Tesla Q3 2024 reported FCF $2.7B Well ahead other EV makers like Nio and Xpeng

$Tesla (TSLA.US)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ $BYD COMPANY (01211.HK)$ According to AJ from X.com, Tesla is the cash flow king in the EV space. The other EV makers didn't come even remotely close. The updated Tesla Q3 2024 free cash flow (FCF) is $2.7B. See chart for cumulative figure.

My Take:

Someone likes to use the other EV maker's (e.g. Nio and Xpeng) number start-up years of FCF to compare with Tesla and proclaim that they are "performing better". This type of comparison is misleading because the EV demand (and market competitiveness) is very different 5-10 years ago. A good example will be like Fisker which is bankrupt now. Hence EV makers which have a negative FCF today and are making cars at a loss are NOT performing well and may go bankrupt if they don't manage the cost properly.

Tesla Q3 2024 reported FCF $2.7B Well ahead other EV makers like Nio and Xpeng

Source:

x.com/alojoh/free cash flow history of EV makers

$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$

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ZnWC

I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.

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