May have produced them but may have built a good few hundred demo/loaner models up front to entice "more orders" rather than give actual paying customers their 2-3 year old ordered cars.
There is demand and there is interest. I have a long distance friend who visited the car show in Philadelphia, PA this past week and said the Tesla booth had two MS cars in it and was "jammed" with people sitting in the car and talking to the reps. Sure, lots of lookey loos, but how many are placing orders? It would show up in February and March Vin # issuances.
In fact, I would not be surprised if GS advised Musk to short oil companies in 2014 in the family trust to then make the money needed for things like buying his recent options package at this time.
It is rare musk even mentions the employees in interviews. Do you really think the word "valued" is important here for a company that prides itself in the number of robots used during construction? People are there only to move cars around between robots and to the train or truck. If the cars could obtain autonomous features, many of those features could be used during construction, delivery and even on the sales lots. Autonomous cars help cut company costs.
Stock winners bought cars. Some bought multiple. A software firm I worked at in the 1990s had people not buying the product at times when the stock value was heading down which fed the company's competition.
"But who knew oil prices would drop below $30..." Perhaps Musk and CFO did. They wrote about "Provided that we execute well and there are no serious macroeconomic shocks, Tesla’s annualized delivery rate should exceed 100,000 units by the end of next year." -- Q2 ER 2014 (July 31, 2014)
With that and advisors at GS and MS out there - and with just a month or two prior to the "new OPEC decisions" to be made, there must have been some setup to protect the sovereign wealth of oil producing favored-nations by the big banks. Days after John Kerry visited S.A. in later 2014, they "held firm" to production levels and continued pumping. Been that way now six quarters. Throw in meetings by those in control at places like Bilderberg meetings and other back-room deals and you have an oil war in progress.
Do I think people knew they would see $30 oil? Sure. Did we all believe it then? No. Slow boiled frogs do not leap out of their warming pans.
There is a guy who posts on Seeking Alpha who goes by Logical Thought who shorted TSLA with this same premise. I wonder if he covered yet. He said he did expect this level of pps.
They said they were sold out of powerwalls and powerpacks, they said. Does anyone have a powerwall installed anywhere in the world? Any periodical reviews? Balance of system cost analysis? Value to the owner? The April 29 reveal was almost a year ago. Remember the ramp of the pps after the tweet "new product, not a car"? It seems to be time for another tweet. Maybe about the progress of the Hype-r-loop or other whiteboard engineering product.
You need to watch "Better call Saul" to know what I meant.
In the ESPP type of plans, you decide the amount you want to buy for 85% of market price on the day of ESPP action. Then you can either hold the exercised options or sell them. Employees who did not buy/sell same day can end up with underwater options values. I remember the 1990s when a lot of people did just that and got creamed when they finally sold their shares during the downfall of the internet bubble bursting. I knew a few paper-millionaires who ended up with nothing.
Those yappers are probably working for a sell-side analyst company trying to get retail investors to buy their shares. Why bother calling them out. They were probably talking up LNKD in as well. All this could be a big setup for some tweet-bait following earnings. Big circus going on out there. Silicon Valley is one thing - but have you seen real estate prices in Vancouver lately?
Employee Stock Purchase Plan. ESPP options are usually exercised at the day they are offered. So, that is really only an intraday risk. However, special options for hiring VPs and chiefs and so on are more troubled.
I used to look at the jobs day far deeper than the "unemployment pct" which some say is a trigger for the Fed rates decisions. Well they masked so many falling into the Not in Labor Force while lowering the Pct.
Today, we have a change of Employed from: 149,929K to 150,544K. That may mean 615K more employed, yet they report the non-farms jobs and make it look small. These may not be "new job creations" but net jobs in place. Not in Labor Force has dropped. For the past few years, it grew almost every month. The point is, the employment numbers seem ok and may still signal there is potential for a rate raise - which is a poor decision unless there is real inflation. In fact, we face deflation right now. We need a slight oil ramp and a notion of no rate increase for 2016. Or face these market over-reactions. There are a lot of big buys in cash right now and all they need is incentive to trust the market again. End the oil war and let's make progress.
it made sense in California where drivers who may (or may have never) plugged them in and gotten a green sticker for the HOV lanes. Otherwise, nah. Made no sense. Good for HOV drivers though. Or, offer a true car pool situation and really use the HOV lane equitably.
The one thing I don't get is - why don't they naturally stop pumping if the market value is dropping? Was it existing contracts in place for delivery to be fulfilled and now they have run out of higher-priced contracts? Otherwise, it is in all of their and our interests to stop producing something that has limited and finite supply when it fails to provide a reasonable market value due to the over-production. Cheap oil helps many people - and then comes along Obama wanting a $10/bbl tax for "other reasons". Who needs oil the most? People with jobs who are trying to benefit from the lower price right now.
What that would mean is wouldn't be convertible during Q2. The can lower some liability for the time being from the balance sheet but what else? Bond value trades with the stock at a small premium. Both have gone down with the pps. As many have said - this period of the market is where "true value" is being found. Make profits to provide value.