Lol that’s one way to look at it. They appointed Larry Ellison Billionaire founder of Oracle. (Who yes invested in theranos) And some lady named Kathleen Thompson who’s a former Kellogg exec and is now VP and Human Resources Officer at Walgreens. (And whose relation to Theranos as far as I can tell is that she was at Walgreens when they decided to put Theranos products on the shelves)
i'm glad i sold the majority of my puts in this shit show. i firmly believe the market cap will be over 50 billion when they straight up run out of money.
Ok. Because describing him as a "Theranos investor" instead of using his name was weird. It's maybe like identifying Michael Jordan as a Birmingham Baron
Theranos investor is more relevant when he is joining board of another fraud He mentored Holmes. How did that go He just dicks around on yachts now. So perfect for Tesla board
I've out loud 2-3 times reading this line and dearly hope to integrate it into a conversation irl soon
Crossovers are more popular in the states than passenger cars, Im assuming the Mercedes C class is the highest selling premium* passenger car in the states and the only one listed on that chart. Edit*
this shit isn't normal. the average age of CFOs in the DJIA is 55; the youngest is nike's at 46. this dude was only just promoted to VP two months ago! and he's coming into a situation where five VPs of Finance have left who reported to the now-departing CFO. the CAO brought on this summer immediately left. the CFO is leaving (announced at the very end of an earnings call, hilariously). the company is desperate for cash and just laid off 7% of its workforce and has completely stripped its capx. but i'm sure this guy's got it. this is a HUGE red flag.
The HC of the NFC champion Los Angeles Rams is 33 years old. Sounds like someone’s jelly they aren’t flying up the corporate ladder as fast as they’d like to.
The company now has 3.7 B in cash on hand. (this is after paying off 230 million in debt and China factory lease agreement, up from 2.2B two quarters ago) They have generated roughly 1.25 B in operating cash flow in each quarter since Q3 and will continue to do so for the foreseeable future which will cover capex expenditures going forward while also paying off debts comfortably. They spent 2.1B in capex ramping up the M3 this year and in just two quarters they generated enough to cover it (2.1 B) in operating cash flow. Cash is no longer a problem and the future looks pretty bright.
We can only hope. Lord knows we need to stay on fossil fuels as long as possible while not developing solar and battery technology simply because the CEO hurt the feelings of people shorting his stock. A man can dream.
i don't believe that cash is no longer a problem. yes, tsla has a lot of cash as of 12/31 but evidence suggests they operated without much cash through q4. and as tweet #6 states, they have big obligations coming. capex spending has fallen whether you look at it at absolute levels, as a % of revenue, or as a % of depreciation. An OpEd on Bloomberg writes about it a bit here: https://www.bloomberg.com/opinion/a...-earnings-incredible-shrinking-growth-machine tesla's said it's not investing in refreshing its x and s lines. it's not yet building the china factory. there's obviously nothing new yet with the y or the semi or the pickup. tesla isn't growing; it's not investing in itself and is in fact cutting its workforce in an effort to remain operating. we'll see what happens in the future as the market is more saturated.
Lol a lot of bullshit in there. Cash is no longer a problem they will be able to pay the March debt comfortably. Capital expenditures were 2.1 billion below last years 3.4 billion but still investing in itself just in a more efficient manner. R&D was up slightly on the year compared to 2017 at 1.46B. Wall Street wanted to see profits, They delivered. Construction on the China factory has already begun, the first solely owned auto factory in China, no joint venture bs. Products coming shortly: -Model Y is to be unveiled in March production next year -Truck in the Summer -Semi to begin production next year -AP HW3 chip -Supercharger V3 No one has a competitive EV on the market and nothing seems to be on the horizon. Maybe China.
As far as growth... 2017: 100,000 cars sold 2018: 240,000 2019: 360-400,000 projected In 2018 stationary storage deployments tripled, and are projected to double in 2019.
I think you should invest. LOL Elon Musk buying up all his own stock - nothing fishy at all about that. Can't raise capital with SEC breathing down your neck - just pump it up yourself.
Consumer Reports Top 10 most satisfying cars. Model 3 coming in at the top. Will be interesting to see what comes of this. If traditional manufacturers get into this I wish they’d at least attempt at making something cool like Porsches Taycan.
lol at tesla meeting all or even any of those production timelines. Congrats on being a superfan of an American corporation though. What a weird thing to be a fan of. Seriously, where did it all go wrong for you? You're doing Jerry Media-level PR work for a corporation while not getting paid. Congrats bro, living the dream
as somebody who would love to own a Tesla, but hear's the moaning about lack of product, explain to me like I'm 5 why Tesla can start to work on a new model when they cant supply the demand for the 3?
they aren't starting to work on anything. they're talking about starting to work on things. before you buy a tesla, read about all of the issues owners are having with regular service and issues they have if they are in an accident and need repairs. if you want an electric vehicle, buy the e-tron.
also, if you live in ohio, read the reports about battery drain and the door handles malfunctioning in cold weather.
Everyone knows that batteries drain faster in cold weather, that's expected and an issue with all electric cars.
cool. i dont really have a dog in this fight any more. just don't want someone to be stuck with a lemon they can't get fixed.
I like the E-tron too, but at stone-cold recommending a vehicle that hasn't even started customer deliveries yet.
if your audi needs service or is in a collision theyll be able to fix it. also, i just think the car looks about 50x better than the model 3. the model 3 looks like a mazda.
What m3 demand? It’s so low tesla wouldn’t even tout it on their quarterly calls. You can get an m3 whenever you’d like. Tesla is desperate to sell - that’s why they’re constantly lowering the price and offering sales incentives.
As far as owning a Tesla, do it if the situation is right for you. To me the main criteria are if you have the ability to home charge and live within a reasonable distance to a service center. You’ll get great enjoyment out of the car. As far as working on a product like model Y while ramping up production on M3. It doesn’t cost a bunch of capital to create a concept car. Costs will start occur when they start to buy manufacturing equipment for the model Y.
As far as cold, range is reduced 30-40% in real cold conditions due to energy diverted to heating the battery as well as the cabin. Worst trips for energy usage are in deep cold short trips without time for the battery to properly heat up. Thousands of people own Tesla’s in Norway, Canada, etc. and they do just fine in the cold. Again it all comes down to what your scenario is, at least it will always start in the cold.