JPR007 Profile picture
17 Mar, 11 tweets, 3 min read
AUTOMAKERS COST AND PROFIT STRUCTURES

1. Gross Margins
2. R&D Expenses
3. R&D as a percent of Automotive Revenues
4. Overhead Expenses
5. Overhead as a percent of Automotive Revenues
6. Automotive Operating Profit
7. Automotive Profit Margin
8. Reported Net Income

- for the company as a whole
9. Comprehensive Income

- including stuff that was left out of the Income Statement
10. Change in Shareholders Equity

- showing the final effect on the Balance Sheet
11. Full Enterprise Value

- showing who the assets of the company really belong to

- Equity is at Market Value

- everything else is at Book Value

• • •

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More from @jpr007

18 Mar
On 17 February 2021 Tesla cut prices for Model 3 in Japan, preceding the start of the export of the model from Giga Shanghai

The starting price of Model 3 Standard Range Plus has been reduced by $7,800 to $40,500 ¥4.29 million from $48,300 ¥5.11 million
tesmanian.com/blogs/tesmania…
Model 3 Long Range dropped by $14,700 to $47,200 ¥4.99 million

Model 3 Performance price remained at $67,800 ¥7.17 million

The almost 25% price decrease of Model 3 by is a consequence of Giga Shanghai beginning production of right-hand drive vehicles for markets including Japan
Just two weeks after the price drop it seems like a lot of Japanese have turned their eyes to Tesla's electric vehicles

The delivery time for cars has doubled :

- from 6-8 weeks before the price reduction

- to 12-16 weeks now
Read 4 tweets
18 Mar
EU PLANS TOUGHER ENVIRONMENTAL REGULATIONS FOR PLUG-IN HYBRIDS

Car companies are using plug-in hybrids to improve their carbon footprint

Studies show, however, that more cars are driven with internal combustion engines than assumed
tagesspiegel.de/wirtschaft/nic…
By the end of February, the manufacturers had to report the CO2 values of their new car fleets in 2020 to the EU Commission

It will probably be autumn before the EU authority has checked the data and published the values
However, it seems that the industry will get off lightly once again

This time only Volkswagen and Jaguar Land Rover are likely to fail the hurdle, which is an average of 95 grams of emissions per kilometre driven
Read 21 tweets
18 Mar
VOLKSWAGEN FOLLOWS TESLA'S PLAYBOOK

"It’s a mirror image to what Tesla has done, and it’s working"

“It’s a carbon copy strategy, and the whole reason is to try and get investors to pay for the electric transition"

- Matthias Schmidt
politico.eu/article/volksw…
VW's share price is up more than +17% over the last week and nearing heights that were only last seen before the 2015 Dieselgate emissions scandal
"Our goal is to secure a pole position,” VW’s CEO Herbert Diess said of his electromobility plan during Monday's Power Day — an event marketed and produced to ape a Tesla or Apple product launch
Read 36 tweets
17 Mar
AUTOMAKERS OPERATING CASH FLOW AND CASH BALANCES

1. Operating Cash Flow
2. Cash Balances
3. Net Cash
Read 7 tweets
17 Mar
VOLKSWAGEN - THE INCONVENIENT TRUTH

Volkswagen is not as big as they would like you to think

In 2020 VW Passenger Cars only sold 2,835,000 vehicles, down -22.9% from 2019
The VW brand also lost money for the year
Worldwide production of the new ID.3 has only totaled 64,309 units

ID.3 sales have not been reported here, but we can note that 55.8% of those sales were in Asia-Pacific, presumably mostly in China

ID.3 sales in Europe cannot have been more than :

64,309 x 28.1% = 18,070 units
Read 8 tweets
17 Mar
BMW GROUP COMMITMENT 20210317

- "electric, digital and circular"

- BMW i4 to be launched three months ahead of schedule

- BMW Operating System 8 installed for first time in new
BMW iX*

- world's largest fleet for over-the-air upgrades by end of 2021

1/4
- Breadth over niche: around 90 percent of market segments to have fully electric models by 2023

- Deliveries of fully electric models to grow by well over 50 percent annually on average by 2025

- ‘Neue Klasse’ to spearhead product range from 2025

2/4
- Fully electric models to account for at least 50 percent of global deliveries by 2030

- MINI to become a fully electric brand by the early 2030s

- Circular economy as goal for future product generations

- Outlook: Significant increase in Group profit before tax

3/4
Read 4 tweets

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