The people want growth, not stagnation.

For sure, but there's not even major growth. Tesla revenue is negative YoY last quarter and likely this one too. Despite being in far more markets than they were a year ago (all of Europe and the rest of the world was opened up this year for the first time to the Model 3)

True, but more or less flat over that (cherry picked) period.




Cost efficiency improving too.

There's something unsettling about Grimes and Musk having a kid

I kind of fell in love with her when I first heard flesh without blood thinking she's super special

Then Azelia Banks says she tried to collaborate with her but she couldn't because she's just a methed out junkie and now she's posting topless photos with a fetus digitally imprinted on her stomach to be "feral because pregnancy is feral"

So now I'm thinking... Hmm meth would also explain so unique and quirky

Still an amazing song and video though

Can't not watch this and fall in love with her all over again

Happy four year anniversary of Musk's two year timeline, everyone.

Promised: LA to NY unassisted in 2 years



Delivered 4 years later: Can't reliably make it across the block using their simplest feature.



And still slams into parked fire trucks, killing people, proving it can't fulfil the basic long-solved task of avoiding obstacles even on a highway.

There's about $1 billion in fraud in FSD vaporware alone (FSD is separate from autopilot)

Meanwhile, he promised "feature complete" full level 5 autonomy finished 10 days ago to bondholders when he needed to sell $3 billion in bonds last April to keep Tesla alive. Spent the entire call on it, claiming a million Tesla robotaxis this year bringing in $30 billion was going to happen.

Musk is either the greatest fraud and liar of our age or a moron who can't grasp complexity at an even basic level. Take your pick?

ToothSayer - C'mon, man. He said "~2 years". Pretty pedantic of you to insist that we've exited the range of "about".

He's been saying it for years. Also in 2016:

And the particular prediction he doubled down further when it missed:

Feb 2018: Musk says Tesla's autonomous LA-to-NYC trip still coming
It's a deliberate brazen fraud to get in billions in FSD vaporware and add further 10% margin to many of his (highly money losing) cars. If it's > 3 years away, no one would buy the FSD package. So he tells them it's "3 to 6 months" away and so they splash down $5000 on that promise. FSD is one of the biggest consumer frauds in a long time.

Tooth - I agree Musk is a charlatan, but if that's your response to my little joke then I think you're wound a little too tight on this subject. Take a breath, man.

I got the joke (I know your position on Musk), but it's actually a reasonable criticism as well, so I'm laying out the evidence.

People for years have been espousing the market is oversold and when the next recession hits, you are going to need a strong balance sheet.

It seems like if that happens soon then TSLA is mega-****ed, but part of me is starting to wonder it this China stuff might allow them to blow up with way cheaper cars eventually. A huge selling point of early tesla was "built in america" and if they can successfully transition to "built in china" maybe they can grow demand with cheaper cars.

lol sample size but I am watching with interest what Chinese demand looks like after the supply floodgates open. I do not think Tesla's historical data gives much insight into future performance in China one way or the other.

https://wccftech.com/tesla-registrat...-to-last-year/


Me too. Seems extremely difficult for Tesla to get a lower cost model out in the near future. Would love to be wrong about this, but I think they tried to get the M3 to a lower price point and failed.

Floodgates! Does this mean there will be air-friction-limited robots assembling the cars?

I'd be shocked if Tesla didn't do very well in China, there are a number of showrooms in Beijing and they are always packed. When I'm in China I see Tesla's on the road daily as well as Tesla charging stations.

I also see lambos daily in those cities as well so take this all with a grain of salt that the demand could very much just be niche.

teslas will be solid in china. they will sell

I've reported this post. The spelling makes it obvious that your account has been hacked.

Another thing to account regarding car prices on China is that for to import tariffs a car that costs 40k in the us/Europe will sell between 60k to 90k in China. This makes that price point they are offering it even cheaper than it appears. Chinese all have little faith in domestic brands (this is changing but slowly, much like Hyundai/Kia no longer brands to be ashamed to drive in the US). So at that price it's cheaper than a lot of cars that don't have nearly as much consumer demand.

China also has a stigma against buying used cars.

In my mind the only threat to Tesla succeeding in China (if they can sell cars at that price profitably) is political/cultural.

As a foreign form they'll always be on thin ice. One ill thought out tweet (not even feel Elon but from some employee of his) would bring about a boycott/vigilante vandalism etc. Likewise, if a new official comes into power that thinks Tesla is hurting a Chinese brand like BYD they could cripple it through regulation.

The natural market is ripe but there's a lot of things that could upset the apple cart that's already being steered by a mad man.

Fiat Chrysler will effectively fund Tesla's German factory, investment bank says
https://europe.autonews.com/automake...ment-bank-says

Maybe Tesla's core business is capturing incentives?

Tesla's core business has been taking advantage of subsidies for a long time. The problem is it hasn't even gotten them to breakeven, and the subsidies are quickly disappearing.

gg the US tax credit

but about to start printing $1Bil. p/a in Europe via the FCA deal

China exemption for purchase tax = $675Mil. p/a (assuming 3000 M3 per week * 52 * RRP $43,133 * 10% purchase tax), assume this could change at short notice though

Can someone explain to me how this pooling of completely unrelated companies makes any sense? Is it not just the EU admitting that their targets are not realistic for the whole sector? And that they don't want to lose car manufacturers that don't meet the targets? And as a result, it's just a cash grab of the EU?

I understand setting hard & unrealistic targets can be done in policy to push impacted parties to change, but the end result of car companies paying eachother billions just to comply with the legislation is just ridiculous imo.

(fwiw I don't have a particular issue of EVs getting fiscal incentives if governments want to support it, I just find the structure that FCA has to pay billions to Tesla ridiculous)

so, i'm the last person to defend eu-policies, but there aren't that many pure EV producers to pool with. basically every major car producer is increasing their offering of EVs and hybrid cars to comply with this.

the exact wording on that contract will be interesting, now that FCA and PSA are most likely going to merge.

Ol moderruski over at reddit made ~65k writing tesla options last year and blew it all up in the first 5 trading days this year selling short straddles and some nakeds

It puts a price on emissions, and creates a market for it, which gives companies flexibility in HOW they achieve the emissions reduction, whilst incentivising the desired behavior.

For example: FCA could have opted to produce EVs itself, or reduce emissions of its ICE vehicles, instead of outsourcing R&D and production for this purpose to Tesla.

FCA's obligation to pay arises from a contract it voluntarily entered into.

Here is a summary of the legal obligation to reduce emissions.

https://www.ft.com/content/7a3c8d9a-...b-1fe89bedc16e

so what happens to that deal when FCA merges with PSA?
that would be an interesting youtube question for an earnings call.