There could also be a yard hold for quality issues. Happens all the time across the industry, but ya, probably shipping issues as well.
Short answer: I share StockJock-e's point of view. Long answer: I believe Tesla has almost as much upside as it does down side. Tesla will likely hit 2T in a decade. It could also be at $500B in 10 years and be valued about right, having never paid a penny of dividend. Perhaps what confuses traders is the availability of companies that have a very high chance of tripling in value every decade. Plus, some of them pay monthly. Strong dividends make for a great war chest. The point being, Tesla was an epic growth company but it doesn't present as the best business for operational returns. If Tesla was the only company I know, I would still hold it and I would be happy with how the company is run, as well as it's future prospects.
Last i heard was second half of this year but I havent paid much attention for many months. Im focussed on battery production like a golden retriever looking through the window of an italian restaurant. When there are enough batteries, they will make the truck. Factory construction is very unlikely to hold them up.
Elon announced the SuperCharger network will be opening up to the rest of the industry. He also announced a massive expansion.
I think TSLA still has potential. I have put a little skin into the game. The more I hear about the diversity of projects they are involved in, the more I like Elon and TSLA.
Any time someone does something different, there will be a lineup of people to explain why it's a bad idea that won't work. Kudos to Tesla for re-thinking vehicle manufacturing. Meanwhile in Shanghai, Tesla solved the problem of inventory build up in two ways. 1) They roughly doubled the number of cars they can park outside the factory. 2) I just watched 17 semis simultaneously loading cars for distribution from the factory.
The Shanghai inventory problem has been solved. They have about 1/4 of the inventory they did a week ago. What's more, cars are pouring off the production line at a disorienting rate. Holy cow. I think Tesla could come close to an annualized production rate of 1M cars, this month. I'm not predicting they will break that level but it will become clear they can achieve it, this year. Certainly, they will produce well beyond 200K cars for the quarter.
It is now a foot race between Berlin and Austin to see who can ramp production first. Berlin was first to sample by over a month. It wouldnt surprise me if Giga Texas is first to ramp, though. Cars will probably start streaming out of Austin, from a partially completed building. China has taught us that it will take a couple of years to fully scale. This will be interesting.
Now up 3%. Do people think the 10% boost in production can offset the massive factory build spend and Bitcoin losses? I expect a modest profit. I've been wrong as often as I've been right on short term Tesla predictions, proving I'm no better than a Magic 8 Ball, but I'd buy some put contracts right now, if I was a trader.
