Tesla Continues to collapse.

[MSum661]

Right! From acid tweeting, to rappers, escorts, drug cartels & insider trading what's up for tomorrow? I don't think Hollywood could make this shit up……..

You're slacking just a bit.....lol
https://www.telegraph.co.uk/news/20...-has-baby-step-daughter-has-known-since-four/

 

[Sleek-Jet]

Shit. A few weeks ago there was brown outs here in kommifornia

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For any number of reasons... EVs probably not one of them. And remember that SoCal isn't "the grid", just one corner of it.

 

[highvoltagehands]

You're slacking just a bit.....lol
https://www.telegraph.co.uk/news/20...-has-baby-step-daughter-has-known-since-four/

God Damn…. LMAO!

 

[Yellowboat]

You're slacking just a bit.....lol
https://www.telegraph.co.uk/news/20...-has-baby-step-daughter-has-known-since-four/

That's some fucked up shit....

 

[spectra3279]

Not saying they caused it. Saying they won't help and may make shit worse.

For any number of reasons... EVs probably not one of them. And remember that SoCal isn't "the grid", just one corner of it.

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[spectra3279]

Even after osama shutdown all the coal plants, or most of them. They refuse to build new nuclear plants? I'm sorry but solar just ain't gonna to cut it. Cloudy days, night time. Shorter days during winter.

Unless you can store the energy from solar it's not something you can count on.

Hey Spectra, Actually We've been upgrading the grid BIG time, adding a massive amount of capacity to system in last 5 years. Here's just a few:
2-500KV Transmission Lines into LA, 1-500KV T-Line into San Diego, 1-345KV T-line into LV.
Over 100 T-Line & more than 250 Distribution Line reconductors have also been completed boosting capacity throughout urban areas.
The state has also added 5-6 large solar farms and over 250,000 homes now have solar, reducing power needs and pumping it back into system.
Getting power to hundreds of thousands EV stations isn't going to burden the system or be an issue.

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[highvoltagehands]

Even after osama shutdown all the coal plants, or most of them. They refuse to build new nuclear plants? I'm sorry but solar just ain't gonna to cut it. Cloudy days, night time. Shorter days during winter.
Unless you can store the energy from solar it's not something you can count on.
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I’m didn’t say we should run everything off solar nor do I think we should. Solar is good but It’s still in infant stage. I’m big fan of Nuclear generation, and 3 of the new T-lines i posted are fed from Hydro dams, wind, Nuclear, solar, and any other source available in 13 western states (WAPA) including dirty power. The new LV line adds power from Colorado wind generation. All These lines have interconnections adding more availablle sources of power to draw from.

 

[Sleek-Jet]

Not saying they caused it. Saying they won't help and may make shit worse.

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They aren't. Now cell phones are another story. Server farms use massive amounts of power .

 

[spectra3279]

They aren't. Now cell phones are another story. Server farms use massive amounts of power .

Bit coin mining

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[Backlash]

"Jana is a delightful girl....she said I changed her life."

Errol Musk.

Yeah you filthy bastard, you sure did change her life. What a POS.

 

[pronstar]

Bit coin mining

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It’s projected to be 0.5% of global energy consumption by the end of the year.

Crazy shit.


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[spectra3279]

It’s projected to be 0.5% of global energy consumption by the end of the year.

Crazy shit.


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When you look at some of the mining rigs. They are pulling close to 2000 watts. Then you see row after row after row of these things.

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[MSum661]

PPS is getting whacked early today.
LOD 307.52
- 8%

 

[PaPaG]

As said many times before...it is gonna happen and sooner than most thought...Tesla continues to have some serious issues. https://www.investors.com/news/technology/tesla-stock-elon-musk-2/

 

[Uncle Dave]

Meh.

Pretty normal for Tesla to swing like this historically - take a look-
Goldman and most big holders see around 300 so Id guess it will hang around there.

Heres a 5 year peek at the familiar players notice how Telsa has plateaued and bounces around this range.

Telsa gets all the news, but Ford is really what people should be looking at now.



UD

 

[SBMech]

About that Tesla Model 3 quality control ...Looks like they still need work, or glasses....

Read more: https://autoweek.com/article/wait-t...serts-three-white-and-one-brown#ixzz5P7EFIwdJ

 

[Uncle Dave]

About that Tesla Model 3 quality control ...Looks like they still need work, or glasses....

Read more: https://autoweek.com/article/wait-t...serts-three-white-and-one-brown#ixzz5P7EFIwdJ

I suspect it won't have great fit and finish for a while.

Sandy said just real training would go a long way with these guys - but since they are figuring it out on the fly....

Elon blew it there as he did with too many robots.
He really fucked up thinking he could handle that part, but he knows it now.

However - he will find people that can help him w fit and finish there are a bunch of guys out there for that....

On another note - they are coming out of the factory and cash is no doubt finally rolling in.....


UD

 

[SBMech]

I suspect it won't have great fit and finish for a while.

Sandy said just real training would go a long way with these guys - but since they are figuring it out on the fly....

Elon blew it there as he did with too many robots.
He really fucked up thinking he could handle that part, but he knows it now.

However - he will find people that can help him w fit and finish there are a bunch of guys out there for that....

On another note - they are coming out of the factory and cash is no doubt finally rolling in.....


UD




View attachment 676529

Do you have any info on the rumor that there are "parking lots" full of Tesla's that are just sitting around in the sun?

Just curious if you know anything or if the rumor is just that.

 

[Deckin Around]

my buddy just ordered and they told him 4-6 weeks. He wasn't in a rush, still needed to upgrade power in his house etc so he put down a deposit. They called 4 days later and told him his car was ready. He really likes it so far

 

[LargeOrangeFont]

Do you have any info on the rumor that there are "parking lots" full of Tesla's that are just sitting around in the sun?

Just curious if you know anything or if the rumor is just that.

That are charging up

 

[Uncle Dave]

Do you have any info on the rumor that there are "parking lots" full of Tesla's that are just sitting around in the sun?

Just curious if you know anything or if the rumor is just that.

This has been discussed a bunch - there are big lots filled with them-

but this isn't at all strange, negative or indicative of much of anything - most automakers have a bunch of staging areas.

Tesla need somewhere to stage delivery from as their retail outlets aren't typical dealers with big lots but shipped in batches to malls and retail shopping areas where people pick up their rides.

UD

 

[Ol Man]

From Jay Leno's Garage

 

[SBMech]

Elon Musk backpedals on taking Tesla private!

Surprise plan yields stock rollercoaster ride, SEC inquiry, not much else


Tesla CEO Elon Musk has reversed course on a plan to turn Tesla back into a private company via a significant stock buyback that was estimated to cost tens of billions, closing a very short chapter in the company's history as abruptly as he had opened it. Less than three weeks following his initial surprise tweets that briefly sent Tesla stock soaring, Musk announced on Twitter and via a blog post that the company would be staying public.

"Given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company," Musk wrote in a blog post. "Additionally, a number of institutional shareholders have explained that they have internal compliance issues that limit how much they can invest in a private company. There is also no proven path for most retail investors to own shares if we were private. Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was 'please don’t do this.'"

Musk initially planned to turn Tesla into a private company by buying back the shares of those shareholders who wanted to sell them at $420 a share and letting other shareholders continue on as investors -- an effort that would have required tens of billions that Musk had thought he had secured from a Saudi sovereign wealth fund. Yet within days of the initial tweets the CEO had posted a lengthy blog post in which he explained that he had believed that he essentially had an unlimited promise from the fund to back the move financially, which was estimated by some analysts to require north of $60 billion.



Read more: https://autoweek.com/article/green-cars/elon-musk-backpedals-taking-tesla-private#ixzz5PUGQH9H0

 

[MSum661]

Elon Musk backpedals on taking Tesla private!

Surprise plan yields stock rollercoaster ride, SEC inquiry, not much else


Tesla CEO Elon Musk has reversed course on a plan to turn Tesla back into a private company via a significant stock buyback that was estimated to cost tens of billions, closing a very short chapter in the company's history as abruptly as he had opened it. Less than three weeks following his initial surprise tweets that briefly sent Tesla stock soaring, Musk announced on Twitter and via a blog post that the company would be staying public.

"Given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company," Musk wrote in a blog post. "Additionally, a number of institutional shareholders have explained that they have internal compliance issues that limit how much they can invest in a private company. There is also no proven path for most retail investors to own shares if we were private. Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was 'please don’t do this.'"

Musk initially planned to turn Tesla into a private company by buying back the shares of those shareholders who wanted to sell them at $420 a share and letting other shareholders continue on as investors -- an effort that would have required tens of billions that Musk had thought he had secured from a Saudi sovereign wealth fund. Yet within days of the initial tweets the CEO had posted a lengthy blog post in which he explained that he had believed that he essentially had an unlimited promise from the fund to back the move financially, which was estimated by some analysts to require north of $60 billion.



Read more: https://autoweek.com/article/green-cars/elon-musk-backpedals-taking-tesla-private#ixzz5PUGQH9H0

I wouldn't get too close to this right now.
Tesla (NASDAQ:TSLA) has been assigned a $210.00 target price by stock analysts at Barclays in a research report issued to clients and investors on Monday.
Goldman Sachs Group set a $195.00 price target.
I got to check to verify but I believe BofA put out a $200.00 price target.

 

[boatnam2]

This has been discussed a bunch - there are big lots filled with them-

but this isn't at all strange, negative or indicative of much of anything - most automakers have a bunch of staging areas.

Tesla need somewhere to stage delivery from as their retail outlets aren't typical dealers with big lots but shipped in batches to malls and retail shopping areas where people pick up their rides.

UD

So you think Ford is becoming a good buy?

 

[Uncle Dave]

So you think Ford is becoming a good buy?

Id think so, but I don't fully understand the fundamentals behind the continued drop - especially since they have the best selling vehicle in the US the - f150 series. Guessing its linked to profitability and escalating costs.

With the rolling back or freezing of the mileage averages it should give GM and Ford some breathing room to the detriment of Tesla.

After GM bankruptcy and tesla hit 250 I got out of auto stocks and haven't been following other than casually.

UD

 

[RodnJen]

A buddy just took delivery of his model 3 after 16 years with a bmw. So far, so good. I’m looking forward to checking it out.

 

[pronstar]

So you think Ford is becoming a good buy?

Imho Ford is a great buy, particularly because it’s a dividend-paying stock.

Wall St hates conventional automakers.


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[boatnam2]

Id think so, but I don't fully understand the fundamentals behind the continued drop - especially since they have the best selling vehicle in the US the - f150 series. Guessing its linked to profitability and escalating costs.

With the rolling back or freezing of the mileage averages it should give GM and Ford some breathing room to the detriment of Tesla.

After GM bankruptcy and tesla hit 250 I got out of auto stocks and haven't been following other than casually.

UD

10-4

 

[Cole Trickle]

Musk went on the Joe Rogan Pod Cast....

Pretty interesting. Not really what I expected for sure a tortured artist....seems a little sad and deeply burdened.

 

[LargeOrangeFont]

Musk went on the Joe Rogan Pod Cast....

Pretty interesting. Not really what I expected for sure a tortured artist....seems a little sad and deeply burdened.

Nothing a mountain of coke every weekend does not fix...

 

[KingofBeers]

Tesla Chief Accounting Officer resigned on Tuesday after only 1 month on the job. Walked away from $10M equity incentive program. Today a senior HR exec is reportedly not returning after leave. This is going to end badly for shareholders.

 

[2Driver]

Imho Ford is a great buy, particularly because it’s a dividend-paying stock.

Wall St hates conventional automakers.


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WOW I just looked and saw Fords PE is 5.5. Wow. Yield is over 6%.

You need to be cognizant that If it stays down, Ford could adjust then dividend to be in line with the stock price if it stays low. Combined that with a tick up in interest rates it could drop the price again. Usually stocks bought for yield take a beating when interest rates go up. A lot of mine did. Still it seems cheap.

 

[Uncle Dave]

Tesla Chief Accounting Officer resigned on Tuesday after only 1 month on the job. Walked away from $10M equity incentive program. Today a senior HR exec is reportedly not returning after leave. This is going to end badly for shareholders.

wouldn't ending badly depend on where you got in at?
If you got in at 50 hard to say you're not in awesome shape.

They definitely took a hit today probably over that.


UD

 

[Uncle Dave]

On a tesla positive note -

It appears that the Model 3 outsold every BMW in the US last month - with BMW selling 14450 total cars (all models) and model 3 sales estimated at between 17K & 17800.

and appears it has become the 5th best selling car in the US.

If true that's pretty amazing.


UD

 

[Cole Trickle]

On a tesla positive note -

It appears that the Model 3 outsold every BMW in the US last month - with BMW selling 14450 total cars (all models) and model 3 sales estimated at between 17K & 17800.

and appears it has become the 5th best selling car in the US.

If true that's pretty amazing.


UD

View attachment 680913

I believe it....I have insured several in the past 2 months and I bet we saw 40 of them between Irvine and Huntington last week.

 

[LargeOrangeFont]

I believe it....I have insured several in the past 2 months and I bet we saw 40 of them between Irvine and Huntington last week.

Yea I've seen quite a few all over South OC. The "sales" will fall off significantly in a few months after they are caught up with orders. It is artificially high now as people are receiving their ordered cars and Tesla is satisfying pent up demand. A $49K base price car is not going to hang in the top 10 cars sold month after month.

 

[MSum661]

Yea I've seen quite a few all over South OC. The "sales" will fall off significantly in a few months after they are caught up with orders. It is artificially high now as people are receiving their pre ordered cars.

TSLA Bonds just hit an all-time low, 28% of the Float is currently Short and Forward PE is over 89.
This thing is gonna get wacked hard.

Is Musk shorting his own company?? Seriously.

 

[LargeOrangeFont]

TSLA Bonds just hit an all-time low, 28% of the Float is currently Short and Forward PE is over 89.
This thing is gonna get wacked hard.

Is Musk shorting his own company?? Seriously.

Funding Secured!!!

 

[Uncle Dave]

calculate 5-6K a week against how many pre- orders? (no one knows for sure but we know there are a lot. )

Actually I look at the best selling cars list it makes me sad.

We've basically ceded the volume car business top the Japanese.

You guys hate tesla so take them out - and our only entry is ford one notch above the bottom of barrell performance against apac.

 

[MSum661]

Funding Secured!!!

Lol.

 

[Uncle Dave]

Funding Secured!!!

Now that its up and going its perfect time to move him into a different role - away from Tesla and back to spacex- for at least a few years until he grows up a bit more.

Hes a genius but still immature.

UD

 

[pronstar]

Smoking weed on a podcast ain’t the greatest way to instill shareholder confidence...


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[Uncle Dave]

Smoking weed on a podcast ain’t the greatest way to instill shareholder confidence...


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No worse than other celebrity/ political/ business / personalities approach like Bill C said he could figure out how to work a joint. I didn't inhale...please.

Its about the only thing that can connect him to an average guy at this stage.
IF he did it three years ago hed be a rebel because it was illegal. Now - meh so what.

Notice how he laughed after he said I I think I tried that once...



UD

 

[DRYHEAT]

Smoking weed on a podcast ain’t the greatest way to instill shareholder confidence...


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Maybe he’s taking a page from Nike, going after the pot smoking recalcitrant investors.

 

[SBMech]

calculate 5-6K a week against how many pre- orders? (no one knows for sure but we know there are a lot. )

Actually I look at the best selling cars list it makes me sad.

We've basically ceded the volume car business top the Japanese.

You guys hate tesla so take them out - and our only entry is ford one notch above the bottom of barrell performance against apac.

The only reason is cost. Jap vehicles are inexpensive. The big three seem to have forgotten how to build inexpensive cars. Or they just don't care anymore.

 

[LargeOrangeFont]

calculate 5-6K a week against how many pre- orders? (no one knows for sure but we know there are a lot. )

Actually I look at the best selling cars list it makes me sad.

We've basically ceded the volume car business top the Japanese.

You guys hate tesla so take them out - and our only entry is ford one notch above the bottom of barrell performance against apac.

We let that business go 30 years ago. Probably because there is more money in trucks and SUVs. Most of those cars on that list are built here and are designed for North America anyway - specifically the Accord and Camry.

 

[LargeOrangeFont]

The only reason is cost. Jap vehicles are inexpensive. The big three seem to have forgotten how to build inexpensive cars. Or they just don't care anymore.

Why build a car when you can put someone in a crossover with the same cost as a sedan, but mark it up another $5k.

 

[Member: 71]

Musk went on the Joe Rogan Pod Cast....

Pretty interesting. Not really what I expected for sure a tortured artist....seems a little sad and deeply burdened.

Horrible weed smoker.

 

[Uncle Dave]

The only reason is cost. Jap vehicles are inexpensive. The big three seem to have forgotten how to build inexpensive cars. Or they just don't care anymore.

They are also stone reliable transportation for the vast majority.

Why is it important - because there are 100K vehicle in that market up for grabs. Gotta be a way to do better than a 13nth place.

For sure the SUV and truck market is different.

electrically speaking - Well probably give that up and condense even further -
With a loaded Bolt costing 44K - you are 6K away from a 49K Model 3- and between those 2 no contest.

The big three are relatively hopeless with the euros coming on strong electrically if they play it smart and share components like battery packs (akin to something like sharing transmissions) they can put tesla down as well.