really interesting possibility but i think Tencent needs to file a 13G or 13D 10 days after crossing 5%.
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really interesting possibility but i think Tencent needs to file a 13G or 13D 10 days after crossing 5%.
Todd Burch
14-Year Member
Didn't they already do that the last time they did their big accumulation? Can't remember. Maybe they stopped just under 5% so they didn't have to file.
i think they crossed 5% slightly early 2017 to report their position and since then sold a few shares to stay right under 5%. In the most recent filing where you can see this information "Definitive Proxy Statement" as of 26. April they are not listed as a 5% holder. I was wondering at this time and looked it up somewhere (i guess in the 10k) and found that there were just slightly under 5%.
Edit: It was not in the 10k but in the last Statement of Beneficial Ownership filed February 12 2018 dated December 31 2017. 4,97%
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The 10Q shows a seriously FUed balance sheet. $2.6B cash, only $600M receivables versus $2.6B payables and $1.9B of CURRENT debt (including leases). And they used $700M of cash last quarter. It's kinda of a wonder the stock price isn't taking more of a beating, frankly. I well know the long term prospects of this company, but this balance sheet is like a red flashing warning sign and klaxons sounding. Am I missing something in the balance sheet that makes it better?
You’re mssing the 2.6 billion in inventory, which is something that will become cash when it’s handed over to the custmoer.
this is not new information is it? has been as well in the letter.
I should add to that, that with 30% margins it should become 3.9 billion in cash.
You know that those are all fake. Tesla can't build cars and if they did no one will pay anything for them so why count it?
So....biggest short position ever...ER call behind us....everything but the kitchen sink thrown at SP....Elon swearing profitability by 3rd Q, personally overseeing M3 ramp at this point and specifically on record as not wanting a secondary.
And now, the SP running and the pressure on the shorts beginning.
Opinions requested.
I think we could see a significant run, especially if bad news does not appear and if the VINs ramp properly on the M3 tracker. With such a huge short position does anyone see why day traders would not take this opportunity to try and run the stock to new highs (not to mention new buyers)?
And now, the SP running and the pressure on the shorts beginning.
Opinions requested.
I think we could see a significant run, especially if bad news does not appear and if the VINs ramp properly on the M3 tracker. With such a huge short position does anyone see why day traders would not take this opportunity to try and run the stock to new highs (not to mention new buyers)?
In the past few days some people here have speculated that Elon’s tweet about “really big numbers” might be about VW’s announcement re a further $23 billion planned battery spend, but I have not seen a tweet from Elon explicitly about it.
Maybe there was such an explicit tweet and I missed it?
If not, would prefer clarity here between,
“Some think Elon may have been referring to VW in a tweet. If he was...”
and
“Elon’s specific tweet about VW...”
The 10-Q explains the unexpectedly large increase in customer deposits - $58.6 million was from an accounting change.
Let me go on record as saying a battery deal with VW strikes me as highly implausible.
Among other things, I don't see Tesla using its battery advantage to become a supplier to a competitor as opposed to building more battery-hungry Semis, storage products, cars, pickups etc.
Among other things, I don't see Tesla using its battery advantage to become a supplier to a competitor as opposed to building more battery-hungry Semis, storage products, cars, pickups etc.
Todd Burch
14-Year Member
I agree. Highly unlikely there's any battery deal with VW. Tesla has their own battery/pack production tied up for the foreseeable future, even if they had 10 new gigafactories in the works.
My read is that Elon was referring to short interest when he was talking about large numbers.
My read is that Elon was referring to short interest when he was talking about large numbers.
I hope you are right but I just think building 2 factories right now will not be financially doable as things stand. Now if they get a Chinese partner as alluded to that is different. Any US plant will have to go down south near the suppliers one would think.
Also a new source of cash - they have made a change to allow them to mortgage the Fremont factory under their existing ABL. They could already borrow against the equipment inside - this allows them to borrow against the land & buildings.
Disclaimer: I'm a known optimist
What company is best set up to add another multi-GWh factory for automotive grade battery packs?
With a large enough deposit, they can build another in parallel.
Moats are lame, EVs for all!
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