This is an amazing statement. In it, Musk claims that Panasonic batteries at the Gigafactory have been the constraint on M3 production:



Obvious the liar and fraud is lying and defrauding again, but let's do some math anyway.

63 kWh average M3 battery pack. At 24 GWh/year of production, that a run rate of 396,000 cars a year, or 8000 cars/week. Tesla have been producing a bit under 5K/week, while

- Desperately hitting every single sales lead they can last two quarters
- Dropping prices of all models

Who do you believe, Musk or Panasonic?

Also today: claims that the upcoming Tesla autonomous investor day will "free Tesla owners from driving". Says to buy "Fully Self Driving" now because the prices will go up in May. In an interview, claimed Fully Self Driving will be done by the end of the year.

Desperate conman is desperate it seems. Why would you do all this crap, open yourself up to fraud charges and court sanctions, if you were selling plenty of cars?

He actually said "Tesla will free investors from the tyranny of having to drive their own car"

It's unclear exactly what he means but it might be an extension of this new narrative that Teslas cars are "appreciating assets"

As ridiculous as it all is, we all know that many members of the Church of Tesla will eat this stuff up, so can you really blame him?

Directly contradicting public claims made by Panasonic about 35 GWh installed, and going further and blaming Panasonic publicly for Model 3 delays, is just a very very stupid thing to do. Especially when it's obviously a lie.

He's straight out harming Panasonic's reputation - making them appear unable to meet supply obligations for even his small number of cars. This is the corporate equivalent of calling them a pedo. And even worse, he's doing that after they were pissed off enough at his lies and incompetence and demand problems to take the extraordinary step to publicly rebuke him in the media and withdraw investment. The Japanese will be furious with this tweet. If they're already at the end of their rope with him before today they'll be very upset on Monday.

This feels close to game over

This feels like (and clearly is) a hail mary scenario with the renewed pump of full self driving, realizing the revenue from its presales, and claims about autonomous car sharing and Tesla vehicles as an appreciating asset. If, and it's a big if, the market buys this new narrative, and this quarter's creative accounting tricks produce a marginal profit, the S&P500 pump gets back on, and Tesla is able to raise money through an equity/debt issue or by acquiring a cash rich company with TSLA's absurdly richly valued stock, this could destroy the deep out of the money puts for at least a couple years and make the straight equity short a lot less attractive.

That said, my money is still on TSLA being fu**ed, at least for now.

It definitely feels like he's scrambling a bit more than usual. After watching the thread and seeing the delivery numbers get predicted it really leads a lot of credence to the bear case. The long game is still there though. If miracle money can be aquired in the short term then this could drag on for years.

Option volume for yolo bk puts have increased over the last week

So the insane cuck is now claiming that Panasonic cell production limitations are the reason they had awful Q1 delivery numbers. Despite the fact that:

- They DROPPED prices, pushed hard on sales, etc. Weird thing to do if you're supply limited??
- You could order a Model 3 through all of Q1 and have it delivered in days

Note that even if it was 2/3 he's wrong - that's enough batteries for 74,000 M3 a quarter and in Q1 they only produced 63,000 and delivered 50,900.



What game is he playing here? Just a pathological liar who's desperately trying to grab back the narrative with his stock price in the toilet? It's not like he has good judgment (see: pedo, needlessly baiting the SEC, 'funding secured', etc)

Also produce less in Q1 than in Q4 so somehow capacity decreased when pana says it increased

The usual shills are out this morning

https://insideevs.com/musk-announces...-self-driving/

New report that Tesla conspired with Dutch official to games subsidies


https://twitter.com/andreas_hopf/sta...099523585?s=21

I can read Dutch, cliffs of the Dutch article:

*Dutch system for fiscal stimulation of EV sales is complex, and the calculation is managed by an external non-government partner, Revnext (which is a consulting company).

*Dutch government/Revnex misscalculated the adoption rate of EVs in the Netherland, which results in the fiscal cost being significantly higher than anticipated (article quotes 120% more sales than anticipated). Article also quotes that Tesla booked $1b in revenues in the Netherlands in 2018.

*Government representatives previously claimed that the Revnext calculation was validated by government entities, but this appears to be false. Revnext on its own created the fiscal stimulation used by the Dutch government for stimulating EV sales.

*The article also speculates that the Revnext-contract was awarded using a non-standard tender process (this is important in EU economies, governments need to follow a regulated tender process).

*The article speculates that Tesla is also a client of Revnext, which looks sketchy AF.

*The article speculates that the calculation generated huge fiscal advantages for expensive Teslas. 25k EVs were sold in the Netherlands in 2018, and they will receive €700 million of fiscal advantages over the next 5 years. This is €28k / car, but apparantly goes up to €70k / car for the most expensive Teslas.

*The net expense for the Dutch government is speculated to be massively underestimated.


If you add up everything that is speculated this looks sketchy AF. But no major proof yet. If the Revnext stuff is true, huge incompetence by the Dutch government officials at best, fraud at worst.

Within 24 hours musk has


-Blamed pana for poor production numbers
-doubled down on 500k cars this year


Skabooshka also reporting that Fremont is now producing both NA/EUro/China cars within same week, hinting that euro backlog is in fact, gone

Thanks

Musk and Tesla already got Chinese banks on the hook. He's getting his billions to expand Shanghai, even if those billions turn out to be more like 4 billion than 2 billion.

Where did he double down on 500K? If so, that's amazing. They produced 77K vehicles in Q1. That leaves 423K vehicles over 3 quarters = 141K vehciles per quarter = 10,800 cars/week every week starting 2 weeks ago. Even the dumbest bulls don't believe they'll do that.

He also said this:
He's basically using Trump PR tactics - hit hard at anyone who attacks you, claim they're driven by nefarious interests.

Double down was here?

Ok, so it was "in the next 12 months", not in 2019. Still a lie but it makes a big difference. And is material information obviously without safe harbor warning disclaimers.

He's claiming 500k in the next 12 months, not in 2019. Still outlandish obviously.

So is he now backing off of the corrected then reaffirmed 500k in 2019 tweet? Most recently stated to be true last week after exiting the courtroom.

This is quite a meltdown. SEC negotiations broke down on Friday or other bad news coming down the pike this week?

but how many will they sell?

Why sell them? Just put them on the balance sheet as appreciating assets and record 5% per quarter appreciation. Profitability issues solved.

Good point! They could also just enable self-driving mode with a simple software update at anytime and become their own autonomous taxi company with the fleet as well.

Sorry should have clarified, it’s still 125k per q for 4 straight q

Elon is talking more and more about cryptocurrency, I cannot wait for the tesla ICO

Elon has what some people in in startups call SOS, shiny objects syndrome.

He's bored. He's literally boring (crying?) to kill his boredom.

He wants to move onto his next project but he's stuck with working out the logistics and production of Tesla.