The Tesla long fantasy is that Tesla is not limited by demand for it's products. Yet sales are in decline from last Quarter and flat for the last year. Sales of the models have been flat for 2 years.
In the last 2 years Tesla has had several promotions and sales incentives to move the few cars it was able to sell. Sales in Europe are near dead and Asia is suffering still, after years of suffering. More EV's are sold in China than anywhere else and Tesla is shut out of that market. or people simply don't want Tesla's. The Model S sales per quarter beginning Q3 2015 and ending June 30, 2017 ......11580, 17192, 12420, 9745, 15800, 12700, 13450, 12000. Sales of the models X for the last year 8700, 9500, 11500, 10000. The model 3 sales are forecast to be unlimited by Tesla but they said the same things about the X and the S. Instead of a $5,000 deposit like the model X Tesla used their power wall experience and dropped the deposit to $1000. Will we hear about the current level of reservations on Friday. The SEC has been pressuring the solar companies on a similar issue and we know they have intervened with Tesla in the past for shady financial reporting. Sales of the model 3 are far from assured and tesla is not a reliable source to determine future numbers. The model x did not meet their expectations. Power wall reservations were described as crazy, yet none were sold and the 10kw wall was discontinued. They lied about solar city, they lied about demand problems last quarter. Tesla said the sales decline from Q1 to Q2 was due to a "critical shortage of 100kw batteries" ......
Friday will be interesting ...........will the tales of deception continue or will securities law prevail f? I suspect Musk will ignore the law once again and spin a tale of deception once more. Maybe he can ignore the deposits and just comment on how many came in the last month or two. No net of cancellations number just vague descriptor to deceive the investing public (more of the same)
I bought TSLA at a average price of $224. I've spent the last several months watching the constant barrage of shorts claiming the stock will crash. It's almost laughable. I'm not saying the current valuation is sound, but it it what it is. At what point are you shorts going to give up? The best you can do is make a little on the dips.
I've talked to Musk about profits. His understanding of the subject is limited.
A couple of months ago, few million people couldn't access their Amazon.com or BofA account due to hackers for several hours. Imagine when you wake up and can't get your software car started....should be interesting.
Hilarious Video on how what happen when software make stupid decisions. In this case they can't rely on Tesla itself.
Tesla X Autopilot fail - crap driver can't rely on Autopilot
I feel like in the Olny one who remembers the pending. earnings statement
If electric vehicles, like Teslas, are SO wonderful, and there are SO many people lining up to buy them, why is there any need for laws taking away people's choice about whether or not they want to buy one?
of doctors who owned their business. Lib policies forced these doctors to sell the practice to hospitals and then further regulations caused those hospitals to go bankrupt. Oil and gas are next up. The problem has been that these pesky oil companies developed a new process that has dropped the price of energy by 70% and increased world supply by 400%%. The EV movement is totally controlled by Lib donors and if successful they will be the new energy barons-on the backs of taxpayers.. The truth is the truth. To this day in every market where taxpayer freebies are stopped all green energy concepts completely stop. In the US 87% of all green anything is sold in or made for California where they double down on freebies and give a state credit as well. Meanwhile they add an additional 1.50 on taxes giving Cali the highest gas prices. No wonder 10K people a month are leaving the state. Greenie, this will crash and burn. But there could be good news. If we ever have an alternative fuel it will be delivered by the oil companies as they will have to transition over to another option when the market-and only the market-forces the change.
GM <===== Tesla's latest victim
The numbers at GM are horrible. Shocking really. Car sales are down and SUV sales are up. The result was near record profits. Tons of cash flowing in. Possible dividend increases and stock buybacks. Horrors.
This all proves that Tesla longs were right. Tesla has been putting the screws to GM for 12 years. Tesla has successfully avoided profits and they have never repurchased any shares. But the real gem is Tesla's $7 billion debt.
BTW GM has exited the unprofitable European markets. And Tesla is expanding there. This bodes well for Tesla. It will help them avoid profits in the future.
Ultrafast-Charging Solid-State EV Batteries Around The Corner, Toyota Confirms
"We are working on research and development, including the production engineering of solid-state batteries, to commercialize them by the early 2020s."
Not that it matter to Tesla Company (Tesla is not even in top 10 race for Self driving car, place 12 in recent experts study). Tesla stock do trade on that dream since Elon mention it including earning money while at work.
This likely going to happen to all countries. Reason is simple, There are lot of transport job and no govt can turn down their demand without losing popular support. Terminator fear will also help & cause much bigger support on Ban.
India will ban driverless cars in order to protect jobs
India's transport minister said tech that takes away jobs won't be allowed.
TSLAs and EV sales that over 10 years the Gov of CA has too increase the tax subsidy, Ask yourself WHY would they need to do this???? Because EV's don't SELL period . Kick backs and corruption at its finest?
30 cars per month =======> "impressive" (I am not kidding)
(((( Not that thirty vehicles is large-scale production, but in light of the fact that the company wasn’t producing any just a few weeks ago, it’s impressive progress. )))
This must be quite embarrassing for GM & Toyota. Tesla can make 30 cars in just one month ..... Tesla is so innovative it's not fair to the other (profitable) car companies.
What most people forget is that Tesla will be like a computer. You will be able to upgrade it, buy new features, etc. You won't have to wreck it when the repair would cost more than its worth it. You just buy a new battery or software and you are good to go. Once people realize this, it will sell like hot cakes :)
TSLA makes its own Batteries, does not have Dealerships, owns all its Service Centers, and is at least three years ahead of the competition. Plus it owns Solar. $1,000 in three years.
For Peace of Mind, block all the bashers who contribute nothing to the conversation. They are nothing but annoying noise :(
The model 3:
Never in the field of car manufacturing has so much money being asked for a dashboard so ugly
I wonder what will happen when Tesla unveils their Truck? Shorts will end up in insane asylums :)
For all of you musk worshiping CO2 cult members,........... yes even you the most ignorant, uneducated, ill-informed,... of all members - cabin boy, dino and beyond "all hope of having an intelligent thought" pollution boy,... what's wrong with this picture?
Tesla Gigafactory 1: new aerial shot shows lots of activity as it starts Model 3 production
We haven’t seen a new picture of the Tesla Gigafactory 1 in Nevada in about two months and during that time, they have been busy preparing for the production of Model 3 battery packs and driv…
Operating Cost of Model 3 in 10K miles per year = (75KWh x 10,000 miles/200KWh) x $0.20 = $700
Operating Cost of ICE in 10K miles per year= (10,000 miles/ 25MPG) x $2.5 per G = $1000
This saving of $300 per year in Model 3 will easily be eaten by $300 more car insurance as compared to $35K ICE car. If your electric cost is higher than 20 cents per Kwh then you are in trouble. The car maintenance in Model 3 will much higher than ICE when you have to change battery after 5 years.