Oh, I thought everyone did that?
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
A gain of only a little more than the previous two sessions, nevertheless a seventh successive up day for TSLA. At the start of that span, it pushed above its 200-day SMA (simple moving average) and has remained there ever since. This continues to be encouraging.
The irony here is that Secretary Pete quite literally owns and drives a Tesla as his personal car. He's not even pretending he isn't playing dumb.
Drumheller
Active Member
Friendly bet: the incentive will be written such that Ford and GM vehicles are fully eligible even if built in Mexico.
wow, 7 wins in a row. Up 70+ during this streak. They are now 74-75 on the year. The last time they were 1 game below 0.500 was May 7th.
I'll gladly take that bet. That would be a lawsuit waiting to happen from Tesla and practically every non American based auto maker and would immediately put the entire bill/legislation in jeopardy. Wouldn't just put the bill/legislation in jeopardy, it would open the government up to damages in the lawsuit.
Adding an extra bonus of $2,500 to union made EV's is already pushing it and I still think could easily be challenged in court......but to make a clear exception to only certain auto makers to skirt around the American made and Union made stipulation would be the easiest court trial in history. Wanna make a bet on how quickly the US government loses the case?
Was it "US" or is it "North America"??? If Ford and GM both build their EV's in Mexico with non-UAW workers, and the extra $2500 is for US-built, not NA, then Tesla will actually have a $2500 advantage over both. I would REALLY love that!
larmor
Active Member
Having the big three legacy automakers go electric is all good. If tesla gets shade, it doesn't affect their production or demand. The auto market is huge, and tesla is 5 to ten years ahead in development. Better to have tesla as the iphone of the market, because that makes tesla more profitable.
Was it "US" or is it "North America"??? If Ford and GM both build their EV's in Mexico with non-UAW workers, and the extra $2500 is for US-built, not NA, then Tesla will actually have a $2500 advantage over both. I would REALLY love that!
His exact words were "Made in America". Anyone thinking that means North America is delusional
Today's volume (12,803,894) is lowest so far this year. Previous low was 13,953,338 on 7/21
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$TSLA closed $705.67 on Dec 31st, so in my opinion we're up ~1.3% YTD
Scuttlebutt
Member
Biden gave the UAW/OEMs what they wanted in order to play ball. Cash and kudos for coming to the game. They are children, and spoiled ones at that.
If they manage to build something that Joe Public will buy, great. They are no threat to Tesla. Maybe THIS time they will do a better job of copying Teslas homework?
If they manage to build something that Joe Public will buy, great. They are no threat to Tesla. Maybe THIS time they will do a better job of copying Teslas homework?
There is a scenario where having the legacy automakers going electric can actually slow down the mission. Given that Tesla is able to make a better product from same or less battery than the legacy autos, diverting battery supply to build inferior products will slow down Tesla's production capability ramp for as long as the demands for good electric cars are not met yet.
i.e. given some battery supply capacity, Tesla is able to produce more of the better product vs less of the inferior product from legacy autos. For as long as there are unmet demand for tesla's product, letting legacy taking away some of the battery production capacity will slow down the mission overall.
Whatever the politics of that EV summit are, it's pretty clear that the EV momentum is increasing and public policy is embracing it. And that is good for Tesla.
Knightshade
Well-Known Member
Pretty sure previous discussions went more into depth on why you can't do a "fake" union to get around this any more than Tesla could create a "Second Tesla" company to get another 200,000 EV credits.
To my European mindset the third condition is utterly incomprehensible.
Sure- but you you live someplace with broad labor and social safety net protections.
Biden lives someplace where you can still pay "tipped" employees $2.13 an hour legally and medical expenses are a substantial source of personal bankruptcy.
The UAW sucks, but historically unions have been among the few ways US workers have improved what were abysmal working conditions and wages 100+ years ago. Tesla is a great place to work without one- meanwhile amazon drivers have to pee in Gatorade bottles so it's not great everywhere.
Personally I'm not concerned if "union" shops get an extra $2500 credit above Tesla- Tesla has already shown they can sell more cars than they can make even with a $7500 tax credit disadvanage, so "only" $2500 would be an improvement.
And if it ALSO sells a few more non-Tesla EVs in lieu of non-tesla ICE cars- that's a plus for the mission too.
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How are you getting that legacy auto takes battery production capacity or supply away from Tesla. That's not how it works at all. Tesla is in control of their battery supply and expansion. Same as Ford is responsible for securing their own battery supply. This bill has nothing to do with that.
Knightshade
Well-Known Member
Yeah but the F-150 will be, and Ford cares vastly more about that than the Mach E they're not building that many of anyway.
More than anything though it's a handout to GM who can't move a Bolt at all without knocking 8-10k off the sticker today. Before they ran out of credits that money (7500 anyway) came out of the governments pocket-- now it's coming out of GMs.
Maybe he should give his boss a ride!
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