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Old 04-25-2019, 09:12 AM
 
9,217 posts, read 4,090,758 times
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Quote:
Originally Posted by Newporttom View Post
So, the guys who have been constantly wrong about Tesla make some more predictions......
Who’s wrong again?
https://www.google.com/amp/s/amp.cnn...oss/index.html
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Old 04-25-2019, 09:15 AM
 
99 posts, read 28,887 times
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Tesla is more polarizing than Trump..
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Old 04-25-2019, 10:26 AM
 
2,151 posts, read 663,196 times
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TSLA stock is only down 3% so far today, I thought the plunge would be a lot larger since their reported losses were so much larger than anticipated (about $3 per share vs. $0.69). I don't have the link, but Norway sales, one of the things supporters point to as a huge success for Tesla, fell something like 80%. Shows the danger of falling in love with a single stock - there was a time when I made some beans buying and selling Tenneco back in the late 80's, the price was very cyclical and pretty easy to predict. But TSLA? Glad I decided not to buy in, God only knows where it's going from here.

I still think the future of BEV's is best done in the form of PHEV's until batteries get much better. Or, if I'm going to be forced to have two cars anyway (one ICE and one BEV), I'd prefer the BEV to be a small, cheap urban runabout, something like Renault offers currently (or something like an E-Smart, but at half the cost or less of the current model).

Last edited by Curly Q. Bobalink; 04-25-2019 at 11:40 AM..
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Old 04-25-2019, 10:56 AM
 
9,217 posts, read 4,090,758 times
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Quote:
Originally Posted by Curly Q. Bobalink View Post
TSLA stock is only down 3% so far today, I thought the plunge would be a lot larger since their reported losses were so much larger than anticipated (about $3 per share vs. $0.69). I don't have the link, but Norway sales, one of the things supporters point to as a huge success for Tesla, fell something like 80%. Shows the danger of falling in love with a single stock - there was a time when I made some beans buying and selling Case Corp. stock back in the late 80's when Tenneco owned it, the price was very cyclical and pretty easy to predict. But TSLA? Glad I decided not to buy in, God only knows where it's going from here.

I still think the future of BEV's is best done in the form of PHEV's until batteries get much better. Or, if I'm going to be forced to have two cars anyway (one ICE and one BEV), I'd prefer the BEV to be a small, cheap urban runabout, something like Renault offers currently (or something like an E-Smart, but at half the cost or less of the current model).
It only tanked 3% because earlier in the week it had already dropped $10 after the failed “robotaxi” announcement. The enthusiasm is dying all around.

Norway and California dominate the majority of Tesla sales which is a testament to just how dependent on government Tesla has had to become to survive.
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Old 04-25-2019, 11:51 AM
 
2,151 posts, read 663,196 times
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Quote:
Originally Posted by Ziggy100 View Post
It only tanked 3% because earlier in the week it had already dropped $10 after the failed “robotaxi” announcement. The enthusiasm is dying all around.

Norway and California dominate the majority of Tesla sales which is a testament to just how dependent on government Tesla has had to become to survive.
Any time the gub'mint has to mandate television commercials telling me how great something is (the "Flintstones / Jetsons" take on EV's, mandated as part of the VW settlement, I believe), my radar goes off. If BEV's are such a great innovation, they should be able to stand on their own merits. I understand that any new industry may need a little boost because ICE is so entrenched, but how much is appropriate? If EV's are necessary due to CO2 emissions, then a 300 hp, luxury version of them isn't the answer, why in God's name are my tax dollars going to subsidize a vehicle for some rich dude that I myself cannot afford to buy? Electric scooters, Twizzy's, etc., where you're not expending energy to haul around a huge amount of battery mass is the much more efficient way to go in urban areas (and the electricity needs to come from new, safe, and efficient nuke plants).
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Old 04-25-2019, 12:30 PM
 
9,217 posts, read 4,090,758 times
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Quote:
Originally Posted by Curly Q. Bobalink View Post
Any time the gub'mint has to mandate television commercials telling me how great something is (the "Flintstones / Jetsons" take on EV's, mandated as part of the VW settlement, I believe), my radar goes off. If BEV's are such a great innovation, they should be able to stand on their own merits. I understand that any new industry may need a little boost because ICE is so entrenched, but how much is appropriate? If EV's are necessary due to CO2 emissions, then a 300 hp, luxury version of them isn't the answer, why in God's name are my tax dollars going to subsidize a vehicle for some rich dude that I myself cannot afford to buy? Electric scooters, Twizzy's, etc., where you're not expending energy to haul around a huge amount of battery mass is the much more efficient way to go in urban areas (and the electricity needs to come from new, safe, and efficient nuke plants).
Man that was spot on summarizing what I've been saying for years. Great post.
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Old 04-25-2019, 03:06 PM
 
Location: Metro Detroit Michigan
5,786 posts, read 2,142,117 times
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Tesla lost 702 million last quarter.

Tesla lost $702 million last quarter, snapping its profit streak
https://www.clickondetroit.com/news/...-profit-streak
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Old 04-29-2019, 04:13 AM
 
9,217 posts, read 4,090,758 times
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I noticed Newporttom and the gang tend to go ghost when things aren’t looking so great. I hope y’all didn’t invest too much.
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Old 04-29-2019, 03:44 PM
 
874 posts, read 280,771 times
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Well they effed up deliveries in Q1 (mostly timing wise) so that sucked.

BUT

Model 3 demand is strong. ASP is up to $50,000 in U.S. even after tax credit reduction. This is surprisingly high. Really everything else is still going well. Way ahead of competitors, advance battery technology coming next year, more profit coming from semi-autonomous driving (not even going to mention FSD, lol).

What's not to like?
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Old 04-29-2019, 04:46 PM
 
9,217 posts, read 4,090,758 times
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Quote:
Originally Posted by ZeApelido View Post
Well they effed up deliveries in Q1 (mostly timing wise) so that sucked.

BUT

Model 3 demand is strong. ASP is up to $50,000 in U.S. even after tax credit reduction. This is surprisingly high. Really everything else is still going well. Way ahead of competitors, advance battery technology coming next year, more profit coming from semi-autonomous driving (not even going to mention FSD, lol).

What's not to like?
Oh the fact that they consider delivering cars a challenge. Demand is cratering across the entire lineup (even in China), the Chinese just put up a billboard ad in Times Square blasting Model S quality and reliability. Competition is rising, tax credits are ending, Elon thinks nobody can afford their cars, Tesla can’t figure out what price to charge them at day to day (much less forecast what profit they’ll have month to month), Model Y announcement cratered the stock, etc.
it’s good that you are the last remaining optimistic Tesla fan though. I’m sure loyalty will be worth something one day. Let’s just hope you didn’t really put your money where your mouth is.
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