Yes. Though if Tesla published its user to charger ratio, and promised to keep it below a given number, expansion to other parties would work to advantage Tesla drivers, providing more supercharger locations.
If you read the German reports in the media they sound very different to what Fred wrote. German local media said that the main message is that the two plants will stop production ICEs and people will offered compensation to leave. So this is like a lay off announcement. The announcement to produce for instance the Aero EV in Emden is named to be in 2022 or later and called not a certainty as they do not know if their cars will be a success. So it sounds to me like VW did announce today to stop production and relocate due to low demand but wants to make the media believe they start EV production. Although I hope they will, VW still needs to release a vehicle that is competitive and drives enough demand to justify the CapEx to build a new production line. So far I have not seen a single good EV from VW. Also its often confused that you can reuse equipment from ICE production which is false narrative. What they likely can use is the building and maybe the paint shop beside some other smaller elements and the press but the entire change is like building a new plant. Some of the workers you will be able to train and use for EV production but many won't be required. The articles talk a lot about "could" and "would" but no clear decision VW also announced to start production for new Diesel Vans in Hannover for instance. So that does not sound like they shift gear and go full electric at all. What VW announces and what they do is like two separate items.... Freds report about VW sounds to me like they printed the press release from VW but did not read any other source and validate which is what I expect from anybody who does decent reporting. Also it looks like they do not have a native German speaker reading the press or did translate themselves. That should be a base for reporting. He is often very fast with pushing information out but I find it disappointing that they just repeat what VW said without critical assessment. Sometimes it is better to be slower but more accurate and balanced. VW-Belegschaft bekommt zusätzliche Beschäftigungssicherung Passat künftig aus Tschechien?: VW-Mittelklasse vor Produktionsaus in Emden - WELT
Sudden jump in the SP, any news or just a random blip? EDIT: Wait, I see the same thing in Dow and NASDAQ...
Screenshot - 55bf6f987a4eb9f08258cecd0c2c01e7 - Gyazo RIEF-T Rowe Price Associates Inc Raises Share Stake In Tesla Inc Nov 14 (Reuters) - T. Rowe Price Group Inc <TROW.O>: * T ROWE PRICE ASSOCIATES INC RAISES SHARE STAKE IN TESLA INC BY 45.7 PERCENT TO 17.38 MILLION SHARES - SEC FILING * T ROWE PRICE ASSOCIATES INC - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2018 Source for the quarter ended September 30, 2018: (EDGAR Filing Documents for 0000080255-18-002962) Source for the quarter ended June 30, 2018: (EDGAR Filing Documents for 0000080255-18-002799) (([email protected])
i love seeing the insane amount of interest and demand Tesla evokes. Can you imagine any other carmaker generating a line around the block just because a dealership got a new mass-market car in its showroom?
Disruption. Although I'm sure they will pay a distillery to make the product for them, potentially with a new recipe.
No cost except for pissed off Tesla owners the first time they have to wait to charge because some other brand of EV took the last charging space, or slowing the charge rate on an adjacent charger. And it wouldn't be fair to offer the non-Tesla EVs a charging opportunity in the first place if they were only prioritized below Tesla's charging... Unless Tesla expands their charger network so much that there's enough to go around for everybody, including other automaker's EV's... which might be a really good marketing plan. Or maybe if Tesla owners think the other brands are actually paying enough to cover the costs of expanding the network.
I'm pretty sure we knew about this some weeks ago already, but I don't think it was widely reported as it was pre-earnings, in the days when only bad news and FUD made the headlines...
Reuter's date is today so seems new. Seems like big players are buying up, I believe other big players will be buying as well and we will see a big move up soon.