Yes it will happen. After,... Tesla dominates the whole industry and no longer in growth stage SpaceX goes public Elon lands on Mars Nuralink succeeds at a viable product Boring tunnels everywhere In other words, many many years, and that is up to Elon's fancy
My shares only add up to double digits. I would hope they keep the dividends till its split about 5 times
I see Teslarati is just noticing Giga Nevada is starting an expansion. I posted it 3 weeks ago (May 28). Analysts are talking about changes that predate the pandemic. It has become clear to me, a privateer with reasonable (but not outstanding) intellect and an objective approach can live in a small town and be every bit as on top of what's going on at a major corporation as anyone on Wall Street. I literally don't think many of them do any research at all. They seem to just notice the price going up and up and start saying positive things, then when the price goes down and down, they say negative things. I'm not joking here. The information on this web site is better than anything out there. Also, we have avoided the conspiracies and fantasies other web sites have not. I tip my hat to the little guy.
Yes I agree to that. Fremont factory - operational as home base, r&d, and manufacturing Giga Nevada - operational as battery and drive train plant Shanghai giga - just recently operational as manufacturing New York plant - not operational as solar is being shutdown All operational plants on COVID process and not full capacity yet. Berlin plant- a year or more before becoming operational for manufacturing, r&d Texas plant - yet to finalize UK plant - just talks or rumors Point is the 1k per share is too high with the foresight of the future one or two or three years out before new expansion is online. My take, way overpriced for forward looking plans far down the road. The share price is viable, in a year or two when production and sales both, increase much more.
Here are some quick thoughts on self driving. With so many groups developing FSD, I was pretty sure a portion of these groups would turn out to completely fail and produce nothing of value. FSD is a bigger challenge than language translation was and countless development efforts ended in failure over three decades before someone finally cracked it. These days, we take it for granted. Tesla is developing FSD in real time and in full sight. No one else is has this high profile approach, although a few groups have demonstrated systems that seem to be mostly operational. These demos of a car driving itself successfully fool the public into thinking they are almost done. They aren't. Having a car drive around a test track or even a large neighbourhood is completely different than a car that can drive anywhere, any time, under any conditions. We've seen Model 3 successfully drive on roads with enough snow to obscure the lane markings, navigate construction zones, and interact with traffic. What's more, they do it in many countries. Having a car interpret what is going on in front of it for 95% of it's decision input is not even close to the same thing as GM's approach to using a localized database with ultra-high resolution detail. GM's cars work pretty well but they can't leave the confines of the area for which they have detailed data and they have to maintain that database like people's lives are counting on it.
Looks like TESLA & Ideanomics (IDEX) may be partnering in China down the line as Ideanomics announced the Tesla Model 3 as a Proof of Concept to fulfill its EV taxi sales orders they recently received.
Tesla needs only a few hundred acres for a gigafactory. I am going to guess that maybe the high hundreds of acres for a terafactory. I have decided why (my best guess), of why Tesla obtained over 2000 acres in Texas with no agreement to build out a factory yet. Tesla will be entering the utility business with a vast solar farm coupled to a terapack battery station, in hot super sunny Texas. He already has everything he needs to do it in-house. But it isn't smart to locate one giant factory in one single location to build automobiles.
This image of a Tesla dealership being held up is apparently of a celebratory nature. Tesla is pushing hard on deliveries for Q2.
Tesla, as a car company, is lackluster. Cars sold in order with customers waiting for delivery. Owners unable to get parts, leaving cars in maintenance bay for 1 year and more. Inconsistent quality control where some cars are leaving the factory with defective paint and seats that aren't even bolted down. Then you have the car. What's the range? How long does it take to recharge? If I get in my Tesla, drive from San Francisco to Las Vegas, how far will I get? I won't make it. Then I have to hope and pray for a charging station somewhere on the side of the road. Now I am literally stranded for hours until I can continue my trip. I have to stop every 3 or 4 hours, to charge for 6 to 8 hours. If I live in an apartment in NYC, is my landlord going to install new special charger, just for me? Who pays for that? Does the electrician route the wiring to my meter, or is the landlord giving me 10 hours of free electricity every night? I can't park on the street and run an extension cord. If I rent a space in a garage, is the garage accommodating my charging? Is this DeLorean all over again? Great business model. Pumped up stock on speculative products. Sci-fi fantasy solar roof tiles. If you depend on just the solar roof tiles to power the charger, it takes 4 days to produce enough electricity to provide the car with a 10 hour charge. A tunnel which allows high speed travel for only 1 car at a time. It takes 3-5 minutes to lower your car In an elevator into the tunnel and get it in position. Then the car takes off like a rocket, exceeding 100 mph. You get to the other end of the tunnel in about 10 minutes. Another 3-5 minutes to get the car out of the tunnel with an elevator. Repeat the process for a car traveling in the opposite direction. Tunnel can service 4 cars an hour at best. Pull into the line, and you could wait an hour for your turn to ride the tunnel. Pray that there are no mechanical failures while you are in a tunnel going 100 mph. How many quarters has Tesla turned a profit?
It sounds like a great opportunity for a short position on Tesla, A55. Are you short or do you have any call contracts?
I'm old school. Buy & Hold. I only buy what I believe in. I have to like the product, and like the stock. I don't short stocks. So I don't own Tesla. Same way I don't own Beyond Meat. I don't like the product. No way it will replace meat. The world is not giving up meat. No way will the world ditch every car for a Tesla. I think Tesla is overvalued, and the price too high.
The world wont give up every car for a tesla. U are correct. But the world will eventually give way to electric vehicles. Tesla is at the forefront....they do have no equals at this point and time...
The reason I asked about calls or a short position is that I was wondering why you came in here and wrote a nine paragraph anti-Tesla post. You obviously have some strong feelings on the topic. There is a certain demographic that actively dislike Tesla. You appear to fit into that demographic. Understanding what drives this sentiment might shine some light into Tesla's potential customer base. Whatever the case, it's nice to see a new member posting. Welcome.
If new technology makes it possible, then why not? Obama wanted 50+ mpg. Just because a law is passed, it doesn't make the technology invent itself. In the real world, the electrical infrastructure does not support it. If every household had an electric car plugged in to charge overnight, the transformer for the grid would overload and you get a blackout. Same way you get blackouts in the summer when everyone uses air conditioning. Homes have 110 volt residential, not 220v commercial. A lot of households have 3 - 5 cars, not 1. In fleet use: service vehicles, delivery, livery, police cars are operated non-stop, all day. 8, 10, 12 hour shifts. These vehicles can literally go around the clock, as shifts change. Powering lights, sirens, air conditioning, auxiliary power for hydraulic lifts, in addition to onboard power inverters for other equipment. Current electric car technology allows a civilian car to operate up to 3 or 4 hours without headlights and air conditioning on. You can't leave the company parking lot, go 30 minutes to your 1st stop, work 2 hours, then return to the company to switch trucks before your battery runs out. I'm not against something better in the future. I'm just pointing out the obvious that what we have now isn't there yet. A cop would have to return to the station to switch out 3 different cars in 1 shift. You would need 4 Teslas, 3 charging when 1 is on the road, to cover 1 patrol beat. How would deliveries get made? A truck driver can only travel 2 hours, then have to return? Or will trucks go 4 hours, then stop for 10 hours to recharge? Recharge where? Are truck stops building charging points for every trucker on the road, every 25 miles?
You don't have accurate truck mileage data, and cops commonly return multiple times a day to home base anyway. Plus it charges in 20 minutes.
Impossible to charge a Tesla 20 minutes and operate a 12 hour patrol shift. Police officers don't and can't hang out at the station all day. There are station assignments, radio calls dispatched, and the cop actually is supposed to patrol his sector. Commercial truck drivers operate up to 8 hours, 55 mph to be legal but usually a little faster. Covering over 400 miles a day according to the log book. The 1st electric tractor trailer setup will have hurdles trying to deliver cross country. I can see local delivery routes. Maybe within a 30 mile radius. Do 1/2 the route. Return to the warehouse. Get another fully charged truck. Complete the other half. Boss would have to buy 2 trucks, each costing more, to do the work of 1 truck. And time lost going back and forth. But that's okay. Trucking industry will have to change. Freight fees will go up and be built into product pricing. Or we wait until electric vehicle battery technology improves.
I can't argue circular logic. But I know quite a bit of facts of about every electric US manufacturer and electric products. You can't use perceptions as facts to support your suggestions.
I know real world sentiment. People love the technology. People love the promise of something better than cars we have today. Tesla is a step in that direction. In my 10 hour shift, I actually drive the car. It starts at the beginning of watch. It doesn't turn off until end of watch. I patrol and respond to radio calls. There are computers, flashing lights, and sirens. A/C in the summer. Heat in the winter. Even if I am sitting on the side of the road, drinking coffee and eating a donut, everything in the car is on. I am not hanging out at the station with the car plugged in. At shift change, the next shift officer drives the same car. And there's still no way possible, that 20 minutes can complete a full charge cycle from empty, or that a full charged Tesla can stay on for the duration of a 10 hour shift. I live and work in The City. I have an apartment. There's no parking available in the building. And if a space becomes available, I am on the waiting list, the property manager is not spending money to install a charger for me. I asked. My car is on the street. No way to charge an electric car unless The City installs chargers alongside every parking meter. Across The Bay, Fremont got a Tesla police car. Tesla's factory is in the city of Fremont. It's basically a Tesla with lights, sirens, and a computer. It's not a real police car with armor, a prisoner transport barrier, or even a lock box. Beautiful. Great for PR. Not as practical as they had hoped. Same thing happened with electric motorcycle fleet in Santa Cruz. I'm on the sidelines. My money is not buying an electric car yet. It's not practical for my use. Great if it fits into your lifestyle.
