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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
MartinAustin
Active Member
He evidently had no plans to get a Cybertruck and certainly did not have a reservation placed within the first week in 2019 - which is what corresponds to the Cybertrucks getting delivered now. I am happy that my reservation is like #1,300,000 because I want bugs to be worked out and whatever other improvements (plus, it will be finished off - locking diff etc.). But I can imagine some early reservationholders to be annoyed by Tesla's departures from the reservation list and all the youtubers driving around in the first few thousand Cybertrucks, making money from their vehicles. (Sandy Munro, Greggertruck etc..) Still, they're only $100 in... unlike Roadster 2 buyers who put down $50,000 or before mid-2019!!! (Those guys are entitled to be frustrated)
MartinAustin
Active Member
What a clusterphilter.
Once again... Elon advised them to get one factory working nicely before starting any others.
Boy, I sound whiny today
Hey, some of us are 100+1000+500 in at this point.
@DirtyT3sla is still waiting on his and he's already paid for it.
Still, I'm happy for anyone who gets it and enjoys it.
Lars did state he is proud of the increased quality coming out of Freemont. Good news. At 1:45 into video.
Former F1 engineers on the payroll. Cool.
Could also put solar over parking.
Joe’s videos seem to suggest a good rate at the moment - looks like maybe around 100 a day perhaps
dhanson865
Well-Known Member
I don't trust your source data there. You show a bigger 2019 than 2017 but the OICA numbers say 2017 was peak car sales.
They haven't published 2023 yet so I can't speak to 2023 returning to 2017 levels but I trust this data more than some chart you cropped so tight we don't even know the source.
sauce (inet slang for source) www.oica.net
oh, yeah, source data is from there I bothered to make the bar chart.
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2daMoon
Mostly Harmless
Lol, yep that's a Pontiac Aztec right up it there!
Cheers to the Odd-Balls!
Initially upon seeing the photo it looked like a love child conceived between a Jeep Cherokee and a Gremlin. (which involved interbreeding as both were AMC cousins back in the day)
It doesn't look bad. I think it would catch on.
To be clear, I'm speaking about the Rivian, not the Pontiac.
Edit: after getting through the posts it is clear I wasn't the only one making this Gremlin connection. FWIW, I always kinda liked the Gremlin, not so much with the Pacer, or the Aztec above.
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From statista.com - the only thing I cropped off was a projection for 2024 (which also showed growth, but it’s only a projection so I cut that off). Global car sales 2019-2023 | Statista
But your chart above shows the same thing mine did: Interest rates bottomed out at all time lows in 2020/21, and as interest rates have risen since then car sales have also increased as well from pandemic lows.
Also, according to the chart you have above, car sales indeed peaked in 2017, and then started receding, yet Tesla was growing units very fast over that period.
So why is tesla growth rate in 2024 suddenly supposedly heavily reliant on interest rates and overall auto industry growth, when it wasn’t at all in the past? If that is true, what has changed? Why can Tesla no longer rapidly gobble up increasing marketshare anymore?
MartinAustin
Active Member
The sky is falling!!! Tom Zhu just sold $120,000 worth of Tesla stock.
Not 120,000 shares... $120,000-worth. He's buying himself a Cyberbeast?
Not 120,000 shares... $120,000-worth. He's buying himself a Cyberbeast?
$121,716.10 to be precise, and the sale was to cover the taxes on his options that vested:
3. PURSUANT TO THE ISSUER'S EQUITY PLAN AND POLICIES, THESE SHARES OF COMMON STOCK WERE AUTOMATICALLY WITHHELD AND SOLD BY THE ISSUER TO SATISFY THE REPORTING PERSON'S TAX WITHHOLDING OBLIGATIONS RELATED TO THE VESTING OF RESTRICTED STOCK UNITS REPORTED HEREIN.
I had someone say the same thing about my Nissan Leaf back in 2012, at a Nissan event in Miami. Worst insult ever.
After seeing what Rivian announced today (R2 & R3), followed by the news that they are pausing work on their Georgia factory, in my opinion that entire event was designed as a sales event.
Not to sell vehicles, but to position the company itself for sale.
I don’t see any other explanation as to why you would announce two new mass market vehicles with attractive pricing, and then announce that they will build them at their existing plant (which can only be at low volumes) and pause construction on the high volume factory.
Basically it’s saying, we have designed these really nice vehicles, we have proven consumers love our current 1st generation vehicles, so how about someone with plenty of cash buy us so they can either finance our factory expansion, or convert their own existing factories to build our designs.
Not to sell vehicles, but to position the company itself for sale.
I don’t see any other explanation as to why you would announce two new mass market vehicles with attractive pricing, and then announce that they will build them at their existing plant (which can only be at low volumes) and pause construction on the high volume factory.
Basically it’s saying, we have designed these really nice vehicles, we have proven consumers love our current 1st generation vehicles, so how about someone with plenty of cash buy us so they can either finance our factory expansion, or convert their own existing factories to build our designs.
> Not to sell vehicles, but to position the company itself for sale.
I wouldn't be surprised if Tesla bought them. Expand their offerings and use their manufacturing expertise to build them profitably. Rivian also has that van they are building with Amazon. Cybertruck is cool, but I think Tesla could sell more Rivian style vehicles than Rivian can and make money doing so. Maybe keep it as a separate brand.
I wouldn't be surprised if Tesla bought them. Expand their offerings and use their manufacturing expertise to build them profitably. Rivian also has that van they are building with Amazon. Cybertruck is cool, but I think Tesla could sell more Rivian style vehicles than Rivian can and make money doing so. Maybe keep it as a separate brand.
Knightshade
Well-Known Member
I would.
The company is fundamentally unprofitable with current models.
Future models don't actually exist yet and are even a bit further out than Teslas next major new model.
What value would Tesla get out of the purchase at all?
I mean, they've got to be at least 15 better, it's right in the name!
Starting production at the existing plant is the right move for Rivian. If Tesla can produce 500,000 cars a year in Fremont, they can at least start production of the RS2/3 in Normal. There is plenty of land there and It’s more cost effective.
There is no reason to think they can not attain adequate production levels of the new models there.
Tesla and SpaceX have historically not made large acquisitions and when they do acquire it’s always something specialist they don’t already do.
Buying another automaker would be totally out of tune with “first principles” thinking. Anything they could get from Rivian, they could do better and more efficiently in-house.
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