I know I've said this over and over but it's hard to believe there is that much dumb money out there.

Tesla just proved they can't make money on record deliveries and then they cut prices again. There's nothing left except FSD.

the bull argument right now looks like it's almost entirely "positive FCF!!!" (see heltok's graph) with a little bit of FSD coming sometime soon

idk if july deliveries will even move the stock. it's shaping up to be worse than june (QoQ), worse than april (first month of Q), and worse than july 2018 (YoY). i know in q1/q2 bulls liked the YoY argument, but ya seems like they've all moved on and won't care about a decrease yoy since ofc free cash flow bro

Meh, there is always another carrot if you are a true believer.

But from observing the TMC forums it does seem a contingent of the core Tesla holders and S/X owners are wising up to Elon's shenanigans after being sheared a dozen times over last 1-2 years. Don't you think it is strange that such a large percentage of the conference call was devoted to service? Which should be entirely uncomplicated and noncontroversial? People are getting pissed off and Elon's handwaving didn't make anyone feel better.

There are going to be a number of analyst downgrades coming over the next couple weeks possibly accompanied by more price cuts if Tesla is feeling desperate about the order rate again.

Cognitive dissonance is a hell of a drug

The fact that they can't organize service logistics says it all really. They're a clown show with a toxic culture and a disorganized micromanaging CEO. And it's hit the top and bottom line; in Norway they went from high brand rankings to dead last among all car makers in a year as the service scandal hit mainstream newspapers; Norway's numbers have pulled down all Europe on S/X and forced large price cuts.

If you can't do basic service competently for 3% of the volume of a major car maker while losing billions of dollars, you're an incompetent clown who can't manage anything properly, and you sure as hell aren't going to get to autonomous driving first (or 20th for that matter) or beat the majors on cost or logistics.

https://robintrack.net/symbol/TSLA

https://techcrunch.com/2019/07/29/te...lled-megapack/

Tesla has a new energy product called Megapack

Tesla doesn’t even have enough battery production for its projected car sales.

This is why I have been saying all eyes should be on China now. It’s where the next burst of production and demand growth is. I think Wall Street recognizes that and knows everything between now and early next year is more likely than not just noise.

And lol at Tesla not being able to raise a few billion bucks to survive a few more years. They already got Chinese banks to commit so for all intents and purposes the Shanghai gigafactory is already funded.

Yeah they repack Samsung batteries then sell them below cost to generate revenue and headlines. It's a big loser/not a business.

Read the details on that China factory in yesterdays 10q

Looks like TS nailed baggie sentiment. I want to buy puts but it's aggressively trending upwards.

Why would you buy puts when the China factory and FSD will easily keep the bulls happy for the next year?

China factory - if Tesla isn't paying $400M in taxes by 2023, they lose the rights to the land it's on.

So U.S. subsidies funded a factory in China that their government could take over in a few years.

Also, looks like potential fleet sale. If true, it would boost Q2 deliveries numbers and decrease Q3:
https://twitter.com/orthereaboot/sta...71130600783874

Thats why I'm not buying puts

I do not understand this.

July deliveries potential bear catalyst next week.

This is the gift that keeps on giving

https://seekingalpha.com/article/427...-license-china

https://electrek.co/2019/06/12/tesla...-maxwell-tech/

"Tesla all but confirms it’s going to make own battery cells with new Maxwell tech"

https://forumserver.twoplustwo.com/s...postcount=9345

"BFI all but confirms despacito is a hired Tesla shill with new Maxwell tech"

Correcting a factual error != saying go buy the stock.

Labeling me a shill or a bull is glib and inaccurate -- and only reveals your bias and herd mentality.

If it looks like a duck, swims like a duck, and quacks like a duck, it's a duck.

Don't worry, I will guarantee you they are not about to introduce a real next-generation battery tech. Maybe they could start producing what already exists though.

I agree. It's unlikely they'll achieve significant innovation on batteries in the near future and instead will scale internal production of existing technology.

Maybe in the long run as Tesla acquires talent and expertise it will innovate but not holding my breath. They clearly want to do this but it's super difficult.

Those numbers are registrations, not sales. Important difference, especially if there was a big fleet sale at the end of Q2 in the Netherlands... https://twitter.com/bgrahamdisciple/...565328384?s=20

I was just reading about that. That might make more sense. Q2 sales jumped quick at end, then higher than expected registrations in July... big accounts receivable from one entity..