User Panel
Posted: 10/2/2017 7:31:28 PM EDT
Evidently Tesla has not been able to get their automated assembly lines working, so they are still building by hand.
https://www.cnbc.com/2018/01/25/tesla-employees-say-gigafactory-problems-worse-than-known.html In July 2017, Chief Executive Elon Musk previously said that he expected Tesla to ramp up to 1,500 Model 3 cars/week in September. Tesla produced less than 2,000 Model 3s in 2017. http://www.marketwatch.com/story/tesla-model-3-hit-by-production-bottleneck-that-slowed-initial-deliveries-2017-10-02 8.07: Proposed buyout updates on page 40 https://www.ar15.com/forums/General/Tesla-production-financial-problems-Financial-problems-are-worse-lost-4-per-share-last-qtr/5-2038095/?page=40 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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They must be having trouble finding people how know what goes into building production lines
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I would really, really like for Tesla to succeed. I admire Musk's pioneering spirit, factory direct marketing plan and awesome fast cars.. Right now Tesla is propped up with venture capital and he just can't get a handle on mass production techniques.
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Is it a Muskle car?
I hope Tesla is wildly successful and leads the way into alternative transportation. But I want them to do it on their own dime not mine. What Muskie clearly doesn't recognize despite being an absolutely brilliant con man, is that the overwhelming majority of the green weanies who would buy his car have virtually no wealth having invested in album collections and bongs, and not unlike Ol' Elon living largely on the taxpayers. |
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I am sure President Clinton will step in and save the company. Oh wait...
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Tesla could have been a very successful boutique car maker. Instead Musk's big head will burn it to the ground. With the way he's leveraged his stock expect to him lose control and be broken up/sold within a few years. Any bets on if Fiat, Toyota, or GM will be the main buyer?
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Tesla announces production problems: only 220 Model 3s delivered in third quarter View Quote |
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He needs to partner with an actual automobile company.
Making vehicles, he doesn't. |
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Quoted:
I would really, really like for Tesla to succeed. I admire Musk's pioneering spirit, factory direct marketing plan and awesome fast cars.. Right now Tesla is propped up with View Quote |
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Small victory for the shorts. For the two people here who had the guts to do it.
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This is only a surprise to those who weren't paying attention to actual events; Musk's purely promotional patter not withstanding.
Musk said one thing; while real events screamed something else entirely. |
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I work for a company that does A LOT of work engineering, building, maintaining, and expanding car plants and I thought from the announcement his promise to be putting out 5,000 cars a week by the end of the year was pie in the sky BS.
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220, that's worse than I thought it would be. I called it in the other thread, comparing Tesla's production line certification to GM's. People are stupid if they think you're just going to hit the on switch and everything is going to work, and cars are going to come pouring out at the ridiculous pace he claimed.
ETA, check my math 5k cars a week = one car every two minutes. |
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Stop worrying everyone!
Soon, you'll be able to put down a deposit for a ticket to Mars, or maybe a condo on the moon or something! |
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220, that's worse than I thought it would be. I called it in the other thread, comparing Tesla's production line certification to GM's. People are stupid if they think you're just going to hit the on switch and everything is going to work, and cars are going to come pouring out at the ridiculous pace he claimed. View Quote Because Musk certainly knew he was pissing on the stockholders' feet and calling it rain. |
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When does it become fraud I wonder? Because Musk certainly knew he was pissing on the stockholders' feet and calling it rain. View Quote View All Quotes View All Quotes Quoted:
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220, that's worse than I thought it would be. I called it in the other thread, comparing Tesla's production line certification to GM's. People are stupid if they think you're just going to hit the on switch and everything is going to work, and cars are going to come pouring out at the ridiculous pace he claimed. Because Musk certainly knew he was pissing on the stockholders' feet and calling it rain. |
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It's actually a little worse than OP makes it sound. Tesla's guidance was originally for 100,000 to 200,000 Model 3s during the second half of 2017. Obviously that number isn't going to be reached at this point.
More recently the guidance was lowered to an incredibly modest 1630 Model 3s during 3Q17. They made 13.5% of that! My personal estimate had been 407, 25% of their guidance, and even that was too optimistic. |
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I would really, really like for Tesla to succeed. I admire Musk's pioneering spirit, factory direct marketing plan and awesome fast cars.. Right now Tesla is propped up with venture capital and he just can't get a handle on mass production techniques. View Quote |
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I would really, really like for Tesla to succeed. I admire Musk's pioneering spirit, factory direct marketing plan and awesome fast cars.. Right now Tesla is propped up View Quote |
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Small victory for the shorts. For the two people here who had the guts to do it. View Quote 08/01/17 Bought To Open 5 TSLA Jan 18 '19 $50 Put (TSLA) 07/06/17 Bought To Open 2 TSLA Jan 18 '19 $50 Put (TSLA) I'm thinking of adding to it shortly before 4Q earnings. Right now my money is focused elsewhere on winners: APPL, NVDIA, BABA It's still too dangerous to go all in on TSLA. By late 2019, the company may not even exist - too many negative catalysts as major car manufacturers ramp up electrics. - competition increasing across all major car manufacturers - technology (perceived) advantage eroding - flat lined X and S production (OK they're up 5% this quarter - whoopee) - Model 3 problems - severe cash burn - losing money on each and every car manufactured - will only worsen with Model 3 ramp up - Rising interest rates will impact TSLA next time they seek financing next round GM should have their September Bolt sales figures out in a few days. Higher spells more trouble for TSLA, as the Bolt is actually available and closer to a favorable mass production price point. GM is prepped and ready for expanded EV use in China, and is introducing additional EVs. |
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Hey, I think we're missing some people.....
@Shockergd @SkiandShoot @Tesla1 @Neotopiaman @Kharn hohohohoho! |
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Tesla could have been a very successful boutique car maker. Instead Musk's big head will burn it to the ground. With the way he's leveraged his stock expect to him lose control and be broken up/sold within a few years. Any bets on if Fiat, Toyota, or GM will be the main buyer? View Quote |
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Hey, I think we're missing some people..... @Shockergd @SkiandShoot @Tesla1 @Neotopiaman @Kharn hohohohoho! View Quote It's still quite disappointing but oh well, it happens. This is the guy that built a rocket class that beats the government by HUGE margins. Has done many things no one ever thought possible, so I'm going to give him a little leeway with being off 2300 cars in a quarter. Edit - they had one of the best quarters for model S and X. |
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I have a love and hate relationship w Tesla, more hate now since he became a little bitch with a Trump.
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I ditched my TSLA stock in August the same time I added to a small short position. 08/01/17 Bought To Open 5 TSLA Jan 18 '19 $50 Put (TSLA) 07/06/17 Bought To Open 2 TSLA Jan 18 '19 $50 Put (TSLA) I'm thinking of adding to it shortly before 4Q earnings. Right now my money is focused elsewhere on winners: APPL, NVDIA, BABA It's still too dangerous to go all in on TSLA. By late 2019, the company may not even exist - too many negative catalysts as major car manufacturers ramp up electrics. - competition increasing across all major car manufacturers - technology (perceived) advantage eroding - flat lined X and S production (OK they're up 5% this quarter - whoopee) - Model 3 problems - severe cash burn - losing money on each and every car manufactured - will only worsen with Model 3 ramp up - Rising interest rates will impact TSLA next time they seek financing next round GM should have their September Bolt sales figures out in a few days. Higher spells more trouble for TSLA, as the Bolt is actually available and closer to a favorable mass production price point. GM is prepped and ready for expanded EV use in China, and is introducing additional EVs. View Quote 20 new EV's coming up in the next 5 years. Trucks included, as well as SUV's. |
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Quoted:
Tesla could have been a very successful boutique car maker. Instead Musk's big head will burn it to the ground. With the way he's leveraged his stock expect to him lose control and be broken up/sold within a few years. Any bets on if Fiat, Toyota, or GM will be the main buyer? View Quote Maybe Fiat will buy the name. |
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Quoted:
I would really, really like for Tesla to succeed. I admire Musk's pioneering spirit, factory direct marketing plan and awesome fast cars.. Right now Tesla is propped up with venture capital and he just can't get a handle on mass production techniques. View Quote |
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GM is upping the ante for sure. 20 new EV's coming up in the next 5 years. Trucks included, as well as SUV's. View Quote http://bollingermotors.com |
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I work for a company that does A LOT of work engineering, building, maintaining, and expanding car plants and I thought from the announcement his promise to be putting out 5,000 cars a week by the end of the year was pie in the sky BS. View Quote |
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Wish I had gone to school for engineering instead of LE. Maybe when the baby gets older...some of my generator ideas are sick, and would translate well to use in electrically powered vehicles.
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I ditched my TSLA stock in August the same time I added to a small short position. 08/01/17 Bought To Open 5 TSLA Jan 18 '19 $50 Put (TSLA) 07/06/17 Bought To Open 2 TSLA Jan 18 '19 $50 Put (TSLA) I'm thinking of adding to it shortly before 4Q earnings. Right now my money is focused elsewhere on winners: APPL, NVDIA, BABA It's still too dangerous to go all in on TSLA. By late 2019, the company may not even exist - too many negative catalysts as major car manufacturers ramp up electrics. - competition increasing across all major car manufacturers - technology (perceived) advantage eroding - flat lined X and S production (OK they're up 5% this quarter - whoopee) - Model 3 problems - severe cash burn - losing money on each and every car manufactured - will only worsen with Model 3 ramp up - Rising interest rates will impact TSLA next time they seek financing next round GM should have their September Bolt sales figures out in a few days. Higher spells more trouble for TSLA, as the Bolt is actually available and closer to a favorable mass production price point. GM is prepped and ready for expanded EV use in China, and is introducing additional EVs. View Quote I've stacked up on the 2019 $50 puts, enough to pay off my house and then some if they go bankrupt in that time frame. The 2020 Leaps start trading on 11/13/17 but will have a huge time premium for quite a while. Also, your list of 2019 problems should include that by then they'll be somewhere north of $27B in debt. It's just going to get to be too much to be serviceable, if it isn't already. |
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I’m here
Not too concerned. Record quarter for model s Record quarter for model x If they aren’t cranking out the model 3 at a quick rate by end of November or mid December I’ll be a little concerned Been hearing of Tesla’s imminent bankruptcy for 5 years or so Been hearing about tesla killer cars for about as long We will see how it plays out To date none of the tesla is doomed talk has come to pass |
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