User Panel
Quoted:
But only ~15k 6 and 7 series BMWs per year, the price competitors to the S and X. Kharn View Quote Tesla is trying to follow that model but they have yet to get through the teething problems of true mass production of an extremely complex product. IMHO the model 3 will either solidify Tesla as a real mass production automaker or it will sink them. |
|
Quoted:
My bad that adds 18K, more vehicles produced last year. Still rookie numbers. View Quote View All Quotes View All Quotes Quoted:
Quoted:
Tesla has two models if you don't include the Model 3 Still rookie numbers. Kharn |
|
Quoted:
The BMW 6/7 series and MB S class are also not those companies bread and butter. They are essentially halo cars that are meant to function as a real world test bed for the lastet technologies not keep their financials looking good. Tesla is trying to follow that model but they have yet to get through the teething problems of true mass production of an extremely complex product. IMHO the model 3 will either solidify Tesla as a real mass production automaker or it will sink them. View Quote View All Quotes View All Quotes Quoted:
Quoted:
But only ~15k 6 and 7 series BMWs per year, the price competitors to the S and X. Kharn Tesla is trying to follow that model but they have yet to get through the teething problems of true mass production of an extremely complex product. IMHO the model 3 will either solidify Tesla as a real mass production automaker or it will sink them. Kharn |
|
|
Quoted:
A Camry won't change lanes if you use the turn signal... Kharn View Quote View All Quotes View All Quotes Quoted:
Quoted:
The negative: Burned $1.16B during the quarter, to end with about $3B on hand. Liabilities rose to almost $20B. That's debt. Remember, it has to be repaid, refinanced at ever higher rates, or discharged in bankruptcy. Guiding for $2B in capex in the 2H17. Automotive margins shrunk. Energy margins shrunk. Customer deposits declined overall. The positive: Sold $100M of government-mandated ZEV credits to profitable car companies. Model 3 getting 1800 deposits/day in the last week. If one day they get to the point where they could clear $5000 on every car they sell, they'd only need to sell 4M cars from that point to counter the debt they've built just to today. Everything is riding on how well they can sell a $44,000 car with cloth upholstery, manual mirrors, and manual seats. If you want power mirrors and seats, leather, a color other than black, and the same Level 2 autonomy as a Toyota Camry, it'll cost you $55,000. Mass market!! Kharn |
|
Quoted:
they're outselling the company you claim as their competitor in the appropriate market segment and you say they're rookie numbers? Kharn View Quote Want to compare the 18k Tesla Xs versus the 47k BMW X5s (those are just the US numbers) last year? BMW made more X5s alone last year than Tesla's entire production of both models. So YES Tesla is producing rookie numbers. Because they beat out one niche model of a company doesn't make them manufacturing pros. |
|
|
Quoted:
Tesla L2 requires you to keep a hand on the wheel. Either you keep one hand on the wheel and the other uses the turn signal to change lanes, or you use your hand that's already on the wheel to change lanes. For a $24k upcharge over a comparably trimmed Camry, I'm not sure what that "feature" gets me. View Quote View All Quotes View All Quotes Quoted:
Quoted:
Quoted:
The negative: Burned $1.16B during the quarter, to end with about $3B on hand. Liabilities rose to almost $20B. That's debt. Remember, it has to be repaid, refinanced at ever higher rates, or discharged in bankruptcy. Guiding for $2B in capex in the 2H17. Automotive margins shrunk. Energy margins shrunk. Customer deposits declined overall. The positive: Sold $100M of government-mandated ZEV credits to profitable car companies. Model 3 getting 1800 deposits/day in the last week. If one day they get to the point where they could clear $5000 on every car they sell, they'd only need to sell 4M cars from that point to counter the debt they've built just to today. Everything is riding on how well they can sell a $44,000 car with cloth upholstery, manual mirrors, and manual seats. If you want power mirrors and seats, leather, a color other than black, and the same Level 2 autonomy as a Toyota Camry, it'll cost you $55,000. Mass market!! Kharn And I learned how to flick turn signals with my pinkie or index finger while the rest of my hand stayed on the wheel decades ago. Try it sometime. Kharn |
|
Quoted:
You're comparing Tesla's bread and butter with the top end BMW. Compare company vs company, Tesla's $1.5B gross income vs BMWs $22.7B, or the $94B in BMW sales vs the $7B of Tesla. Want to compare the 18k Tesla Xs versus the 47k BMW X5s (those are just the US numbers) last year? BMW made more X5s alone last year than Tesla's entire production of both models. So YES Tesla is producing rookie numbers. Because they beat out one niche model of a company doesn't make them manufacturing pros. View Quote I deal with a lot of car plants at work. The logistics involved in turning out over a thousand vehicles a shift is staggering. The cash it takes to maintain a plant that can do that is staggering. The amount of process engineering and tooling to do it is staggering. |
|
Quoted:
They lose money on every car sold. They will lose money on every model 3 sold, too. How does having a large order backlog help them? View Quote They'll succeed in some capacity. Even if it means a big-money company (Apple?) or some like this scooping them up for their technology and manufacturing pushing for level 5 vehicles. It's much cheaper then starting from scratch. What's your timeline for them "failing?" Back in the spring it was July 1 they were going to be bust. Last year it was January 1 going to be bust. It's never ending with you guys. Now they have actually delivered 30 cars, yes beta by hand but it sure proves that it's not Tucker part 2 NOR are they Farraday futures or Fisker. |
|
Quoted:
If their backlog was only 500 cars you would be screaming they had no demand and they are a fraud? They'll succeed in some capacity. Even if it means a big-money company (Apple?) or some like this scooping them up for their technology and manufacturing pushing for level 5 vehicles. It's much cheaper then starting from scratch. What's your timeline for them "failing?" Back in the spring it was July 1 they were going to be bust. Last year it was January 1 going to be bust. It's never ending with you guys. Now they have actually delivered 30 cars, yes beta by hand but it sure proves that it's not Tucker part 2 NOR are they Farraday futures or Fisker. View Quote Look at their financials (discussed at length in this very thread). The irrational exuberance of idiot investors may be boosting their stock price/valuation, but they are billions in debt and digging deeper every day. In laymans terms, they are "busted". |
|
Quoted:
What do you think happens to the pre orders when the cars aren't showing up? . View Quote I know of several people that are in line. Life goes on as they are driving their existing vehicles until it's time to officially order their model 3. Then they all said they would sell their cars. No biggie. My sister will be buying one once they are delivering and filling orders 3 months out. My friend has a Model S that I ride in often. I've never been in anything like that ever. Pretty damn amazing car as he put it on ludicrous mode. Then we rode around in auto-pilot mode hands off. Amazing but not worth $125k. He charges it at home once or twice a week; charges it at the office once when he remembers. Often, he'll go to lunch near the charging station as there are several nice places to eat for a business lunch. No big deal. I'm slated to scoop up a S or X in the future but just not this year. |
|
Quoted:
Look at their financials (discussed at length in this very thread). The irrational exuberance of idiot investors may be boosting their stock price/valuation, but they are billions in debt and digging deeper every day. In laymans terms, they are "busted". View Quote It appears you are adamant about them going bust but keep avoiding the question, WHEN will they go out of business and close the doors? |
|
The "Experts" have been saying that Tesla will be going under "any day now" or "the next quarterly report will sink Tesla" but yet, here they are, still building cars
|
|
Quoted:
You're comparing Tesla's bread and butter with the top end BMW. Compare company vs company, Tesla's $1.5B gross income vs BMWs $22.7B, or the $94B in BMW sales vs the $7B of Tesla. Want to compare the 18k Tesla Xs versus the 47k BMW X5s (those are just the US numbers) last year? BMW made more X5s alone last year than Tesla's entire production of both models. So YES Tesla is producing rookie numbers. Because they beat out one niche model of a company doesn't make them manufacturing pros. View Quote View All Quotes View All Quotes Quoted:
Quoted:
they're outselling the company you claim as their competitor in the appropriate market segment and you say they're rookie numbers? Kharn Want to compare the 18k Tesla Xs versus the 47k BMW X5s (those are just the US numbers) last year? BMW made more X5s alone last year than Tesla's entire production of both models. So YES Tesla is producing rookie numbers. Because they beat out one niche model of a company doesn't make them manufacturing pros. There's no point making non-"rookie numbers" of cars/SUVs if there are insufficient buyers for them. Otherwise people will claim you're doomed for having too many days worth of production on hand. Kharn |
|
Quoted:
Investors and stock price, that's a whole nother discussion! lunacy. It appears you are adamant about them going bust but keep avoiding the question, WHEN will they go out of business and close the doors? View Quote I'm not some savant who claims to be able to predict the future. Anybody with half a brain can see that Tesla has almost zero chance of becoming profitable, ever. How long they will continue to sputter along, building a handful of cars and burning billions of dollars in the process, is anybody's guess. |
|
“It’s an amazing car, but we’re going through six months of manufacturing hell. It’s going to be pretty great, but it’s going to be quite a challenge to build this car,” he said.
“Floods, fires, tornadoes, ships sink, if anything interrupts supply chains, that will interrupt the production." ~ ELON MUSK |
|
Quoted:
Nothing happens as they haven't given any delivery dates on pre-orders. You will be emailed when your pre-order car is in the queue then it's a 6 week delivery and the money starts the process. Nobody is hitting the panic button. It's going to take time and they have been up front with that. I know of several people that are in line. Life goes on as they are driving their existing vehicles until it's time to officially order their model 3. Then they all said they would sell their cars. No biggie. My sister will be buying one once they are delivering and filling orders 3 months out. My friend has a Model S that I ride in often. I've never been in anything like that ever. Pretty damn amazing car as he put it on ludicrous mode. Then we rode around in auto-pilot mode hands off. Amazing but not worth $125k. He charges it at home once or twice a week; charges it at the office once when he remembers. Often, he'll go to lunch near the charging station as there are several nice places to eat for a business lunch. No big deal. I'm slated to scoop up a S or X in the future but just not this year. View Quote |
|
Adam Jonas is a badass. Super nice guy to talk to. He did admit to us he drove a mini-van!!
http://insideevs.com/morgan-stanley-predicts-low-tesla-model-3-deliveries-2017/ Looks like 10k per week is a realistic goal in 2018. That's stout. |
|
Quoted:
I'm not some savant who claims to be able to predict the future. Anybody with half a brain can see that Tesla has almost zero chance of becoming profitable, ever. How long they will continue to sputter along, building a handful of cars and burning billions of dollars in the process, is anybody's guess. View Quote View All Quotes View All Quotes Quoted:
Quoted:
Investors and stock price, that's a whole nother discussion! lunacy. It appears you are adamant about them going bust but keep avoiding the question, WHEN will they go out of business and close the doors? ETA: I haven't the ability to quantify what that might mean but it must have some value. I would imagine foreign market competition (and domestic) would want that torch to carry. |
|
Quoted:
Brilliant idea; get Musk on the phone right away. Just kidding. View Quote View All Quotes View All Quotes |
|
Over 166K worldwide
The normal X5 is less than $60k, the M is $96k and comparable to the X in both rarity and price. There's no point making non-"rookie numbers" of cars/SUVs if there are insufficient buyers for them |
|
That bipolar stressed out nutbag is praying that Trump pushes through tax reform so Apple can bring all that cash home and buy tesla. Best outcome possible for him, if he works it right Apple gets the shit show and musk get to retain his image as a revolutionary.
I suppose bezos could write that check too...but as much as I don't like his politics he does know how to get shit done. He probably can see that tesla is in trouble. |
|
Quoted:
That bipolar stressed out nutbag is praying that Trump pushes through tax reform so Apple can bring all that cash home and buy tesla. Best outcome possible for him, if he works it right Apple gets the shit show and musk get to retain his image as a revolutionary. I suppose bezos could write that check too...but as much as I don't like his politics he does know how to get shit done. He probably can see that tesla is in trouble. View Quote They've be feuding for years because of SpaceX vs Blue Origin. Bezos is the also-ran of return to launch pad rockets, except his designs don't have enough delta V to orbit, only go straight up and technically enter space. Kharn |
|
Quoted:
That bipolar stressed out nutbag is praying that Trump pushes through tax reform so Apple can bring all that cash home and buy tesla. Best outcome possible for him, if he works it right Apple gets the shit show and musk get to retain his image as a revolutionary. I suppose bezos could write that check too...but as much as I don't like his politics he does know how to get shit done. He probably can see that tesla is in trouble. View Quote Why would apple want any part of that shitshow? Their product line is obscenely overpriced consumer gadgets, if they sold a model S it would be $500K. |
|
|
|
Quoted:
Investors and stock price, that's a whole nother discussion! lunacy. It appears you are adamant about them going bust but keep avoiding the question, WHEN will they go out of business and close the doors? View Quote The big investment banks own about 65% of the company. Elon holds about 25%. That leaves about 10% available to individuals to trade. That's why the stock swings so hard back and forth day to day, and why it's run up so hard so fast over the last nine months. There are a lot of unsophisticated investors watching too much CNBC and not reading enough financial statements, and then going out and all chasing that 10% of the company that's available. As long as the big banks who own two thirds of the company keep getting huge fees for doing another and another and another dillutive share offering, they will. They risk nothing since the hype machine keeps people chasing that 10% of the company up to crazy prices despite the cash burn and lack of profits. When those banks sour on the company and start unloading their 66% stake the share price will crater, lines of credit will be called in, and the company will be cut off from new capital. When that will happen is anyone's guess. And until then Tesla can keep getting another and another infusions of cash to keep the lights on while attempting to become profitable. A couple of things we do know: They lose money on every car they make. As they make more cars, they lose more money per car. They now want to increase the cars they're building by 6x, by moving into a lower margin market with a car with fewer luxury amenities on it than some cars costing almost half as much. A bold move! |
|
Quoted:
Did BMW lose money on every one of those cars they sold? View Quote View All Quotes View All Quotes Quoted:
Quoted:
But only ~15k 6 and 7 series BMWs per year, the price competitors to the S and X. Kharn Kharn |
|
Quoted:
Why would apple want any part of that shitshow? Their product line is obscenely overpriced consumer gadgets, if they sold a model S it would be $500K. View Quote |
|
@XD341 nailed it.
Growth is the answer. The big boys are playing the long game to be the biggest and baddest. You can't sell small widgets forever. Services and bigger widgets are the answers. Amazon: buys Whole Foods. Amazon is a book seller only? Not in the long game. There is even talk Amazon will be scooping up a pharmacy chain for a pharmaceutical play. Think about it in the future: you want to buy something, Amazon has EVERYTHING and it could be delivered to you in the same day Google: AI, information and data. They want to advertise to you as you ride in an autonomous car. Meanwhile, they'll be selling the advertisements to others. Meanwhile, they will own the car too. Tesla: Same style plan, they stumble and falter. Uber-Lyft (insert tech Company) or even any auto manufacturer? anyone steps in and hits the ground running with Teslas software/firmware/cars. Musk is a winner and makes things happen. Logic says he's got a plan to turn the corner and make a profit. He just hasn't posted it to ar15.com!! Remember when Amazon was "losing money" and "not making a profit"? How many years did that go along? |
|
Quoted:
not reading enough financial statements View Quote It's hideous. This reminds me of the high flying claims of many tech stocks from the 1990's, and the Pied Piper messaging from CEOs. Everything is hinged to the flawless execution of the Model 3 and Teslas reputation as a growth stock. When growth slows, these type of stocks get massively crushed. I believe Tesla won't make their production numbers, and demand will also tail off. Six to nine months should reveal the trend, one way or the other. Tesla is running out of room to execute. It's a casino stock, and I keep seeing danger each time I dig deeper into the company. There's easier stocks to figure out and preserve investors capital. |
|
Quoted:
Over 166K worldwide Yeah having an efficient production line and large production runs allows the costs to be lower. You aren't going to claim the Tesla X is a higher quality, more capable SUV than the X5 are you? So they lack customers and production capability. Does that sound like a winning formula? View Quote View All Quotes View All Quotes Quoted:
Quoted:
How many BMW X5 Ms sold last year? The normal X5 is less than $60k, the M is $96k and comparable to the X in both rarity and price. There's no point making non-"rookie numbers" of cars/SUVs if there are insufficient buyers for them I'm not looking at capabilities or performance, simply price of a reasonably equipped Model X ($100k per Tesla's website, delivery in 14 days) and looking for the closest BMW price equivalent. The number of consumers looking for a $100k SUV is not enormous, and they have numerous choices, X5 M(<10k/yr), Escalade (40k/yr between multiple options), Cayenne GTS(7k/yr), etc. But Tesla is making "rookie numbers" at 20k/yr for the Model X in the same price range. Kharn |
|
Quoted:
@XD341 nailed it. Growth is the answer. The big boys are playing the long game to be the biggest and baddest. You can't sell small widgets forever. Services and bigger widgets are the answers. Amazon: buys Whole Foods. Amazon is a book seller only? Not in the long game. There is even talk Amazon will be scooping up a pharmacy chain for a pharmaceutical play. Think about it in the future: you want to buy something, Amazon has EVERYTHING and it could be delivered to you in the same day Google: AI, information and data. They want to advertise to you as you ride in an autonomous car. Meanwhile, they'll be selling the advertisements to others. Meanwhile, they will own the car too. Tesla: Same style plan. Musk is a winner and makes things happen. Logic says he's got a plan to turn the corner and make a profit. He just hasn't posted it to ar15.com!! Remember when Amazon was "losing money" and "not making a profit"? How many years did that go along? View Quote They do one thing, better than anybody. If not for AWS being extremely profitable Amazon retail wouldn't be the world beating, game changing revolution that it is widely thought to be. Amazon's apparent success has changed the perception of investors, people like bezos, musk, Tim cook are given rockstar status and the fundamentals are less important. After all, bezos changed the entire retail world, cook runs the gadget world, musk changed space flight...he can just as easily change the automotive world....right? Except space flight is a niche, 4 or 5 companies doing what...20 or 30 launches a year worldwide? Automotive is one of the most insanely competitive, process engineered, complex high volume process humans do. It is hard core, no shit, chasing seconds out of each of 10,000 steps kind of work. It's boring, monotonous, repetitive and demanding. It's not something musk is going to do well. He needs to steal some senior managers from Toyota or one of the other major players. I'd feel much better if he did hire a major name from an existing auto company and step away. He's a big picture guy...big picture guys make terrible execution guys....and don't get me started on actual design engineering... |
|
|
Quoted:
They'll succeed in some capacity. Even if it means a big-money company (Apple?) or some like this scooping them up for their technology and manufacturing pushing for level 5 vehicles. It's much cheaper then starting from scratch. View Quote |
|
Quoted:
You had me until the end. Amazon, the giant retailer that we all know is still losing money. They are trying to grow large enough to skim the thinnest of profits off volume and economies of fucking enormous scale. But they still haven't, Amazon web services, which is an old fashioned, boring, production based "factory" of data centers makes all the money. View Quote Amazon was founded in 1994 and had positive free cash flow at least as early as 2001, maybe earlier. Tesla was founded in 2003 and has never had positive free cash flow. It's a critical distinction to understand before trying to compare the two companies or make any claims about Tesla reinvesting profits into its business in order to grow. |
|
Quoted:
Buying a company out of bankruptcy for their tech is not the same as a company succeeding. View Quote View All Quotes View All Quotes Quoted:
Quoted:
They'll succeed in some capacity. Even if it means a big-money company (Apple?) or some like this scooping them up for their technology and manufacturing pushing for level 5 vehicles. It's much cheaper then starting from scratch. |
|
Quoted:
Impossible to say. The big investment banks own about 65% of the company. Elon holds about 25%. That leaves about 10% available to individuals to trade. That's why the stock swings so hard back and forth day to day, and why it's run up so hard so fast over the last nine months. There are a lot of unsophisticated investors watching too much CNBC and not reading enough financial statements, and then going out and all chasing that 10% of the company that's available. As long as the big banks who own two thirds of the company keep getting huge fees for doing another and another and another dillutive share offering, they will. They risk nothing since the hype machine keeps people chasing that 10% of the company up to crazy prices despite the cash burn and lack of profits. When those banks sour on the company and start unloading their 66% stake the share price will crater, lines of credit will be called in, and the company will be cut off from new capital. When that will happen is anyone's guess. And until then Tesla can keep getting another and another infusions of cash to keep the lights on while attempting to become profitable. A couple of things we do know: They lose money on every car they make. As they make more cars, they lose more money per car. They now want to increase the cars they're building by 6x, by moving into a lower margin market with a car with fewer luxury amenities on it than some cars costing almost half as much. A bold move! View Quote |
|
I find it amusing that a lot of people are nervously hoping to snag a Model 3 before Tesla goes under. Come on, hurry up and get my Model 3 built before things crater.
Then they're going to have a car made by a company that has gone under, and I wonder how fuzzy that's going to make them feel. |
|
|
Quoted:
You had me until the end. Amazon, the giant retailer that we all know is still losing money. They are trying to grow large enough to skim the thinnest of profits off volume and economies of fucking enormous scale. But they still haven't, Amazon web services, which is an old fashioned, boring, production based "factory" of data centers makes all the money. View Quote Amazon may not be 'making money', but their cash spigot is making some people a LOT of money. |
|
Quoted:
Irrelevant. Its how many cars can the company put out. They are putting out several different models and have huge numbers going out. Right now Tesla has 1 model (hopefully 2 soon) and their production numbers with just 1 vehicle being built aren't there - not even in the ballpark. View Quote View All Quotes View All Quotes Quoted:
Quoted:
But only ~15k 6 and 7 series BMWs per year, the price competitors to the S and X. Kharn Right now Tesla has 1 model (hopefully 2 soon) and their production numbers with just 1 vehicle being built aren't there - not even in the ballpark. |
|
Quoted:
People like to confuse the man with the company. Tesla is a gigantic pile of fail, from the powerwall to the solar roof to the cars. It will not succeed. SpaceX is a whole different animal. I have full confidence in its continued success. View Quote View All Quotes View All Quotes Quoted:
Quoted:
Hmmmm, I remember United Launch Alliance being super confident with similar claims about Musk until... http://media.npr.org/assets/img/2015/12/22/67886861_h41558122_custom-a8f82ee1959f66bcdc3dfe0cf1bf98f4b1ea121d-s900-c85.jpg Kharn https://www.cnbc.com/2017/08/03/hedge-funds-set-to-lose-hundreds-of-millions-on-wrong-way-bet-against-tesla.html |
|
|
Quoted:
His stuff is all FUD copypasta from SeekingAlpha written by shorts (who are now losing their shirts) vested in the company failing, so you can probably find it there. View Quote View All Quotes View All Quotes |
|
Quoted:
I would agree that they're experienced making electric cars. There's still a difference between making just short of 100k cars in the last year, and guiding that you'll be making cars at a rate of 600k/year just one year from now. Given their last-in-the-industry number of vehicle turns per year and the cost of the car, they'll need over $2B just to populate their supply chain with parts to ramp up production to that level. As I've always said, they face incredible challenges with new ones on the horizon and others growing every day. They have a poor record of execution, and this is a bad time to be trying to build up a car company. There's a narrow path for Tesla to long-term solvency, but it will require absolute perfect performance and a lot of luck. I'm betting they don't pull it off. View Quote 1. Tesla is growing fast. Sales/production of cars has been growing ~50% per year for a long while. Tesla has sold almost as many cars in the first half of this year as it has in the entirety of 2015. 2017ytd: 47,077 2016: 76,297 2015: 50,658 2014: 31,655 2013: 22,442 2012: 2,650 This means you consistently need a labor force sized for FUTURE production, not today's static production levels, and if your growing 50% per year that is a lot of extra employees. ANd it is gearing up more a major increase to 500,000/y by late next year. 2. A $100,000 sport/luxury car obviously requires more labor than an econobox, Has nothing to do with it being electric. An Audi RS7 is going to need a lot more labor to make than a Toyota Carolla. 3. Tesla is far more vertically integrated (SpaceX too) than most other car companies, and a far larger chunk of the value added occurs at the Fremont facility than previously under Toyota/GM. Most modern car plants only have final assembly, Engine and Transmission building (a huge chunk of final cost) usually occurs at other plants, especially the old NUUMI plant. 4. This is Tesla only manufacturing facility, so a lot of prototyping, R&D, etc occurs there, and Tesla (like SpaceX) likes to have all their workers work near each other to be able to bring products to market faster. |
|
"Fail" means different things to different people.
As a consumer, I don't give a shit who owns the company, who rescues it or if they are losing cash. I care: Can you deliver what I'm asking for? Can you support my warranty? Is there going to be critical mass in the support market if you go under? I don't give a shit if the stock is $1,000 or $1. AND now the stock is up another $22 this morning. Wild. |
|
Quoted:
This means you consistently need a labor force sized for FUTURE production, not today's static production levels, View Quote View All Quotes View All Quotes Quoted:
This means you consistently need a labor force sized for FUTURE production, not today's static production levels, Their labor force is MORE than when Toyota ran the plant while they are producing far fewer vehicles. and if your growing 50% per year that is a lot of extra employees. ANd it is gearing up more a major increase to 500,000/y by late next year. 2. A $100,000 sport/luxury car obviously requires more labor than an econobox, An Audi RS7 is going to need a lot more labor to make than a Toyota Carolla. 3. Tesla is far more vertically integrated (SpaceX too) than most other car companies, and a far larger chunk of the value added occurs at the Fremont facility than previously under Toyota/GM. |
|
Quoted:
So much fail. https://www.cnbc.com/2017/08/03/hedge-funds-set-to-lose-hundreds-of-millions-on-wrong-way-bet-against-tesla.html View Quote |
|
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.