If analysts were any good, they'd be PMs or traders. I think many people realized Q1 was the end of the growth story and the beginning of the stock's descent, and it was widely discussed here on ET at the time (as TSLA has been for years). What threw me through a loop was the capital raise - down 20% in three weeks after the offering. That's just hilariously bad.
Breaking: Tesla on track to beat Q4 2018’s record deliveries, claims leaked Elon Musk email https://www.teslarati.com/tesla-tsla-will-beat-q4-2019-model-3-deliveries-leaked-elon-musk-email/ Following is the text of the leaked email reportedly sent by Elon Musk to Tesla employees. From: Elon Musk Date: Wed 5/22/2019 10:45 PM To: Everybody As of yesterday, we had over 50,000 net new orders for this quarter. Based on current trends, we have a good chance of exceeding the record 90,700 deliveries of Q4 last year and making this the highest deliveries/sales quarter in Tesla history! In order to achieve this, we need sustained output of 1,000 Model 3’s per day. Almost all parts of the Model 3 production system have exceeded 1000 units on multiple days (congratulations!!) and we’ve averaged about 900/day this week, so we’re only about 10% away from 7000/week. If we rally hard, we can do it! Thanks for your great work, Elon
Elon must be under absolutely tremendous pressure to pump the share price. His "1 million robotaxis in 2020" stuff was either delusional or a bald-faced lie. It wouldn't surprise me if he resorted to full-on accounting fraud before all's said and done. The executives who might have stood up to him are almost all gone, replaced by Zack Kirkhorns. Either way, let's see that bounce!
The premarket bounce was nice, 14 bucks or so, let's see if it lasts. They are supposedly making 6.3K/week M3s right now. How many can they sell?
"Interactive Brokers Increases Tesla Margin Requirement as Stock Sinks" https://realmoney.thestreet.com/inv...la-margin-requirement-as-stock-sinks-14974323 40% (previous 30%) .
I wonder what would happen if Tesla had to do a hardware recall rather than a patch?? I don't think this mother has a case...But if the Feds stepped in and required physical patch...Big bucks!! https://news.google.com/articles/CB...vMTA4MjMwNDM0MNIBAA?hl=en-US&gl=US&ceid=US:en
Tesla is a dog, take it down. Elon is too flaky and will fail. Electric cars CANNOT WORK YET. His head is too much into outer space. He's gonna' blow his Electric car thing. And so will natural gas. It is just so much cheeper.
Dude, electric cars from dozens of companies have been working for years. Tesla's a shit show, the concept isn't. I actually know someone who sold their nat gas car in disgust and bought a Bolt instead, those puppies have a long way to go.
He meant to say, not profitable. Or can not work as a business enterprise (unless you are sucking the government's tits like Elon) He is not wrong. The energy density of the battery is just not enough. It is good enough for a golf course to drive around but not for making profitably a long distance mass produced EV. Nobody in North America can make EVs profitably. So that part isn't Elon's fault. What is his fault is not recognizing it and trying to make cars in California. Maybe a small volume expensive EV making factory could be profitable (like the Croatian one), but there is a reason why every EV maker is losing money on EVs. The difference is, they have ICE cars to make up the losses. So unless Americans learn to love and buy small, short distance, not fancy EVs (not very likely) Tesla is doomed to fail.