Does this likely mean any large energy deal in Saudi Arabia won't happen? Or maybe he is only talking strictly about investor funding: Elon Musk says Tesla 'probably would not' take money from Saudi Arabia now
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EVNow
Well-Known Member
I doubt any big energy deal with KSA by anyone right now (except Chinese). Its become too toxic.
You have an endearingly innocent view of the likes of Halliburton and friends.
My feeling is when you have Trump as president, the mid term elections are non event. It doesn't matter if democrats will take over or republicans stay. Maybe I'am getting it wrong because I don't live in US
Chickenlittle
Banned
I believe he is referring to financing money. He is not refusing to sell products that tesla makes
From business point of view, a hawkish Fed is not bad for Tesla, as long as Tesla has enough customers to take the production. Seems to me that is the case.
On the other hand, higher rate tend to reduce material cost, also makes it easier for Tesla to hire people.
Hmm. What part of the SP looks "inexorable" to you?
Don't get me wrong - I do think we're probably now re-basedlined to a higher level. I think a sub-$250 SP would require a pretty significant force majeure event. And I think the peeling off of some of the shorts should decrease the volatility.
But it should neither eliminate volatility nor resistance. Tesla still needs to prove to the general investment community that it can do what it did in Q3 sustainably. What upcoming news is going to do that?
Exactly the thought. Stockpile them next to a port and you can have them wired into the grid anywhere in the world a few weeks later.
A 40-foot ISO container has 43,9 times the internal volume as a 100kWh powerpack. Now, with powerpacks, you also have to have power modules, not just energy modules, which argues for multiplying by less than 43,9 - but you'll also be able to use space more efficiently, and energy density will be growing. Let's just say 45x. So 4,5 MWh per container. A single cargo ship could carry tens of GWh. Equivalent to hundreds of the Australian battery farm.
Not bad at all.
Powerpacks are 210 kWh, so 1 MWh container is possibly in reach.
Chickenlittle
Banned
I suspect they are planning for day that modlS and modelX sales slow and maybe use some of the robots and factory sales for other models
Indeed they are, but not specific to any reported amounts, its a seasonally adjusted amount based on their prior models. My prior point that was this year is so disproportionate to any prior year in the past 10 for seasonal hiring, that the MODEL they use can be realistically low, but still influenced by BLS reporting.
We'll see in January.
@BenPrice @neroden OFF Topic warning
If you do, as we did at NIH in Bethesda and only supply 15 - 20 amp, 110v plugs and make folks bring their chargers, the most you can get in 8 hours is around 10kWh, or about $1.5 electricity and 21 work days/month. Only supply plugs at non premium spots nominal charges / month to use,, not free, you will still be overwhelmed by the usage, maybe a small electric shuttle if parking is way out in the boondocks like a GEM or similar
/back on topic
Updated my monthly chart. Still waiting for Audi to report, but they shouldn't impact the overall percentages all that much, so here we go.
My takeaways:
-Oct is the first month of a quarter, and we know Tesla ships further away in the first quarter than the last, so July is the obvious comparison. Oct vs July has Model 3 US market share rising from 48% to 52%, and Tesla US brand share rising from 13% to 15%.
-Model 3 market share in the US is now sustainably > 50% of the premium sedan market--In July it hit 48%, and since then has been 52%, 58%, 52%.
My takeaways:
-Oct is the first month of a quarter, and we know Tesla ships further away in the first quarter than the last, so July is the obvious comparison. Oct vs July has Model 3 US market share rising from 48% to 52%, and Tesla US brand share rising from 13% to 15%.
-Model 3 market share in the US is now sustainably > 50% of the premium sedan market--In July it hit 48%, and since then has been 52%, 58%, 52%.
Artful Dodger
"Neko no me"
No, it means CNBC just knocked $4 off TSLA. Let's see how long this lasts. Cheers!
shlokavica22
Member
They already did- Subscribe to read | Financial Times
However, as Elon mentioned in the last interview- they might have already sold that stake for all we know.
Edit- Source for the above (Full Q&A: Tesla and SpaceX CEO Elon Musk on Recode Decode):
All right. So the challenge you face is financial, though. Getting funding and stuff like that. And you’ve gotten ... Saudis had bought a big bunch of your stock, that’s just separate, they —
They might have sold it, I don’t know.
Sorry, can't read link.. FT is the worst with their paywall.
But, I saw all the posts back in August when this was first reported, but we also heard that Funding was Secured. I'm just wondering, was there an official statement or filing from the company that showed the PIF as having actually taken that direct investment? At this point with Elon's comments, it seems they are hedging a bit - again.
Saudi's fund bought "almost 5%" a while back. It's very unlikely for them to sell.
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