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

[RobStark]

I am kinda thinking it will be part of the terms Elon demanded in order to build in Texas.

Elon, to Texas Governor: "You want 25,000 new jobs in this state? You have to let me sell a Texas-built product in Texas.
Texas Governor: Yes sir, consider it done.

You forgot

Elon to Gov Abbott "We will move 5k Californians to Texas to vote against you and your Republican legislators at the next election and help turn Texas Blue"

 

[AZRI11]

Spoke with someone who works at Tesla (started in 2013) model Y has quality issues. Safe to drive, but most have to have rear hatch realigned, paint problems as well. Tesla Fremont is aware and it has gotten a little better. Good news is Model X issues have been resolved (very few complaints from delivery centers). Most of the Y's have to be sent to a certified body shop to fix bad paint (same as Model 3 launch ) And, of course everyone who I met that works for Tesla is buying the cybrtrck. One of the Tesla employees worked at a wall street firm, only to quit to help with "the mission". He recommended solar panels over solar roof (I didn't ask why) and he has no idea on battery day. He's sells "some" shares at every peak, and buys the dip. He looks exactly like a typical CNBC panelist. He's never doubted Tesla. Almost forgot to tell what pushed him over the edge to quit WS (besides the mission), he bought a 2013 Model S.

 

[Prunesquallor]

You forgot

Elon to Gov Abbott "We will move 5k Californians to Texas to vote against you and your Republican legislators at the next election and help turn Texas Blue"

LOL. 5k more Democrats in Austin would be a drop in the bucket.

 

[M|S|M MYP]

Spoke with someone who works at Tesla (started in 2013) model Y has quality issues. Safe to drive, but most have to have rear hatch realigned, paint problems as well. Tesla Fremont is aware and it has gotten a little better. Good news is Model X issues have been resolved (very few complaints from delivery centers). Most of the Y's have to be sent to a certified body shop to fix bad paint (same as Model 3 launch ) And, of course everyone who I met that works for Tesla is buying the cybrtrck. One of the Tesla employees worked at a wall street firm, only to quit to help with "the mission". He recommended solar panels over solar roof (I didn't ask why) and he has no idea on battery day. He's sells "some" shares at every peak, and buys the dip. He looks exactly like a typical CNBC panelist. He's never doubted Tesla. Almost forgot to tell what pushed him over the edge to quit WS (besides the mission), he bought a 2013 Model S.

Did you tell him this is the last week for him to get shares 'under' 4 digits?

 

[mickificki]

Spoke with someone who works at Tesla (started in 2013) model Y has quality issues. Safe to drive, but most have to have rear hatch realigned, paint problems as well. Tesla Fremont is aware and it has gotten a little better. Good news is Model X issues have been resolved (very few complaints from delivery centers). Most of the Y's have to be sent to a certified body shop to fix bad paint (same as Model 3 launch ) And, of course everyone who I met that works for Tesla is buying the cybrtrck. One of the Tesla employees worked at a wall street firm, only to quit to help with "the mission". He recommended solar panels over solar roof (I didn't ask why) and he has no idea on battery day. He's sells "some" shares at every peak, and buys the dip. He looks exactly like a typical CNBC panelist. He's never doubted Tesla. Almost forgot to tell what pushed him over the edge to quit WS (besides the mission), he bought a 2013 Model S.

Didn't Tesla promote the head of the paint shop to head of production at Fremont? hmm...

 

[StealthP3D]

quick pick a side three digits or four?

Right hand: represents the better part of this decade
Left hand: represents the end of this decade and forward

 

[Tim S]

Spoke with someone who works at Tesla (started in 2013) model Y has quality issues. Safe to drive, but most have to have rear hatch realigned, paint problems as well. Tesla Fremont is aware and it has gotten a little better. Good news is Model X issues have been resolved (very few complaints from delivery centers). Most of the Y's have to be sent to a certified body shop to fix bad paint (same as Model 3 launch ) And, of course everyone who I met that works for Tesla is buying the cybrtrck. One of the Tesla employees worked at a wall street firm, only to quit to help with "the mission". He recommended solar panels over solar roof (I didn't ask why) and he has no idea on battery day. He's sells "some" shares at every peak, and buys the dip. He looks exactly like a typical CNBC panelist. He's never doubted Tesla. Almost forgot to tell what pushed him over the edge to quit WS (besides the mission), he bought a 2013 Model S.

I assume by "most", you mean "most of the small percentage of Model Ys that have issues".

 

[AZRI11]

Did you tell him this is the last week for him to get shares 'under' 4 digits?

On more thing. He said only way for a Texas factory to happen is if they allow Tesla the right to sell their cars. I told him the state legislature isn't scheduled to meet (until next year?) He said no license to sell, no factory.

 

[Prunesquallor]

On more thing. He said only way for a Texas factory to happen is if they allow Tesla the right to sell their cars. I told him the state legislature isn't scheduled to meet (until next year?) He said no license to sell, no factory.

All it takes:

 

[StealthP3D]

Electrek - half hour ago: Tesla Cybertruck is making display debut at the Petersen Automotive Museum - Electrek

Excellent! While I won't be driving through three Western sized states to see it, it does provide renewed hope that production is not delayed. One change I'm looking forward to seeing is the "crease" in the center of the truck is reportedly a bit more level. I think this will look fantastic!

Also, an automotive museum? When will they display it at a modern art museum?

 

[Krugerrand]

Last time i checked $11k = $11k......whether there was a dead body or not

True dat.

I just wanted to know how he’d ‘found’ 11k so that I could go look for some myself.

 

[StealthP3D]

On more thing. He said only way for a Texas factory to happen is if they allow Tesla the right to sell their cars. I told him the state legislature isn't scheduled to meet (until next year?) He said no license to sell, no factory.

What's his position?

I disagree that he knows what he's talking about (most employees at most large companies don't know squat). He's probably a low-level production manager or paper pusher. No way would Tesla hold up factory construction until next year, especially not for a measly license to sell legally in Texas. Some people have a not so hidden need to make themselves appear more important than they really are.

 

[M|S|M MYP]

True dat.

I just wanted to know how he’d ‘found’ 11k so that I could go look for some myself.

I look everyday...haven't found anything yet...let me know if you are successful!

 

[Artful Dodger]

The future is difficult to see but this isn't my first rodeo.

'When 900 yrs old you are, prognosticate this well you won't.'

Cheers!

 

[AZRI11]

Didn't Tesla promote the head of the paint shop to head of production at Fremont? hmm...

Talked about so many things, he also mentioned California environmental rules as an issue. I say hire the guy Sandy Munro keeps talking about (i forgot to mention Munro's recommendation)

 

[M|S|M MYP]

Museum display seems like a waste of a good working prototype. Maybe they should get a Nikola instead.

As long as they trail it and not attempt to drive the Nikola there.......BAM!

 

[JustSaying]

LOL
I would estimate that 9 out of 10 Certified Public Accountants do not understand Deferred Taxes.
It's difficult to understand and most CPAs do not work in this area.

Here is a simple way to look at it.
View attachment 553129

On the schedule above, when a company has losses of $7B, they could record $1.95B in Tax Income because these losses will offset what they have to pay in the future. The $7B in losses offsets the $7B in Income.

This is what Tesla did:
View attachment 553133

Since Tesla did not record the $1.95B tax income in years 1-16, they will be able to recognize it in the future years.
It is possible they will record it all in one year or over a few years. Once the auditors are comforable that Tesla can show pre-tax income on an Annual basis, they will bring some or all of the $1.95B to the Income Statement. It counts as GAAP income.

Nope.

I understand deferred. I understand what Tesla did. I do not understand ‘tax income’. When is tax ever ‘income’? Is this reference to ‘collecting’ tax on each car? So they ‘collected’ 1.95B in taxes from car/solar/product sales that they have not yet paid to the state and country (Fed)?

Deferred Taxes isn't that a place outside of Austin?

 

[Artful Dodger]

Is there anything else? PHEW.

Yeah, T.E. doubles the size of the business due to automotive alone.

Cheers!

 

[Nocturnal]

Well, if they do pick Austin then I can visit the factory and have an excuse to eat at Torchy's.

Also, today's TSLA action

 

[RobStark]

LOL. 5k more Democrats in Austin would be a drop in the bucket.

Travis County(where GF Austin would be located) has 3 Republican State Senators and 2 Democrat State Senators.

Residents of Travis County also vote for Statewide officials.