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

[StealthP3D]

Very cool.

JPMorgan announces big moves to support environment, including ending loans to coal industry

Key points:

• Consultants for JPMorgan Chase indicated a significant risk of widespread bankruptcies in the coal industry and high-cost oil production going forward.
• JPMorgan said it will put restrictions on financing new coal-fired power plants, phase out “credit exposure” to the industry by 2024 and will stop funding new oil and gas drilling projects in the Arctic. They hope to boost their ESG credibility by announcing this change is out of the goodness of their heart and their undying dedication to environmental issues.

 

[ammulder]

I did not know accounting could be so frontline battlefield. It may be more interesting than I first imagined. Not really, but wanted to throw you a bone.

Who but an account would actually add up all the person-hours spent in the meetings and pre-meetings and debrief meetings and retrospectives...?

 

[ZachF]

Very cool.

JPMorgan announces big moves to support environment, including ending loans to coal industry

Key points:

• JPMorgan Chase announced a pledge to facilitate $200 billion in environmental and economic development deals and will pull back from advising and lending to the coal-mining industry.
• Apart from helping to fund new climate and economic inclusion projects around the world, the bank said it was taking new steps to accelerate the transition to clean energy.
• On top of stepping back from advising companies that get most of their revenue from coal extraction, JPMorgan said it will put restrictions on financing new coal-fired power plants, phase out “credit exposure” to the industry by 2024 and will stop funding new oil and gas drilling projects in the Arctic.

Good, but let's be honest... JPM is just putting a moralistic spin on what is the best strategy to make money going forward as the fossil era ends. It just happens to be the case that the right thing to do now obviously lines up with the profitable thing to do.

JPM is not declining loans to coal companies out of the goodness of their heart, they're declining loans to coal companies because they are all zombies and dropping like flies.

 

[JRP3]

Of course it will, I sold some shares yesterday at $856 You're all welcome.

Hello old shares, bought you back today at $813. I'm a genius.

 

[Christine69420]

Tesla superchargers are no longer free, so it could open its superchargers of any owners of competing EV-s if it wanted. Chargepoint, etc. has no contract with car manufacturers either. It has contracts with car owners.

Don't think Tesla wants to any more.

In Norwegian EV fora the Superchargers is a very good selling point when people choose their new EV car. So very good marketing for Tesla.

Years ago when Tesla offered other car makers to buy into the Supercharger it made sense. Now the number of chargers have exploded and to buy in would be very expensive. Much less costly for VW & others to offer a subscription to ie. the Ionity network.

Tesla would have to let others in for a discount. Or for a small charge over what Tesla cars pay for charging. It would be too little income to justify the loss of the SuC marketing effect and the extra hassle for existing Tesla cars having to wait in line after other brands.

...Just my 28 cents worth

 

[shootformoon]

No they are super smart. If tsla people realize how competent Boeing people are by direct cooperation, they might want to invade air market sooner.

Anybody remember when Boeing snickered at Tesla’s offer to assist with their Li battery issues on the B787?

Pride cometh before the fall...

Fire Away!
(It’s the batteries, Stupid!)

 

[Nocturnal]

Good, but let's be honest... JPM is just putting a moralistic spin on what is the best strategy to make money going forward as the fossil era ends. It just happens to be the case that the right thing to do now obviously lines up with the profitable thing to do.

JPM is not declining loans to coal companies out of the goodness of their heart, they're declining loans to coal companies because they are all zombies and dropping like flies.

For sure, but I'll take it.

Key points:

• Consultants for JPMorgan Chase indicated a significant risk of widespread bankruptcies in the coal industry and high-cost oil production going forward.
• JPMorgan said it will put restrictions on financing new coal-fired power plants, phase out “credit exposure” to the industry by 2024 and will stop funding new oil and gas drilling projects in the Arctic. They hope to boost their ESG credibility by announcing this change is out of the goodness of their heart and their undying dedication to environmental issues.

​

I'm not surprised at all by the last one. Any company building coal plants right now is incredibly short sighted. ​

 

[MarcusMaximus]

Big push down to $810, synchronized with a macro drop - I suspect the shorts are expecting a FUD-fest around the NHTSA "press briefing" about AutoPilot and the mobile-gaming-while-on-Autopilot crash case later today?

I hope there's going to be a few friendly journalists at the press conference as well, asking the NHTSA board a few probing questions, like:

• Why is the NHTSA in the business of second guessing engineering decisions of the safest U.S.-made car in existence?
• Why is there a statistically disproportionate investigations of Tesla accidents?
• Does the NHTSA board know about the incident back in December, when a short seller submitted a mostly bogus "complaint" about "sudden unintended acceleration", with the possible goal to engineer a drop in the share price of Tesla?
• Does the increased frequency of bogus complaints filed to the NHTSA with fake VIN's influence the NHTSA's decision making process about which manufacturers to investigate?
  
• What will the NHTSA do with owners cars made by other manufacturers playing mobile games while driving?

I think the briefing is by the NTSB, an advisory board, not the NHTSA.

 

[jerry33]

How on earth do they decide on spaces vs tabs?

Fixed length fields.

 

[StealthP3D]

Tesla would have to let others in for a discount. Or for a small charge over what Tesla cars pay for charging. It would be too little income to justify the loss of the SuC marketing effect and the extra hassle for existing Tesla cars having to wait in line after other brands.

Tesla would not let another brand on the network unless they agreed to fund new Superchargers in sufficient numbers to completely mitigate their impact on the network. It can be a win/win because the newcomer gets the benefit of widespread coverage from the beginning.

 

[Rashomon]

Don't think Tesla wants to any more.

In Norwegian EV fora the Superchargers is a very good selling point when people choose their new EV car. So very good marketing for Tesla.

Years ago when Tesla offered other car makers to buy into the Supercharger it made sense. Now the number of chargers have exploded and to buy in would be very expensive. Much less costly for VW & others to offer a subscription to ie. the Ionity network.

Tesla would have to let others in for a discount. Or for a small charge over what Tesla cars pay for charging. It would be too little income to justify the loss of the SuC marketing effect and the extra hassle for existing Tesla cars having to wait in line after other brands.

...Just my 28 cents worth

There is no reason to let another major automaker into the Supercharger network until charging networks are largely a commodity, and not a competitive advantage, something that we're unlikely to see until past 2024 or even later. Now if Ferrari or some other small exotic maker wanted to join that added luster to the Tesla brand, that might still be possible, but unlikely.

 

[TheTalkingMule]

Key points:

• Consultants for JPMorgan Chase indicated a significant risk of widespread bankruptcies in the coal industry and high-cost oil production going forward.
• JPMorgan said it will put restrictions on financing new coal-fired power plants, phase out “credit exposure” to the industry by 2024 and will stop funding new oil and gas drilling projects in the Arctic. They hope to boost their ESG credibility by announcing this change is out of the goodness of their heart and their undying dedication to environmental issues.

Basically...... we're not going to invest in things that are clearly not longer profitable. Great.

University of Pennsylvania did the same this a few weeks ago in response to student pressure to divest from fossil fuels, they announced they'd no longer invest in coal. Great.

How exactly does one even invest in coal in 2020? Penny stocks of formerly $50B companies?

 

[vikings123]

what time is the briefing?

"The NTSB issued recommendations after other Tesla Autopilot crashes and planned to reiterate some of the guidance. Tesla did not respond to requests for comment. The NTSB and NHTSA did not comment ahead of the 1 p.m. meeting."

NTSB plans new safety guidelines in probe of Tesla Autopilot crash

 

[StealthP3D]

How on earth do they decide on spaces vs tabs?

They would designate a sudden-death Rock, Paper, Scissors tournament. Obviously.

 

[Tslynk67]

Buyers are waiting for $799

Well that aged well

 

[Nocturnal]

I really wasn't planning on buying more but $791?

Edit, 10 more at $796. Sigh.

 

[DFibRL8R]

whoa $794, time to burn some dry powder methinks

 

[Tslynk67]

Big push down to $810, synchronized with a macro drop - I suspect the shorts are expecting a FUD-fest around the NHTSA "press briefing" about AutoPilot and the mobile-gaming-while-on-Autopilot crash case later today?

I hope there's going to be a few friendly journalists at the press conference as well, asking the NHTSA board a few probing questions, like:

• Why is the NHTSA in the business of second guessing engineering decisions of the safest U.S.-made car in existence?
• Why is there a statistically disproportionate investigations of Tesla accidents?
• Does the NHTSA board know about the incident back in December, when a short seller submitted a mostly bogus "complaint" about "sudden unintended acceleration", with the possible goal to engineer a drop in the share price of Tesla?
• Does the increased frequency of bogus complaints filed to the NHTSA with fake VIN's influence the NHTSA's decision making process about which manufacturers to investigate?
  
• What will the NHTSA do with owners cars made by other manufacturers playing mobile games while driving?

Indeed, the fact is that a driver fiddling around on their phone is far safer doing do while driving a Tesla with AP engaged than any other car.

Of course no-one should be doing so whilst driving, full stop, but that's not the point here.

 

[AlexS]

Shorts piling on as the market turns negative, perfect opportunity for them. We need major news from Tesla.

Just try to buy this dip, it is scary, but this is how it is usually have to be done.

 

[Dangerous Fish]

Just bought another 24