I know. That's why the quotes. At least some employees seem to have swallowed the 'near death experience' line from Elon hook, line, and sinker.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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Anyone considering the CT for demolition derbies? I think as long as there isn't another CT in the event it should pretty much crush, literally, every other contender.
For the times they are a changing…
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www.reuters.com
EXCLUSIVE GM to boost spending on electric vehicles by 30%
General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters.
www.reuters.com
Yup! Here, I am guilty as charged...
Never owned a truck, never had any intention of buying a truck prior to CT, but when I looked at the combination of price and features and looked at my aging 2014 Model S (prior to Autopilot-1 hardware), I realized I am much better off "upgrading" to a CT rather than a new Model S or X.
And now I am even building a house to match the design of the CT
mltv
Member
For the times they are a changing…
EXCLUSIVE GM to boost spending on electric vehicles by 30%
General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters.
- Tesla annual cost of goods sold for 2020 was $24.906B, a 21.44% increase from 2019.
- Tesla annual cost of goods sold for 2019 was $20.509B, a 17.74% increase from 2018.
- Tesla annual cost of goods sold for 2018 was $17.419B, a 82.67% increase from 2017.
Reminds me of the old Robot Wars where the winner was always a low, wedge-shaped design (couldn’t be flipped).
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RobStark
Well-Known Member
They are talking about R&D, factories, equipment, retooling/retraining cost.
Not cost of goods sold.
Yup! Here, I am guilty as charged...
Never owned a truck, never had any intention of buying a truck prior to CT, but when I looked at the combination of price and features and looked at my aging 2014 Model S (prior to Autopilot-1 hardware), I realized I am much better off "upgrading" to a CT rather than a new Model S or X.
And now I am even building a house to match the design of the CT
View attachment 673827
Good looking house design!
mltv
Member
The term spending should include the cost to get the product out. I'm not sure they itemized what they spending on. Lots of times they use the term including R&D, factories, equipment, retooling/retraining cost. I don't know for sure. They normally like to report larger number to sound more serious investment.
StealthP3D
Well-Known Member
The Service Tech was just being nice. You are correct, you were lucky to get your Model 3 so soon. There was a huge line of people waiting behind you to get their own Model 3, my wife and I included. If you didn't take it, someone else would have been over-joyed. And now a similar dynamic is playing out with the new Model S and Plaid. And Model X. There is quite a wait for the 3 and Y in many areas too.
Who woulda thunk the shorts would have been so right about about Tesla's demand problem?
/s
I found this post about some guy that is an amazing driver and was there at the event:
Is he saying that if it was a completely empty track and optimal conditions, the official time will be under 1:20?
Carl Raymond
Active Member
Nah, just one for the nerds, rather than a failure to convert to pre-split.
599<600 = 599<700 = 599<1000 = true
But there is a psychological difference. The person who looks at the closing today and merely notes that it’s still under a thousand is possibly in a better head space, patiently waiting for that extra digit.
StealthP3D
Well-Known Member
I think it's a commonly voiced misconception that the Cybertruck will be bomb-proof in a crash. If Tesla designs it for a 5-Star safety rating it will need crumple zones and the front crumple zone will use the cooling system to absorb energy. It's probably not true that it will be any better at ramming heavy objects than any other truck. But it will probably be a lot safer for the occupants than any other truck.
If all the other Teslas until now are an indication, it will be THE safest truck.
Most half ton trucks are already used like that today. F150 King Ranch editions are today’s Cadillacs. The way are more luxury cruising vehicles than actual work for many Americans and that has fueled most of the growth of the truck market over the last 25 years. Also why we’ve seen multiple full size SUVs die and other barely sell. They have already converted to trucks at Ford and GM. Ram doesn’t make a body on frame SUV because it simply doesn’t make sense to with the sales. ~3m might be a tad low, but we are not talking about a 6-7m TAM.
The case I made was equal or better than the single best selling vehicle in the US. That would be a massive achievement and fundamentally change the outlook of the company.
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i wouldmt get too excited about Elon compensation plan finishing - it seems logical that once it’s complete there will be another new compensation plan right behind it.
I can't stop getting excited about Elon's next comp plan, where he gets more shares for creating another 10x in Market cap
If you think Elon is going to get anywhere near as big of a pay package for his next deal, I have a bridge to sell ya. It's one thing to get a pay package like he got when the company is only a 30 billion company. Drastically different when the company is valued at 600 billion
Plus the conditions would be 10X harder to hit. The only reason it's been so impactful to earnings so far is literally because of the 2020 rally....otherwise it would have take years longer to complete.
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