Quick update on Tesla real estate. Fremont factory - The Kato Road expansion (not the battery facility, the other expansion property on the same road) has a small building on a small portion of the property with the rest now sporting trees, lawn, and parking where a building used to be. We know they moved some pack production into Fremont and we know it fit into the existing footprint. General Assembly lines must have shrunk *a lot* to facilitate this. Perhaps at some point, they will sell the Kato Road expansion property because they don't seem to need it. Giga Nevada - The roof membrane was partially stripped back in March, as if to facilitate an expansion, but it was then replaced. Everything appears status quo at Giga Nevada, although they have a large new building very near to Giga Nevada. It is my belief Giga Nevada is essentially dead. Panasonic contracts prevent Tesla from expanding operations here, as it is a joint venture facility. They could easily expand in Nevada, and even Sparks, but not at Giga Nevada until the JV with Panasonic changes. Giga New York - I believe they are putting this facility to good use with production of many needed items, like SuperChargers (v3 and v4), as well as solar parts and accessories. This factory is unlikely to expand in the near future, or ever. Giga Shanghai - An east side concrete parking lot was broken up, as if to facilitate building construction. The rubble was removed and the area hosted grass for two months. A new, larger, lot has now replaced the old lot. This area was largely swamp. The new parking lot appears to always be damp. Perhaps this land is going to need time to dry out before expansion can happen. Battery buildings on the west side of the factory are complete and appear end state, including landscaping and parking lots. I understand there were substantial layoffs in Shanghai battery production, a couple of months ago. It also seems Tesla has lost interest in it's relationship with CATL. Tesla appears to have a new source of batteries. The only thoughts I have on the matter are gross speculation. The main factory now sports considerable rooftop solar. I mention this because Tesla fans seem to care about this type of thing, despite it being irrelevant to the business. Giga Berlin - Construction at Grunheide was not nearly as quick as initial boasting suggested it would be. First phase development appears to be complete, down to landscaping. They are said to be working on a second phase but the only activity is a minor building going up and some groundwork in an area that is substantially away from the main facility on the Grunheide property. Giga Mexico - This development was to be overseen by Tom Yee and was going to happen as fast as Giga Shanghai. After studying satellite images of the area for months, I believe the only ground work being done in the area is the odd body being buried after cartel hits. Summary - It appears Tesla expansion is largely on hold, at this time. Speculation - It could be that a new battery source and improved general assembly processes have allowed considerable expansion within the current footprint.
2022 ranged $120 to $400, this year only made it up to $280 i.e. approximately the midpoint of 2022. It is in a downtrend.
Will there be another shoe drop with twitter aka X? Or is Elon done selling TSLA shares to prop his other projects?
Good question. Meanwhile, it appears CyberTruck is about to begin crash testing. I am skeptical this testing will go well. Tesla has a ton of engineers far smarter than me so I hesitate to second guess but the design appears far to rigid to me. I look forward to being wrong on this.
according to this info musk hasn't sold any telsa since december. Tesla Insider Trading Activity 2023 (NASDAQ:TSLA) (marketbeat.com)
Watch the LIT ETF. It is at the year's low, if it collapses then it will drag TSLA too. But if it can bounce from these lows, then TSLA will react nicely.
Looks good, TSLA continues to outperform LIT, and LIT has found its bottom so is heading up. Tuesday LIT was +4% and TSLA was +7.7%.
I see Tesla is moving down today as first views of the redesigned model 3 look absolutely fantastic, both aesthetically and functionally. This is going to be a very popular car and easier/faster/cheaper to make than the previous generation. When I heard they were dropping the wood inlay trim from the dash, moving to structural packs, and most of the other changes, my first thought was, "That is how you do it." I understand there aren't a lot of people who think like that. lol! What Tesla is doing is straight up engineering. You build a car using 10,000 parts and immediately start designing the next generation with 9,000 parts. Lowering part count also generally increases reliability. The two most interesting car companies, IMO, are Mazda and Tesla. In fact, I'd say Mazda is currently the most interesting. Their rotary range extender is a very compelling idea. I absolutely love following smart people make the world a better place.
Saw pretty good video talking about the Cybertruck and how it possibly will have issues being too rigid and the panels being a nightmare to align perfectly. The clean, flat finish is a nightmare to keep that way apparently.
Honda adopts Tesla charging port. CharIN probably issued a statement declaring this to be a terrible idea.
There was a fire at the Austrailia Bouldercombe, Queensland site. Just happened. Still burning. It's not a huge fire but it could burn for quite a while. Caused by a coolant leak. Tesla Megapack 2.0. They are just commissioning the site. So far, contained to a single Megapack. I do not expect the fire to spread. I think all they can do is cool adjacent battery packs and let the pack burn down. If you're trading Tesla, this information may be useful. https://reneweconomy.com.au/fire-er...tery-module-at-bouldercombe-storage-facility/
