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Tesla’s Revenues +2%, Auto Revenue +0.7%. Net Income Plunges 25%. Without....

WyattEarp

Well-known member
May 17, 2017
5,927
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First, this seems like this started with a classic short squeeze where the investors who shorted the stock had to scramble to cover their positions. This created false momentum that brought in other buyers who thought the train was leaving the station.

More importantly, it appears we are in the midst of another tech bubble. Those of us who remember the late 90s remember people saying that profits and cash flow didn't matter. The tech crash hit in 2000. There were only a couple companies that survived that period with long-term runs.

Still people don't want to miss out on the what they think could be the next Amazon.
 

Mishman527

Well-Known Member
Dec 29, 2016
330
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Perhaps some Chinese stocks are down because of the corona virus. Might be a good time to buy.
 

|2 /-\ | /|/

Well-known member
Mar 5, 2015
6,515
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What's your point? Google stock started at $85. It's now $1,435. I still wouldn't buy a Tesla.
Yes you will, however now you just don’t know it yet.

A ban on selling new petrol, diesel or hybrid cars in the UK will be brought forward from 2040 to 2035 at the latest, under government plans.
https://www.bbc.com/news/science-environment-51366123
This will eventually come here as well in one form or another. If not the price of gas will be so high that owning an ICE car will not make sense anymore.

Also their stocks are doing crazy things in the last few days. Example it went up past 900 yesterday and now is down to 764. It’s still a great investment for regular folk because of all this instability provided you hit it at the right time. Their potential is higher then Amazons IMO.

I had my investment 4.7x in under a year. Could be easy money for other terbites.
 

glamphotographer

Well-known member
Nov 5, 2011
15,960
15,687
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Canada
Tesla is the future. For those who had the vision to believe it and bought stocks congrats. Yet there are those that say it will go bust. The same was said about Facebook, Amazon, eBay, google, etc.
 

VERYBADBOY

Active member
Dec 22, 2003
5,369
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Back in the 6ix
Lots of you are forgetting about the options market which has gone wild over the past months. The short traders tend to hedge their downside with a call option. Then they're the guys doing option spread deals ... the real money is being made on the options contracts, with the stock rising as fast as it is, or dropping, lots of money is changing hands for a fraction of the stock price.

VBB
 

GameBoy27

Well-known member
Nov 23, 2004
12,550
2,427
113
Tesla is the future if everyone is to become affluent
in the future.
What, Tesla doesn't make a $15,000 car? lol

Is Tesla investing in hydrogen technology? Because if Governments ban the sale of ICE vehicles, then they're going to need something besides lithium to power all the vehicles.
 

|2 /-\ | /|/

Well-known member
Mar 5, 2015
6,515
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What, Tesla doesn't make a $15,000 car? lol

Is Tesla investing in hydrogen technology? Because if Governments ban the sale of ICE vehicles, then they're going to need something besides lithium to power all the vehicles.

Tesla China shares rendering of Compact EV smaller than Model 3 in job posting

https://www.teslarati.com/tesla-is-hiring-designers-to-create-chinese-style-electric-vehicles/amp/
They are working on a smaller mode in China. They started with luxury and are slowly reducing their prices and improving their efficiency. I.E. Cybertruck base the same price and mode 3 base.

What makes you think they will run out of battery resources and technology to meet the demand? They acquired Maxwell and set up partnerships with CATL, LG, and Panasonic.

Tesla completes acquisition of Maxwell, officially takes over the battery technology
https://electrek.co/2019/05/16/tesla-completes-maxwell-acquisition-battery-technology/

Tesla’s deal with CATL as Giga Shanghai’s battery supplier officially confirmed
https://www.teslarati.com/tesla-catl-giga-shanghai-partnership-confirmed/

Tesla Partners With LG Chem And CATL For EV Batteries

https://insideevs.com/news/395842/tesla-partners-lg-chem-catl-ev-batteries/

Panasonic announces first quarterly profit at battery business with Tesla
https://www.tesmanian.com/blogs/tes...arterly-profit-in-battery-business-with-tesla

Phase-out of fossil fuel vehicles

13 countries and about 20 cities around the world have proposed banning the future sale of passenger vehicles powered by fossil fuels such as gasoline, liquefied petroleum gas and diesel. These include China (the largest auto market globally), Japan (the third largest auto market globally) that has comprehensive plans for a "hydrogen economy" by 2040[1], South Korea, Taiwan, also the EU auto market nations of Denmark, Sweden, Norway, Germany, France, the Netherlands, Spain, and Portugal, as well as Costa Rica in Central America. The intent to ban vehicles powered by fossil fuels is attractive to governments as it offers simpler target compliance[2]

https://en.wikipedia.org/wiki/Phase-out_of_fossil_fuel_vehicles
They are also building Giga factories all around the world and are planning to do more. 3 in USA, 1 in Europe and 1 in China. I would say they are well aware of the demand, constraints and have a good business plan and strategy to tap into deletion of ICE vehicles. Epson Musk is creating the Giga Factory into a cookie cutter product and improving efficiency with each iteration.

Tesla will never invest in hydrogen technology for their vehicles as confirmed by Elon.
 

GameBoy27

Well-known member
Nov 23, 2004
12,550
2,427
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They are working on a smaller mode in China. They started with luxury and are slowly reducing their prices and improving their efficiency. I.E. Cybertruck base the same price and mode 3 base.

What makes you think they will run out of battery resources and technology to meet the demand? They acquired Maxwell and set up partnerships with CATL, LG, and Panasonic.

Tesla completes acquisition of Maxwell, officially takes over the battery technology
https://electrek.co/2019/05/16/tesla-completes-maxwell-acquisition-battery-technology/

Tesla’s deal with CATL as Giga Shanghai’s battery supplier officially confirmed
https://www.teslarati.com/tesla-catl-giga-shanghai-partnership-confirmed/

Tesla Partners With LG Chem And CATL For EV Batteries

https://insideevs.com/news/395842/tesla-partners-lg-chem-catl-ev-batteries/

Panasonic announces first quarterly profit at battery business with Tesla
https://www.tesmanian.com/blogs/tes...arterly-profit-in-battery-business-with-tesla



They are also building Giga factories all around the world and are planning to do more. 3 in USA, 1 in Europe and 1 in China. I would say they are well aware of the demand, constraints and have a good business plan and strategy to tap into deletion of ICE vehicles. Epson Musk is creating the Giga Factory into a cookie cutter product and improving efficiency with each iteration.

Tesla will never invest in hydrogen technology for their vehicles as confirmed by Elon.
I'm not talking about factories manufacturing batteries, I'm talking about lithium reserves. Unless they can recycle them.

http://www.ukerc.ac.uk/network/network-news/guest-blog-is-there-enough-lithium-to-supply-increased-battery-demand.html
 

|2 /-\ | /|/

Well-known member
Mar 5, 2015
6,515
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I think they will address these concerns on their battery day and investors day event happening sometime in April. According to Elon they have some new exciting battery technology to present.

One would think they would be aware of these constraints in supply and be aware of other battery technology in development especially given the empire Elon is trying to build at the backbone of Tesla.

But good question nevertheless. Hopefully we are smart enough not to put ourselves in that situation again. I don’t know the answer to this question.

Here are some sustainable alternatives:
https://interestingengineering.com/a-long-lasting-sustainable-battery-could-be-around-the-corner

1. Aluminum batteries would be better for the environment
2. Adding molybdenum and sulfur to the mix could be the answer
3. Titanium-nitride could be a good replacement for current lithium-based electrolytes. This is a ceramic-like material that happens to show high electrical conductivity.
-Graphite is also readily used as the cathode in sustainable battery solutions like aluminum batteries. The team found they could replace graphite with a chain-like hydrocarbon called polypyrene.

Therefore it’s not a dead end. There are other options and new ones are always being developed.

I'm not talking about factories manufacturing batteries, I'm talking about lithium reserves. Unless they can recycle them.

http://www.ukerc.ac.uk/network/network-news/guest-blog-is-there-enough-lithium-to-supply-increased-battery-demand.html
 

|2 /-\ | /|/

Well-known member
Mar 5, 2015
6,515
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Tesla (NASDAQ:TSLA) short selling was temporarily restricted by the Securities and Exchange Commission (SEC) until markets close on February 6 . The decision was made in accordance with the SEC's Rule 201, also known as the Uptick Rule.

https://www.tesmanian.com/blogs/tesmanian-blog/tesla-tsla-short-selling-rule-201-sec

If you put in google search “should I ....” it will suggest “...buy Tesla stock.” as the first suggested. Try it lol


This Tesla stock is becoming a hot potato lol
 

shack

Nitpicker Extraordinaire
Oct 2, 2001
46,963
8,119
113
Toronto
Anybody have any idea of what specifically got BS banned?
 

nervousintheservice

nobody cares
Oct 1, 2010
546
541
93
I'm not talking about factories manufacturing batteries, I'm talking about lithium reserves. Unless they can recycle them.

http://www.ukerc.ac.uk/network/network-news/guest-blog-is-there-enough-lithium-to-supply-increased-battery-demand.html
If every car were to somehow magically become electric within the year, we wouldn't have enough electricity to run them all. Rechargable batteries are not a long term solution, unless you expect governments to build more nuclear power plants. Which costs billions of dollars, at the same time as gasoline cosumption becomes low, and the tax revenue from said gasoline becomes almost zero. Nice future you have there.

Not happening. Not in this country anyway, at least not unless there's a major breakthrough in fuel cells tech or fusion power generation.

Or maybe they'll have to implement some kind of new tax on rechargeable car batteries, to offset the lost gas tax?
 
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