garsh
Re Member
Yeah, you better just cancel your reservation. Wait until you see evidence of the Model 3's being reliable. If it happens, you can always purchase one at that time.
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OK, now you are starting to parse and/or spin things. The headline reads:
"Tesla Admits It Still Hasn't Completed A Model 3 Beta Prototype"
It's written in the present tense in the month of March, and uses the word "admits". Now you are using the word "select" which doesn't even appear in the article.
Here's a quote where it's clear that they are including the timeframe past 12/31/16 in their article:
So please provide a quote where Tesla "admits" any such thing in as of the 3/2/17 article date.
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I think you are on to something here maybe you go first and cancel, we will follow your steps ... later
artisjr
Member
There is a new video of the Model 3 from Teslarati....
Tesla Model 3 spotted testing along Hyperloop track outside of SpaceX
Tesla Model 3 spotted testing along Hyperloop track outside of SpaceX
Because we're dancing on the head of a pin with this, and because I totally agree that Zerohedge plays with words to spin stories to their own agenda, I will concede the point. I was not focusing on the title of the story as much as I was on the underlying facts and those who are taking issue with what the story implies, have a very valid point. I didn't mean to defend Zerohedge, as I loathe it. As a factual matter, I definitely believe that it's fair to say that there is not yet a confirmed beta prototype as far as we know and as far as Tesla has disclosed, but obviously that wasn't what Zerohedge was getting at. I see the point people are making that the entirety of Zerohedge's story may be misleading.
I have changed the title on the thread, starting with "False Information".
Latest filing, and I quote: "In early February, we began building Model 3 prototypes"
Latest filing, and I quote: "In early February, we began building Model 3 prototypes"
It would depend on whether the company considered it to be material event. If it did, it would have to file an 8-K disclosing the event within 4 days of it occurring.
Because certain compensatory triggers are tied to this milestone, it may turn it into a reportable event, but I suspect that in general, Tesla doesn't file 8-Ks when it produces beta prototypes.
I won't beat this dead horse into another dimension of non-existence, but that wasn't in a filing with the SEC and it doesn't say that they are building beta prototypes. It's an important distinction since they are not saying that these prototypes are betas, and the 10-K, which is the last SEC filing with disclosure on this topic, says that the beta hasn't been designated yet. So like I said earlier, I think that the Zerohedge article does indeed have a misleading title, but from my perspective as a securities lawyer, I wouldn't say that the headline is false per se. I know this distinction will drive non-lawyers nuts, and I promise to not mention it again, but I had to end my commentary on this topic with this explanation.
No sky is not falling, but I'm sure you would agree that not having part 3 by now and not seeing even one picture of the final design is worrisome. I think the stock is reacting same way.
This isn't a court of law, and the misleading title is click-bait.
"Beta" is an arbitrary distinction, and has largely lost its meaning by inconsistent use. They're building prototypes, period. That's the information that matters re the title of this thread.
BluestarE3
Active Member
Keep in mind that, in this day and age, a picture isn't necessarily worth a thousand words. They could easily Photoshop pictures of a final design (especially of the interior), but would that make it any more "real" or closer to fruition? Maybe the reason they're not showing anything yet is because they don't want to show anything yet? Does the fact that Apple doesn't reveal upcoming devices prior to announcement likewise mean they hadn't been working on them ahead of time? On the other hand, Faraday Future shows off lots of renderings of their car and videos of earth-movers pushing dirt in North Las Vegas, but does that make their car any more real or closer to production?
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Why is it worrying that there's not one picture, or Part 3 by now? There were 0 pictures leaked before the Part 1 reveal. It makes sense that they don't have Part 3 before they make the Beta models. Processes have to be tweaked, tests done, and confirmation that the parts all go together properly.
arjay
member
You appear to be buying and selling stock...the rest of us are buying a car.
Why are you sure we will agree? I did expect pictures of the final design 'in the spring' but that has been rolled back for reasons known only to Tesla. Unless you think that 'pencils down' last June was a complete lie, and they are many months behind schedule, despite what they are saying in SEC documents, I don't see the worry. Stock prices have more to do with whether people believe the fear-mongering. Half the people who trade a stock are wrong about which way it is going.
Thank you kindly.
SageBrush
REJECT Fascism
I've already read as much of this thread as I care to but the new title suggested to me just the opposite of your intention.
I thought it meant that Tesla is redacting prior information of having a beta prototype.
Perhaps "Blog Zerohedge publishes Fake News re: Absence of Tesla Model 3 Prototype."
SageBrush
REJECT Fascism
Red Sage
The Cybernetic Samurai
So... They practice Equal Opportunity Prejudice?They are not Tesla haters by any stretch. They seek the negative in all things
Red Sage
The Cybernetic Samurai
I got to see a pre-release screening of that movie in Marina del Rey. They cut out a LOT of stuff for the theatrical release. Luckily the Austin Powers movies made up for a lot of what went to the editing room floor.
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