Indeed. A million cars here, a million cars there, soon you’re talking real numbers.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Indeed. A million cars here, a million cars there, soon you’re talking real numbers.
A lot of people think the 'drag' on the valuation is based on what they see as his payday. This is not correct. The payout has been hedged and does not work in a straightforward manner. Yes, there could be an accounting for it, but it is not as big a deal as many people make it out to be.
As long as there's accounting for it, then it's locked and cannot be used for expansion correct?
How so? These are shares issued from treasury (ie, not available for sale on open market). Unless you mean they could instead sell them through a capital raise.
Some people want the opulence that such a car brings - although it has way too many buttons, you can see the seats are gorgeous, the switchgear in metal, etc., very fancy. I would also imagine that it's a silent as can be on the road with amazing ride quality. And the fancy interior lighting (I would like that in my Tesla, actually)...
Tesla doesn't offer this, they're not into luxury interiors, but it's a bit of a niche market anyway, a bit the same demographic as Porsche.
When that Merc was pulling out of the parking space, looked like it had rear-wheel steering, no? That's neat.
@H Mak ,How can I made MY sofa and end table float like that?Sitting on my sofa with a nice beer looking at my driveway in the happy knowledge that this car is one of of the 139,300
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bkp_duke
Well-Known Member
Good compromise is to buy a Model S/X and then pay a 3rd party to spruce up the interior, if you are into that kind of thing.
In my understanding all his compensation is shares or share options, no cash. So I do not see how that is a drag on financials. They just issue some new shares to him, that means some dilution for shareholders, but no expense for the company. Am I wrong in this understanding ?
GAAP financials show option and share compensation as expense. Yes, they are mixing balance sheet and P/L items, but that's been the rule for around 20 years now. They did it as a response to all those high flying dotcom stocks in 1990's. Old line companies that didn't issue stock options complained that tech growth companies were able to pay their employees less in expensed cash due to stock options and thus their financials looked better than they should (which is funny, because growth company financials look terrible however you slice it).
dhrivnak
Active Member
To be fair we just got a RAV4 Prime and I must say It’s lane keeping and its dynamic cruise are much better than enhanced autopilot In my Model 3. Just today the Model 3 had three phantom braking events on particularly bad.
It is my understanding that Elon has to buy the shares (whichever will do by borrowing money from the bank like he does now, with the purchased shares as a collateral). The purchase price is way under the current stock price, so we suffer from the dilution but Tesla as a company will gain money.
(But what do I know.)
Just curious, does the Rav 4 predict any lane merging and brake accordingly to allow those cars in?
dhrivnak
Active Member
Not sure yet as I only have 700 miles seat time. But definitely smoother than Tesla.
Chicago Tribune - yesterday: Auto industry rebounding, but it’s slim pickings at Chicago-area new car dealerships
Don TLR
Active Member
Lewis is big on EV’s and good to see people in his position promote them so much.
A man with that much cash in the bank can afford to own any car in the world and Hamilton owns quite a few. According to Autoblog, his garages is stuffed full of exotic cars like a Ferrari LaFerrari, a Pagani Zonda, a McLaren P1, and an original Shelby Cobra from the 1960s. But he tells Autoblog, “I don’t drive any of the cars that I own anymore. I only drive my (electric Mercedes) EQC.”
“Hamilton says he is doing his best to lead an environmentally friendly lifestyle. He is s vegan who insists on being transported to and from airports in electric vehicles. He has also sold his private jet aircraft.”
Lewis Hamilton Is Driving The Transition To Electric Cars
Reductionist
Member
Some really nice aerial shots of Giga Berlin from today, courtesy of @gigafactory_4.
The rate of progress has honestly really surprised me; way beyond what I would have expected in Germany.
See this and this google photos album for regular updates - highly recommended!
The rate of progress has honestly really surprised me; way beyond what I would have expected in Germany.
See this and this google photos album for regular updates - highly recommended!
CLK350
Member
Not sure about ETrade, but I tried moving from Schwab to IBKR earlier this year - IBKR kept saying there is a problem on Schwab side, Schwab saying there is a problem on IBKR side. I had opened positions w/ some cash to expedite the process, wasn't of any help (*).
Meantime I found out more about the IBKR platform etc. It is great for pro traders who trade all kinds of instruments in multiple countries, and it charges only 2% on margin loans. Their trade execution seems more sophisticated too. I also liked the fact that it is the last broker that is independent (vs affiliated w/ one of the mega banks).
HOWEVER, as I hold moslty TSLA (90%), I got margin call warnings waaay too early (forgot the details, but way earlier than at Schwab with similar TSLA concentration). That's because IBKR uses a special algo to determine the volatility of your holdings, and of course with TSLA it doesn't help.
Their support is only via their robot, the other voice I wasn't ever able to reach. At Schwab however you do get personal assistance that can be escalated if need be. Unfortunately their margin loans are at 8%.
In the end I decided not to bother moving, keeping the IBKR as a test bed to compare prices.
(*) FWIW I recall reading somewhere here one member getting a large friendly cash loan in order to move accounts without fuss.
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