Vertical integration is a big factor. Subcontractors employees should be included for fair comparison.

BMW makes the most cause their line workers apparently don't waste time installing turn signals 🤣

@carholic-sz3qv

2 жыл бұрын

Exactly 😅😅😅😂 it also depends on which products they have/make from bikes to cars

@rkalla

2 жыл бұрын

LOL!!

@syxepop

2 жыл бұрын

Coupled with the MEANESS of their driver roster for "4" and below models... 😲😲😲

@CubbyTech

2 жыл бұрын

Oh the turn signals are installed, just the driver has just failed to refill the blinker fluid :)

If you want to do something really interesting (and scary), try debt as a % of profit to show the number of years of current profit to repay current debt.

@mclason6338

2 жыл бұрын

This seems rather interesting way to go.

Hi John, glad you are doing these shorts... Are we sure that Tesla doesn't count their Shanghai employees? Just curious since they are the only company with a Chinese factory that is not a Joint Venture. Thanks for the great shows for all these years and glad to see your son Sean carrying on the tradition.

nice list!🏆

Loving those stats! Keep them up! Are these number based on reports that Autoline pays for, or just google? Is there anyway for viewers to get access to the raw data?

@johnmcelroy9590

2 жыл бұрын

These numbers are publicly available in the OEM's annual reports and 10-K fillings.

Numbers can be made to reflect practically anything you want, but this was still interesting.

Thanks John! I was one of the viewers who suggested it. Makes you wonder why the stock valuation doesn't more closely align with the profit per employee. Definitely shows the fanboy speculation going on with one company. 😉

@kenneth.topp.

2 жыл бұрын

companies in a growth phase will sacrifice profits to invest in that growth, so this metric really isn't a measure of labor efficiency.

@airheart1

2 жыл бұрын

The sentiment of the uninformed who think Tesla is just a car company... lol.. you people make me laugh. Pay attention to what they're doing and try to keep up.. it moves fast I know, but try.. and just cause you don't understand or follow it.. well you call people names all you want.. just makes you look stupider than you already do with your narrow understanding of things..

@davidgrisco1939

2 жыл бұрын

@@airheart1 ROFL...buyer beware: When you chase returns, you may get burned. In current times, chasing speculative momentum investments is risky. For example, the average NFT selling price is down an astounding 70% since January 2022. Meanwhile, last week, the guy who bought Jack Dorsey's first tweet as an NFT for $2.9 million last year only got offers for up to around $1,000. I'd much rather own companies and property with real assets. But what do I know. My spouse and I retired early. There are others who are living in their parents basement and can't launch. To each their own I suppose. Happy Easter! :)

@chrisweech7382

2 жыл бұрын

Stock price is about future earnings potential. BEVs are the future, so BMW's profit generation primarily from ICE sales last year are irrelevant to their future earnings potential. The entire BMW Group sold 1/9 the number of BEVs that Tesla sold last year. Tesla's annual sales grew 86% while BMW's total vehicle sales grew 8.4% YoY. BEVs make up only 4% of their total vehicle sales. While Tesla will continue to grow their sales, revenues, and profits over the next 5 years, the best that BMW can hope for is that their EV sales growth can compensate for the ICE declines which translates to declining profits from sales while they need to invest billions in EV R&D and Capex.

@chrisweech7382

2 жыл бұрын

@@airheart1 I agree, but even if you ignore the total addressable market that Tesla is going after with their AI development and energy divisions, which together are likely to be worth more that their auto manufacturing business in the future, Tesla's auto business alone will be worth more that BMW's by the end of 2023. While their business will continue to grow as EV market share grows exponentially over the next 5+ years, BMW will be in a fight for survival. I doubt that BMW survives to the end of this decade without a government bailout.

All this makes me think of the decision to stop making small cars, the law of supply and demand, and the price of cars today.. For a very long time, it was unthinkable to shrink capacity in any way. Then the 2008 crisis happened and a lot of unthinkable decisions were made. Even if the OEMs had that "capacity" today, they wouldn't be able to use it due to supply constraints. I don't really have a conclusion, but may be something worth a mini-episode about.

You could do all the ranking functions you’ve done, but use the first derivative of the numerator. eg: growth in units per employee

very cool

The answer to this question will most definitely be Aptera.

It's going to be interesting to see how these profits change when their "workforce" becomes nearly all robots. It will be 24/7 everyday with no holidays to worry about.

All of these stats assembled by Autoline are interesting but profit-per-employee and cars-per-employee are not the right measure for Automaker productivitity and efficiency. The auto industry of the 21st century is undergoing a new revolution in productive technique: i) automation in factories continues to grow in extent and adopt new configurations further optimising machine production, ii) the practice of hiring contract labour in joint production facilities veils the true scale of the workforce working for/at the disposal of the joint venture partners and makes a sound profit-per-employee calculation more challenging and iii) the rapid evolution of industrial, raw materials and energy supply chains and ecosystems has reshaped the very composition of the costs of production in the EV world. So, the costs of production of motor vehicles today and particularly of EVs are quickly moving away from any kind of rigid alignment with labour costs. All of this is a matter of degree, of course. At least since the early years of the 20th century the costs of production in high volume manufacturing had taken on an organic technological/industrial dynamic and it would be even more fanciful today to try to reduce the costs of production to labour costs. The most productive and efficient manufacturers will do well on these four measures: 1) they will be able to turn out a car (of similar type and equivalent quality) in less time than their competitors, 2) they will be able to turn out a car (of similar type and equivalent quality) at a lower cost than their competitors, 3) they will make a larger margin (for a car of similar type and equivalent quality) than their competitors and 4) they will sell more cars than their competitors in the markets that they are active in (whether for a particular vehicle type and quality or across multiple vehicle types and quality levels). Also, the scale and intensity of investment by an Automaker whether in the form of CAPEX or vehicle and technology R&D remains a critical factor for the future growth prospects or, contrariwise, prospects of decline of that Automaker. The 'X per-employee' yardstick, isn't really a critical measure in the context of modern vehicle production. On the contrary, at any particular time, the employees-per-100k vehicles, say, can be viewed as an optimisable feature of the production process because turning out vehicles (built to a high quality standard) at a very high/optimal sustained rate (see pont 1) and at the best cost price (see point 2) is an essential part of sound production design in a leading edge factory and thus a careful estimate of the number and kind of employees-per-100k vehicles will inform the hiring and training of employees - I am not suggesting that there won't be tradeoffs but the smartest manufacturers will look at and weigh up the tradeoffs to achieve the intended intensity of production on the factory floor in a smooth, unflustered and uninterrupted fashion. (Note: The 'right' number of employees-per-100k vehicles is definitely not a once and forever thing. That number will change over time lead by evolutionary (or revolutionary) developments in the production process itself.)

Debt per vehicle please.

John, is this automotive revenue or total revenue? Tesla's business is not just cars, it is solar roofs, home and grid scale storage, and superchargers. Tesla says the energy business is at least as big as the automotive.

profit per vehicle over the average selling price ratio. A $100 profit over a $100 dollar phone is better than a $100 profit over a $1000 one.

@chrisweech7382

2 жыл бұрын

That's called a gross profit margin. In that regard I believe that Ferrari is No. 1 and Tesla is No. 2.

John which company’s have solar, charging, energy storage, roofing, artificial intelligence

@lukerinderknecht2982

2 жыл бұрын

Pretty sure all of them have roofs, otherwise the assembly line would get wet every time it rains

Another useless metric would be profit per tonne of steel used.

For Tesla, it looks like you took their 2021 full-year net revenue ($5.5B) and divided by the number of employees at the end of 2021 (99.3k). This is a case of dividing apples by oranges. Tesla grew their employee head count by 40% over the year, and grew their annual profit for 2021 by 7.6x compared to 2020. If you annualize their 21Q4 net revenue of $2.32B and divide by their end of year employee head count, you would get $93,500 per employee. That is a more accurate picture of where Tesla was at the end of 2021.

How about how many cars each brand needs to sell to pay their CEO's salary?

@carholic-sz3qv

2 жыл бұрын

Lol…… how about how many other businesses those car companies have!!!

Seems BMW maximizes profit by putting almost zero into R&D that matters. Where is their EV. Same place as their 2028 profit - nowhere to be found.

@donswier

2 жыл бұрын

Hmmm. Been driving mine 2,000 miles per month for the past 20 months with zero problems. i3, i8, iX, Cooper SE, ActiveE, and scores of plug-in hybrid "e" models, as well for the past several years. New iX is spendy but well-engineered.

@carholic-sz3qv

2 жыл бұрын

You realise that BMW also makes bikes right!! Also owns brands like rolls Royce….

@benjaminsmith2287

2 жыл бұрын

iX is their EV. It's arguably the most refined EV on the market.

@gmv0553

2 жыл бұрын

Where have you been? There have been several Tesla owning journalists picking the BMW ev as the best ev offered today!

Tesla? It's had precisely ONE profitable quarter since it was started until right now. Reminds me what a joke you and this channel are...