Just saw a Tesla juicing up in the parking lot of Chocolate World in Hershey, PA today (they have a few electric charging spots). I told my fiance that I want one :P ... I've seen them there a few other times as well. This Tesla car in particular had a New Jersey license plate.
There was a post last week about is guy. He said he left NJ and went west to Pittsburgh. Stopped at Hershey and made it to his destination with 3 miles remaining on the charge. If it was 5-10 degrees colder out, wouldn't have made it.
(( Most new trends start in California. ))
Like the hydrogen highway ?
Reality: most of the USA doesn't follow California's enviro trends. California has unique pollution problems that almost no one else has. That creates a poltical will to fight pollution.
BTW Caliornia imports electricity from coal fired plants jin other states. Approx. 40% of the juice in Los Angeles comes from coal plants.
I agree but this is different. This isnt some retail item or tech gadget. It is a very expensive car that needs an expensive supercharger network to even be considered a real transportation option.
I agree on your three points that higher wages and gas prices and tax incentives makes buying a Tesla in California especially attractive. Where I disagree is the "only work in California" portion. I don't think that demand is the issue, but getting the suppliers, especially the batteries, to keep up with production will be a challenge.
Elon Musk was recently quoted as saying, "We're production constrained, not demand constrained".
Anyways, I appreciate your opinion.
(( "We're production constrained, not demand constrained". ))
Tesla once had a 9 month backlog of orders. How can Tesla now offer cars for immediate delivery in the US if production can't keep up with demand.
REALITY: They have saturated the US market and are offering incentives to move the car.
Excellent rebuttal. Shorts always try to exaggerate every plausible or perceive weakness in TSLA's growth potential. The sales potential in Europe have already started, Norway so far have 133 cars on the road and more to be delivered. In Germany, 6 showrooms have opened. Daimler-Benz who owns 4% of TSLA is probably very happy about their expansion in Europe because their investment is doing well. The much anticipated correction on PPS more likely NOT going to happen because there are more good news than the rumors of bad news that shorts could ever conceive. GL.
Sentiment: Strong Buy