6,294
edits
Volkswagen:Quarterly Results/2023 Q2: Difference between revisions
Volkswagen:Quarterly Results/2023 Q2 (view source)
Revision as of 07:53, 20 July 2023
, 20 July 2023→Competitor expectations and results
No edit summary |
|||
| Line 12: | Line 12: | ||
Its VP of Supply Chain, Karn Budhiraj said that they have seen price reduction in some of the raw materials that they use in production. "But we have seen reduction in pricing across the board for all commodities that specifically go into batteries such as nickel, cobalt and graphite. And the reductions in pricing translate into thousands of dollars when you look at it from a per-vehicle impact," he said<ref name=":1" />. | Its VP of Supply Chain, Karn Budhiraj said that they have seen price reduction in some of the raw materials that they use in production. "But we have seen reduction in pricing across the board for all commodities that specifically go into batteries such as nickel, cobalt and graphite. And the reductions in pricing translate into thousands of dollars when you look at it from a per-vehicle impact," he said<ref name=":1" />. | ||
Elon Musk said that they are willing to sacrifice margins in favor of volume since the cars that they sell will be worth almost 5 times in future what is today since they have full autonomy capability. " I think it -- it does make sense to sacrifice margins in favor of making more vehicles because we think in the not too distant future, they will have a dramatic valuation increase. I think the Tesla fleet value increase at the point which we can upload full self-driving and is approved by regulators will be the single biggest step change in asset value maybe in history." he said<ref name=":1" />. | Elon Musk said that they are willing to sacrifice margins in favor of volume since the cars that they sell will be worth almost 5 times in future what is today- since they have full autonomy capability. " I think it -- it does make sense to sacrifice margins in favor of making more vehicles because we think in the not too distant future, they will have a dramatic valuation increase. I think the Tesla fleet value increase at the point which we can upload full self-driving and is approved by regulators will be the single biggest step change in asset value maybe in history." he said<ref name=":1" />. | ||
==== Summary of results ==== | ==== Summary of results ==== | ||