Tesla

Discussion in 'The Mainboard' started by TheFreak55, Apr 29, 2015.

  1. Gallant Knight

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    The S is actually a luxury vehicle

    The Model 3 is an electric corolla
     
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  2. Doc Louis

    Doc Louis Well-Known Member
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    That environmentally friendly Ash wood inlay and different wheels really add a lot to it
     
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  3. texasraider

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    I'd probably be a buyer if the 3 wasn't so ugly
     
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  4. Open Carry

    Open Carry TMB Rib Master
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    I’m building a hotel now in Atlanta that will have chargers. Not superchargers as they were an afterthought and now it’s too late in construction to add the necessary electrical infrastructure. The next hotel that will be built adjacent to this one will have superchargers.
     
  5. ksim14

    ksim14 Well-Known Member

    So I'll make my point and we can move on.

    1. January-June of last year was rough sorting out production. Once they figured it out from June till December, their cash position improved from 2.2 Billion to 3.68 Billion even after paying a 230 million debt obligation in Nov and posted 450 million in profits (which as an investor I wish they would stop focusing on profits) between the 2 quarters. Why? because they started producing cars efficiently, new battery lines, etc.

    2. If they wanted/needed to cash they would have already done a capital raise to pay their 920 million dollar debt obligation. They paid it in cash because they can. No bank or investment firm would say no to giving them more cash if they needed it.

    3. If everything went batshit south at the very least every automaker in the world would try and buy Tesla, why? They have their own battery factory and 3 compelling EV's already. It would be like Jeep to FCA.

    Yea I more ment a local service center cause I figure you'd set up home charging.

    ** Sidenote: I'd look into what EV tax breaks the state of Florida has, just an FYI I think the Federal gov tax break of $3750 gets halved on June 1st or July 1st. Assuming you are eligible for it.
     
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  6. dblplay1212

    dblplay1212 Well-Known Member
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    Not familiar with the credit. Why would I not be eligible?
     
  7. ksim14

    ksim14 Well-Known Member

    Because its a tax credit, I don't know what your tax situation is. End date is 6/30 for the $3750 rebate, then it will be halved to $1875 till the end of the year then its gone.

    These are the Florida EV breaks I see. Plus you'd be eligible for the HOV lane.
    Screen Shot 2019-03-08 at 10.48.03 AM.png

    https://www.edmunds.com/fuel-economy/the-ins-and-outs-of-electric-vehicle-tax-credits.html
     
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  8. texasraider

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    As someone who spends $200/month on tolls, that would get me to buy one but sadly Texas doesn't offer it.
     
  9. dblplay1212

    dblplay1212 Well-Known Member
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    Yea south Florida is littered with tolls. Don't really have them up here in Jax as of now but they've been working on one that's going to be the main highway by my house. There will be a no toll option though. The toll will just the fast lane I guess.
     
  10. Bo Pelinis

    Bo Pelinis WE GO HARD ON EARTH
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    1.9 0-60 and supposed to run 8s in the quarter mile. That's ridiculous. Like, faster than cars that cost 4x that much.
     
  11. dblplay1212

    dblplay1212 Well-Known Member
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    So no hooker with blow? I'm out.
     
  12. Bo Pelinis

    Bo Pelinis WE GO HARD ON EARTH
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  13. Tiger Tiger Woods Y'all

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    Neither of them are luxury vehicles.
     
  14. Joe_Pesci

    Joe_Pesci How can less be more? It's impossible
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    dbl spent all day yesterday scolding people for being sideline fanboys and then just today learned what a model s costs

    i don't even know what to say. this is a new low/high
     
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  15. dblplay1212

    dblplay1212 Well-Known Member
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    I knew a ballpark but I'd never built one. I was building Grand Cherokees so figured I'd do a Tesla. I've never said anything bad about the cars themselves. I appreciate them for pushing the auto market as a whole. That doesn't mean I can't be critical of Musk and the company or point out that they aren't practical yet for a lot of people. Some people struggle with being able to do that.
     
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  16. Handcuffed

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    not to beat the charging discussion further into the ground but the to-be-released-by-the-end-of-2019-maybe porsche taycan supports 350 kW charging and Electrify America has started building those stations (and Porsche themselves have announced they'll invest in building more).

    I guess it'll remain to be seen if Tesla could via a software patch have their vehicles use 350 kW chargers or if it's a physical limitation.
     
  17. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    Hookers and blow are standard with most quarter million dollar automobiles.
     
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  18. stangd

    stangd I love scotch. Scotchy, scotch, scotch
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    So how stable is Tesla right now? I mean with laying off people, shutting down store fronts and closing service centers....I’ve been thinking about one, but just not sure.
     
  19. Open Carry

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    I’d buy one now if they had an affordable suv :idk:
     
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  20. ksim14

    ksim14 Well-Known Member

    I'll give you my opinion, I'm an investor to disclose any potential biases but you can determine if what I'm saying makes logical sense yourself.

    The headlines are more sensationalized then whats actually going.

    -They've had data that 80% of folks order their car online with 78% doing it without a test drive. They had something like 300 stores, which apparently accounted for 20% of sales. So they decided to close some, NOT all like some media has reported so far its resulted in about 30 store closures. This is a move in efficiency and reducing overhead, all sales will be done online.

    -They are looking to EXPAND service centers not close them. Elon has stated this is his biggest goal for 2019 multiple times and they are making positive steps forward with this. (See the new North American parts distribution being built in Lathrop, CA)
     
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  21. stangd

    stangd I love scotch. Scotchy, scotch, scotch
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    Love the X, wish it was more affordable.

    Played around in my buddies 3, it’s pretty impressive.....the technology is pretty damn awesome.
     
  22. stangd

    stangd I love scotch. Scotchy, scotch, scotch
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    Thanks

    I can understand when it came to store fronts, I was more worried about the closing of service centers. Thinking I’ll end up pulling the trigger for 3, they have some ready to go in Tampa.
     
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  23. Handcuffed

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    i would definitely wait.

    TSLA itself seems to be in complete disarray. they announce they're closing their stores and, just today, reverse that decision (though it's officially unannounced) as it comes out they hadn't figured out that you can't just up and break your leases (and that they in their 10-k write about how important their stores and galleries are...). they've had multiple rounds of layoffs over the last year and are reportedly cutting hours of contractors and other part-time staff. they've had dozens of senior leaders leave within the last year+. and that's ignoring elon's blowup on twitter. i believe they're cash-strapped and struggling to sell cars this quarter.

    but more imporantly, you'll have far more options from other car makers next year. mercedes, volvo, jaguar, porsche, and the asian companies are all set with 2020 models.
     
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  24. ksim14

    ksim14 Well-Known Member

    Also I forgot to note this move also means they don't have to deal with dealership laws across the united states anymore.

    States where Tesla can operate

     

    Attached Files:

  25. ksim14

    ksim14 Well-Known Member

    Yea, also heres source info for my statements regarding service below.

    Elon from the Q4 earnings call:
    "I want to note that one of our major priorities this quarter is improving service operations. So really, from my standpoint, when I think about what my priorities are this quarter, it's improving service in North America. That's number one. "

    https://www.nasdaq.com/aspx/call-tr...k-on-q4-2018-results-earnings-call-transcript


    From the 35k Model announcement call and call announcing store closures:
    Screen Shot 2019-03-08 at 5.31.33 PM.png
    Link to webcast: https://edge.media-server.com/m6/p/np3w4yib
     
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  26. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    I know these companies all want proprietary tech, but it'll be good for all if they can get on the same "platform" or some kind of uniqueness where all the charging stations work for all
     
  27. Handcuffed

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    the counter to this, though, is that musk talked about fixing this problem in the fall and hasn't yet despite giving a timeline that says he should have already. (never mind the hilarity of a car manufacturer not realizing it will need to service its cars...)



    http://www.thedrive.com/tech/26173/tesla-service-center-expansion-stuck-in-infrastructure-hell

    he's a known bullshitter. when Tesla couldn't produce and deliver its cars properly, he talked about building his own fleet of delivery trucks. he's tweeted some horseshit about turning the next generation of the roadster into a literal flying car. he lied about the buyout for tsla. he's lied about "full self driving" and tesla has actually had to edit their website this week. he's lied about dozens of other things.

    what makes anyone think he'll follow through here? especially considering how quickly they announced (and then reversed? maybe?) their decision on the galleries and stores? what if, a year from now, tesla decides to close service centers and move towards a 100%-mobile service center strategy?
     
  28. stangd

    stangd I love scotch. Scotchy, scotch, scotch
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    The mobile service center idea is interesting, my buddies taillight needed to be replaced, instead of having to drive all the way to Tampa to get it done, they came to his house and fixed it. He was happy with that....
     
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  29. ksim14

    ksim14 Well-Known Member

    They also said this would take months to decide what stores to close.

    You bang this drum constantly but havent shown any facts to support your claim

    None of these are competitors specs wise or price wise. Also none are American made.

    -the polestar only going to launch in California and Washington in 2020 first costing 63k
    -Jaguar Ipace is a nice looking car but has terrible power consumption and range also costs 69k
    -Porsche may have something with the Taycan but are making maybe 20,000 units (for reference Tesla makes 100k S&X yearly)
    -None of these other cars have even started, have terrible specs, cost too much, will only produce a few

    Even a German source for how behind Europe is
    https://electrek.co/2019/02/09/tesla-model-3-cost-surprise-porsche-audi-reverse-engineering/
     
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  30. ksim14

    ksim14 Well-Known Member

    Ah Ed Nedermeyer.

    For one Elons tweet was about geographic service coverage not # of service centers.

    In that article you provided from January some of the service center locations Ed discusses have already opened, some are still under construction, and some seem to be dealing with state legal issues like NJ/NE.

    Additionally the North American parts distribution center is physically being built with job openings on the website so thats a focus on parts for repairs and body damage. They've opened some new body shops since sept and have openings for service techs and mobile rangers.

    Also part of service is communications, which they needed to improve. They've started to offer self scheduling appts in areas where they pick up your car at work or home and take it in for repairs or repair it there etc.

    Is there room for improvement? Yes, but they've acknowledged it and are working towards it.

    He's been off the mark on certain calls but lately he's been much better with timelines: Model Y reveal, 35k Model 3 announcement, back to back profitable quarters, no cap raise, Supercharger V3, etc.
     
  31. Gallant Knight

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    Elon looks great

    Watch this
     
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  32. Handcuffed

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    a really good article on the general mismanagement of tesla retail operations:

    https://jalopnik.com/tesla-employees-call-bullshit-on-online-sales-claims-am-1833201246

    i'll highlight this portion as it was discussed a few days ago

     
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  33. ButchCassidy

    ButchCassidy Still Champs of 2015
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    Is the price increase on basically everything but the bottom bitch 3 a shock to anybody?
     
  34. Gallant Knight

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    They’re making it up as they go along
     
  35. ksim14

    ksim14 Well-Known Member

    No, if they are no longer closing as many stores.
     
  36. BP

    BP Bout to Regulate.
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  37. dblplay1212

    dblplay1212 Well-Known Member
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  38. Gallant Knight

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    Anyone who pays a $20,000 deposit for a Tesla semi deserves to lose that money
     
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  39. ksim14

    ksim14 Well-Known Member

    The drum he really bangs is about demand this quarter, and if so this purchase to have more trucking power seems bullish in a demand respect.

    As far as the contract negotiated over shares vs cash who knows. Maybe they feel tight this quarter because of paying back debt, severance packages, and less deliveries due to switching to international. The difference is Handcuff is preaching no deliveries and bankruptcy imminent.
     
  40. Gallant Knight

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    Lol Jesus Christ

    He purchased the trucks because he tweeted out a lie last year that Tesla was buying trucks. This was to avoid another raid charge

    Buying in stock vs cash is bearish no matter how you look at it

    If you have “2.5 billion” in cash you don’t pay 14m in stock unless you think your stock is overpriced
     
  41. ksim14

    ksim14 Well-Known Member

    Lol shocker a car company buys some trucking transport shit. Wait he actually did what he said he was going to? Must be because “another raid charge” is coming

    Yea that’s all logical.
     
  42. dblplay1212

    dblplay1212 Well-Known Member
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    This was my takeaway.
     
  43. Handcuffed

    Handcuffed TMB OG
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    saw this on twitter this AM

    https://www.perseid-capital.com/blog/2019/03/12/tesla-cashflow-projection/

    thought it was an interesting analysis
     
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  44. ksim14

    ksim14 Well-Known Member

  45. Gallant Knight

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  46. Gallant Knight

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    is he going to do that before or after the tunnel in chicago from downtown to o'hare or the tunnel to dodgers stadium? or the tunnels on the east coast for which he has "verbal government approval"
     
  47. ksim14

    ksim14 Well-Known Member

    Chicago won’t happen since the old mayor who liked the project isn’t running for re-election, the two candidate favorites don’t seem to be interested in it.

    https://www.theverge.com/2019/3/6/18252302/boring-company-las-vegas-dig-plans-2021

    This smaller Las Vegas project will be interesting.
     
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  48. Handcuffed

    Handcuffed TMB OG
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    Y I K E S



    when you've lost Fred, you've lost
     
  49. Gallant Knight

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    But they have “3 billion” in cash!
     
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  50. ksim14

    ksim14 Well-Known Member

    "3.6 Billion" * probably in the 2's now after the debt payment.

    Looks like this lay off according to the article is 150 people.
     
    #3300 ksim14, Mar 12, 2019
    Last edited: Mar 12, 2019
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