Is it possible to sue the government if you ever have an explosion with your Tesla? For me it is neglicence from the authorities who decide to approve a car for sales and driving on the road. Or is that not a real safety issue??? LOL. It is clear that a Tesla is a ticking timebomb. If something goes wrong the car can explode in seconds and you (and your children) can never escape if you are in the car. Even hours later the problem can happen again. These cars should not be allowed on the road till that problem is for 100% solved. This could be a multi million dollar claim in future. Especially in the US where you can claim millions of $$$ for the smallest problem like hot water spilled in Mc Donalds. https://www.eater.com/2016/2/15/10996726/mcdonalds-hot-coffee-lawsuits-california-fresno This is the Tesla in Shanghai:
i get the liquidity issue/equity raise and weakening fundamental story, but sentiment has been so weak, i would rather trade risk reversals to position for some upshot if earnings aren't too terrible to flush out the fear
So this is why they might have spontaneous fires........improperly mixed, and contaminated Lithium. -------------- For instance, on several occasions something had fallen into one of the mixers and wasn't found until such time as the mixer is cleaned out. .if a piece of shrapnel got into the lithium mix it could pierce the separator between the anode and cathode and cause a hard short. The shrapnel wouldn't have to be very big at all either — a millimeter or half a millimeter — and it could be thin, width of a human hair or less. Conceivably, if the piece was long enough to pierce the separator and carry a current between the anode and cathode it could cause a fire." In fact, the pressure for production is so intense that sometimes workers inside the factory put tape over sensors on machines that would catch defects in order to prevent production from stopping https://www.zerohedge.com/news/2019...scribe-chaos-panasonics-gigafactory-operation
The longer they wait, the worse it looks. Is it that bad? How long does it take to consolidate quarterly earnings? Shouldn't it be done in one or two days?
They shit the bed: GAAP EPS is negative $4.10, below a negative $1.81 consensus. I say they won't deliver more than 320K cars this year. Also Shanghai won't be up and running by the end of the year. They might be testing the factory but I don't expect mass production until next May-June.