Thats correct, I was referring to the potential of the Model 3. I assume with a higher volume vehicle they will import it whole (or build it in Europe, but they are some time away from that)
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Thats correct, I was referring to the potential of the Model 3. I assume with a higher volume vehicle they will import it whole (or build it in Europe, but they are some time away from that)
Mario Kadastik
Active Member
Doubt it, right now the components are (as I understand): car, drive units, battery. That assembly takes closs to no time. The same will be with Model 3 unless the trans atlantic trade treaty passes which should eliminate such tariffs altogether.
Mario Kadastik
Active Member
Well todays brexit will have for sure a huge impact on TSLA income statement. All the UK cars that have already been ordered and that are ordered now before Tesla hikes the price will have to be delivered at old prices meaning TSLA will take a 10% hit on UK cars and a smaller one on all EU cars. Not sure how huge a hedge they have aganst such forex slides... And it's right now time for first X deliveries with UK ones coming even later. Not sure if the uk cars have already had the confirmation possible, if yes then it could impact for quite some time still...
Depends on how long the currency stays where it is. There is probably flexibility across the Tesla offices to not pay for a shipment today. And often car makers have currency hedges in place as well which could help ride out short term fluctuations.
But if a depressed currency remains there will be costs to be borne and/or price rises.
This is good to know. I have a margin account, and have both core shares and options specifically in TSLA. I did get a phone call last fall from my brokerage asking if I wanted to participate in share lending (interest would be paid, and all sorts of other chatter about how it would be backed). It was explained to me to set maximum limit positions at that time, otherwise they may be used with or without my consent. I had several options trades in at the time -- so perhaps that's the confusion. I could have sworn they were referring to actual cash shares, and not margin though.
From my Thinkorswim Tesla news feed:
Standpoint Research Upgrades Tesla Motors to Hold
That's the firm run by Ronnie Moas.
Benzinga Headline
Standpoint Research Upgrades Tesla Motors to Hold
That's the firm run by Ronnie Moas.
Benzinga Headline
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Mario Kadastik
Active Member
How can it be if gbp was said to have last seen these levels in 1985???
dc_h
Active Member
Krugerrand
Meow
Because we've seen this story before and we learn from the past.
No need for hedges:
1) tesla adopts their prices. The euro dropped 30% over the last 2 years, and Tesla adapted their prices frequently.
2) Not all Tesla's cost are in dollar. Wages and service center costs are in euro in europe/gbp in the uk. Some of the parts for the car also come from europe.
Krugerrand
Meow
Tesla will accelerate their plans to build a factory in Europe. They'll have enough Model 3's to sell to other countries in the meantime. There's always huge angst when something like this happens. More times than not it turns out to be not that big a deal. People are emotional creatures who often fear what they don't know (ie the future).
CALGARYARSENAL
Member
Nothing is impossible. I will laugh so hard if Tesla goes green today. Doing well compared to everything else.
CALGARYARSENAL
Member
Outperforming the indexes 2:1... TSLA as a conservative hedge. Didn't see that one coming.
MitchJi
Trying to learn kindness, patience & forgiveness
Tesla Motors, Inc.'s Offer to Buy SolarCity: Everything You Need to Know -- The Motley Fool
Does that imply that the terms of the offer might change?
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