User not logged in - login - register
Home Calendar Books School Tool Photo Gallery Message Boards Users Statistics Advertise Site Info
go to bottom | |
 Message Boards » » The End of Tesla Motors Page 1 ... 9 10 11 12 [13], Prev  
HaLo
All American
12780 Posts
user info
edit post

So...not going private

8/26/2018 8:17:01 PM

CaelNCSU
All American
6260 Posts
user info
edit post

Anyone trading it?

Going to open a vertical credit spread and buy some out of the money puts tomorrow--assuming it doesn't tank to like $200 before open.

[Edited on August 26, 2018 at 9:36 PM. Reason : a]

8/26/2018 9:35:52 PM

0EPII1
All American
41018 Posts
user info
edit post

WTF is wrong with him???

CNBC: Elon Musk attacks British cave diver for a third time, calling him 'child rapist'.

https://www.cnbc.com/2018/09/05/tesla-ceo-elon-musk-calls-british-cave-diver-child-rapist.html

9/5/2018 1:40:41 PM

darkone
(\/) (;,,,;) (\/)
11067 Posts
user info
edit post

Dude needs to sleep more.

9/5/2018 5:10:42 PM

afripino
All American
10088 Posts
user info
edit post

I have a feeling he's got some hired PI with some dirt on the dude.

old white guy living in Thailand? I'm sure the chances are pretty high he's there for the underage p00n. I'd take that bet.

9/6/2018 1:50:50 PM

synapse
play so hard
56324 Posts
user info
edit post

I would also take the bet.

Dude's lawyer's tough talk about a lawsuit isn't very convincing too.

9/6/2018 3:08:32 PM

dtownral
All American
23591 Posts
user info
edit post

isn't it also just a really cheap place to retire?

9/6/2018 3:26:24 PM

afripino
All American
10088 Posts
user info
edit post

yeah, sure. LOL

9/6/2018 3:50:57 PM

smoothcrim
Universal Magnetic!
18303 Posts
user info
edit post

I bought a house from a guy 30k under market value because he was in a rush to move to thailand to start his lady boy bar.

9/6/2018 5:52:43 PM

dtownral
All American
23591 Posts
user info
edit post

it just seems like the guy wouldn't have gotten a lawyer if he had something to hide, i'll take the over on when we find out he was actually a pedo

9/7/2018 9:16:40 AM

dtownral
All American
23591 Posts
user info
edit post

smoking weed on the joe rogan show definitely makes him look more sensible

9/7/2018 12:22:35 PM

afripino
All American
10088 Posts
user info
edit post

I didn't take you as the evangelical type

9/7/2018 2:19:02 PM

dtownral
All American
23591 Posts
user info
edit post

if you're a large investor in a company, do you want the CEO going on the joe rogan show?

9/7/2018 4:56:19 PM

afripino
All American
10088 Posts
user info
edit post

depends on the type of investor you are. some would see that as marketing.

9/7/2018 5:06:42 PM

synapse
play so hard
56324 Posts
user info
edit post

do you want the CEO going on the joe rogan show, and smoking weed on video, after denying he was intoxicated when he tweeted a desire to take the company private with a weed reference?

[Edited on September 7, 2018 at 7:59 PM. Reason : Tesla stock down 7%]

9/7/2018 7:46:10 PM

synapse
play so hard
56324 Posts
user info
edit post

9/9/2018 10:35:19 PM

CaelNCSU
All American
6260 Posts
user info
edit post

My vertical spread + way OTM put trade worked out well after the weed smoke. Did another Friday, only $95K more to go to cover the cost of the Model S

[Edited on September 16, 2018 at 2:38 PM. Reason : a]

9/16/2018 2:38:22 PM

smoothcrim
Universal Magnetic!
18303 Posts
user info
edit post

thinking about a model X as a daily. anyone driven one? the handling of the S leaves a lot to be desired coming from even a porsche cayenne and I imagine the X is even worse, but maybe not.

9/16/2018 11:55:22 PM

TKE-Teg
All American
42531 Posts
user info
edit post

I would say check out the I-Pace by Jaguar.

9/17/2018 9:32:42 AM

smoothcrim
Universal Magnetic!
18303 Posts
user info
edit post

same cost as a used model X, not as cool, no autopilot, no free supercharging

9/17/2018 2:17:30 PM

NSFW
Veteran
366 Posts
user info
edit post

get off the fucking phone and drive your appliance.

9/17/2018 6:27:20 PM

CaelNCSU
All American
6260 Posts
user info
edit post

Definitely wouldn't trust a new run car, coupled with having no super charger network. It is a huge risk to own any Tesla at the moment given the precarious situation the company appears to be in.

9/17/2018 9:17:33 PM

synapse
play so hard
56324 Posts
user info
edit post

https://jalopnik.com/tesla-now-facing-criminal-probe-over-elon-musks-take-pr-1829139934

9/19/2018 8:01:19 PM

TKE-Teg
All American
42531 Posts
user info
edit post

I-Pace is about 1000x cooler than a Model X. Unless you're into minivans, then I concede.

9/20/2018 2:35:48 PM

sumfoo1
soup du hier
41029 Posts
user info
edit post

I’d rather have a 700hp suv hat can’t offroad, then a v6 suv that can’t offroad

9/20/2018 7:40:14 PM

dtownral
All American
23591 Posts
user info
edit post

^

9/21/2018 12:41:58 PM

OmarBadu
zidik
24955 Posts
user info
edit post

the excitement that everyone that rides with me for the first time as the pedal hits the floor is still intoxicating

9/21/2018 10:10:20 PM

synapse
play so hard
56324 Posts
user info
edit post

What time are you picking me up tomorrow?

9/21/2018 10:14:50 PM

OmarBadu
zidik
24955 Posts
user info
edit post

If you are in the Atlanta area I’ll make it happen this week. Tomorrow is hard though - kid’s soccer game / friend’s kid’s birthday party / Atlanta United game.

9/21/2018 11:35:30 PM

smoothcrim
Universal Magnetic!
18303 Posts
user info
edit post

^ I'll take you up on a ride. Would love to experience AP on 85

9/22/2018 11:11:45 AM

dtownral
All American
23591 Posts
user info
edit post

oops, charged with fraud because he tweeted while high

9/27/2018 4:21:28 PM

sumfoo1
soup du hier
41029 Posts
user info
edit post

I'm sorry, his investors defrauded themselves imho.

They wanted sooo hard to believe.... they made a company with assets worth less than 25% of the big 3 and production less then 10% worth more than all of them.

9/28/2018 7:19:54 AM

dtownral
All American
23591 Posts
user info
edit post

everything silicon valley related is overvalued

9/28/2018 9:52:03 AM

synapse
play so hard
56324 Posts
user info
edit post

Quote :
"They wanted sooo hard to [make that money]"

9/28/2018 6:13:39 PM

synapse
play so hard
56324 Posts
user info
edit post





[Edited on October 1, 2018 at 12:26 PM. Reason : ]

10/1/2018 12:25:47 PM

OmarBadu
zidik
24955 Posts
user info
edit post

post the update at market close today....

10/1/2018 1:18:13 PM

dtownral
All American
23591 Posts
user info
edit post

yeah it should recover a little because musk lost his chairman seat and has a communications babysitting team now, but you think it's going to close close to the Aug 7 mark?

10/1/2018 2:04:50 PM

synapse
play so hard
56324 Posts
user info
edit post

no way it will rebound that much, but it is already up 16%

10/1/2018 3:06:00 PM

adultswim
All American
8220 Posts
user info
edit post

https://www.reddit.com/r/news/comments/9jgapk/sec_charges_tesla_elon_musk_with_fraud/e6r9w02/

Quote :
"For those unaware, while the $420 tweet is Musk's most brazen lie, it is far from the only one. He gets away with it because the SEC only prosecutes CEOs when they've hurt their investors. As long as lies keep propping up a company, they're allowed. If the company collapses, the CEO(in this case Musk) is screwed. As of now, with Tesla stocks still stable, Musk is not in immediate danger.

If you're asking: why would Musk lie about the $420 tweet? Why is he behaving erratically? What the fuck is going on with the peso accusations? What is happening to him?

Well for one, Tesla's in deep trouble. As even Musk says, it is very very hard to just keep Tesla alive. Secondly, he routinely makes incredible statements on twitter, never backs it up and faces no consequence. Moreover, these statements are crucial to keeping Tesla alive with the hype they generate, as the company itself is teetering on the brink. As an update to my post a few months ago, this is how things stand:

Summary of Tesla's situation:

-Tesla currently has ~$2 billion cash in hand

-About 1.1 billion of this is in loans that need to be returned early next year

-Around 40% of their cash in hand is from refundable deposits, many from people who thought they would get a $35k car

-Tesla cannot make $35k Model 3s at a profit right now or in the near future(this is generally accepted, and even Musk has said they have to push the higher cost cars now or "they will die"), they'll probably lose money even making $42k cars. They need to make $50k cars at scale to earn strong profits

-When asked in the earning call last for last quarter about reservations and how many people chose to cancel/take up their car once offered, Musk stunningly called the question "boring" and "boneheaded" and went on take questions from a youtuber for 20 mins. This was considered unprecedented and bizarre and stock dove.

-Tesla is losing about ~800 million a quarter, so they will run out of money without a cash infusion. Literally everyone(all major banks/investors/analysts) knows that Tesla will need to raise capital this year.

-Musk though, has insisted that Tesla will not need to raise cash because they will be "profitable by Q3 or Q4". A reminder that they lost 780 million in Q1, around the same in Q2, and even small profits won't be enough to prevent running out of cash. In order to make sustainable profits they need to sell around 10,000 model 3s a week. They were supposed to produce 5000 cars a week in 2017. Their current rate seems to be 3000-4000

-Even Tesla bulls say that Musk is bluffing and he will eventually raise cash this year. Moody's downgrade of Tesla to essentially junk stocks makes it harder to raise cash at good interest rates. Moreover, there is speculation and some evidence that the reason Tesla haven't already done so, is that they are under SEC investigation which would prevent them from raising cash without disclosing a lot of details harmful to them.

-Tesla has access to standard credit lines for about 500 million, but they recently had to pledge their Fremont factory to just maintain these credit lines.

-A lot of Tesla's financial executives have left the company The head of autopilot left and the head of engineering left 'for vacation' recently. A CAO came and left within weeks. Tesla have always had high exec turnover, but it has been dramatically increasing the last few months, with many leaving millions of unvested stock.

-Tesla's autopilot is complete false advertising. Their original autopilot was developed by MobilEye. MobilEye hated tesla's exaggeration of the system's capabilities and withdrew their supply after a person died using autopilot. Tesla responded that mobileye was jealous of Tesla's superior "Enhanced Autopilot" which has hardware capable of full self driving. It is generally accepted on owner and enthusiast forums that enhanced autopilot is nowhere close to FSD is basically lane-keeping system with AEB. Waymo and GM/Cruise are ahead with their FSD capabilities than Tesla, according to most estimates.

-Part of Tesla's debt comes from bailing out Solar City, a completely unprofitable company loaded with debt that was run by Musk's cousins. Some people saw this as nepotistic and a conflict of interest(Musk held part ownership of SolarCity while his cousins ran it), with a few investors suing Tesla over the deal.

-The Solar City merger also involved an outrageous hoax detailed here. The TL;DR version is that Musk demoed a product that was total vaporware and something no one at solar city was working on.

-Space X are a relatively more stable company, but I fear Musk could take them down as well by either pouring resources into crazy projects, or trying to save Tesla with Space X resources. As a player in an industry with razor sharp margins, Space X cannot afford in the foreseeable future anything close to BFR, a moon or mars base. He announced with great fanfare last year that space x would take tourists to the moon in 2018. That didn't pan out. He announced with great fanfare this year that Space X will take a tourist to the Moon next year 2023. We'll see how it plays out.

Musk is incredible at generating hype. But often, the hype is generated precisely because he promises things everyone else, and even he knows is not possible to make. That's precisely why the media picks it up: "crazy billionaire promises we'll have hyper loop from NY to LA" gets clicks. It generates hype, which he keeps circulating through his various companies. And its exactly because he has so many companies that every new claim gets more hype. A charitable person may call it "shooting for the stars". A more sober person would call it confidence trickery and borderline fraud, and in the coming months maybe just fraud."

10/1/2018 4:57:26 PM

CaelNCSU
All American
6260 Posts
user info
edit post

I sold my Model S on Saturday and bought a Lexus. Too afraid of what will happen when ^ eventually happens.

10/1/2018 9:05:34 PM

OmarBadu
zidik
24955 Posts
user info
edit post

Once you guys decide to make a purchase. Feel free to use my referral link

https://ts.la/alan56035

10/20/2018 5:25:14 PM

synapse
play so hard
56324 Posts
user info
edit post

Pretty big news: https://jalopnik.com/tesla-reports-a-312-million-profit-while-still-fixing-1829977160

10/25/2018 11:02:45 PM

OmarBadu
zidik
24955 Posts
user info
edit post

Smart summon sounds fun

https://twitter.com/elonmusk/status/1057871356367269888?s=21

11/1/2018 1:58:32 PM

synapse
play so hard
56324 Posts
user info
edit post

Hyperloop does too

11/2/2018 12:10:28 AM

synapse
play so hard
56324 Posts
user info
edit post

this is great: https://jalopnik.com/tesla-owner-uses-summon-to-remotely-move-his-car-to-avo-1830177570

11/2/2018 2:48:08 PM

synapse
play so hard
56324 Posts
user info
edit post

https://gizmodo.com/report-elon-musk-weed-stuff-prompts-nasa-probe-of-work-1830571907

11/21/2018 3:18:03 PM

 Message Boards » The Garage » The End of Tesla Motors Page 1 ... 9 10 11 12 [13], Prev  
go to top | |
Admin Options : move topic | lock topic

© 2018 by The Wolf Web - All Rights Reserved.
The material located at this site is not endorsed, sponsored or provided by or on behalf of North Carolina State University.
Powered by CrazyWeb v2.37 - our disclaimer.