RobDickinson
Active Member
Cadillac axes Escalade’s hands-free driving feature due to chip shortage
The wider Super Cruise rollout is on pause.
www.theverge.com
Axed because chip shortages or it just sucks?
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Cadillac axes Escalade’s hands-free driving feature due to chip shortage
The wider Super Cruise rollout is on pause.www.theverge.com
Axed because chip shortages or it just sucks?
How the tide does change. Last week numerous people here were defending Chamath’s insane (IMO) Tesla energy projected valuation, and now all of a sudden the consensus is he is a POS stock pumper because he sold his TSLA position.
That lawsuit was only ever about spin and connecting nikola with tesla in some false equivalency thing
Share price increase shouldn’t linearly match increase in revenue, as the share price (of all companies) includes expectations of growth (which are an average of market participants expectations). It’s when those expectations of growth change that the share price moves (for better or worse).Yahoo Finance shows that Tesla's 2020 Annual revenue was $31.54B.
Q1/Q2 2021 Revenue was $22.35B. So, if Tesla reaches $9.19B in revenue in Q3, they'll have reached parity with last year with a full quarter to go. Based on the estimates here and wallstreet, it sounds like Tesla is going to go over that at ~$14B.
Even if they equal the same output for Q4 as they do in Q3 (which is highly unlikely on the positive side as both Berlin and Austin will start production in Q4), then they could, at least, finish the year at $50.35B ($22.35B + $14B + $14B) in revenue. That's a ~60% increase y-o-y.
Tesla finished 12/31/2020 at $705.67...The stock price following, linearly, the increase in revenue, post S&P 500, should equate to a $1129 share price at 12/31/2021...theoretically and, rationally, using some simple math.
Share price increase shouldn’t linearly match increase in revenue, as the share price (of all companies) includes expectations of growth (which are an average of market participants expectations). It’s when those expectations of growth change that the share price moves (for better or worse).
Keep your eyes on EU registration. Whereas Tesla has owned ~20% market share of BEVs in Q1 and Q2 the September data for markets with daily updates is trending closer to 40%. Wall Street is completely underestimating the impact of the step change in Shanghai manufacturing coupled with it focusing on EU exports early in Quarter, most of which won’t deliver until September.The UK Dept. for Transport today released new car registration statistics for Q2 of this year (yes, they do take their time!), broken down by model. Here's a Twitter thread that discusses some of the more relevant aspects concerning Tesla:
No comment on the exploitive and purposely confusing nature of SPACs (except that one I suppose). But that aside, to this day Chamath takes every opportunity possible to defend and promote Elon and all his endeavors. I see him as a strong Tesla ally regardless of his stock position.I don't really care if Chamath is in or out of TSLA. We're way past the point of needing support in the stock from whales, though I very much think he was forced to sell his TSLA position to cover losses and that it wasn't really his choice.
Having said that, I find his promotion and involvement in SPACS to be rather disgusting and have thought that way about him for a long time now. He was promoting trash companies who had zero business being publicly traded. As @Singuy said, lots of people that followed him were wiped out.
The article quotes him as saying his thesis on Tesla has shifted. I wonder in what respect? I can’t understand a long-time bull who really seems to get Tesla selling out. Then again, maybe he pulled a Gary and sold out temporarily because he thinks the stock (or broader market) will pull back.
YesCadillac axes Escalade’s hands-free driving feature due to chip shortage
The wider Super Cruise rollout is on pause.www.theverge.com
Axed because chip shortages or it just sucks?
Timing, my friends. Timing is everything.Lots of people lost their shirt following his BS
You understand that Chamath sold out back in Q1, and this zombie-tale is just the bottom-feeders at CNBC flopping around in an attempt to find fresh FUD?
Right?
Piggybacking on your comments:
Wedbush is a Tesla Bull in the eyes of the media; but if we apply the TMC grading curve, they are bears.
Only $1,000 price target on 12 months?
Also look at these non-GAAP EPS numbers:
View attachment 715852
They have $1.22 this Q3 coming off of $1.45 in Q2? For the record I have $2.01
And for Q4 only $1.55 - we should see at lease $2.25 if not $2.50.
Then look at Q2 2022 - down to $1.37 with Berlin and Austin open.
I am not angry . . . .I guess this is how wealth is made . . . . having access to data others don't have (or believe).
Okay, thanks. I don't really follow Chamath closely anymore (the whole nasty SPAC thing), but I heard he was squeezed for cash. But don't quote me, I don't know.Yes yes yes. I’m more just having trouble understanding a changed thesis from an uber-bull…as others have pointed out his reasons may have had more to do with covering losses from other investments. Can’t see selling with so much blue-sky ahead…
You can time cum rocket and make a boat load of money.Timing, my friends. Timing is everything.
As I reported at the time, in late January I sold all our SPCE at $57.18, thus ensuring a terrible problem in filling out our 1040 at the end of this year. Boo hoo. It closed today at $22.56, after having touched $14.27 in May. Yay.
And, I summarily placed all those funds into something else which was then $791.18 and closed today at $781.31. Timing is everything - boo hoo.
Okay, thanks. I don't really follow Chamath closely anymore (the whole nasty SPAC thing), but I heard he was squeezed for cash. But don't quote me, I don't know.
Cheers!