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Sigmetnow

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Re: Tesla glory/failure
« Reply #6200 on: October 21, 2020, 10:12:26 PM »
 ;D  Steven Mark Ryan compares analysts who are focusing extremely short-term, asking for one number from the Q3 results that shows if Tesla is a good investment or not, to ARK Invest’s long term outlook.  (TD Ameritrade interview.)  Included: Robotaxi service discussion.

Ark Invest Talks Tesla Stock - YouTube
« Last Edit: October 21, 2020, 10:20:23 PM by Sigmetnow »
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6201 on: October 21, 2020, 10:18:51 PM »
Q3 2020 Results are out!  http://ir.tesla.com/

Page 5:
Quote
SUMMARY
Revenue
Total revenue grew 39% YoY in Q3. This was achieved mainly through substantial growth in vehicle deliveries as well as growth in other parts of the business. At the same time, vehicle average selling price (ASP) declined slightly compared to the same period last year as our product mix continues to shift from Model S and Model X to the more affordable Model 3 and Model Y.

Profitability
Our operating income improved in Q3 to a record level of $809M, resulting in a 9.2% operating margin. This profit level was reached while we took increased SBC expense in Q3 attributable to the 2018 CEO award, of which $290M was triggered by a significant increase in share price and market capitalization and a new operational milestone becoming probable. Positive profit impacts included strong volume, better fixed cost absorption and continuous cost reduction.

Cash
Quarter-end cash and cash equivalents increased by $5.9B QoQ to $14.5B, driven mainly by our recent capital raise of $5.0B (average price of this offering was ~$449/share) combined with free cash flow of $1.4B and partially offset by reduced use of working capital credit lines. Since our days payable outstanding (DPO) are higher than days sales outstanding (DSO), revenue growth results in additional cash generation from working capital. DPO and DSO both declined sequentially in Q3 2020.
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6202 on: October 21, 2020, 10:43:43 PM »
Quote
OUTLOOK

Volume
We have the capacity installed to produce and deliver 500,000 vehicles this year. While achieving this goal has become more difficult, delivering half a million vehicles in 2020 remains our target. Achieving this target depends primarily on quarter over quarter increases in Model Y and Shanghai production, as well as further improvements in logistics and delivery efficiency at higher volume levels.

Cash Flow
We should have sufficient liquidity to fund our product roadmap, long-term capacity expansion plans and other expenses.

Profit
For the trailing 12 months, we achieved an operating margin of 6.3%. We expect our operating margin will continue to grow over time, ultimately reaching industry-leading levels with capacity expansion and localization plans underway.

Product
We are currently building Model Y capacity at Gigafactory Shanghai, Gigafactory Berlin and Gigafactory Texas, and remain on track to start deliveries from each location in 2021. Tesla Semi deliveries will also begin in 2021. We continue to significantly invest in our product roadmap.

No date for cybertruck. :'(

⬇️⬇️⬇️ Images below:  Shanghai Model Y die cast machine; Giga Berlin;  Giga Texas.
Click to embiggen.
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crandles

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Re: Tesla glory/failure
« Reply #6203 on: October 22, 2020, 12:41:40 AM »
Current capacity listed at 840k vehicles.
319k produced first 3 quarters of year and aiming for 500k so 180k 4th Q target.

Profitable in year to Jun 2020 with 387k vehicles delivered. Could reach 720k (maybe more without xmas getting in the way) without any extra site expansion. Three major sites in construction and 4 in development.

Lots of scope for improved profitability.

Sigmetnow

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Re: Tesla glory/failure
« Reply #6204 on: October 22, 2020, 04:08:18 AM »
TFW a clueless analyst asks stupid questions on the earnings call just to try to generate a clickbait headline.
(Sadly, Adam wins this award most quarters.)  Props to Elon for not taking the bait.
Quote
Whole Mars Catalog (@WholeMarsBlog) 10/21/20, 8:32 PM
Congratulations to Adam Jonas on winning the dumb question of the quarter award!

Please meet us at Wendy's to collect your trophy 
https://twitter.com/wholemarsblog/status/1319074186468311040
At the link:  Conference call audio clip, annotated with photos.
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6205 on: October 22, 2020, 04:14:36 AM »
Analyst expectations.

Quote
Pierre Ferragu (@p_ferragu) 10/21/20, 6:21 PM
Elon just concluded ‘not far off’ when I asked him 850K to 1m units delivered next year. ...
consensus is at 724k. $TSLA $TSLAQ 
https://twitter.com/p_ferragu/status/1319041093233758208
 
« Last Edit: October 22, 2020, 04:22:15 AM by Sigmetnow »
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6206 on: October 22, 2020, 05:03:23 AM »
More notes from the conference call:

Waymo FSD uses high-definition maps, in a small, geo-fenced area.
Tesla FSD does not need HD maps, or any cell phone connectivity.  “Even if there is no connectivity and no Tesla has ever been there before,” the car can still drive safely.
Quote
Whole Mars Catalog (@WholeMarsBlog) 10/21/20, 8:05 PM
You could build a brand new road, and Autopilot would instantly know how to drive on it.
That’s so powerful.
https://twitter.com/wholemarsblog/status/1319067283256340481

Whole Mars Catalog (@WholeMarsBlog) 10/21/20, 7:57 PM

“Yeah we’re actually putting the exact same Autopilot from the cars into our semi trucks”
“could be a pretty big deal”
Yeah could be pretty #%&@ huge.
Long distance highway driving is low hanging fruit for autonomy.
https://twitter.com/wholemarsblog/status/1319065391503532032

—-
Musk:  today’s “skateboard” platform will become obsolete.  The same way airplane (and rocket) fuel tanks became the actual structure of the craft, front and rear castings for a vehicle with batteries as a structural component is much simpler/cheaper/more efficient.

Tesla has external sources for enough batteries to fill their needs for 2021. By 2022, internal sources should be ramping sufficiently to keep up.  The  “pilot plant” in Fremont should be one of the top 10 battery factories in the world, once it is scaled up.
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NeilT

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Re: Tesla glory/failure
« Reply #6207 on: October 22, 2020, 01:29:15 PM »
The more they sell, the more net GAAP goes up.

The more they raise funds, the more cash on hand goes up.  These funds block attempts by TeslaQ to claim Tesla is going to die.

Granted there will be more in the detail and we'll find out that more of the profit was from selling EV credits and allowing more FSD revenue.

Nothing really changes here.  Tesla continues to grow and continues to grow stronger.  The step change will be 2021.

If, as has been suggested, Tesla demand will run out, then it will happen when Tesla doubles deliveries again from 500k to over 1m.

Of course if you want to be totally excited by FSD beta, you could watch a twitter video on it.

https://twitter.com/teslaownersSV/status/1319137024171937792
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NeilT

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Re: Tesla glory/failure
« Reply #6208 on: October 22, 2020, 02:11:09 PM »
During the call Pierre Ferragu of New Street Research asked if Tesla would hit 850k to 1m in 2021.  Musk said "near enough".  The press took this to mean that the Tesla target was somewhere inbetween.

https://www.tesmanian.com/blogs/tesmanian-blog/tesla-q3-2020-earnings-call-850k-1m-deliveries-in-2021-not-far-off-per-elon-musk

Looking at the numbers.

Q1/2/3 produced 318,350 vehicles delivered.  This averages out at 12 week quarters (Tesla takes a week off every quarter to stand down and tune), at 8,843 vehicles per week.  Better than 2019, but, still, hardly earth shaking.

But to acheive 500k per year, excepting the 4k vehicles which were produced in Q3 but not delivered, Tesla would need to produce and deliver 177,650 vehicles, or 14,804 vehicles per week.

Now that is Fremont and Shanghai phase 1.

That 14,804 gives us 710,600 for a 48 week year in 2021.

I'm ignoring the fact that Shanghai rapidly increased output in September or that the Fremont Model Y production is still ramping up.

if we add 300k for Shanghai phase 2 and 100k each for Berlin and Texas in 2021, we get 1.21m.

So, I guess, 1m is "close enough".
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6209 on: October 22, 2020, 05:31:45 PM »
For those who like Steven Mark Ryan’s take on things, here’s his review of the Q3 financial results (not the conference call). 

(I’ve already seen, as he mentions, other articles that insist “Tesla is not profitable” because the company’s regulatory credits amount is larger than their profit amount, while completely ignoring the record cash on hand, record operating income, record operating margin, etc., etc.)

Tesla Q3 Earnings Summary (holy ****!)



——- More early looks at the new FSD
Tesla owners share first glimpse of Full Self-Driving Beta in action, release notes, Autopilot settings
https://www.teslarati.com/tesla-full-self-driving-beta-release-notes-video/
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NeilT

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Re: Tesla glory/failure
« Reply #6210 on: October 22, 2020, 06:54:43 PM »
There is no doubt that 5 years from now, with Tesla selling 5m vehicles a year and having run a fairly constant small profit, there will still be plenty saying Tesla is only a scam and is going to fail.
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Tor Bejnar

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Re: Tesla glory/failure
« Reply #6211 on: October 22, 2020, 08:47:35 PM »
Neil,
Tesla will fail, in that someday they will cease to exist.  But I'm a geologist who thinks long term.  :)  If I was an astronomer, I'd say they will cease to exist 'soon'.   ;D :o :P ::) :-\
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Re: Tesla glory/failure
« Reply #6212 on: October 22, 2020, 10:58:26 PM »
Yep, but the shorts think in months...   ;D ;D ;D

Tesla could easily last 100 years and that, quite literally, is a lifetime.
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Tor Bejnar

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Re: Tesla glory/failure
« Reply #6213 on: October 22, 2020, 11:36:35 PM »
 :)
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6214 on: October 23, 2020, 08:20:11 PM »
Tesla is knocking on the door of the S&P 500
Quote
London(CNN Business) Tesla (TSLA) could have been added to the S&P 500 earlier this year. Instead, it was snubbed, shocking the bullish investors that have driven the company's shares up more than 400% this year.

But the electric carmaker's pitch for joining the exclusive index of top US companies appears to be strengthening.

What's happening: Tesla reported its best quarterly profit to date on Wednesday, and said it still hopes to hit its target of selling half a million cars this year. Its stock is up another 5% in premarket trading.

Telsa's profit of $874 million, excluding special items, is up nearly 156% from one year ago and nearly double what it earned in the second quarter. The number also blew through Wall Street's estimates.

The company, which is worth more than Toyota (TM), Disney (DIS) and Coca-Cola (KO), has now notched five consecutive quarters of growth. According to criteria set out by S&P Dow Jones Indices, it should be eligible for inclusion in the S&P 500. …
https://amp.cnn.com/cnn/2020/10/22/investing/premarket-stocks-trading/index.html

——  Video Section
Jim Cramer on Tesla earnings: The doubters were wrong, the believers were right
➡️https://youtu.be/KtgCdnz0p-4

And the Steven Mark Ryan (SMR) version:
Jim Cramer: Tesla Doubters Were Wrong
➡️https://www.youtube.com/watch?v=yhfyEyQytDM


If you miss the doom and gloom, here’s a recent SMR vid with clips of Bob Lutz on CNBC from 2017 - 2020.
Does Bob Lutz Still Think Tesla Is Doomed?
➡️https://www.youtube.com/watch?v=5D28arWNMGY


—- China
Tesla starts exporting Model 3 from Gigafactory Shanghai
October 18, 2020
Quote
It appears that Tesla Gigafactory Shanghai has started exporting its locally-made Model 3 to Europe. In September 2020, the all-electric car maker began preparations in Giga Shanghai to produce Model 3 vehicles optimized for export in Asia and the European region. …
https://www.teslarati.com/tesla-starts-model-3-exports-from-china/

—- Canada
Tesla Megapack-powered Windcharger in Alberta goes online
Quote
A massive “Windcharger” in Alberta, Canada, has officially started operation, according to TransAlta, the company that manages the project. The massive project, which will have energy stored in Tesla Megapacks, has a nameplate capacity of 10 MW and a total storage capacity of 20 MWh. …
https://www.teslarati.com/tesla-megapack-alberta-windcharger-complete/amp/


—- Sorry!
Quote
Whole Mars Catalog:  Savage Level: Elon Musk
[⬇️ Text image below.]

Elon Musk (@elonmusk)10/21/20, 7:33 PM
Not intentional! We just wanted to show that you could theoretically convert the entire US vehicle fleet to electric using only the lithium in Nevada, a single state. Tesla will do lithium mining only as needed. We also found a way to extract lithium using NaCl (table salt).
https://twitter.com/elonmusk/status/1319059307804045316

—- FSD
Quote
Whole Mars Catalog: Imagine you had a computer program that could take in pictures from a camera, and then instantly build a video game that looked exactly like the pictures.
Well, that’s what Tesla vision does. And then it tries to play the game it makes
https://twitter.com/wholemarsblog/status/1319219484993802241

Alex:  If this is rolled out at the end of the year it will be obvious to many how far Tesla is ahead
No HD maps, no lidar but vector-based 4D vision makes the difference 

Whole Mars Catalog:  Waymo fake-launched their service because they knew how embarrassing it would look if Tesla launched before they did.
https://twitter.com/wholemarsblog/status/1319216627083214849
Screencap at the link:  Waymo:  You’re on the waitlist.  We’re adding riders gradually and will email you when you’re in.
(Waymo’s initial rollout seems not so different from Tesla’s, tbh.  Over the past few days, additional Tesla twitterfolks have announced that they, too, have received the FSD update.)
« Last Edit: October 23, 2020, 08:28:44 PM by Sigmetnow »
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zizek

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Re: Tesla glory/failure
« Reply #6215 on: October 23, 2020, 09:42:38 PM »
So apparently China wants Tesla to recall 30,000 cars for faulty suspension. Tesla responds by calling chinese people bad drivers. This recall would apply to all teslas made from 2015-2018 (if other countries follow suit). Tesla did not disclose the recall in their recent equity raise, even though they know beforehand.

Que lots of westerners angry at chinese people for demanding safety standards and blocking "progress"

Sigmetnow

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Re: Tesla glory/failure
« Reply #6216 on: October 24, 2020, 09:09:07 PM »
The China Suspension recall is not that big a deal; problems occurred in about 30 cars in China, occurring after abuse such as hitting curbs or potholes.
Tesla said that the failure happened in less than 0.05% of vehicles outside of China and about 0.1% of vehicles in China.  Involves only Models S & X made from 2013 to 2017.

Tesla Recalls Model S/X in China, Plans to Export China Model 3 + More Product Updates?
➡️https://www.youtube.com/watch?v=0gXUDwP5jrY
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6217 on: October 24, 2020, 09:23:09 PM »
From August 2020:
Jim Cramer & Rob Maurer Discuss TSLA Stock, Elon Musk, Tesla's Battery Day, and Tesla's Advantages


It’s fun to watch Cramer’s reaction upon learning Cybertruck details. Good discussion about Tesla stock manipulation.

Watch: Jim Cramer & Rob Maurer Discuss TSLA Stock, Elon Musk, and Battery Day
In the video above, Jim Cramer joins Rob Maurer to discuss Tesla's valuation, Elon Musk, Wall St.'s expectations for Tesla's upcoming battery day, and Tesla's advantages versus its competition.
Timestamps:
   •   0:00 Introduction
   •   0:43 How has Cramer's thinking on Tesla evolved over time?
   •   4:18 Is TSLA stock overvalued at $1,900 per share?
   •   6:08 What are the expectations for Tesla's Battery Day? Does Tesla have a million mile battery?
   •   13:43 Why isn't Tesla advertising?
   •   15:12 Tesla's differentiating factors
   •   16:32 Will Tesla's Cybertruck be successful?
   •   21:20 What is exciting about Tesla right now? S&P 500 inclusion? Stock split? Why is Tesla ahead?
   •   30:44 Is Elon Musk TSLA's biggest risk?
   •   32:45 Is Tesla stock being manipulated?
   •   39:28 Tesla is a technology company
https://www.thestreet.com/tesla/interviews/jim-cramer-rob-maurer-discuss-tsla-stock-elon-musk-and-tesla-battery-day


——
Tesla’s giant Megapack battery farm in Moss Landing [California] is taking shape
October 19, 2020
Quote
The progress of Pacific Gas & Electric (PG&E) and Tesla Energy’s massive Megapack battery at Moss Landing, California appears to be quite consistent, with a recent flyover of the site showing that dozens of the grid-scale energy storage units have already been set up in concrete slabs. More Megapack batteries also remain wrapped on one end of the Moss Landing site, indicating that more battery installations would likely take place in the near future. …
https://www.teslarati.com/tesla-megapack-moss-landing-update-video/
Article includes a drone video of the site.
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6218 on: October 25, 2020, 02:30:07 AM »
—- Early FSD beta videos
Quote
Whole Mars Catalog (@WholeMarsBlog) 10/24/20, 6:22 PM
"Come on Tesla, I'm ready. Let's go get lunch."
(This is an early beta version of Tesla Autopilot that still has lot of rough edges to work out before production. Sharing to let everyone see how capable it is, and what still needs work. 5x speed to fit Twitter video limits)
➡️https://twitter.com/wholemarsblog/status/1320128448145231873
[ 2:20 time-lapse vid ]
~ when it was trying to change lanes to get to the left side of the road, the guy in the lane to the left sped up
so it aborted the lane change two times before it finally did it. will hopefully be smoother before public release, but cool that it's aware of this kind of stuff
~ like it was good it can respond to stuff like that but it could have done it more smoothly
< Was that summon you used in the beginning?
~yes

  ——
Whole Mars Catalog (@WholeMarsBlog) 10/24/20, 7:12 PM
Here's the same video but zoomed into the visualization so you can see it better
➡️https://twitter.com/wholemarsblog/status/1320141157909762049


Quote
Whole Mars Catalog (@WholeMarsBlog) 10/24/20, 8:10 PM
What Tesla is doing may look the same as other autonomous cars, but the way they do it couldn’t be more different
Rather than relying on big ugly expensive power hungry spinning laser beams, & pre-mapped laser scans called “HD maps”..
Tesla focused on computer vision
➡️https://twitter.com/wholemarsblog/status/1320155829731950592
[ 2:20 clip from Andrej Karpathy presentation]

—-
Whole Mars Catalog (@WholeMarsBlog) 10/24/20, 2:38 PM
It’s a testament to how good Tesla’s vision system is that people think they cheated and used HD Maps.
They didn’t.
https://twitter.com/wholemarsblog/status/1320072175303290881
WMC: important to note for every other player HD Maps isn’t cheating. it’s actually their strategy
< And I have now been pointed to the tweets where people think its HD maps. These people are wrong, and embarrassing themselves. The videos they point to do not demonstrate use of HD maps; they demonstrate use of the same kind of maps (with lane info) that a modern sat-nav uses.
< HD maps are Lidar maps. Like, pre mapped locations. Teslas just use Google maps. But it relies on the cameras and radar.

Quote
Vincent (@vincent13031925) 10/24/20, 3:34 PM
Not an ordinary training  ;)
https://twitter.com/vincent13031925/status/1320086226448232448
⬇️ Photo below
< Costco [parking lot]?
~ Not Costco ;D
< Wow ! Just thinking about what it takes to make an EV move in this environment safely makes my head hurt .
<< Reality is messy
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NeilT

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Re: Tesla glory/failure
« Reply #6219 on: October 26, 2020, 12:11:54 PM »
Listening to excerpts of the Q3 results video, Must says something extremely important in terms of understanding the competition and how they will compete with Tesla.

He talks about how Tesla is insanely vertically integrated.  Then he says that competitors cannot do "catalogue engineering".  I.e. your competitor can't just get the manufacturers catalogue out, buy the same equipment, make a slightly different design and start pushing out your technology with a slightly difference face.

This is critical to understanding the position Tesla has in the marketplace.  Tesla didn't do this vertical integration because it thought it would be a cool idea to do; it did it because there was nothing on the market to service the need Tesla had.  Witness actually going to the lengths of building a new graphics and artificial intelligence processing chip.  Not because they thought it was a cool idea but there was nothing on the market, with the power, profile and energy draw, which could model 4d images and process them into a decision making pathway.

Those things didn't exist when Tesla set out to make them and they still don't really exist today.  This means that anyone trying to beat Tesla at this to take their market is going to be delivering a poorer experience.

He also talks about Tesla as a group of startups.  Not just cars but energy, superchargers, batteries, solar, power control interfaces, manufacturing plants and manufacturing equipment, insurance, software computer hardware....  The list goes on.

Beyond that he says "I don't think any of our startups have failed.  Late, maybe, failed? No".

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Sigmetnow

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Re: Tesla glory/failure
« Reply #6220 on: October 26, 2020, 05:05:27 PM »
Per Tesla’s just-released 10Q SEC Form:

Tesla To Invest Up To $12 Billion By 2022 (new factories) - YouTube
“And still remain marginally profitable.”



OEMs are toast.
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NeilT

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Re: Tesla glory/failure
« Reply #6221 on: October 26, 2020, 05:46:42 PM »
OEMs are toast.

Indeed and for a reason not being clearly sounded out.

Tesla already has $14bn cash on hand.  Tesla continues to make a profit and will continue to raise funds on the back of rising stock prices.

Tesla doesn't need to "convert" anything.  VW is looking at  €30bn just to convert existing capacity, design and deliver a platform and start manufacturing and selling them in bulk.  In other words,  €30bn to get to where Tesla was in Jan 2020.

$12bn for Tesla is to build more factories which will immediately start churning out high volume vehicles for which there remains more demand than supply.

Contrast Mercedes.

They are going to cut R&D and capital investment, bet the bank on hybrid whilst spending a small fortune on pushing out an already badly failing EV platform, all on the back of the fact that they provide a more luxurious experience than their competitors.

Here is what I think of that approach...

https://buzzdrives.com/30-luxury-car-brands-that-no-longer-exist-2/
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6222 on: October 26, 2020, 06:41:24 PM »
Tesla reveals plans for its fifth Gigafactory, but it won’t be in India
October 26, 2020
Quote
According to the company’s Q3 10-Q Form for 2020, under the subheading of “Management Opportunities, Challenges, and Risks,” Tesla outlines its current production lines at each of its four currently-owned facilities.

In the table that breaks down the production processes of each facility, a final Production Location is listed as “U.S. Location(s) TBD,” indicating that the next production facility will be located in the country where the company is headquartered. The two vehicles that are listed for production at the unannounced facility are the Semi and the Roadster, and the status states that Tesla’s plans are currently “in development.”

Interestingly, CEO Elon Musk stated in early August that a third production facility in the United States was “very likely” during an interview with Jason Stein of Automotive News.

“I think at some point there will be a third Gigafactory. I’d imagine it would be up in the Northeast,” Musk said. “There’s a mass amount of stuff to do. But, do I think, at some point, we will have a third plant located in North America? I think that’s very likely. …
https://www.teslarati.com/tesla-fifth-gigafactory-united-states/

Table below.  Click to embiggen.
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6223 on: October 26, 2020, 06:58:51 PM »
Quote
The two vehicles that are listed for production at the unannounced facility are the Semi and the Roadster...

Appears this will be a factory designed to make lower volume, more complex vehicles — which have very big batteries. :)
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Yuha

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Re: Tesla glory/failure
« Reply #6224 on: October 26, 2020, 10:18:06 PM »
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The two vehicles that are listed for production at the unannounced facility are the Semi and the Roadster...

Appears this will be a factory designed to make lower volume, more complex vehicles — which have very big batteries. :)

My interpretation of "TBD" is that Tesla has not yet decided where those vehicles will be made. Could be Fremont, Texas or Nevada. Or maybe even a new factory.

NeilT

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Re: Tesla glory/failure
« Reply #6225 on: October 26, 2020, 10:58:01 PM »
If Tesla are to make their own goals of 20m vehicles they will need at least 4 more factories by the end of 2026 and probably even more unless they get every factory over 2m vehicles per year.

If you look at potential sales, they need a RHD factory in Asia to service Japan, Indonesia, Indian subcontinent, Australia, NZ and a third of Africa.

They will also need around two more factories for the LHD Asian countries.

Clearly Berlin is not enough for EMEA, so one or two more will be needed there and we haven't even got to South America.

Meanwhile the factories in the US are not enough even with Texas flat out.

You can be absolutely certain that Tesla already have an outline plan for this.

$12bn is just the short term spend to get them going. I would expect a real world $20bn to $30bn spend over the next decade for manufacturing facilities.

Of course as Tesla vehicles hit multiple millions on the road, insurance will be a growing revenue source, as will FSD.

Icing on the cake? Energy.

How will they fund it? Rights issue on growing share value whilst continuing with positive cash flow and a low net profit on high margin sales.

After all if GM can raise $50bn, I don't see why Tesla could not raise 30.
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Sigmetnow

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Re: Tesla glory/failure
« Reply #6226 on: Today at 03:16:16 AM »
 ;D

Tesla TSLA Short Sellers Take the Crown for Worst Short Selling in Last 5 Years.
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The past five years have been difficult for short-sellers and ValueWalk has created the Top 10 worst short calls.

#10 Advanced Micro Devices
#9 Sea Ltd
#8 Wayfair
#7 Square
#6 Zoom Video Communications
#5 NVIDIA
#4 Amazon
#3 Apple
#2 Alibaba
#1 Tesla

Despite the March selloff and the weakness in September, 2020 has been especially rough for short-sellers. This year, Tesla short-sellers lost an astonishing $29.2 billion on their bet, based on data from Ihor Dusaniwsky of S3 Partners. …
https://www.tesmanian.com/blogs/tesmanian-blog/new-headline-tesla-tsla-short-sellers-dominates-worst-short-selling-for-the-last-5-years-congrats
People who say it cannot be done should not interrupt those who are doing it.