Only time I've opened the manual was because I left some cough drops in the glove compartment and it melted all over the manual so I had to figure out a way to clean it off.

I ended up giving up and throwing it away.

Who needs a manual when you can trust Elon (or their marketing)? Autopilot is safer than human drivers according to Elon. It has multiple redundancies built like collision and automatic braking. It has a 150 yard forward radar, side radars....zero chance of hitting a parked fire truck (or two) or cop car.

By the way, Tesla has killed 38 people since inception including bunches of pedestrians and cyclists, which is remarkable given the low number of the road, the fact that they are basically 2 ton trucks which makes it hard for the occupant to die, and that they're late model cars which are very very low death rate for many reasons (crumple zones, airbags, newly built so no mechanical flaws yet)

Musk claiming it's the safest car on the road is more pure fraud (there are multiple models with zero deaths at all even from years ago, with similar circulation numbers to all of Tesla's cars).

Don't look at the ads, read the manual:

How is this not grounds for a recall? Or a lawsuit?

It's bad enough I have to worry about people who text and drive. Now any Tesla could potentially swerve into me or cause some freak accident I get sucked into.

Because their ass is covered by legalese. It's technically a level 2 driver assist, lane changing with cruise control. That Musk dishonestly markets it as far more is outside the purview of the regulators it seems, as long as their ass is covered in manuals and official documents.

CR recommends TSLA model 3.

In your daily Tesla clownshow:

- Another Tesla crashes
- Another high level member of management leaves
- Consumer Affairs slams Tesla for not handing over data to customers in accidents, especially frequent unintended acceleration events, requiring a subpoena, while at the same violating the privacy of drivers to publicly release data on driver actions about high profile crashes.
- Softbank invested 2.5 billion dollars in GM's Cruise Automations, calling it very impressive, sending GM up 10% (who was it that told you two years ago that GM is far ahead, to laughter and claims I should shut up because I wasn't an expert?)
- Waymo signs order for 65,000 Chrysler minivans for expansion of its level 4 commercial ride hailing service
- UBS lays out in detail why Tesla's financial situation is extremely precarious, such that production levels don't even matter that much.

Nothing to see here, move along.

Tesla.com claim:
Tesla stock price makes NFLX valuation reasonable.

Given the valuation of TSLA, if I was short TSLA this would make me rethink my position. Hey I have doubts about TSLA too raising capital by taking on debt but everyone that is interested knows all of this.

^^
We know that it's a cult stock completely dependent on sentiment and not fundamentals.
But as is usually the case with mass delusions, reality will make appearance sooner or later.

bad to worse


Chinese solar power stocks plunge as government moves to contain industry size

According to Yahoo 64% of TSLA stock held by institutions. Similar to AMZN where 58% of the stock is owned by institutions. Institutional ownership is basically determining the valuation.

^^ would be interesting to know what % of shorts they hold

Only if they are buying or selling. If they are just sitting on it, only current buyers/sellers are setting the price. (Of course it's more complicated than that, but that is closer to the truth.) The institutions could think it's worth horse-piss and are just hoping the price goes up before they get out.

What will be interesting is the next round of funding. And they will need one. Soon.

Lol, cant post from phone but apparently tesla posted a chart about repair rate at SH meeting


With no numbers on the y axis

Who wants to guess if the chart was met with resounding applause?

Https://twitter.com/OzStomper/status...403470338?s=19

I love the "cumulative deliveries". Even if you are declining from month to month you can show your bars growing larger.

Holy **** that shareholder meeting was a disaster. I called peak cuck far too early. Musk looks like his father just beat him, he almost cried. Looks like a man under extreme stress and at the point of giving up and admitting it's hopeless.

https://www.tesla.com/shareholdermeeting?redirect=no

Of interest was this:



"Demonstrated a 500 cars per week capability" - which means they're producing far below that given that Musk does burst ramps for testing.

"It's quite likely that we will achieve a 5000 car per week by the end of the month" - place your bets
"It's been a hellish 6 months, but I think we're getting there"
"Model Y going into production about 2 years from now - mid 2020"
"Reveal is now in March 2019"

This is not happy news for the bulls. Musk looks destroyed, they're falling on the low end of production goals, and pushing out their prototype pump opportunities because they don't have capital.

Even better was the fact that he mentioned that there are actually TWO lines in operation at 24/7 to get their current production rate of 3500 cars/week, and that they were building a third line to get to their wonderful 5k cars/week. That's barely a takt time of 10 cars per line hour or 6 min per manufactured unit per line. That's worse than even what that Q1 analyst inferred from Musk's comments.

I've never heard of anything so horrendous. People who study LEAN are laughing their asses off right now. If this isn't the short of the lifetime scenario, then nothing is.

Stock was up 1% after hours. As usual, the fake news strikes, for example, The Verge:
None of this was said. Tesla is not making 3500 cars per week.

"Demonstrated a 500 cars per day capability" is the actual quote. Which means they are making far less than 3500/week.

Well, that screen cap says all lines are capable of producing 500 a day, so if they have three lines, that's 1500 a day, and 10,500 a week. Even with two lines it's 7,000 a week. I'm not saying they can produce that, but that's the most generous/ingenuous inference.

But for those saying this is the short of a lifetime, I don't know. It feels like things are coming to a head, but it's felt like that for years now. Tesla must be hemorrhaging tremendous amounts of cash, but again, that's been the case for years. If I had to set an over/under of when TSLA will be valued in the double digits, or when they'll file for chapter 11, or get bought out for ten bucks a share, I would feel I'm shooting in the dark. And I feel like any bear asked that in 2015 would have been proven to have vastly underestimated TSLA's buoyancy.

No, that's not all what they mean. They are producing about 2500/week and have demonstrated burst capacity to 3500/week.

If they could produce 7000/week with two lines (they had two lines), Musk would be doing backflips rather than looking like he just got beaten up. They max out at around 5K without putting in a second line, which will take a long time (end of year if lucky kind of long time). They had to scale back the capex spending because they simply ran out of money and for some strange reason (most think undisclosed SEC investigation, or other nasty facts they don't want to disclose), Musk hasn't raised capital even though they desperately need it and have had to scale back everything.

Apparently of the 11 questions taken from twitter 4 of the accounts had 2 followers or less and 2 had 0 followers.


One setup the non announcement announcement of GF china (pump!) The other was model 3 line related that allowed for a vague answer.

Thread here

https://twitter.com/skabooshka/statu...301223424?s=19

I only saw the first few minutes but Musk seemed shook. He was talking about how hard it is to succeed and how easy it is to fail in the industry. Maybe the rest of it was a complete 180 but I was expecting it to be neutral or negative on the stock. Really surprised to see this big of a rally.