Recent content by Sancho

I just finished Isaacson’s book. I agree it’s a must read even for those of us who already know most of the story. One thing that particularly struck me was how many of Elon’s extended family members have been employed by one of his many companies. Not only is he extremely close to his family...

My bad for using the shorthand of “WS.” What I meant was “finance community”, tens of thousands of folks who invest the big bucks that ultimately move the market. I’ve got lots of friends in that community, and until recently they were almost all skeptical about Tesla and TSLA. Some WS...

WS loves beats. But this SP pop is about more than just 20,000 additional cars sold. It’s a continuation of the Great Awakening that started when Ford and GM adopted the Tesla charging standard. While some WS players still don’t get it, most now understand two key things we’ve known for...

Ford and GM adopting the Tesla charging standard could be a pivotal moment in how WS perceives Tesla. Most WS folks I know have been dismissive of Tesla from the start. They have always assumed that legacy auto would eventually overtake the upstart. And for a decade they have twisted every...

Ford and GM adopting the Tesla charging standard could be a pivotal moment in how WS perceives Tesla. Most WS folks I know have been dismissive of Tesla from the start. They have always assumed that legacy auto would eventually overtake the upstart. And for a decade they have twisted every...

Today could be a harbinger of good times ahead. All the things that have been spooking the market are receding. Interest rate hikes may be over, the troubled regional banks have been bought, inflation is coming down, earnings are strong. It’s still a highly traumatized market. Any littIe...

Ark Invest has a nice graph showing the addressable car market at each price point. In order to address more than 50% of the market, the price has to go below $30k.

Elon could not have been clearer on the call that they have been lowering prices to match demand with supply. The only reason stated in the call for why they had to lower prices more than they anticipated (based on the miss on their own margin guidance) is the economy. But other factors could be...

For those holding common shares for long term appreciation, nothing has changed. Tesla is executing very well, and has the cash, and cash flow, to achieve all of its long term objectives, which remain mind-bogglingly large and lucrative. But for those who, like me, are looking one year out...

While an earnings beat would be lovely, what I really want to hear during the earnings call are the sweet words “we project margins to increase as the year progresses.” That would destroy the bear narrative.

Perhaps one of the upcoming new Tesla models is a Tunnel Car: more room for passengers and luggage, no need for fast acceleration or aerodynamics, no steering wheel, just a very basic box that can reliably and safely go 40 MPH without driver.

I’m one who is posting less these days. I’m waiting for the data coming soon: P&D report, then earnings, disclosing the margins. I backed up the truck last year to buy more LEAPs. Nothing to do now but wait for the numbers to speak for themselves. Wake me up on the earlier to occur of...

As EV costs come down and everyone has multiple friends and family members talking up their EVs, the last remaining concern for EV holdouts is charging on road trips. Todays WH announcement is the best of all worlds for Tesla on that score. It sends a strong message that many more...

You joke, but it’s a poignant example of the real impact of Elon’s politics and tweets. This friend is a staunch progressive and his opinion of Elon has morphed this year from bemusement to outright loathing. Four months ago he would not have bought a Tesla solely for political reasons of not...

Another anecdotal data point: a good friend of ours is the last holdout in a small group of friends to buy a Tesla. He owned a Leaf, and was dead set against buying a Tesla, partially because of price, partially because of negative feelings towards Elon, partly wanting to be different...