More bad news, so Tsla will go up 🚀
Me personally… With the impending loss of selling carbon credits or whatever (the only reason they can post \*any\* profit), EV tax incentives going away, obviously no robot coming any time soon, Cybertaxi having issues and no profits to be had in this market for at least 5 years. I’m sure I’m forgetting some things. I’m buying PUTS
Oh yeah lol the thing I forgot is the horrible corrupt POTUS wants to bury Elon haha
The only reason there any Tesla hype is because Mr Musk kept promising trips to mars and robotaxi fleets making you money while you sleep and take vacations... unfortunately his charisma hit the wall and people al snapped out of it
The key is the timing...
The stupidity won’t run out until it’s taken out of every “growth” ETF, which for some reason holds the stock despite the fact the company has been actually declining for over 2 quarters.
The stock is mooning because Tesla earning call is coming up. Tesla always moons on earnings - no matter how bad. Thats why it’s mooning.
No, see… I’ve been told repeatedly that Tesla is vertically integrated, and that their battery technology is unparalleled. Clearly Fred is just a FUDster who doesn’t understand why Panasonic is cutting production.
Worth at least $50 billion due to a massive call buying program on Monday morning
Panasonic is woke
They are so vertically integrated that they contract out all of their battery manufacturing so that they can focus on developing the 4680. That battery will really shake things up when it launches in 2019.
Q3 will go strong, production may run high if demand is exceeding. Q4, expect layoffs or more people taking a week off around holidays (like labor day week)
There are three ways to read this. Either the 4680 has finally scaled (least likely). The unboxed process for the much discussed cheaper models has caused existing lines to be retooled immediately following the partial retooling of the Model Y lines. (Possible but wishful thinking), or they already have enough inventory to flood the zone for short term demand generated by the pending disappearance of the tax credit. Or a combo of all three and Panasonic is more expensive than the alternative in the numbers they will need. Definitely a reason to take a closer look. If demand was strong or new models with a larger TAM were in the offing Panasonic would be busy.
Not sure the volume will go up by then…
In addition, by going “all-in” on an excruciatingly expensive robotaxi rollout that is a half decade behind Waymo and others, at a time when cash flow is massively tanking due to cratering sales and loss of carbon credit cash flow, is the end game. It is astounding to see how fast Tesla will collapse. The only saver for them here will be merger or sale to a deep pocket strategic partner wanting to get into the EV / autonomous vehicle space fast. It will be domestic because sale to a foreign investor will never get CFIUS approval.
and what if reality only hits home in 3 years and the stock keeps going up to 500, because 'the analysts are hopeful' Tesla is a meme stock and any long term trade is dangerous
tesla semi, remember that?
They sold the farm already to get these Q2 sales numbers. Q3 and Q4 will be bloodbaths. Layoffs are already happening.
It’s hard at this point to even believe the official Tesla delivery numbers when EUs most vibrant markets are reporting +80% decline in registrations. Something weird is going on at Tesla.
Good
The hardest place to verify is China. I pointed out once that the biggest sales numbers were in China and now the head of China is the new global head of manufacturing. This is exactly the person that would sign off any numbers being released. We know Elon has been hit with stock manipulation before, so I wouldn’t be surprised if he is doing it again. Eventually some of the bigger funds are going to see the writing on the wall and start trying to get out. They all have investigations teams who should be able to spot the problems or at least I hope the do.
I miss the sound of freight trains running through my town. I can barely remember what life was like before these fleets of Tesla Semis came to dominate the shipping industry.
NGL, you had me in the first half. lolz
Like 10 years ago all the Tesla fanboys thought Tesla made their own batteries and had some sort of incredible technology and would sell it to everyone.
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