Tesla Motors

[Xtrema]

https://electrek.co/2019/03/04/tesla...st-price-cuts/

China too. It's 50% off in Taiwan.

[ExtraSlow]

Tesla owners have weak protests.

[Tik-Tok]

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^^^ environmentalism is a privilege of the elite!

"I don't look nearly as rich as I did before!" - What they're actually complaining about

[JRSC00LUDE]

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Tesla owners have weak protests.

Most Vegans have weak everything.

[dirtsniffer]

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"I don't look nearly as rich as I did before!" - What they're actually complaining about

or you know, the fact that their residual value just decreased by $50,000 overnight. If I bought a $50,000 truck and then 2 months later the company dropped the price of the same vehicle to $25,000 I would be pissed as well

[killramos]

^ this

These things also don’t change over night, clearly the cars were 50k overpriced last month.

[rage2]

There are potential ramifications with the FSD price drop. Tesla encouraged buyers to buy now on FSD or face price increases in the future. Instead the price dropped significantly on something that still hasn’t released yet and falsely led early adopters to purchase under false pretenses. Will be interesting how it plays out.

The bigger problem is the actual vehicle’s drop in price. It makes absolutely zero sense. The margins on the cars are negative at those prices. If you look at their 2 profitable quarters where they sold every car they built and adjusted revenue based on the new prices, the 2 quarters would combine for a $1.5b loss. I’m not sure how much the layoffs and closing the stores would be saving, but they need to save $1.5b to just break even, assuming they sell everything they build. That’s not happening, unsold inventory is pretty high so the theory is the price drops is to relieve that inventory as actual cash with the price drops to keep the lights on. There are some calculations out there that puts Tesla at under $1b in actual cash after their bond payment. That’s not good.

As mentioned earlier, capex continues to go down, so they’re not spending for the future at all. China is still a desolate piece of land with no funding yet. The stores closing is even more baffling. Stores that just opened in December and January got closed in the first round. That’s right, plan and spend money to open stores only to shut them down the next month, and incur termination penalties. Nothing makes sense right now. Tesla needs to raise cash now if they want to continue growing. No clue why they’re not doing it. Maybe the markets dried up on their mission, or Elon’s unpredictability.

RIP Gestalt’s all in portfolio.

[Buster]

maybe they are setting up for an acquisition.

[rage2]

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maybe they are setting up for an acquisition.

Nobody would acquire them with their valuation, long term debt, or long term liabilities. Things such as promise of APv3, upgrades, warranties, software promises, FSD... that’s huge exposure to unknown expenses. Tesla has a lot of value in their tech, both batteries and motors are well ahead of everyone else, those are only worth picking up if they liquidate.

[ExtraSlow]

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maybe they are setting up for an acquisition.

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Nobody would acquire them with their valuation, long term debt, or long term liabilities. Things such as promise of APv3, upgrades, warranties, software promises, FSD... that’s huge exposure to unknown expenses. Tesla has a lot of value in their tech, both batteries and motors are well ahead of everyone else, those are only worth picking up if they liquidate.

Rage you have it backwards, they will be the aquirer, not the aquiree. Watch out Volkswagen, General Motors and Honda, Elon is coming for you!

[killramos]

I can’t wait to put my order in for my Ford Focus Tesla.

Gonna get it the license plate TLDYASO

[ExtraSlow]

Atodaso

[Tik-Tok]

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I can’t wait to put my order in for my Ford Focus Tesla.

Gonna get it the license plate TLDYASO

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My bet is they are going to come up with a new name, for selling whatever hybrid/electric cars they come up with. They need a new name to sell to the new generation, Ford (as well as GM and Dodge) is synonymous with gas guzzler.

https://forums.beyond.ca/threads/407...neup?p=4726538

[JRSC00LUDE]

I can't believe big oil is getting away with this. #freetesla no, wait a second, #halfpricetesla first.

[killramos]

I have been on my ford focus tesla thing for YEARS

[Sugarphreak]

...

[killramos]

Don’t worry about it they are completely flush with CASHMONEY

[JRSC00LUDE]

Where's Supe"r"Tesla to explain how to reframe this as growth?

Silly thing is, I don't think anyone wants to see technological advancement fail - you'd have to be an idiot. It's the watching people ignore so many issues with sheer religious fervor that's the funny thing. When it fails hopefully somebody advances the technology. as alternative forms of energy and advancements in energy storage become more prevalent, it's just a winning play.

IF it doesn't fail, it likely will be an act of God in which case the faithful will be happy to show us how to repent to Saint Musk.

[rage2]

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Isn't Tesla leveraged hard against their stock price?

I've heard that ~250 is the ultimate breaking point... if it goes below that,creditors get to tear the company apart

No, Elon is personally. Nobody knows what the point is that triggers a margin call on his loans. $100, $200, $250, all speculation. When it triggers and he's forced to unload shares at a high volume, that's a problem. Even Tesla identified this as a risk as far back as 2017 in their filings and stepped in to limit the maximum exposure Elon has with the stock as collateral to lower the risk.

[Xtrema]

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Don’t worry about it they are completely flush with CASHMONEY

https://www.bloomberg.com/news/artic...ster-mortgages

May be he's ready to pull a Gestalt.