Gigafactory

Quote: Dalex64

11 million sold worldwide, and now every major manufacturer has at least one in the lineup.

https://en.m.wikipedia.org/wiki/Hybrid_electric_vehicles_in_the_United_States

Consumer demand has put them into the 30mpg cars, yielding 55mpg cars.

Apparently Ford is going to try the hybrids in a pickup truck.

The idea from the manufacturers isn't to save gas, it is to sell vehicles, and so far the demand for hybrids has been in cars, not trucks.

Still < 5% of the market. Your statement is my point, it is all marketing to the math challenged.

Elon Musk faces CRUNCH Tesla vote as stockholders consider SHOCK REMOVAL

The headline is a little bit yellow as the vote is to remove him as chairman of the board and not his CEO duties. FWIW, I would prefer a SEC rule that a person in a publicly traded company cannot hold both posts. That being said, if he is booted as CoB, his room to maneuver shrinks and he will have to start putting up.

Elon Musk emails employees about 'extensive and damaging sabotage' by employee

I think the pressure is really on Musk at this point. First a real layoff. And he is acting weirder and weirder. From changing the subject on conference calls to this kind of email. You have to wonder if he is not looking at the numbers and situation and realizing he can't make it happen?

Tesla reported the biggest loss in its history. But it could've been worse

Musk claims profit is coming, the stock actually pops a bit. What on earth is going on here?

Quote: AZDuffman

Musk claims profit is coming, the stock actually pops a bit. What on earth is going on here?

Agreed, the losses are ugly. It's painful to look at just how much cash these drunken sailors are burning through:



So why is Wall Street so irrationally optimistic? Because production is growing exponentially:

Quote: Forbes

In the second quarter of 2018, Tesla produced just over 53,000 vehicles, doubling its output compared to the same quarter last year. For the first time, Model 3 production (28,578) exceeded combined Model S and X production (24,761) with deliveries to customers totaling 40,740 for the quarter.

And then there's market share:

Quote: Forbes

The closest individual model to Tesla's mass-market endeavor is the Mercedes C-Class and even then, its July sales are estimated at just 6,029 units. The Model 3 is still untouchable when sales figures from multiple vehicles produced by the same company are added together. For example, the analysis expects sales of the BMW 2, 3, 4 and 5 Series to hit 12,811 at the end of July in total while customers will get their hands on 11,835 Mercedes C, CLA, CLS and E-Class models. That all means that Tesla would have a 23% share of the small and midsize luxury car market in July, ahead of BMW's 17% and Mercedes' 17%.

Tesla seems to be at the point where Pit Bosses have to pawn their Rolexes (circus circus incident from long ago). Must claims its 'accounting entries' that are needed turn us into the black.

Hybrid vehicles are not all for 'green aura' purposes, some actually like the options involved.

Quote: AZDuffman

Tesla is just months from a total collapse, says hedge-fund manager

Debt downgraded this week. Musk can only con real money men so long. I've been calling this for years now, got laughed and yelled at.

With his bonds down, more and more places cannot invest even if they want to do so. If only I could afford some LEAP puts.

How many months left 'til this company goes out of business? The vultures are circling the dying animal...

Quote: CNBC

Investors betting against Tesla lost more than $1 billion Thursday as the company's shares rallied the most in over four years, according to estimates from financial technology firm S3 Partners.

Tesla stock closed more than 16 percent higher Thursday at $331.90 per share, meaning short sellers have taken over a $1.1 billion mark-to-market loss on their 35.1 million of shares shorted, estimates S3. With the price move Tesla's short interest is now $11.7 billion and remains the most shorted stock in the U.S. market, according to S3's head of predictive analytics Ihor Dusaniwsky.

Quote: reno

How many months left 'til this company goes out of business? The vultures are circling the dying animal...

I got this reply from an auto journalist asking about those Model 3 deposits and Tesla's cash:

"Yes, Tesla’s $2.2 billion in cash includes $942 million in deposit money."

Hmmm. That leaves $1.2 billion in usable cash if we assume that the deposit cash is not usable. This means that their cash goes below $1 billion this next quarter. One has to ask at what point to suppliers tighten credit terms? By Q4 the squeeze may really be on.

It just gets more and more interesting.

Musk tweeted about taking TSLA private. He had best be serious. If he is not, talking fines and possibly being a guest of the government for a bit. If it is a criminal case, very possible he is barred from taking a CEO role again.

Then there is the other thing. If he was serious, someone else (Chinese?) could buy it as once he makes a bid, others can make a bid as well. We are already talking astro-bucks. Even adjusted for inflation we are talking 75% higher than the famous RJR-Nabisco buyout. And that buyout had the advantage of great cash flow. TSLA is a cash sink. Any buyer is going to need $100MMM to both buy and carry the thing to positive cash flow.

This will be fun!

EDIT: TSLA has a big payment due soon, and has to pay cash if the stock does not hold its price, which it is very near I guess.

In July, Tesla cracked the list of Top 10 Passenger Cars in America as ranked by units sold:

1. Toyota Corolla 26,754
2. Toyota Camry 26,311
3. Honda Civic 26,311
4. Honda Accord 24,927
5. Nissan Sentra 19,362
6. Nissan Altima 16,051
7. Tesla Model 3 14,250
8. Hyundai Elantra 13,753
9. Kia Optima 10,919
10. Ford Fusion 10,822

(The list excludes SUVs & pickups). Nevertheless, it's a remarkable feat considering they didn't build their first car until February 2008.