Has anyone seen FOMO?
I could have sworn they would be here by now...
I could have sworn they would be here by now...
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Who here know who Sessa Capital is? Well I did not. Turns out they are the largest net put holder of Tesla's stock:
Ex Fund Manager Alexandra Merz dives into who is shorting TSLA.
Ex Fund Manager Alexandra Merz dives into who is shorting TSLA.
Knightshade
Well-Known Member
FWIW it appears the equivalent in the US of a preliminary injunction (and the story if it hasn't been updated since I clicked 10 minutes ago shows they haven't ruled on certain parts yet)- so definitely good news for Tesla but not a finished-issue item at this point.
Artful Dodger
"Neko no me"
Alexandra Merz (@TeslaBoomerMama) lays down the smak on the current (remaining) crop of TSLA short hedge funds. Turns out (as of Q3 2023), the largest offender holder of naked Put positions was a little-known NYC/Delaware/Cayman Islands Hedge fund called "Sessa" (set saail, BABY!)
EXCLUSIVE: Blowing the Lid Off TESLA’s Short Sellers w/Alexandra Merz | Brighter w. Herbert (1 hr ago)
EDIT: Ninja'd by @Christine69420
Side-burn to shortzes for calling out Retail investors! Who's stank now?
Cheers to the Longs!
EXCLUSIVE: Blowing the Lid Off TESLA’s Short Sellers w/Alexandra Merz | Brighter w. Herbert (1 hr ago)
EDIT: Ninja'd by @Christine69420
Side-burn to shortzes for calling out Retail investors! Who's stank now?
Cheers to the Longs!
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Artful Dodger
"Neko no me"
Yeah, or some form of 'warranty refund' if you don't need service. Either way, it's building brand loyalty, and a far more effective means of advertizing.
@Elon did you catch this?
WORD!
I think the delivery event is early this time because they need to deliver the trucks that are currently on display throughout the country. Can't do that if the stores are closed.
Artful Dodger
"Neko no me"
The ruling is temporary until it can be heard. An Emergency Motion is what we call them here.
Terminator857
Active Member
Is The Lithium Crash A Buying Opportunity? - RIA
Lithium prices and shares of its largest producer have fallen significantly despite sustained strong demand. Is this an opportunity?
realinvestmentadvice.com
What Caused the Dramatic Drop in Lithium Prices? | OilPrice.com
The price of battery-grade lithium carbonate has experienced a significant crash due to an oversupplied market in Asia and a slowdown in the global adoption rate of electric vehicles.
oilprice.com
Lithium price rout deepens with battery metal now down 75% this year
Chinese prices of lithium carbonate are down 20% so far this month.
www.mining.com
Battery prices dropped 14% from last year:
Battery prices are falling again as raw material costs drop
Prices of key battery metals — especially lithium — have fallen dramatically since January.
www.mining.com
Well, they’ve got SOME kind of agenda. The link doesn’t carry me there so I cant read the exact wording but right off the top, the 2021 figures they cite aren’t even vaguely pertinent.Another FUD piece, this time an editorial written by someone with no fossil fuel agenda/S
(Paywalled, Toronto Globe and Mail)
Opinion: Why government mandates on electric cars will not work
In 2021, only 66,800 fully electric vehicles were sold in Canada, a tiny 0.04 per cent of the vehicle stockwww.theglobeandmail.com
The following, however, is:
Canadian electric vehicle registrations inching closer to Liberal government’s target
THE CANADIAN PRESSPUBLISHED AUGUST 3, 2023
Statistics Canada published updated registration numbers on Wednesday for January, February and March, when 30,533 battery-only and plug-in hybrid vehicles were registered. That amounted to 8.6 per cent of vehicles registered in those months.
That was an improvement over the same three months in 2022, when 26,018 EVs were registered, or 7.7 per cent of the total. But it was down from the fall of 2022, when 33,399 new electric vehicles were registered, or 9.6 per cent of the total.
The fall was the best quarter for EV registrations to date, inching closer to the milestone where one in every 10 vehicles added to Canada’s roads are powered by batteries. But Canada wants that to be one in five vehicles by 2025, and more than one-in-two by 2030. By 2035 the goal is that no passenger vehicles sold will have combustion engines.
View attachment 994122
Quote: With lithium supply growing more next year, we are likely going to see prices falling furtherIs The Lithium Crash A Buying Opportunity? - RIA
Lithium prices and shares of its largest producer have fallen significantly despite sustained strong demand. Is this an opportunity?
What Caused the Dramatic Drop in Lithium Prices? | OilPrice.com
The price of battery-grade lithium carbonate has experienced a significant crash due to an oversupplied market in Asia and a slowdown in the global adoption rate of electric vehicles.Lithium price rout deepens with battery metal now down 75% this year
Chinese prices of lithium carbonate are down 20% so far this month.
Battery prices dropped 14% from last year:
Battery prices are falling again as raw material costs drop
Prices of key battery metals — especially lithium — have fallen dramatically since January.
Yeah, this is classic commodity market behavior. Chinese govt was goosing the lithium market last year through production and refining subsidies and govt loans, you had supply chain disruptions, and all the OEM EV makers were paying through the nose to buy batteries. This year, supply chain woes have eased, all that Chinese processing/supply has come onto the market (as well as extra Australian supply). Both the US and Chinese economies have slowed down, resulting in less demand, and EV sentiment in the US auto OEMS has reversed.
So we are in a temporary commodity glut right now. What will be telling early next year is if junior mining producers can get funding for their projects and/or if the existing producers continue to fund expansion. They all should, but whether the finance market agrees is another question. If the lithium market overreacts by delaying new production, then we'll get yet another price spike.
None of this matters too much for Tesla since they are big enough and smart enough to lock in long term price contracts. That chart above is spot pricing, so it really only affects the margin of the market. What the majority of the producers get and what the battery producers pay is largely unknown since those are all private long term contracts.
For an even better win-win, Tesla could offer reasonably priced extended warranties for existing owners of certain models, doing what you suggested while still bringing in a little more revenue.Yeah, or some form of 'warranty refund' if you don't need service. Either way, it's building brand loyalty, and a far more effective means of advertizing.
@Elon did you catch this?
WORD!
Expectations lowered for Q4 by Wall St.
Right $2500 for a four year warranty with $500 each time you bring it in is not enticing at all. (Unless the terms have changed from what I remember).
I must admit, 2023 has not gone the way I expected it to for Tesla. Even my conservative estimates at the start of the year were not this low, I just never saw them lowering the boom on prices and margins the way they did.
Ah well, it is what it is!
Mike Smith
Active Member
I must admit, 2023 has not gone the way I expected it to for Tesla. Even my conservative estimates at the start of the year were not this low, I just never saw them lowering the boom on prices and margins the way they did.
Ah well, it is what it is!
This year's profits will matter as much to Tesla as 1998 profits mattered to Apple. Destroying the competition right now is what matters. As the EV market matures there will be no new entrants as the barriers to entry become too high, just like happened in the ICE vehicle market. Competition destroyed now before it gets a foothold will never return. The market doesn't understand this so they whine about a year or two of lower margins.
My only concern about the price drop was that they may have blown their wad all at once with that huge drop at the beginning of the year. We've seen a bit more since then, but if 2024 does end up with a material recession, not a lot of ammo left...I must admit, 2023 has not gone the way I expected it to for Tesla. Even my conservative estimates at the start of the year were not this low, I just never saw them lowering the boom on prices and margins the way they did.
Ah well, it is what it is!
insaneoctane
Well-Known Member
This article doesn't paint a pretty picture of how this looks (image) for Tesla in Sweden...
Instead, around 90 percent of Swedish workers are covered by collective agreements, a type of contract that regulates the relationship between employers and their employees, including pay, pensions, and working hours.
“We note that Tesla has chosen to take the long route, starting legal proceedings,” says Veli-Pekka Säikkälä, national bargaining secretary at IF Metall. “There is a simple and quick way to solve this situation, and that is to sign a collective agreement. As soon as Tesla does that, the conflict ends.”
www.wired.com
Instead, around 90 percent of Swedish workers are covered by collective agreements, a type of contract that regulates the relationship between employers and their employees, including pay, pensions, and working hours.
“We note that Tesla has chosen to take the long route, starting legal proceedings,” says Veli-Pekka Säikkälä, national bargaining secretary at IF Metall. “There is a simple and quick way to solve this situation, and that is to sign a collective agreement. As soon as Tesla does that, the conflict ends.”
Tesla Is Suing Sweden
Unions are boycotting Tesla’s business operations in Sweden to pressure it to sign an agreement with its workers. Now Tesla has decided to sue.
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