agreed. Would give TSLA a leg up on all its counterparts. Would be huge news when Elon announces deal to but factory in China to produce its vehicles to the region. I suspect the only hold back now is TSLA waiting to hear when/what laws will be put into place for intellectual property. At that time, a deal should be made/announced soon after.
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2022 is for ICE passenger vehicles. EVs are this year. Tesla just got cleared to move forward with their Chinese production plans this year, which is a big win for them.
This is absolutely huge for Tesla. Market has not absorbed this due to the garbage about the 3 production line being shut for a week
K_Dizzle
Member
i remember seeing Tesla job postings about RE in China. This was during the trump tarrif scare and I thought Tesla was nuts. Turns out they knew exactly what they were doing
sweter
Member
I've never been big fan of the media, but following $TSLA and mainly this thread makes me so disgusted with them...
jeewee3000
Active Member
dc_h
Active Member
Not definitive of 5000 batteries per week, but implication that it’s over 2500 per week. I assume second grohman line was in process of being built before the first was completed and started being put together for local testing as soon as the first line was shipped. It took about 3 months to get the first line designed and built. Line 2 should be much faster.
I like Tesla on Twitter
Thanks! This is from I like Tesla on Twitter from March 29 -- so before the CBS interview last week where Elon confirmed battery production was still the bottleneck (at least as of the time of the interview).
It does seem likely that with the Grohmann equipment coming on line and battery production increasing Fremont is well on its way to becoming the bottleneck if it is not already.
Hogfighter
Professional Lurker
How I’ve traded over the past 5 years re: TSLA has been with the Hog Negativity Index (for those new here). When there’s no negative news, I scale back. When all you can find is garbage, I load up. It’s absolutely and completely ridiculous that the stock fall because of news that 3 production has halted for a few days. It’s myopia in the extreme.
I keep coming back to comparing Tesla to Porsche. Porsche, in my mind, is easily worth $40B. Both are producing luxury cars at around 250,000 per year with good gross margins. Except one of them is growing at 50% per year.
The HNI is back at a 9. Trade accordingly.
I keep coming back to comparing Tesla to Porsche. Porsche, in my mind, is easily worth $40B. Both are producing luxury cars at around 250,000 per year with good gross margins. Except one of them is growing at 50% per year.
The HNI is back at a 9. Trade accordingly.
Waiting4M3
Active Member
Another thing Elon rarely do, beat his own timelines
I'm sure AWD will happen when Tesla deems it appropriate.
pz1975
Active Member
I agree with this completely. I do a similar thing as you (although I don’t call my index Hog!). I don’t remember a time when the negativity had been this high except maybe for the weeks after that Tesla fan died while driving autopilot and completely ignoring the road.
sundaymorning
Active Member
The 2022 year is for legacy automakers. For EV it is by the end of the year. If anything this is another 3 year moat for Tesla, more profits for EV; hence, it may be the beginning of the end for ICE in China. Bet accordingly.
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Indeed. The China news is a huge long term positive for Tesla. The Model 3 production suspension for a few days is a minor short term blip. Meanwhile, Model S & X production is charging ahead at full steam.
Too many traders get fixated on short term noise. Fortunately, buy and hold investors, including institutions, have always given top consideration to the more important matters which can contribute to making the company a tremendous success in the long run.
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