Tuesday , November 5 2024
Home / The Angry Bear / Is this true?

Is this true?

Summary:
Whenever Elon Musk says a thing, I reflexively mistrust it. So when I saw a video clip of Musk making this assertion, I wanted to think I learned something about the auto industry, but then I considered the source:“Large incumbent carmakers sell their cars at low to zero true margin. Most of their profit is selling replacement parts to their fleet, of which 70% to 80% are past warranty. Like razors & blades.”What say you, Bears? Is he correct? Tags: Incumbent carmakers, profit margins on new cars

Topics:
Joel Eissenberg considers the following as important: , , ,

This could be interesting, too:

NewDealdemocrat writes Real GDP for Q3 nicely positive, but long leading components mediocre to negative for the second quarter in a row

Joel Eissenberg writes Healthcare and the 2024 presidential election

NewDealdemocrat writes JOLTS report for September shows continued deceleration in almost all metrics, now close to a cause for concern

NewDealdemocrat writes Repeat home sales accelerate slightly monthly, but continue to show YoY deceleration

Whenever Elon Musk says a thing, I reflexively mistrust it. So when I saw a video clip of Musk making this assertion, I wanted to think I learned something about the auto industry, but then I considered the source:

“Large incumbent carmakers sell their cars at low to zero true margin. Most of their profit is selling replacement parts to their fleet, of which 70% to 80% are past warranty. Like razors & blades.”

What say you, Bears? Is he correct?

Leave a Reply

Your email address will not be published. Required fields are marked *