Posted on 04/09/2019 7:02:45 AM PDT by KevinB
Summary:
1. Terrible first-quarter deliveries data was reported.
2. Cash and cash equivalents are shrinking.
3. The CEO's eccentric and whimsical behavior (and SEC scrutiny) taking focus off of running the business.
4. How long has Tesla really been in trouble?
Investment Thesis:
Despite producing and selling approximately 600,000 vehicles (including in 1Q19), Tesla (TSLA) has been unable to secure a path to financial safety. Using a relatively simple methodology, The Altman Z-score, plotted quarterly since 2010, shows us just how perilous the company's situation is.
(Excerpt) Read more at seekingalpha.com ...
The big prize is autonomous vehicles. Doesn’t have to be electric vehicles either.
Okay, say “we” should. I deputize you to get right on it, let me know how it works out.
LOL. Considering whats going on with tesla, he might as well have.
Once carbon is taken out of the energy equation electric cars would make sense. But even if renewable gets to that point for use, what’s the impact, long-term, of manufacturing and disposing of solar panels for example? I’m not a scientist or an engineer and I have no idea, but I would guess it might end up being a problem eventually.
I believe Toyota owned that plant in Fremont before and shut it down rather than let the UAW bankrupt them. Doubt if they volunteer to take another bite of that apple.
My Tesla is running like a dream. :)
“Short selling is evil by nature, gaining from misfortune.”
But it’s fun to watch them scurry around during a short squeeze.
My regular gas stop has ten Tesla charging stations. I have only seen one in use in the last six months. I watch as I drive by.
NUMMI was established at the former General Motors Fremont Assembly site that closed in 1982; it had been a GM plant since 1962. GM and Toyota reopened the factory as a joint venture in 1984 to manufacture vehicles to be sold under both brands.
GM saw the joint venture as an opportunity to learn about lean manufacturing from the Japanese company, while Toyota gained its first manufacturing base in North America and a chance to implement its Taylorism-inspired production system in an American labor environment, avoiding possible import restrictions. GM employees went to Toyota's Takaoka plant in Japan and improved production at NUMMI, Spring Hill and other sites, particularly after Jack Smith spread the program.
Up to May 2010, NUMMI built an average of 6000 vehicles a week, or nearly eight million cars and trucks since opening in 1984. In 1997, NUMMI produced 357,809 cars and trucks, peaking at 428,633 units in 2006.
However, at 9:40am on April 1, 2010, the plant produced its last car, a red Toyota Corolla S believed to be destined for a museum in Japan.[citation needed] Production of Corollas in North America moved to Toyota Motor Manufacturing Mississippi's assembly plant in Blue Springs, Mississippi and Toyota Motor Manufacturing Canada's 'North' assembly plant in Cambridge, Ontario.
On May 20, 2010, it was announced that Tesla Motors had purchased part of the NUMMI plant and renamed it Tesla Factory, producing the Tesla Model S.
Courtesy Wikipedia
My wife's cousin worked at the GM plant before it became NUMMI. He got laid off and collected about a year of union benefits before finally getting off his ass and moving to another part of the country to work in a different GM plant.
His only yuge mistakes:
1. Pointing out the Brit homo/pedo
2. Smoking that joint ON CAMERA
3. “Who owns the media..? Hello..?!”
Take those 3 things away, and you’d simply have an eccentric, high-risk entrepreneur.
But especially the last of those 3 put him in extreme danger.
The Beast doesn’t like to be poked and it NEEDS to be fed.
“The kids love ‘em. I heard my duaghter and all her freinds talking about how they wanted to get a Tesla just the other day. 19-20 yrs old age group.”
uh, yeah. when i was a kid my dream was to own a tiny toyota corolla or a datsun pickup, but it was many years before i could afford to own one ... i seriously doubt that there are that many 19-20 year olds (or their parents) who can pluck down $35,000 for a Model 3 ...
Actually it might be Fiat/Chrysler that buys them out
http://www.freerepublic.com/focus/f-chat/3740349/posts?page=9
FCM just paid Tesla about 500 million to count Tesla sales with Fiat and Chrysler European sales. Tesla gets money and Fiat average pollution for all European car sales goes down.
But in the short term Tesla gets a cash infusion.
He did one half-hearted puff and went on to talk about how he never uses marijuana. I hadn’t seen the interview until recently and was pretty underwhelmed after hearing for months “he smoked weed on camera!”
“I saw a youtube video that tore down electric cars from various manufacturers and compared their quality and viability.”
Of the few I know who own electric cars...I enjoy telling them they have a coal powered vehicle. Then they look at me like I’m crazy until I remind them where the electricity comes from around these parts.
Also, he did not point out that Unsworth was a homo/pedo, but accused him of being a pedo with, from what I have read, no evidence whatsoever that it's true. His argument was essentially that any middle-aged, unmarried guy who lives in Thailand must be a pedo.
Both of those are irresponsible actions for which there should be repercussions. I have no interest whatsoever in the well-being or not of Tesla or Musk, but simply can't see any grand political conspiracy to take it/him down.
sarcasm?
When I moved to KY, one of the first photos I took was of a black Prius with one of those “special issue” license plates that said, “friend of coal.”
Yeah, I know they are not full electrics powered from an outlet, but I still thought it was pretty darned funny. :D
Tesla doesn’t really own much IP that would be worth acquiring. There are other assets I guess, but it looks more like a liquidation than a takeover.
But they have three critical ones--the electric drive system, the battery pack technology and the battery charging technology. That's something the likes of Toyota would love to get their hands on.
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