cliff harris
Member
VERY interesting. Does anybody have a good guess for when the proper production line for the Semi is expected to go live? Tesla seemed to pretend it didnt exist on the Q2 call.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
ChaDeMORE! Wow - that's some piece of kit there.
This is pretty much anybody's guess. Tesla is still trying to fix the issues with the first test batch with Pepsi. Tesla must have planned this Semi charging station for a long time and had to go through with the installation despite the Semi setback. The existence of this charging station isn't an indication that the Semi is going to be ready anytime soon, only that Tesla had planned for it to be so.
Knightshade
Well-Known Member
News I'm seeing isn't quite what you're saying--
GM blames supplier for slow EV production, says Chevy Bolt EV will live on
General Motors CEO Mary Barra blamed a supplier of automation equipment for the slow ramp-up of its new electric vehicles.
www.cnbc.com
This suggests they intend to do an Ultium-based next-gen bolt.... at some unannounced future date... NOT that they reversed the decision to kill off the current- gen one this year.
adiggs
Well-Known Member
That's an easy one - at least for entities with market maker status. They have the ability to manipulate the share price down by creating new shares not issued by the company. They do NOT have the ability to artificially remove shares from the market - the issued shares are the issued shares, they just get moved around as people buy them. The market mechanism is there to drive share prices down, in a manner that they control; there is not a mechanism to drive the share price up.
Supply and demand relationship takes care of things from there - constantly increasing supply, absent any other factors, will drive down price in order to match the supply with demand.
With a bit of help from regulators, captive media, you too can manipulate the share price in companies of your choosing. Find a company with some value and a dependence on debt and/or equity sales and start manufacturing shares. When the share price drops low enough the company will lose functional access to either form of financing and thus leave them no effective alternative except bankruptcy.
Of course as entities that hold short positions, when the company goes bankrupt, you got to sell for X, and then never need to pay to close. Most of the time you buy to close at a lower price. It's how a company gets short interest up to 140%. This link points to a time when the short sellers got caught with their hand in the cookie jar. Think about that - for every 1 share that the company had sold to the market, the short sellers had provided another 1.4 shares.
Think of how that would work with USD if the US Government issued $10T worth of USD, and the counterfeiters had come up with an extra $14T to slosh around in the world.
Its still so profitable that (opinion) the problem with the Gamestop debacle to the industry wasn't the loss they took at the time - its that they got caught with their hand in the cookie jar, with a spotlight and cameras rolling. Sort of how profitable it would be if one could issue new USD at a dramatically faster pace than the US Government can do it.
EDIT to add: they key here is market maker status. The original observation about people doing what the industry describes as short selling - I have no problem with that. Regular short selling that you and I can do doesn't involve the manufacturing of any new shares. Rather we borrow the shares that we sell, so the net # of shares in the market remains unchanged.
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MartinAustin
Active Member
Fair point, who really knows what they're doing. This was my reference. Non-revolutionary upgrade... no Ultium.News I'm seeing isn't quite what you're saying--
GM blames supplier for slow EV production, says Chevy Bolt EV will live on
General Motors CEO Mary Barra blamed a supplier of automation equipment for the slow ramp-up of its new electric vehicles.
This suggests they intend to do an Ultium-based next-gen bolt.... at some unannounced future date... NOT that they reversed the decision to kill off the current- gen one this year.
Chevrolet Announces a New Bolt is Coming
It looks like GM has seen the light.The Chevrolet Bolt may have had a rocky start.Introduced in 2017, it was one of the first EVs that could go over 200 miles, yet at a reasonable cost.
www.autoguide.com
I just got this weirdly-formatted email from GM about not discontinuing the Bolt:
Thank you for being a Chevrolet Bolt owner. We appreciate you entrusted us with adopting the EV lifestyle and have heard your overwhelming response to its importance. |
Chevy is debuting an expansive EV lineup this year with Blazer EV, Equinox EV and Silverado EV. But we only got here because of Bolt — Chevy’s first long-range,1 affordable EV — and because of loyal customers like you. That’s why we’re excited to make this unprecedented announcement … |
BOLT IS CHARGING AHEAD! |
We understand your love for the Bolt, so Chevrolet is bringing the Bolt back. We hope you are as excited as we are, and we will share more information in the future. |
Again, thank you for your continued loyalty. We look forward to an electrifying future together! |
Why I bought a Bolt in 2017 is a story for another day.
But my translation of this is that they are having serious problems ramping the Ultium platform. So they are sticking with the Bolt awhile longer. It's sad to see GM failing so badly.
I don't think an Ultium-based Bolt is in the cards. It would be a complete re-design and they've already invested in the Equinox EV to replace the Bolt.
The Bolt is living a bit longer because they are able to make batteries for it and the Ultium ramp is proving to be treacherous.
navguy12
Active Member
IMO for years the margin on gasoline was razor thin; it was customer’s buying pop, chips, Twinkies and lottery tickets that were the real cash cows.
Mary disagrees with you, and I think she is likely to have better information than you: GM is making a new Chevy Bolt EV with an Ultium battery
Knightshade
Well-Known Member
Fair point, who really knows what they're doing. This was my reference. Non-revolutionary upgrade... no Ultium.
Chevrolet Announces a New Bolt is Coming
It looks like GM has seen the light.The Chevrolet Bolt may have had a rocky start.Introduced in 2017, it was one of the first EVs that could go over 200 miles, yet at a reasonable cost.
Ah interesting... your link has this:
Your story said:
Which is confusing to say the least.
Maybe they just mean some BMS updates with lessons learned from Ultium or something?
I think Ultium is short for Unobtanium. With a typo.
Stretch2727
Engineer and Car Nut
I listened to the GM conference call.
Leading Mary stated that they updating the Bolt with Ultium technology. It could not be any more clear.
Because it will be a fast tracked development, my best guess is they will keep as much of the current car as they can and design a battery pack and drivetrain using Ultium components.
Krugerrand
Meow
We believe what Mary says!?
Why wouldn't we listen/believe the leader in EV manufacturing/production?
Knightshade
Well-Known Member
I mean, seems it could be a LOT more clear.
What, specifically, is "ultium technology"
Because far as I can tell there's a lot more than the specific cells it could apply to.
For example:
According to this one "ultium technology" is simply a reprogrammable BMS.
Which one could have while still using the same old-gen batteries in Bolts today, but it would have "ultium technology" in it
GhostSkater
Member
If this is indeed the same V4 that will come to the US it’s a bit disappointing to Cybertruck charging times
And we had some leaks in the past suggesting that it would be 350 kW only, so seems credible
Instead of the sub 20 minutes 10-80% we are looking at more likely 30+ minutes for the 500 miles version, I can plug all that in my calculations later for a more precise number
Won’t be bad bad, but far from leading both in range added per minute and % added per minute
For the towing folks around 20 minutes would be really nice, 200 miles fully loaded 10-80% and sub 20 min charge stops
But it will likely have a quite flat charging curve, likely to hold 350 kW up to 50% or even a bit more on the biggest battery version
And we had some leaks in the past suggesting that it would be 350 kW only, so seems credible
Instead of the sub 20 minutes 10-80% we are looking at more likely 30+ minutes for the 500 miles version, I can plug all that in my calculations later for a more precise number
Won’t be bad bad, but far from leading both in range added per minute and % added per minute
For the towing folks around 20 minutes would be really nice, 200 miles fully loaded 10-80% and sub 20 min charge stops
But it will likely have a quite flat charging curve, likely to hold 350 kW up to 50% or even a bit more on the biggest battery version
Optimeer
Member
What did I wrote two months ago after watching Munro’s video of the Hummer EV battery?
Now blame the supplier which sets up the automation for the battery pack assembly?
Mary did not say the new Bolt will have Ultium platform battery packs. She said it will have Ultium technology, like maybe an updated BMS. There is no way they are going to redesign the Bolt to use Ultium battery packs on an accelerated timeline. If they had Ultium packs to spare, they would put them in the Equinox EV.
She's trying to spin this disaster. It's what Mary does.
UkNorthampton
TSLA - 12+ startups in 1
Tesla related - growing demand for EVs, Tesla able to supply better than many, only one in high volume across key/major markets.
EV supply problems:
EV supply problems:
- GM Ultium problems
- Toyota - redundancies in China, bz3 recalls for doors not locking
- Other OEM models aren't cheaper, including Chinese-built cars in Europe
- Low volumes all round
- Supply chains not prepped or out of kilter due to delays
- High-nickel pouch cells rather than cylinders or LFP
- Some terrible software
- Probably quite a few more.
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