Krugerrand
Meow
I’m just going to go with logic. You can always count on people to behave like people. Unless you can point to some sort of evidence that suggests a leaf was turned over after 2008 and everyone ‘there’ became model human beings...
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I’m just going to go with logic. You can always count on people to behave like people. Unless you can point to some sort of evidence that suggests a leaf was turned over after 2008 and everyone ‘there’ became model human beings...
Lol well when I'm reading tweets on Twitter I consider them pretty much hearsay so I didn't want to mislead anyone into thinking I read some knowledgeable source...though yes I did double negative it...
Tough to say there, Tesla semi would be more disruptive probably ...my only hesitation with your conclusion is that the M3 and Model Y are based on the exact same vehicle platform which would make the Model Y a much more logical next step since it would be much easier to build the lines for.
I am sure there are people close to him already told him that. I guess this is him lash out because he just can't take it that people treat his good will like that. Even the diver who asked him for help does not back him up. I would be really pissed if I were him.
Well, I guess Elon is not as mature as we would like.
MBA 101... Rule #1. No one EVER puts up $millions, much less $billions without conditions. That is a given in the LBO/EBO "go private" game.
If Elon was really concerned about his investors he would stop tweeting nonsense that hurts the SP, and start acting like the CEO of a $50+ billion dollar enterprise. That would give FUDsters a lot less ammunition to write negative stories.
In my personal opinion, the heightened U.S. delivery will be temporary, as Tesla fulfill their PROMISE to rush as many cars as possible to game the tax incentive deadline.
Starting from Jan 2019 a significant portion of the production will be shipped overseas. Delivery in U.S. will drop. I don't think it is wise to fully provision the delivery system for a temporary peak.
One thing that is helping is that once the people finally get their cars the "bad" seems to fade away. Whether that will continue remains to be seen. But the entire delivery structure needs an overhaul. Ex. Why is someone in CA or NV setting the delivery dates before the vehicles have even arrived? Let the DC people do that once the car arrives and can be inspected for flaws or damage. That right there would eliminate 90% of the canceled deliveries. The ISA's should drop off the radar once they confirm the vehicle is shipped. From there all reporting to the customer should pass to the DC personnel.
No one seems to be saying they should provision it that way. Tesla set up a temporary arrangement in Toronto to deliver hundreds of cars a day in June. Exact numbers were never revealed but it got the job done. People came from hours away to take delivery in time for the $14,000 rebate. Tesla seems to have done something similar in Vancouver, BC. That could easily be duplicated with roving teams traveling to cities in the U.S. on a set schedule to handle the DC overflow. Many of the staff in Toronto were temp hires. It just takes leadership, a plan, and lots of coordination.
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Krugerrand
Meow
No one said there wouldn’t be conditions. Conditions doesn’t equal control.
Don’t even try that bs argument. Elon has been clear from day one to all investors. If you are concerned about short term SP, don’t invest in Tesla. If you don’t have the stomach for volatility, don’t invest in Tesla. If you don’t like how he/Tesla does things, take your money and invest it somewhere else.
The fact Tesla is already a $50B enterprise has been a boon for any investor who bought and held. A lot of millionaires have already been made - long before you showed up here.
The fact he gave up his desire to take Tesla private because of retail investors not being able to follow shows he cares about them. Dozens of people wrote in this thread and other threads all torn up they wouldn’t be able to hold their shares in a private Tesla. How quickly we forget the angst and anger. And despite changing his mind leaving him wide open for more ridicule and abuse he still did it.
I have no problem with Elon being Tesla CEO sometimes and Elon being regular people sometimes. I don’t expect him to be in CEO mode 24/7. That’s a ridiculous expectation. That others do is their problem, not his.
No one is being forced to invest in Tesla. If you don’t like non-CEO Elon and believe he’s affecting you negatively, then sell and be a happy camper instead of wallowing in a bunch of toxic anger because it’s not going your way and you can’t control the situation.
As a long term retail investor, I’m happy with CEO Elon and with but a few exceptions (none of which have happened), I don’t care what regular people Elon does. No, I don’t care he’s having a spat with some guy who does jerk just as good as anyone else. That you and others want to run with that and make it about Tesla is a reflection of your inner conflating jerk. And before you try and twist what I’ve posted, I’m not condoning or supporting certain behaviors, nor am I expressing an opinion on the matter in general. The latter I keep to myself.
Krugerrand
Meow
It’s like you’re new here or something. There have been occasional less than ideal delivery experiences since Model S over 6 years ago. And look, people still buying Teslas, optioning them out, upgrading, selling to friends and family etc... I’d say that’s more than enough evidence and no need to wonder what will continue to happen.
Here’s an interesting fact for you, people have been having bad car buying experiences via the current dealership model for DECADES, yet people still buy cars from dealerships. Imagine that.
mickificki
Member
This post confuses me. While it is late and I don’t have time to go over every detail, some things jumped out at me:
Working capital is current assets minus current liabilities, not assets minus liabilities, as stated above, which is the definition of net worth; two very different measurements.
How would the value of Auto Pilot affect working capital? Is AP considered a liquid asset? Will it convert to cash in one year or less? Is it part of inventory?
Working capital has to do with how much cash and short term assets a company has on hand to meet short term liabilities coming due. It has nothing to do with the market value of a company, hence, AAPL’s trillion dollar market valuation is not related to its current WC position. Sure, it could raise cash, but future possibilities are not present in balance sheet analysis since the balance sheet is a snapshot of the financial condition of a company as of a specific date.
Mechanics Liens are not just accounting expressions and they are not used by lenders! They are used by contractors and subs to secure payment. Lenders are alarmed by Mechanics Liens because they take priority of lien and threaten lenders’ secured rights. Most arise and are satisfied in the normal course of business, but a lender will not lend, refinance, modify or amend with ML’s present because they can’t perfect their lien. Obviously when a company is seeking financing for expansion, ML’s can have a negative impact on the process.
Kate
It may be a temporary peak but it will have lasting negative impact. A bad experience is a bad experience, no excuses.
When people ask these customers about their Teslas it will now come with a nightmare story about their delivery.
They could have temporarily staffed up, they could have used a best practice learning center, a dedicated fix-it team, etc. What they haven’t done is solve the delivery issue after months of bad reports.
Fact Checking
Well-Known Member
Intangibles like AutoPilot can almost certainly not be categorized as 'liquid assets'. Could they be borrowed against in practice, if needed, on short notice? Certainly. Does Tesla need to borrow against intangibles: they don't need to, because they have open credit lines they can utilize and they have other fixed assets they could still use as collateral - but most importantly, there's a significant amount of cash flow coming from operations, starting this quarter.
The point I tried to make there is that both Apple and Amazon are trillion dollar companies with a fraction of a working capital. Does this in any way reflect negatively on their creditworthiness or on their ability to pay? It doesn't (not the least because they are cash flow positive) - yet Tesla shorts are making that argument in Tesla's context and are unwilling to recognize that Tesla is going to become cash flow positive in Q3.
The other point I tried to make is that for Tesla significant categories in current assets are under-valued and significant liabilities that are over-valued, which in itself creates an artificial working capital imbalance in itself.
You are right, my description mis-characterizes them - but my essential point remains: ML's are used as part of the continued smear campaign against Tesla: there is probably nothing Tesla can do to prevent a subcontractor they have a dispute with from filing a mechanic's lien based on work performed or equipment installed - Tesla did 'scrub the barnacles' in Q2 after all.
The total outstanding amount in dispute with ML's is less than 10 million dollars...
I have this feeling that TSLA bulls have misplaced expectations on the share price and that is the cause for much of the angst. Every time the share price falls a bit, people here say, this is the lowest it can go, I am getting my dry powder, etc. I dont think markets work that way. The share price can swing wildly and no number is too low or too high for a stock like TSLA.
Very good statement which brings it to the point. I wonder why Noone ever thought about the reasons why he is doing all of this:
-NYT interview crying about having no time for family
- Aggression against nonsense (pedo story)
- his use of words
This all does in my opinion just clarify that this guy is on huge stress, whatever may be the cause of this stress is up in the air (failed going private, production hell missed targets, Sec investigating, loss of his crazy girlfriend, loss of battle against shorts, no free time, competition, missing targets and promises, personal financial situation, loosing of trust by investors ).
To me it is clear some of the above are true I just hope Tesla is doing good.
What sort of podcast is this - will it be business focused or a bit of everything?
Fact Checking
Well-Known Member
This is potentially very significant news beyond the podcast itself, because back in June Elon indicated that he'd only have time for the Joe Rogan interview after Model 3 production reaches a 5k/week sustained rate:
"A lot of people whose judgment I respect have suggested this. Sounds like a good idea. Will do so after Model 3 production reaches 5k/week steady."
Apparently this must have happened in the recent past. Maybe he'll talk about this in the podcast.
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These are usually 2 to 3 hours long podcast in which they can talk about anything that comes up.
I guess Elon will have plenty of time and opportunity to talk about anything he wants to.
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