Great short summary.
I took the liberty of tweeting something close to this to the author Ivan Penn’s twitter account:
Ivan Penn (@ivanlpenn) | Twitter
And also to Kevin McKenna, Deputy Business Editor of NYT:
Kevin McKenna (@kemcke) on Twitter
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Great short summary.
I took the liberty of tweeting something close to this to the author Ivan Penn’s twitter account:
Ivan Penn (@ivanlpenn) | Twitter
And also to Kevin McKenna, Deputy Business Editor of NYT:
Kevin McKenna (@kemcke) on Twitter
In Beijing in *1986* it was standard to wear a face mask because of the air pollution. It didn't help much but it was better than nothing. The air pollution has apparently gotten much worse since then. I'm quite sure all the people in Shanghai are wearing face masks because of air pollution.
"Bioweapon Defense Mode" will be on most of the time in Chinese cities. :-(
BTW., in principle the prototype factory could be built at the mystery "parts distribution center" at Lathrop:
If it's indeed basically a giant machine, then all it needs externally are loading bays for the incoming parts. Having it relatively close to Fremont would allow the use of all the automation and factory maintenance talent of Tesla.
Note that Tesla always had parts manufacturing facilities at Lathrop, and characterized them the following way in the recent 10-K for 2018:
Code:Approximate Lease Size (Building) Expiration Location in Square Feet Primary Use Date ------------------------------------------------------------------------- Lathrop, 496,888 Manufacturing Owned building California
In the 2017 annual report they characterized the new Lathrop facility as:
Code:Approximate Lease Size (Building) Expiration Location in Square Feet Primary Use Date --------------------------------------------------------------------------- Lathrop, California 338,564 Warehouse and February 2030 manufacturing Lathrop, California 276,228 Warehouse and September 2024 manufacturing Lathrop, California 271,075 Manufacturing May 2025
Pure warehouses are reported by Tesla the following way:
Code:Approximate Lease Size (Building) Expiration Location in Square Feet Primary Use Date ------------------------------------------------------------------------- Sparks, Nevada 632,445 Warehouse December 2019 - December 2020
But in the 2018 10-K they consolidated the new building into a single reported unit:
Code:Approximate Lease Size (Building) Expiration Location in Square Feet Primary Use Date ------------------------------------------------------------------------- Lathrop, 885,867 Warehouse and September 2024 - California manufacturing February 2030
Note that 885,867 square feet is exactly the sum of the three entries from the 2017 annual report.
Also note that while the new building is characterized as a 'warehouse', it is also characterized as a 'manufacturing' facility, which would be weird if it's solely a parts distribution center, IMHO.
So while the default guess is that it's a parts distribution center that might host some of the warehouse space that the Model Y production lines at Fremont will occupy, I think there's still a chance that the new Lathrop "parts distribution center" facility is a "Gigafactory hidden in plain sight", which might host the new "gigantic, gigantic, gigantic" Grohmann Machine that Jerome Guillen teased.
Both Lathrop and GF3 have a similar design, with one side of the building consisting of dozens of loading bays. This is typical for a warehouse, so does not provide any clues to Lathrop's purpose. But we know GF3 is not a warehouse. So those loading docks are a clear indication that it will have a different supply system than the Fremont factory. It could even be in preparation for a modular system.
Question remains: will Lathrop also serve as a production facility? It's amazing that so far no journalist during a conference call has asked what this huge building is for, even though it is virtually completed now.
I was so mad about how biased that article was that I made quite a lot of polite and informative tweets pointing out how easy it was to do road trips in Teslas -- and also quoted the woman who does LA-Las Vegas trips in her Bolt *routinely* who showed up at the CleanTechnica article.
Do your best to be polite, guys. In this context it is more effective. Maybe Penn and McKenna are just fools who don't understand anything about electric cars; if so, politeness may help get them to learn. If they're malicious, being polite to them makes them look worse.
Elon did say that it worked way better to back a Semi up to the "tent" to supply parts, instead of unloading them into "bins" that then get stored, and then pull the stored bins and haul them to the assembly line. So yeah, I think the plan is to have trucks unload at the point of usage to avoid moving parts multiple times.
Management change. Jeremy Clarkson was disgraced and fired, along with all the people he'd brought to the show. The new management has no connection to him or his frauds.
Ladies & gents, boys & girls, I present you to LA Times “reporter”, with a NYT “reporter” tagging along
View attachment 422178
View attachment 422180
Fun fact: Russ blocked Trev for that tweet which included the word “crap”.
IMHO very important to respond in very polite terms, with nothing that could even be construed as an insult. Don’t give them the excuse to ignore you, and remember you are mostly talking not to them but to their readers. @KarenRei made this point recently, find some way to engage them, offer to supply some information and a different perspective. Won’t always work but worth a try.
That was a joke not product placement. Man I miss my Zune colors were ugly, but device, UI and service was superior.
At this point, Russ Mitchell is a special case, like Mark Spiegel and Larry Fossi and Anton Wahlmann and the guy who was threatening Tesla employees. Mitchell is clearly malicious. His editor is not malicious, and you were very polite to her about why she should fire him.
Ivan Penn doesn't have a record of association with such awful people as Spiegel and Fossi. Give him the benefit of the doubt, assume he was just a foolish person who didn't do his research... until proven otherwise.
No, they are independent. VW and BMW are among the investors in one of them - Northvolt. The Freyr gründer said they will sell to anyone.
Agree. I suggested that he chat with Casey Neistat
I am polite with most of them except maybe Tweety (Ed Neidermeyer).
.. But he has blocked me anywaySo, the stock price opened up slightly. Now let's watch for the MMD.
For newer members interested in Seeking Alpha's long history of biased handling of TSLA, there is quite a bit of useful information in this thread: Seeking Alpha and Tesla: Fair or FUD?
If there is new information on the topic, it might be good to discuss it in that thread so it is all in one place, especially since Seeking Alpha shows no sign of reforming any time soon.
If there is new information on the topic, it might be good to discuss it in that thread so it is all in one place, especially since Seeking Alpha shows no sign of reforming any time soon.
Fact Checking
Well-Known Member
While that might be true of Beijing, the Shanghai Gigafactory is a greenfield construction in the middle of nowhere, on former farmland, still surrounded by farmland, with very few industrial facilities nearby. Shanghai is also a coastal city, with a lot lower air pollution problems than cities that are more inland.
I'm pretty sure the face masks are primarily worn for the main reason why they are worn in the west: workplace safety, painting work is still going on, there's dangerous solvents and particulates in the air. If you look at the locals in the Shanghai Gigafactory videos, very few of them are wearing face masks.
I just traveled from Beijing to Shanghai in the marvelous high speed rail, 200mph, unfortunately the train was in smog almost the entire time
Annnnnd... now we do indeed see the MMD. How low will it go? Will it hit one of my targets? Can I buy a few more shares of TSLA?
X Fan
Active Member
Yup, MMD right on time.
I wonder how much money has been made over the years by traders playing the early spike vs later morning downdraft?
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