Jokes on him if he is only getting the “cyberlander” and no cash now. Because I personally don’t think it will ever be built. Not at least like the CGI. Also if it was really made, scale Is wrong. 4 x6 with no overhangs is not going to make a comfortable camper for most people. And 4x6 with a bathroom? Could work for children.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Todd Burch
14-Year Member
Well I didn't expect to see red today, but this looks like the ol' MMD amplifying the drop in the NASDAQ so maybe it will start heading positive again after 11am.
StealthP3D
Well-Known Member
How do you know when new money becomes old money is the same question as is it new money or old? The answer is always the same, you will know it when you see it. It might be somewhere in between.
My first exposure to the concept of new and old money was from people who didn't have a large amount of money (but perhaps they descended from old money a long time ago). They had culture and education but not a ton of money and spoke very critically of new money and respected old money.
Personally, I'm more impressed with people who create wealth than maintain it but both sides could learn a lot from one another. The one thing they have in common is both sides place far too much emphasis on the importance of money as to the identity of who someone is. Old money believes you need money to be important (and new money doesn't qualify) and new money believes you need money to be important and any kind of money qualifies. I believe an individuals level of importance is largely independent of how much wealth they have managed to acquire or maintain but, of course, it always reflects well on someone when they are productive and not wasteful or overly consumptive. And this does tend to lead to having more than one needs.
Knightshade
Well-Known Member
I didn't either, but it let me buy back those 750 ccs I sold yesterday for ~67% profit in less than 24 hours... if it pops again later today I'll resell em... if it pops a fair bit I'll also rebuy the 690 puts I sold pre-pop for most of the profit early.... can't let the MMs have all the fun.
Stone_Watcher
Member
“You either die a hero or live long enough to see yourself become the Market Maker”
One fraudster to another. What’s not to like?
In fact, on the face of it, 2nd Prize is more appealing, as it seems one gets $1,000.
Krugerrand
Meow
Let me expand further. If CT does in fact have those 1.25 million preorders and we eliminate 500,000 right off the top for duplication orders, people who aren’t serious, padding orders, whathaveyou, that still leaves 750,000.
If Tesla comes out of the gate at a production rate of 250,000 CT/yr - which won’t happen - they’ve got THREE years at that rate of just back orders. Organic growth of demand will explode once people can touch and drive one of these bad boys. I have a waiting list of people who want to drive mine.
We don’t have to go out on a limb at all to know that once Semi hits the road, it will be sold out for the foreseeable future.
I am OWED my $900 this very second and a whole lot more over the coming months and years.
Once we see an actual driving prototype of the next down market model - 12-18 months from that point for production (no, I’m not falling for these current rumors on Twitterverse), then I will be owed a few order of magnitude more.
I finally got to see a solar tile roof this past weekend up close and personal. Give me my money, Wallstreet!
I may have opted for the mountain, first, but the island will follow at some point.
Large capping at $708 - four large sell orders of 4,200, 3,700, 1,900, and 1,900 shares put in and pulled.
Cape Coddess
2 Roths full - holding!
I am out of yogurt, and I won't buy any until next week when we go to the closeout food outlet where they are $.25.
Knightshade
Well-Known Member
I think it'll be very very interesting to see how the reservation rate under the new $100 system translates to real orders
I know folks who have early reservations for multiple CTs, but absolutely could not afford to buy even ONE CT- they thought it'd be cool to tell people they have them reserved, and hey maybe they'll win the lottery or somehow stop being terrible with money in a couple years when the truck is ready.
I also know folks who 100% plan to buy one, and can afford to, but didn't bother with the reservation because they're from the "I don't start reading a book series until the author has finished the series" school of thought.
And of course I'm sure others know all sorts of other people all across the range.
I'd be surprised if the "reserved but does not order" rate isn't a decent bit higher for CT than it was for say the 3- given the 10x drop in cost for a reservation... but then the reservation # is a lot higher for CT as well, and "full size truck" is a lot bigger addressable market too.
(IIRC The 3 had a little over 500k reservations and the cancellation rate ended up around 12% of those).
I know folks who have early reservations for multiple CTs, but absolutely could not afford to buy even ONE CT- they thought it'd be cool to tell people they have them reserved, and hey maybe they'll win the lottery or somehow stop being terrible with money in a couple years when the truck is ready.
I also know folks who 100% plan to buy one, and can afford to, but didn't bother with the reservation because they're from the "I don't start reading a book series until the author has finished the series" school of thought.
And of course I'm sure others know all sorts of other people all across the range.
I'd be surprised if the "reserved but does not order" rate isn't a decent bit higher for CT than it was for say the 3- given the 10x drop in cost for a reservation... but then the reservation # is a lot higher for CT as well, and "full size truck" is a lot bigger addressable market too.
(IIRC The 3 had a little over 500k reservations and the cancellation rate ended up around 12% of those).
StealthP3D
Well-Known Member
Don't count your catnip before it's grown and harvested.
Plant enough to get an entire clowder stoned and hope for good growing weather. Chances are, there will be plenty to share with the kindle.
More than a few people like myself also ordered several extra as a Robotaxi play. If that doesn't look possible in then those orders will go away too. My guess is a 40% conversion rate for the CT, but those who drop will be easily replaced once it gets out on the road.
lafrisbee
Active Member
My ol man is rich. The greatest thing about that is I had the comfort of knowing I'd always have a place to eat and sleep. The other was he would willingly make loans to his children. I've only taken one loan from him, to buy my home. A day after he wrote the check he came by and gave me the payment book. 6 pages on a steno pad he had hand-written out. I still have it. This guy was Comptroller for NASA, and he took that night to break out the calculator and do all the math. the caveat with him is what he said when he gave me the "loan book." Son, here it is, you don't have to pay it back. But if you don't when it is time for the will to be read it will be on the ledger, and come out of your part."
I am his favorite (I think) because I paid it back as soon as I could get a better rate with a bank. All my brothers and sisters defaulted on at least one of their loans with him. And he told me that. He finds me "interesting."
But about a month ago I was visiting with him (he's close to 90), and I had a burning question that was created because of my recently accumulated "wealth." I still find myself ordering from the Dollar menu at McDonald's, and buying the value sized pack of the better functioning toilet paper, and not the softest. I asked him how he manages his entrenched mindset and behavior patterns. His answer was he does not. He's making more money than he can spend, and yet he still enjoys living life ...economically.
I fear I will be the same. The biggest difference between being rich and poor for the newly wealthy is trying to find motivation from somewhere other than doing what you do to meet your basic needs.
mickificki
Member
Not sure if repost…piper sandler note. Looks like note only.
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I've heard from one supplier that planned cybertruck volume is currently at 125k/yr ( 2022, 2023). I guess they will need to increase it at some point.
Hey @Knightshade , where did you find the 12 per cent cancellation rate number from? I am a bit shocked it is so low. Is that official? If so great!
I am one of the people who have a reservation down, but it is highly likely we will not purchase one (it is too big for us). I am thinking conversion rate of only 25 per cent or so.
Knightshade
Well-Known Member
Tesla saw about 63,000 cancellations of Model 3 preorders
The company had a total of 518,000 preorders but 455,000 net orders at last count.
www.vox.com
63,000 cancellations from 518,000 reservations.
12.16%
Source is Elon himself on earnings call mid-2017 just as Model 3 deliveries had begun.
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