q2 looks very much like the earnings of a boring car company. not a very good one, i might add.

without the lying-CEO-overhang and strange accounting i might even pay 0.5-1 times revenue for this.

I completely missed it, but the bulls were right about Tesla.

It's still a hyper volatile stock.

Only hope now is that it crashes in the future, so we can buy it.

Good summary of the Q2 financials, and where things are headed for 2024: https://bradmunchen.substack.com/p/t...ls-point-to-us

Oh, and some more "cracks" just got revealed, lying about battery range: https://www.reuters.com/investigates...tteries-range/

Yawn... More cracks. This thread will keep going on like this to $3T, to $30T. Keep looking for those cracks, maybe one day you will vindicated!

But yes, this is a year where bears will be winning, not making any money, but feeling good about "being right" before they are once again proven wrong. So enjoy it while it lasts!

That article is a prime example of trying to generate clicks from people looking for cracks. If you actually read to the end of it:

After doing more research into range estimates, he said he ultimately concluded there is nothing wrong with his car. The problem, he said, was that Tesla is overstating its performance. He believes Tesla “should be a lot more explicit about the variation in the range,” especially in very cold weather.

“I do love my Tesla,” the engineer said.

Every car performs worse in cold weather, it's just basic physics. Tesla are explicit about the EPA/WLTP range, which is what they legally have to be explicit about. When you actually drive it will give a better estimate for your current drive which takes many things into account such as temperature, wind, air pressure, how much the passengers and cargo weight etc. In actual tests Tesla performs very well:
https://insideevs.com/news/650501/te...-28-other-evs/

Its like you read 4 sentences of a multi thousand word article and think that summarized the whole thing

So Volkswagen also did nothing wrong in gaming EPA emissions tests?

great screen name, what are you long?

IMO the market has not yet priced in Toyota's solid state battery potential. How much of it can remain protected IP, the cost of minerals used to produce the cells, sourcing of the cell materials, reliability of the battery system, safety issues, weight, recharging life, etc. are all unknowns at this point. Hence I get the general reluctance of the market to go irrational exuberance mode. If it were a US startup then I'm guessing the market plays it differently.

Toyota seems to be taking a balanced approach to EV, that is going with R&D in a manner that continues to yield profits (e.g. using SS in its hybrids starting in 2025), at the same time not disturbing their profit model with ICE vehicles while eventually progressing to a (hopeful) dominant position in the EV market.

It seems obvious to me companies like Ford and GM don't get it, noting Ford has lost billions with its EV foray with no visible niche whatsoever with its product line other than a "Ford" logo pasted on its EVs. Hence its partnership with Tesla to stop the bleeding.

How this plays out with Tesla remains to be seen. But I am convinced current battery technology using Li is not sustainable, and Li will eventually be phased out with newer, more sustainable, more feature rich (e.g. range/charge time) EVs. This fits with the general principle of planned obsolescence, which obviously Musk is aware of and likely will take advantage of.

The 499 companies in the S&P 500 with CEOs who haven't committed brazen consumer fraud, securities fraud, accounting fraud, and government subsidy fraud.

when will tsla be back over $300 again?

When they announce non-Li solid state battery for future models?

you do realize they are just buying batteries from CATL and Panasonic and there is no indication that tesla will ever work on their own battery chemistry, right?

4 to 5 years from now, considering solid state batteries aren't currently competitive energy-wise or cost-wise.

He seems to be trying to price out competitors by engaging in large battery supplier contracts. Behind the scenes it could be quite possible Musk has plans to move forward with solid state. If Toyota is successful with their plans and Tesla does not have an answer I would expect TSLA stock will be less than $20.

Does this thread think that the Cybertruck will ever be released or is it vaporware?

https://twitter.com/WholeMarsBlog/st...GJkV8KVAQ&s=19

Will be released. Very likely this year, pretty likely this quarter. We have seen 9+6 newly produced this week like going into testing:



Don't like to use words such as vaporware as they have so many definitions(from totally made up, not even begun development to just a few days late) so depending on semantics the answer is yes/no/maybe.

Also lol at Toyota Solid State Batteries. They have announced them every year for 10+ years. And even if they are released imo that will not magically save Toyota.

I doubt Solid State Batteries will be >10% of all BEV batteries by 2030. What matters is mostly cost and scale for the next few years that will be LFP for volume and nickel for most of the rest. In 5-10 years sodium will start to take a decent chunk of LFP market share.

Toyota is in final stages with an internal combustion engine that burns Hydrogen. Tesla isn't even in Toyota's league. Toyota has been making quality consumer and industrial products before Elon earned his first emerald royalties.

Lithium batteries aren't a "green" alternative to fossil fuels and the internal combustion engine isn't sunsetting any time soon.

At what price does Tesla turn this slump around? I missed 100 last year. Will 200 be the turnaround this go-round?

The Cybertruck is ****ing hideous. It's panels of sheet metal that lack any contour.

Released or not, it won't do as well as Musk and his fanatics lead you to believe.

Lol hydrogen. Good luck with that. It didn't even make sense before BEV became mainstream, much less now. What are they selling, 20k/year worldwide and sales going down? The main reason they got started was because China embargoed Japan with rare earth metals and the Japanese were desperate and allowed their car companies to infiltrate their government to subsidise something that had no future. And how many stations are there outside California?
https://h2stationmaps.com

Lithium is clean, batteries can be recycled unlike oil and efficiency for converting electricity into miles is many times higher than for hydrogen and synthetic oils. Also hydrogen cars suck, they are dangerous, ugly, have bad performance and the infrastructure will never get there.

I'd bet cybertrucks become a top 5 selling truck by 2030.

They'll outsell rivians, frontiers, jeep gladiators, Toyota tundra within 3 years. Compete with Tacoma, Sierra, Ram and Silverados within 5-7 years. Compete with F Series within a decade

This isn't a hydrogen cell, it's an internal combustion engine.

I don't know about the ugly part https://youtu.be/jF4TJYAnsbw

Lithium is not clean.

"The common environmental side effects of lithium mining are water loss, ground destabilisation, biodiversity loss, increased salinity of rivers, contaminated soil and toxic waste."
https://wellcomecollection.org/artic...dnPhIAACIAGuF3

As for lithium mining, SQM is a stock I held at least a decade ago. Wish I hadn't let it go.

Rivian: not very popular, have seen mixed reviews
Nissan frontier: meh
Jeep gladiator: lol, Chrysler
Toyota Tundra: these trucks have actual balls
Tacoma: not even a "full size" truck, different category
Sierra: professional grade
Silverado: is a Sierra without the "fancy" trim
Ram: lol, Chrysler (cummins don't play though)
Ford: found on road dead

As for you Olaf, you won't make it to 2030 with this climate change heating trend. You're gonna melt!

No bet

All of the trucks that you're shitting on are top 15 selling trucks. Demonstrates exactly how easy it will be for tesla to take over this segment.