Precisely. The entire future of this company is predicated on the building of a gigafactory, which will not even be built for 3 years.
Then, with the batteries from that factory they will build a car, which again they have no profit motive to build until 2020.
Why even build these Model 3 units at all?
There will be no way to service the vehicle nor any charging stations.
Cheaper to buy a golf cart for 5K.
Morgan Stanley is not going to be the last company to cut estimates, ratings, production numbers.
They all HAVE to do it or their research will seem stale and poorly thought out.
Follow the white rabbit. WE GO LOWER. MUCH LOWER.
A low performance car for the people that has a 100 mile range on a cold day, and Morgan Stanley things
Tesla will be getting 60K for it?
How about, THEY WILL NOT BUILD IT AT ALL?
The model X is delayed until 2016. Why even build the Model III? There is no Gigafactory or money to build it.
There is no market out there for a 60K low end electric car that has performance and options similar to a BMW 3 series.
Canadians are cowards, they are even afraid of the dark. They hide behind the strong USA like a child behind its father.
Have a donut and go back to your snow cave.
Just buy in the money puts or sell in the money calls.
Gets you huge buying power as this ship sinks.
They are not now. But the future of the company is based on $6 gasoline, not $1.50
$6 gasoline makes an electric car seem sensible and cost effective.
Factory to consumer. No distributor, no retailer, no middleman other than Alibaba itself taking a small cut for itself.
Hundreds of billions in sales this year, Alibaba keeps 20 billion for its cut.
700,000 cars? Are you kidding? They will be lucky to make 70,000 cars in 2020.
They are incapable of building that many cars nor is there a market for them.
This delusional outlook is so wildly overdone.
Fact 1. Nothing will come out of the gigafactory, and I mean NOTHING, until 2018.
They are not going to even start building it until mid 2015. Assuming they get financing.
Are you delusional? Have you sustained a head injury? Tesla may not even build the Gigafactory if things get much worse. Where is the money required to build this factory?
If the stock is down, its a chance to buy cheap. Coiled spring.
Baba holdings are worth 42B
Yahoo company valued at 45B
Ignoring the cash, the core business, YJ, and future earnings.
THERE IS NO DOWNSIDE HERE. NONE. ZERO.