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

[Robertj]

I have just read another load of *sugar* from Washington Post

Same guy, says employees worried they are at risk , fails to quote Musks email to staff concerned to stay
away
So called reporter

Faiz Siddiqui

https://www.washingtonpost.com/technology/2020/05/11/musk-tesla-factory/

last time I cancelled my subscription, might have to do it again , click bait

 

[izemize]

After reading the comments on Ars, I think this is not working as well...
Musk dares county officials to arrest him as he reopens Fremont factory

 

[Khamul]

After reading the comments on Ars, I think this is not working as well...
Musk dares county officials to arrest him as he reopens Fremont factory

So I haven't read the article or the comments, but that's because all articles and comments on Ars that concerns Tesla are complete and utter garbage. When I have read their Tesla articles, years ago, 90% of the comments were negative. It's bizarre, but nothing new.

A real shame too. I'd subscribe to Ars if not for their Tesla "coverage".

 

[Reductionist]

After reading the comments on Ars, I think this is not working as well...
Musk dares county officials to arrest him as he reopens Fremont factory

The comment section on Ars is always pretty critical of Musk under articles on Tesla, this isn't anything new. Funnily enough it's the opposite under articles on SpaceX. The comment sections under different article categories are just heavily isolated bubbles from my experience, so I wouldn't read too much into this.

EDIT: Khamul is right, their reporting on Tesla isn't good in general, which attracts a certain kind of readership. I mean, even the headline of this article is flat out wrong!

 

[izemize]

The comment section on Ars is always pretty critical of Musk under articles on Tesla, this isn't anything new. Funnily enough it's the opposite under articles on SpaceX. The comment sections under different article categories are just heavily isolated bubbles from my experience, so I wouldn't read too much into this.

EDIT: Khamul is right, their reporting on Tesla isn't good in general, which attracts a certain kind of readership. I mean, even the headline of this article is flat out wrong!

If the comments under an Ars article are critical, how do you think Main Street feels about Tesla? Go and read those comments. It's not CNBC or Bloomberg. It's Ars.

 

[bhtooefr]

Actually made at the National level (by DHS) as one of the 16 critical infrastructure industries.

Critical Infrastructure Sectors | CISA

To be fair, a lot of bodies - including CISA themselves - have been grossly misapplying the CISA guidance during this pandemic, IMO.

As far as I can tell, the CISA guidance was really written to determine the highest priority locations to defend against terrorist attack, not how to manage a pandemic.

I mean, I'm just going to quote the subsectors of the Commercial Facilities Sector:

• Entertainment and Media (e.g., motion picture studios, broadcast media).
• Gaming (e.g., casinos).
• Lodging (e.g., hotels, motels, conference centers).
• Outdoor Events (e.g., theme and amusement parks, fairs, campgrounds, parades).
• Public Assembly (e.g., arenas, stadiums, aquariums, zoos, museums, convention centers).
• Real Estate (e.g., office and apartment buildings, condominiums, mixed use facilities, self-storage).
• Retail (e.g., retail centers and districts, shopping malls).
• Sports Leagues (e.g., professional sports leagues and federations).

Ignoring the real estate sector, and some of the retail sector, most of that was actually closed despite CISA classifying it as "critical infrastructure", and despite GameStop trying to call themselves critical based on that guidance.

 

[Reductionist]

Alameda case has been assigned to a judge. Scheduling order to be filed in the next two days.
https://www.courtlistener.com/docket/17144713/tesla-incorporated-v-county-of-alameda/

 

[LN1_Casey]

Alameda case has been assigned to a judge. Scheduling order to be filed in the next two days.
https://www.courtlistener.com/docket/17144713/tesla-incorporated-v-county-of-alameda/View attachment 540992

I wouldn't be surprised if this case has been put on a fast track for scheduling, since it is such a high visibility one.

 

[LN1_Casey]

Just saw this post in the Hawaii subthread.

Powerwall 2 Installs in Hawaii

Member was contacted by Tesla about switching their Model Y order for a deal on a Model 3, and not a shabby deal either. $35k for an in stock Model 3, which from my stalkings of Honolulu's inventory, is at least 5k (lowest listed is 39.9k).

Seems like Tesla is already starting to press for EOQ sales. Smart, with the limited abilities of deliveries that they can do with the contactless system.

 

[Tslynk67]

When the dust settles it's interesting to see whether Fremont produces US or EU variant. On the one hand, European FCA credits greatly improve automotive gross margin as seen in Q1 results. On the other hand, there is still plenty of inventory left in Europe. Order backlog must be stronger in US and China compared to EU.

Current M3 inventory situation in Europe according to tesla.com:

Belgium: inventory left
Denmark: inventory left
Spain: inventory left
France: inventory left
UK: inventory left
Ireland: inventory left
Luxembourg: inventory left
The Netherlands: inventory left
Austria: inventory left
Portugal: inventory left
Switzerland: inventory left
Sweden: inventory left
Finland: inventory left

Czech Republic: SOLD OUT
Germany: SOLD OUT
Iceland: SOLD OUT
Italy: SOLD OUT
Norway: SOLD OUT

Probably a couple of car carriers would be enough for this Q.

I see 3 M3's in Belgium and one 2nd hand (which appears to be as expensive as the new ones )

Meanwhile, Elon's definitely tapped the zeitgeist here with nearly 420k likes...

 

[vikings123]

Just saw this post in the Hawaii subthread.

Powerwall 2 Installs in Hawaii

Member was contacted by Tesla about switching their Model Y order for a deal on a Model 3, and not a shabby deal either. $35k for an in stock Model 3, which from my stalkings of Honolulu's inventory, is at least 5k (lowest listed is 39.9k).

Seems like Tesla is already starting to press for EOQ sales. Smart, with the limited abilities of deliveries that they can do with the contactless system.

The post you linked says “Standard range”. 35K is the normal price for a standard range so I don’t think it’s correct to say that it’s a 5K discount.

 

[MartinAustin]

Pre-market quickly levitated to $820. Optimistic today will be a green day.

 

[jerry33]

Is there a chance of spreading the virus at Fremont? Of course there is. But I think that the procedures keep that possibility low. I went to the grocery today. Some people without masks. Some with masks on, but not covering their noses. Social distancing a joke. I would feel 100x safer in the Fremont Plant than I did at that grocery! At least at the plant everybody is playing by the same playbook and there is some level of enforcement of the rules.

FWIW, here the grocery stores and Costco are enforcing wearing masks (and I think wearing them properly because all I see is people with masks covering nose and mouth). Perhaps people are just more concerned here (even though the stereotype suggests otherwise).

 

[junas]

I thought factory re-opening was somewhat priced in, but pre-market disagrees. I've a feeling we might visit 900s quite soon if macros remain positive.

 

[SO16]

While Tesla can say that other manufactures have been given permission to open*, it's also not lost on people that Tesla isn't the only "essential auto manufacturing" company that had to close to begin with.

*The Fox KTVU2 news report (Tesla restarts factory in defiance of shelter-in-place rules) said something in the video portion that I hadn't heard and not sure was accurate--that the other manufacturers haven't started production yet. Anyone know if Detroit or other manufacturer locations are up and running now?

The other automakers are CHOOSING to wait until the 18th because of their suppliers. All manufacturing could open yesterday. Their suppliers did.

Michigan reopens manufacturing today -- with some big changes

 

[jerry33]

I assume once there is a factory in Texas, the law in Texas will not stop people in Texas, buying cars/trucks made in Texas, by a company with a HQ in Texas.

It doesn't stop them now, other than those who are uninformed about how little inconvenience the restrictions actually provide. Whether the restrictions will be lifted is another question. It basically depends on who gives the most money to the legislators. They don't do anything they are not paid handsomely to do. They certainly have little care about what their constituents want unless there is a huge outcry among their base.

 

[jerry33]

usually HR departments will help you

Where might these HR departments be? Fantasy land? Usually contacting HR is equivalent to a drumhead trial. Your days are likely to be numbered.

 

[pnungesser]

FWIW, here the grocery stores and Costco are enforcing wearing masks (and I think wearing them properly because all I see is people with masks covering nose and mouth). Perhaps people are just more concerned here (even though the stereotype suggests otherwise).

It was an Atlanta Costco that I was in.

 

[dgodfrey]

It is going to be a good week to be a Tesla shareholder.
Never been more proud of the leadership.

 

[jerry33]

State Legislature doesn't reconvene until January.

I believe one of the items on their list is reintroducing the $2000 annual EV tax to pay for "road damage". Even though ICE drivers only pay $73 average in gas taxes. We barely avoided that during the previous legislative session.