Because SEC is not an issue. The market is trying to price in demand for the last a few weeks. The response to FED interest rate is a strong evidence to support that theory: low interest -> more demands for new cars. The 10 point rise to TSLA high demand claim the day before is another evidence.
I suspect that Chanos or others may have a new strategy...turn them from inside.
I was thinking about this today, the SR will give Tesla a bad rap in the Northeast. I lose half of my battery capacity during the winter. That would give SR about 100-120 mile range on cold days.
A communication couch... interesting. So he'd have to go sit on it before tweeting?
Chanos is just another kind of activist hedge fund manager. Kinda like a dark version of Bill Ackman. He successfully cut off the life line for TSLA: right now it is close to impossible for TSLA to raise money with reasonable cost from the open market.
I don’t agree.
they've both become drama magnifiers at times when the FUD waves are cresting. About the only thing Fred's site is good for is a quick scan of the day's headlines but one needs to come here & absorb information with a higher signal to noise ratio to have any chance of understanding the various and sundry things on the stormy Tesla seas these days. very grateful to have this community of smart people sharing their wisdom and insights but just think of the 99% of other retail investors that don't have this resource & it's not hard to understand why the stock's been driven down temporarily. bizarre to think things are at this level compared to a year or 4 ago given the number of cars now being produced, overseas shipment pipeline filling up, revenue being generated, market share taken, China GF growing like a weed, competitors slipping, positive macros, etc. but resolving uncertainties about Q1 deliveries and SEC silliness should firm things up & at some point the worm will turn. Just keep doing what you're doing Tesla--stick to the plan, execute the plan, and replicate the process & products
I live in NJ. On highways, the range normalizes once the car is running for some time and the battery is warmer. On the short stints, like in any ICE cars too, the range is low because the car gets back cold all the time.
Tesla pays down the ABL quite a bit at the start of a new quarter to minimize interest costs. It's just smart cash management. They discussed this in an earnings call, I think Q2. Anyway, they then build inventory the first two months as they focus on overseas production which takes a lot longer to get to customers. They finance much of that inventory with the ABL, but not all so this also drains cash. They deliver the vast majority of their cars in the final month of the quarter, reversing the inventory build and growing their cash balance.
I think we win long term if Musk is forced into strict communication compliance, and gets a communication couch.
He needs to stop BS about how Tesla almost died last time around. I'm afraid what he's gonna say in couple of months about this quarter. And he especially can't do that after Feb CC call, where he said something along 'we're not even thinking about demand'. Inconsistencies like this abound in the past, more prevalently during the MX launch. This pattern seem to be: minimize problems while they're happening as Musk is an optimist and believe he can fix them, and then, blow issues out of proportion once they're fixed, as that presents team in a better light. This perspective could be exactly how musk sees situation at the time, but for outside observers, it seems inconsistent, and these are the roots of TSLAQ accusing him of lying.
We really would be better off if he can stop talking about 'almost died' situations, dragons he slayed, and how tough it was. Crucially, I feel Musk doesn't instinctively understand difference between 1. communicating to interested parties, and those he reaches very well, vs. 2. talking to media and disinterested crowd that doesn't care, one fed by soundbites. First group will have a sympathy for those stories, second is going to see it as drama and lying...
Musk would do way better if he were to be prepped, like a politician or a witness in a court, about messages that are a no-go. Until he develops this skill himself.
Since he expressed trust in judicial system, I hope judge can send this message in a way that is not damaging, yet is convincing to Musk himself.
There, I said it, I'd prefer Musk to receive some sort of a gag order. (I changed this last statement to be more dramatic, as Disagreements were accumulating too slowly
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