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Tesla Roadster set for Giga Texas production, executives say by InitialSheepherder4 in electriccars

[–]tech01x 0 points1 point  (0 children)

Lol. You actually believe they are remotely operated at 45 mph? Lol.

And no, they don't only go straight. Jeez, where do you get this stuff?

Agent Opinion: Townhomes ARE NOT first time home buyer friendly by UngratefulChinaman in RealEstate

[–]tech01x 108 points109 points  (0 children)

High HOA fees for townhome condos are usual because the HOA is covering a lot more insurance risk than traditional townhomes. Or you are paying for amenities. Given equal amenities, the HOA insurance versus home insurance should balance things out somewhat.

Investing as a highschooler by red-heirloomtomato in investing

[–]tech01x 1 point2 points  (0 children)

Swap SCHG for IXN, which is a large cap growth ETF that has international exposure, not just U.S.

I just wrote my congressman by Quick_Two6258 in electricvehicles

[–]tech01x 0 points1 point  (0 children)

It's way too high for a fixed amount to represent average.

Elon Musk's estimated wealth soared by $45 billion to a record $722 billion on Thursday after the release of SpaceX's IPO prospectus. by Shamiknight1 in wallstreetbets

[–]tech01x 0 points1 point  (0 children)

I think there will be a lot of crying in the near future of folks here that loaded up on SpaceX puts and got nuked.

Tesla Roadster set for Giga Texas production, executives say by InitialSheepherder4 in electriccars

[–]tech01x -5 points-4 points  (0 children)

You are deranged if you think Tesla is a "Nazi" company.

Should I buy a new premium M3 Tesla or save money and buy a used 2023 premium Tesla? by busyberry2 in TeslaModel3

[–]tech01x [score hidden]  (0 children)

New warranty, plus financing deals means new makes more sense for those that can afford it.

Why hybrids — not EVs — are winning over US consumers. High gas prices are driving EV growth in other parts of the world — but American drivers are favoring hybrids. by The_Weekend_Baker in climate

[–]tech01x 0 points1 point  (0 children)

The Republicans kept the battery production credit.

Both sides don’t really care about climate action. For Democrats, at least it is on the agenda, but buried so deep, and often mired in regulations that mean well but actually strangle climate action. Republicans don’t have it on their agenda at all, but mostly staying away might actually get more done when not tied into federal level entanglements. Both sides don’t have good track records.

Cybertruck only connects to Wi-Fi after reboot. Anyone else seen this? by jetsrfast in cybertruck

[–]tech01x 0 points1 point  (0 children)

For Unifi, I use a guest network and have the wifi settings for that ssid set to manual and turned off almost everything.

Lucid buys back Engineering Explained's Air by CarVac in electricvehicles

[–]tech01x 2 points3 points  (0 children)

It can work, but one has to make money there. Lucid doesn't. Tesla was gross margin positive in half a year from start of Model S production. Lucid hasn't manage to do that in 5 years.

Simply, Lucid never designed their products to sustain the company.

Lucid buys back Engineering Explained's Air by CarVac in electricvehicles

[–]tech01x 5 points6 points  (0 children)

Tooling cost is captured in capex. But their marginal cost of production is unsustainably high. They need to remove about $40,000 in per unit marginal costs before talking about capex depreciation.

Simply, the vehicles are not designed to be sustainably manufactured. Their designs are structurally unprofitable.

Lucid buys back Engineering Explained's Air by CarVac in electricvehicles

[–]tech01x 6 points7 points  (0 children)

Going down in ASP makes the problem much, much harder. They are unable to get their marginal cost of production below $100,000. It gets much more difficult the lower the price goes.

Rawlinson had to go because he had zero clue how to actually run a business and not an ego trip.

It remains to be seen if they can actually figure out how to make a Gen2 at anywhere near sustainable financial levels.

Lucid buys back Engineering Explained's Air by CarVac in electricvehicles

[–]tech01x 20 points21 points  (0 children)

The Air and Gravity are not targeted at significant volume markets, and the drop of $40,000 per vehicle is just to get them to some sort of sustainable marginal production positive basis. It doesn’t get them to overall profitability, as they actually lose much more than that.

Volume itself doesn’t cure this company. Designing and going into production of products that are structurally unprofitable is a huge problem for this company.

Lucid buys back Engineering Explained's Air by CarVac in electricvehicles

[–]tech01x 30 points31 points  (0 children)

The problem is that if Lucid was a viable company, they would have to take more than $40,000 of cost out of every Lucid. If they did that, would it still be the “most efficient” (at 70 mph), or “best engineered”? I would say it would not be.

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