I had a friend who was a steel salesman back in the day. About a decade after the deuce and a quarters peak we saw one on a street. A big smile came on his face as he said "look at that Buick, that was the good old days". My father had one also. It was a great, great car for its time.
I don't read this as good news. An arrangement of this type is at best something Tesla was planning all along, but at worst it indicates that Tesla is hurting for sales in China and is willing to complicate its sales process to sell new vehicles. Changes to warranties, extending warranties, lease deals, buy-back deals, etc. None are signs of strength.
As long as they keep paying .20 cents annual dividend, I'm OK with minimal buyback. Maintaining dividend is critical at this point.
I have also placed my bet on the East, except for Japan. Didn't work out this year but my opinion has not changed. Valuations and growth rates are better.
Is this Harris Ranch near the Bunny Ranch? If Elon announced a swapping station near the Bunny Ranch, CNBC would go gaga, and try to push the stock up on the "synergies" that only Elon could have thought up.
You make it sound so easy. Here's my reply: if it sounds too good to be true, it usually is.
Tesla # 1 fanboy from MS reduces sales projection by 40 percent and stock goes up $7 ps. Go figure. Doubt it will last. Fanboy did not mention anything about earnings. Strange indeed.
Why is GF being built? Because they can't make money as a car manufacturer. You know, they sit around a board room table and Elon says that building cars is more difficult than I thought so we will build batteries instead.
19 estimates averaging $2.89 for 2015. None project a loss. They must be stopping about half way down the Income Statement. Surely can't be from bottom line number.
I have an intense dislike for people who write misleading topics. You should apply for work as a Yahoo News headline writer.
When a customer backlog of 90 days is an important part of your business model, then you curtail production to maintain the backlog. Seems strange way to do business but for Musk the backlog is important. Strangely I think his customers like it also.
The 98 percent will buy again rating certifies the loon category. Hear no evil, see no evil, and most important, speak no evil.
You're right about the losses are not real part. Although less frequent now, there are dozens of posts insisting Tesla is profitable but when pressed you find out the advocate has to go 1/2 way up the Income Statement to get to a positive number.
Agree completely. When Musk learned that US sales were not going to meet projections he panicked and went on the wild course of action we are now witnessing. He is going to conquer Norway, then Germany, then China, now Australia. Fact is, he can't even make a dollar selling cars in California. His arrogance led him down the worldwide path he is on. I doubt Tesla can recover. Best chance is successful dilution of current stockholders share of the company.
152 percent of a little number is also a little number. The hype behind Teslas release of this relatively unimportant news says a lot about the people pushing this stock.
Sometimes things just don't add up. Here's one. Tesla says our demand far exceeds our ability to supply but we have decided to send the supply to a country 5,000 miles away where we cannot practically service the vehicles rather than sell them in California where we have at least a modest support system established. Why, oh why would a sane person do that?
Musk's tweets and off the cuff remarks are wearing thin, even with his supporters. The ridiculous comments about his "meeting" with BMW, and their subsequent put down, were the last straw.