Posted on 05/12/2024 3:02:30 PM PDT by zeestephen
Even with the electric-vehicle maker's stock down 32% so far this year, Moses is sticking with his Tesla short..."Everything is kind of falling apart in their core business...He [Elon Musk] is pointing everybody to robotaxis and AI and autonomy...This move to own Tesla for robotaxis and AI is going to fade over time...$50 seems like a reasonable valuation to me..." [Current price $167.50]
(Excerpt) Read more at cnbc.com ...
EVs and Tesla used to be media darlings. Then Elon dared to support Free Speech and (gasp!) met with Trump.
Now I’d say 97% of Elon articles are negative.
EVs are likely to see wider acceptance with the much better batteries being developed.
my older brother had an old blue ford Torino station wagon which had an air conditioning system that he called 4 windows down and 60 miles per hour.
Here in Washington state, we have a Clean Energy Credit that is now worth a billion dollars a year, maybe more.
Energy users pay - Green Corporations and Green R&D benefit.
A Conservative political activist has been able to place several voter initiatives on the November 2024 ballot.
If successful, one of the initiatives would nullify the Clean Energy tax and put Clean Energy Credits out of business.
Probably has no chance of passing, and our Radical Left state Supreme Court will void it if it does pass.
There is also an initiative to revoke our new 7% Capital Gains Tax on gains over $250,000.
Probably no hope of revoking that, either.
He is correct if you look at every Tesla dealership throughout the country, they have hundreds of cars parked at each one. They are not selling. Here’s the news article from St. Louis on May First 2024. There’s at least 500 Teslas parked at the old abandoned Chesterfield mall.
People have not soured on EV’s
The Model Y is still top 5 in the US, in sales 1st QTR, it’s neck & neck with the Rav4, the other three are the Detroit 3 pickups.
The entire car market is in a slump thanks to Bidenomics. The only thing keeping the Detroit 3 alive are fleet sales.
Drive by any dealership, their lots are overflowing.
Car/truck buyers are tired of the inflated prices, or they are way underwater in their current vehicle loan. But most can’t afford car payments when groceries and other staples are 30% or more higher.
Tesla as a company is very strong minimal debt and sitting on a pile of cash, but it’s not just a car company. Their energy division is printing money. The Model Y & 3 are now at parity price with their ICE counterparts. And then there is their manufacturing techniques lowering the price.
Because Legacy Auto found out the hard way that they could not compete in EV’s against Tesla, they bailed out. Batteries are the most expensive component, now all the battery materials legacy auto isn’t going to buy, Tesla gets it cheaper. The gigacasting and other manufacturing techniques are letting Tesla stair step the prices down.
Then there is FSD (Full Self Driving). Before somebody pops a blood vessel saying that there is no way Elon & Tesla will solve it. Remember how many people laughed when Elon started a private rocket company, and how they laughed again when he said he would land the booster to be reused. Still laughing & doubting?
And finally, lets give some support for an American Company. Tesla’s sold in the US are the most American made cars on the road and it’s not even close.
Elon Musk, he is being hit with the same LAWFARE attacks they are using on Trump. And personally, if it wasn’t for Elon buying Twitter, the vast majority of the country would still be in the dark about the truth.
That is a crazy big number of un-sold cars.
I wonder who drives them in? And, where do the cars come from?
Tesla has a new factory in Texas.
Maybe St. Louis is a centralized distribution point?
Looks like open season for brand new car parts!
I live in Kansas City and the two Tesla dealership locations in Casey. One Kansas City, Missouri off of state line Road. And the other one in Lenexa Kansas are also overflowing with brand new cars. Lots of cyber trucks. It looks like that that’s probably going to be a big bust.
The proposed tariffs will not affect Tesla.
They are for Chinese EV Imports.
In case some of you don’t realize, all the Tesla’s sold in the United States are built in Fremont, CA or GigaTexas in Austin, TX.
Before you freak out, yes he also has a GigaFactory in Shanghai, China and another in Germany.
The factory in Germany covers Europe, the one in China is their main export hub while also selling in China.
The Tesla’s you see on the roads today here in the US are the most American made vehicles you can buy. Tesla is vertically integrated while Legacy Auto has outsourced damn near everything. It’s also why they ground to a halt during the Plandemic and supply chain woes.
The tariffs have nothing to do with Tesla, its an attempt to protect the Detroit 3.
Think back to the 70’s when gas prices shot up and the US was making huge boats that drank gas like you put a hole in the tank. What happened. Japan & Europe came in with smaller and more efficient cars that also turned out to be more reliable.
I’m not saying the Chinese cars will be reliable until I see independent testing. I do know that Tesla fares very well in China against their local manufacturers. But without those tariffs, they will massively undercut prices.
Tesla will keep lowering prices using innovations like gigacasting, 48v architecture, their new unboxed assembly methods and by being totally vertically integrated.
I think Indians are keeping Tesla afloat. I live in a neighborhood of most Indians, and every single one has a Tesla.
Agreed. He has been savagely attacked for years. Besides, shorting at this price, how much more will shorts gain
I have a Model 3 with 45,xxxx on it the SOH is 97% meaning in nearly 50,000 miles it has only aged 3% end of life is 80% by definition but that doesn’t mean the pack is dead it means it’s only holding 80% of its start of life charge. There is still years of life left in it. It is not a linear rate of decline for SOH the first 2% happened right away in 10,000 miles according to the BMS onboard. The last 1% was over 35,000+ more mkles. This is typical behavior for LFP cells. At its present polynomial rate of decline the 80% point will be reached after 500,000 miles. LFP cells have a 15 year calender life rating to 80% so that’s the EOL that will be reached first not miles. Model 3s in uber service have already gone over 350,000 miles with NMC cells and LFP cells have twice the full DOD cycle life times 3000 vs 1500. LFP cells also have a nonlinear relationship with DOD and cycle life if you only take them to 50% DOD you get 20000-30000 cycles not 3000 it’s a function of depth of discharge and C rate a 1C charge vs 1/2 vs 1/4 or fast DC at 2-3C rates. Mine never gets anything but a 1/4C L2 240v charge since it’s furthest trip is 65 miles one way to cowtown and back to the stable of vehicles.
Case in point I have two powerwalls not Tesla made but experimental from another company that I am torture testing off my solar system. Those banks all have second life cells in them from former EV packs that reached 80% EOL. I have been cycling them daily at 1/2C discharge rates for months now I have a nondisclosure agreement but I will say at this rate of use well above what even an off grid home would use no one uses 30kw in an hour for 2 hours straight. 30kwh is the typical usage in 24 hours for a medium sized home. Even then these cells SOH shows years of life left. They are in a separate steel enclosure because we are testing to failure they will go up at some point it should be spectacular. That’s the whole point test to the very limit and see what these cells can do.
Electric Golf Carts have been very successful for decades.
“Covid, stimulus, rent seeking pump scam.”
Good insight. It sure looks like that, doesn’t it? Tesla took off right as COVID hit and the massive stim payments were sent out. I never noticed that before.
ALL of the climate change and “green energy transformation” is nothing but a monstrous rent seeking scam by leftists, marxists, totalitarians, progs, “green” companies, startup companies, university profs, and government meddlers in free markets. EVs are a part of that scam.
“They are handy for daily drivers in your suburban market”
not in the rocky mountain states though: brutally cold winters and blazing summers massively reduce range if one wants to stay comfortable ... so, around here, EVs go into hibernation when winter sets in and take 24x7 siestas throughout the summer months ... they only come out on the roads during moderate weather months ...
We are on the western edge of the Rocky Mountains in North Idaho. Winters are fairly moderate, but we did see one night in January that hit -28F. It was -15F the day before and after, but the overall arctic blast lasted less than seven days.
Our neighbor two doors down has a Tesla. I don’t know if he drove it during that arctic blast. I was fortunate enough to be in California for that episode, but my wife stayed at our house in Idaho.
Here in the Bay Area we are absolutely inundated with Tesla cars. I can’t go for a walk in town any more without hearing that blasted Tesla spaceship noise when they are backing up.
“Here in the Bay Area we are absolutely inundated with Tesla cars.”
i wonder how that’s going to affect the generation capacity and transmission capacity of electricity?
Generation? T&D? Planning?
LOL...they do none of these.
Very helpful on every major issue facing Tesla.
Tesla was up 2% today, just under $172.
In after hours trading - TSLA is unchanged as I write this at 1:35 PM PST.
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