He said on Twitter at the time that the biggest dealbreaker was that small investors wouldn’t be able to come along. Here is the blog post:
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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He said on Twitter at the time that the biggest dealbreaker was that small investors wouldn’t be able to come along. Here is the blog post:
Nah. Dojo is purpose built for Tesla's workloads. It is not a cloud AI compute platform. Worlds apart.
At the time of the split, many years ago, Elon stated he didn't like OpenAI's focus on natural language processing. Elon and Tesla needed more work on vision, which is why he hired Karpathy away from OpenAI and had him focus on vision. This goes back like 7 years or so.
The irony is that while Tesla is close to solving vision, OpenAI is close to solving NLP, which, IMHO, is needed to easily train robots (so you can tell them what to do). Both vision and NLP are needed, I think.
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He said on Twitter at the time that the biggest dealbreaker was that small investors wouldn’t be able to come along. Here is the blog post:
Oh right. Yeah, that's kinda of the point of a public company, that it allows unrestricted retail investors, but then you have to deal with heavy handed regulation by the SEC, and, apparently, naked short selling (thanks Short seller Enrichment Commission!). Elon really didn't think that one through...
I don't remember it being a funding issue but lots of investors like Cathie Wood petitioned to not have Tesla go private, and that it was difficult to have retail keep their shares as a private company.
My understanding is that he did not follow through with the take private deal as there was no way to include retail investors. He mentioned Cathy Woods in the testimony today as having asked him to not go through with the prviate deal as her fund that has a lot of retail investors could not hold shares of a private company. He also mentioned feedback on twitter from several retail share holders that informed his decision.
navguy12
Active Member
Where does one get verified (real) numbers from US refineries on this subject matter?
As I pointed out upstream, at least in Alberta, there is a large use of electricity that doesn’t coincide with the population count.
Musk doesn’t really care about public/ private, he just pretty much hates derivatives which screw with the share price.He said on Twitter at the time that the biggest dealbreaker was that small investors wouldn’t be able to come along. Here is the blog post:
He sees shareholders as investors and anyone else is a parasite that destabilize the share price. I tend to agree with him. Though I’m a bit of a hypocrite there, since I have options.
Imagine how much less emotion driven and reactionary if you could only buy/ sell Tesla shares once a quarter.
scubastevo80
Member
That was partly my question - and thanks for your response. I am not doubting Tesla's manufacturing prowess, ability to sell cars at industry leading margins, or ability to continue to grow. I'm more concerned about how achievable it is to go from 1.3M vehicles to 20M vehicles in 8 years with the current line up, factories, etc given what happened in December with cars at the higher price points. I also believe that other car companies (whomever survives) will likely stick around because they've made Tesla-like improvements to manufacturing, etc.
The question was more regarding those who do a DCF on Tesla and are possibly reconsidering the number of vehicle sold several years out given recent inputs. If you think Q4 or 2022 was an outlier, then the goal maybe moves back a year. If you think the s-curve starts levelling off, then the entry point into the stock becomes more important. Again - this is more for the valuation argument given there's a contingent of folks here who are probably still up a ton with the stock in the low $100s, and others who could be down 50% or more.
Reno Gazette Journal - 15:10 EST today:
Tesla to build $3.6 billion battery, electric semi truck manufacturing facility in Northern Nevada
Excerpt:
...The new Tesla project will benefit from several incentives, said Haris Talwar, a White House spokesperson.
“They’ll get production tax credits and their vehicles … qualify for consumer tax credits from President Biden’s Inflation Reduction Act,” Talwar said...
Tesla to build $3.6 billion battery, electric semi truck manufacturing facility in Northern Nevada
Excerpt:
...The new Tesla project will benefit from several incentives, said Haris Talwar, a White House spokesperson.
“They’ll get production tax credits and their vehicles … qualify for consumer tax credits from President Biden’s Inflation Reduction Act,” Talwar said...
JRP3
Hyperactive Member
That may be because of more difficult to refine tar sands. EIA.gov should have the numbers for the US.
Which is incredibly nice of him to think about, as it put most of us into a much better position than we would have been if we were forced out back then. And of course we rewarded this by buying more expensive Tesla products with all the FU money we got from the shorts over the next years until the beginning of 2022 - love my 3 powerwalls and performance model 3He said on Twitter at the time that the biggest dealbreaker was that small investors wouldn’t be able to come along. Here is the blog post:
OK, that's two politicians confirming the investment (Nevada Gov. and White House). Can't wait to hear what Tesla has to say about it! I wonder if the Nevada Gov. got his days mixed up and Tesla was set to announce Wednesday at the earnings call rather than today. I mean, Tesla is in a quiet period??
Could be wrong but I think most of Alberta's oil is refined in the US, about a third is upgraded within Canada to lighter blends before being shipped south
navguy12
Active Member
Some time a few weeks ago, and probably in another thread, I noted how my (May 2018) TM3 suddenly changed what was being depicted on the UI with respect to the close quarters of my parking garage.
Much added details of my surroundings have been added to what has been depicted.
It was after I had installed 2022.44.25 or .30.
Based on what I see in the UI when in the close quarters of the parking garage, IMO the USS’s in my car have been decommissioned or, alternatively, they are running in parallel with the cameras.
The coloured arcs depicted around the front or rear of my vehicle used to also have a distance (from an obstruction) that would begin to show (in cm) countdowns from ~99 cm.
Now, the countdowns don’t show up until ~65 cm.
StapleGun
Member
Only 1115 more days like today to reach ATH!
MFST did well, Spy closed above 400 x2 days.
Interesting, so I wonder if Austin will still make the Semi too, or has that changed?
They are likely planning to make the Semi and the batteries for the Semi together in that one new Nevada plant. Would makes sense from a production point of view.
When did they ever say that Austin will make the Semi? (Hard to change something that was never said.)
In the Q3 shareholder deck they only said the Semi would be made in Nevada:
In the Q2 deck the location for the Semi production was still listed as TBD.
Olle
Active Member
That's true in the current state of largely separated markets. Once Chinese and Western cars saturate the global market, they will be compared like for like and the three first bullets will also cancel out in terms of being competitive advantages.
Long term it will come down to things like the ability to hire the smartest people, access to raw material, government favoritism and most importantly, pace of innovation.
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