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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Ridiculous that Tesla is showing price after potential gas savings but not the tax credit. This is from a 7-seat Model Y.
There were some legitimate concerns in 2019. Tesla had only 2B in cash after earnings in which they just lost 1.6B. Elon was closing Model S/X shifts and stores. The miss on production was not a few percentage points but like 35%. Then Elon goes and tell the team they have enough money to survive till October if nothing is changed. EV tax credit was just cut in half so that was another headwind.
Today I am pretty convinced it's a supply chain issue with Gigashanghai that caused the miss. Covid shutdown was the primary culprit, and then covid spread being the secondary culprit. Tesla's cash position is plenty healthy with more cash coming in everyday. The US government will be providing Tesla some good incentives and the COGS keep decreasing as Berlin/Texas ramp. Also we actually have some meaningful FSD software money today.
19 more than me, congratulations!!!
And Musk will make sure you get every headwind concern known to man this call. There's a good chance you'll think Tesla is heading into bankruptcy after the call but then realize Musk is just being Musk, preparing for Armageddon.
Something is brewing. Seems like they are anti-selling right now perhaps preparing for some kind of change.
Steve Jobs was quite paranoid about cash and financial stability also. Thats a big part of why Apple’s cash hoard grew to over $100b before they started buybacks or options. Owning a once company that is on the edge of bankruptcy changes your perspective.
I’m sure you’re right. It’s the 3rd of January. Maybe 6 days after the stupid IRS guidelines were launched?
I‘m guessing Tesla management is still working out exactly the best strategy to deal with this. It’s very easy to say “They should just…”, but Tesla actually needs to reallocate production to implement many of these solutions. There is no point rushing out some half-baked solution only to realize they don’t have the production capacity for that particular model to execute on it.
#2 would be best PR stunt
Can anyone point me the rationale for a higher curb or GVWR allowing a 5 seat Y to be classified as a 'light truck'? I see nothing in the legislation that would bypass 523.5 (b)(2) 49 CFR § 523.5 - Non-passenger automobile.
That would seem to run afoul of Treasury guidance due to the additional capacity being "physically attached at the time of delivery to the dealer".
Yeah, #2. They could be polished lead in the shape of the Tesla logo. After the owner unbolts them, they could be hung in the garage (or put up for sale on eBay).
navguy12
Active Member
I really hope he wasn’t some investor who lost some…I saw a couple references to the horrific crash where a Tesla plunged down a cliff and all occupants survived. There was speculation about whether FSD was enabled or not. Turns out the driver did it intentionally and has been arrested for attempted murder.
CHP says Tesla plunge at Devil's Slide was intentional, driver arrested for attempted murder
The driver has been placed under arrest for attempted murder and child abuse after intentionally driving off the cliff in his car with one adult and two kids inside, the CHP said.abc7news.com
For be fair, Twitter and the share price has made some former Tesla bulls more bearish than Elon.
EVNow
Well-Known Member
The problem with Musk talking about Droids / Robotaxi is that nobody, including Tesla has the tech. It is not even clear if the technology can be developed and if so, when. Thats the kind of thing to talk about at AI day or even company annual meeting. ER call is more definitive and shorter/medium term.
thesmokingman
Active Member
I guess that blows the it was on FSD FUD potential now?
Todd Burch
14-Year Member
Yeah, you're probably right. Well, at least it should work itself out in the longer run, but I think anyone thinking about options right now is a bit nutty.
Paracelsus
Active Member
“We admire the range of American companies that have innovated, including Tesla, which did so much to make EVs possible in America,” Buttigieg said in an interview on CNBC’s “Squawk Box.”
Transportation chief Pete Buttigieg credits Musk's Tesla for helping make EVs 'possible in America'
"We admire the range of American companies that have innovated, including Tesla, which did so much to make EVs possible in America," Buttigieg said.www.cnbc.com
"Tesla is the largest producer of EVs in the country. They’ve played a remarkable role in propelling EV revolution."
Pete Buttigieg: "Tesla is the largest producer of EVs in the country"
In an interview with Yahoo! Finance, U.S. Transportation Sec. Pete Buttigieg said that Tesla is the largest producer of EVs in this countrywww.teslarati.com
"And then you have the newer companies, the Teslas, Rivians, and so on that had been set up for this the whole time, but are themselves going through the evolution that would be required for them to hit the next level in terms of scale."
Pete Buttigieg gets real about the EV revolution
Recode spoke with the secretary of transportation about winning over rural drivers and surmounting other roadblocks to the EV transition.www.vox.com
Your point? All of those comments about Tesla made by Pete came after this administration had caved to the growing pressures of the public for this administration to acknowledge Tesla's leadership in the EV industry, and even Tesla's very existence. Recall that just the week before the oldest article you posted over 50,000 people had signed a petition to the White House to get Biden and his administration to acknowledge Tesla's leadership, and someone had even bought an ad in Times Square over the pettiness of it all. Americans were infuriated over the 'Mary Led and it mattered' campaign to try to rewrite history, and for having excluded Tesla from the White House EV Summit, not mentioning Tesla in interviews, side stepping Tesla questions and not evening mentioning Tesla or Elon when asked very directly about the company or the EV Summit. But its good you posted those articles proving Pete and the administration would later change course, as they are a great reminder that enough public pressure on any administration can bring results. Lets hope we see some similar results with the new petition to get the administration to reconsider Model Y criteria under the IRA.
Elon Musk and Tesla fans ramp up pressure for recognition from Biden with ad and 50,000 petition signatures
Elon Musk and Tesla fans are ramping up the pressure to get recognition from President Biden, who has had a...
electrek.co
Elon Musk and Tesla fans ramp up pressure for recognition from Biden with ad and 50,000 petition signatures
Fred Lambert | Feb 2 2022 - 3:16 pm PT"Elon Musk and Tesla fans are ramping up the pressure to get recognition from President Biden, who has had a clear problem acknowledging that Tesla is leading the electrification of the auto industry in the United States. Almost 50,000 Tesla supporters have signed a petition, and someone has even bought an ad about it on Times Square."
Biden's Failure To Acknowledge Tesla Is Wearing On Elon Musk
President Biden has yet to mention Tesla since he was elected. Instead, his praises go to unionized automakers just beginning to accept EVs. Musk takes notice.
insideevs.com
Jan 28, 2022 at 12:56pm ET
228
By: Steven Loveday
"As you are likely aware, President Joe Biden has pledged his support for EVs. However, his support is largely reserved for unionized US automakers, rather than US automakers that have already proven successful with EVs.
Since President Biden has been in office, he has failed to ever mention Tesla or Elon Musk. In addition, he has ignored SpaceX. With that said, Biden can choose to do and say whatever he wants to say. He can dislike Tesla or Musk for whatever reasons, and that's just fine. However, his failure to so much as even acknowledge that Tesla exists is bothering a lot of people on both sides of the aisle, as well as Tesla fans and foes.
It was understood that if Biden's EV tax credit passed, it would give extra incentives to automakers that are unionized. While any people disagreed with that, the President stuck to it. People, including Musk, took notice and repeatedly called Biden out for the "union credit.""
And of course this "Umm, I'm not sure" gem just before the administration caved:
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EVNow
Well-Known Member
thesmokingman
Active Member
Ironically, not enough light is shed on this as legacies move EV manufacturing to Mexico. There is not a facepalm emoji big enough for this.
US union upset about GM spending on Mexico electric vehicle plant - Canadian Manufacturing
GM has set a goal of switching all of its new passenger vehicles from internal combustion to electricity by 2035.
www.canadianmanufacturing.com
UAW chief blasts Ford plan to move electric car production to Mexico
UAW blasts Ford plan to move carmaking to Mexico
www.wltx.com
Union Leader: Stellantis Will Send Electric-Vehicle Jobs to Mexico
1,350 union workers are losing their jobs at an Illinois plant, an early signal about the staying power of green manufacturing jobs in the United States.
prospect.org
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