medviper
Well-Known Member
i would like to reside in Austin if it can be declared a sovereign territory like the Vatican or something.
Gov. Polis ruined Colorado.
- Thread starter Northern_Elite_Genetics
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ANC
Well-Known Member
The coolest roof I ever smoked on, was a cruise ship while watching a storm as wide as the eye can see approach at an unbelievable rate.
ANC
Well-Known Member
Who is gonna be your pope?
Moses Mobetta
Well-Known Member
Austin is pretty nice, very different from the back woods parts of Texas. Ft. Worth also has a very clean, progressive center
ttystikk
Well-Known Member
Did you hear that Panasonic is pulling out of the China giga factory and not investing in expansion in the US one?
The more cars Tesla builds, the more money they lose. This is not a sustainable business model.
doublejj
Well-Known Member
fake news......
ttystikk
Well-Known Member
ttystikk
Well-Known Member
Oh, and 486 electric vehicle manufacturing startups in China;
https://wolfstreet.com/2019/04/15/startup-investors-in-chinas-government-sponsored-ev-bubble-face-getting-bludgeoned/
Tesla was first; first to the market and first to be the target of everyone else. Tesla has billions in debt, it's having trouble floating more paper to cover operating losses and the tsunami of Chinese competition is swelling around them.
I've said it before; I wish Tesla the best and I want to see them succeed but everything I read tells me they're in deep shit and sinking fast.
TacoMac
Well-Known Member
I hate to admit it, but he's right.
What's more frightening for Tesla though is WHY they pulled out and cancelled expansion. Simple fact is, Tesla isn't making more cars, they're making a lot fewer. The only reason Panasonic is there is to build batteries. That's it. They had initially been told that as Tesla grew they would need to increase their battery output by multiple fold in order to keep up.
Next thing you know, sales are down, production gets cut, so that leaves absolutely no reason at all for Panasonic to put money in to an expansion to increase production.
What's more, Tesla are having to float so much more debt to fund factory 3 in China that there is little to no way on earth they're going to be profitable anytime in the foreseeable future.
Once again, it's Elon Musk doing too much, too fast. Instead of doing one thing at a time and doing it well and then moving on, he's half-assed everything and it's all going belly up.
- Tesla solar is dead. The roof project never happened and in fact hasn't even made it to production when it was supposed to about 3 years ago.
- Gigafactory 2 is dead. They were the ones that were supposed to produce all of Tesla's solar products. It never happened. It's now run on a skeleton crew and will start costing Telsa 10's of millions in penalties by the end of the year.
- Gigafactory 1 expansion has been completely cancelled.
- The 35,000 dollar model 3 has been cancelled.
- Online sales have been cancelled.
londonfog
Well-Known Member
The wife and I are in the final steps of purchasing our Model 3 Standard Plus , including a home charging station adding 4 more 250 panels on the home.
You also can still order a Model 3, you just can not do it online. Have to visit a store. we went with the Model 3 Standard Plus. The Model 3 is the same but is with a limited software. ( less range by 10%, heated seat disabled, so is navigation visuals and streaming music. The Plus has all that but our price was 39,950. I think both still come with autopilot as standard.
Saving money not using Tesla HPWC versus my electrician for the home charging station
All in all I think we come out better because she was eyeing a BMW 3 Series 2019 and that was running 45,000- 51,000
ttystikk
Well-Known Member
Best of luck. Beware another of Tesla Corp's endearing little quirks; outright hostility to third party repair facilities, preferring to keep the lucrative maintenance business to themselves. They've actually been so draconian as to deliberately disable customer's cars who were discovered to be repaired by 'unauthorized' repair facilities, stranding them. That's right, they sent a code over the air to shut down vehicles owned by customers, depriving them of the use of their own automobile.
Yes, they're catching lawsuits over the practice, go figure.
doublejj
Well-Known Member
Tesla disputes report saying carmaker is freezing spending on $4.5 billion Gigafactory
“Both Tesla and Panasonic continue to invest substantial funds into Gigafactory. That said, we believe there is far more output to be gained from improving existing production equipment than was previously estimated. We are seeing significant gains from upgrading existing lines to increase output, which allows Tesla and Panasonic to achieve the same output with less spent on new equipment purchases. However, we will of course continue to make new investments in Gigafactory 1, as needed. Most importantly, contrary to what is implied in this report, our demand for cells continues to outpace supply. It remains the fundamental constraint on Tesla vehicle and Powerwall/Powerpack production.”
londonfog
Well-Known Member
Yawnnnn.
I'm going to share some money making secrets with you. I invest in stocks. Been doing so since 2008. I actually had a chance to invest in TSLA when it went IPO on NASDAQ in 2010.
I passed but a partner of mine went in on what ever 1000 bucks would give. I think it was about 58-60ish because the stock was running at about 16-17 bucks in 2010. He held on to the stock selling when his son graduated in 2017 and the stock hit his high mark at over 300. That 1000 turned into a 17,000 graduation gift. I myself did not buy in until 2016 when the stock went under 200 and I was able to get in at 163 for 20....ouch but I feel it will not drop below 200 again. My high mark is 350. it closed 4/18 at 273.
Scream the sky is falling all you want but for a company to just went IPO less than 10 years with over 200% or better returned is deemed a success. I also myself have my formula as to when to hold or take to make profit and TSLA plays nice.
Now not only I'm I a share holder. I'm a owner
winfuckingwin.
Oh could you also cite that link about Tesla deliberately disable customer vehicles when they took them elsewhere. You have been known to " Barr " us with the truth. Thanks
doublejj
Well-Known Member
Are u invited to the secret "Tesla Autonomy" event this Monday? I heard it was investors only event......
londonfog
Well-Known Member
That and an opportunity to invest more dough. I really want to hold out until the 24th to see first quarter reports.
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