I know I shouldn't have shorted that extra 1K shares at $ 230! Guess I just got greedy.... $ 230,000 down to zero would be a nice score. Lucky for me a have a high threshold for pain. By the end of August we should be back below $ 200. I'll probably short another 1K at $ 265 when it forms a double top and heads for the hard deck.
"Poor Guy" - received some lousy customer service and now he's all bent out of shape. Sounds like he has more money than common sense. He already paid 150K for a roadster and felt the need to throw another 100K out the window for a model S terdsla. For that kind of money he could have bought a real car and received real customer service including getting his #$%$ polished (multiple times).
My vote: Let them fight it out. One side will eventually dominate the other or they'll finally get tired of killing each other and go to their separate corners. Been that way since the beginning and no 30,000 or 100,000 or 500,000 foreign troops are going to change a thing. As soon as they leave they'll be right back at it. We shouldn't have gone there in the 1990 or in 2002. Certainly not in 2014
$ 18+ incredible!! This story gets more absurd by the day! Can't wait to read the book some insider is going to write about these clowns in a couple of years when they go bankrupt and everybody is pointing fingers! Here's my suggestion for a heading:
"THE GREAT AMERICAN CARWRECK"
The stock price manipulation here is border-line criminal... Maybe when it's all said and done who knows - maybe it's across the line criminal. Either way - I can't help but LMAO when I see days like this one.
If I follow your math, you estimate that by this year end, they will have produced and delivered 39,050 cars since inception of the MS. Subtracting the cumulative deliveries as of 12/31/2012 (25,095) means you expect them to only deliver 13,955 cars this year? I know this doesn't sound right. What am I missing?
I'm suprised CarMax offered so much. They must think they can sell it for 85-90K which would make actual depreciation less than 23% wouldn't it? If we compare retail to retail the depreciaton doesn't see too bad. Big question comes in about five years - who pays to have the battery replaced when Tesla is out of business?
Personally, I'd dump the MS in CarMax's lap and use the money to buy 3 Leafs (leaves).
As usual JMV you're absolutely right. I'm sure Elon sees the hole in sales out there about 18 months away, it will interesting to see if he can get his R&D dept to have the gen 3 ready to go by then. Seems unlikely given the distraction with the mega factory, SpaceX etc. And he still doesn't have MX ready to go. How do you spell "priced for perfection?" - T-E-S-L-A
Good point on the "no waiting" issue. That might encourage buyers to place an order if they can get their car in 30 days instead of 6 months. I suppose they could build an inventory and sell from it. I noticed their finished goods inventory was up quite a bit last quarter. That may be due to a consolidation of inventory for delivery to Europe.
Lone, by adding a 2nd line (and I assume they intend to build the model S with it) they may indeed pick up speed and meet their 35K production goal. What Coach is saying (and I agree with) is that they are simply pulling future sales forward to 2014. The backlog growth for the year ended 2013 was flat. It grew only because of MX deposits. Which means demand for the MS is flat or declining. At least that's how I would interpret it. If the MX is ready for production that will probably utilize 1 line and hopefully they can work off the MX backlog to keep themselves busy for 2015. 2015 sales may be 40K units assuming the MX is ready to go early. After 2015 I can see a major flat spot as MS sales continue to decline and MX backlog is built out. Then what? Is Model E ready to go by then?
I guess they can always continue building cars and put them into a rental/lease fleet and push them through their showrooms. Jury is definitely out.
Couldn't agree with you more Coach. All the additional capacity will do is allow them to blow out their backlog. Then what? Start filling up parking lots - or offering more sales incentives like 2:1 deals? So much for that 30% gross profit margin when they have to lower the prices to maintain sales levels.
Simple. GM killed 70 people due to gross negligence and they sold more cars last month than anybody expected. Bottom line - nobody cares. All you have to do is put some makeup on your CEO and send her out in front of the cameras, do an internal investigation and fire a couple people and you're good. Compared to GM - Tesla looks like a saint.
Candlestick Man predicted a $ 5 up day yesterday and told us we could take it to the bank. I waited outside the bank all day yesterday and the $ 5 up day never showed up to unlock the door. Looks like his timing was off by 1 day. Sorry to doubt you Candlestick Man - I will never 2nd guess your calls again!!
He who must not be named will be long gone by the time the giga factory is under construction. If that buck-toothed hag gets elected she'll kill any subsidies because billy the serial woman molester has been bought and paid for by the oil and gas industry. Mark my words,,,,,
I think you and candlestick boy have been smoking too much crack. The only "high likelihood" associated with this stock is bankruptcy. Not quite sure how your fibinacci retracement factors that in but I'd take a 2nd look if I were you.
I think you need to move your decimal point two places to the left. $ 20.00 There, that's better. But don't buy with both hands, buy with 1 hand and place your order using the built in touch screen on your model S with your other hand. Don't worry about watching the road - you're driving a model S - the rest of the public will gladly move over and get out of your way...... especially if they're riding a bicycle.