Tesla 2023

A New EV Company Has Gone Public. Its Stock Is Worth More Than Ford’s.

No options nor short locate, but let's do that when it is available, dback down to $5.

I think they make electric mopads only, not sure.
 
mervyn said:
A New EV Company Has Gone Public. Its Stock Is Worth More Than Ford’s.

No options nor short locate, but let's do that when it is available, dback down to $5.

I think they make electric mopads only, not sure.
More...

"VinFast, the automobile arm of Vietnamese conglomerate Vingroup, was founded in 2017. It has so far imported about 2,100 of its EVs to the U.S. from Vietnam, and brought nearly 800 more to Canada.

The company made its first U.S. deliveries in March, but it still has a long way to go to compete with giants like Tesla and the Detroit automakers."

That would be autos, not mopeds.

https://www.cnbc.com/2023/08/15/vinfast-completes-spac-merger-set-to-start-trading-on-nasdaq.html?__source=newsletter|msemea
 
Yes, Vinfast is an auto manufacturer from Vietnam. They very quickly moved in to the US with their EVs. However, they were crucified by the media for their shoddy quality. In effect, they demonstrated their capacity to meet milestones and product delivery. The hard work begins, as Tesla found out when their products came out of the factory the first 2-3 years.
 
vfs dropped 25%

I have been to Vietnam, they have mopeds and not many cars, I doubt they can make anything in good quality because they really don’t have purchasing power.
 
mervyn said:
Inventory clearance, new model is coming? Elon is cunning so I guess he has a plan.
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His plan seems to be the same everyone else has: Inventory buildup, so cuts prices.

Like I said many times before margins - gross and net matter most.
 
mervyn said:
vfs dropped 25%

I have been to Vietnam, they have mopeds and not many cars, I doubt they can make anything in good quality because they really don’t have purchasing power.
More...
Not many huh?

"According to Vietnam Register (VR), 4.512 million cars were in circulation in Vietnam as of November 2021, or 46 cars for every 1,000 people. However, not all registered cars are privately owned. {as of Jul 6, 2022}"
 
(MorningBrew)
  • Stock spotlight: Tesla stock needs a recharge after falling more than 20% from its July peak. Investors are peeved with Tesla’s extended price cuts in China and its plan to release lower-range Model X and Model S vehicles that are $10,000 cheaper than the standard versions.
 
SunTrader said:
(MorningBrew)
  • Stock spotlight: Tesla stock needs a recharge after falling more than 20% from its July peak. Investors are peeved with Tesla’s extended price cuts in China and its plan to release lower-range Model X and Model S vehicles that are $10,000 cheaper than the standard versions.
More...
Meh, I don't think people care much about Chinese price cuts. Tesla does whatever is needed to gain market share in a competitive market of Chinese only vehicles.
I do think that the market makers are fed up with Musk's antics and reacting accordingly. From his X rants to his on again off again fight with Zuck, it's unbecoming of a CEO but more to the point, it's negatively impacting the Tesla brand. I continue to believe influential shareholders should sue Musk for failing to uphold his fiduciary duty to Tesla, and give him the option to find a new CEO or refrain from publicly discussing matters unrelated to his various businesses.
 
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