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To be fair, basic arithmetic is pretty boring. View Quote View All Quotes View All Quotes Quoted:
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I wonder if he believes his own lies.
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Seems like Musk was never good at math.
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Seems like Musk was never good at math.
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I wonder if he believes his own lies.
It’s like Tesla is ignoring everything Henry Ford came up with. |
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You need at least 3 (sometimes 4) assembly lines to build 1M cars per year. Tesla has 1 that doesn't work very well and a bunch of tents. It's like Tesla is ignoring everything Henry Ford came up with. View Quote Eventually he'll get tired of getting caught lying, and he'll move on from Tesla. That's his personality type. |
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Well it looks like the SEC and Musk have reached an agreement. No punishment for Musk.
Musk will need approval from Tesla's legal counsel for public statements, including tweets, about the company's finances, projected performance and other topics. Musk can continue to call people pedophiles and boneheads. https://www.reuters.com/article/tesla-musk-sec/teslas-elon-musk-reaches-deal-with-sec-over-twitter-use-idUSL1N2281L4 |
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Well it looks like the SEC and Musk have reached an agreement. No punishment for Musk. Musk will need approval from Tesla's legal counsel for public statements, including tweets, about the company's finances, projected performance and other topics. Musk can continue to call people pedophiles and boneheads. https://www.reuters.com/article/tesla-musk-sec/teslas-elon-musk-reaches-deal-with-sec-over-twitter-use-idUSL1N2281L4 View Quote |
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Seems a Chinese ride hailing service is demanding a refund from Tesla for 20% if it's fleet experiencing mechanical failure of some sort.
Link "The Chinese ride-hailing company Shenma Zhuanche said it took inspiration from the Oscar-winning film "Three Billboards Outside Ebbing, Missouri" to air its grievances against Tesla. The company said it took out three advertisements outside Reuters' Times Square headquarters to demand Tesla provide compensation and better customer service after more than 20% of the 278 cars it purchased experienced "electro-mechanical failures." " |
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Seems a Chinese ride hailing service is demanding a refund from Tesla for 20% if it's fleet experiencing mechanical failure of some sort. Link "The Chinese ride-hailing company Shenma Zhuanche said it took inspiration from the Oscar-winning film "Three Billboards Outside Ebbing, Missouri" to air its grievances against Tesla. The company said it took out three advertisements outside Reuters' Times Square headquarters to demand Tesla provide compensation and better customer service after more than 20% of the 278 cars it purchased experienced "electro-mechanical failures." " View Quote Who knew? |
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I guess once you start doing fleet sales you cannot rely on fanboys consumers being forgiving of the lack of reliability of your vehicles. Who knew? View Quote View All Quotes View All Quotes Quoted:
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Seems a Chinese ride hailing service is demanding a refund from Tesla for 20% if it's fleet experiencing mechanical failure of some sort. Link "The Chinese ride-hailing company Shenma Zhuanche said it took inspiration from the Oscar-winning film "Three Billboards Outside Ebbing, Missouri" to air its grievances against Tesla. The company said it took out three advertisements outside Reuters' Times Square headquarters to demand Tesla provide compensation and better customer service after more than 20% of the 278 cars it purchased experienced "electro-mechanical failures." " Who knew? |
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Toyota has released all the patents for its Hydrogen network, fuel cells and storage. Its pumping money into research and so is the Japanese government. There is so much money involved in it, some of the people I know working on this think within 10 years it will be set up. I've been to conferences where they want to use the LNG infrastructure and piggy back that for hydrogen, and at the past 3 Tokyo Motor shows most of the major car companies had fuel cells for home use on display. For a country like Japan where we have a lot of earthquakes the government thinks that if if homes and businesses can have their own hydrogen storage it will not be such a shock to the economy like when the gas infrastructure goes down. Lots of areas of Japan rely on delivery service for LNG now, so switching to Hydrogen won't be a major issue, and you can re-sell electricity back to the grid, also good for earthquakes. https://www.autoblog.com/2019/04/21/toyota-research-institute-china-hydrogen-green-technology/ https://asia.nikkei.com/Business/Business-deals/Toyota-makes-new-push-for-fuel-cells-in-China-with-BAIC-tie-up Both the Chinese government and Chinese companies see fuel cell vehicles as viable options to tackle energy and environmental issues, and Toyota believes that it can grow the market by teaming up with BAIC, a major Chinese player. Toyota recently announced it will allow free access to more than 23,000 patents related to its hybrid-vehicle technology to spread its use. It also extended use of its patents related to fuel cell vehicles to 2030 under a program started in 2015. The automaker already has fuel cell technology tie-ups with German automaker BMW Group and other global players. It's coming, at least in Japan. View Quote View All Quotes View All Quotes Quoted:
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As you probably know, Tesla is building a new vehicle plant in China. Production is scheduled to ramp-up next year. The Chinese government is changing their energy policy. Now China wants hydrogen powered cars, not electric cars. Tesla was counting on a $7,400 government subsidy for their Chinese-made cars. That's being eliminated after next year. https://www.theepochtimes.com/chinas-electric-vehicle-industry-hit-hard-by-sudden-policy-shift-as-beijing-turns-toward-hydrogen-fuel_2865743.html I've been to conferences where they want to use the LNG infrastructure and piggy back that for hydrogen, and at the past 3 Tokyo Motor shows most of the major car companies had fuel cells for home use on display. For a country like Japan where we have a lot of earthquakes the government thinks that if if homes and businesses can have their own hydrogen storage it will not be such a shock to the economy like when the gas infrastructure goes down. Lots of areas of Japan rely on delivery service for LNG now, so switching to Hydrogen won't be a major issue, and you can re-sell electricity back to the grid, also good for earthquakes. https://www.autoblog.com/2019/04/21/toyota-research-institute-china-hydrogen-green-technology/ https://asia.nikkei.com/Business/Business-deals/Toyota-makes-new-push-for-fuel-cells-in-China-with-BAIC-tie-up Both the Chinese government and Chinese companies see fuel cell vehicles as viable options to tackle energy and environmental issues, and Toyota believes that it can grow the market by teaming up with BAIC, a major Chinese player. Toyota recently announced it will allow free access to more than 23,000 patents related to its hybrid-vehicle technology to spread its use. It also extended use of its patents related to fuel cell vehicles to 2030 under a program started in 2015. The automaker already has fuel cell technology tie-ups with German automaker BMW Group and other global players. It's coming, at least in Japan. |
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Insiders describe a world of chaos and waste at Panasonic's massive battery-making operation for Tesla
Gee I wonder why they've been catching fire On several occasions, something has fallen into one of the 16-foot mixers — which contain a blend of chemicals, including volatile lithium — inside the plant, three people with knowledge of the situation told Business Insider. That "something" — whether it be scissors, a roll of tape, a tool — is generally found when the mixer is being cleaned.
"People just don't have the integrity to say, 'Hey, I did something wrong,'" one former employee said. Greg Less, the technical director of the University of Michigan Energy Institute's Battery Fabrication and Characterization User Facility, told Business Insider that if a piece of shrapnel got into the lithium mix, it could pierce the separator between the anode and cathode and cause a hard short. The shrapnel wouldn't have to be very big at all, either — a millimeter or half a millimeter — and it could be thin, the width of a human hair, or thinner, Less said. Conceivably, if the piece were long enough to pierce the separator and carry a current between the anode and cathode, it could cause a fire, he said. View Quote |
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Seems Tesla didn't report the 200 million it received in selling regulatory credits and instead buried it in their report to the government.
Article "Tesla’s financial results released last week didn’t mention that the automaker’s revenue included $200 million collected from regulatory credits. When Chief Executive Elon Musk answered questions from analysts, he didn’t point that out, either. The number was buried in the official government filing known as Form 10-Q that Tesla filed Monday with the Securities and Exchange Commission. Without the revenue spike – which is unlikely to be repeated, analysts say – the company’s first-quarter loss would have been much deeper than the $702 million that Tesla reported. Gross margins on Tesla’s cars, a key measure of manufacturing profitability and efficiency, would have taken a significant hit." |
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Seems Tesla didn't report the 200 million it received in selling regulatory credits and instead buried it in their report to the government. Article "Tesla's financial results released last week didn't mention that the automaker's revenue included $200 million collected from regulatory credits. When Chief Executive Elon Musk answered questions from analysts, he didn't point that out, either. The number was buried in the official government filing known as Form 10-Q that Tesla filed Monday with the Securities and Exchange Commission. Without the revenue spike which is unlikely to be repeated, analysts say the company's first-quarter loss would have been much deeper than the $702 million that Tesla reported. Gross margins on Tesla's cars, a key measure of manufacturing profitability and efficiency, would have taken a significant hit." View Quote |
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Seems Tesla didn't report the 200 million it received in selling regulatory credits and instead buried it in their report to the government. Article "Tesla’s financial results released last week didn’t mention that the automaker’s revenue included $200 million collected from regulatory credits. When Chief Executive Elon Musk answered questions from analysts, he didn’t point that out, either. The number was buried in the official government filing known as Form 10-Q that Tesla filed Monday with the Securities and Exchange Commission. Without the revenue spike – which is unlikely to be repeated, analysts say – the company’s first-quarter loss would have been much deeper than the $702 million that Tesla reported. Gross margins on Tesla’s cars, a key measure of manufacturing profitability and efficiency, would have taken a significant hit." View Quote |
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How do you not get your dick slapped for that? Okay, let me rephrase - how does a regular company not get their dick slapped? We know the SEC and others treat Musk with kid gloves View Quote View All Quotes View All Quotes Quoted:
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Seems Tesla didn't report the 200 million it received in selling regulatory credits and instead buried it in their report to the government. Article "Tesla's financial results released last week didn't mention that the automaker's revenue included $200 million collected from regulatory credits. When Chief Executive Elon Musk answered questions from analysts, he didn't point that out, either. The number was buried in the official government filing known as Form 10-Q that Tesla filed Monday with the Securities and Exchange Commission. Without the revenue spike which is unlikely to be repeated, analysts say the company's first-quarter loss would have been much deeper than the $702 million that Tesla reported. Gross margins on Tesla's cars, a key measure of manufacturing profitability and efficiency, would have taken a significant hit." |
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Tesla isn't profitable with government cash, so they're borrowing more money and selling more stock.
The electric-car maker filed Thursday to sell $1.35 billion in notes and about $650 million in shares. Musk, Tesla's chief executive officer, will participate in the offering by buying as much as $10 million in stock. https://www.bloomberg.com/news/articles/2019-05-02/tesla-files-to-offer-2-72m-shares-1-35b-in-notes |
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SpaceX is great. Keep it going.
Tesla is not. Let it go. (and NO subsidies for electric cars. Let the free market do its thing) |
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Hey the same guys that built my line built Musks....
Least I got that going for me. |
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Fidelity, T Rowe Price, and Vanguard are bailing out of Tesla stock.
https://www.businessinsider.com/tesla-share-stake-cut-by-fidelity-2019-5 |
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Tesla isn't profitable with government cash, so they're borrowing more money and selling more stock. The electric-car maker filed Thursday to sell $1.35 billion in notes and about $650 million in shares. Musk, Tesla's chief executive officer, will participate in the offering by buying as much as $10 million in stock. https://www.bloomberg.com/news/articles/2019-05-02/tesla-files-to-offer-2-72m-shares-1-35b-in-notes View Quote Conservatively they need something more like $6-$10b to escape their liquidity crisis, deal with their negative working capital, and start growing again. |
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SpaceX is great. Keep it going. Tesla is not. Let it go. (and NO subsidies for electric cars. Let the free market do its thing) View Quote |
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I ran across this today, I'm kind of surprised it hasn't been posted yet. https://www.topgear.com/car-news/electric/todays-new-tesla-model-3-has-erm-93-miles-range
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Hear me out... What if I told you, and stay with me for a minute here, that SpaceX isn't really doing so great and is just at the point in its hype cycle that Tesla was at six years ago? View Quote View All Quotes View All Quotes Quoted:
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SpaceX is great. Keep it going. Tesla is not. Let it go. (and NO subsidies for electric cars. Let the free market do its thing) I'd run from SpaceX as quickly as I would Tesla. But I am a former broker. I watched the darling "World-com" destroy countless fortunes. I watched the golden child "Enron" destroy many more. I watched the dot-com bubble trade at hundreds of times its earnings on the promise of future profits-- and I watched shares once at 100's of dollars a share go to single digits. You can trade on hype. You can't invest on it. |
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If a person engages in shady business in one area, I can never trust him to be honest in another area. I'd run from SpaceX as quickly as I would Tesla. But I am a former broker. I watched the darling "World-com" destroy countless fortunes. I watched the golden child "Enron" destroy many more. I watched the dot-com bubble trade at hundreds of times its earnings on the promise of future profits-- and I watched shares once at 100's of dollars a share go to single digits. You can trade on hype. You can't invest on it. View Quote View All Quotes View All Quotes Quoted:
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SpaceX is great. Keep it going. Tesla is not. Let it go. (and NO subsidies for electric cars. Let the free market do its thing) I'd run from SpaceX as quickly as I would Tesla. But I am a former broker. I watched the darling "World-com" destroy countless fortunes. I watched the golden child "Enron" destroy many more. I watched the dot-com bubble trade at hundreds of times its earnings on the promise of future profits-- and I watched shares once at 100's of dollars a share go to single digits. You can trade on hype. You can't invest on it. |
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Apparently not even a slap on the wrist so not really any incentive to stop lying. Investors beware, the SEC is as lawless as the rest of the Government. View Quote View All Quotes View All Quotes Quoted:
Quoted: That sounds a lot like the last "settlement". What happens when he violates this one as well? It’s actually pretty smart for a government agency. |
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When you owe the bank $507K, that's your problem.
When you owe the bank $507M, that's the bank's problem. SAN FRANCISCO (Reuters) - Tesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt sale, backed by his stake in the electric car maker, a company filing showed on Thursday. The lending was disclosed in Tesla's prospectus on Thursday to raise up to $2.3 billion with new shares and convertible debt, and it was $117 million less than the personal loans to Musk disclosed in Tesla's previous prospectus in 2017. Still, Tesla said that if the price of its stock falls and the banks force Musk to sell some of his shares, that could create additional pressure on the stock. Tesla jumped over 4% after Tesla disclosed capital raising plans, which soothed investors' recent concerns about the Palo Alto, California company and pulled its stock up from two-year lows. Musk, who owns 20% of Tesla, has taken personal loans from Wall Street banks for years. A Tesla 2017 prospectus showed $624 million in loans to Musk. The filing on Thursday showed Musk owed money to three banks working on the capital increase. Goldman Sachs Group Inc has $213 million in loans outstanding to Musk, while he owes Morgan Stanley $209 million, and another $85 million to Bank of America Corp . Goldman was not mentioned as a personal lender to Musk in the 2017 filing. Those loans are backed by Musk's shares in Tesla, currently worth a total of around $8 billion. If Tesla's stock declines, then Musk could be forced to sell some of those shares under terms of the loan, according to the Tesla filing. This is particularly true in the case of Tesla where you have an aggressive and vocal CEO who is prone to pushing the legal limits and gain terms that might run counter to Goldman's conflict of interest policies," Williams said. Goldman and Citigroup Inc, the top-line book runners in Thursday's capital raise, both have "sell" ratings on Tesla's stock, which is unusual but not exceptional on Wall Street. At the end of 2018, Musk and his trust had 13.4 million Tesla shares pledged as collateral for personal debts, according to another filing. That is down from 13.8 million shares at the end of 2017. Tesla, Morgan Stanley and Goldman Sachs declined to talk about the loans. Tesla has a policy that caps executives' borrowings at a quarter of the value of the shares pledged as collateral. With Tesla repeatedly pushing back forecasts for turning a profit, its stock has dropped 27% year to date. Musk plans to buy another $10 million worth of shares as part of the sale announced on Thursday. |
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When you owe the bank $507K, that's your problem. When you owe the bank $507M, that's the bank's problem. SAN FRANCISCO (Reuters) - Tesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt sale, backed by his stake in the electric car maker, a company filing showed on Thursday. The lending was disclosed in Tesla's prospectus on Thursday to raise up to $2.3 billion with new shares and convertible debt, and it was $117 million less than the personal loans to Musk disclosed in Tesla's previous prospectus in 2017. Still, Tesla said that if the price of its stock falls and the banks force Musk to sell some of his shares, that could create additional pressure on the stock. Tesla jumped over 4% after Tesla disclosed capital raising plans, which soothed investors' recent concerns about the Palo Alto, California company and pulled its stock up from two-year lows. Musk, who owns 20% of Tesla, has taken personal loans from Wall Street banks for years. A Tesla 2017 prospectus showed $624 million in loans to Musk. The filing on Thursday showed Musk owed money to three banks working on the capital increase. Goldman Sachs Group Inc has $213 million in loans outstanding to Musk, while he owes Morgan Stanley $209 million, and another $85 million to Bank of America Corp . Goldman was not mentioned as a personal lender to Musk in the 2017 filing. Those loans are backed by Musk's shares in Tesla, currently worth a total of around $8 billion. If Tesla's stock declines, then Musk could be forced to sell some of those shares under terms of the loan, according to the Tesla filing. This is particularly true in the case of Tesla where you have an aggressive and vocal CEO who is prone to pushing the legal limits and gain terms that might run counter to Goldman's conflict of interest policies," Williams said. Goldman and Citigroup Inc, the top-line book runners in Thursday's capital raise, both have "sell" ratings on Tesla's stock, which is unusual but not exceptional on Wall Street. At the end of 2018, Musk and his trust had 13.4 million Tesla shares pledged as collateral for personal debts, according to another filing. That is down from 13.8 million shares at the end of 2017. Tesla, Morgan Stanley and Goldman Sachs declined to talk about the loans. Tesla has a policy that caps executives' borrowings at a quarter of the value of the shares pledged as collateral. With Tesla repeatedly pushing back forecasts for turning a profit, its stock has dropped 27% year to date. Musk plans to buy another $10 million worth of shares as part of the sale announced on Thursday. View Quote |
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Quoted: I wonder what the threshold is before the government bails him out? That may be the long play for Musk. View Quote As for an explicit packaged bailout, his factories aren't union so the Dems won't and I don't see any reason Trump would. |
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All this bad news across the board and fanbois keep propping the stock up and buying. Oh wait, that explains it.
https://markets.businessinsider.com/news/stocks/tesla-stock-price-millennials-buying-disastrous-q1-2019-5-1028163296 Hopes and dreams and whatnot. |
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It will probably hurt recruitment of new hires as well. Why would you take a job with Tesla if you have a stable job already? Conversely, if you are currently employed by Tesla and you are not just working for the fun of it, why would you not be looking elsewhere? View Quote View All Quotes View All Quotes Quoted:
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From the CNet article https://www.cnet.com/roadshow/news/teslas-q1-earnings-call-model-3-s-x/ So they are going to open a new factory, with new workers, and start pumping out cars in China at that rate. This is such bullshit, its so difficult right now to find skilled workers in the Automotive area in China (and Japan where I recruit) that just the training alone will take 6 months for newbies. There is NO way a company of that size with that type of institutional knowledge can ramp up that fast. These are complicated regulated machines, the compliance alone in China will take years to sort out. Here in Japan, they hired a bunch of very senior staff from the Luxury industry, a lot from fashion and jewelry. They wanted to focus on the "experience" of shopping. Well now they are laying these people off and the "experience" of shopping will be logging onto their system and purchasing online. That wont fly here where you get a reach around and massage with every new car purchase, and there are a lot of bad rumors about the servicing (lack of skills, delays, bad customer experiences), plus the absolutely dismal resale value. They have boxed themselves into the mobile phone category of latest model and software upgrades, which for a car company means resale is totally crap. Elon will be forced out or exit soon, I have heard from people in the industry here none of the major auto companies want to buy Tesla because their perceived value is eroding. There is nothing there in the way of technology or patents that would give a major player an advantage worth the price. The only thing that would help is the servicing and possibly the resale value could increase. Would you rather buy an electric Lexus or a Tesla? It's insane that Tesla hired all these Sales staff last year, and now they're laying them off. Not exactly a good way to motivate your Sales team. The ship has sailed I think in Japan, things could turn around but I am seeing a lot 1 to 2 year old cars on the road and honestly they look like shit, I am not sure if its the paint or body work but they age horribly in our really bad weather. All cars do but especially the reds and blues, maybe thats just my jaded perception. |
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All this bad news across the board and fanbois keep propping the stock up and buying. Oh wait, that explains it. https://markets.businessinsider.com/news/stocks/tesla-stock-price-millennials-buying-disastrous-q1-2019-5-1028163296 Hopes and dreams and whatnot. View Quote |
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When the stock drops, the milennials and Tesla fan boys think they're getting this amazing stock at a discount. They believe this company will be bigger than Amazon, Google, and Apple COMBINED. Sometimes I venture over to electrek to read the comments and the derp level there is truly astonishing. View Quote View All Quotes View All Quotes Quoted:
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All this bad news across the board and fanbois keep propping the stock up and buying. Oh wait, that explains it. https://markets.businessinsider.com/news/stocks/tesla-stock-price-millennials-buying-disastrous-q1-2019-5-1028163296 Hopes and dreams and whatnot. It is the exact same sentiment seen with cryptos during winter 2017. All "belief", no understanding or analysis. |
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When the stock drops, the milennials and Tesla fan boys think they're getting this amazing stock at a discount. They believe this company will be bigger than Amazon, Google, and Apple COMBINED. Sometimes I venture over to electrek to read the comments and the derp level there is truly astonishing. View Quote |
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Musk says that Tesla's self-driving cars will make Tesla stock value rise more than 1000%.
https://www.cnbc.com/2019/05/02/elon-musk-on-investor-call-autonomy-will-make-tesla-a-500b-company.html |
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Musk says that Tesla's self-driving cars will make Tesla stock value rise more than 1000%. https://www.cnbc.com/2019/05/02/elon-musk-on-investor-call-autonomy-will-make-tesla-a-500b-company.html https://www.focusst.org/forum/attachments/focus-st-discussions/165650d1474914383-no-rs-me-total-recall-johnny-cab.gif View Quote |
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You need at least 3 (sometimes 4) assembly lines to build 1M cars per year. Tesla has 1 that doesn’t work very well and a bunch of tents. It’s like Tesla is ignoring everything Henry Ford came up with. View Quote View All Quotes View All Quotes Quoted:
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I wonder if he believes his own lies.
It’s like Tesla is ignoring everything Henry Ford came up with. |
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I guess once you start doing fleet sales you cannot rely on fanboys consumers being forgiving of the lack of reliability of your vehicles. Who knew? View Quote View All Quotes View All Quotes Quoted:
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Seems a Chinese ride hailing service is demanding a refund from Tesla for 20% if it's fleet experiencing mechanical failure of some sort. Link "The Chinese ride-hailing company Shenma Zhuanche said it took inspiration from the Oscar-winning film "Three Billboards Outside Ebbing, Missouri" to air its grievances against Tesla. The company said it took out three advertisements outside Reuters' Times Square headquarters to demand Tesla provide compensation and better customer service after more than 20% of the 278 cars it purchased experienced "electro-mechanical failures." " Who knew? |
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If a person engages in shady business in one area, I can never trust him to be honest in another area. I'd run from SpaceX as quickly as I would Tesla. But I am a former broker. I watched the darling "World-com" destroy countless fortunes. I watched the golden child "Enron" destroy many more. I watched the dot-com bubble trade at hundreds of times its earnings on the promise of future profits-- and I watched shares once at 100's of dollars a share go to single digits. You can trade on hype. You can't invest on it. View Quote View All Quotes View All Quotes Quoted:
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SpaceX is great. Keep it going. Tesla is not. Let it go. (and NO subsidies for electric cars. Let the free market do its thing) I'd run from SpaceX as quickly as I would Tesla. But I am a former broker. I watched the darling "World-com" destroy countless fortunes. I watched the golden child "Enron" destroy many more. I watched the dot-com bubble trade at hundreds of times its earnings on the promise of future profits-- and I watched shares once at 100's of dollars a share go to single digits. You can trade on hype. You can't invest on it. |
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All this bad news across the board and fanbois keep propping the stock up and buying. Oh wait, that explains it. https://markets.businessinsider.com/news/stocks/tesla-stock-price-millennials-buying-disastrous-q1-2019-5-1028163296 Hopes and dreams and whatnot. View Quote |
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Even with the recent plunge the forward P/E ratio is still around 35. Solidly in extreme bubble territory. Ford, GM, Toyota, BMW, and VW are all under 8. View Quote View All Quotes View All Quotes Quoted:
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When the stock drops, the milennials and Tesla fan boys think they're getting this amazing stock at a discount. They believe this company will be bigger than Amazon, Google, and Apple COMBINED. Sometimes I venture over to electrek to read the comments and the derp level there is truly astonishing. |
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How on earth are Tesla continuing to defy financial gravity? I don't understand it. The wheels have to come off soon, surely?
Because Tesla are the poster child for the green movement, there's a lot of denial to go around, but reality has to catch up soon, and I think it will be in the form of big auto finally waking up and stomping on Tesla's market. |
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U.S. trade officials rejected Tesla's bid for relief from 25% tariffs on the Chinese-made Autopilot "brain" of its Model 3 and other electric vehicles.
Made in China 2025, a program aimed at growing China's prowess in 10 strategic industries dominated by the United States, is at the heart of trade negotiations and U.S. demands for sweeping changes to China's policies. https://www.reuters.com/article/us-usa-trade-china-tesla/u-s-rejects-tesla-bid-for-tariff-exemption-for-autopilot-brain-idUSKCN1S91ZX |
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This doesn't exactly seem like a good time for American companies to be expanding their manufacturing operations in China.
Tesla stock is down to 225 today. It dropped more than ten percent in the last week, and hasn't been this low in two years. There's a lot of speculation in the stock boards about Elon Musk being hit with a margin call, if the stock price drops to around $200-210. |
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Betting the consequences of building vehicles in a tent are beginning to manifest. View Quote View All Quotes View All Quotes Quoted:
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Seems a Chinese ride hailing service is demanding a refund from Tesla for 20% if it's fleet experiencing mechanical failure of some sort. Link "The Chinese ride-hailing company Shenma Zhuanche said it took inspiration from the Oscar-winning film "Three Billboards Outside Ebbing, Missouri" to air its grievances against Tesla. The company said it took out three advertisements outside Reuters' Times Square headquarters to demand Tesla provide compensation and better customer service after more than 20% of the 278 cars it purchased experienced "electro-mechanical failures." " Who knew? |
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Quoted: I know a few current and former Tesla production line folks. They said line fuck ups were pretty common along with accidents. High turn over due to shitty conditions and management were a common theme when talking about it. View Quote |
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Elon personally took over the autonomous driving division last week because no one can get it done like he can. I would expect another mass exodus of engineering talent in short order View Quote View All Quotes View All Quotes Quoted:
Quoted: I know a few current and former Tesla production line folks. They said line fuck ups were pretty common along with accidents. High turn over due to shitty conditions and management were a common theme when talking about it. |
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