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Sigmetnow

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Re: Tesla glory/failure
« Reply #2350 on: May 13, 2019, 04:27:41 PM »
Quote
Morten Lund (@mortenlund89) 5/13/19, 9:34 AM
Just a heads-up before people get scared:
The entire US stock market is down due to Chinese tariffs, no just $TSLA. Any other reason TSLA.Q gives is BS.
https://twitter.com/mortenlund89/status/1127930171166793728

The Dow is currently down over 500 points.
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Sigmetnow

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Re: Tesla glory/failure
« Reply #2351 on: May 13, 2019, 04:59:13 PM »
Tesla Gigafactory 3 starts interior work amid escalating US-China trade war
Quote
Work in Gigafactory 3 remains incredibly quick, with visible progress being reported on the site despite the escalating trade tensions between the United States and China, which is weighing down the US market today. On Monday’s pre-market alone, futures for the S&P 500, Dow, and Nasdaq fell amid China’s upcoming 25% tariff on a portion of US goods. China’s initiative appeared to be a response to the Trump administration’s decision to raise the rate of tariffs on $200 billion worth of Chinese imports to 25%.

Tesla’s Gigafactory 3 is following an incredibly ambitious timeline that exceeds that of Elon Musk’s own optimistic estimates. During Gigafactory 3’s groundbreaking ceremony last January, Musk noted that he expects the facility to start initial Model 3 production by the end of the year. China upped the ante on this timeframe, with a Shanghai official noting that the initial buildout of Gigafactory 3 should be completed by May. The rapid buildout of the facility so far suggests that this May target might very well be achieved.
https://www.teslarati.com/tesla-gigafactory-3-starts-interior-work-us-china-trade-war/
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magnamentis

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Sigmetnow

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Re: Tesla glory/failure
« Reply #2353 on: May 13, 2019, 05:45:49 PM »
https://forum.arctic-sea-ice.net/index.php/topic,438.msg199106.html#msg199106

“Tesla No Longer Top”
In Germany.
In April.
In a first-month in the quarter, when Tesla deliveries are always lower than the last month of the previous quarter.
As Tesla is moving away from big “waves” of deliveries to a more steady-state flow.

And German EVs are not exactly being mass-produced. (The “flip the switch” big reveal was of ONE CAR at the end of a production line.  Weirdly, there were no employees surrounding it at all.)

I wouldn’t celebrate just yet.
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Lurk

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Re: Tesla glory/failure
« Reply #2354 on: May 13, 2019, 05:47:43 PM »
Quote
Morten Lund (@mortenlund89) 5/13/19, 9:34 AM
Just a heads-up before people get scared:
The entire US stock market is down due to Chinese tariffs, no just $TSLA. Any other reason TSLA.Q gives is BS.
https://twitter.com/mortenlund89/status/1127930171166793728

The Dow is currently down over 500 points.

Stop with the weak excuses Morton!

TSLA doesn't track the DOW's up and downs. When the DOW was going up earlier this year TSLA was going down.

The Dow is down 2% and TSLA is down 6% today ... Toyota down 1%

TSLA $ 225.10

If TSLA was solid, it wouldn't be down 32.3% YTD
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Lurk

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Lurk

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Re: Tesla glory/failure
« Reply #2356 on: May 13, 2019, 06:01:32 PM »
Tesla Robotaxis May Not Be The Gold Mine Musk Imagines
May 13, 2019

Quote
As we have discussed previously, Tesla’s latest strategic pivot is a very risky gamble, especially in light of the extremely short timeline, which defies the expectations of virtually all non-Tesla autonomy experts, industry competitors, and Wall Street auto analysts. Now a fresh MIT study has added another complication to the situation: According to the authors, autonomous taxis may actually prove more expensive to operate and manage than their human-driven peers.

In other words, even if Tesla’s questionable bet pays off technologically, it may fail to pay economically. That could be seriously bad news for the company - and its vaunted share price.
Big Promises...

Musk has waxed lyrical about the imminent advent of autonomous driving and the revolutionary changes it will bring to transportation thanks to radically lower cost and reduced down times. Indeed, Musk has even claimed that his robotaxi fleet will become such a profit-making machine that it will turn Tesla into a $500 billion company. These claims are based on a few key assumptions:

    The cost of operating a car in the Tesla Network will be a meager $0.18 per mile.
    Tesla will be able to charge $1 per mile.
    Tesla robotaxis will drive 90,000 miles per year for 11 years.
    Tesla owners should earn approximately $30,000 per year via the Tesla Network.

Given that Tesla intends to put its robotaxi fleet into operation by the end of 2020, one would think the company has given extensive thought to the real economics of the venture. Yet, according to Musk’s own comments at Tesla’s recent Autonomy Day event, most of the claimed economic benefits have little basis in serious analysis:

    “Oh, pricing. We just threw some numbers on there. I mean definitely plug in whatever pricing you think makes sense. We just kind of randomly said ‘oh, maybe a dollar (per mile)...probably a dollar is conservative for the next 10 years.’”

That's a shockingly blase attitude to take toward what is supposedly a business unit that will drive the future of Tesla going forward. Unsurprisingly, this prompted a number of rebukes from both auto journalists and industry analysts.

https://seekingalpha.com/article/4263500-tesla-robotaxis-may-gold-mine-musk-imagines
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Lurk

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Re: Tesla glory/failure
« Reply #2357 on: May 13, 2019, 06:04:39 PM »
The first self-driving truck by Mercedes-Benz

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Lurk

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Re: Tesla glory/failure
« Reply #2358 on: May 13, 2019, 06:10:09 PM »
 3 Stocks to Sell as Tariff Woes Take Hold
Relative weakness plagues LYFT, TSLA and EA
By Tyler Craig, Tales of a Technician May 13, 2019,

First, these stocks all find themselves stuck in downtrends, beneath falling moving averages across multiple time frames. With resistance aplenty heaped overhead, future rally attempts have high odds of failure

The second characteristic is a byproduct of the first — relative weakness. All three of today’s selections are underperforming the broader market.

https://investorplace.com/2019/05/3-stocks-to-sell-as-tariff-woes-take-hold/
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Sigmetnow

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Re: Tesla glory/failure
« Reply #2359 on: May 13, 2019, 06:14:56 PM »
https://forum.arctic-sea-ice.net/index.php/topic,438.msg199106.html#msg199106

“Tesla No Longer Top”
In Germany.
In April.
In a first-month in the quarter, when Tesla deliveries are always lower than the last month of the previous quarter.
As Tesla is moving away from big “waves” of deliveries to a more steady-state flow.

And German EVs are not exactly being mass-produced. (The “flip the switch” big reveal was of ONE CAR at the end of a production line.  Weirdly, there were no employees surrounding it at all.)

I wouldn’t celebrate just yet.

Here’s a different perspective on Tesla’s April sales in Germany:

Tesla sales leap over 400% in Germany as Model 3’s European push continues
Quote
Tesla increased its market share last month in Germany’s auto market from .03% to .19%, according to the latest data from the Association of International Motor Vehicle Manufacturers comparing German auto registrations between April 2018 and April 2019. A total of 575 Teslas were registered in April 2019, representing a 442% increase over registrations in April 2018. Tesla’s increase in the German market from month to month also represented the highest growth out of all automotive brands in the country.

Tesla’s total number of cars registered in April 2019 represents a higher percentage of the total vehicles sold in Germany for the month by Alfa Romeo and Lexus, which commanded a market share of 0.12% and 0.11%, respectively. Given the current trends, Tesla’s market share in Germany will likely continue to grow as the all-electric car manufacturer continues its sales push into the European market. This suggests that Tesla’s blend of practicality, performance, and tech-driven luxury has enabled the company to carve out its own niche in a market associated with luxury automobiles. ...
https://www.teslarati.com/tesla-sales-leap-400-percent-model-3-push-germany/
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Sigmetnow

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Re: Tesla glory/failure
« Reply #2360 on: May 13, 2019, 08:49:39 PM »
Tesla New York (@TeslaNY) 5/13/19, 2:09 AM
#Tesloop Ridesharing: “We have 8 out of the 10 highest mileage [#Tesla] cars, all over 250K miles, highest mileage is 450K miles & we've done that in a little over 3 years ... It surprised us how little effort it is to keep these cars running.”  1/
https://twitter.com/teslany/status/1127818118833815552
- “You can have [#Tesla] cars with 100s of thousands of miles on them & they're extremely reliable!” 2/
- Carsharing: “The biggest economic opportunity is really on electric cars because if you have a car that's going to last 500K or more miles which I think every normal #Tesla will, you'll never run it into the ground yourself because that's too many miles.” 3/
- “If you loan me your #BMW 3 series & I give it to somebody, they drive it Vegas & back, I give you $200, your like ok, I made $200 but am I making money, am I losing money, it's hard to figure that out. And if you do that enough, your car's dead.” 4/
- “If it's a #Model3 or something, even if you put 200K miles doing that, you still have plenty of mileage left for yourself. So we feel the economics of #EV, they're kind of like free miles that are out there.”  5/

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Lurk

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Re: Tesla glory/failure
« Reply #2361 on: May 14, 2019, 04:24:44 AM »
After hours TSLA $226.30

10.7 mln shares volume 9% above avg. trading.

I wish these guys would stop stealing my comments from here:
Quote
Tesla Inventory A Major Problem
May 13, 2019
Summary

Finished goods inventory hits new high with sales drop.

New Model S/X design will hurt inventory prices.

Q2 could see another large loss in total.

We are just a few days away from being halfway through the second calendar quarter of the year. For electric vehicle maker Tesla (TSLA), the company is looking to rebound after an awful start to the year. With demand not seeming to be where it needs to be to meet management's yearly guidance, a bloated amount of inventory may only add to the company's troubles.

https://seekingalpha.com/article/4263646-tesla-inventory-major-problem


Tesla bear wants to bet you $10,000 that Elon Musk fails to reach his goals
Published: May 13, 2019
https://www.marketwatch.com/story/tesla-bear-wants-to-bet-you-10000-that-elon-musk-fails-to-reach-his-goals-2019-05-13

Any takers here? :D
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Lurk

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Re: Tesla glory/failure
« Reply #2362 on: May 14, 2019, 04:55:58 AM »
He's even using my own Refs the bastard! I want a commission.

Quote
Interestingly enough, Tesla last month announced a refresh to the Model S and X lines. With longer range, a new suspension and drivetrain, the company is looking to boost sales.

However, this also means that these new vehicles are better than the previously produced ones, yet they were launched at roughly similar prices as the older models.. This should result in an inventory valuation reduction during Q2, on top of the one seen in Q1 as Tesla reduced prices around the globe.

So far, the Model S and X aren't exactly knocking the ball out of the park in Q2. Through the first 12 days of May, there have been 36 registrations in Norway, for example, down from 254 a year ago. That's an 85% year over year drop, nearly the same as April's 86% plunge.

Things are even worse in the Netherlands, where there have been zero registrations of the S/X in May, a month that saw over 425 in the same month last year. That followed just 4 vehicles registered in April, down from 75 a year ago. The math gets even tougher the rest of the year for that country, which saw more than 6,900 registrations in the last 7 months of the year. In the US, headwinds increase further in July after the federal tax credit is halved again.

https://seekingalpha.com/article/4263646-tesla-inventory-major-problem

Quote
In its Q1 2019 production and delivery announcement, management talked about challenges experienced for the first time as the Model 3 rolled out to markets in Europe and Asia. This meant that more than 10,000 vehicles were in-transit to customers at quarter's end, and those were supposed to be delivered in Q2. However, as the table below shows, this was only the third highest in-transit quarterly number for vehicles.

(*Tesla did not break out in-transit vehicles by model for Q1 2019. Data sourced from Tesla press releases and quarterly filings)

Quote
The more interesting part of the table is on the right, where I added the value of finished goods inventory at the end of each quarter. You'll notice that Tesla hit a new high at the end of Q1, despite not being close to the all-time high in terms of in-transit vehicles. Let me remind everyone how this number is calculated as detailed in the 10-Q filing:

    "Finished goods inventory included vehicles in transit to fulfill customer orders, new vehicles available for immediate sale at our retail and service center locations, used vehicles and energy storage products. As this was our first quarter delivering Model 3 vehicles outside of North America, finished goods inventory has increased as there are longer lead times associated with finite production capabilities at a single factory from which all Model 3 vehicles are shipped globally."
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Lurk

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Re: Tesla glory/failure
« Reply #2363 on: May 14, 2019, 05:00:55 AM »
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

https://seekingalpha.com/article/4263646-tesla-inventory-major-problem
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Lurk

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Re: Tesla glory/failure
« Reply #2364 on: May 14, 2019, 05:17:35 AM »
As good as Twitter?


Quote
Bill Maurer, Contributor
Comments 13322 | + Follow
Author’s reply » @Psycar

But we are constantly told Tesla is a tech company. Not a regular automaker. And they were supposedly only building once an order came in prior to what they said in the latest quarterly report.

SD86
Comments473 | + Follow
It's only going to get worse for Elon Musk from here. The trade war with Red China is going to hurt. No one is buying Tesla cars. Competition is gearing up. A TSLA Long and his money will soon be parted, in Bankruptcy Court. TSLAQ on the way...
13 May 2019, 09:35 PM

ckarabin
Comments9298 | + Follow
Anyone still believing the company's fairy tales on Q1 ought to win the gullibility prize of the century!
13 May 2019, 09:33 PM

newbie 3576
Comments4 | + Follow
So called appreciating Tesla. They just offered me $39k for my brand new model 3 with only 1900miles on it. I paid 65k for it few months ago

https://seekingalpha.com/article/4263646-tesla-inventory-major-problem
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Lurk

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Re: Tesla glory/failure
« Reply #2365 on: May 14, 2019, 06:04:48 AM »
"Tesla Inc raises $2.4 billion in capital ..... has to be the best explanation I've found!"

Quote
Tesla Raises $2.4 Billion In Capital; Is The Company Desperate?
May 6, 2019

[...]

In addition to the structure of the deal, one important element of this issuance really troubles me: In the prospectus, the company calls itself a manufacturer of cars and solar-energy systems.

However, if you listened to the single sales call for the deal, which was only open to large, well-connected funds, Musk stated that the manufacturing of cars and solar-energy systems is simply a "backstop to value," and that Tesla's path to a $500 billion market cap is via autonomous driving and robotaxis.

This concept is nowhere to be found in Tesla's publicly filed selling document. This is a blatant violation of U.S. Securities and Exchange Commission ("SEC") rules to selectively share highly material information.

In light of this, why isn't the SEC blocking the sale of these securities? Because Tesla did a transaction that the SEC doesn't review...

In my many decades on Wall Street, I have never once seen a company present one business plan in their regulatory filings while privately pitching an entirely different one to select investors. This behavior is outrageous, and we'll see if Tesla's acquisition of Maxwell Technologies gets new scrutiny in light of this brazen sidestepping of regulations.

Once you understand the details of this financing, it becomes clear that Tesla was truly desperate. While the structure was clever and allowed the company to raise much-needed cash, it paid a very high price.

The cash gives the company a few more quarters to try to turn things around, but given the abysmal first quarter and downward trends, I wouldn't want to own this stock. Despite the ever-changing narratives, Tesla has never had a profitable year. I'm willing to bet they never will.

https://www.valuewalk.com/2019/05/tesla-raise-capital-convertible-bond/

Worth reading it all.
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Lurk

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Re: Tesla glory/failure
« Reply #2366 on: May 14, 2019, 06:11:04 AM »
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Lurk

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Re: Tesla glory/failure
« Reply #2367 on: May 14, 2019, 06:18:19 AM »
Seen "in the wild" streets of San Jose
 
https://electrek.co/2019/05/11/tesla-model-y-prototype-spotted/

Quote
When Tesla unveiled Model Y earlier this year, the automaker said that the electric crossover will start at $39,000 and have a range of up 300 miles.

The company has since modified its pricing structure and the lowest version currently available to order on its website starts at $48,000.

[ Plus $6,000 for FSD Hardware = $54,000 for a Basic version Model Y ]

Tesla also said that it could be configured with up to 7 seats due to an optional third-row.

[ No way will they fit a 3rd Row in that Prototype Model Y version ]


The company is guiding the first Model Y deliveries to start in the fall of 2020.

[ Almost one and a half years from now ]
« Last Edit: May 14, 2019, 11:28:42 AM by Lurk »
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oren

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Re: Tesla glory/failure
« Reply #2368 on: May 14, 2019, 07:35:12 AM »
The company has since modified its pricing structure and the lowest version currently available to order on its website starts at $48,000.

[ Plus $6,000 for FSD Hardware = $54,000 for a Basic version Model Y ]

Tesla also said that it could be configured with up to 7 seats due to an optional third-row.

[ No way will they fit a 3rd Row in that Prototype Model Y version ]
$54k for a basic version Model Y? If you're spamming this thread, at least be accurate.

Model Y at unveil was $39k for Standard Range, $47k for Long Range.
After unveil prices were raised by $1k. Strange move, one of those constant price changes for no reason.
Only Long Range and higher trims are currently open for pre-orders on the website, starting at $48k. Does that make it the basic Model Y? Of course not. That would be Standard Range, with a price of $40k, and availability in spring 2021.
As now Autopilot is bundled in with all Tesla cars, I expect the actual price of Model Y Standard Range, the basic version of the car, will be $42k, barring any further twists in the pricing scheme.

The FSD software option is not part of any basic model, yet you keep adding it. The car would drive perfectly fine without it.

Regarding the 7-seat option, the 3rd row was actually installed in the Model Y prototype shown in the unveil, which I expect is the same prototype spotted in San Jose.

Lurk

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Re: Tesla glory/failure
« Reply #2369 on: May 14, 2019, 11:16:22 AM »
All Tesla cars being built today have the hardware necessary for full self-driving:
8 vision cameras, 12 ultrasonic sensors, radar, and this custom-designed beast of a Full Self-Driving Computer
5:10 PM - 22 Apr 2019
https://twitter.com/tesla/status/1120480117338398720?lang=en

Anyone remember this from 2 years and 6 months before?

Quote
All Tesla Cars Being Produced Now Have Full Self-Driving Hardware
The Tesla Team October 19, 2016

We are excited to announce that, as of today, all Tesla vehicles produced in our factory – including Model 3 – will have the hardware needed for full self-driving capability at a safety level substantially greater than that of a human driver. Eight surround cameras provide 360 degree visibility around the car at up to 250 meters of range. Twelve updated ultrasonic sensors complement this vision, allowing for detection of both hard and soft objects at nearly twice the distance of the prior system. A forward-facing radar with enhanced processing provides additional data about the world on a redundant wavelength, capable of seeing through heavy rain, fog, dust and even the car ahead

https://www.tesla.com/blog/all-tesla-cars-being-produced-now-have-full-self-driving-hardware

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Lurk

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Re: Tesla glory/failure
« Reply #2370 on: May 14, 2019, 11:20:03 AM »
Tesla Trapped Itself With A 90,000+ Deliveries Guidance For Q2 2019
May 13, 2019

Quote
Summary

Tesla Q1 ’19 delivery results were weak due to exhaustion of US backlog, pulled forward demand and seasonality factors.

Sales in Q1 would have been horrible (below 55,000 cars) if Tesla did not introduce cheaper Model 3 versions, cut prices and offered a variety of discounts.

To patch up its image as a growth company, Tesla announced optimistic Q2 delivery guidance.

Despite a slight improvement in sales at the beginning of Q2 ’19, Tesla is currently heading towards another delivery guidance miss.

In pursuit of meeting the guidance for Q2, Tesla could introduce additional price cuts or discounts, but this will further hurt margins and profit that already suffered in Q1.

In the Q1 ’19 shareholder letter published on April 24, Tesla (NASDAQ:TSLA) provided guidance for the second quarter of 2019 – from 90,000 to 100,000 vehicles delivered. Based on previous quarters and April/early May delivery statistics, I find this guidance utopian. If Tesla decides to pursue its 90,000 deliveries target at any cost (like it tried to do in Q1 '19), it will further hurt margins and profit that already dropped tremendously in Q1.

In this article, I will take you along my line of thought and provide the data that supports my thesis.

https://seekingalpha.com/article/4263539-tesla-trapped-90000-plus-deliveries-guidance-q2-2019
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Lurk

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Re: Tesla glory/failure
« Reply #2371 on: May 14, 2019, 11:22:52 AM »
Electric Vehicles Are Better for Wall Street Than Detroit
By Stephen Wilmot May 13, 2019

Battery-powered cars are about to hit dealerships in much greater numbers, but hold more financial promise for M&A advisors than manufacturers

 One of the biggest things preventing Elon Musk from releasing a mass market electric vehicle comes down to the vehicle's blessing and curse: its lithium-ion battery. We break down the science and the cost.

Tesla’s troubles show how hard it is to make money from electric vehicles. As the world’s top auto makers ramp up EV sales over the coming years, their profits will come under immense strain. A wave of deal-making is one likely consequence.

https://www.wsj.com/articles/electric-vehicles-are-better-for-wall-street-than-detroit-11557739801

But who'd believe a Murdoch rag?
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Lurk

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Re: Tesla glory/failure
« Reply #2372 on: May 14, 2019, 11:26:17 AM »
6 Trade War Stocks With a Lot of Risk  ( #1 ? )
The trade war is back, and that's bad news for these six trade war stocks
By Luke Lango, InvestorPlace Contributor May 13, 2019

Tesla (TSLA)

One sector with ton of trade-war risk is the auto sector, and one company in that sector that looks particularly susceptible to escalated trade tensions is Tesla (NASDAQ:TSLA).

The whole growth narrative at Tesla has pivoted outside of the United States. Broadly speaking, Tesla had its big Model 3 demand surge in the U.S. in late 2018. Now, demand domestically is cooling. In order offset that cooling demand, Tesla is aggressively rolling out Model 3 deliveries globally. Because global demand is bigger than domestic demand, theory says this strategy should work.

But bigger tariffs and increased trade tensions throw a wrench in that growth strategy.

Specifically, China is the biggest car market in the world, and Tesla needs that market to come alive in order to offset cooling U.S. demand. But until Tesla’s Shanghai factory comes online, the company’s China operations will be adversely impacted by bigger tariffs and escalated trade tensions. Thus, China won’t come online in any big way until those headwinds disappear, meaning this is a stock that will continue to fall so long as trade tensions remain high.


https://investorplace.com/2019/05/6-stocks-with-a-lot-of-trade-war-risk/
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Lurk

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Re: Tesla glory/failure
« Reply #2373 on: May 14, 2019, 11:33:56 AM »
The company has since modified its pricing structure and the lowest version currently available to order on its website starts at $48,000.

[ Plus $6,000 for FSD Hardware = $54,000 for a Basic version Model Y ]

Tesla also said that it could be configured with up to 7 seats due to an optional third-row.

[ No way will they fit a 3rd Row in that Prototype Model Y version ]
$54k for a basic version Model Y? If you're spamming this thread, at least be accurate.

Model Y at unveil was $39k for Standard Range, $47k for Long Range.

After unveil prices were raised by $1k. Strange move, one of those constant price changes for no reason.

Only Long Range and higher trims are currently open for pre-orders on the website, starting at $48k. Does that make it the basic Model Y? Of course not. That would be Standard Range, with a price of $40k, and availability in spring 2021.

As now Autopilot is bundled in with all Tesla cars, I expect the actual price of Model Y Standard Range, the basic version of the car, will be $42k, barring any further twists in the pricing scheme.

The FSD software option is not part of any basic model, yet you keep adding it. The car would drive perfectly fine without it.

Regarding the 7-seat option, the 3rd row was actually installed in the Model Y prototype shown in the unveil, which I expect is the same prototype spotted in San Jose.

Thanks Oren for the updated info about the difference between Model Y's for sale online and the rest; and the differences between a Standard range Model Y and the higher priced Long range Model Y. You're simply amazing and so helpful.


Quote
Regarding the 7-seat option, the 3rd row was actually installed in the Model Y prototype shown in the unveil, which I expect is the same prototype spotted in San Jose.

Are you guessing Oren? Surely not! 

But if you are and you're 'wrong' ( heavens above ) you'd better hope the back row seats are only used for midgets, children under 5 or shopping bags. 

https://electrek.co/2019/03/14/tesla-model-y-electric-suv-unveil/
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Re: Tesla glory/failure
« Reply #2374 on: May 14, 2019, 04:48:34 PM »
Tesla Trapped Itself With A 90,000+ Deliveries Guidance For Q2 2019
While the rest of the noise around Tesla doesn't matter much, this is the really big question. Will they or won't they make it? The same guidance (90k-100k total deliveries for Q2) was reiterated with the recent capital raise.
Not meeting the guidance will signal failure, either of execution or of intrinsic demand or both, and in any case will signal that management lacks visibility into the business despite its professed confidence. Very negative sign. OTOH meeting the guidance could be a sign of success on both the execution and demand fronts.
I have usually been quite optimistic on deliveries, but this time I am less optimistic. Wouldn't be surprised if they fail to meet the guidance, after the debacle of Q1. Would be pleasantly surprised if they do manage to meet it.

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Re: Tesla glory/failure
« Reply #2375 on: May 14, 2019, 05:58:38 PM »
For those seeking a big discount on a Tesla in the US

⇅ Model                    ⇅ All colors    ⇅ Discount price    ⇅ Discount
Model S P100D   Red Multi-Coat   $ 98,700.00   $ 44,800.00 ~31%
Model S P100D Red Multi-Coat   $ 124,100.00   $ 11,100.00   ~8%

Model S 100D   Midnight Silver Metallic   $ 84,300.00   $ 20,900.00 ~20%
Model S 100D   Midnight Silver Metallic   $ 87,700.00   $ 20,500.00 ~19%
Model S 100D   Deep Blue Metallic   $ 89,000.00   $ 19,200.00   ~18%

Model X 100D   Red Multi-Coat   $ 89,400.00   $ 18,300.00 ~17%
Model X 100D   Pearl White Multi-Coat   $ 101,900.00   $ 11,800.00 ~10%

Model X P100D Midnight Silver Metallic   $ 124,000.00   $ 16,700.00 ~12%
Model X P100D   Deep Blue Metallic   $ 139,200.00   $ 7,000.00 ~5%

All with EAP and some with FSD
Total inventory available:
USA 1295
Canada 218
Netherlands 885
Norway 776
from https://teslainventory.teslastats.no/ (no model 3 info) 

Norway mtd May sales: 49 x X; 14 x S; 321 x model 3s
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Re: Tesla glory/failure
« Reply #2376 on: May 15, 2019, 04:09:18 AM »
Quote
The guy said he and TEN FRIENDS are having the same issue. A month after buying the car (for over $90,000!!!) the paint is coming off and Tesla won't fix it!
https://twitter.com/temp_worker/status/1128176336978292736





https://teslamotorsclub.com/tmc/threads/model-3-paint-wearing-off.146347/page-2

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Re: Tesla glory/failure
« Reply #2377 on: May 15, 2019, 04:12:56 AM »
All Model 3 prices hiked by $400
May 14, 2019

Tesla (NASDAQ:TSLA) lifted the price increase of all Model 3 variants in the U.S. by $400,
according to an internal e-mail seen by Electrek.

The cheapest Model 3 listed on Tesla's website is now $39,900.

(was $39,500 yesterday)
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Re: Tesla glory/failure
« Reply #2378 on: May 15, 2019, 04:17:35 AM »
Tesla And Maxwell: Assessing The Deal
May 14, 2019

Summary

Tesla is acquiring super-capacitor maker Maxwell Technologies for ~$288 million in stock. Where's the value to Tesla shareholders in this transaction?

A review of Maxwell patents and published patent applications offers clues about how Tesla may use an acquired Maxwell process.

First, Maxwell's process prepares lithium battery anode and cathode electrodes without requiring solvents. Dry processing is environmentally friendly and requires far smaller capex.

Second, Maxwell has a method, enabled by dry processing, that compensates capacity lost on initial charging and increases cycle life - powerful, longer-lasting batteries and lower cost per kWh.

The Maxwell acquisition puts Tesla one more step ahead. Will Panasonic play in this one? Will Tesla share with others?

Fibrilize

A little research has led me to understand what Tesla's acquisition of Maxwell is all about, and it comes down to a single word, fibrilize.
https://seekingalpha.com/article/4263851-tesla-maxwell-assessing-deal
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Re: Tesla glory/failure
« Reply #2379 on: May 15, 2019, 04:56:36 AM »
Slow trading day on TSLA. Manages to rise $5 to $232.25

Down 30% YTD and a whopping -38% since mid-December when everything was coming up 'roses'.


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Re: Tesla glory/failure
« Reply #2380 on: May 15, 2019, 05:20:18 AM »
Tesla's long term competition

Cheap EVs On The Way In Europe, While Luxury Brands Start Taking EV Market Seriously
May 14, 2019
https://forum.arctic-sea-ice.net/index.php/topic,2686.msg199331.html#msg199331


Opinion: China, not Tesla, is driving the electric-car revolution
Published: May 14, 2019 1:21 p.m. ET

Quote
Chinese consumers bought 1.1 million electric vehicles last year; U.S. sales were 358,000

Visitors look at a Gyon electric luxury car at the Shanghai Auto Show in April.


The electric vehicle revolution is coming, but it won’t be driven by the U.S. Instead, China will be at the forefront.

My research on EVs, dating back a decade, convinces me that this global transformation in mobility, from petroleum-fueled vehicles to electric ones, will come sooner than later. The shift is already happening in China, which is the world’s largest automobile market, with 23 million cars sold in 2018. As Western countries approach peak car ownership, there are still hundreds of millions of Chinese families that don’t own a car at all — much less two or more.

Many of them are buying electric cars. By 2015, electric vehicle sales in China had surpassed U.S. levels. In 2018, Chinese sales topped 1.1 million cars, more than 55% of all electric vehicles sold in the world, and more than three times as many as Chinese customers had bought two years earlier. U.S. electric vehicle sales that year were just 358,000.

SEE GRAPH :  Global plug-in electric car sales, 2014-2018
China's electric car market is growing much faster than electric vehicle sales in Europe, the United States, Japan and the rest of the world combined.

A key element of an electric vehicle’s price is the cost of its batteries — and China already makes more than half of the world’s electric vehicle batteries. Battery prices continue to fall; industry analysts now suggest that within five years it will be cheaper to buy an electric car than a gas- or diesel-powered one.

Forecasts predict the Chinese producing as much as 70% of the world’s electric vehicle batteries by 2021, even as the demand for electric car batteries grows. [...]

Huge government backing
The Chinese government, therefore, has chosen to highlight electric vehicles as one of 10 commercial sectors central to its “Made in China” effort to boost advanced industrial technology. Government efforts include using billions of dollars to subsidize manufacturing of electric vehicles and batteries, and encouraging businesses and consumers to buy them.

https://www.marketwatch.com/story/china-not-tesla-will-drive-the-electric-car-revolution-2019-05-14
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Re: Tesla glory/failure
« Reply #2381 on: May 16, 2019, 10:41:40 AM »
TSLA still floppin' around at $231.29  / share
Quote
T. Rowe Price dumps most of its Tesla stake
Published: May 15, 2019 8:12 p.m. ET
Fund manager sold 81% of its Tesla shares in first quarter
https://www.marketwatch.com/story/t-rowe-price-dumps-most-of-its-tesla-stake-2019-05-15

Quote
T. Rowe Price sells most of its Tesla shares
May 15, 2019

T. Rowe Price (NASDAQ:TROW) sold more than 80% of its Tesla (NASDAQ:TSLA) shares during this year's Q1, holding 1.7M shares as of March 31 vs. 8.9M shares at year-end 2018, according to an SEC filing.

TROW's move leaves the fund manager holding the smallest number of TSLA shares since 2013 after ramping up its holdings late last year, even as the stock dropped following Elon Musk's "funding secured" tweet.

Even as TROW steps back from TSLA, it has continued to pump money into potential competitors in the race to develop autonomous vehicles, including an equity investment in GM's Cruise driverless car unit.
https://seekingalpha.com/news/3464431-t-rowe-price-sells-tesla-shares

Quote
Tesla’s ‘huge’ valuation is hard to justify, analysts say
Published: May 15, 2019
‘The longer questions around execution and growth persist, the more difficult the valuation is to defend,’ Evercore says
Tesla Inc. stock trades at a “huge” valuation premium compared with auto makers,’ but analysts say that inflated worth is getting harder to defend.

Analysts at Evercore ISI on Wednesday lowered their price target on Tesla stock to $200 from $240, a 13% downside over Wednesday’s prices.
https://www.marketwatch.com/story/teslas-huge-valuation-is-hard-to-justify-analysts-say-2019-05-15

Don't argue with me ... take your complaints and criticisms to T. Rowe Price, Evercore and the authors if you disagree. ;)
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Re: Tesla glory/failure
« Reply #2382 on: May 16, 2019, 02:19:09 PM »
Great news for Giga 2.

Tesla exceeds employment goals for NY as Giga 2 starts Supercharger V3 production
Quote
Tesla’s first annual report to New York’s Empire State Development Corp. has revealed that the electric car and energy company exceeded its 2019 jobs target for the state. Tesla’s filings reveal that the company has 632 full-time workers through the end of April, comprised of 329 employees at Gigafactory 2 in Buffalo and around 300 more across New York.
...
Apart from providing the specifics of its employment figures in New York, Tesla also announced that it has added a new manufacturing line to the solar factory. The new line is designed to assemble the electrical components of Tesla’s Supercharger V3 stations, which are capable of peak charge rates of up to 250 kW. Considering that Tesla is particularly aggressive with the expansion of its Supercharger Network, the V3 line in Gigafactory 2 would likely result in even more jobs for the state. ...
https://www.teslarati.com/tesla-gigafactory-2-jobs-starts-supercharger-v3-production/
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Re: Tesla glory/failure
« Reply #2383 on: May 16, 2019, 03:10:04 PM »
Great news for Giga 2.

Tesla exceeds employment goals for NY as Giga 2 starts Supercharger V3 production
Quote
Tesla’s first annual report to New York’s Empire State Development Corp. has revealed that the electric car and energy company exceeded its 2019 jobs target for the state. Tesla’s filings reveal that the company has 632 full-time workers through the end of April, comprised of 329 employees at Gigafactory 2 in Buffalo and around 300 more across New York.
...
Apart from providing the specifics of its employment figures in New York, Tesla also announced that it has added a new manufacturing line to the solar factory. The new line is designed to assemble the electrical components of Tesla’s Supercharger V3 stations, which are capable of peak charge rates of up to 250 kW. Considering that Tesla is particularly aggressive with the expansion of its Supercharger Network, the V3 line in Gigafactory 2 would likely result in even more jobs for the state. ...
https://www.teslarati.com/tesla-gigafactory-2-jobs-starts-supercharger-v3-production/

Can Tesla be believed and trusted it's report is accurate?

Quote
Empire State Development is in receipt of Tesla’s Employment and Investment Report for RiverBend,” an ESD spokesperson said. “We are pleased that Tesla is reporting that it has exceeded its job and investment commitments, invested $381 million over the course of the project, and become host to nearly 800 full-time employees working at the manufacturing facility. In the coming weeks, ESD will perform the necessary due diligence to verify the data provided by Tesla.”

Tesla has until next April to create 1,460 jobs in Buffalo, although they do not all have to be in the factory. Currently, it is only reporting one full-time job in Buffalo outside of RiverBend.
https://www.nystateofpolitics.com/2019/05/tesla-reports-exceeding-job-and-investment-obligations-in-ny/

Best wait for NY due diligence to be completed and hear if they agree with Tesla's Report.

The results might show up here:
https://esd.ny.gov/esd-media-center/reports?tid[]=516

Is there any other news on this subject? Yes, there is, first from Reuters:

UPDATE 2-Tesla's New York solar factory making other products in bid to boost jobs
https://af.reuters.com/article/commoditiesNews/idAFL2N22R1KR

According to Reuters, Tesla has to "meet employment targets tied to state subsidies." & "in exchange for $750 million in subsidies for the Buffalo facility, which is known as the RiverBend factory. "

Sounds like Tesla is receiving a form of "social welfare" hand-outs from NY, and is getting much more $ from the taxpayer than it has invested itself into the business. There's also been many questions of the Solar City promises made versus the reality ... eg "... Panasonic is shipping most of the cells originally intended for the Solar Roof to customers overseas."

and "Tesla’s plan to manufacture solar products in New York has come under scrutiny as the company drastically scaled back the U.S. solar business it acquired in 2016 with the $2.6 billion purchase of SolarCity. "

Been a lot of talk over this project in NY, eg in The Buffalo News:

State prods Tesla, Panasonic to 'diversify' product at RiverBend
By Tom Precious|Published February 13, 2019
https://buffalonews.com/2019/02/12/state-prods-tesla-and-panasonic-to-diversify-their-product-at-riverbend-facility/
Quote
ALBANY – New York will “absolutely” seek to penalize Tesla up to $41.2 million if the California company does not hit job goals for its solar plant at Buffalo’s RiverBend complex, a top Cuomo administration official said Tuesday.

Zemsky tried to explain both the sour RiverBend job creation numbers

“So, we spent $1 million per job?" Senate Finance Committee Chair Liz Krueger, a Manhattan Democrat, asked Zemsky after he testified that 700 jobs have so far come to Tesla and Panasonic at RiverBend.

Asked after the budget hearing if the RiverBend project – which cost the state $750 million – has been a good deal for taxpayers, Zemsky said: “I think the RiverBend project has got a better future than it has had a past. I think there’s a path forward for more production there."

“I think we have to work with Panasonic and Tesla to diversify the product base that they have at RiverBend," Zemsky added of what was to be an all solar manufacturing facility.

Seems odd the Government of NY has to "work with" Tesla to do anything when Tesla was the one who made all the promises to get the $750 million of funds and is a Corporation worth over $41 billion.

Given that: "The STATE not only built the factory but installed tens of millions of dollars’ worth of equipment used to make the Tesla and Panasonic products."

Even more interesting is: "RiverBend became ground zero in the Buffalo Billion corruption probe by federal prosecutors, which last year led to high-profile bribery convictions of several people, including Buffalo businessman Louis Ciminelli, whose firm won the solar plant construction deal."

Tsk tsk.

“These companies started out thinking they’re going to do one thing and over time things change," Zemsky said. “We’re all trying to get to the same positive outcome.’’

They'll get no Points "for trying", but only for Results as Promised:

"Tesla has until April 2020 to have 1,460 people working at RiverBend – either for it or Panasonic – or risk a state penalty of up to $41.2 million."

Too easy - because if Tesla pays that penalty they will still be up $100s of millions of "freebies"  on the deal from NY State.

What's happening with Panasonic's relationship with Tesla might be a very critical aspect to what comes next. The more one scratches the surface the more "messy" it all appears. Par for the course when Elon Musk is involved.
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Re: Tesla glory/failure
« Reply #2384 on: May 16, 2019, 03:47:08 PM »
Quote
Tesla's communications chief steps down
May 16, 2019

Tesla (NASDAQ:TSLA) Senior Director of Communications Dave Arnold is leaving the company after a two-year stint, according to TechCrunch.

Arnold took over the high-profile top communications job last July from Sarah O'Brien.

Arnold's duties are being transitioned to Tesla Director of Global Communications Keely Sulprizio.

The communications job at Tesla is considering particularly important due to the EV automaker's lack of traditional advertising.

https://seekingalpha.com/news/3464581-teslas-communications-chief-steps

I assumed that was Elon's main job. Silly me. ;)

[ that was a joke fwiw - so please don't take me "literally" yet again ]
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Re: Tesla glory/failure
« Reply #2385 on: May 16, 2019, 04:10:09 PM »
Maxwell Secured

Tesla Completes Acquisition of Maxwell Technologies

https://ir.tesla.com/news-releases/news-release-details/tesla-completes-acquisition-maxwell-technologies

Quote
Following to the completion of the exchange offer, Tesla completed the acquisition of Maxwell by consummating the second step merger contemplated by the previously announced merger agreement between Tesla and Maxwell. As a result of this merger, all shares of Maxwell stock that were not tendered in Tesla’s exchange offer were cancelled in exchange for the right to receive the same consideration paid for Maxwell stock in the exchange offer.


Considering that Tesla has been on the look out for the next generation of battery technologies and the battery technologies that Maxwell claims, this is a very exiting announcement.

I am an energy reservoir seemingly intent on lowering entropy for self preservation.

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Re: Tesla glory/failure
« Reply #2386 on: May 16, 2019, 04:11:06 PM »
Others are picking up the Solar City / Riverbend 'news' and beginning to connect the dots.

Quote
Reuters: Tesla's Solar Factory Exports 'Great Majority' Of Its Solar Cells
Last month, Tesla reported a 36-percent slide in its overall solar sales in the first quarter, adding to previous big drops since the SolarCity acquisition.

Panasonic is reportedly seeking to use its Buffalo operations to fulfill demand for U.S.-made solar cells from foreign buyers.

This is a new market that arose after the Trump administration imposed tariffs on overseas-made panels in 2018, according to Reuters.

https://www.benzinga.com/news/19/05/13747182/reuters-teslas-solar-factory-exports-great-majority-of-its-solar-cells

Coming on the back of April developments, eg:
Quote
Tesla and Panasonic freeze spending on $4.5bn Gigafactory
Japanese company also suspends planned investment in Shanghai plant

The partners had planned to raise capacity 50% by next year, but with sales of electric vehicles performing below plans, the two companies concluded that a major investment at this stage poses too much of a risk, Nikkei has learned.

Tesla's goals of becoming a mass producer of electric vehicles, on the order of 1 million cars a year, will be pushed back for now.
https://asia.nikkei.com/Business/Companies/Tesla-and-Panasonic-freeze-spending-on-4.5bn-Gigafactory
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Re: Tesla glory/failure
« Reply #2387 on: May 16, 2019, 05:53:13 PM »
Maxwell Secured

Tesla Completes Acquisition of Maxwell Technologies
...
Considering that Tesla has been on the look out for the next generation of battery technologies and the battery technologies that Maxwell claims, this is a very exiting announcement.

Huge news.  It might relate to Musk’s statements that along with the one million mile lifespan for Tesla motors and drivetrain, Tesla batteries would soon also have an increased lifespan.  Possibly a reason behind the Semi truck delay?  And oh yes, another bear claim (“The Maxwell deal will never close”) failure.

Tesla Successful In Buying Maxwell Technologies
Quote
Maxwell Technology was a company specialized in high-quality supercapacitors. A supercapacitor is a kind of electricity storage device that can charge and discharge very fast and many thousands of times without any wear and tear. But the density of energy is very low, making supercapacitors unusable as permanent storage. It has been speculated, though, that use of supercapacitors could enable better storage and reuse of braking energy, making EV’s better track cars.

Perhaps, but that is not what made Maxwell a target for Tesla. Maxwell developed a way to improve battery production. The company’s own estimate was that, in time, Maxwell could grow to a many-billion-dollar company, multiplying their stock value at least tenfold and perhaps a hundredfold. If only they could bring the patents to production. ...
https://cleantechnica.com/2019/05/16/tesla-successful-in-buying-maxwell-technology/

Edit: More:
Tesla completes Maxwell acquisition, ushers another era of battery breakthroughs
Quote
Maxwell has previously stated that its dry electrode technology has demonstrated an energy density of 300 Wh/kg, and that it had “identified” a path to path to 500 Wh/kg. A Tesla Model 3 battery pack, on the other hand, has an energy density of 272 Wh/liter, with the 2170 cells producing 207 Wh/kg, according to Extreme Tech.

Maxwell Technologies is the fifth company that has been acquired by the electric car maker. Before Maxwell, Tesla had acquired Riviera Tool LLC, a company that specializes in stamping die systems; SolarCity, a provider of solar energy services; Grohmann Engineering, a company that produces Tesla’s robots for production; and Perbix, a company that creates highly automated production equipment.
https://www.teslarati.com/tesla-tsla-completes-maxwell-acquisition/
« Last Edit: May 16, 2019, 06:18:26 PM by Sigmetnow »
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Re: Tesla glory/failure
« Reply #2388 on: May 16, 2019, 09:50:30 PM »
Additional perspectives on the Maxwell acquisition and why it is such a big deal for Tesla.

Disruption Research (@DisruptResearch) 5/16/19, 10:44 AM
1/ $TSLA completed its acquisition of $MXWL today. This is Tesla's first battery tech acquisition. It's difficult to overstate how absurd of a development this is. Why?
https://twitter.com/disruptresearch/status/1129034882280296456
2/ @elonmusk has historically expressed deep skepticism of most battery startups / technologies. And @Tesla's the #1 EV company in the world. So when Tesla publicly declares it wants Maxwell, it means the tech is LEGIT.
3/ Why is it absurd? Because it only cost ~$200M, or *LESS THAN 0.50%* of GM, Ford, BMW, Daimler, or VW's market cap. With negligible dilution, any of these OEMs could have outbid Tesla once this deal was made public. Would have been a no-brainer. But none of them did.
4/ Heck, @elonmusk even used the words "secret sauce" when asked about the MXWL deal on the Q1 call. That probably made Tesla's Corp Dev team super nervous. Was none of the OEMs listening? They could have put together a bid that weekend.
5/ This development made me realize how incredibly political and slow the decision making process at these OEMs are. I can understand one OEM not trying to outbid this away, but ALL of the ~10 mega OEMs? Just wow...
6/ There was just one other entity that "gets it": China. Its state-owned fund tried to invest in $MXWL in 2017/18, and got blocked by CFIUS. As usual, China gets it. The EV revolution will be lead by $TSLA and China.
    —-
Quote
< I suspect Maxwell do not know how Tesla is planning to use its technology. Otherwise other  battery companies would have bid higher
Alter Viggo (@AlterViggo) 5/16/19, 3:02 PM
Quite the opposite. Tesla has been interacting with Maxwell for some time. One of the key advantages for Maxwell's tech is that they'd no longer need the expensive and space-hungry drying ovens to make cells. Could expand production w/out building more sections at GF1.
https://twitter.com/alterviggo/status/1129099810265554944

Quote
Madhu Reddy (@mjreddyMD) 5/16/19, 2:46 PM
@DisruptResearch Did you read this Seeking Alpha article?  https://t.co/ecj53xPorL
Author explains (in a simple way) potential competitive advantages for Tesla when they apply Maxwell's dry electrode IP: cheaper and quicker to build lighter, more energy dense batteries!
https://twitter.com/mjreddymd/status/1129095896228982784
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Re: Tesla glory/failure
« Reply #2389 on: May 17, 2019, 04:59:08 AM »
We'll see.  :-X
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Re: Tesla glory/failure
« Reply #2390 on: May 17, 2019, 05:17:49 AM »
More CEOs ousted over ethical lapses than any other cause: Study

"[...] 39% of the 89 forced CEO departures in 2018 were due to ethical misconduct, which the study defines as the removal of a CEO following a scandal or improper conduct; examples include fraud, bribery, insider trading, environmental disasters, inflated resumes or sexual indiscretions.

Meanwhile, 35% of ousters in 2018 were a result of poor financial performance and just 13 percent were because of conflicts at the board level or with activist investors that weren’t about financial performance but led to the CEO’s ouster.

https://www.washingtonpost.com/business/2019/05/15/more-ceos-were-forced-out-ethical-lapses-than-poor-financial-performance/

iow 74% of CEOs were ousted for either poor financial performance or ethical misconduct.
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Re: Tesla glory/failure
« Reply #2391 on: May 17, 2019, 06:32:18 AM »
On social media platforms, attempts to raise the level of discussions and/or the credibility of "evidences" being relied upon is beset with barriers. Nevertheless:

CORNELL UNIVERSITY
Computer Science > Computers and Society
Ethical Implications: The ACM/IEEE-CS Software Engineering Code applied to Tesla's "Autopilot" System
Kevin Vincent (Submitted on 13 Dec 2018)
https://arxiv.org/abs/1901.06244
pdf https://arxiv.org/pdf/1901.06244.pdf 

extracts

Quote

6.5.4    Conclusion
Tesla's  immediate  communication  following  the incident  focused  primarily  on  reasons  why  the driver was at fault and did not acknowledge or express  concern  for  the  people  involved

The company focused more on the faults of the driver than  the  faults  of  their  Autopilot  system  and showed  a  lack  of  concern  for  the  personal  feelings  of  those  involved.    As  such  the  company violated  the  “show  a  feeling  of  worry  through company  communications”  clause  of  the  Domain  Specific  Rule  of: show a feeling of worry through company communications to the people involved when the health, safety, and welfare of self-driving car customers is violated unless this is counter-productive

Thus, the company acted unethically according to the Software Engineering Code of Ethics.



7    Conclusion
By our Analysis of Tenet 1.05, we found that Tesla was unethical in its lack of cooperation with government agencies

Analysis of 3.10 and 6.07 show that Tesla’s actions were unethical in that the company failed to perform adequate testing and then communicate the possible failure modes and software limitations in deceptive marketing materials

Analysis  of  Tenet  6.08  and  6.12  finally show that Tesla did not express significant concern  for  the  persons  involved  with  the  incident and that they shied away from taking full responsibility for the incorrect actions of Autopilot.

Ultimately,  the  analysis  of  these  5  tenets shows  that  Tesla’s  advertisement  of  the  product under the name Autopilot, its failure to adequately test and correct mistakes, and its actions during and after the death of Walter Huang was unethical by the standards set forth by the Software Engineering Code of Ethics.


Your ethics may vary to those of the Software Engineering Code of Ethics.
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Re: Tesla glory/failure
« Reply #2392 on: May 17, 2019, 07:23:12 AM »
An analysis of Tesla at the Honours Student level :

Spring 4-5-2019
A Strategic Audit of Tesla
John J. Stobbe Jr.
University of Nebraska - Lincoln

Abstract

This paper examines in depth ( ? ) one of the most innovative companies in recent years: Tesla. Redefining what it means to be an electric car, Tesla has produced impressive cars year after year. However, they’ve run into tremendous production issues and have still yet to make any significant profits. This strategic audit analyzes Tesla’s current place in the market and considers many perspectives to come to a proposed recommendation. This recommendation is to secure its market share and resolve production issues. This could be accomplished through sticking to only a few Tesla car models, then iterating year after year, and then building out a Tesla ecosystem through supplementary products like solar roofing.
 
https://digitalcommons.unl.edu/honorstheses/142/
PDF https://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1151&context=honorstheses
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Re: Tesla glory/failure
« Reply #2393 on: May 17, 2019, 07:26:55 AM »
Leadership Development: A Study of Elon Musk
Ryan H. Yauney, Brigham Young University

Abstract

As one of the most prolific businessmen of our time, Elon Musk is the epitome of a successful leader. Not only has Elon Musk succeeded in the entrepreneurial realm with his many profitable startups, but he has been able to guide these companies along their paths of massive growth and into the national spotlight. This article discovers which key attributes of Musk help him thrive, and how developing a company’s office culture can produce similar attributes in their own management.

https://scholarsarchive.byu.edu/marriottstudentreview/vol2/iss2/4/
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Re: Tesla glory/failure
« Reply #2394 on: May 17, 2019, 08:03:34 AM »
RESTART Sustainable Business Model Innovation pp 153-168 | Cite as
Three-Dimensionality Rather than One-Dimensionality

Authors Sveinung Jørgensen 1., Lars Jacob, Tynes Pedersen 2.
    1.Inland Norway University of Applied Sciences Lillehammer Norway
    2.NHH Norwegian School of Economics Bergen Norway

First Online: 01 August 2018
https://link.springer.com/chapter/10.1007/978-3-319-91971-3_11

Quote
Abstract

In this chapter, we discuss the importance of three-dimensionality in performance measurement and management in more sustainable business models. The bottom line is becoming three-dimensional. To achieve such results, the entire organization must be designed in a way that renders the company able to become sustainable and profitable. This requires setting the right objectives socially, environmentally and financially; it requires measuring and monitoring the right things and communicating them to those who need the information. [...]

A group of engineers founded Tesla in Silicon Valley in 2003 to prove that electric vehicles could outperform cars with combustion engines. The company has since revolutionized the automotive industry with its electric vehicles and has already innovated its business model so comprehensively that it has become something more than an ordinary car manufacturer.

Tesla produces and sells more and more cars, and it develops new models—most recently, it has made public its intention to produce a Tesla truck. The company’s objective is to make cars gradually cheaper, so that Tesla in turn can realize its vision: to accelerate the world’s transition to sustainable transportation. [...]

Walk It Like You Talk It

A final feature of organizational design of importance in trying to become more sustainable is the incentives used to promote this behavior in the company. To succeed with this, the company can develop an incentive system that promotes sustainable behavior and disincentivizes socially and environmentally detrimental behaviors (Kiron et al. 2012; Eccles et al. 2014; Gulbrandsen et al. 2015). This is not limited only to financial incentives, such as salary, bonuses and so on. It may also involve organizational incentives, such as which behaviors the organizational culture stimulate; social incentives, such as social norms or various forms of pressure to conform; and moral incentives, such as shared beliefs about what is the right thing to do within the organization (Jørgensen and Pedersen 2011).
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Re: Tesla glory/failure
« Reply #2395 on: May 17, 2019, 08:11:32 AM »
Protecting Reputation in Crisis: Case Study of Strategic Reputational Risk Management at Tesla Inc.
Term paper Copenhagen Business School Course: Strategic Risk Management of Multinational Enterprise Professor: Torben Juul Andersen Author: Adam Bučko
Submission date: January22,2018

Introduction

Reputation is one of the most important assets for every business company, but it is also very fragile and it can be hard to earn back,once it was lost. Reputational risk can be defined as a risk of failure to fulfil the expectations of company’s stakeholders in terms of performance and behaviour(Fitzsimmons & Atkins, 2017). Reputational risk can arise as a by-product of other risks but the reputational damage can go far beyond the material loss. In many cases, reputation of a company does not reflect the real state of affairs and even a small event can easily spiral into a major reputational crisis.

4.Discussion and conclusion

The analysis  of cases  of  reputational  crisis  in  the  previous  chapter showed  an  extraordinary resilience of Tesla to reputational risks. Despite a serious drop in stock price following the 2013 fire  incidents,  the  effective  response  and  mitigation  of  reputational  risk  managed to  stop  the downfall and revive the confidence of shareholders.

None of the crises was able to shake the confidence  of  car  owners  and  potential  customers or  negatively  impact  the sale  figures. Drawing  on  the  analysis  of Tesla’s organizational structure, risk management  capabilities, culture,  leadership, and cases  of successful  management  of reputational risk, we  can  identify the main factors behind the company’s extraordinary performance in crisis situations. (Con't ...)

PDF
https://s3.amazonaws.com/academia.edu.documents/56187927/Tesla_case_study.pdf?AWSAccessKeyId=AKIAIWOWYYGZ2Y53UL3A&Expires=1558068680&Signature=oTDQwqoKq2N8a3F%2BWaVu8lc0dxg%3D&response-content-disposition=inline%3B%20filename%3DTesla_case_study.pdf.pdf
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Re: Tesla glory/failure
« Reply #2396 on: May 17, 2019, 10:10:51 AM »
Quote
Tesla's Extravaganza Of Fraud-Risk Indicators
Sep. 6, 2016
This article is exclusive for subscribers.

Summary
Tesla's auditors are required to evaluate fraud-risk warnings as part of their planning.
The company exhibits an extraordinary variety of audit risks.
The "brainstorming session" could be an all-nighter.

Overview
Audit firms are required by their professional standards to consider the possibility that the financial statements contain fraudulent misstatements and/or omissions. The auditing standards contain a number of indicators, or "flags," that should alert auditors to the risk of fraud. PwC is likely beginning its client retention and planning for year-end audits right about now.

PwC client Tesla (NASDAQ:TSLA) is throwing off an extraordinary plume of fraud-risk indicators that is visible from ...........
https://seekingalpha.com/article/4004206-teslas-extravaganza-fraud-risk-indicators

Quote
Fraud Risk Brainstorming at Tesla Motors
Megan F. Hess
Washington & Lee University
Lindsay M. Andiola
Virginia Commonwealth University
Published: November 2017

ABSTRACT

This instructional case offers students the opportunity to explore the fraud risk assessment process and participate in a simulated fraud brainstorming session as required by AS 2401 (formerly SAS 99) for financial statement audits.

Drawing on publicly available information about Tesla, Inc. (formerly Tesla Motors), the revolutionary company behind the popular Model S all-electric vehicle, the case materials guide students through multiple learning objectives. These objectives include learning how to:
(1) recognize the factors that contribute to financial statement fraud risk;
(2) identify and evaluate the likelihood and severity of fraud risks;
(3) analyze the ways that fraud risks can lead to material misstatements in the financial statements;
(4) understand the purpose of and how to conduct a fraud brainstorming session; and
(5) develop audit procedures that respond to assessed fraud risks.

In a post-case learning assessment, students reported significant improvement in their knowledge, comprehension, and application of these learning objectives. Students also indicated that they enjoyed learning about these concepts in the context of this popular company. This case has both an individual and a group component, and it is designed for use in an auditing or forensic accounting course at either the undergraduate or the graduate level.

(also paywalled sorry ... tried to find full/extract text url but no luck so far)
https://www.aaajournals.org/doi/abs/10.2308/iace-51973 

Why would they choose Tesla for such an exercise? Ample examples of potentially suspect behaviour or purely on the volume of public stories and data available? (doesn't matter) Maybe the take away message is that these kinds of articles/papers clearly show a more formidable rational basis in which to evaluate the likes of Tesla and it;s behaviour in the marketplace of products and ideas.

Background paper in full
Quote
A Primer for Brainstorming Fraud Risks
Article (PDF Available) · January 2003 

AUDITING There are good and bad ways to conduct brainstorming sessions. Audit, to conduct a "brainstorming" session in every audit. Its purpose is twofold: to consider fraud risks that may be present and to emphasize the importance of professional skepticism throughout the entire audit process. Key members of the audit team—from the lead partner or manager in charge of the engagement all the way down to new staff— meet during the planning stages and during the course of the audit to exchange ideas about how and where they believe the entity's financial statements may be susceptible to material misstatements due to fraud and to discuss how management could perpetrate and conceal fraudulent financial reporting or misappropriate assets. This article will discuss how audit team leaders can avoid the pitfalls inherent in brainstorming sessions and employ the best practices for maximizing the benefits. When carefully planned and managed, brainstorming can lead to many high-quality ideas about possible fraud risks audit team members wouldn't likely generate individually. A brainstorming session that ignores best practices, however, might quickly give way to inefficiencies and distractions that ultimately could muddy the audit team's ability to focus on relevant fraud risks. That kind of deterioration can hinder key audit decisions, leading the team down dangerous paths—for example, to incorrect conclusions concerning which fraud risks are present, confusion on how to respond to a disjointed list of identified risk issues or lack of "buy-in" to the brainstorming process.
https://www.researchgate.net/publication/268054318_A_Primer_for_Brainstorming_Fraud_Risks

PDF https://www.researchgate.net/publication/268054318_A_Primer_for_Brainstorming_Fraud_Risks/download

to conclude, this was interesting and insightful

Quote
The Role of Organizational Identity Claims in the Age of Ideological Complexity: The Case of Tesla
Dorothee Winkler
University of Zurich - Department of Business Administration
Florian Überbacher
University of Zurich
Andreas Georg Scherer
University of Zurich - IBW Department of Business Administration
Date Written: January 22, 2018

Abstract

We conduct a longitudinal case study of how Tesla responded to the changing political environment in the United States (US) in order to study the influence of ideological complexity on organizational identity claims. Ideological complexity arises from differing, and at least partially contradictory ideologies which are conceptualized as belief systems relating to social and political topics that are manifest in particular institutional vocabularies.

We found that the type of organizational identity claim that Tesla mobilized in response to ideological complexity was dependent on the prevailing type of ideological complexity. Hence, we differentiate between two distinctive organizational responses: selective identity coupling and comprehensive identity coupling.

We contribute to the literature on organizational responses to institutional complexity by emphasizing ideological complexity as a specific type of institutional complexity and showing that organizational responses differ depending on the specific type of ideological complexity.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3106733


aka "When in Rome do it like the Romans do it - no matter how silly or irrational it may appear?"

And for me nothing has changed - I still do not care whether Tesla succeeds or fails - because it is of no great importance, to anything important, one way or the other. It's just another Company.
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Re: Tesla glory/failure
« Reply #2397 on: May 17, 2019, 10:27:25 AM »
Do you post so prolifically and endless on all "just another company that you don't care about" out there? Or is this a spamming strategy designed to make the readers of this specific thread give up?

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Re: Tesla glory/failure
« Reply #2398 on: May 17, 2019, 10:31:06 AM »
Do you post so prolifically and endless on all "just another company that you don't care about" out there? Or is this a spamming strategy designed to make the readers of this specific thread give up?

What do you think the answer is Oren?

Maybe you have something wise, insightful, or potentially 'factual' to add.

If not, then scroll away sunshine. :D
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Re: Tesla glory/failure
« Reply #2399 on: May 17, 2019, 10:57:11 AM »
Your actions show your true colors. I believe you are obsessed with Tesla, perhaps because it doesn't fit your view of the world and how humanity should handle the coming (already here) crisis, and that you are intentionally spamming here about all the possible negative aspects of Tesla, while professing lack of any interest in the subject. Maybe waiting for the moderator to give up in disgust due to the disproportional length of the thread compared to its importance, and shut it down.

Tesla has good sides and bad sides. There was a period of rather well-balanced discussion and most importantly short and to the point discussion here. Links were picked with care and their biases highlighted. Sig used to bring actual Tesla news along with some cheerleading, with a known pink-colored tinge, but certainly not in the amount currently going on this thread.
Either Tesla will hang itself by bad execution and Elon's craziness, or be drowned by market dynamics (competitors, demand, trade wars, carbon taxes or lack thereof and many other factors), or it might succeed. Its success will not mean the world is saved, not by a long shot, but it will probably mean EVs will be more advanced in general, compared to if Tesla fails. Is this important? To some more so, to some less so.

Does this merit daily updates on the share price? Research papers dug up from one and even two years ago? Clearly biased articles by people who most probably make money by being permanent Tesla negatives? Two per week, maybe. Ten per day, I think not.