(((( Now Elon Musk is throwing his hat in the ring, telling Bloomberg News that he also intends to establish a Mars base someday. And he’s going to pay for it by launching satellites. The goal is to set up a Seattle office in the near future, strictly for developing and launching satellites. And in true SpaceX fashion, Musk says they’ll run cheap. )))
(( profits from launching satellites to ultimately fund a future mission to Mars, as well as an eventual colony. )))
Tesla is losing hundreds of millions every quarter.
((( Bolt is not going to be much of a seller in 2016 nor the new longer-range Leaf. )))
California incentives are first come first serve.
GM launches the bolt this year.
Tesla says they will launch the Model 3 on July 1, 2017.
GM buyers might lock up all of the CA incentives in 2017 long before Tesla launches their Model 3.
The canary in the coal mine for Tesla will be
a.) They start building the Model S 60 for inventory.
b.) They start building high end Model Xs for inventory.
c.) hey start building the low end Model X 60 for inventory.
The low end models are huge money losers. If Tesla is using capacity to build these low end cars for inventory then the bloodbath continues. They will post $200+ million quarterly losses over and over.
((( Most crashed EV in the industry. Great for repeat customers. )))
Elon's secret plan - a self buying car. Takes the fickle nature of consumer demand right out of the equation.
The Model X is not selling in China. If there was demand then they would be building and shipping cars there.
Tesla loses an additional $9000 in revenues for every MX 60 is delivers.
Tesla is on a discounting binge. If buyers go for the Model X 60 - the losses are going to shock you.
Yup. Tesla owns it. And for $51,900 you get a Tesla warranty for the next 50,000 miles.
((( Neither Pang nor his passenger were injured in the accident, but it was serious enough that the car lost its front passenger side wheel. )))
Nothing material here. Tesla cars are just fine. Besides the wheel fell off my 1949 Kaiser Jeep when it was hit but a small freight train in 1963 so who cares.
PS: Tesla sales have been declining for 6 months. The crashes are interesting but the sales numbers are the real deal,
((( Tesla's unique advantages in machine learning and lack of exposure to legacy systems (internal combustion tech, unconnected cars) provide it with an opportunity to tap into larger and faster growing markets ahead of its competitors." )))
I agree 100%. Tesla ha no exposure to profitable systems (internal combustion tech, unconnected cars).
Tesla is at the mercy of financial institutions that fund it. They can pull the plug anytime they want - just refuse to fund Tesla and $30 billion market cap goes to zero.
Tesla is telling everyone that their business is failing. They report the losses over and over again and people still buy the shares.
My guess the SEC will probably give Tesla a letter of understanding and find nothing is wrong. Investors are on their own. If you buy individual stocks you are supposed to know the company.
The fact that Elon also sold $600 million of his shares knowing about the accident and not telling the public might change things a little.
(( This is the new capitalism of the smarter, more powerful, and more greedy ppl than yourself. )))
Exactly. Don't try to be smarter than the smart money.
But even the smart money needs an exit strategy. They are pouring billions into this stock and, maybe, making money with options ?
But then what? Pour more money in and keep the business alive. Or build a short position and let it happen?
The big issue *might* be the 2018 debt. Will the smart money give Tesla another 1/2 billion to pay off old debts ?
No pain no gain.
Tesla is adding to it's money losing car line with the money losing power walls and then the money losing Solar City and then who knows - maybe the money losing Space X.
Next year is going to be really huge.
It's kind of funny they admit sales are crashing:
(( Model S shipments peaked in 4Q:15 at 17,192, declining 28% Q/Q in 1Q:16 and another 22% in 2Q:16 ))
But claim the stock is going to hold up.
This is nothing but a stock scam. Elon took $600,000,000 cash out. Plus YOU paid his tax bill when he donated shares to a charity.
Sales are down.
Profits never happened.
Cash being burned.
Elon is borrowing against assets that you own.
$9,000 on the hood of every Model S 60.
Secret plan ----- sell fewer cars, lose more money, develop another platform with no cash available to put it into production, cut prices, offers incentives, dilute shares, laugh at the profitable competition, stoopid doors, start a giga-factory and sink millions into it, sell fewer cars again, dilute again, lose money again, buy your other money losing cash burning business with Tesla shares, dilute, borrow .. and then declare that your business will have a market cap of $1 trillion.
It's a no brainer.
((( Every path of solar ends with a small part not working so solar doesn't work on it's own. )))
Cheap panels from China made solar work.
If the panels are cheap
== then lack of net metering isn't an issue. Use the solar juice and forget about selling it back.
== there is more money for a battery backups.
Obama CRUSHED cheap panels that with a huge tax .
(( Here is his master plan from 10 years ago, )))
Tesla has burned about $5 billion in cash in just 10 years. Do Tesla longs actually think that is going to change.