So, if we connect the dots, the plan is to get the UAW pay above that of the Tesla workers so they will be inclined to unionize to get the higher pay. They've got to get that done faster than they drive the Big 3 out of business.
I like popcorn.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
I like popcorn.
MartinAustin
Active Member
I used to think it would be September 30th. But they're not giving enough time for buyers to travel to the location. BUT... if it's employees first, and they all work locally, they can all do it. Maybe one week's notice is all that's reasonably required for the media.
Maybe there will be no delivery event at all. Tesla is loathe to stoke demand at this point and would rather have test data from employee guinea-pigs than fanfare.
Maybe Tesla have to wait for government paperwork to complete before that stuff happens so they can't really schedule it until they have the go-ahead. (crash tests & other homologation, etc. stuff)
Maybe the "RC" labelling on vehicles is a way to allow early owner-employees to drive around and do normal things in their Cybertrucks... then the labels get peeled off after government hurdles are passed.
Maybe it simply isn't happening in Q3. Thus is an extremely important product for Tesla, and the renewable energy mission, and they want to get it right.
A whole lotta maybes and no real answers
I find that highly unlikely given that customers have already spent credits from the loot box to get an invitation.
Some kind of delivery event is happening.
Knightshade
Well-Known Member
The folks who leased say a Plaid X for 140k that is now 90k new might be pretty ok to leave the "residual" value with Tesla.
Apart from that, if they went through a 3rd party lease, they can potentially get access to the $7500 tax credit that is not available for cars in that price range otherwise (and not even available if going through Tesla for the lease as they don't pass through the credit but pocket it instead)-- this route also lets you get the credit even if you're personally over the income limits as well.
Drumheller
Active Member
Nkla up over 30% today. Media reason... they announced a new Chief Operating Officer. Obviously Elon isn't primarily motivated by money. Otherwise he would forget this production stuff and focus on Tesla making exciting announcements
I have the ideal followup article:Just another Monday at the Wall Street Journal.
"100% of Tesla's unionized employees join UAW strike in solidarity"
Will have ChatGPT write it; expect Reuters to cover.
(Little do those clowns know, Tesla ionized all their employees months ago.. bawhahah)
In what economy are people not interested in dirt cheap. Perhaps I'm not old enough to remember an instance of this.Tesla Model 3 Becomes First-Ever EV To Crack Into Top 10 Leased Vehicles In America
Tesla Model 3 Becomes First-Ever EV To Crack Into Top 10 Leased Vehicles In America | Carscoops
The Tesla Model 3 accounted for 1.79 percent of all vehicles leased in the second quarter of 2023, marking the first time an EV has made it into the top 10 on the new vehicle leasing chartswww.carscoops.com
The only way leasing a Tesla makes sense is that its dirt cheap per month. Because at the end of the lease, you are giving away the equity back to Tesla. In this economy people are more interested in dirt cheap.
The Giga Texas drone flyover videos show a very Cybertruck-themed remodel is going on at one of the plant's entrances. Maybe to play a role as a stage/backdrop for the delivery event?
10:47 here:
larmor
Active Member
Optimus: Recent FSD demo learning from other drivers. How long before passive video and/or video goggles (apple vision?!) are used to record factory work and train optimus? And where is Asimov and the robot rules-- which I don't think include robot unionization....
No chance the thought of Optimus has crossed the mind of that UAW head
Lots of new info from Deutche Banks sit down with management team( they have a buy rating with PT of 300).
-16 days of inventory is not sufficient enough to put Tesla Q3 deliveries to be above Q2
-Reasonably assume highland cost less to produce and it's priced higher
-Highland does not use gigacasting and uses the same battery packs for ease of production ramp
-Berlin will not make any Model 3s, will continue to focus on Model Y
-Berlin and Texas cost reduction currently comes from ramping to capacity, much of the cost reduction will come in 2024 as they optimize after ramp
-SG&A/R&D are highly focused on Dojo and CT, will go down vs % of sales, should be realized more in Q4
-Will focus more on regional discounts vs headline price reductions to move inventory
-Due to Tesla's limited impact from raw materials inflation and deflation, you should see muted impact from current raw material's deflation as a point of cost reduction just like how the impact of raw materials during high inflation time was also muted.
-Berlin ramp is going to 375k and not the initial 500k due to labor laws for overnight is too costly and it's not worth it
-Texas is still going to full production
-Next gen car will be made around the world, not just Mexico. Mexico will only make next gen car. Target volume is 5M.
-Cybertruck deliveries in Q4, will be the ONLY tesla vehicle using the 4680 structural pack and 48V power infrastructure. As for charging, it'll be at 1000V system. Targeting 250k/annual production
-FSD pricing reduction hopefully can gain 20% more take rate, margins are close to 100%
-High interest on FSD licensing, gathering partners up now so they can start recognizing revenue in the next several years. Said Nvidia/Mobile eye are the only other systems OEMs can pick so it depends on pricing/capabilities. Said other OEMs will not have their customers pay no less than Tesla FSD customers.
-16 days of inventory is not sufficient enough to put Tesla Q3 deliveries to be above Q2
-Reasonably assume highland cost less to produce and it's priced higher
-Highland does not use gigacasting and uses the same battery packs for ease of production ramp
-Berlin will not make any Model 3s, will continue to focus on Model Y
-Berlin and Texas cost reduction currently comes from ramping to capacity, much of the cost reduction will come in 2024 as they optimize after ramp
-SG&A/R&D are highly focused on Dojo and CT, will go down vs % of sales, should be realized more in Q4
-Will focus more on regional discounts vs headline price reductions to move inventory
-Due to Tesla's limited impact from raw materials inflation and deflation, you should see muted impact from current raw material's deflation as a point of cost reduction just like how the impact of raw materials during high inflation time was also muted.
-Berlin ramp is going to 375k and not the initial 500k due to labor laws for overnight is too costly and it's not worth it
-Texas is still going to full production
-Next gen car will be made around the world, not just Mexico. Mexico will only make next gen car. Target volume is 5M.
-Cybertruck deliveries in Q4, will be the ONLY tesla vehicle using the 4680 structural pack and 48V power infrastructure. As for charging, it'll be at 1000V system. Targeting 250k/annual production
-FSD pricing reduction hopefully can gain 20% more take rate, margins are close to 100%
-High interest on FSD licensing, gathering partners up now so they can start recognizing revenue in the next several years. Said Nvidia/Mobile eye are the only other systems OEMs can pick so it depends on pricing/capabilities. Said other OEMs will not have their customers pay no less than Tesla FSD customers.
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insaneoctane
Well-Known Member
Agreed. But, what would it cost you in taxes to sell $10M in equities to move into 5% interest bearing account?
@Artful Dodger
to what exchange? where?
(seriously as a neophyte)
this would cause a lot of _heartache_ to a lot of options & shortz folks & even the FTD folks
(BTW. FTD over last 12 months seems to be declining)
YTD - my dividual mutual funds have done the following:
- grown 5% YTD (were 10%+ 2 months ago) w/ a 60-40 stocks-bonds mix
- still on-pace for 3% dividend yield
Yes, I'd generate more income in a money market fund at 5.2%, but it'd be less than total growth of the output of my dividend mutual funds so far which stands at 8% YTD. The way this is going, it looks like more growth in returns and income from the dividend mutual funds than the money market funds this year, in 2023, due to how well the market is going.
In 2022, my dividend mutual funds lost ~16%. TSLA lost ~60%. I'm still down by ~4-6% from what I bought in for in 11/2021 in the dividend mutual funds from TSLA.
Theoretically, if I was super certified insane and prescient at the same time (rather than analyzing in hindsight), the most optimal growth strategy would have been selling out of TSLA and then waiting for the inevitable drop down to $100. Then, mass re-buy and get the ~2.6X growth so far this year...on top of the ~20-25x it grew between 2019-2021.
Whoa - what a giant dump of great details! More than we get on earnings calls!
Rather disappointed with that Berlin number.
If that is the full story - no hidden backstory that might never come out - then I cannot but see it as a massive unforced error. How can a responsible manufacturing company not know from Day -0 what such basic labor parameters are?
My guess is that there are not enough people to fill overnight shifts and not enough people wants to extend their hours from afternoon shifts into overnights.
I wonder if that means initially or ever. I thought this was the future.
I think it's management talking up how CT is a new platform with a lot of next technology in which the other part of the note alluded to this.
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