Tesla

Started by SJ_GTI, February 23, 2017, 07:11:02 AM

r0tor

It was pretty much expected which is why the stock price has already sank YTD but didn't move on the news... Sales were pushed into Q4 for incentives and Q1 isn't exactly the time of year to sell RWD sedans
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12,000 RPM

RWD seasonality is no different from the rest of the industry
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r0tor

Quote from: 12,000 RPM on April 25, 2019, 07:48:51 AM
RWD seasonality is no different from the rest of the industry

.. which is fairly well known so?
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GoCougs

Quote from: r0tor on April 25, 2019, 06:54:32 AM
It was pretty much expected which is why the stock price has already sank YTD but didn't move on the news... Sales were pushed into Q4 for incentives and Q1 isn't exactly the time of year to sell RWD sedans

Huh? All Tesla vehicles are available in AWD, and Tesla offers an SUV (Model X).

r0tor

Quote from: GoCougs on April 25, 2019, 10:20:11 AM
Huh? All Tesla vehicles are available in AWD, and Tesla offers an SUV (Model X).

AWD requires dual motor option which increases the price dramatically
2011 Jeep Grand Cherokee No Speed -- 2004 Mazda RX8 6 speed -- 2018 Alfa Romeo Giulia All Speed

12,000 RPM

Quote from: r0tor on April 25, 2019, 10:18:22 AM
.. which is fairly well known so?
So the suggestion that "Q1 isn't exactly the time of year to sell RWD sedans" is BS. All its good selling competitors do fine year round
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giant_mtb

I didn't realize the AWD versions was FOURTEEN THOUSAND DOLLARS extra.

r0tor

Quote from: 12,000 RPM on April 26, 2019, 04:54:21 AM
So the suggestion that "Q1 isn't exactly the time of year to sell RWD sedans" is BS. All its good selling competitors do fine year round

Sure, Ford selling 30-50% less mustangs in January then June pretty much every year for the last half century is just random numbers...
2011 Jeep Grand Cherokee No Speed -- 2004 Mazda RX8 6 speed -- 2018 Alfa Romeo Giulia All Speed

12,000 RPM

Quote from: r0tor on April 26, 2019, 05:38:15 AM
Sure, Ford selling 30-50% less mustangs in January then June pretty much every year for the last half century is just random numbers...
Yes, Mustang sales in the context of a discussion about Model 3 sales are indeed random and irrelevant. They are not competitors.

The incentives were a factor; drive wheels weren't. Especially when you consider that most Model 3 sales are on the west coast, where RWD killing weather is a non factor. We're done here
Protecctor of the Atmospheric Engine #TheyLiedToUs

Char

Not looking good for Tesla. I hope GM buys them though.
Quote from: 565 on December 26, 2012, 09:13:44 AM
... Nissan needs to use these shocks on the GT-R.  It would be like the Incredible Hulk wielding Thor's hammer.... unstoppable.

GoCougs

Quote from: r0tor on April 26, 2019, 05:38:15 AM
Sure, Ford selling 30-50% less mustangs in January then June pretty much every year for the last half century is just random numbers...

what is going on here

CaminoRacer

Don't worry guys, they're gonna make a leaf blower.

Also Elon dissed Dwight.
1969 El Camino, 2017 Bolt EV, 2021 Tesla Model 3 Performance

Eye of the Tiger

Quote from: CaminoRacer on April 26, 2019, 09:19:39 AM
Don't worry guys, they're gonna make a leaf blower.

Also Elon dissed Dwight.

I thought Dyson was making the leaf blower.
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giant_mtb

Quote from: CaminoRacer on April 26, 2019, 09:19:39 AM
Don't worry guys, they're gonna make a leaf blower.

Also Elon dissed Dwight.

Like...Dwight Schrute?  Where's this Musk guy.  Let me at 'em.

GoCougs

Quote from: r0tor on April 25, 2019, 06:54:32 AM
It was pretty much expected which is why the stock price has already sank YTD but didn't move on the news... Sales were pushed into Q4 for incentives and Q1 isn't exactly the time of year to sell RWD sedans

Well, that's not how it's worked out - down ~30 points or ~12% since earning announced...

GoCougs

Quote from: Char on April 26, 2019, 08:07:10 AM
Not looking good for Tesla. I hope GM buys them though.

Probably not likely - Tesla actually has a bit higher market capitalization than GM (even despite this week's tanking).

But GM builds a better car, and a better EV, and already is one of the leaders in autonomous driving with its partnership/stake in Cruise Automation. About the only benefit is the Supercharging network.

Plus, no one would have bought a $80k+ Model S, X or $50k Model 3 from GM. GM-owned Telsa would fair a bit better, if it remained a division a la Chevy, GMC, Buick, etc., but a lot of the Shiny Thingness would dull.

Laconian

I sat in my teammate's new Model 3. Interior quality is much better than the early Model S I tried before. Much better.
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93JC

I was reading your post a little too quickly and thought you wrote "I spat in my teammate's new Model 3."

I thought, "Jeez, that's a little extreme even if you're a #short..."

Laconian

Bah, a decent #short would plant a remote explosive under a floormat and film the resulting inferno on a "security camera".
Kia EV6 GT-Line / MX-5 RF 6MT

Char

Quote from: Laconian on April 26, 2019, 03:45:02 PM
I sat in my teammate's new Model 3. Interior quality is much better than the early Model S I tried before. Much better.

I mean, there isn't much to the interior, so that can't be hard.
Quote from: 565 on December 26, 2012, 09:13:44 AM
... Nissan needs to use these shocks on the GT-R.  It would be like the Incredible Hulk wielding Thor's hammer.... unstoppable.

12,000 RPM

I think Tesla's IP is its real valuable asset

Their power management algorithms are head and shoulders above the industry. If the EV market really heats up miles per kWh will be a thing, and anyone holding Tesla's algorithms will be well positioned.
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Laconian

Their motors and overall drivetrain efficiency are the best.
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SJ_GTI

https://www.cnn.com/2019/05/02/investing/tesla-raising-cash/index.html

QuoteIts cash reserves dwindling, Tesla announced plans Thursday to raise $2 billion through the sale of additional shares of stock and debt.

CEO Elon Musk had insisted through much of the last year that the company was doing fine and would not need to raise additional cash. But a depressed stock price forced it to pay off a $920 million bond in March with cash rather than stock.

That payment was a big factor in the company's cash reserves falling by $1.5 billion during the quarter, leaving it with just over $2 billion in cash on its balance sheet. It also reported a $702 million loss in the quarter.

:hmm:

MrH

HAIL MARY! :lol:

Whether this actually goes through or not is the make or break to keep this thing alive.  If it doesn't, it's game over.  If it does, it just buys them some more time.

I don't see how the financials get any better with time though.
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SJ_GTI

Meanwhile, their stock price went UP on the news. Seems crazy to me.

MrH

Quote from: SJ_GTI on May 02, 2019, 08:40:07 AM
Meanwhile, their stock price went UP on the news. Seems crazy to me.

There are still a ton of questions of how this is working, at what price, and when exactly.  There's a call at 11 apparently?

The best response on twitter:

"An 18-year old $40B "startup" that has never shown an ability to be sustainably profitable announces yet another raise, and the market thinks this is bullish" :lol:

By "up", the stock price basically went to where it was a couple of days ago.  A 2% swing in Tesla world is just noise.

I don't know why any bank would back this though. 6 months ago, Elon said they would be cash flow positive from here on out, equity raise wasn't necessary, and stock was $350+.  Now, they're back to hemorrhaging money, with no plan to stop the bleeding, need cash to keep the lights on, and are looking to raise with a stock price at $240.

2023 Ford Lightning Lariat ER
2019 Acura RDX SH-AWD
2023 BRZ Limited

Previous: '02 Mazda Protege5, '08 Mazda Miata, '05 Toyota Tacoma, '09 Honda Element, '13 Subaru BRZ, '14 Hyundai Genesis R-Spec 5.0, '15 Toyota 4Runner SR5, '18 Honda Accord EX-L 2.0t, '01 Honda S2000, '20 Subaru Outback XT, '23 Chevy Bolt EUV

12,000 RPM

My boss was saying the time for this was back when their stock was much higher. As is if things stay on the current path they have about a year before they start paying overdraft fees :(
Protecctor of the Atmospheric Engine #TheyLiedToUs

Morris Minor

Quote from: SJ_GTI on May 02, 2019, 08:40:07 AM
Meanwhile, their stock price went UP on the news. Seems crazy to me.
This would be where VW or GM, or Ford or Groupe PSA or someone comes in.
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thewizard16

Quote from: MrH on May 02, 2019, 08:47:55 AM
There are still a ton of questions of how this is working, at what price, and when exactly.  There's a call at 11 apparently?

The best response on twitter:

"An 18-year old $40B "startup" that has never shown an ability to be sustainably profitable announces yet another raise, and the market thinks this is bullish" :lol:

By "up", the stock price basically went to where it was a couple of days ago.  A 2% swing in Tesla world is just noise.

I don't know why any bank would back this though. 6 months ago, Elon said they would be cash flow positive from here on out, equity raise wasn't necessary, and stock was $350+.  Now, they're back to hemorrhaging money, with no plan to stop the bleeding, need cash to keep the lights on, and are looking to raise with a stock price at $240.


He also just said he thinks their cars can be appreciating assets :confused: and that the real value is in autonomous tech, something they've had to slow their roll on recently while they focused on making the Model 3 actually work.

Don't get me wrong, I kindof like the crazy bastard and I don't really want to see Tesla fail as an independent company, but their... exceptionally erratic... decision making lately doesn't inspire confidence that they have an actually legitimate long-term plan.
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Quote from: Raza  link=topic=27909.msg1787179#msg1787179 date=1349117110You're my age.  We're getting old.  Plus, now that you're married, your life expectancy has gone way down, since you're more likely to be poisoned by your wife.

MrH

Yeah, none of it makes any sense.  Why is he even selling the cars if they're appreciating assets?  And if his autopilot is that good that it makes cars into appreciating assets, why even bother with making cars?  They're clearly not very good at making cars profitably. Go buy 20,000 Civics and outfit with Autopilot and release them into the world to turn Tesla into a money making monster.

2023 Ford Lightning Lariat ER
2019 Acura RDX SH-AWD
2023 BRZ Limited

Previous: '02 Mazda Protege5, '08 Mazda Miata, '05 Toyota Tacoma, '09 Honda Element, '13 Subaru BRZ, '14 Hyundai Genesis R-Spec 5.0, '15 Toyota 4Runner SR5, '18 Honda Accord EX-L 2.0t, '01 Honda S2000, '20 Subaru Outback XT, '23 Chevy Bolt EUV