Well, yesterday here, there were dozens of randomly-named logins pumping like a firetruck.
Today, crickets. That's a pretty good signal for a top. The more positive banter, the worse it will be.
DJ - they need mufflers? When did you last replace a muffler?
EVs are the answer and they will grow at a small but sustained rate until the price and tech catch up with consumer-level demands (range, ease of use, cost and did I mention cost). Many complain about the tax incentives as negatives and won't participate until there is price parity without government help.
This is why by the time they scale up, they will have double the shares in the float, various other debts and Musk will owe Goldman Sachs $1 billlllllllion dollars.
For a car company making 600 someone exclusive cars per week and having no GAAP earnings, isn't it funny that we had a grand total of :
933,152 options contracs open interest across all options? (93 Million shares)
328,654 for this friday alone. This accounts for 32.8 Million shares of written contracts.
What these numbers can tell us is the direction that "team wallstreet" will take the shares ongoing. For me, I was going to buy a weekly put (probably 20) at 52.50 during the initial morning headfake but had to go to a company meeting so I missed out.
Carry on. It's all about the China web page and the latest Wedbush banter.
Tesla is the trading vehicle of the stars. Oh, and they make cars too.
Without algol driving things, it is up to retail investors to maintain pace. Imagine what is to come in January?
Put 10,000 Model S on the streets across China. Same smog problem will be there after deployment. They need 5 million small, consumer (Kandi-style and BYD-style) evs. They also need to cut back on coal power plants (which is hard to do) and also their factories which have no EPA to oversee their production of gasses.
Tesla will NOT solve China's air quality problem. In fact, driving 10K Teslas using their dirty coal-fired plants may create more smog than if drivers drove Priuses.
I'm checking on.
How about selling a covered call for Mar 2014 back in Feb of 2013 and then you buy it back to close it out the day before expiry. 13 months open position. LTCG?
Kodak made good cameras and owned their industry in the beginning as you say Tesla is defining EVs today (even though it does not outsell Leafs or Volts). But down the road, Kodak did not keep up, did not go digital and was also eaten by the Japanese firms in the film industry such as Fuji Film. What Tesla will need is huge capital expenditures to keep up with the VW, GM, F, BMW and others who are already in the same industry and can deploy their vast resources to create new models. Telsa needs future customers to finance new models. How many years of Model X reservations will be needed before they start making them? Interesting that the current plant is not even close to 1/4 utilized and yet they cannot make the Model X yet to fill those 9500 reservations on the books. Making the model X now rather than early 2015 means they could start to sell more cars and "make more money". But in fact, it would be a money-losing proposition causing more CapEx than earned income, going negative further on the GAAP income statement.
The others can outspend Tesla going forward - it's a matter of whether it makes sense for them to create a few loss-leaders to jump further into the industry or wait until the industry defines itself.
We all might want luxury EVs but very few of us "need" them. That's the problem here. Pushing a new industry forward rather than having a cultural need to pull it. Our culture hardly cares about the future loss of oil reserves, the tailpipe emissions and all that. They see that current model cars are many times better than cars of the 1970s and 1980s in terms of mpg and emissions and that things seem fine. They care more about whether their job will be outsourced to an overseas firm for less cost or if they can make it home to watch the next big reality tv show or if this year, their school tax will go up only 3% instead of 4% for their house.
How does the politically wound work exactly? Congresspeople make traditional automakers create money-making ICE vehicles rather than money-losing (currently) EVs in what way - and should the FTC be involved to investigate?
Conspiracy theories only go so far unless you have actually seen it done. This is a Looking for Snipe type of post that doesn't fly. Some of the best money is to be made off the backs of the conspiracy hawks who take down their own kind based on made-up stories. How many years of predictions by such conspiracy theorists will we wade through until it gets played out?
GM and others have stated soundly that electrification is the future and the primary problem is cost of input parts. Once batteries and motor controllers and other bits come down due to cost of scale they will be making far more models. The one model that will be very well received is the larger CUV and pick-up truck solutions. As long as the price is right.
The compelling argument "for" ICE is not the manufacturers. it is the drivers themselves. You are trying to push a wet noodle in the concept that EVs are held back by the automakers. The consumers and those who write the check to buy the vehicle are not yet convinced they are viable nor cost-effective. But give them a 120 Mile BEV at $20K and they will be ALL OVER IT. Price the Volt at $27,950 before incentives and it will double sales.
I guess the opinion from everyone is "nobody can make EVs except Tesla". That seems myopic at best and down right insane at worst.
She is a great shill pumper for the Kodak of electric cars.
Except that all automakers will be competing. Just as xerox is not the only copier maker and Kodak for cameras.