Beginning of the end for Tesla & Musk ?

silversurfer said:
impressive return, still doesnt alter tesla cant break even any time soon
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Except they have said they will be profitable every quarter going forward?

Putting aside the fine, I think the rest of the settlement Musk has entered into is a plus for the company. With Musk owning a huge chunk of the company, being chairman and CEO he had too much control over what is a public company which compromises its cooperate governance structure. Anyone that knows anything about this will see it as a problem.

Having a separate CEO and chairman is a positive move and should be welcomed by all shareholders (shorts and long term investors). Now they just need to get a decent COO.

Given the share price has largely recovered you could say it’s been well received by Wall Street. Those that bought in the dips will have certainly made some gains.
 
LOL - he still needs to work with them to come up with a joint statement to satisfy that SDNY Judge :D.

He should take up meditation or yoga or something as he seems to frequently let his ego drive this stuff.
 
I honestly wonder if he's starting to lose it with stress. It's a shame as he seemed quite a visionary to start with.
 
Hades said:
I honestly wonder if he's starting to lose it with stress. It's a shame as he seemed quite a visionary to start with.
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Nah, he's just got enough money to have some fun and adopt an IDGAF mentality.

Financial markets whilst an enabler in certain respects, quickly turn cancerous when you have people trying to make money from money, without any care for innovation or beneficial growth.
 
I figure he is ADHD and thats a gift and curse to him. As far as twitter, they are honestly doing him a favour if he has a lawyer to confirm anything entered there. Its not just Musk, quite few famous people shoot themselves in the foot saying literally what they are thinking. Zero surprise he dislikes regulators etc but he cant actually give this statement while commanding other peoples money

https://us.cnn.com/2018/10/04/tech/tesla-model-3-luxury-car/index.html
 
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[sarcasm]But but electric cars don’t work!


I need my car to have a 5000 miles range with a ten second charge time, for those one in a million trips that I do more than 50 miles.

[/sarcasm]


It’s good to see Tesla making a profit hopefully it’ll prevent the short selling as it becomes more of a viable option.

Can wait to see the hgv, that’s where the bi* difference in global emissions from traffic will be
 
Housey said:
I suspect it is heavily engineered
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Based on?

silversurfer said:
Short selling by itself should do little harm to a (good) company operation. https://youtu.be/MQcPC31KRqA?t=222
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Agreed but in this age of social media fact checking seems to have gone out the window and sensationalist headlines are what people are believing. The amount of FUD that is spewing out on all sides is utterly mind boggling these days but the topics they discuss are often incredibly important (climate change, brexit etc).

There is a pretty obvious hearts and minds war going on with Tesla and the wider principles the company stands for (climate change).
 
Although Tesla maybe making profit with the 55K$ model 3, does it matter if they are unable to make profit on the cheaper/planned $35K version ?
if they don't will they not have the long term growth potential shareholders want, consigning themselves as a niche producer,
or moreover, investors will hold because in medium term their technology will have value for a competitor wanting a boot-strap.

Longer term the manufacturing experience of the likes of Mercedes could win through - interesting article on tesla manufacturing process
https://www.cnbc.com/2018/10/19/tesla-ceo-elon-musk-extreme-micro-manager.html

Can T diversity into ride-hire offset these risks.
 
jpaul said:
Although Tesla maybe making profit with the 55K$ model 3, does it matter if they are unable to make profit on the cheaper/planned $35K version ?
if they don't will they not have the long term growth potential shareholders want, consigning themselves as a niche producer,
or moreover, investors will hold because in medium term their technology will have value for a competitor wanting a boot-strap.

Longer term the manufacturing experience of the likes of Mercedes could win through - interesting article on tesla manufacturing process
https://www.cnbc.com/2018/10/19/tesla-ceo-elon-musk-extreme-micro-manager.html

Can T diversity into ride-hire offset these risks.
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I wouldn’t really call it niche. Being a company the size of BMW isn’t niche in my books, but if that’s the case then their share price will have to reflect that, and there in lies the rub.

To make the $35k (and under) Teslas justifiable they also need to deal with the issues in their distribution and service/repairs networks. Neither are going to work as is with higher volumes associated with cheaper vehicles.

Do Tesla even want to be in the cheaper vehicle market anyway. If profit per vehicle is important to them then they need to stay in the premium class, not fighting in the low margin mainstream sectors, where volume is more important. They need to reduce their service and repair costs as they aren’t going to get many purchasers when those are multiples higher than companies like Honda/Ford/Toyota.
 
Amp34 said:
Being a company the size of BMW isn’t niche in my books
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it's market capitalisation might be more $60b versus $55 or so for BM
but the net worth 'assets - liabilities' for which Tesla appears to be $2B, I could not see BMW one.
moreover this article http://uk.businessinsider.com/15-most-valuable-car-brands-in-the-world-2017-9
suggest $5B tesla ~= Ferrari, whilst BMW at $40B , Merc $50B, porsche $10 ...seems in line with what I'd expect ? look at the infrastructure bm has vs tesla .. yes that's a year old.

Amp34 said:
Do Tesla even want to be in the cheaper vehicle market anyway.
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I thought that was still the promise ... but ok, they can become a premium mftr, not sure what their brand identity will be, as soon as the competition merc/bm arrive with their manufacturing economies of scale=>margins.
 
He doesn't get everything right media wise but Musk will go down in history as a truly great man.

I really admire his determination to succeed.
 
timbo45 said:
He doesn't get everything right media wise but Musk will go down in history as a truly great man.

I really admire his determination to succeed.
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Yeah calling complete strangers pedos is "not getting everything right"... and a bit more :p

Still, brave to carry on regardless when one has a serious disability like Twitter Tourettes.
 
jpaul said:
it's market capitalisation might be more $60b versus $55 or so for BM
but the net worth 'assets - liabilities' for which Tesla appears to be $2B, I could not see BMW one.
moreover this article http://uk.businessinsider.com/15-most-valuable-car-brands-in-the-world-2017-9
suggest $5B tesla ~= Ferrari, whilst BMW at $40B , Merc $50B, porsche $10 ...seems in line with what I'd expect ? look at the infrastructure bm has vs tesla .. yes that's a year old.


I thought that was still the promise ... but ok, they can become a premium mftr, not sure what their brand identity will be, as soon as the competition merc/bm arrive with their manufacturing economies of scale=>margins.
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I’m not talking about them being equivalent to BMW now, but I’m the future - a premium car manufacturer selling around 2 million units a year. Similar to MB and Audi

The alternative is them being a mainstream manufacturer and going the low profit, high volume approach. Teslas business model is currently very much the former, not the latter.
 
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