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Waiting for the other shoe to drop! Will he announce a new factory this week? I hope next week to maintain steady pressure up to 1200.Wow, floored about the sketchy email being legit. I mean, I suppose Overlord Musk really is keeping the next GF location close to chest then! “Other states” indeed.
Maybe Elon will start a SC for ICE vehicles ...... NOT!When the ICE companies go bankrupt, who will perform service?
Waiting for the other shoe to drop! Will he announce a new factory this week? I hope next week to maintain steady pressure up to 1200.
ALL of those are good numbers...but not backed by the same reason... cars were undependable and building them was rocket science compared to how horses were produced.
BEVs are less complicated than ICE cars ..and more dependable already(?)
Short sellers suffered through 12 years of losses waiting for a recession, and most of them just lost even more money. I think short selling is about to become extremely unpopular, hugely benefiting TSLA.
When the ICE companies go bankrupt, who will perform service?
I think we can pretty much write off the entire automotive industry at this point. Six months ago I thought VW still had a shot at capturing large EV market share alongside Tesla with the ID.3 and ID.4, but those are turning out to be a disaster. Furthermore, VW appears to now be turning against Diess, the only executive in the automotive industry who seemed to understand the reality of the situation, and the world is left with the likes of Mary Barra making statements like this...
Looks like at best we're going to have to wait another 3, 4, 5 years for the next generation of EVs from traditional auto, that maybe will be serious enough of an effort to sell hundreds of thousands per year. But Tesla will already be selling millions of vehicles per year at that point. And investments into those programs would have to be made now, while a lot of OEMs are struggling due to the COVID-19 crisis.
It really seems like Tesla will just end up with Apple iPhone like market share, and perhaps also margins, in the automotive industry. And by Apple iPhone like market share, I'm referring to their near 50% market share from a few years ago, not their current ~20% market share. With Diess seemingly on his way out, nobody besides Tesla even seems to be interested in mass manufacturing and selling EVs, let alone have the capability to do so. I just don't see anyone else who will be able to sell 10M+ EVs per year by 2030 other than Tesla. Hell, at this point I'm not even sure if anyone other than Tesla can sell 10M+ cumulative EVs by 2030.
I don't think comparing the smart phone market to the automotive market is a good way to look at Tesla's potential value, but with that in mind let's make the comparison anyway. The smart phone market may be ~15x larger than the automotive market (1.5B vs 100M), the ASP of a car is about 50x that of an Apple iPhone (~$40k vs ~$800), and about 80x that of the average smart phone (~$40k vs ~$500). So the automotive market Tesla is going after is about 3-5x the size of the smart phone market Apple went after.
It's a lot of thing. But à la style du film "Big short":
Imagine a scene where Steve Carell sits down in a booth to interview a stripper who bought NKLA options on Robinhood with their COVID check.
Then he make this face after finding out the details:
This would be a good moment to bury the hatchet and for @factchecking and @KarenRei to return to the fold...
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Well they did have a bunch of downtime at Fremont recently while GigaNevada was still running, so maybe they built enough of a stockpile of cells to be able to start making Semis.
Was any action taken on the MOD who caused it? (Just asking)
Tell that to basically everyone not-tesla struggling to make a decent EV.
Tell that to VW piling up tens of thousands of cars in parking lots because they don't know how software works.
To most legacy companies this is rocket science.
And you're gonna need a lot more than only Tesla if you want to be producing 80 million new EVs a year in a mere decade.