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Author Topic: Tesla glory/failure  (Read 49227 times)

GoSouthYoungins

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Re: Tesla glory/failure
« Reply #1700 on: March 18, 2019, 10:23:58 PM »
Cuz a company that has money needs to ask its employees to volunteer?


https://www.businessinsider.com/tesla-asks-employees-help-delivering-30000-cars-end-quarter-2019-3
big time oops

Archimid

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Re: Tesla glory/failure
« Reply #1701 on: March 19, 2019, 01:40:54 AM »
If after production and deliver hell of last year and continued layoffs they can still get their employees to volunteer for extra work then Tesla's glory is secured. The employees understand the importance of Tesla's mission and the sacrifices needed to succeed.

I  also hope Tesla taps volunteers from the general public. They should formalize it and create a volunteer corp that can be properly trained to do more than just talk with other customers.
I am an energy reservoir seemingly intent on lowering entropy for self preservation.

rboyd

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Re: Tesla glory/failure
« Reply #1702 on: March 19, 2019, 02:13:00 AM »
The share price looks like it is heading for a retest of the $250 level which has held for quite a while, if that breaks we could quickly be at $200. That would start to severely limit what funding options, and the price of options (e.g. interest rate) that, are available to the company.

The outcomes from now on are very binary (rapid onset of financial troubles vs. gaining real profitability) with the company on the knife edge.

Sigmetnow

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Re: Tesla glory/failure
« Reply #1703 on: March 19, 2019, 02:46:14 PM »
If after production and deliver hell of last year and continued layoffs they can still get their employees to volunteer for extra work then Tesla's glory is secured. The employees understand the importance of Tesla's mission and the sacrifices needed to succeed.

I  also hope Tesla taps volunteers from the general public. They should formalize it and create a volunteer corp that can be properly trained to do more than just talk with other customers.

If Tesla hired people for every end-of-quarter push, bears would be screaming about the ‘cash burn.’  Tesla is not your ordinary 9 to 5 job; employees realize extraordinary efforts are an important part of what makes Tesla a success.

"We have to deliver 30,000 more cars in next 15 days."

This will happen.  Some delivery centers are handling 200 cars a day now. Q1 will set another record.

Quote
Dennis Chang (@infoxer) 3/15/19, 6:32 AM
Video from one of two delivery center in Shanghai, as the hold lifted, Tesla is busy with delivery by both on site and truck. It’s said around 200 cars delivered on Friday.
https://twitter.com/infoxer/status/1106503316123508736

People who say it cannot be done should not interrupt those who are doing it.

Lurk

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Re: Tesla glory/failure
« Reply #1704 on: March 19, 2019, 04:46:40 PM »
The SEC

In a court filing Monday, the SEC said it was “stunning” to learn that “Musk had not sought pre-approval for a single one of the numerous tweets about Tesla he published in the months since the court-ordered pre-approval policy went into effect.”

“Musk reads this court’s order as not requiring pre-approval unless Musk himself unilaterally decides his planned tweets are material,” the SEC said, arguing that Musk’s actions make the court order “meaningless.”

In the filing, the SEC dismissed every aspect of Musk’s defense, saying his explanations for the Feb. 19 tweet have changed over time, and ripped his argument that the tweet was not material.

“Musk’s contention — that the potential size of a car company’s production for the year could not reasonably be material — borders on the ridiculous,” the SEC said.

The SEC also shot down Musk’s claim that the number of cars had been previously mentioned in Tesla’s fourth-quarter earnings report. Prior to the Feb. 19 tweet, “Tesla had not publicly disclosed any forecast of the total number of vehicles it expected to produce in 2019,” the SEC said.

Musk had previously mentioned an annualized production rate of 500,000 vehicles, but as a more vague production target to reach sometime between late 2019 and early 2020, the SEC said: “On its face, the . . . tweet — which stated Tesla will make around 500,000 cars in 2019 — was materially different from Tesla’s production rate forecasts for Model 3.”

The SEC also said the court-agreed pre-approval requirement does not mean Musk cannot speak, so his free-speech argument has no basis — but even if it did, he had waived his First Amendment rights in the court settlement anyway.

Citing Musk’s “lack of judgement,” the SEC asked a federal judge to find Musk in contempt, and order “all necessary and appropriate relief to enforce its terms.”

https://www.marketwatch.com/story/sec-shreds-elon-musks-contempt-defense-says-hes-ignoring-court-order-2019-03-18?mod=mw_quote_news
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zizek

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Re: Tesla glory/failure
« Reply #1705 on: March 19, 2019, 07:12:41 PM »
I  also hope Tesla taps volunteers from the general public. They should formalize it and create a volunteer corp that can be properly trained to do more than just talk with other customers.
You have to be trolling. This can't be real

rboyd

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Re: Tesla glory/failure
« Reply #1706 on: March 19, 2019, 08:21:37 PM »
I think it’s fairly obvious. After several weird moves this quarter, I believe Tesla is under a pretty severe cash crunch — likely  due in part to higher than expected costs of bringing Model 3 to Europe and China.

Even the fanboys at Electrek seem to be coming around to the reality of liquidity issues at Tesla.

https://electrek.co/2019/03/19/tesla-delays-price-increase-boost-orders-end-quarter/