$TSLA
- Thread starter Phill Twist
- Start date
Looks more kamikaze pilot than autopilot.
Maybe Boeing did the software for Elon.
(ohh... bad joke, bad joke)
I am still waiting for the first person actually paying only 35K for a Tesla and getting it delivered. Maybe in 2 months...
They made the FSD obligatory though, so the 35K unicorn might not exist anymore...
I do not own a Tesla or Tesla stock...I do not have any options for or against it. But the one thing I do own is some stock in Panasonic. I have felt the gigafactory in NV was a wise move for Panasonic. Yeah, other companies are getting into the battery storage program. But, when I hear people are using batteries from totaled Tesla cars for home use, it seems there is something there. These people are happy with their set up. And yes, I would like to know what is stored in all those truck trailers on the NV site?? Just wondering on the joint venture, who owns what in the NV battery site? If someone could post something. Who owns the technology, who owns the factory, can the factory be reused for other purposes?? If it is only at 30% of capacity, could there be other uses for it...Solar/wind storage for home and business use? Thoughts...
Business-wise, Panasonic said they lost money on the Tesla venture. They were ready to make batteries for 500K M3 cars annually, and Tesla is making less than 50% of it. So they are slowly divorcing themselves from Elon, that is why they were not interested in the Shanghai factory.
Tesla is supposed to take a certain amount of batteries from them, no matter what, that may be the reason for making cars for the parking lots all over the country...
Furthermore:
https://seekingalpha.com/article/4254205-panasonic-tesla-seem-differ-prospects-model-3-profitability
Word on the street is that Tesla has been shafting suppliers heavily since mid last year... Remember last year when they asked money back from them suppliers and asked an even bigger credit line from multiple sources ?
Panasonic has been getting delayed big time, to the point of non payment. The latest move was just them seeing the writing on the wall, Tesla defaults on payments to suppliers in Q3 if they do not get a loan in Q2, very simple. Tesla is a Ponzi scheme that operates on a loss per car sold, and continuously needs new money to pay old debt and continue operations, the moment they stop getting new money, the Ponzi scheme unravels. Ponzi's have 100 % of the time finished in Bankruptcies, and this one wont be different... He is promising returns to his investors through a car business, no different then the Ponzi's who offer returns through Investments
And yet... stock is still at 270.
IMO if they do a capital raise it'll be enough to keep this going for another couple of years. I imagine Elon is busily working on the pitch as we speak. If I had to guess, he'll use the Q1 report to announce a light or medium truck and raise a few billion for the factory to build it + the Semi, plus announce a refresh of the X and S with some whiz-bang feature (maybe better range or "feature-complete autopilot" or some other BS).
I think the recent history of TSLA highlights that so long as the markets are rocketing higher and CBs are keeping rates pinned to the floor, dumb money is in limitless supply; it's when a general downturn commences that you really need to watch out. "When the tide goes out..." and so on.