On the question of Tesla surviving a prolonged shutdown, not only do they have over $8B in the bank, in extremis if more were needed, Musk only has to snap his fingers to raise capital. We saw this just a few weeks ago when institutions lapped up the offering. How many other US automakers can say that?
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
mickificki
Member
Talk about groundhog day... Another discussion about the coronavirus vs. the flu got deleted. The next one who uses this thread to make that comparison will earn himself a vacation (not by plane).
The same goes for comparing death rates for the umptieth time. Stop it!
The same goes for comparing death rates for the umptieth time. Stop it!
Artful Dodger
"Neko no me"
Not only that, imagine a self-driving taxi: no driver to sneeze on you. And with Model S/X, bio-weapons grad HEPA filters to keep you safe.
It might be time, just in time.
The thought that tesla can use the shutdown to retool the production line and do maintenance etc. Or that they are going to produce ventilators is just redicilous.
People, Tesla is not shutting down because the are not allowed to make cars anymore; they are shutting down because people need to stay home! It doesn't matter what they were making: cookies, milk cans, cars... They had to shut down so people can stay home! So nothing will be done in the factory! No people means no production.!
People, Tesla is not shutting down because the are not allowed to make cars anymore; they are shutting down because people need to stay home! It doesn't matter what they were making: cookies, milk cans, cars... They had to shut down so people can stay home! So nothing will be done in the factory! No people means no production.!
His tweet sends a hopeful message. If the world follows the WHO recommendations, we can get this virus under control. I'm not as optimistic as Elon's tweet, but there is nothing bad at all about his tweet. Perhaps you should take a break from Twitter.
Each day that goes by I am more impressed (if that is possible) with Elon Musk. His offer to build ventilators is truly impressive, patriotic and magnanimous. He has stepped up to the plate on this pandemic, helped during the Puerto Rican hurricane disaster, Flint, MI water mess, the Thai Cave problem and, of course, global climate change.
I am more committed to this company, Tesla, and Elon's overall sentiment and goals than ever before.
It bothers me that some so-called Tesla fans seem to ride the market waves and swing trade up and down along with Tesla's up and down movements, rationalizing that they still support the overall goal of Tesla. Of course, it is your prerogative to do so; after all, this is a capitalistic society - more power to you. But, if you are going to do so, throw out a disclaimer - hey, I am shorting TSLA now during this downtrend, because I want to make money for myself, even though I support the company overall and like its long-term goals. It would be more tasteful and transparent, though certainly not required on this forum.
I am more committed to this company, Tesla, and Elon's overall sentiment and goals than ever before.
It bothers me that some so-called Tesla fans seem to ride the market waves and swing trade up and down along with Tesla's up and down movements, rationalizing that they still support the overall goal of Tesla. Of course, it is your prerogative to do so; after all, this is a capitalistic society - more power to you. But, if you are going to do so, throw out a disclaimer - hey, I am shorting TSLA now during this downtrend, because I want to make money for myself, even though I support the company overall and like its long-term goals. It would be more tasteful and transparent, though certainly not required on this forum.
I think when you downplay the risks of the virus to a group of people that are resistant to adopting the policies that would minimize the risks, it leads to a bad conclusion.
Elon should speak to things he knows about. He isn't Dr. Fauci
'
If they are going to make ventilators that is an essential industry... and they can always do that somewhere where there is no shutdown.
They have 3 US factories that may be suitable, I think it is likely to be a small volume mainly manual process using components coming out of their existing factories..
They may only need a warehouse for the assembly, but they need to make or import the components.
EDIT:: Why am I suspecting my post may be the last one standing in this last group of posts.... guys the wrath of the mods is coming...
Artful Dodger
"Neko no me"
After-action Report: Thu, Mar 19, 2020: (Full-Day's Trading)
Comment: "Jonas Upgrades, TSLA bounces; A/Hrs: Fremont to close vehicle production."
VWAP: $413.61
Volume: 30,191,288
Traded: $12,487,430,421.36 ($12.87 B)
Closing SP / VWAP: 103.29%
(TSLA closed ABOVE today's Avg SP)
Volume: 30,191,288
Traded: $12,487,430,421.36 ($12.87 B)
Closing SP / VWAP: 103.29%
(TSLA closed ABOVE today's Avg SP)
Comment: "Jonas Upgrades, TSLA bounces; A/Hrs: Fremont to close vehicle production."
Yeah the problem with Shanghai is they are likely still relying on some parts from Fremont. This was from December 31:
The Global Times also reported that 70 percent of parts for the Chinese-made Model 3s are sourced outside of China, the Gigafactory will source 100 percent of its products from China by the end of 2020.
Tesla Shanghai Gigafactory Is Now Producing 1,000 Model 3 Vehicles a Week, Report Says
Teslarati refers to this in this March 10 article that Shanghai is producing more parts but apparently not all they need yet Tesla Giga Shanghai raises parts production capacity amid China-made Model 3 ramp
Hopefully Giga1 can pump all those cells into powerwalls and megapacks to pick up some slack.
The point is that $8B is going to last long enough to get Shanghai fully ramped, get Berlin online, get Fremont back online and have Giga-somewhere-central-US in progress....
Managing the economic downturn may impact short term earnings over the next 1-2 years, and perhaps the pace of expansion, we will learn more in the earnings call.
Yes these are uncertain times but $8B should last up to 16 quarters or 4 years with careful management and a moderate amount of luck.
You're right! My memory failed me. But not completely wrong. The FSLIC backed the savings and loans, and the FDIC took over its role after the S&L crisis. https://www.fdic.gov/bank/historical/history/167_188.pdf
tinm
2020 Model S LR+ Owner
But there’s a catch. All 50 states’ Medical Equipment Manufacturing Monolpoly Associations will of course enforce protectionist laws to block Tesla from selling or servicing such ventilators or even offering test-breathes. So Tesla will have 10 years of state legislative battles to deal with.
We are not in the same environment as a few weeks ago. I was also always comfortable that if Elon needed a BILLION or TWO he could get that in silcon valley thorough his friends...I don't think that is true either at this time.
I'm wondering if we will see someone like Apple, the Saudis, etc try a hostile take over or try to buy partial ownership if the current situation expands into several months.
Agreed and where is Dr. Fuci lately? I haven't seen him at the last two daily updates.
MartinAustin
Active Member
PLEASE.... just DELETE posts you don't like. You are not obliged to move them politely to some other place. People who post stuff here know what they're supposed to be doing. They know this is a private, amateur-moderated forum that is free to use, comes with self-governing rules and is not free speech.
Please delete:
1) huge pointless GIFs, memes & jokes that take a lot of time to scroll past
2) small pointless GIFs, memes & jokes that take a lot of time to scroll past
3) anything about 420, tree-fiddy, all that crap
4) coronavirus debates
5) respirator debates
6) anything you see fit that enables us to get to the TSLA stock price conversation faster. Thanks!
Stop begging... hostile take over, in this environment? Give me a break.
I saw 18% gain today. Keep shorting, bud.
I saw 18% gain today. Keep shorting, bud.
With the numbers sky rocketing NYC, are we likely to see a complete shutdown of the market sooner or later? I welcome it so I don't have to look at the sp anymore during this stressful time, but I guess its terrible for stock prices when compared to the other times wallstreet shut down like post 911.
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