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VelocityShares Daily Inverse VI (XIV) Message Board

jmcvicker 9211 posts  |  Last Activity: Oct 22, 2014 9:09 PM Member since: Nov 18, 1999
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  • Reply to

    New Tesla plan. Lot cars?

    by jmcvicker Aug 8, 2014 8:46 PM
    jmcvicker jmcvicker Oct 22, 2014 9:09 PM Flag

    Link or info? Sounds like the spot near me. Here, it was a Toyota dealership.

  • Reply to


    by flashrob Oct 22, 2014 10:14 AM
    jmcvicker jmcvicker Oct 22, 2014 11:39 AM Flag

    I don't like that Michigan signed the bill. I would rather like to see all automakers able to sell direct to consumers should they want to pay full MSRP on a vehicle or involve some factory discounts direct to consumer rather than being hidden away as hold-backs and other shenanigans that some dealers do. Maybe it is a $100/month(times MSRP in 10K) into the model year discount - as the model ages, the price slowly drops automatically. A $40K truck drops by $400 each month of the model year if ordered direct, picked up at the in-state store and driven home. A good law would be one store per 5 million residents of the state.

  • jmcvicker jmcvicker Oct 22, 2014 11:35 AM Flag

    Bush signed the $7500 EV tax credit into existence. Thanks W.!

  • jmcvicker jmcvicker Oct 22, 2014 11:34 AM Flag

    You did say "it will be necessary for them to be killed off by outsiders." Same thing.

  • jmcvicker jmcvicker Oct 22, 2014 11:31 AM Flag

    They do. It's called the federal gasoline/diesel fuel tax. You pay it every time you fill up.

    They are considering raising it as well. It has been about .18/gallon for at least a decade+. I would like to see a penny a year raise in this tax through .27 cents and then review.

  • jmcvicker jmcvicker Oct 22, 2014 10:00 AM Flag

    GM sells more plug in models than Tesla. At affordable prices too. Couple more coming next year. Same goes for Ford and Nissan and soon VW and Kia/Hyundai. These companies are putting more people and families in plug-in electrified transportation than Tesla is. So, they are already there sharing the market.

  • jmcvicker jmcvicker Oct 22, 2014 9:03 AM Flag

    If you are not flashrob, you're darn close. If you want Tesla to "crush" companies like GM or others, you are a poor excuse for a community-oriented person. It is horrible to want to put some large firm out of business because your hobby of pushing for one small niche company to grow. There is need for both and I am sure Elon Musk would not share your point of view. Good luck with your crushing the competition. How about cooperative moves to make all auto companies produce good EVs for all to use?

  • Reply to

    Daimler already sold.

    by option_specialist Oct 22, 2014 7:45 AM
    jmcvicker jmcvicker Oct 22, 2014 8:56 AM Flag

    Consider CREE. Last night, was short of revenue and earnings by a little. Down 13% overnight. From its high of $70 about a year ago, it's trading $28-29 pre-market. And they actually are profitable. Just missed by a small to moderate amount. CREE makes green things - LED light bulbs and other electronics. Good products, sold nationwide, including in states where some utilities offer incentives at point of sale.

  • Reply to

    Will Daimler play hardball?

    by lone_ranger Oct 22, 2014 7:07 AM
    jmcvicker jmcvicker Oct 22, 2014 7:31 AM Flag

    Sounds like W. "You're either with us or against us..."

    How about - they're a business and will deal with contracts and beyond grade school decision making.

  • Reply to

    3Q14 ZEV Income ~$83 million?

    by n0m0renancy Oct 21, 2014 3:29 PM
    jmcvicker jmcvicker Oct 21, 2014 7:37 PM Flag

    Even if EPS is fluffed up with an $83 M government gift - it doesn't foretell growth. It may help cash flow this quarter, sure. With the plant down and slow in early August, and 2200 cars to sell after Q2, the need for some positive cash flow would have been needed. This is 830 cars sold in terms of revenue and ASP of $100K. One week of production. 2% of annual production retail value based on ASP.

    The money should be put against the 1.2 Billion of negative retained earnings. ZEV is a gift. On top of the CA state sales tax gifts and Nevada gifts and so on. Have they surpassed $200M yet in tax and other giveaways? All that goes away in the future - such government help is certainly not sustainable.

    The best trades sometimes are those not done. You could trade a Jan or Mar 2015 options butterfly or combo with limited risk. Or maybe sell March 2015 330 calls and 140 puts. There is some extrinsic value in them to make a few bucks. The valuation now still could hold through ER with talk of "still hitting 35K for 2014 and great things to come with cards unplayed in 2015".

  • jmcvicker jmcvicker Oct 21, 2014 3:02 PM Flag

    I doubt MX is going to be cancelled. Huge numbers of people want CUV/SUV style vehicles. I see more of them in my area than sedans. For the ladies who must be "elevated" above traffic to feel secure. And for the storage in the back for them to fill it will groceries. My personal goal is an electrified CUV for the family in mid-2016. However the MX will be too large for our garage as we have it arranged with shelving in front of the car. Volt fits perfectly as does our other CUV. MX will be too large. Oh, and too expensive. If GM puts out a CUV based on Voltec and the Equinox design - it would be a perfect choice.

  • Reply to

    Have you been DISRUPTED lately?

    by keefwotgetsaround Oct 21, 2014 2:19 PM
    jmcvicker jmcvicker Oct 21, 2014 2:54 PM Flag

    What do they want, 100hp added every six months? How big a codpiece is necessary to be a man?

  • Reply to


    by crocster55 Oct 21, 2014 10:47 AM
    jmcvicker jmcvicker Oct 21, 2014 1:36 PM Flag

    For how long? He spoke of rate. We know that end of quarter they have a blitz of deliveries. He said "by end of 2015..." So they could deliver 1000 cars the last week of 2015. That doesn't count - when will they delivery 100k per year for a whole year?

  • Reply to


    by crocster55 Oct 21, 2014 10:47 AM
    jmcvicker jmcvicker Oct 21, 2014 1:34 PM Flag

    Musk has said in the past something like: we are not in the business of making profits - we want to make sustainable transportation. Google up some Musk quotes from a few years ago. They are out there. For sure, he does not want to make profits on service (however, consider the huge costs of repairs of slightly bent cars - maybe profit off insurance companies?)

    However, he did say something like a CPO program could be lucrative. Perhaps, like all used car sales centers, there is more money to be made in selling used cars than new ones.

  • jmcvicker jmcvicker Oct 21, 2014 1:12 PM Flag

    He doesn't work with Lutz now. Did back at GM.

  • jmcvicker jmcvicker Oct 21, 2014 1:06 PM Flag

    Tony P at Fisker arrived there long after the demise was set. The problems all started with the recalls out of A123 Systems batteries. Tony P. came in and tried to at least save them but it was already snowballing downhill.

    Design was bad because it was a big car, looked nice and all, but had poor EPA mileage both on battery and range extender. The interior was also cramped. None of that was the work of Tony P.

    Tony was product manager or lead guy or whatever for the Chevy Volt at GM before "retiring" and then going to Fisker.

  • Reply to


    by crocster55 Oct 21, 2014 10:47 AM
    jmcvicker jmcvicker Oct 21, 2014 11:23 AM Flag

    The one secret sauce I heard was they are going to make the cells slightly larger. This means fewer cells per kWh. This means materials costs for jackets and caps comes down. That the kWh per unit volume is slightly more using fewer cells. This isn't really rocket science but business math.

  • Reply to


    by crocster55 Oct 21, 2014 10:47 AM
    jmcvicker jmcvicker Oct 21, 2014 10:57 AM Flag

    My local tesla shop has at least 12, to 15, cars to sell including loaners. More loaners will come in as those orders in-flight convert to 'D' orders. They have at least 6-8 service techs and maybe 5-7 other employees - most are in their 20s. They deliver cars in bulk at the end of the quarter for a few weeks. The rest is overhead. The local shop is a dealership in legal terms. What does such a shop cost in terms of annual SG&A?

  • Reply to

    Question for Professor Ranger !

    by kkolbuch Oct 21, 2014 1:11 AM
    jmcvicker jmcvicker Oct 21, 2014 9:56 AM Flag

    The Amish just laugh at all this silliness. We keep innovating and printing fake money to pay for all of it. They keep living a simple and sustainable lifestyle. Which is better? Both good in different ways. One depletes the natural resources and uses up what is in the earth. The other does not. Solar is good but offers a scant amount of power based on our gluttonous needs. Try to live in your house with under 500 kWh of power used per month, most modern families use 1500-2500 or more kWh per month. Batteries? Ok - if this becomes "the norm" it is far better to have batteries on the grid in neighborhoods and substations and not in each home.

    Conservation. It is the only way. What have you done to save power today? For every dollar spent on conservation, it is worth $5 in renewable infrastructure buildout.

  • Reply to

    when is the news suppose to come out?

    by irenecarol Oct 2, 2014 11:34 AM
    jmcvicker jmcvicker Oct 20, 2014 7:51 PM Flag

    And now, there is talk of "franchised dealerships".

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