Here's the July 29, 2014 article:
Panasonic, Tesla agree to partnership for US car battery plant- Nikkei Asian Review
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Here's the July 29, 2014 article:
Panasonic, Tesla agree to partnership for US car battery plant- Nikkei Asian Review
So did Benzinga take it upon themselves to issue a "correction" to a story that they didn't even write? Particularly when the original article made no mention of an SEC filing and said it would be coming later?
Not sure, I didn't see what they published before their "correction".
And @michiganmodels July 31 is Tesla earnings, and coincidentally (or not?) also Panasonic earnings.
jkliu47
Member
That article is dated Feb 26 2014 ????
But reading the Barron's report (dateline July 28)
Report: Tesla Reaches Gigafactory Deal With Panasonic, Jumps 2% - Stocks To Watch - Barrons.com
there is a link to the Nikkei report:
Panasonic, Tesla agree to partnership for US car battery plant- Nikkei Asian Review
which does have a July 29 dateline (its next day in Japan right now).
Panasonic, Tesla agree to partnership for US car battery plant- Nikkei Asian Review
This is the one from today.
This is the one from today.
That would be me, but it wouldn't be like this unofficial nikkei statement. Public companies would issue a formal press release with one (or both companies') letterhead, easily accessible on their websites or investor relations sites.
As much as I hate to say it, it may just be Nikkei rehashing old news and a bunch of broken telephone in the media. However, if this is the case I'm hoping they rehashed it today because the tidbit about announcing something official by end of month is something new.
Oops, sorry. Googled it and didn´t check the date.
Replace the link on your original post with this:
Panasonic, Tesla agree to partnership for US car battery plant- Nikkei Asian Review
chickensevil
Active Member
You can tell how excited the forum is over something given the multiple posts of the same thing
I am pretty psyched and hope they give us something further tomorrow!!!
I am pretty psyched and hope they give us something further tomorrow!!!
CyberDutchie
Active Member
If all this turned out to be is rehashing of an old article, the stock would be back at where it started the day by now. The fact that it's staying up at the $229-230 level means there is some new information out. Large investors and institutional buyers have a way to get a hold of news before it is public...
Gotta love Merrill/B of A - $75 price target and feel the need to come out when Tesla pops to say the Panasonic investment in itself won't be enough to complete the gigafactory....really? Did it take you a couple hours to do the math that $2 billion, plus $300 million does not equal $5 billion. They need to also ban Merrill/B of A from Yahoo, like they did the FUD masters of Seeking Alpha.
Hoping for some sexy partners - Google, Apple, Foxconn...etc. now that they have Panasonic in the fold, may the real $ please stand up.
Hoping for some sexy partners - Google, Apple, Foxconn...etc. now that they have Panasonic in the fold, may the real $ please stand up.
Is that why the price came back down? Is there a link? I don't know how they still have any credibility with investors at this point.
Apparently related to that, Benzinga wrote at 15:13 EDT, "Hearing Bank of America Saying Tesla May Do Sec_ndary Offering". The bots and other dimwits may have picked up on that. If another offering is required, that will come well down the road. Even that may not be needed as revenues roll in. Right now there is plenty of cash to get the project started and well on its way.
apparently BofA put out a short note to investors noting the small size of the panasonic investment in the context of tesla previously indicating that they expected partners to contribute $2-3 billion; bank of america indicated that they believe that tesla may ultimately need to do a significant equity offering to proceed with the gigafactory.
surfside
jkliu47
Member
That's ok. I wouldn't expect them to say anything else. How else are they going to justify their price target at 1/3 of current price?
chickensevil
Active Member
Are they stupid? What would Panasonic provide right now, today? The building and land is all Tesla. Tesla is the orchestrator of this whole thing. Until there is a building there is minimal need for additional investment from suppliers. The announcement even practically stats this when it says that the 200-300 million is for equipment. Huh, don't you need a building to put the equipment in? 2B is more than enough to build the building and get all the basics in order. The suppliers will bring in all their stuff as needed and as thing ramp they will add to it.
If I was a customer of them I would be calling them up asking for my money back.
If I was a customer of them I would be calling them up asking for my money back.
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