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Still off topic a bit... I read this wrong first time, and thought you meant a charging shuttle... concept? Electricity delivery truck? Charge at work? Hmmm. EU might like this.
shlokavica22
Member
The headline is: Saudi Arabia’s sovereign fund builds $2bn Tesla stake. Search for it from Google and follow the link (it should give you access for a couple of articles).
X Fan
Active Member
It's a shame that the shorts have forced Tesla to slow down their CAPEX. Getting the Y out earlier would be a better match for current market demand.
humbaba
sleeping until $7000
wrt the rumored trade deal with China -- IMO this is just Trump maneuvering for the elections. Even though he isn't actually running for election, to him he is. And he's been upset with things that he thinks make him look bad: like his Fed raising the rate, or his trade war impacting the stock market.
Expect all sorts of lovely words in an effort to rally the market in the short term so that he can feel that he has won, then be dropped like a hot potato as soon as the elections are over. Unless China really does capitulate and acquiesce to his every demand -- in which case he will gloat like there's no tomorrow.
What does this mean for market action? I expect cautious gains until the other shoe drops, then another reversal whose depth is determined by how badly Trump goes after China. In other words, I expect that (as a whole) the market is anticipating this two-faced, self-serving behavior so pre-election gains will not be substantial.
Expect all sorts of lovely words in an effort to rally the market in the short term so that he can feel that he has won, then be dropped like a hot potato as soon as the elections are over. Unless China really does capitulate and acquiesce to his every demand -- in which case he will gloat like there's no tomorrow.
What does this mean for market action? I expect cautious gains until the other shoe drops, then another reversal whose depth is determined by how badly Trump goes after China. In other words, I expect that (as a whole) the market is anticipating this two-faced, self-serving behavior so pre-election gains will not be substantial.
Indeed, I can read that. And all the other news reports of this investment simply say "according to the Financial Times". My question is still about is there some other corroboration about this investment?
And Elon's comment about "they may have already sold it", well why on earth would they sell it at a loss? Maybe it was prior to the PIF fund report and prior to "funding secured" pop, so they may have sold it after that, or at loss after THAT but I don't see a large sovereign fund like this TRADING. So, if Elon says "i don't know" they may have sold it, why?
Just as a math exercise, 2B$ in shares at lets just say an average 325$ per share (I would hope the Saudis had entered at a better price than this) that's over 6 million shares, which should put them in the top FIVE easily. I have looked at lists of "major fund, investors" holders that go all the way down to 1.7 million in shares held. And yet, I can't find ONE list that shows the PIF or other Saudi Fund or investor on any of these lists?
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Tesla Says SEC Issued Subpoena To Automaker Over Model 3 Production
WTF? SEC issued a subpoena about (a) Mr. Musk’s prior statement that he was considering taking Tesla private when they have already settled?
On the other hand, the market didn't really move much from this news.
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In particular, the SEC has issued subpoenas to Tesla in connection with (a) Mr. Musk’s prior statement that he was considering taking Tesla private and (b) certain projections that we made for Model 3 production rates during 2017 and other public statements relating to Model 3 production. The DOJ has also asked us to voluntarily provide it with information about each of these matters and is investigating.WTF? SEC issued a subpoena about (a) Mr. Musk’s prior statement that he was considering taking Tesla private when they have already settled?
On the other hand, the market didn't really move much from this news.
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.
But where to charge it. Maybe they can put in a Supercharger and just charge it for... 38 hours per container.
shlokavica22
Member
Because she attached very negative connotation to the Saudis. She was highly political about it.
larmor
Active Member
This is Market manipulators and collusionists trying to gauge reactivity of Tesla as a security to news articles. Since there was relatively little reaction General institutions are realizing and presumably algorithms as well that Tesla is indeed a company that makes, produces, sells and delivers high end cars at a large margin. With a simple calculator that will only add up to more profits.
davecolene0606
Member
One can spew high levels of confidence when ones track record includes doing a multitude of things deemed “impossible” whilst Simultaneously making money at it.
Neither of these feats can be attributed to the spray tan man. In fact the opposite is so shockingly, demonstrably true, that anyone who tied themselves to this out of control train wreck will be suffering an identical fate as those riding the short train.
Rant over
Fire Away
(Edit:changed bravado to high levels of confidence as bravado has connotations of the kind of crap the spray tan man spews)
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Inexorable is of course dependent on time frame. For me and my crystal ball it is the next 2-3 years.
YMMV of course.
sundaymorning
Active Member
We should recycle old news that Tesla is now profitable, every single day of the week to remind shorters quarter 4 will be another blowout.If you have no new news...
Zhelko Dimic
Careful bull
This is from todays' 10Q and part about SEC asking Tesla about production numbers IS a new information, so I don't get that anyone thinks this wouldn't be reported? Now, market doesn't care, so that's fine...
Actually, if time is of the essence it should not be too hard to air drop them with parachutes from a suitable cargo plane.
The Soviets and later the Russians have that capability with e.g. their heavy cargo plane IL-76 that each can air drop several IFVs (each a good dozen metric tons). Being less risk averse, they do it with the crew inside - even in peace time, so the lithium-ion cells that like a human-friendly environment should be able to manage the landing too - at least when the elaborate parachute system works, which is most of the time.
Russia Developing Parachute System To Airdrop Armored Vehicle With Personnel Inside
X Fan
Active Member
Toyota on a roll this week....announced a 1M worldwide recall due to air bags that comes just after the 400K recall for engine stalls......
Model 3 anyone?
Model 3 anyone?
Buckminster
Well-Known Member
Porsche takes back Nurburgring lap record title | Autocar
Checkout the comments. EVs are winning the sports car race to people's hearts. Porsche losing...
Checkout the comments. EVs are winning the sports car race to people's hearts. Porsche losing...
He’s similarly hyped all the previous cars, and they all lived up to it, every time.
JRP3
Hyperactive Member
The latest spin from Anton is that Q3 wasn't really profitable because of 137 million in non ZEV credits and the possibility that about 1,500 cars were sold to a fleet
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