2daMoon
Mostly Harmless
Just wait until they cut the check to Mary...
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Just wait until they cut the check to Mary...
It's just money.
Gotta inflate it and bring it back down, the spice must flow, the spice is life
I'm not sure I've seen this commented on, but one possible effect of the various automakers now agreeing to adopt Tesla's NACS "plug" could be a DECLINE in sales for the competition in the short term. I mean, do you REALLY want to buy your new Mach e or Equinox next year with a CCS plug knowing the NACS is coming on the heals of it. Who the heck wants a ChaDemo equipped car in 2023 (or 2022, 2021, etc. for that matter)? Sure the government has mandated CCS be on all the new subsidized chargers, but I could even see that changing in another year or so (and Texas requiring NACS on them in Texas is yet another nail in the CCS coffin) - once the government realizes NACS IS the actual standard (vs. CCS).
Flash forward 5 years and you are selling your EV - Is CCS what your prospective buyers want?
Flash forward 5 years and you are selling your EV - Is CCS what your prospective buyers want?
Knightshade
Well-Known Member
I mean, the government got it back with interest- that's better spent than a LOT of government money
Either way....it's a dummy.
I thought Ford was still paying on it. IIRC it was a 27 year loan.I mean, the government got it back with interest- that's better spent than a LOT of government money
GhostSkater
Member
Cybertruck production, or at least parts of the line might have started
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Knightshade
Well-Known Member
Nope, Ford finished paying it off earlier this year.... (Tesla somewhat famously repaid theirs over a decade early)
The competition is coming … and it is the government.
Opinion | At Ford, Government Is Now Job One
The auto maker gets a $9.2 billion low-cost loan—along with orders on how to use it.
www.wsj.com
Knightshade
Well-Known Member
The competition is coming … and it is the government.
Opinion | At Ford, Government Is Now Job One
The auto maker gets a $9.2 billion low-cost loan—along with orders on how to use it.
Very weird story since they admit terms were not disclosed and they're completely guessing that there actually are any at all (besides requiring repayment of the money)--- their only evidence there ARE any strings is citing OTHER loans- from a completely different loan program (CHIPS) from a completely different agency (Commerce, not Energy), made to a completely different industry (silicon chip makers).
So reads more like trying to make up a controversy they have no actual evidence for.... Hilariously the story then goes on to quote the UAW president directly contradicting the story "The federal government is pouring billions into the electric vehicle transition, with no strings attached"
I agree and just want to add that even before the announced move to NACS, having CCS already was affecting their sales with people that actually did research to buy a car, however, with this announcement I think the reality set in woth most other consumers that are otherwise clueless with this stuff.
Yeah but it could have been entirely written off as well. If the loans weren't risky they could have gone to the market. Not saying I was against the old loan, or even this one, but the US government is taking on risk in order to encourage the transition.I mean, the government got it back with interest- that's better spent than a LOT of government money
cliff harris
Member
If government want to accelerate transitions to EVs, why not give cheap loans to companies who actually exclusively make EVs? The current system seems to be 'do nothing, sit back and make more ICE cars, because if you ever find you are totally outgunned by Tesla, the US taxpayer will bail you out'.
There have to be consequences for totally ignoring a gargantuan shift in the market, and willfully continuing to stick to polluting vehicles. If there are no consequences to such awful management, then why pretend its a free market at all?
Was the lending of 9 billion dollars part of bidens manifesto? has he proudly held a press conference to hand it over? so everyone can see that Ford get bailed out again?
There have to be consequences for totally ignoring a gargantuan shift in the market, and willfully continuing to stick to polluting vehicles. If there are no consequences to such awful management, then why pretend its a free market at all?
Was the lending of 9 billion dollars part of bidens manifesto? has he proudly held a press conference to hand it over? so everyone can see that Ford get bailed out again?
Despite the modest down move in the TSLA price at this moment today, a Golden Cross formation has been achieved. This is due to the 50-day SMA (simple moving averages) pushing above the 200-day SMA. This may be viewed as a bullish technical sign that a significant rally can resume and continue.
Sounds kind of bearish to me. I expect full self driving and robotaxi to be realized long before 2030 and the stock price to be well above 1500 by then.
Also, I for one really I enjoy TrendTraders posts. Wish he would explain what his technicals say a little more. I find his post to be a lot of fun. He may not be right short term but longterm I think he will be.
Knightshade
Well-Known Member
Tesla and Fisker both were original recipients of loans from this program.
Fisker went bankrupt and the government lost a ton of money. Tesla of course repaid theirs early.
Many other electric vehicle companies have applied, but most either got rejected for not being financially solvent enough to qualify or ended up bankrupt before they could work out the details (Aptera, Brammo, Bright Automotive, and Coda Automotive to name a few)
A loan is not a bailout. Especially when it has solvency requirements to get the loan. Which these do.
The program the loan was issued under was signed into law by George W Bush.
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Reuters - 2:06 pm EDT
Washington state plans to mandate Tesla's charging plug
They join Texas in the same mandate.
Washington state plans to mandate Tesla's charging plug
They join Texas in the same mandate.
My divesting strategy with TSLA is to start selling covered calls at strike prices that I'm willing to sell tranches at starting at 500/share and doing tranches of 1000 shares for every $100/share increase (500, 600, 700, etc..) until I've sold all but 1,000-1,500 shares which I plan to just hold forever for sentimental value more than anything else.
With this divesting strategy, I'll exhaust the last of my tranche sales in the 1300 range so I'll likely be out before 1500/share comes around. Maybe I'll just sell those remaining 1,000-1,500 shares if TSLA does in fact hit that 1500/share price. If TSLA hits all of these divesting milestones, there's simply no need to take any risk. Just take proceeds and put it into passive income that generate 5-7% that will more than cover my annual expenses. Tesla would have to be doing absolutely unreal things in it's business that are showing up in the earnings for me to not stick to my divesting strategy.
I'll of course be ecstatic if that scenario plays out but it'll be a bittersweet thing to sell of the last of the shares.
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