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TSLA showing cracks? TSLA showing cracks?

07-06-2016 , 01:54 PM
http://www.detroitnews.com/story/bus...rash/86752210/
Quote:
Tesla Motors Inc. says it has “no data to suggest that Autopilot was engaged at the time” of a July 1 crash in Pennsylvania involving two Michigan residents.

The remarks from the Palo Alto, California-based company follow a Wednesday report that Southfield art gallery owner Albert Scaglione told police his 2016 Tesla Model X was in the driver-assistance “Autopilot” mode when it crashed and rolled over on the Pennsylvania Turnpike Friday.
TSLA showing cracks? Quote
07-06-2016 , 06:16 PM
Quote:
Originally Posted by heltok
We'll see if this one goes through:
https://bitbet.us/propositions/
cool, thanks for doing that. i see it is pending now.
TSLA showing cracks? Quote
07-06-2016 , 07:05 PM
Quote:
Originally Posted by grizy
TS is right with the facts but the idea that Tesla is demand limited despite Tesla's waiting lists/time getting longer and longer is just silly.

Demand growth is outpacing supply growth (and supply is growing at ~100%/year) at Tesla. That alone will keep the firm afloat for quite a while.
Whats keeping the company afloat isn't cars...
Date Shares Outstanding
Dec. 31, 2011 104.53M
Dec. 31, 2012 114.21M
Dec. 31, 2013 123.09M
Dec. 31, 2014 125.69M
Dec. 31, 2015 131.42M
Juli 06, 2016 147.28M
TSLA showing cracks? Quote
07-06-2016 , 07:24 PM
Quote:
Originally Posted by BooLoo
Whats keeping the company afloat isn't cars...
Date Shares Outstanding
Dec. 31, 2011 104.53M
Dec. 31, 2012 114.21M
Dec. 31, 2013 123.09M
Dec. 31, 2014 125.69M
Dec. 31, 2015 131.42M
Juli 06, 2016 147.28M
I'd bet cars have something to do with Elon's past ability to raise billions in capital at favorable valuations.
TSLA showing cracks? Quote
07-06-2016 , 07:59 PM
Quote:
Originally Posted by BooLoo
Whats keeping the company afloat isn't cars...
Date Shares Outstanding
Dec. 31, 2011 104.53M
Dec. 31, 2012 114.21M
Dec. 31, 2013 123.09M
Dec. 31, 2014 125.69M
Dec. 31, 2015 131.42M
Juli 06, 2016 147.28M
One of my main games is short selling stock promotions, pump and dumps, and parabolic microcaps. One of the first I ask is how much do they dilute? TSLA starting to fit the bill

So in reality it's not that far off market cap highs
TSLA showing cracks? Quote
07-07-2016 , 04:50 AM
Interesting semi-well-done comparison of semi-autonomous driving systems.
http://www.motortrend.com/news/testi...ndai-mercedes/




Quote:
Hyundai/Route 241
Autonomous Steering Hyundai Genesis
33 PHOTOS

Number of times touching the wheel ……………..141

Proportion of time touching the wheel …………11%

Mercedes/Route 241
Autonomous Steering Mercedes AMG S65
33 PHOTOS

Number of times touching the wheel …………..140

Proportion of time touching the wheel ……….10%

Tesla/Route 241
Autonomous Steering Tesla Model S
33 PHOTOS

Number of times touching the wheel ……………..22

Proportion of time touching the wheel …………2%

Hyundai/Santiago
Autonomous Steering Hyundai Genesis Santiago
33 PHOTOS

Number of times touching the wheel……………148

Proportion of time touching the wheel……….28%

Mercedes/Santiago
Autonomous Steering Mercedes AMG S65 Santiago
33 PHOTOS

Number of times touching the wheel…………….113

Proportion of time touching the wheel………..29%

Tesla/Santiago
Autonomous Steering Tesla Model S Santiago
33 PHOTOS

Number of times touching the wheel……………..12

Proportion of time touching the wheel………0.5%
TSLA showing cracks? Quote
07-08-2016 , 06:47 AM
Tesla pretty clearly has best in class self driving. I don't think this topic is really debatable. There is literally nothing that points to this not being the case. Obviously this might change with Baidu/Google rolling out their tech at some point. But its very difficult to make the assumption that their technology works any better (or at all. IIRC both still have major issues with real time environment processing)

Something far more interesting is the deceptive nature of Tesla's disclosure of a material event (as stated by Musk) in advance of a fundraise. This is obviously bush league amateur scam ****, but does it constitute meaningful fraud?

http://fortune.com/2016/07/06/tesla-...ceo-elon-musk/

I think the people that openly claim Musk run businesses are operated as transparently and ethically as "normal" businesses are just totally off their rockers. He has a long history of dubious behavior which is now descending into clown behavior. Tho considering his cult following and his ability to raise money for unprofitable businesses. It is hard to say that his path isn't optimal. Similar to Madoff.
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07-09-2016 , 04:43 PM
I don't have any skin in this game, but some of the logic from the tesla bulls in this thread is baffling.
TSLA showing cracks? Quote
07-10-2016 , 04:45 AM
Model 3 looking great:
TSLA showing cracks? Quote
07-10-2016 , 09:03 PM
https://twitter.com/elonmusk/status/...982843392?s=09
Quote:
Working on Top Secret Tesla Masterplan, Part 2. Hoping to publish later this week.
TSLA showing cracks? Quote
07-11-2016 , 04:32 PM
http://www.wsj.com/articles/sec-inve...ach-1468268385

SEC Investigating Tesla for Possible Securities-Law Breach

SEC investigates Tesla for possible securities-law breach for not telling investors of Autopilot crash
TSLA showing cracks? Quote
07-11-2016 , 05:00 PM
This isn't the first, nor will it be the last time that Elon is under federal investigation. He likes to play loose with the rules and has built some reasonably large businesses doing so.

Regardless, when you clearly violate "boilerplate" disclosure language in your own quarterly filings you dun goofed. Wish he would just clean up his act instead of getting lumped in with Theranos as Tesla has some reasonably promising technology. Obviously the world's leading deployed self-driving technology.
TSLA showing cracks? Quote
07-11-2016 , 05:31 PM
Quote:
Originally Posted by heltok
anyone have an idea what this may be?
TSLA showing cracks? Quote
07-11-2016 , 05:54 PM
Quote:
Originally Posted by WorldBoFree
anyone have an idea what this may be?
A good start is to look at the Masterplan 1.0:
https://www.teslamotors.com/blog/sec...me?redirect=no
Quote:
  • Build sports car
  • Use that money to build an affordable car
  • Use that money to build an even more affordable car
  • While doing above, also provide zero emission electric power generation options
  • Don't tell anyone.
Elon commented some theory:
https://twitter.com/elonmusk/status/752272158517112835
Quote:
Elon MuskVerifierat konto
‏@elonmusk Elon Musk Retweeted Jigar Shah
Something like that
The linked article:
https://www.linkedin.com/pulse/bulli...ger-jigar-shah
Quote:
Today, the solar only package isn't cost effective in all 50 states. Solar power sold with loan products could be cost effective and legal to deploy in about 20 states representing about 50 percent of the US population. On the other hand, Tesla’s Model 3 offering is cost effective to anyone in the market. The average American spends over $9,000 per year on each vehicle they own – including car payments, insurance, fuel, and maintenance. This is almost $800/month, far more than the fully burdened cost of a new Tesla Model 3. If there was a combined solar ($20K), EV ($30K), and efficiency ($5K) package SolarCity could cost effectively sell into all 50 states.


So how big is the market for this package? Today, 1 out of every 7 homes in Australia has solar on their roof. This transition spanned 2009-2014. With over 60,000,000 eligible US households, if Tesla/SolarCity could help the USA match the solar penetration of Australia, you would achieve an initial package revenue of over $470B – more if the Model S were substituted for the Model 3. There is no reason to believe that the solar industry couldn’t achieve the same market penetration in the USA by 2021.


Assume the target households pay an average of $200/month for their electricity/gas bill and $800/month to own, fuel and maintain their car. Tesla/SolarCity could provide a 20-year loan to customers with a payment starting at $900/month (initial savings of 10 percent) for the next twenty years. At an average interest rate of 11 percent across their consumer base, consumers could afford a $100K package. This would include a solar system, energy efficiency, multiple cars, and all of the maintenance and other services over 20 years. The gross margins for the company should be at least 20% on the first costs and 50% on the additional services.

Last edited by heltok; 07-11-2016 at 06:13 PM.
TSLA showing cracks? Quote
07-11-2016 , 09:22 PM
Quote:
Originally Posted by jb514
One of my main games is short selling stock promotions, pump and dumps, and parabolic microcaps. One of the first I ask is how much do they dilute? TSLA starting to fit the bill

So in reality it's not that far off market cap highs
Apple diluted the entire time Jobs was there. However, this was mainly to pay off employee stock options.

Autonomous driving seems so dangerous to me. Seems they would be better off trying to eliminate the side mirrors. Sensors and cameras could tell you if anything are in the lanes around you.

Last edited by steelhouse; 07-11-2016 at 09:32 PM.
TSLA showing cracks? Quote
07-11-2016 , 11:45 PM
Quote:
Originally Posted by donfairplay
http://www.wsj.com/articles/sec-inve...ach-1468268385

SEC Investigating Tesla for Possible Securities-Law Breach

SEC investigates Tesla for possible securities-law breach for not telling investors of Autopilot crash
Did you read this part of the article:

Quote:
Adam Pritchard, a law professor at the University of Michigan and former SEC attorney, said he would be “very skeptical” a court would find the fatal crash material and Tesla’s failure to disclose it as a breach of securities laws. “The behavior of the stock price—the fact that it bounced back very promptly—most courts would say was fairly persuasive evidence that it was not material.”
Investors who feel it should have been disclosed have had a whole week now to sell their shares at a profit.
TSLA showing cracks? Quote
07-12-2016 , 01:03 AM
Quote:
Originally Posted by heltok
And they lived happily ever after...
lol what a joke
TSLA showing cracks? Quote
07-12-2016 , 04:04 AM
Quote:
Originally Posted by Cuban B
Investors who feel it should have been disclosed have had a whole week now to sell their shares at a profit.
Not really. Your timeline is way way way off. Furthermore the issue is that the hid it in front of a fundraise.

This is aside from other legal experts who think writing down, in simple English, that what they didn't disclose would be material is a pretty simple case of fraud.
TSLA showing cracks? Quote
07-12-2016 , 06:33 AM
Tesla is tough to short right now, even with all this negativity. There's some pretty major manipulation going on, thanks to the high short % following the SCTY announcement. This opinion is pretty spot on:



This is basically playing out like penny stocks are played - big holders call in the borrows at the right time and initiate a short squeeze. Add to that a ripping market the last couple of weeks following Brexit, and you basically see what you see today - Tesla's stock price immune to terrible news.



This phenomenon is a lot of what drove Tesla's stock up in the first place. The similarities with a penny stock scam are strong: Excessive constant hyperbole, careful management of the PR cycle, paid-for analysts pumping the stock, dishonesty, poor disclosure, poor corporate governance (buying out related companies owned by the same people, for example), and regular stock offerings/compensation which dilute investors and keep the company afloat.

I wouldn't be comfortable getting short Tesla for size until major news happens (Elon hits the asylum, for example), or the short% comes down and/or the borrow recall pressure subsides.
TSLA showing cracks? Quote
07-12-2016 , 07:06 AM
A penny stock does not have a market disrupting product.

The article is interesting though. Didn't know that a lot of the pensions have such strong bylaw wording. Isn't there an arbitrage possibility for a lot of the stocks or is it usually the case that the market prices this in quite quickly.
TSLA showing cracks? Quote
07-12-2016 , 07:40 AM
Quote:
Originally Posted by Spurious
A penny stock does not have a market disrupting product.
Plenty of penny stocks have claimed market disrupting products. New drugs with potential (KBIO). A disruptive, niche market leading surgical robot (TRXC). Automotive parts. The list goes on.

Good scam stocks are attached to a legitimate business that appears very plausible/disruptive but are actually only surviving because it's selling below or at cost and surviving on secondaries.

These stocks are then are talked up/promoted, managing the PR cycle, and the companies kept afloat by issuing stock.

This is Tesla in a nutshell, in a large cap world. The promoters, rather than penny stock scammers, are the analysts from big companies who write absurdly bullish analyses, and who get their money from various fees, such as underwriting secondaries, and the breathless tech writers, who get access.

It's just as crooked, and the people who buy into the scam with their own money, just as stupid.
TSLA showing cracks? Quote
07-12-2016 , 12:59 PM
Quote:
Originally Posted by ToothSayer
Tesla is tough to short right now, even with all this negativity. There's some pretty major manipulation going on, thanks to the high short % following the SCTY announcement. This opinion is pretty spot on:



This is basically playing out like penny stocks are played - big holders call in the borrows at the right time and initiate a short squeeze. Add to that a ripping market the last couple of weeks following Brexit, and you basically see what you see today - Tesla's stock price immune to terrible news.



This phenomenon is a lot of what drove Tesla's stock up in the first place. The similarities with a penny stock scam are strong: Excessive constant hyperbole, careful management of the PR cycle, paid-for analysts pumping the stock, dishonesty, poor disclosure, poor corporate governance (buying out related companies owned by the same people, for example), and regular stock offerings/compensation which dilute investors and keep the company afloat.

I wouldn't be comfortable getting short Tesla for size until major news happens (Elon hits the asylum, for example), or the short% comes down and/or the borrow recall pressure subsides.
This doesn't explain why institutional investors aren't willing to sell. Even a smallish % of institutional holders selling into this bad news would drop the stock price. Instead they are recalling shares to vote on the deal that the market suggests is likely to be approved. Institutional investors also hold 63% of tesla equity and have been steadily increasing their holdings. So institutionals hold 63%(80% of float if you count institutionals and mutual funds) , company insiders like Elon hold another 23ish%, 20% of shares are currently sold short (32% short as % of float). Not surprising to see tesla SP climbing a wall of bad news. It looks to me like Elon has enough strong institutional backing to get him up to and through the model 3 release.

Last edited by Cuban B; 07-12-2016 at 01:24 PM.
TSLA showing cracks? Quote
07-12-2016 , 02:06 PM
Autopilot accidents are all coming out now:

Quote:
Tesla confirms another Autopilot accident

...The crashes are calling the safety of such automatic driving features into question, just as they're being incorporated into more and more cars on the road.

At least two federal safety agencies are looking into the most serious Tesla Autopilot crash, a fatal accident in Florida that took place in May.
It's the one from Montana - the news is Tesla confirming that autopilot was indeed engaged.

How do the regulators not start shutting this down? Safety design has to include and strongly protect for human errors in its planning, and Musk's naming/promotion/lack of safety controls of when it goes on and off clearly fail this test.

News also today that the NHTSA has sent a 9 page letter with many specific questions about autopilot (for which Tesla will have no good answers/evasions - they're not his low-rent fanboys on Twitter)

People long Tesla are lucky we're in a big bull market and being short squeezed/borrow called.
TSLA showing cracks? Quote
07-12-2016 , 02:57 PM
Quote:
"As road conditions became increasingly uncertain, the vehicle again alerted the driver to put his hands on the wheel," said Tesla. "He did not do so and shortly thereafter the vehicle collided with a post on the edge of the roadway."

"We specifically advise against its use at high speeds on undivided roads," it said. Tesla states clearly in its owner's manual that drivers should stay alert and keep their hands on the wheel to avoid accidents when the Autopilot feature is engaged.
The driver received a traffic citation for careless driving following the accident.
"He still needs to maintain control of the vehicle, even if it's on Autopilot," said Shope, who could not release the driver's name.
In this case it was clearly the driver who was responsible. He was using autopilot in a road type not supported and was alerted to take control but didn't.
TSLA showing cracks? Quote
07-12-2016 , 03:01 PM
Of course it's the driver's fault. Again, car makers need to take human usage patterns into account when designing for safety. Tesla is so very clearly failing this test. Now that the lid is blown off with the NHTSA investigation, it's not going to be good for them. As a recent opinion piece says:

Quote:
Take for instance the accident where Arianna Simpson crashed into the back of another car while on autopilot. Simpson realized, too late, that the car was not going to slow down before impacting the car ahead. So she braked (too late, of course, the accident was already unavoidable at that point). So what does Tesla say regarding this (according to ArsTechnica.com)?

In contrast, Tesla says that the vehicle logs show that its adaptive cruise control system is not to blame. Data points to Simpson hitting the brake pedal and deactivating autopilot and traffic aware cruise control, returning the car to manual control instantly.

It isn't a great stretch to thus believe that internally, Tesla won't be classifying this as an "autopilot-related" accident. In a metaphor, we could say that if Tesla's autopilot was throwing you off a tall building, according to this criteria it would still be perfectly safe and not causing any "autopilot-related" accidents, just as long as it disconnected moments before you hit the ground.

Obviously, accident data collected and classified according to such criteria would be mind-bogglingly misleading. It is here, that NHTSA's widening of its autopilot probe can gain a lot of relevance.
Separately, we have another video of Tesla slamming into a parked van(posted earlier):



The "technology" is comically bad and incompetent, even at its stated functions, and they've only got away with it so far because much of their small user base consists of rich, loyal Tesla fans and stock owners.
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