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Bloomberg: Elon Musk’s (Tesla's) creditors are suddenly having a serious bout of buyer’s remorse.
- Thread starter Velasco
- Start date
Neither do Teslas. Autopilot is an advanced cruise control with lane keeping features, not an autonomous driving system. It requires that the driver pay attention, and if it detects hands off the steering wheel for too long it will provide visual and audible alerts.
Full self-driving capabilities are in the future, for Tesla as well as other manufacturers.
I agree. People focusing on the day to day swings don't focus on the actuality of financing the business. You don't just raise cheap money in the face of downgrades and negative cash flow.
I hope all our bigshot corporate financiers of ERA and other genius investors who are short TSLA plan to stay in short through the rest of 2018. The bankruptcy of Tesla is imminent! It's going to happen any day now!
I'll never get the cheerleader squad for a billionaire who's most successful and functional product is... paypal. Dude can't make enough cars or get his rockets to stop blowing up, but Musk has a hell of a knack for convincing people he's a messiah instead of a huckster
There are a lot of ethical issues pumping your own stock on Twitter...
You don't know anything, do you? I have homework for you: find how many successful launches SpaceX has had. That's not to mention that the Model 3 seems to be a success in pretty much every way, except quick manufacturing which should be addressed at some point.
User warned: trolling, insults, inflammatory/strawman argumentation.
see? they just come out of the woodwork to mindlessly condescend and defend their Benevolent Billionaire God King. "His flagship product looks pretty good, except he can't actually make any."
You can't put a sentence together to counterargue what I said, mang. Lmao.
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Oh good, I thought it's only on here that people are so antagonistic.
Taking a free shot at a dumb tweet from the Economist is now "pumping up your own stock". Ok
TeslaTesla no profit and is burning through money and you want companies to compete with THAT????
Vaguely? It is to a T. And the market reacted postively to it. Whew, who needs to meet production quotas when your some of your investors are idiots.
Uh...why shouldn't a profitable q3 and q4 cause the price to rise?
Na,
He puts a specific timeline on when his projection will be meet. Trump just shoots out vague shit like "soon" and "huge"
Come Q1 2019 we will know if he is full of shit or not and will be able to call him out on it or pat him on the back.
It's the likely overt lying/overexpectations coupled with bluster. Given past projections, he's got like 95% odds of being full of it. If he was really that confident about this stuff, he would be giving the news at a shareholder's meeting instead of on Twitter. But I guess that's one way to try to avoid getting sued by investors down the road because the SEC sure doesn't seem to give a crap about pumping your stock up over Twitter.
Barclays just dropped an 80 page tome on Tesla. Link below:
https://www.scribd.com/book/376706550/Barclays-Industrie-4-0-vs-Tesla-PPT-18-April-2018
https://www.scribd.com/book/376706550/Barclays-Industrie-4-0-vs-Tesla-PPT-18-April-2018
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"Elon Musk is one of our planet's great hopes. I would offer a kidney to him if he needed it."
I really enjoy that his automation fetish really backfired. The success of the legendary Toyota Way is that every single employee in the plants secures quality and provides necessary creativity and autonomy to gurantee a flawless production process. Workers aren't a cost factor but a production factor.
I really enjoy that his automation fetish really backfired. The success of the legendary Toyota Way is that every single employee in the plants secures quality and provides necessary creativity and autonomy to gurantee a flawless production process. Workers aren't a cost factor but a production factor.
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It is the exact definition of pumping your own stock. When the CEO of a company is giving guidance in public that his company will be profitable (which no one thinks it will) any investor would buy the stock.
Well hopefully when it is not profitable he get sued. I'm sure there should be laws around this.
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I mean their real cash burn is double what it was last year for the quarter without meeting production goals. Good luck smoothing that over when you declared you'd be profitable Q3 and Q4.
TSLA is basically a gamble right now. If they don't hit profitability in Q3, they'll most likely be bankrupt by the end of the year (as well as their stock decaying massively). If they do hit profitability in Q3, how long will they survive past that given market pressures and variability?
edit: Holy shit, look at the AH price right now.
Twitter is saying he just had his "Jeff Skilling moment." Just to give you an idea of how bad it's going down.
Tangentially related, not sure how this got missed in today's news cycle, but Tesla is being sued by Nikola Motors for their electric semi designs. I'd normally be skeptical... but take a look at the image of the semi in some of Tesla's own promotional images:
https://mobilesyrup.com/2018/05/02/nikola-motors-suing-tesla-2-billion-patent/
https://mobilesyrup.com/2018/05/02/nikola-motors-suing-tesla-2-billion-patent/
The front ends on the trucks are completely different and that is not Tesla's image (read the article you linked again), it is from an "online publication." If anything led to confusion for the "online publication" it is Nikola motors name being a play on Tesla's name more than the similarity of the trucks.
Hmm I stand corrected then.
It's still funny how even Google images things it's the Tesla semi though, haha
Sorry, but that is quite a stretch man. Law suit should be thrown out instantly in my view.
Yeah I listened to the earnings call and it was weird as fuck, totally unprofessional, and kind of insane on multiple levels. And if you put all that aside, some of his answers were shocking. Well not shocking if you know how terribly run the company is, but shocking if you don't.
I stand by my previous comment. Who wants to bet against the guy landing rockets on moving objects?
Tesla is on the verge of bankruptcy, and there are many skeletons in the closet that haven't come out yet. It's pretty obvious that it's starting to get to him.
Very sincere and extremely important questions asked and this deranged lunatic goes like:
Feel bad for anyone trusting him with their money.
I also loved how he downplayed the truck and said they aren't even thinking about it....yet you've started taking money?
Feel bad for anyone trusting him with their money.
I also loved how he downplayed the truck and said they aren't even thinking about it....yet you've started taking money?
Very sincere and extremely important questions asked and this deranged lunatic goes like:
Feel bad for anyone trusting him with their money.
I also loved how he downplayed the truck and said they aren't even thinking about it....yet you've started taking money?
I wonder how his supporters will spin this? That thr big car companies sent undercover analysts to ask pointed gotcha questions like 'do you have the capital necessary for this project?'?
Dude sounds like my 8 year nephew when he has to do homeworkVery sincere and extremely important questions asked and this deranged lunatic goes like:
Feel bad for anyone trusting him with their money.
I also loved how he downplayed the truck and said they aren't even thinking about it....yet you've started taking money?
Very sincere and extremely important questions asked and this deranged lunatic goes like:
Feel bad for anyone trusting him with their money.
I also loved how he downplayed the truck and said they aren't even thinking about it....yet you've started taking money?
WTF?!?!
I'm pretty sure Tesla cars are pretty much some of, if not the best performing cars in the safety ratings, no?
