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there was a 3.2 magnitude earthquake about 15 miles from the Freemont factory on Sep 28... curious if there are known/published contingency plans in the case of varying sized "events"?... (no... i'm not hoping for an earthquake... just curious)
Chuck wrote lots of negative stuff in the past. Quite normal from him. If my memory serves me right, Tesla said it will reach 2400 per week when exiting Q4.
A 3-4 Richter Magnitude earthquake occurs 49,000 times per year. 3.2 is literally nothing.
I know... it just made me wonder... along with the headlines:
Earthquake Advisory for Parts of Southern California Remain In Affect Until Tuesday
I think it would be prudent to also mention there are asteroids roaming the solar system which could pose a threat to planet Earth with little warning.
If I were short, I think I would be hoping for an earthquake right about now.
I have no idea what the stock will do tomorrow. Seems like it could be a very big jump, but I could be wrong.. Either way, I will be sleeping better tonight having gotten a clear indication that Tesla is steadily making progress on goals which many thought were unachievable.
Referencing Tesla, Chanos points out that a clear sign of a company in trouble is rapidly exiting executives. He clearly has misinterpreted the situation. Elon was running through executives till he could find the ones that could do the job. The A team is now in place and the proof are in this quarters delivery numbers.
Mark Speigel says his average price shorting TSLA is $227. I doubt this includes the heaps and heaps of interest he's paid over the years.
No hard feelings against either of these guys. Through their interest payments, guys like Chanos and Speigel have provided me with a nice steady secondary income to fill in the gaps till TSLA takes off for real.
PEACE.
I've worked IT contingency planning for over a decade... I would not design a 30 billion dollar IT company with one datacenter in California for exactly this reason. Auto/factories are a much different thing... odds of single known asteroids hitting earth are about 1/250k in decades... odds of major earthquake in CA...
"The California Office of Emergency Services told KEYT.com that this equates to about a 1 percent increase in the likelihood of a major earthquake along the fault line through Tuesday." -- 1/100.
RobStark
Well-Known Member
This advisory is for areas of *Southern* California, about 300+ miles south of the Fremont Factory, and has very little to do with assessment of risks to Tesla Factory.
It says something that the most prominent short is talking about earthquakes hours after q3 delivery numbers were published.
Sleep well tonight!
Sleep well tonight!
Elon would never let an earthquake or meteor hit the factory.
The strongest earthquake experienced by NUMMI plant - 6.9 magnitude - happened in October 1989. There was only minor damage.
sundaymorning
Active Member
Shorts better pray an earthquake hits tonight, otherwise a tsunami of pain will wipe them out tomorrow.
I'd say so. Although I've been pretty off lately.
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In May 2016, Chanos said Baba's accounting is as alarming as Enrons. He shorted Baba. Now Baba is up almost 30% since then. He is definitely wrong on Baba if someone actually studies the case. He is even more wrong on Tesla. Tesla is a giant in the making, led by the most capable CEO on planet.
Krugerrand
Meow
Fortunately the factory is not in Southern California, but I suspect that there are building codes throughout California that address the possibility of earthquakes. I'm sure that's researchable and you can probably even find information about that on this forum since I'm pretty sure we've discussed it in the past - more than a dozen times.
Certainly a natural disaster is something people will want to model into their investment thesis regardless of the company they are investing in.
I'm going to assume I'm wrong in feeling that you're now taking a passive aggressive approach with your posts.
sundaymorning
Active Member
Very positive headlines:
Tesla selling twice as many cars as it was in 2015
Tesla delivers 24,500 vehicles in Q3, a 111% annual increase
https://www.ft.com/content/25342b74-88dc-11e6-8cb7-e7ada1d123b1
Tesla (TSLA) delivers a record-breaking 24,500 vehicles during the last quarter, and 5,500 more in transit
Tesla selling twice as many cars as it was in 2015
Tesla delivers 24,500 vehicles in Q3, a 111% annual increase
https://www.ft.com/content/25342b74-88dc-11e6-8cb7-e7ada1d123b1
Tesla (TSLA) delivers a record-breaking 24,500 vehicles during the last quarter, and 5,500 more in transit
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