Favguy
Member
Yes!!! Lowest $5.45. (That could be a few cents out, as its from memory) highest $795.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
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Favguy
Member
Local here:I wonder what the locals on the forum think about this:
Tesla is on a collision course with Germany's biggest union and neither side is likely to back down
What happens when a notoriously anti-union carmaker sets up shop in a country with one of the strongest traditions of organized labor?www.businessinsider.com
The IGM has below 0 chances to get an agreement with Tesla done. The BI article is as often a sensational piece but the content is wrong. The Union has messed everything up in 2017 when Tesla bought Grohman and they wanted desperately to get an agreement done but Tesla did pay well and people a 30% raise and options hence workers had no interest.
Since then the IGM smears Tesla in the media with plain lies (see my last Fullycharged article) and tried to force some kind of conversation without having any leverage. Tesla pays for Giga Berlin over average in Brandenburg and IGM has nothing to offer for workers. IGM is desperate because not having an agreement sets a bad example in automotive to be obsolete and they feel the heat.
The only option the IGM has is if a majority of workers from Tesla become Union members but that's not likely.They select everyone very carefully and certainly don't take people who want the Unions in.
What even many Germans do not know and understand is that having an agreement with the Unions could mean that you get worse pay and not better! Tesla pays already over average. People who burn for the Tesla mission will be flexible with working hours and that's what a company that is growing fast needs.
In the last hit piece from Frontal21 the Union representative lied life in the camera giving their last option away for any kind of conversation. With regards to NABU IGM can do nothing either as almost all permits are given already. The last environmental permit is just a formality.
The point I made in my tweet is that its stranded assets because the investment you need to lift to transform an ICE factory into a BEV factory is comparable to building a brand new BEV factory.
In fact, you throw almost all previous invested capital away. it's not like you change a few tools and can start production again. This is not retooling at all but the entire layout needs to change. Everybody who is telling you that knows nothing about automotive production and as a side note, I am a production engineer by education.
Some parts of the old ICE factory can be used again but it's minor compared to what you invest again.
For VW it's a major investment and when they finished it they still have an old factory more costly and with lower productivity. factoring productivity gains in Tesla has with a new factory compared to lower productivity VW has with an old transformed ICE factory they lose money although all the investment.
If you ask why VW does not start on a green field but goes for a blue field investment its the Unions. The VW law allows unions to decide what is produced where and not the VW Management.
Buckminster
Well-Known Member
Dancing Lemur
Hoopy Frood
Haven’t seen it posted here. @The Accountant has done his Q1 thing:
Post in thread 'Near-future quarterly financial projections'
Near-future quarterly financial projections
Post in thread 'Near-future quarterly financial projections'
Near-future quarterly financial projections
Artful Dodger
"Neko no me"
Tesla files a petition against U.S. labor board order | Reuters Apr 03 2021
Good luck to the Nat'l Labor Relations Board trying to ignore the 1st Amendment. /S
Especially when they (likely deliberately) misinterpreted the tweet: It is UNION POLICY that union autoworkers can't receive stock options. And the board also ignores the fact that Tesla workers voted down a recent attempt to unionize the Fremont factory.
Oh, did I mention that it was the United Auto Workers (UAW) union that agreed to the previous shuttering of the (former) NUMMI plant, back when it was a joint venture by Toyota/GM? Gotta protect those Union Jobs (in Michigan). That's how Tesla was able to buy the unused plant for on $50M (and bring back over 10K jobs to the Fremont plant).
Meanwhile (less than a year ago), the former president of the UAW plead guilty to charges of corruption. embezzlement, racketeering and tax evasion as part of a larger scandal over union corruption (protecting no jobs btw).
www.nytimes.com
The Nat'l Labor Board is a political body with no final authority. That is reserved for the courts, which will render their judgement (based on actual facts and the law) in due course.
In the mean time, look for the 1st Amendment to be unaffected.
Cheers!
"Tesla Inc has filed an appeal on a U.S. National Labor Relations Board ruling that the electric-car maker had violated U.S. labor law, and on the agency's order that Chief Executive Officer Elon Musk delete a tweet from the account."
Good luck to the Nat'l Labor Relations Board trying to ignore the 1st Amendment. /S
Especially when they (likely deliberately) misinterpreted the tweet: It is UNION POLICY that union autoworkers can't receive stock options. And the board also ignores the fact that Tesla workers voted down a recent attempt to unionize the Fremont factory.
Oh, did I mention that it was the United Auto Workers (UAW) union that agreed to the previous shuttering of the (former) NUMMI plant, back when it was a joint venture by Toyota/GM? Gotta protect those Union Jobs (in Michigan). That's how Tesla was able to buy the unused plant for on $50M (and bring back over 10K jobs to the Fremont plant).
Meanwhile (less than a year ago), the former president of the UAW plead guilty to charges of corruption. embezzlement, racketeering and tax evasion as part of a larger scandal over union corruption (protecting no jobs btw).
U.A.W. Corruption Case Widens as Former Chief Is Charged (Published 2020)
Gary Jones, the United Auto Workers leader until last fall, is accused of embezzlement. A prosecutor spoke of a previous U.S. takeover of a union as a model.
The Nat'l Labor Board is a political body with no final authority. That is reserved for the courts, which will render their judgement (based on actual facts and the law) in due course.
In the mean time, look for the 1st Amendment to be unaffected.
Cheers!
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I was a student when my wife and I went all in with all our savings and bought our first 450 TSLA shares at $34. I sold them to pay my student debts when I graduated after internship where I couldn’t work for 5 years. The dumbest mistake of all time, I know.
I bought back at $310 the same amount after 3 years of work. The greatest reverse investing of all time.
Bought 10 shares at $815.
I don’t beat you with my delta of $781. Just with my average cost basis of $395 that would have been $39 if I forgot I had went all in on TSLA when I was a student and kept the money of my 7 years of working as dispatcher and manager before internship.
a delta average cost basis of $354. Now, try to beat that
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Well, for now a top 5 finish.
Probably finish in the top 12
Started at $6.70 and last purchased at $827 for a $827 finish.
All in.....
They say the TSLA shorts went from 25% to 7%. Has BillGates covered his short position yet? Is he still an endangered specie? LolNow boys and girls, the end of the Tesla Shorts story ...
Tesla bears are becoming an endangered species
Tesla has the makings of a controversial stock. It’s a company with products that are loved by its users and hated by its skeptics, and it’s led by a man that’s both admired by his supporters and loathed by his critics. It was then no surprise when Tesla became one of the most-shorted companies...www.teslarati.com
Presumably because Burry was straddling the line between legal and illegal. In principle one way for Burry's negative tweeting to get SEC's attention would be through a short-and-distort scheme, although some would see the SEC's interference with this type of fraud as unlikely.
bkp_duke
Well-Known Member
Tesla files a petition against U.S. labor board order | Reuters Apr 03 2021
"Tesla Inc has filed an appeal on a U.S. National Labor Relations Board ruling that the electric-car maker had violated U.S. labor law, and on the agency's order that Chief Executive Officer Elon Musk delete a tweet from the account."
Good luck to the Nat'l Labor Relations Board trying to ignore the 1st Amendment. /S
Especially when they (likely deliberately) misinterpreted the tweet: It is UNION POLICY that union autoworkers can't receive stock options. And the board also ignores the fact that Tesla workers voted down a recent attempt to unionize the Fremont factory.
Oh, did I mention that it was the United Auto Workers (UAW) union that agreed to the previous shuttering of the (former) NUMMI plant, back when it was a joint venture by Toyota/GM? Gotta protect those Union Jobs (in Michigan). That's how Tesla was able to buy the unused plant for on $50M (and bring back over 10K jobs to the Fremont plant).
Meanwhile (less than a year ago), the former president of the UAW plead guilty to charges of corruption. embezzlement, racketeering and tax evasion as part of a larger scandal over union corruption (protecting no jobs btw).
U.A.W. Corruption Case Widens as Former Chief Is Charged (Published 2020)
Gary Jones, the United Auto Workers leader until last fall, is accused of embezzlement. A prosecutor spoke of a previous U.S. takeover of a union as a model.
The Nat'l Labor Board is a political body with no final authority. That is reserved for the courts, which will render their judgement (based on actual facts and the law) in due course.
In the mean time, look for the 1st Amendment to be unaffected.
Cheers!
Agreed. What confused me when this "ruling" came out was . . . what "authority" do the NLRB have to fine Tesla, etc.? They are not a judge and jury. It's a bunch of F-ing bureaucrats that are more likely than not paid off by the UAW to go after companies like Tesla.
Pras
Member
With GM launching Hummer EV, I found this article from ieee, very good comparison of the “competition”. They do put cybertruck with the best odds of being first to showroom (ironically they may just sell directly and not reach showroom at all for a few years).
spectrum.ieee.org
From Global Giants to Feisty Startups, Electric Trucks Battle for Supremacy
Tesla's Cybertruck, the F-150 EV, the Hummer EV, and more: Handicapping the odds for waves of battery-powered pickups to come
spectrum.ieee.org
Runarbt
Active Member
I have been at this for a long time.:-D
I bought most at $6.4 ($32 pre split).
Highest buy was at $862 I think. ;-)
Edit: I also dipped into margin and bought 400 shares at $640 or so last month.
This is a fun story. I had been following Tesla mid 2012 and specifically, the Model S as I was looking at replacing my wife’s BMW 335D which she really liked. We were taking a vacation down in Florida in late December when I showed my wife an image of the new Model S 85 and asked if she wanted to take a test drive In January when we got back. She said that she liked the look of the tesla but was happy with her BMW and she was not sure about Electric vehicles. I told her that her commute to work was only 28 miles each way and she was going for her Doctorate at PCOM IN philly which was another 20 miles so her total round trip commute was only about 100 miles and this Tesla had a range of 265 miles so she could charge the car in the Garage at night and always have a full “tank“ for her commute each day. She did not quite understand the concept, but I said, let’s give it a try and test drive the car when we get back. Luckily, my wife is a car girl, likes fast cars and was ok with taking a test drive, and she always liked to check out new cars. I immediately called that Tesla showroom in PA and talked to a salesperson or associate and asked to set up a test drive. He asked if we put down a deposit online because they were busy giving test drives to deposit holders and really had no available time left in the first part of January as they were just staffing up this new temporary showroom. I said we could come in any time they had a free slot and he reiterated that they were too busy and that I really need to put a deposit down and then wait in line like everyone else. I really pressed him and said, look, I do not put down deposits on cars I have not test driven, but I am very interested and promise not to waste your time and we will come in on Monday morning After the beginning of the year, you must have some time then as I am sure it will not be to busy on a Monday. He finally gave in and said ok, come in on January 14th, which was a Monday and I will give you and your wife a quick test drive. Tesla had a temporary showroom some where near King of Prussia, PA (Can’t remember the specific town, but Washington comes to mind) and it was in a weird nondescript office park/business park setting.
We get there around 10 in the morning, right when they are opening. They have a few cars in the back, a garage with 3-4 lifts and the front of the building had a small office suite with 1 chair in it. A really funky set up. The people were very nice. The guy took our information and photocopied our license and took us out. I told my wife she should go first. The guy gave us a “tour” of the car and my wife was very impressed. We go out on one of the local roads and my wife is really enjoying the drive and then the guy says to hit it, all I can say is whoa, my wife loved it and was giggling. This coming from a family where we had a GTR, Porsche 911 and her BMW 335D which was quick for a diesel with lots of low end torque. Suffice it to say that she was sold.
We came back, ordered a Model S 85 in Blue with every option except the 3rd rear facing seat and we were to get our car in April. After ordering the car online, I also bought 300 shares of Tesla at $6.67 (split adjusted) and we have not looked back since. My highest share price, as we have been buying TSLA through all the ups and downs, is $889 a share. We are now on our 3rd Tesla, which is a Model 3 performance with the track software. Life is good!
I paid around $43 and up to $640. Now I think I paid to much!
Krugerrand
Meow
Well, it was a ‘recruitment’ endeavor for all types. I imagine that means R&D people too. And you are aware they’re beyond the pigs now, right? They implanted a monkey and taught it to play video games.
Unfortunately (or fortunately depending on your view of the living), R&D involving animals, and even more so people, is subject to a lot of moral and ethical questions nowadays which often slows progress to a crawl.
I would say their current approach to nail down the safety of the technology, the ability to add or remove it with no ill effects, to make it practically unnoticeable, to have it implanted and removed by the precision of a programmed robot rather than human hands in a matter of minutes etc... is the best choice.
I would also say that when the time comes, human volunteers will line up for the chance to be a guinea pig, and that as Elon has demonstrated before, smart people will want to work there.
I think, as is your tendency, your concerns are misplaced and focused on the wrong aspect.
Artful Dodger
"Neko no me"
Telsa's stretch goal for 2021 likely looks something like this: (Model 3/Y Deliveries)
Q1: 185K +
Q2: 228K +
Q3: 272K +
Q4: 315K =
1 M Models 3/Y
Then throw in 100K Models S/X and that's 1.1M deliveries for 2021.
Ambitious, but achievable IMO.
Cheers!
Artful Dodger
"Neko no me"
Do Robotaxi's Dream of Electric Bottles?
www.reuters.com
Will the switch to Rivian EV delivery vehicles make this a 'shorting hazard'?
Cheers!
Amazon acknowledges issue of drivers urinating in bottles in apology to Rep. Pocan
Amazon.com Inc has apologized to U.S. Representative Mark Pocan, admitting to scoring an "own goal" in its initial denial of his suggestion that its drivers were sometimes forced to urinate in bottles during their delivery rounds.
www.reuters.com
Will the switch to Rivian EV delivery vehicles make this a 'shorting hazard'?
Cheers!
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