I suspect CT will have even fattier margins and total profit.
In excess of 50% and still have years long waiting list ...
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
In excess of 50% and still have years long waiting list ...
The whole "factories burning money" FUD-line from that interview has been picked up by the BBC, 
New Tesla factories losing billions of dollars, Musk says
Elon Musk said the Covid-19 lockdown in Shanghai was "very difficult" for the electric car maker.
www.bbc.co.uk
Last edited:
Well, if company CEO says "Both Berlin and Austin factories are gigantic money furnaces right now. It's really like a giant roaring sound, which is the sound of money on fire," said Mr Musk"The whole "factories burning money" FUD-line from that interview has been picked up by the BBC,
New Tesla factories losing billions of dollars, Musk says
Elon Musk said the Covid-19 lockdown in Shanghai was "very difficult" for the electric car maker.www.bbc.co.uk
It is clear that it makes headlines.
Ps. "Tesla did not immediately respond to a BBC request for comment."
If Tesla had a PR department...
Whereas if they said: "Both Berlin and Austin factories are gigantic money printers right now. It's really like a giant whooshing sound, which is the sound of money being printed". It would never have been reported.
Above in red... exactly how I feel right now!!Ha-ha, that's great! That's the same time I was mopping up shares, from $250ish ($50) down to $210 and then I held off as it fell further unable to believe my good fortune. For the first time in years I was watching the ticker every day, all day, ready to make the biggest TSLA purchase of my life. I knew it was already a screaming deal but I didn't know how far it was going to fall and I wanted to maximize my buying potential. Then I doubled my position on June 4 at $189 ($38) as it looked like it had possibly formed a bottom so I let her rip! I also bought a bunch of call option for less than a dollar each that ended up appreciating over 1000 fold. Unfortunately, I sold more than half of them when they had "only" appreciated 100 or 120 fold.
This is the danger, this is the pitfall, this is the reason traders fail.
When you postpone buying because you expect the price will continue to fall, you are a trader.
Don't look at the price, just buy when you can and only sell when you need cash and only as much as you need at the moment.
Above in red... exactly how I feel right now!!
Yes the availability of cash/capital is an under appreciated part of investing. If anyone has cash and thinks Tesla has a great future then any time in the past 10 years has been, and currently is a good time to invest Tesla
Once I had built a good position in Tesla then I have played around, selling the peaks and buying the dips (only ever selling and buying back up to 15% of shares at a time), now this has worked because Tesla has been going up and up AND is very volatile, so I figured its just a way to get a little higher returns, but this is no substitute to having a good fundamental long time position. And important to remember that this strategy will keep on working until one day it doesnt and then it wipes out all previous gains
cliff harris
Member
Elon definitely thinks long term, so even though there is a lot of scope to increase 3/Y they must be thinking, in practical terms about what happens once their reach their peak. I am no expert, but I suspect that a big part of ramping a new factory is location-based, and factory-specific, rather than model specific, otherwise Texas/Berlin would already be at max output.
What I'm saying is, that introducing a new model (likely a cheaper one) would not necessarily ramp at the same rate as a factory ramps, especially if tesla use common sense and re-use as much of the model Y or 3 as possible in a new vehicle. A cheaper model can have a smaller battery and single motor, but it wouldn't automatically need new headlights, seats, steering wheel etc.*
*I know elon thinks they can go straight to FSD next, but IMHO this is fantasy. Even if they crack it today, the approvals worldwide will take a decade, and be fought by frantic lobbying. Tesla WILL have to make a cheaper vehicle.
My view is that there is a lot of business sense in avoiding the commodity vehicles. Stick with a premium product line and license FSD and Tesla network access to the low margin producers.
Sooner or later EV production will be far less a mystery IMO.
… and just discussed on CNBC. They joked about how “no other CEO would talk this way“.The whole "factories burning money" FUD-line from that interview has been picked up by the BBC,
New Tesla factories losing billions of dollars, Musk says
Elon Musk said the Covid-19 lockdown in Shanghai was "very difficult" for the electric car maker.www.bbc.co.uk
The Accountant
Active Member
The whole "factories burning money" FUD-line from that interview has been picked up by the BBC,
New Tesla factories losing billions of dollars, Musk says
Elon Musk said the Covid-19 lockdown in Shanghai was "very difficult" for the electric car maker.www.bbc.co.uk
In that interview, Elon goes on to say, " . . . now all this is going to get fixed real fast . . .you know . . .but it requires a lot of attention"
I saw that Reuters did pick up that quote but it was buried deep at the end of their article.
Other outlets are not adding this follow-up comment by Elon.
2daMoon
Mostly Harmless
This statement by Elon hinges upon an Aspie's presumption that everyone should/could be smart enough to realize this state of a new factory ramp is normal.
He's only pointing out something he thought was obvious, for the irony, or, to share his feelings on the experience. (Whew, we are burning billions, what a rush!) He wasn't complaining because it was a problem.
Naturally, the Muggles will jump to the wrong conclusion, based upon their reference point of looking for the worse possible interpretation.
This, also, is normal. We know this, and have seen it time and again as the company grows. Nothing to see here, move along.
He's only pointing out something he thought was obvious, for the irony, or, to share his feelings on the experience. (Whew, we are burning billions, what a rush!) He wasn't complaining because it was a problem.
Naturally, the Muggles will jump to the wrong conclusion, based upon their reference point of looking for the worse possible interpretation.
This, also, is normal. We know this, and have seen it time and again as the company grows. Nothing to see here, move along.
Last edited:
damonbrodie
Member
On the gigantic piles of burning cash comment from Elon:
It's weird that this is news. It's obvious that a giga factory is billions of dollars to build. If said factory is outputting a trivial number of vehicles (Like Austin is, and Berlin is to a lesser extent) then you will end up with a pretty awful looking balance in your bank account.
The negative press will eat this up, but of course there really isn't any news here. - its obvious.
The interesting part is Elon basically said the same thing to Lucid and Rivian - scale fast or go bankrupt - and those companies have no existing business to keep them afloat. Press and the market basically ignores it.
Elon says it about factories #3 and #4 where he does factories #1 and #2 to sustain the business, but I'm willing to bet that the market will be punishing TSLA today for it.
It's weird that this is news. It's obvious that a giga factory is billions of dollars to build. If said factory is outputting a trivial number of vehicles (Like Austin is, and Berlin is to a lesser extent) then you will end up with a pretty awful looking balance in your bank account.
The negative press will eat this up, but of course there really isn't any news here. - its obvious.
The interesting part is Elon basically said the same thing to Lucid and Rivian - scale fast or go bankrupt - and those companies have no existing business to keep them afloat. Press and the market basically ignores it.
Elon says it about factories #3 and #4 where he does factories #1 and #2 to sustain the business, but I'm willing to bet that the market will be punishing TSLA today for it.
2daMoon
Mostly Harmless
I like to think of it as more sand-bagging, which simply winds that spring up a wee bit tighter.
That Tink, Tink, Tink noise it makes is music to my portfolio.
Perhaps the Mainstream Media should be taking "notes"... so to speak.
That Tink, Tink, Tink noise it makes is music to my portfolio.
Perhaps the Mainstream Media should be taking "notes"... so to speak.
So why blame media? If CEO says something like that, of course it is in the news.
AimStellar
Member
Toyota recalls EV fleet as challenge to Tesla dominance suffers setback
World’s largest carmaker recalls 2,700 battery SUVs with safety issue less than two months after launch
www.ft.com
2daMoon
Mostly Harmless
View attachment 819966
Toyota recalls EV fleet as challenge to Tesla dominance suffers setback
World’s largest carmaker recalls 2,700 battery SUVs with safety issue less than two months after launch
HA!
We've been saying for years how the wheels are coming off of legacy OEM's hundred year old machine.
Now we have admission of the fact.
This is the kind of crap the "competition" wastes their time and money on. Why? Is it because they just have marketing budgets set and the people in charge of those areas need to ensure their jobs stay relevant? Is it because it's simpler to create buzz around non-viable products than to make mass market EVs?
Full CNBC FUD article here.
Musk says Tesla's factories in Berlin and Texas are 'gigantic money furnaces'
Musk says Tesla's factories in Berlin and Texas are 'gigantic money furnaces'
Seeing as this has zero to do with the battery or the fact that it is a BEV, where is that world renowned centuries tested auto manufacturing knowledge and expertise that Tesla haters like to brag the legacy OEMs will use to stampede over Tesla when they put their minds to it? Can’t keep the wheels on….View attachment 819966
Toyota recalls EV fleet as challenge to Tesla dominance suffers setback
World’s largest carmaker recalls 2,700 battery SUVs with safety issue less than two months after launch
Similar threads
- Locked
- Locked
- Locked
