I dedicate this tweet to the Tesla haters who-- when confronted with the fact that U.S. legacy sales are in steady decline-- reply, "Sure, but you just don't get it, dummy: *their strategy* is to sell less vehicles!"
$GM $TSLA
investor.gm.com/static-files/c…
$GM $TSLA
investor.gm.com/static-files/c…
GM total revenue and EV market share have both fallen to their lowest level in 5 years:
And Cruise is losing more money than ever and borrowing billions from GM Financial to purchase autonomous vehicles GM manufactures. 👀
And GM's automotive free cash flow is negative again this year, so... 😬
Q3 2021 Earnings Comparison
$TSLA
$1.618B GAAP Earnings
241K deliveries
$ 6,703 GAAP Earnings per Delivery
$GM
$2.420B GAAP Earnings
1,311K deliveries (retail, excl. Joint Ventures)
$ 1,846 GAAP Earnings per Delivery
$TSLA
$1.618B GAAP Earnings
241K deliveries
$ 6,703 GAAP Earnings per Delivery
$GM
$2.420B GAAP Earnings
1,311K deliveries (retail, excl. Joint Ventures)
$ 1,846 GAAP Earnings per Delivery
I would edit the tweet above from “excl” to “incl”, if @Jack gave us an Edit button.
The units sold above *do* include Wuling Mini microcar sales in China.
If I exclude Wuling sales, it’s:
1,311K - 349K = 962K excl. Wuling
$2,420M / 962K = $2,516 per non-Wuling vehicle sold
The units sold above *do* include Wuling Mini microcar sales in China.
If I exclude Wuling sales, it’s:
1,311K - 349K = 962K excl. Wuling
$2,420M / 962K = $2,516 per non-Wuling vehicle sold
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