Someone remind me - Elon hasn't sold on Fridays yet, right?
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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Gigapress
Trying to be less wrong
Yup, last November.
Elon Musk says SpaceX could soon face bankruptcy - here's why that's unlikely
In a new leaked email, SpaceX CEO Elon Musk says that the company could go bankrupt if, by the end of 2022, it can’t achieve Starship and Starlink milestones that are by all practical appearances out of reach. The news – first broken by SpaceExplored – comes about a week after CNBC reported that...
www.teslarati.com
Krugerrand
Meow
Not everyone has the same sense of humor. Additionally, some seriously suck at sarcasm and need to be down voted in hopes they refrain in the future.
Yes, he sold last Friday.
I'm still not convinced that there is a China demand problem. There was never an infinite number of China orders each month, there must be rough mean average. So, with all the recent upgrades they have done at Shanghai, it may simply be a case that they finally have EXCESS manufacturing capabilities, above the mean average China orders, so they have more flexibility to send cars elsewhere. That, coupled with growing production from Giga Berlin to fill the European market, now allows them to direct cars to other markets, IMHO.
Krugerrand
Meow
No, that’s cool. The more people who continue to recite demand problems, the richer I get so I’m all for it.
It just doesn’t seem to matter how many times Tesla goes on record with - Demand is NOT our issue - people still want to believe what the media and WS are serving.
Imma just sit over here in this corner quite certain there is no demand issue and accumulate me some more demand shares.
Krugerrand
Meow
Too late. You can’t take your demand share back. I won’t have it.
StealthP3D
Well-Known Member
It sounds like you doubt that is Elon's plan. In my opinion, it's 100% certified and guaranteed. That's what he's doing, and only new insight of a monumental nature could change that.
Why would anyone use or want another online payment platform? What kind of question is that? Clearly, you are not thinking clearly. Have you never used PayPal? Are you unaware that credit cards pretty much make everything cost 2-3% more? I'm not speaking of interest expense if you don't pay off your balance each month, I mean everything online and in stores is marked up 2-3% to cover the fees from MC, Visa, et al. I cringe when it turns out PayPal is my best payment option (due to the high fees).
All of this makes the payment system a HUGE part of our economy, very inefficient, like a huge tax on all of us. Yes, credit cards and PayPal, et. al. make it easy to pay, but at a huge cost. Almost as bad, a credit card or a PayPal account cannot replace your need for multiple other financial institutions. What if there existed a low-cost on-line bank that integrated all the functions from borrowing money to buy a car or a house, making payments, earning interest, exchanging funds between individuals, buying groceries, paying rent, holding crypto, etc. etc. etc. that was reliable, trusted, intuitive and made a profit by skimming but a small fraction of what legacy credit card companies, mortgage companies, etc. take from every transaction?
In short, VISA and MC and a bunch of other multi-billion-dollar companies would be disrupted. And good riddance! The financial sector consumes ~10% of our GDP which economists say is like a big tax on us all (ideally, the financial sector should be closer to 2-3% of the overall economy because it's inherently unproductive from a primary perspective). Elon wants to spend about 2% of our GDP to make life interplanetary. If he can shrink the financial sector by even that little bit, then he can take the profits that would have gone to financial types and re-appropriate it to make life interplanetary (or whatever other good causes are on his plate), all without being the slightest burden on anyone (except for the displaced finance billionaires).
Lower transaction costs. Sounds like a win for humanity. Any questions?
I need to know why you have Lora's number though. Are you a spy?
I wish Elon would give more than a one word Tweet. Which part was "False"?
1. Tesla is considering importing Chinese-made cars to the US?
2. There is slower demand from Chinese consumers?, or
3. Both?
insaneoctane
Well-Known Member
I actually love that simple single word reply! I hope everyone that sees that article automatically sees that reply!
Krugerrand
Meow
Sucks to be them, eh? But I’m pretty sure they’ll somehow 
manage to financially prosper anyway.
I'm back in with a small stake.
Trading in my sleep. Just the usual coffee run business.
No analytics here, I just pickem' from the gut. It's SOOOOooo tempting not to do this x10.
No analytics here, I just pickem' from the gut. It's SOOOOooo tempting not to do this x10.
Yep. I'm 54 and i've seen checks only as a child when my father used them.
Gigapress
Trying to be less wrong
QZ in that article calculated “profit per vehicle” by dividing BYD’s entire net income by the total number of cars delivered.
This included hybrids and ICEVs, plus forklifts, busses and BYD’s non-automotive business segments.
As far as I’m aware we don’t have enough information to know BYD’s average cost for BEV passenger vehicles. I’m pretty sure we don’t even know if BYD make BEVs with positive gross profit.
However we do know that BYD, like everyone else, lacks gigacastings, octovalve+heat pump+advanced thermal management integration, and other cost-saving technology that only Tesla has.
So tonight we could potentially get the Form 4 if he sold Wednesday and most likely would also get the ones for Thursday and today, as well.
Wouldn't that seem to cap off this round of selling and clear the way for a bounce next week? Do you think he would keep selling into next week?
Wouldn't that seem to cap off this round of selling and clear the way for a bounce next week? Do you think he would keep selling into next week?
Tesla is going to focus on profit maximization. If that means pushing Chinese production to the US or China, they will. Only way this makes sense is if Tesla is planning on flooding the US markets with cars to take advantage of the higher prices the IRA enables. That would result in a big surge in Tesla market share in the US.
I'm not saying they are, just that I think everything is on the table. It would seem weird to me though that they would export to the US when Model Y production is just starting to ramp properly and they have so many closer markets which are underserved at the moment. Australia, New Zealand, Israel, Japan, etc etc. They also have already established channels pushing cars into Europe.
Just doesn't make too much sense, plus obviously Musk is denying it.
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