Reagan Posted October 4, 2021 Report Posted October 4, 2021 This is a tweet from investor Cathie Wood: " Today, $TSLA (Tesla) announced that in the third quarter it sold 241,300 vehicles globally, up 73% year over year(YOY) and 20% quarter over quarter (QQQ). Meanwhile, $GM (General Motors), blamed the -33% YoY decline in its US sales on chip shortages. What? #EVs (Electric Vehicles) require 3-5x more chips per car produced!" Thoughts?! Quote
SmashMouth Posted October 4, 2021 Report Posted October 4, 2021 14 minutes ago, Reagan said: This is a tweet from investor Cathie Wood: " Today, $TSLA (Tesla) announced that in the third quarter it sold 241,300 vehicles globally, up 73% year over year(YOY) and 20% quarter over quarter (QQQ). Meanwhile, $GM (General Motors), blamed the -33% YoY decline in its US sales on chip shortages. What? #EVs (Electric Vehicles) require 3-5x more chips per car produced!" Thoughts?! That’s pretty damned odd… Unless Tesla had a good back stock of chips already. Quote
CardinalBacker Posted October 4, 2021 Report Posted October 4, 2021 12 minutes ago, Reagan said: This is a tweet from investor Cathie Wood: " Today, $TSLA (Tesla) announced that in the third quarter it sold 241,300 vehicles globally, up 73% year over year(YOY) and 20% quarter over quarter (QQQ). Meanwhile, $GM (General Motors), blamed the -33% YoY decline in its US sales on chip shortages. What? #EVs (Electric Vehicles) require 3-5x more chips per car produced!" Thoughts?! I read an interesting article on the subject yesterday. They explained that the chips that traditional car makers use are older technology... and that chip manufacturers aren't willing to invest in manufacturing, older, slower, larger chips for automakers when most new technology is relying on new technology. Part of the problem was blamed on longevity. The average smart phone is replaced after 3 or 4 years, max.... because technology is evolving that quickly. People are driving their cars for 10+ years in most cases, so the technology becomes obsolete before the car has run through its expected life cycle... and automakers aren't worried about cutting edge technology that will be obsolete long before the product is worn out. It was pretty in depth, and I'm guessing that the Tesla products are more technologically advanced and using newer designed chips/processors. Quote
BS Wildcats Posted October 4, 2021 Report Posted October 4, 2021 31 minutes ago, CardinalBacker said: I read an interesting article on the subject yesterday. They explained that the chips that traditional car makers use are older technology... and that chip manufacturers aren't willing to invest in manufacturing, older, slower, larger chips for automakers when most new technology is relying on new technology. Part of the problem was blamed on longevity. The average smart phone is replaced after 3 or 4 years, max.... because technology is evolving that quickly. People are driving their cars for 10+ years in most cases, so the technology becomes obsolete before the car has run through its expected life cycle... and automakers aren't worried about cutting edge technology that will be obsolete long before the product is worn out. It was pretty in depth, and I'm guessing that the Tesla products are more technologically advanced and using newer designed chips/processors. I have a brilliant idea!! Go back to making cars that didn’t need a damn chip. Chester86, 5GallonBucket, Hagar and 1 other 2 2 Quote
Hagar Posted October 5, 2021 Report Posted October 5, 2021 I smell Environmentalist Leftist involved. These loons could care less how it affects Americans or America. Quote
tvc184 Posted October 5, 2021 Report Posted October 5, 2021 6 hours ago, SmashMouth said: That’s pretty damned odd… Unless Tesla had a good back stock of chips already. Thoughts: I don’t know the answer but….. That little snippet in the OP is almost meaningless. Maybe the article went out to explain it better but that first part is nonsense. it says that Tesla produced around 240,000 which was a 73% increase. Wow, shocking. GM WAS DOWN 33%!! According to that post, the 240,000 was a 73% increase. That means the previous year they produced about 140,000. Meanwhile in general motors in 2020 produced 6,800,000 vehicles. They are down 33% this year because of chips (claimed) which means they sold about 4,500,000. That means Tesla had enough chips to make 240,000 vehicles and GM had enough chips to make 4.5 million or 18 times as many. I was thinking investor was better at math. Quote
SmashMouth Posted October 5, 2021 Report Posted October 5, 2021 17 hours ago, BS Wildcats said: I have a brilliant idea!! Go back to making cars that didn’t need a damn chip. I have an even better idea. Put people back to work and build chips here instead of importing from Communist China. Don’t throw away an opportunity. Make an opportunity. Reagan, BS Wildcats and Chester86 3 Quote
Reagan Posted October 5, 2021 Author Report Posted October 5, 2021 13 hours ago, Hagar said: I smell Environmentalist Leftist involved. These loons could care less how it affects Americans or America. Good thought! I didn't think of this possibility. Originally there was a fire at a chip factory in Japan. Could it have been eco-terrorist? Hummmm!! Quote
Reagan Posted October 5, 2021 Author Report Posted October 5, 2021 19 hours ago, Hagar said: I smell Environmentalist Leftist involved. These loons could care less how it affects Americans or America. Come to think of it, there is also not any lawn mowers to be had, except for zero turn. I ask the guy at Lowe's what's the deal and he said they can't get any. Also none at Fred Millers and none at Home Depot. Wonder if there's a correlational between the cars and lawn mowers, environmentally speaking? Quote
baddog Posted October 5, 2021 Report Posted October 5, 2021 This is all a part of the grand scheme. Call me crazy, a conspiracy theorist, whatever one can come up with. All of this is connected with the government paying people handsomely to stay home due to Covid. Look at the resistance worldwide. The world order is happening. Wait till China pulls the plug on rare earth materials, which they own that market, no one will be able to get a cell phone. Talk about panic. Quote
SmashMouth Posted October 5, 2021 Report Posted October 5, 2021 2 hours ago, baddog said: no one will be able to get a cell phone Bliss… baddog 1 Quote
LumRaiderFan Posted October 7, 2021 Report Posted October 7, 2021 1 hour ago, EAGLEFOREVER said: What's a cell phone? I think it’s a newfangled plastic wrap. Quote
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