Don't think anyone could have called that. Whoever said 'mild' green was wrong. I think we'll get another good day tomorrow. This was a good start to the week before Q2 numbers.
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Don't think anyone could have called that. Whoever said 'mild' green was wrong. I think we'll get another good day tomorrow. This was a good start to the week before Q2 numbers.
Close was literally the high of the day too.
CALGARYARSENAL
Member
Going to be great tomorrow. 210.00
Well, for reference, residential ground-mounts are starting to pop up where I live (which isn't even *that* rural). Some people will pay a small premium for rooftop 'cause their roof was wasted space and (in the forest) is elevated above tree-shading level, but there's no reason to think that residential ground-mounts won't become common; I expect that they will.
People will also pay a premium for control (this is a documented thing) so people will pay for "their" solar and battery just because they distrust the utility company. This is an unstoppable market, and will continue even if the utility is somewhat cheaper. At current US residential-over-utility premiums for solar, which are obscene, this won't be a large market. If the residential-over-utility premium drops to Australian or German levels *as it really ought to*, this will be a significant market.
It's worth remembering that the residential-over-utility premium for solar in the US is stupid. It's made up of bullshit like installer profit, sales and marketing costs, profit for other elements of the supply chain, permitting and red tape costs, etc. The residential-over-utility premium is much, much lower in the Australia and Germany, and if you're doing any predictions about the future, you have to use the German or Australian numbers, not the US numbers.
Could this account for the pop at the end?
Tesla Motors Inc (TSLA) Sells $20 Million Tax Credit to MGM Resorts International (MGM) Casino
Tesla Motors Inc (TSLA) Sells $20 Million Tax Credit to MGM Resorts International (MGM) Casino
Weird timing that Forbes declares TSLA oversold on the same day that it is one of the very few stocks that had a green day. Someone must be buying TSLA. Tesla Motors is Now Oversold (TSLA)
Incorrect all around.
Solarcity finances installs from selling pieces of the reoocurring 20 year revenue streams from their assets under management. This is not a loan. Investors buy parts of the revenue streams. Investors also buy Investment tax credits and other solar related credits.
If you wanted to look at the complete value of a compete revenue stream sale, John Hancock just bought some at 3.25/watt. If Solarcity were to completely monetize all their revenue streams for 2016 installs, they could pull in $3.575bln in upfront cash. If they drop to projected $2.25/watt all-in-cost by 2017, while just maintaining flat no compounding growth of 1.1Gws of 2017 installs, they would clear $1.1bln *in profit* ... and... own *completely* year 20-30 residual value of the asset and customer relationship.
The wild assumptions on debt and just Solarcity's business in general are not helpful to anyone attempting to do dilligence on this deal.
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FredTMC
Model S VIN #4925
I did. I was directionally correct
Seems that we SHOULD see some continued relative strength this week leading up to Q2 delivery numbers. That announcement could be as soon as this Friday (July 1st). Even if the announcement comes as late as Tuesday July 5th, THIS Friday is basically the final day for the shorts to cover before the announcement.
My view is you'd have to be a complete idiot to hold a new short position in TSLA knowing that the Q2 delivery announcement is about to hit.
My view is Q2 will be a beat vs guidance of 17k deliveries
Disclosure: Long since 2012
SolarCity Announces Formation of Special Committee to Evaluate Tesla Proposal (NASDAQ:SCTY)
Committee of two people?
Committee of two people?
Actually, correct. You aren't even disagreeing with me, you're just showing ignorance about financing.
Yes, that's what I said. The problem there is the word "pieces". Which parts have been sold? Which parts are retained? How much profit was made on each sale? Totally unclear.
Sometimes it literally is; depends on how the financing is structured. Even when it isn't legally a loan, the economic value of it is equivalent to that of receiving a loan and paying it off with the revenue stream, in any case -- with the possible exception of default risk, but apparently SolarCity and not the buyer often retains the default risk (I'd love to have more clarity on this).
Per watt is garbage. It's not meaningful. It *obscures* analysis by mixing apples with oranges.
What matters is comparing three things: the value of the revenue stream (which depends on whether it's a lease or a PPA, and in the case of a PPA depends on where the panels are located and the exact contract details of the PPA... not just the raw DC wattage of the panels), the cost of installation (which depends on many other things other than the raw DC wattage of the panels), and the income received for selling off the future income stream.
Look, maybe these things are great. Maybe SolarCity is clearing a 10% profit on every resale of a PPA income stream, and maybe the ABS are selling like hotcakes. But I *cannot tell* from the sort of numbers they've been releasing, which obscure the matter a great deal. And that's not good.
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As per BBB+ rating agency rating, Solarcity receives over 99% of all payments due on time on its revenue generating assets, average FICO score is 746. incredible quality, can't find much if anything better on the market today.
We could keep going around in circles, I guess we'all have to see who's right... respected independent auditors, institutional tax equity investors, and rating agencies... or you.
Due dilligence is key everyone, make your own judgments and conduct your own analysis...
But they've hired experts to do the work. Some here may be able to judge the experts, I am not. Further, if a board member with less substantial commitment to the company than Elon, for example, and two of them with a designated chairman that should be enough advice to the board. Selection of the experts is their most important step. I would expect these board members have only an editing function from now on.
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Adm
Active Member
Despite the mess with SCTY, $TSLA (-11.06%) outperforms $GM (-12.05%) and $FCAU (-16.88%) over the last month and is doing marginally worse than $F (-$9.86).
Just some perspective.
Just some perspective.
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Just as a legislative body can break up to form deliberative committees, so can a corporate board of directors. In this case, the two members of the SolarCity board without conflicts of interest regarding a merger were assigned to a committee.
There is no one on Solarcity's without a conflict of interest. All have investments in Tesla motors as well as investments in Solarcity. Has to be special committee of non board shareholders to consider the deal or not. If a deal is considered, it should be the right of this committee to consider competing offers.
But who funds Pfund's fund?
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