i think we have a big political & economical problem with the biggest oil producers & exporters in the world can anyone guess..would not want to go bankrupt as a county so they would do anything necessary to stop elon's ambitions towards everything running on electricity so as a result you can already see tesla stock isn't doing too well regardless of people's thinking the future is all about renewable energy and tesla!
Tesla shareholder urges board to name independent chairman Tesla Inc. shareholders will vote in June on whether to adopt a policy that the company allow only an independent director to be chairman, a role that Elon Musk has held since 2004. The proposal, submitted by Jing Zhao of Concord, Calif., argues that Tesla shouldn't be an exception to what the individual shareholder called the "prevailing practice" in markets including the U.K. The owner of 12 Tesla shares wrote this would minimize conflicts and brought up the acquisition of SolarCity Corp., a deal that was criticized in part because of Musk's links to the money-losing panel installer.(Los Angeles Times)
not much discussion on TSLA's May 2 earnings announcement after close. is it because few people here are interested in trading TSLA, or it's too risky? TSLA is the number 1 or 2 most shorted stock right now.
"Here's what every major Wall Street analyst had to say about Tesla's results, Musk's peculiar call" https://www.cnbc.com/2018/05/03/wha...f-teslas-quarterly-results-earnings-call.html .
On survival and capital needs: THey say they are around the corner for 5,000 cars a week. @35,000 each minimum, 175 M sales a week, 700M sales month, > 9B yr with 2 yrs of orders. And they aim for double that. I think 2yrs to model Y is ok. And the truck is ok. ANALysts can suck on an exhaust pipe. Ever listen to a conference call? Elon was right, they do get boring. Jeesh, give the man a break, he be sleeping on the darn couch
Go East. Tesla will announce the location of its China manufacturing plant by the third quarter, CEO Elon Musk said this week, after the Chinese government's gave the green light last month for foreign new-energy vehicle makers to fully own auto factories by year-end. Tesla's next factories will produce batteries and assemble vehicles, Musk said. Bloomberg .
What Tesla says and does are 3 different things. They could hardly break the 2000/ week number. But that is really not the problem. The bigger problem is the demand for a 50K mass produced EV. There is no such a thing as a 35K Model 3, and if you have lots of money you could go for the better and more costly models. Assuming Tesla could make 5K/week (I think they will top out at 3K) they would exhaust the demand in a year and then they would have a production line making cars for non-existing customers. Because of this reason they will never ramp up the production too high, and will only make enough what the market can bear, they can sell. Possibly 100-150K annually.
Tesla won't have the money to building the plant on its own. So that means a new financing package will have to be negotiated and finalized by Q3. What is going to happen to TSLA share price when another round of financing is announced in a few weeks?
Me thinks your data used for conclusion and your demand exhaustion math are faulty, hence your conclusion also
What is your data and conclusion? Disagreeing is good, providing an actual response based on facts and logic is much better. You tell me what the annual demand is for a 50K EV... And please count the competition too.