Waiting4M3
Active Member
That is probably a symptoms of media trying to spin a little snippets from Tesla into a longer article so they can get more clicks, no offense to Fred.
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Tomorrow at 1PM PDT we will be discussing the latest Tesla Shareholder Meeting on the TMC Podcast. You can watch live on YouTube or X and participate in the chat.
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I'm going to go with Tesla/ Elon hedging the data.
Tesla says: we hit 32 UPH at one point and we can do 500 a day That is the conservative easily achievable target.
Fred and I say: 32 means they could do >5k in a
EDIT: Thanks @wipster
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lols, no, not necessarily.
not sure if you were just joking or were wondering why I thought issuing shares was preferable to paying cash. when Tesla created the convertible they also spent money on a hedging instrument that will considerably reduce the amount of dilution that will occur if the convertible holders ended up taking shares instead of cash. if my memory is correct, something like an 80% reduction in the diluting impact if the share price doesn't rise above ~$5xx at the time the bonds are due. I would imagine the hedge is useless if the price of the stock is below $360 and the bond holders want cash rather than shares, but, I may be mistaken.
@mongo & @SteveG3 you guys make my day ~ thanks
During my youth, folks would say, "don't knock it till you tried it." They usually were referring to marijuanaWell, I tried it. . . I bought stock beginning in 2013 in Tesla, and I liked it ~ have been building my Tesla impire ever since. The side effects have been mixed, but unlike marijuana I like all things electric ~ especially Tesla. Marijuana for me is a bust, it was back in 1972, and for me does not work medically today. That is not a scientific study, it is just me
Sorry, got off track there a bit
Steve you brought up a very important point at least a week ago, but I did not want to hijack your points about battery life. We have owned Xena just over a year and she still charges routinely up to the same charge daily. The only variance is one charger is the NEMA 14-50 at our Oly house and Tesla charger at the lake house. The NEMA 14-50 charges shy a mile or two, by comparison. If I had money to burn or could do it over again, I would install the Tesla charger in both locations. FYI ~ once done driving for the day Xena is plugged in for the duration until taken out for a spin
Mongo, Tuesday evening following dinner with the grandpups (called date night ~ Mom & Dad go one direction, we and the kids go another); were heading home when. . . I did NOT have autopilot on, I say again, I did NOT have autopilot on when instead of my wife yelling at me, Xena gave me the "what hell are you doing" treatment. All kinds of bells and whistles went off, I hit the brakes, we stopped and my eight year old granddaughter said, "I know where my mother got the bad language." My wife slammed on her imaginary brake peddle from her copilot position and had she really had a brake peddle to slam down; well she would have broken it clean off
All take in the shorts; last evening I stopped at Starbucks for coffee and some egg bites for this morning. There was a young man, anyone is young to me these days, sitting outside (lucky he did not have the cops called on him) with headphones on. He smiled and said, "I love your car." I replied, "me too."
Edit: Oh look, 007 is in town ~ stock price just went green at $0.07
Sounds like you guys really love Xena. fwiw, if you get one referral, Tesla will send you that extra wall charger for your Oly house for free.
Referral Program
I like your style of writing. I sounds like me talking in my head.@mongo & @SteveG3 you guys make my day ~ thanks
During my youth, folks would say, "don't knock it till you tried it." They usually were referring to marijuana
Sorry, got off track there a bit
Steve you brought up a very important point at least a week ago, but I did not want to hijack your points about battery life. We have owned Xena just over a year and she still charges routinely up to the same charge daily. The only variance is one charger is the NEMA 14-50 at our Oly house and Tesla charger at the lake house. The NEMA 14-50 charges shy a mile or two, by comparison. If I had money to burn or could do it over again, I would install the Tesla charger in both locations. FYI ~ once done driving for the day Xena is plugged in for the duration until taken out for a spin
Mongo, Tuesday evening following dinner with the grandpups (called date night ~ Mom & Dad go one direction, we and the kids go another); were heading home when. . . I did NOT have autopilot on, I say again, I did NOT have autopilot on when instead of my wife yelling at me, Xena gave me the "what hell are you doing" treatment. All kinds of bells and whistles went off, I hit the brakes, we stopped and my eight year old granddaughter said, "I know where my mother got the bad language." My wife slammed on her imaginary brake peddle from her copilot position and had she really had a brake peddle to slam down; well she would have broken it clean off
All take in the shorts; last evening I stopped at Starbucks for coffee and some egg bites for this morning. There was a young man, anyone is young to me these days, sitting outside (lucky he did not have the cops called on him) with headphones on. He smiled and said, "I love your car." I replied, "me too."
Edit: Oh look, 007 is in town ~ stock price just went green at $0.07
But I would never "name" a car..but that is just me
Yep, the same time it's always been, Q3. I'm not 100% convinced there will be a squeeze, but there absolutely should be share price appreciation.
Mongo, I think you mean >500 in a day or >5K in a week... otherwise that's a LOT of M3's!
Dan Detweiler
Active Member
DragonWatch
Small FootPrint
When we bought Xena we tracked down the owner of one of the original Model Ss and asked for their referral, saved us $1K
We got the Supercharging grandfathered in Unfortunately we are no longer allowed to post our referral code here anymore.
You can put your referral code in your profile, so if someone wants to use it they just have to look there. Go to the member's profile page, and look under "information" tab. By way of example (I'm not attempting to solicit referrals, I don't care about them):
Not sure either, probably a bit of both
The net cost of the hedge/warrants for the 2019 convertibles was about $85.7 million:
In connection with the offering of these notes in March 2014, we entered into convertible note hedge transactions whereby we have the option to purchase initially (subject to adjustment for certain specified events) a total of 5.6 million shares of our common stock at a price of $359.87 per share. The total cost of the convertible note hedge transactions was $524.7 million. In addition, we sold warrants whereby the holders of the warrants have the option to purchase initially (subject to adjustment for certain specified events) 2.2 million shares of our common stock at a price of $512.66 per share for the 2019 Notes and 3.3 million shares of our common stock at a price of $560.64 per share for 2021 Notes. We received $338.4 million in total cash proceeds from the sales of these warrants. Similarly, in connection with the issuance of the additional notes in April 2014, we entered into convertible note hedge transactions and paid a total of $78.7 million. In addition, we sold warrants to purchase initially (subject to adjustment for certain specified events) 0.3 million shares of our common stock at a price of $512.66 per share for the 2019 Notes and 0.5 million shares of our common stock at a price of $560.64 per share for the 2021 Notes. We received $50.8 million in total cash proceeds from the sales of these warrants.
That $86 million expense will be wasted if the share price is less than $359.87 on March 1,2019. At the conversion ratio, the 2019 notes are equivalent to 2,556,500 shares. Any share price above $359.87 on March 1,2019 means the expense starts to be recouped, but the break-even point for positive returns on the hedge/warrants expense is a share price above about $393.50. The financial risk reverts to Tesla above a share price above $512.66.
If the share price is expected to be above $400/share in 2019, why would Tesla want to issue shares for a recovery of $359.87/share to redeem the 2019 notes rather than using $920 million in cash, and replenishing the treasury with the proceeds of a follow-on offering of additional equity at much higher share price after the audited 2018 annual report (10K) is filed?
DragonWatch
Small FootPrint
I like your style of writing. I sounds like me talking in my head.
But I would never "name" a car..but that is just me
First, of over twenty plus new cars that we have ever owned, Xena is the first. It is Tesla's fault for allowing us to name her in the software. Some day I'll learn to take responsibility for my own actions.
I appreciate your comment on my writing style. While not one hundred percent effective, sometimes it keeps me from looking like the crazy uncle that no one wants around. When I fall off the rails, it is like running to catch a moving train with a sprained ankle to correct my error of my way. My wife has long since given up challenging me on talking to myself ~ sometimes the answer is too challenging even for me
Probably a good thing, but I failed to get a part-time basic accounting instructor job because I do in fact talk to myself from time to time as I lecture In my computer classes while challenging my students to open up and challenge themselves ~ I am lucky I never got fired, probably should have beenFYI ~ I only began to read in the seventh grade; much later the writing, and of course the math was even later
TMI ~ sorryEdit: good luck with those shares you bough recently
Here's just talking about a dumb lawsuit that won't go anywhere for the plantiffs
This is a late reply, but when considering Gross Margin on a vehicle, a primary step is to subtract the cost of goods sold from the revenue that product brings in. Depreciation is an element of cost of goods sold. As an important example, all those robots in the production line get depreciated through some formula and then the cost of the robots is assigned over time to cost of goods sold for that vehicle. So, yes, the cost of the capital improvements directly related to the production of a vehicle eventually finds its way (spread out over years) into the cost of goods sold and is thereby considered in the gross margin computations.
Look at this: Tesla Investors Can Move Ahead With SolarCity Deal Lawsuit
The briefs are online somewhere - don't have time to find today.
I think Deepak said 2k in depreciation per vehicle once they hit their volume target during the Q1 call.
But just to correct your question - it's not Tesla in trouble in that suit - it's against the board members personally.
JRP3
Hyperactive Member
Why perpetuate the myth? Stock has been down this week since he showed up again, (not that I'm suggesting there is any actual correlation.)
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