Oren, it is pretty clear that certain aspects of Tesla have shifted from setting an impossible expectation, then just missing it, to setting a very low goal and the hitting it out of the park.
It was clear that Tesla was always going for 10k cars per week from Fremont by year end. So to set a target of 500k, with Shanghai ramping up to 300k was a very low expectation. They always expected to deliver more than 300k M3 alone from Shanghai. With a 500k rate In Fremont and a 300k rate in Shanghai, 800k is a Musk target of old.
The analysts are ably assisting in both earnings beats and production beats by refusing to accept this reality and continuing to talk as if Tesla has only one vehicle assembly plant and no funds behind them.
This attitude is going to be shattered ove the next 18 to 24 months and with it will go the resistance to future stock rises.
As for Musk and very clever people being fooeld, there are some very inconvenient truths.
First is that when Tesla dragged the county to court, it was proven that they didn't have any real case for stopping Tesla from opening. They asked for some piffling cosmetic changes then backed off.
In the UK, less than 500 people under the age of 40 have died of the pandemic and every single one had an underlying health condition, diagnosed or not.
15. 9% of people tested in London for Covid antibodies tested positive. This extrapolated out to 1.4 million people. Yet the deaths are just over 6,000. A death to infection rate of 0.48%.
11.2 million people have been infected and 6.3 million people have recovered yet there is not one sing, medically documented, case of a recovered person having been reinfected more than one month after the infection has passed, when the body has had sufficient time to develop enough antibodies.
You don't have to be very clever to listen to the politicians who want to do everything in order for this not to be their fault. You do, however, have to have some intellect to work out whether what is being done is in their best interests or ours.
Just as a disclaimer here, my brother has had Covid, he is 60, is on multiple drugs and immunosupressants, was under a shielding order at home and caught the virus anyway after all precautions including sanitising all mail and other deliveries.
My Brother is now recovered.
My wife, in February, was seriously ill for a month and took another month to recover. She had every covid symptom, including loss of smell and taste. But being in France she didn't go to doctors or hospital and was not tested. My wife is over 70.
There is more than one way to approach this pandemic, but, in the main, only one approach is being taken. Everyone else is a heretic.
Well there is one event coming in the near future. That is the vaccine. In order to receive the vaccine they should test for the absence of antibodies.
Before throwing out accusations about the mental state of people who challenge the actions being taken, it might be useful to wait until then. Because I can pretty much guarantee that the vaccine will be given without testing. It won't harm if it is, but it will mask the true figures of how many people were really infected. Which changes the infection to death rate.
Sorry for the long post, but some things nead to be said. Statements without evidence are just that, statements. I thought everyone here understood that?
