Tesla Motors

[Sugarphreak]

...

[rage2]

You’re underestimating Tesla and Musk. They’re going to announce the Model Y, and some more details on the roadster, get everyone horny, then raise another $5b in the next quarter or 2. Same cycle.

[ExtraSlow]

He's going to call the next new car platform the model T, (after striking a deal with Ford) because it's going to revolutionize transportation even more than the last car to carry that name. The headlines alone will generate billions of fresh capital, and he'll hit his first compensation incentive target.

Building cars is for chumps.

[killramos]

Maybe he should try selling a few model 3’s before he annouces a third future model that no one can afford and that Tesla doesn’t know how to make?

[Xtrema]

Model 3 ordering just opened for Canadians. Sounds like he crack the whip and ramp up production hard in the last couple of weeks.

Still without traditional QA, even with way less parts, I will bet that 1st year Model 3s will have lots of issue.

BTW, my bro-in-law asks for his $1000 back because Model 3 AWD is way late and he needs a car soon. All he hears are crickets.

[Sugarphreak]

...

[Xtrema]

Will be interesting to see how 1 crash into a median so hard that the front end is gone.

[mzdspd]

There is a lot more to that story.. For one, the crash barrier was damaged prior to the accident (see imgur link) so that probably played a huge factor in this collision.

https://i.imgur.com/ZGERxzv.png

https://www.google.com/maps/@37.4104...7i16384!8i8192

https://www.reddit.com/r/cars/commen...tting_freeway/

[rage2]

Stock tanked today as NTSB opens investigation into crash.

https://jalopnik.com/ntsb-opens-inve...ras-1824115008

I haven’t driven Tesla AP much, but I have driven the first gen Mercedes drive pilot way more, and on roads with shitty or faded markings, it will follow the wrong one. That’s why these are still level 2 and require full attention under use. If the driver wasn’t paying attention and AP followed the right line, it would drive straight into that divider. With that being said, this happened a bit outside our office, and my boss drives this exact route on AP daily without issues.

Anyways, all speculation, but investors are spooked.

[killramos]

Hold on. One automated car crash is what it took?

Years of missed numbers, poor quality control, losing money? Nbd

[rage2]

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Hold on. One automated car crash is what it took?

Years of missed numbers, poor quality control, losing money? Nbd

The fatal crash last year NTSB found Tesla to be partially at fault, and they had to update the cars to stop complete hands free driving. Kinda surprised this is a big deal.

[killramos]

Yea it seems like small potatoes to me.

Can’t wait for them to go under. The sooner they do the sooner I can order my Ford Tesla, and have it built with a semblance of quality and in a reasonable amount of time.

Edit:

I would say the rating downgrade to even lower junk status likely has more to do with it https://www.google.ca/amp/s/www.cnbc...on-delays.html

6.9% yield on their debt is a tough pill to swallow if they want to raise more money.

[Sugarphreak]

...

[dirtsniffer]

stock down 30% in a month

[rage2]

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stock down 30% in a month

Ready to ride the next wave! haha

[Seth1968]

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Hold on. One automated car crash is what it took?

Years of missed numbers, poor quality control, losing money? Nbd

All hail the power of pixie dust.

I'm wondering why Gestalt hasn't replied to the latest developments.

[Chandler_Racing]

This one was obvious to me...

I called the short timing in the middle of December 2017.

Their bonds are on the way to junk status.

[realazy]

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Their bonds are on the way to junk status.

You mean that they are already seven steps into junk status "Tesla’s $1.8 billion of senior unsecured notes, issued in August, were downgraded to Caa1, seven steps into junk, from B3"

[rage2]

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This one was obvious to me...

I called the short timing in the middle of December 2017.

Their bonds are on the way to junk status.

Let’s just wait to see their Q1 numbers as well as their next capital raise first before you say you called it. Although with the performance of their last junk bond, stock price tanking, and $1b of debt maturity in next 12 months, raising capital might prove to be a challenge.

[Seth1968]

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This one was obvious to me...

I called the short timing in the middle of December 2017.

Their bonds are on the way to junk status.

Uh huh.

That was obvious from day one in which the big automakers would crush Tesla if need be.

What's more evident, is the so called financial advisers that recommend you invest in such a pathetic company.