That depends. If Evergrande is actually allowed to default then we all better watch our backs. We haven't opened Austin and Berlin yet, so our factories are in Fremont and Shanghai. We're still highly dependent on China and will be until at least mid-2022 when Austin and Berlin are ramped up. All of China is so beyond over-leveraged it makes 2008 look like a small ice cube compared the China housing bubble iceberg. I want to think that surely Chairman Pooh knows that he can't let Evergrande default or he will let China crash but who knows what he will do.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
StealthP3D
Well-Known Member
How dare you try to besmirch the philanthropy of the autoworker's union. The UAW has a long history of donating union dues to non-profit causes. If you look into it you will find they like to keep it in the family, ie, donate large amounts to charities run by union officials:
UAW restricts charities amid federal probe
Nonprofits run by union executives unusual in board makeup, scope
www.detroitnews.com
/s
Evergrande defaulting is not new news. Their stocks has been in the tanker and they were talking about it since last week. Every correction is always due to something, covid, evergrande, the list goes on but a correction is a correction and will take an elevator down until it bounces. And that bounce will come from feds printing money or China not letting them default..who knows.
RobStark
Well-Known Member
I largely agree with this but you fail to emphasize how first principle thinking guides what sorts of things to try. Back in history there were two famous successful technical people with very different styles: Edison and Tesla. Edison was famous for "trying a lot of things" while Tesla used a scientific methodology to guide what things to try. Today Tesla the company uses Musk's strategy which is more similar to Tesla's than Edison's. When you say "Tesla tries lots of things and many times they are wrong," it makes it sound like they take an Edison-like approach throwing everything (mostly randomly) against the wall and see what sticks type of approach. Tesla doesn't do that.
Here I completely disagree. If Electrify America (EA) had a track record of competency then it might have been a sensible strategy, but they don't so it wasn't. Lucid could have partnered with Tesla (as Tesla has expressed willingness to partner on charging from the start of the supercharger network). Tesla never set out to build a proprietary network - they set out to build an effective charging network. It ended up proprietary only because all competitors actively worked to thwart Tesla at standards bodies to adopt inferior standards with hopes of sidelining Tesla. Still any competitor could have (and still can if they're serious about a real partnership) join the supercharger network.
I don't know what motivates Rivian's decision, but it could be that they think existing charging systems (including Tesla's) are technically inferior and only by building their own can they make a superior charging network that they believe is necessary/warranted. If so, that would be closer to Tesla's way than Lucid's.
The reality is probably that both Lucid's and Rivian's decisions are entirely business decisions. Lucid needs a network sooner than later but probably doesn't want to partner with a competitor and they don't have the desire or resources to make a charging network. I think that Rivian thinks it has such deep resources it can build a network to replace EA's but that is competently made and maintained and that they will use CCS so they can use EA until theirs is better and eventually other car makers will use their new network too. I don't believe they will make a proprietary network.
Tesla also makes plenty of business decisions and Musk is talented in this area too. He has a different view from most business leaders but I'm not sure you could call these first principles. They are Musk's principles but business isn't governed by the laws of physics (although it isn't exempt from them) but instead the laws made by humans. Most accepted business wisdom is that monopolies, rent-seeking, advertising, and government favoritism are excellent strategies. That moats and locking in your customers are very beneficial. Sadly those are the accepted "first principles" of business. It's not clear that Musk's business principals are superior in the make-the-most-money sense but they are very effective when combined with the many advantages of the first-principle technical approach.
Elon has a beef with Lucid CEO Peter Rawlinson.
Elon said Peter abruptly left Tesla after being Model S Chief Engineer for a while and left Tesla in the lurch. He throws shade at Peter every ~18 months on twitter. Peter is usually very complimentary of Tesla specifically but usually doesn't mention Elon.
I don't think a deal between Tesla and Lucid directly is realistic. Tesla allowing any CCS owner including Lucid the ability to download the Tesla app, upload a CC#, and use the Supercharger Network now looks likely.
Elon has a beef with Rivian. Tesla has filed a lawsuit alleging Rivian stole trade secrets. A direct deal between Tesla and Rivian seems unlikely as long as that lawsuit is pending.
Rivian will use the CCS standard. They said their fast charging network will be exclusively for Rivian customers and their slow charging destination chargers will be for everybody. Or at least all CCS owners.
RobDickinson
Active Member
I didn’t realize I had to disclose all my positions to participate here. I have TSLA shares in a Roth IRA. My only short positions are SPY puts and MRNA puts. Everything else is long positions. I also bought TSLA puts in early February, but I sold them in March.Well, are you or not, shorting? Don’t leave us hanging.
StealthP3D
Well-Known Member
It looks like they are already taking big steps to assure confidence:
China pumps $14bn in cash into market amid Evergrande crisis
The People’s Bank of China added 90 billion yuan of funds on a net basis as the Evergrande debt crisis intensifies.
Even if the China market crashes, production would likely not be impacted. China sales might drop, but that's of little consequence.
Deliveries would simply shift to Europe and other export markets that much faster; the China market isn't as important as one would think as Tesla is so massively production constrained globally . . . .
mltv
Member
An ad for Tesla insurance
larmor
Active Member
Or implementation of FSD is a pivot-shift moment from cars to insurance revenue and monthly FSD revenue.An ad for Tesla insurance
RobStark
Well-Known Member
Some dealers advertise their allocation. Mach-e they will have delivered shortly.
Some have Mach-e in stock at prices significantly above MSRP.
Other dealers just suck at selling cars. They can't quickly sell their allocation of hot sellers at MSRP quickly.
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On the matter of Lucid Motors…
In his Ted Talk, “How great leaders inspire action”, Simon Sinek states that “people don’t buy what you do, they buy why you do it.” I am advocate of Tesla based on their “Master Plan“; the advancement of sustainable transportation and renewable energy. The “Master Plan” designed to remedy climate change. This begs the question, why has Saudi Arabia invested in Lucid Motors?
The one idea where I completely disagreed with Elon, was taking Tesla private—especially when it involved Saudi Arabia. I mistrust the motives of Saudi Arabia, but I hope to be proven wrong. Could this be the greatest hedge of all time?
In his Ted Talk, “How great leaders inspire action”, Simon Sinek states that “people don’t buy what you do, they buy why you do it.” I am advocate of Tesla based on their “Master Plan“; the advancement of sustainable transportation and renewable energy. The “Master Plan” designed to remedy climate change. This begs the question, why has Saudi Arabia invested in Lucid Motors?
The one idea where I completely disagreed with Elon, was taking Tesla private—especially when it involved Saudi Arabia. I mistrust the motives of Saudi Arabia, but I hope to be proven wrong. Could this be the greatest hedge of all time?
How great leaders inspire action
Simon Sinek has a simple but powerful model for inspirational leadership -- starting with a golden circle and the question: "Why?" His examples include Apple, Martin Luther King Jr. and the Wright brothers ...
www.ted.com
How great leaders inspire action
Simon Sinek has a simple but powerful model for inspirational leadership -- starting with a golden circle and the question: "Why?" His examples include Apple, Martin Luther King Jr. and the Wright brothers ...
Artful Dodger
"Neko no me"
Ironically, the bear is at 246K
Should've been 250K at least, so they could deny 1M/yr annualized run-rate.
Before Austin+Berlin.
Cheers!
If the Tesla Insurance calculator wants us to use Autopilot as much as possible, then our family may have a challenge when we get The Button! Leaving home, we have to drive 16 miles of curvy mountain roads before reaching the freeway. Autopilot is not well suited for this drive, unless perhaps there's heavy traffic. Ironically, the FSD Beta software would likely do a much better job on mountain roads. Maybe we'll need to take the car somewhere else for a week.
In any event, I'm looking forward to seeing how well that calculator seems to rate us. This could end up being quite relevant to our TSLA positions.
In any event, I'm looking forward to seeing how well that calculator seems to rate us. This could end up being quite relevant to our TSLA positions.
Buckminster
Well-Known Member
1st Oct beta roll out
2nd Oct? P&D
7th Oct Shareholders meeting
8th Oct Giga Fest
What a week this is going to be.
2nd Oct? P&D
7th Oct Shareholders meeting
8th Oct Giga Fest
What a week this is going to be.
1.14 weeks /s
InTheShadows
Active Member
This is so true. Maybe the next industry Elon should disrupt is healthcare.
Akio Toyoda: All-EV plans are a menace to Japan
TOKYO — Japan's auto trade is warning that the federal government's push for carbon neutrality may value the nation tens of millions of jobs and tens of millions of models of misplaced automobile output.The doomsday state of affairs was floated this month by Akio Toyoda, in his function as...
Classic Toyota...
The button scares me. The headlines it will generate have already been written. Scumbags like Russ, Lora, Neil and Linette are just drooling over the news on the imminent widespread availability of The button
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