I think it's the news that the attempted market manipulation to cause a "short burn of the century" failed
So players are taking exits.
"7000 cars, 7 days" -> Done.
'Who likes short shorts?" -> Done.
Pick-up truck pump -> Done.
"They have about three weeks before their short position explodes" -> Done.
Another repeated lie or deceitful tweet just noticed on Elon's twitter page:
"
For sure! When doing US govt crash safety testing, the Model S roof was so strong, it broke their testing machine."
-> It was a coincidence; not proven to be causal. Many cars have tested stronger roofs than Model S roof.
Elon should be careful pointing fingers at others when his track record is so sketchy
What about the glass roof that is standard now?
You can't really blame this on stupidity; he has landed rockets!
But here is the thing I can't wrap my head around.
Q1 SH letter headline: "Model 3 production hit 2270/week in April for the 3rd straight week over 2000"
Q2 delivery note:
a) "GA4, our new General Assembly line for Model 3, was responsible for roughly 20% of Model 3s produced last week"
b) Model 3 production (28,578)
1. If Tesla just kept the Model 3 lines running without 10 days shutdown at the 2270/week rate, it could produce more (29510)
2. In the last week, it produced 5000 cars, 20% in GA4. So the rest of the lines produced 4k/week. Tesla could produce same number of cars just running GA2 & GA3 at 4k/week for only 7 weeks.
3. Let's subtract the 5k from last week, and some more for the tent production in the other 1-2 weeks (say 500).
So Tesla produced a mere 2307 cars a week for the other 10 weeks in GA2 and GA3!
That is abysmal, considering they shut down the lines for two different weeks to (supposedly) increase line speed!
With that kind of improvement, why bother with shutting the lines at all? It could produce all those without skipping the brake and roll test.
This calculation really shows that there wasn't any point of the tent at all. If Tesla can just run the GA 2&3 at 4k/week for 12-13 weeks, it can produce 40k-44k Model 3 in Q3. How many think that is going to happen? I guess I should start a poll