Decided to see if there was anything useful this morning. Nothing to learn here. Soon politics will take over the board.
I took a long position. More than 2 times the range of the conventional car makers in the EV slot. Looks like they have a facility to build, have orders coming in and tooling for most subassemblies will be the subcontractors within the Freemont site.
I get his point. At first it was a car phone and then cell phones migrated into the mainstream. The car phone service cost a fortune. It took a while. I remember when cell phones were as big as your head.
Now an expensive cell phone is $500 and an expensive car is $100K or more. Tough to compare as you point out but the poster you were responding to was talking about the migration of technology.
It is like a slide rule to an Excel spreadsheet. It's progress. Tesla is a move to a change in our perception of cars. Tell me who is working on those cars from the movie "The Fifth Element" and I'll invest there.
Sir, are you comparing cell phones to TESLA Auto's. MY MY MY!
Yes look at cell phones, they give cell phones away if you sign a contract to use them for two years. Are they going to give away the Model S, if I sign a contract to promise to drive one for two years. I think not.
I cannot see my giving up my CL550 for a Telsa. But that is me. That could also be the way others think as well. But then again, you don't live in our neighborhood do you.
Bump. Like I said it would revert to politics. I forgot the SPAM.
The best I got from the report by MS they may need some bridge financing prior to the launch of the S model but that is not for sure. They may get through without it. $70 does seem real this year and they have a high end of $135. All is based on a discounted CF model.You also have to believe this car maker will start to turn heads. I think the 2 to 3 car families will jump in. Most houswives around where I live (South Florida) are pushing it if they do 10 miles a day.
This analyst said "We at MS believe this". It is not one guy going off the reservation.
Again the confusion between a shorter and a day trader. The day trader may certainly get squeezed out on a bump today. The shorter says this pig ain't worth $27 and it sure ain't worth $36. And a real shorter has a cash backing and lots of time. If you've been a shorter then you know things take time and there can be lots paper losses before the final result.
""They felt it was going to be short squeeze of short squeezes. But that did not materialize. ""
Shorts are not out of the woods yet. The 'short Tesla' trade is overcrowded. imo. If Tesla hold 25 here, the next leg up could take out a bunch of them.
I know for sure it is nothing for the longs to hang their hat on, especially those who thought we should be trading at 40 or higher right now today they way they were calling the shots the day of Mr. Jonas report. They felt it was going to be short squeeze of short squeezes. But that did not materialize.
Yes they do have a facility, but no one to operate it. If you check to see who they are trying to hire, looks like they don't have a line yet, and don't have, at this time, enough orders for the cars they anticipate selling. If they don't want a graveyard of inventory rusting on the lots, they need more than Refundable Deposits for a 1,000 cars.
Oh, come on. 1000 cars. wake up! Back last year the orders were moving up way past that number. As far as labor goes, I don't think they will have trouble finding any and the subcontractors for sub assemblies hires their own.
At least post a good argument.
How long have you owned the shares? I took notice when Cramer first stated it was the AAPL of car makers.
I remember 1984. AAPL was just used by a few graphic designers and the Windows platform was charging ahead. Gateway was the hot PC then and DELL a close second. It gives some perspective to the report looking back.