2daMoon
Mostly Harmless
This looks like a good time to drop this in ...
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Yes but the money is cheap. Rivian has had the chance to see Teslas capital needs, if I were in charge I'd be raising every dollar I could while the money is cheap. I would be shocked if they dont get another couple next year soon after volume shipments begin.One thing that is highly unusual about Elon's companies is that they are exceedingly capital efficient. Rivian just raised another $2.5B today, making it $10.5B they've raised so far. Rivian has yet to ship a vehicle (other than a few Amazon delivery vans).
Compare that to Tesla who had raised, what, maybe $150M privately? Their IPO was $175M. To date, they've raised in total just over $17B in equity (I'm ignoring debt since that gets paid back eventually). Rather amazing contrast I think.
Agree. Hugely derisks the road to cashflow positive. Bank it an focus on execution.Yes but the money is cheap. Rivian has had the chance to see Teslas capital needs, if I were in charge I'd be raising every dollar I could while the money is cheap. I would be shocked if they dont get another couple next year soon after volume shipments begin.
Interesting tidbits:-Gas Engines, and the People Behind Them, Are Cast Aside for Electric Vehicles
The transition is hardly noticeable yet on showroom floors, but industry resources have shifted rapidly. “We’re trying to make things change pretty quickly,” said a GM software expert.www.wsj.com
Nothing we do not know. But IMO they are sadly underestimating the speed of the transition. No one will be selling ICE in 20 years. Even ten is in play. Collapses are a son of bi)$&. There will be pain.
Too good not to share
Brooks from Drag Times shows a Lamborghini Dealer from Miami what Plaid is all about:
1 Plaid sale to pax + BONUS points: 600 lbs of Pizon squealing like little girls...
Cheers!
Wow…just an amazing re-affirmation of why wallstreet is so behind and how much I am in debt to this forum for what it has brought to my life. The community that Chris sees as his advantage is EXACTLY what we have as a collective. Dave strikes gold once again.
Ladies and gents, I love you all.
Even though this was one of the best videos that I have seen in a very long time, the 2 hours was a bit much so I skipped around.Best video I have seen in weeks. Chris is a little cheesy and talks a lot at the start. However, stick with it.
Key point is that we have an information advantage over Wall Street. We often feel like they have the advantage. However, not sitting in a room of other traders has its advantages. This is why we are sitting on huge growth stories ourselves.
Little bit more here:
What other tech stock to consider?
Wow…just an amazing re-affirmation of why wallstreet is so behind and how much I am in debt to this forum for what it has brought to my life. The community that Chris sees as his advantage is EXACTLY what we have as a collective. Dave strikes gold once again.
Ladies and gents, I love you all.
Wait until the Roadster goes into production, the S is pretty tame looking compared to all the “Exotics” cars. It’s going to destroy track records and change minds around the world.Most normies don't realize just how stupid and lame ICE cars are going to seem in a few years.
Things like the Plaid and Rimac Nevera are just the beginning...
2030 EV supercars will probably have 3000 horsepower with 600+ miles of range.
Wait until the Roadster goes into production, the S is pretty tame looking compared to all the “Exotics” cars. It’s going to destroy track records and change minds around the world.
I agree and I think the reasoning is that typically bleeding edge technology is expensive. But with Tesla the new technology actually lowers costs.I want to address the point of using S/X lower volume production vehicles to debut new technologies.
Meh. And here’s why:
Dashless car - debuted Model 3
New venting system - debuted Model 3
New nose - debuted Model 3
Two piece rear casting - debuted Model Y
One piece rear casting - debuted Model Y
One piece front casting - will debut Model Y
New 4680 cells - will debut Model Y
Battery pack as structure - will debut Model Y
New dry anode whatever it’s called - will debut Model Y
New SS bent/folded body - CT (which will be high volume)
Point being, it doesn’t appear to me Tesla cares to be cautious and necessarily debut new tech in low volume cars.
Clearly, they put new tech into S because they were going for something very specific/had a specific goal - but they also left out a lot of their new tech.
So to me the point is weak and not a reason to keep status quo.