Interesting possibility -- they definitely are thinking of using the X platform for other things (e.g. minibus). Would also fit nicely with getting into the truck business, which they obviously plan to do with Tesla Semi. Still probably wrong but nothing I've heard so far sounds obviously "right" so who knows ....
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Interesting possibility -- they definitely are thinking of using the X platform for other things (e.g. minibus). Would also fit nicely with getting into the truck business, which they obviously plan to do with Tesla Semi. Still probably wrong but nothing I've heard so far sounds obviously "right" so who knows ....
I would be cautious with this assumption. EM said 3Q was last chance to show a profit before raising capital. It may be that even this number of vehicles shipped didn't result in GAAP profitability. Therefore not a good time to try to raise $$$, hence his tweet.
I ruled out AP2 because it is not unexpected (at least here on TMC) but given the rumors you may be right. "Unexpected by most" could be a reference to the timing or capabilities of AP2 or AP2 hardware. Who knows -- honestly, I'm stumped!
Could be 'unexpected' in that they are packaging it as a product to sell to other manufacturers.
I am trying to understand what happens at the hearing on October 14th in Delaware.
First, it's scheduled at 2:00pm, cases CA#12711,12723,12740 & 12745-VCS with the judge Vice Chancellor Slights in Wilmington, DE. It is in room 12c.
From the S4:
There are several possible outcomes. Two that I know of immediately:
1) injunction granted
2) cases dismissed
3) ???
Can any attorneys provide some insight as to what the possible outcomes could be?
First, it's scheduled at 2:00pm, cases CA#12711,12723,12740 & 12745-VCS with the judge Vice Chancellor Slights in Wilmington, DE. It is in room 12c.
From the S4:
There are several possible outcomes. Two that I know of immediately:
1) injunction granted
2) cases dismissed
3) ???
Can any attorneys provide some insight as to what the possible outcomes could be?
Why would he tweet that? Far more likely that numbers and cash position are better than market realizes and Elon was dropping another hint that there position is better than market realizes and they could be just fine putting off a capital raise for a few more quarters.
everman
Member
I was pretty sure it was only going to be AP 2.0, but working the HUD / Tesla Glass in on the same update might make sense. That gives them three quarters shipping the new hardware/software suite before the M3 hits.
racer26
Active Member
IANAL, but:
Truly, I suspect there is only one possible outcome, and that is cases dismissed. They are baseless cases, brought up to attempt to hold TSLA hostage and extort them for settlement money. IMO, the cases should be dismissed and the plaintiffs brought up on extortion charges. That the US Legal system tolerates cases like this is completely dumbfounding.
As far as all actually possible outcomes, I would expect:
1) Injunction granted - TSLA and SCTY both tank, and the merger is locked up until the cases are dealt with.
2) Cases Dismissed
3) Cases not dismissed, but injunction not granted either. Merger goes ahead as planned, and the plaintiffs (maybe) get money later.
Such injunctions are only typically granted in cases where the damage done by not granting them cannot be repaired with money. If found to be guilty of some impropriety, Tesla can simply give money to the plaintiffs to make them whole, so such an injunction would be highly unlikely.
I should say I think the product announcement is AP 2.0. Unexpected by most is going to be how advanced it is. So that's what I really think, not a truck.
That said, a truck is pretty simple. Same interior as X except for back side, and then throw up panels around the back. Nonetheless it's not gonna happen. Neither the cargo van nor truck will be in this announcement. Was a fun thought though.
That said, a truck is pretty simple. Same interior as X except for back side, and then throw up panels around the back. Nonetheless it's not gonna happen. Neither the cargo van nor truck will be in this announcement. Was a fun thought though.
That's pretty much it. If it's just a hearing on the injunction, it's just injunction granted (lol) or injunction denied and case proceeds as normal (seeking damages, fees, etc.). At that point, they usually settle out of court, with Tesla paying them some nominal "go away" money.
I'm not sure if they are hearing dismissal arguments at this hearing. If so, it's either dismissed or not. If not dismissed, see above - probably a nominal settlement.
Bottom line is chances are next to 0 that the injunction is granted and next to 0 that the case proceeds to trial. They are after a weak settlement, that's it.
Impressive relative strength from TSLA today. If there was a day for shorts to pile on i would have thought today would be ideal.
I understand you just wanted to say you are not a lawyer, but maybe this was the one time when you should not have abbreviated...
The one thing that puzzles me is that there are still no invites going out. This makes it less and less likely it is the actual showing of a new vehicle. As much as I would like to see Model Y in the flesh, I think things really start to point to AP2/Vision. That would be something they could release material on and invite a few reporters, but there is not necessarily a need to invite hundreds of people to go through a PowerPoint or show a video.
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I'm not thinking it is anything as big as a truck or some other new vehicle. But remember not so long ago Tesla used to do an opening event for each and every Supercharger coming online? Then as Superchargers kept popping up, they abandon all the fanfare. At some point Tesla is going to stop these huge elaborate parties/events for ever new product that comes along.
GBleck
Member
The part of my that yurns for the robot apocalypse is hoping for the tesla charging robot snake arm.
I'd be worried that robot is going to scratch my car. Plus, I can use the exercise of plugging in myself anyway.
everman
Member
I wonder if @esk8mw can send this through his "change detection" software to find out what is new with the Tesla / Panasonic Gigafactory agreement...
http://ir.tesla.com/secfiling.cfm?filingid=1193125-16-735804&CIK=1318605
http://ir.tesla.com/secfiling.cfm?filingid=1193125-16-735804&CIK=1318605
FredTMC
Model S VIN #4925
racer26
Active Member
You guys know diff is pretty well known software for comparing text files, right?
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