawaii, and Massachusetts

 

State by state list: Best-Selling Cars, Trucks, and SUVs in Each State (caranddriver.com)

 

 

Yea, that may be the case

image.png.a5d727820ae488705db4a820ce2f3e1d.png

 

 

 

What is the point of that second chart.....why even bother having a separate "top 4 including Rivian" when the lists are exactly the same......

 

 

 

15 hours ago, Captainp4 said:

I only bought 5 around the IPO, wasn't making much money back then. Have 160 at ~11.90 average cost now so I'm not too far in the hole anymore, might make a few bucks some day lol

 

I have a fair amount of Ford stock too, but thankfully they reinstated the dividend.

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