Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Mike Smith]

I guess he's done taking questions from the likes of Tamberrino and Colin Langan. I think he took more questions from Say than from analysts

 

[Cattledog]

I need a cigarette.

 

[Chickenlittle]

? Nobody thought to ask about tesla producing cells nor their acquisition of 2 battery making tech firms

 

[thx1139]

What I dont see is a question and answer about Pickup truck unveiling

 

[Fact Checking]

I just want the truck. Damn it. Why is there nothing on the truck.

Elon said this about the Pickup Truck: "I think it's going to be the greatest Tesla vehicle, ever" - or something like that.

 

[bhtooefr]

Alright, so, call over.

I have questions: how exactly does a margin call work in this scenario (huge event triggering the margin requirement after-hours)?

Would the shorts typically get the margin call before open (tonight/tomorrow morning), upon/shortly after open, near close, or after close tomorrow?

And, don't they have a couple days to resolve the margin call after they get it?

 

[Right_Said_Fred]

It was obvious after the 2Twh battery capacity announcement, but very happy to hear Elon confirm Tesla is now targeting annual vehicle production of 20 million per year.

What exactly did he say? I missed that one.

 

[Ulmo]

All this good news at once, then the solar show Thursday, anyone feel like it was a planned hoopla comeback quarter intended at stock movement?

So far so good...

More like advertising momentum. Catch all the news stories on stock price by inserting a product announcement in them. Try to get all the news writers writing bad stories about how both are bad very salaciously. That will cause a lot of people to learn about the product and buy it, causing the price to go up.

(I don't think the stock price is the intended target, just a waystation. It's product advertising mostly.)

I.e., this is 2019. We have the Internet. Elon is launching SpaceX's Starlink, for instance. Oh hey, Elon again. Huh. Imagine that.

(Newspapers? News reporters? Pathetic. A throwback, and a way to deal with them productively. Essentially, they are equal opportunity useful idiots, which pisses off their masters no end.)

 

[anon]

Just to repeat, 5% MORE HORSEPOWER coming to Model 3 via OTA in the next few weeks. WOW!

I thought they meant horsepower as well at first, but their later comments suggested they meant power consumption reduction instead - they were talking about range improvements resulting from this. Seemingly this is how they get the Model 3 up to the new 250 miles instead of the old 240 miles.

 

[mongo]

He did say "This is not the right forum for product announcements." Is that still slated for next month? Anybody have a recent invite?

On Sept 7th, Elon said likely in November.
Twitter

 

[Heimdallr]

Yeah, but who needs to own their own car when a RoboTaxi is just hanging around at the end of your cul-de-sac this December?

It isn't. Feature complete doesn't mean it will be available in cars, and it doesn't mean self-driving without supervision. That is still a few years away - depending on the jurisdiction I guess.

 

[Chickenlittle]

Last chance for another short squeeze?

 

[Pras]

key takeaways from call

1) Truck is the best ever product as per Elon
2) Solar and energy back on track. Many initiatives to push for solar. Solar V3
3) more demand for S/X in this Quarter
4) likely margin pressure during China ramp-up..should be small impact
5) FSD feature ready selective launch in 2019, more in 2020
6) More Power through OTA
7) More orders this quarter to date, and evenly distributed in all regions.
8) EU giga announcement soon
9) Tesla goal is to replace 1% of the total cars...i.e. 20m replacement rate (please correct me on this as I would assume 20m is a lot).
10) confirmed china battery production plans

 

[SOULPEDL]

People will buy EV’s who otherwise wouldn’t buy a new car.

That was our case exactly. Sold a Newer Beetle convertible. I convinced my wife that I was tired of special tools to drain oil, a hidden battery that took me 3 hrs to change. OMG, at 59, I was done with car maintenance! High stress purchase, best one made though 1.5 yrs later.

 

[2virgule5]

The plaid raven has landed.

That and/or underwhelming Taycan't paper launch...

 

[X Fan]

I have an X and I get lots of loaner cars when mine is in the shop. I have to say the S is a pretty nice car to drive. I think I'll like a smaller car better, but the S is not bad. I also don't fit in it well. It's way to easy to bump my head getting in or out and shifting in the seat. They seriously sloped the windshield to get that extra 1% on the drag factor. Even my shoulders get in the way getting in.

Agreed. S is just too low for me. Not the right vehicle for anyone with neck or back issues. For me, the X has been perfect.

Also have a Y on order for my wife to replace her Macan...it will be interesting to see if it’s tall enough for me.

 

[dww12]

Elon open to supplying other companies with batteries/drivetrains.

Why? To put in a car that is not FSD? A car that can’t potentially replace 3 cars. That’s nuts I can’t believe he said that. All batteries are needed for Tesla. Let them buy salvage.

 

[ElectricOrgan]

No. EV technology will make people want to buy cars quicker. Instead of taking 20 years to replace the global fleet, it will happen in a shorter period of time. So short-term, demand for vehicles will increase. Tesla will be production constrained for many years to come.

I can't see that happening. Yeah, there is enough Tesla frenzy that they are selling everything they can make, but I'm pretty sure the other 99% of car owners see them as transportation and will wait for EVs to get some track record at the standard price range before they jump on the bandwagon. You can buy a 150 hp lower end car for $20,000. When you can get a comparable EV with 200 mile range for that price then we can start to talk about EVs making inroads. Until then EVs will be ramping up, but it will still not be the main driver in the auto market.

Also, in 5 years Tesla will not be the major player in the EV market. They will be swamped with competition and had better figure out how to make them cheap enough to sell for well less than $35,000 and still make profit. That's what everyone else will be doing.

 

[Dan Detweiler]

Never in my entire life have I been so ecstatic to have been so completely WRONG! Congrats to Elon and the entire Tesla team on this fantastic news!

Hell...congratulations to all of US too!!! We deserve it!

Dan

 

[jerry33]

Huh? How does that figure??? You think people won't replace ICE with EVs, rather just buy both?

What possible reason could they have to purchase both?