Tesla

[GoCougs]

I think the jury's still out wrt how great he is.

Early on he had some ginormous wins but for some time he's chased dead-end business enterprises and he never sounds all that smart when he talks about them, even outside these ridiculous gaffes.

[giant_mtb]

If you put too many irons in the fire, the fire's just gonna go out.

[CaminoRacer]

https://www.cnbc.com/video/2018/05/03/tesla-earnings-call-was-the-best-ive-heard-in-a-long-time-says-jim-cramer.html

[GoCougs]

Ha, ha Jim Cramer is a colossal moron.

[Lebowski]

If you put too many irons in the fire, the fire's just gonna go out.

The stuff about not catering to day traders and if you can't deal with volatility don't own the stock I am fine with.  It's the condescension and evasiveness wrt legitimate questions, not to mention the immature dorkiness of actually saying "uncool" that is inappropriate for the ceo of a public company to say in an earnings call.

I heard one of the analysts he shut down was like II no 1 voted as well, I have no idea if he's generally schmucky but apparently some don't think so.

[giant_mtb]

The stuff about not catering to day traders and if you can't deal with volatility don't own the stock I am fine with.  It's the condescension and evasiveness wrt legitimate questions, not to mention the immature dorkiness of actually saying "uncool" that is inappropriate for the ceo of a public company to say in an earnings call.

I heard one of the analysts he shut down was like II no 1 voted as well, I have no idea if he's generally schmucky but apparently some don't think so.

100%

[TBR]

I don't think it's shorttermist at all to worry about how long they can actually run at this mythical 5000 3s per week number before they run out of demand.

[giant_mtb]

That's true. Once all the deposit orders are filled, are they expecting to keep selling at that rate?  I don't see it happening.  Everybody who wanted a Tesla put a deposit down. Everybody else is still eating their lunch.

[MrH]

I don't think it's shorttermist at all to worry about how long they can actually run at this mythical 5000 3s per week number before they run out of demand.

Who cares about the demand dropping off? They've got more demand than they know what to do with and can't make a profit fulfilling it. They aren't hitting anywhere close to 5,000 a week and even if they do, they still won't be cash flow positive. And these are only the highly optioned ones!

When they start getting to the back end of the reservations with the dirt cheap ones, it's going to get even uglier.

[AutobahnSHO]

It is a genius move- get a sense for how many cars they need to build by creating hype and taking deposits.

Other manufacturers WISH they could nail that figure down.

[12,000 RPM]

Problem with that approach is their implementation can change that demand. There have been a lot of cancelled orders.

[12,000 RPM]

Can't post article but apparently Musk put out an edict that the only contractors who can work are the ones Tesla employees are willing to risk their jobs to vouch for. Factory morale must be at all time highs, dude is a great leader.

[MX793]

Musk also announced Model Y production will commence within 24 months, despite not having a factory lined up and despite it typically taking close to 36 months from breaking ground to producing vehicles at a new factory.

[Soup DeVille]

Can't post article but apparently Musk put out an edict that the only contractors who can work are the ones Tesla employees are willing to risk their jobs to vouch for. Factory morale must be at all time highs, dude is a great leader.

Wut?

OK, so say I'm a Tesla employee, I came from an automation background and know several contractors personally. One calls me and asks me to vouch for them to secure the contract. I don't know the details of the contract, and it very well could be a good company making a bad deal.

I'm not vouching for anybody; unless they pay me. At which point, pay me enough and I'll vouch for anybody.

[12,000 RPM]

Listen man I'm just relaying what I read... Musk himself can't make sense of it

Tave what's your take

[AutobahnSHO]

Listen man I'm just relaying what I read... Musk himself can't make sense of it

[Morris Minor]

Musk also announced Model Y production will commence within 24 months, despite not having a factory lined up and despite it typically taking close to 36 months from breaking ground to producing vehicles at a new factory.

Found this, gives a bit of context: https://electrek.co/2018/05/06/tesla-brutal-review-contractors-firing-vouching-employee

[AutobahnSHO]

Uhoh

https://www.yahoo.com/gma/ntsb-investigating-tesla-crash-fire-killed-2-florida-115804083--abc-news-topstories.html

Teens going way too fast, hit a wall. Two teens trapped and died as the car caught on fire, backseat passenger was ejected and at hospital.

[MX793]

Seems like Teslas have a tendency to go up in flames during bad accidents.  This is what, the second or third in a couple of months?  Not that fuel burners don't ever go up in flames, but I would expect the rate for electrics to be much lower given they aren't carrying gallons of volatile liquids.

[12,000 RPM]

Not unfair to think Tesla has completely thrown out all conventional wisdom with crash safety. It can be improved™

Tesla supposedly put up its Freemont factory as collateral for more loans....

https://uk.reuters.com/article/tesla-factory/tesla-offers-fremont-factory-to-boost-liquidity-ifr-news-idUKL1N1SF2LU

[AutobahnSHO]

Not unfair to think Tesla has completely thrown out all conventional wisdom with crash safety. ™

Indeed.  They know better than anyone else how to make cars anyhow.   

[AutobahnSHO]

Saw a red Tesla X this morning. Kinda different, especially in the neighborhood they were headed towards.
Had a trailer hitch with one of those cargo carriers.

[giant_mtb]

Seems like Teslas have a tendency to go up in flames during bad accidents.  This is what, the second or third in a couple of months?  Not that fuel burners don't ever go up in flames, but I would expect the rate for electrics to be much lower given they aren't carrying gallons of volatile liquids.

Those batteries, though.

[Raza]

Seems like Teslas have a tendency to go up in flames during bad accidents.  This is what, the second or third in a couple of months?  Not that fuel burners don't ever go up in flames, but I would expect the rate for electrics to be much lower given they aren't carrying gallons of volatile liquids.

I'm no battery expert, but aren't batteries filled with flammable liquids?

[Soup DeVille]

I'm no battery expert, but aren't batteries filled with flammable liquids?

Not flammable, but they are a source of potential energy that's only held in check by a series of membranes, and electrical shorts can happen when everything gets squished together.

[MX793]

I'm no battery expert, but aren't batteries filled with flammable liquids?

No.  The electrolytes used in batteries are not flammable.

[Morris Minor]

Lithium ion batteries can get into runaway fires, which are very difficult to contain.

[12,000 RPM]

If you've ever clicked two live jumper cable leads together you can see how quickly things can go to shit with batteries. And unlike HC fuels as long as there is contact that shit's gonna keep burning. Combine that with needing to 3D scan your face to get out of a Tesla and that could get bigly bad fast.

[Morris Minor]

Seems like Teslas have a tendency to go up in flames during bad accidents.  This is what, the second or third in a couple of months?  Not that fuel burners don't ever go up in flames, but I would expect the rate for electrics to be much lower given they aren't carrying gallons of volatile liquids.

Report: Tesla battery reignited days after fiery crash in Mountain View
https://www.mercurynews.com/2018/05/10/tesla-battery-reignited-days-after-fiery-crash-in-mountain-view/

[MX793]

Report of another Tesla slamming into the back of a stopped firetruck at full speed this week, this time in Salt Lake.  Unkown if autopilot was actually engaged.  Regardless, don't these have emergency autonomous braking?  Or don't those systems work above certain speeds?

https://www.usnews.com/news/best-states/utah/articles/2018-05-12/utah-police-tesla-slams-into-truck-stopped-at-red-light