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(Some Guy)   $TSLA to the spittoon   (investing.com) divider line
49
    More: Obvious, Stock market, Technical analysis, div class, div id, span class, Foreign exchange market, comment js-comment, Monster Stock Market Predictions  
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1172 clicks; posted to Business » on 27 Dec 2022 at 10:50 AM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



49 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
mistahtom
2022-12-27 9:01:02 AM  
Bankrupting major consumer airlines seems like part of the Multinational Business Interests axis' economic terrorism plan.

When the fascists crash the system bad enough that travel becomes restricted, it's never a good sign.
 
OptionC [TotalFark]
2022-12-27 9:44:21 AM  

mistahtom: Bankrupting major consumer airlines seems like part of the Multinational Business Interests axis' economic terrorism plan.

When the fascists crash the system bad enough that travel becomes restricted, it's never a good sign.


Aside from the very special case of banks, nobody goes bankrupt because their stock goes down.  That completely confuses cause and effect.
 
giantmeteor [TotalFark]
2022-12-27 10:27:41 AM  

mistahtom: Bankrupting major consumer airlines seems like part of the Multinational Business Interests axis' economic terrorism plan.

When the fascists crash the system bad enough that travel becomes restricted, it's never a good sign.


Take off the tinfoil hat and breathe a little bit. SouthWest stock is down because they cancelled a bunch of flights and there's the anticipation that it will impact profitability. A stock price is a market price based on several factors; the likelihood and amount of future dividends, future demand for the stock, the risk of holding the stock, etc.. A stock price is a market price, while the market is influenced by financial outcomes, there's no direct link between stock price and the financial health of a company.
There's no conspiracy against airlines, they've run on extremely thin margins for decades mostly due to fuel costs, the stock market is doing what it normally does and is reacting to information about the company's future cash flows which would reduce the likelihood of future dividends.
 
Gubbo [TotalFark] [OhFark]
2022-12-27 10:35:41 AM  

giantmeteor: mistahtom: Bankrupting major consumer airlines seems like part of the Multinational Business Interests axis' economic terrorism plan.

When the fascists crash the system bad enough that travel becomes restricted, it's never a good sign.

Take off the tinfoil hat and breathe a little bit. SouthWest stock is down because they cancelled a bunch of flights and there's the anticipation that it will impact profitability. A stock price is a market price based on several factors; the likelihood and amount of future dividends, future demand for the stock, the risk of holding the stock, etc.. A stock price is a market price, while the market is influenced by financial outcomes, there's no direct link between stock price and the financial health of a company.
There's no conspiracy against airlines, they've run on extremely thin margins for decades mostly due to fuel costs, the stock market is doing what it normally does and is reacting to information about the company's future cash flows which would reduce the likelihood of future dividends.


Flights run on thin margins.

Bag fees. Seat fees. Early boarding fees. Upgrade fees. $9 beers.

Almost everything they do outside of selling you a seat runs at an incredibly profitable margin.
 
SpectroBoy [TotalFark] [OhFark]
2022-12-27 10:41:33 AM  
Fark user imageView Full Size


Smooth move Man-Baby
 
dr_blasto [TotalFark] [OhFark]
2022-12-27 10:45:40 AM  
TSLA is gonna settle at ~$90, which is still overpriced.
 
Hassan Ben Sobr
2022-12-27 10:53:31 AM  
Fark user imageView Full Size
 
neaorin
2022-12-27 10:54:54 AM  

dr_blasto: TSLA is gonna settle at ~$90, which is still overpriced.


I know a dude who "bought the dip" throughout December.
He is not a happy camper.

/something something falling knife
 
Opacity [TotalFark] [OhFark]
2022-12-27 10:57:48 AM  
In the Tesla bankruptcy sale someone will ask "What assets do you have?"

1. Some factories
2. Some cars leased to customers, that may or may not be worth more than the balance on the books.
3. A bunch of charging stations that don't work with any other companies cars without upgrades.
4. Cryptocoins
5. Hookers and Blow... well Blow, the hookers left when we stopped paying the bills
 
LordOfThePings [OhFark]
2022-12-27 10:58:56 AM  

neaorin: dr_blasto: TSLA is gonna settle at ~$90, which is still overpriced.

I know a dude who "bought the dip" throughout December.
He is not a happy camper.

/something something falling knife


external-content.duckduckgo.comView Full Size
 
neaorin
2022-12-27 11:00:04 AM  
CROX is outperforming TSLA on the 5Y chart.

Fark user imageView Full Size
 
king of vegas
2022-12-27 11:00:22 AM  

giantmeteor: mistahtom: Bankrupting major consumer airlines seems like part of the Multinational Business Interests axis' economic terrorism plan.

When the fascists crash the system bad enough that travel becomes restricted, it's never a good sign.

Take off the tinfoil hat and breathe a little bit. SouthWest stock is down because they cancelled a bunch of flights and there's the anticipation that it will impact profitability. A stock price is a market price based on several factors; the likelihood and amount of future dividends, future demand for the stock, the risk of holding the stock, etc.. A stock price is a market price, while the market is influenced by financial outcomes, there's no direct link between stock price and the financial health of a company.
There's no conspiracy against airlines, they've run on extremely thin margins for decades mostly due to fuel costs, the stock market is doing what it normally does and is reacting to information about the company's future cash flows which would reduce the likelihood of future dividends.


Thanks for this. Have all the extra fees airlines added increased those margins of which you speak? It feels like they should have.
 
jayphat
2022-12-27 11:05:41 AM  

dr_blasto: TSLA is gonna settle at ~$90, which is still overpriced.


At what price does the board get to say enough is enough? Serious question. There has to be a floor that once they hit it they can remove the CEO.

Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?
 
Ishkur [OhFark]
2022-12-27 11:13:33 AM  
Oh but this time it's due to actual production news: They are shutting down their Shanghai plant.

It's not just spite against Elon. So he's got that going for him, which is nice.
 
OptionC [TotalFark]
2022-12-27 11:22:26 AM  

jayphat: dr_blasto: TSLA is gonna settle at ~$90, which is still overpriced.

At what price does the board get to say enough is enough? Serious question. There has to be a floor that once they hit it they can remove the CEO.

Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?


I really hate defending Elmo, but a car company was never going to sustainably have a P/E ratio above, like, 15 and there was simply no way they could grow into their valuation when their P/E was 100.  If their stock price settles out at around 90 that would put their P/E at around 30 which is still pretty wild given their industry.

The company is profitable, they are growing (albeit more slowly), they have $21B of cash and only $6B of debt - there is a lot of value there, just not enough to support a $350B market cap.
 
OptionC [TotalFark]
2022-12-27 11:26:12 AM  

jayphat: Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?


No.  That was part of the initial financing proposal but was abandoned in favor of Elmo selling shares to take a direct $28B equity position and $13B of levered debt that is directly on Twitter's books (along with ~$5B of equity carryover from other partners).
 
Hector_Lemans
2022-12-27 11:30:42 AM  
Just closed out my $TSLA short position for a 35% gain in about 2 weeks. Based on the stuff Elon is still tweeting out like a 14 year-old school boy, I'm starting to regret not holding on.
 
jso2897
2022-12-27 11:36:53 AM  

Hector_Lemans: Just closed out my $TSLA short position for a 35% gain in about 2 weeks. Based on the stuff Elon is still tweeting out like a 14 year-old school boy, I'm starting to regret not holding on.


He who shorts and runs away, lives to short another day. Your caution is wise.
 
phimuskapsi [TotalFark] [OhFark]
2022-12-27 11:38:25 AM  

OptionC: jayphat: Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?

No.  That was part of the initial financing proposal but was abandoned in favor of Elmo selling shares to take a direct $28B equity position and $13B of levered debt that is directly on Twitter's books (along with ~$5B of equity carryover from other partners).


Yeah, and that debt is going to cost Twitter $1bn a year, which is why he's trying so hard to streamline things. The Twitter takeover will be used as a teaching tool in the future on how NOT to do whatever Musk is doing.
 
Hector_Lemans
2022-12-27 11:40:19 AM  

jso2897: Hector_Lemans: Just closed out my $TSLA short position for a 35% gain in about 2 weeks. Based on the stuff Elon is still tweeting out like a 14 year-old school boy, I'm starting to regret not holding on.

He who shorts and runs away, lives to short another day. Your caution is wise.


True. I'm guessing this stock plunge is eating away at Elon a ton and he's going to pull out all the stops to make their 4Q earnings look huge. Might short again after that depending on how many people fall for it and temporarily boost the stock price.
 
phimuskapsi [TotalFark] [OhFark]
2022-12-27 11:41:02 AM  

Hector_Lemans: Just closed out my $TSLA short position for a 35% gain in about 2 weeks. Based on the stuff Elon is still tweeting out like a 14 year-old school boy, I'm starting to regret not holding on.


Take the gain and double dip, leave the original principal alone. I just bought some short term puts for relatively cheap myself.
 
centrifugal bumblepuppy
2022-12-27 11:42:39 AM  

phimuskapsi: OptionC: jayphat: Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?

No.  That was part of the initial financing proposal but was abandoned in favor of Elmo selling shares to take a direct $28B equity position and $13B of levered debt that is directly on Twitter's books (along with ~$5B of equity carryover from other partners).

Yeah, and that debt is going to cost Twitter $1bn a year, which is why he's trying so hard to streamline things. The Twitter takeover will be used as a teaching tool in the future on how NOT to do whatever Musk is doing.


$1.5B/yr is what I last heard
 
Gubbo [TotalFark] [OhFark]
2022-12-27 11:44:58 AM  

phimuskapsi: OptionC: jayphat: Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?

No.  That was part of the initial financing proposal but was abandoned in favor of Elmo selling shares to take a direct $28B equity position and $13B of levered debt that is directly on Twitter's books (along with ~$5B of equity carryover from other partners).

Yeah, and that debt is going to cost Twitter $1bn a year, which is why he's trying so hard to streamline things. The Twitter takeover will be used as a teaching tool in the future on how NOT to do whatever Musk is doing.


Honestly, if you have to teach people to not do the literal dumbest things you can imagine, maybe those people shouldn't be in the class.
 
thornhill
2022-12-27 11:56:26 AM  

Ishkur: Oh but this time it's due to actual production news: They are shutting down their Shanghai plant.

It's not just spite against Elon. So he's got that going for him, which is nice.


More like the discounts they're offering right now.

There's no good spin for that.

It also seems like Musk is trying to control the 2023 narrative by actively lowering expectations, talking up how bad the recession is going to be. This way, if earnings are bad, he can say "I warned you" and the stock won't fall much because so many people already dumped it; and if they're not that bad, then he looks like a hero -- he defied the low expectations (which he set).

He's going to be in a lot of trouble if he cannot get the Cybertruck into production before the end of 2023. Tesla continues to receive more love than it deserves form investors because they're convinced Cybertruck is going to be a mega seller and dominate the EV truck market because Musk can scale up faster than Ford and Rivian. But if  they go another year without production, then it really starts to look like vaporware.
 
dr_blasto [TotalFark] [OhFark]
2022-12-27 11:59:39 AM  

Opacity: In the Tesla bankruptcy sale someone will ask "What assets do you have?"

1. Some factories
2. Some cars leased to customers, that may or may not be worth more than the balance on the books.
3. A bunch of charging stations that don't work with any other companies cars without upgrades.
4. Cryptocoins
5. Hookers and Blow... well Blow, the hookers left when we stopped paying the bills


Carbon credits. TSLA isn't a car company, it's a carbon credit company.
 
Vlad_the_Inaner
2022-12-27 11:59:48 AM  
Fark user imageView Full Size

/🚀 🚀 🚀
 
Ivo Shandor [TotalFark] [OhFark]
2022-12-27 12:00:06 PM  

OptionC: jayphat: Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?

No.  That was part of the initial financing proposal but was abandoned in favor of Elmo selling shares to take a direct $28B equity position and $13B of levered debt that is directly on Twitter's books (along with ~$5B of equity carryover from other partners).


I read another article which said that Elon does have a personal line of credit linked to his TSLA shares, and that he borrowed some number of $billions from that as part of the Twitter deal (i.e. part of your $28B figure). Can't be bothered to go look it up though.
 
dr_blasto [TotalFark] [OhFark]
2022-12-27 12:02:18 PM  

jayphat: dr_blasto: TSLA is gonna settle at ~$90, which is still overpriced.

At what price does the board get to say enough is enough? Serious question. There has to be a floor that once they hit it they can remove the CEO.

Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?


There are already large shareholders grumbling so a revolt may happen if this shiat keeps going toward what should be a normal price for TSLA - years of overvaluation due to kardashian CEO and cultist-like support created a bubble that will certainly have some ramifications as it deflates.
 
OptionC [TotalFark]
2022-12-27 12:05:33 PM  

Ivo Shandor: OptionC: jayphat: Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?

No.  That was part of the initial financing proposal but was abandoned in favor of Elmo selling shares to take a direct $28B equity position and $13B of levered debt that is directly on Twitter's books (along with ~$5B of equity carryover from other partners).

I read another article which said that Elon does have a personal line of credit linked to his TSLA shares, and that he borrowed some number of $billions from that as part of the Twitter deal (i.e. part of your $28B figure). Can't be bothered to go look it up though.


He probably does have a personal line of credit backed by TSLA shares (because he'd have to be an even bigger idiot than is conceivable not to), but since making the Twitter offer he has sold roughly enough TSLA to pay for his whole equity position net of taxes.  Money being fungible and all I guess you could argue about where the funding came from, but in the end it doesn't really matter because there is nothing about Twitter's business that is secured by TSLA shares except in the vaguest sense that if TSLA goes down enough, Musk wouldn't be able to inject additional personal equity.
 
phimuskapsi [TotalFark] [OhFark]
2022-12-27 12:10:50 PM  

Hector_Lemans: Just closed out my $TSLA short position for a 35% gain in about 2 weeks. Based on the stuff Elon is still tweeting out like a 14 year-old school boy, I'm starting to regret not holding on.


Already made 10% back in an hour LOL
 
JohnBigBootay
2022-12-27 12:17:53 PM  

OptionC: jayphat: dr_blasto: TSLA is gonna settle at ~$90, which is still overpriced.

At what price does the board get to say enough is enough? Serious question. There has to be a floor that once they hit it they can remove the CEO.

Also, isn't part of Twitters funding tied to the valuation of Tesla's stock?

I really hate defending Elmo, but a car company was never going to sustainably have a P/E ratio above, like, 15 and there was simply no way they could grow into their valuation when their P/E was 100.  If their stock price settles out at around 90 that would put their P/E at around 30 which is still pretty wild given their industry.

The company is profitable, they are growing (albeit more slowly), they have $21B of cash and only $6B of debt - there is a lot of value there, just not enough to support a $350B market cap.


Meanwhile the brand had been decimated. There's just a lot more people than before that just don't consider a Tesla because of musk than before. Just as robust competition arrives.
 
neaorin
2022-12-27 12:22:18 PM  

thornhill: Ishkur: Oh but this time it's due to actual production news: They are shutting down their Shanghai plant.

It's not just spite against Elon. So he's got that going for him, which is nice.

More like the discounts they're offering right now.

There's no good spin for that.


People are waiting until next year for the Biden $7,500 EV tax credit to kick in. Therefore, virtually nobody was taking delivery in December, therefore inventory buildup.

Inventory buildup is bad for any automaker, but traditional makers would have the dealer network to dump product on (aka, channel stuffing). Tesla doesn't have this option as they are selling direct to consumer.

So they had to match the tax credit with a discount just to get people to take delivery earlier.
 
Vlad_the_Inaner
2022-12-27 12:26:20 PM  

dr_blasto: TSLA is gonna settle at ~$90, which is still overpriced.


But when the market sees him making bank on those beds he put in Twitter headquarters by renting them out on AirBNB, it'll rebound, right?
 
thornhill
2022-12-27 12:37:16 PM  

neaorin: thornhill: Ishkur: Oh but this time it's due to actual production news: They are shutting down their Shanghai plant.

It's not just spite against Elon. So he's got that going for him, which is nice.

More like the discounts they're offering right now.

There's no good spin for that.

People are waiting until next year for the Biden $7,500 EV tax credit to kick in. Therefore, virtually nobody was taking delivery in December, therefore inventory buildup.

Inventory buildup is bad for any automaker, but traditional makers would have the dealer network to dump product on (aka, channel stuffing). Tesla doesn't have this option as they are selling direct to consumer.

So they had to match the tax credit with a discount just to get people to take delivery earlier.


I'm not sure what your point is. As you note, an inventory buildup is bad.

There's no way to spin the discount as not being a bad sign for Tesla. It's not a reason to panic, but it's not good.
 
Ishkur [OhFark]
2022-12-27 12:39:46 PM  

thornhill: Tesla continues to receive more love than it deserves form investors because they're convinced Cybertruck is going to be a mega seller and dominate the EV truck market


Why? It looks like an ugly polygon vehicle in a 90s 3D racing game.

arcade-history.comView Full Size

"TEH FUTUAR IS HERE!!!1
 
Joey Jo Jo Jr Shabadu
2022-12-27 12:49:44 PM  

thornhill: I'm not sure what your point is. As you note, an inventory buildup is bad.

There's no way to spin the discount as not being a bad sign for Tesla. It's not a reason to panic, but it's not good.


The point is the inventory buildup is likely a product of those delaying delivery in order to qualify for the federal rebate starting next year.  This would have happened without Elon's recent reign of stupidity.
 
snowblur [TotalFark] [OhFark]
2022-12-27 12:50:47 PM  
Fark user imageView Full Size
 
wingnut396
2022-12-27 12:52:42 PM  

Ishkur: thornhill: Tesla continues to receive more love than it deserves form investors because they're convinced Cybertruck is going to be a mega seller and dominate the EV truck market

Why? It looks like an ugly polygon vehicle in a 90s 3D racing game.

[arcade-history.com image 500x384]
"TEH FUTUAR IS HERE!!!1


Hard Drivin' was 1989, so its a technically correct to call it a polygon car from a 1980s video game.

/needs to be in pastel and come with a Members Only jacket.
 
neaorin
2022-12-27 12:54:20 PM  

thornhill: neaorin: thornhill: Ishkur: Oh but this time it's due to actual production news: They are shutting down their Shanghai plant.

It's not just spite against Elon. So he's got that going for him, which is nice.

More like the discounts they're offering right now.

There's no good spin for that.

People are waiting until next year for the Biden $7,500 EV tax credit to kick in. Therefore, virtually nobody was taking delivery in December, therefore inventory buildup.

Inventory buildup is bad for any automaker, but traditional makers would have the dealer network to dump product on (aka, channel stuffing). Tesla doesn't have this option as they are selling direct to consumer.

So they had to match the tax credit with a discount just to get people to take delivery earlier.

I'm not sure what your point is. As you note, an inventory buildup is bad.

There's no way to spin the discount as not being a bad sign for Tesla. It's not a reason to panic, but it's not good.


The point is the build-up isn't Tesla's "fault", it's a one-time event due to the incoming tax credit everyone knows about.
 
thornhill
2022-12-27 1:07:39 PM  

neaorin: thornhill: neaorin: thornhill: Ishkur: Oh but this time it's due to actual production news: They are shutting down their Shanghai plant.

It's not just spite against Elon. So he's got that going for him, which is nice.

More like the discounts they're offering right now.

There's no good spin for that.

People are waiting until next year for the Biden $7,500 EV tax credit to kick in. Therefore, virtually nobody was taking delivery in December, therefore inventory buildup.

Inventory buildup is bad for any automaker, but traditional makers would have the dealer network to dump product on (aka, channel stuffing). Tesla doesn't have this option as they are selling direct to consumer.

So they had to match the tax credit with a discount just to get people to take delivery earlier.

I'm not sure what your point is. As you note, an inventory buildup is bad.

There's no way to spin the discount as not being a bad sign for Tesla. It's not a reason to panic, but it's not good.

The point is the build-up isn't Tesla's "fault", it's a one-time event due to the incoming tax credit everyone knows about.


Who cares whose fault it is. If you're an investor, it doesn't make you feel bullish about Tesla's performance in the next 12 months.
 
neaorin
2022-12-27 1:11:13 PM  

thornhill: neaorin: thornhill: neaorin: thornhill: Ishkur: Oh but this time it's due to actual production news: They are shutting down their Shanghai plant.

It's not just spite against Elon. So he's got that going for him, which is nice.

More like the discounts they're offering right now.

There's no good spin for that.

People are waiting until next year for the Biden $7,500 EV tax credit to kick in. Therefore, virtually nobody was taking delivery in December, therefore inventory buildup.

Inventory buildup is bad for any automaker, but traditional makers would have the dealer network to dump product on (aka, channel stuffing). Tesla doesn't have this option as they are selling direct to consumer.

So they had to match the tax credit with a discount just to get people to take delivery earlier.

I'm not sure what your point is. As you note, an inventory buildup is bad.

There's no way to spin the discount as not being a bad sign for Tesla. It's not a reason to panic, but it's not good.

The point is the build-up isn't Tesla's "fault", it's a one-time event due to the incoming tax credit everyone knows about.

Who cares whose fault it is. If you're an investor, it doesn't make you feel bullish about Tesla's performance in the next 12 months.


I don't have Tesla stock, but this end of the year discount shouldn't really factor in anyone's evaluation of the company (as your OP implied). It's a one time thing and it's going away soon. Focus on slowing demand in China due to recession, Elon's Twitter antics etc.
 
thornhill
2022-12-27 1:16:14 PM  

Ishkur: thornhill: Tesla continues to receive more love than it deserves form investors because they're convinced Cybertruck is going to be a mega seller and dominate the EV truck market

Why? It looks like an ugly polygon vehicle in a 90s 3D racing game.

[arcade-history.com image 500x384]
"TEH FUTUAR IS HERE!!!1


Remember who Musk's target demo is: affluent millenial men who are nostalgic for this kind of stuff, and most importantly, want a car that's going to get them noticed on the street, and everyone is going to know how much it cost.

I have no love for Musk and want to see him fail, but the people who complaint about the giant tablet in the dash, the Cybertruck, etc. don't get that the car isn't being made for them -- there's a demo who loves this stuff, and that's who Musk makes his car for.
 
dyhchong
2022-12-27 4:10:47 PM  
How can Tesla cut production? What happened to being unable to meet demand with current production?

They must be in a pretty dire position if they're cutting production when they can't fulfill orders.
 
phimuskapsi [TotalFark] [OhFark]
2022-12-27 4:13:07 PM  

Hector_Lemans: Just closed out my $TSLA short position for a 35% gain in about 2 weeks. Based on the stuff Elon is still tweeting out like a 14 year-old school boy, I'm starting to regret not holding on.


Just wanted to thank you buddy, without this comment I wouldn't have looked at the market, and my puts went up 50% today lol. I might even dip in again.
 
Phil McKraken [OhFark]
2022-12-27 5:55:25 PM  
For the concerned: why would you be long in any company Musk is involved in?
 
raygundan
2022-12-27 6:27:38 PM  

thornhill: Ishkur: Oh but this time it's due to actual production news: They are shutting down their Shanghai plant.

It's not just spite against Elon. So he's got that going for him, which is nice.

More like the discounts they're offering right now.

There's no good spin for that.

It also seems like Musk is trying to control the 2023 narrative by actively lowering expectations, talking up how bad the recession is going to be. This way, if earnings are bad, he can say "I warned you" and the stock won't fall much because so many people already dumped it; and if they're not that bad, then he looks like a hero -- he defied the low expectations (which he set).

He's going to be in a lot of trouble if he cannot get the Cybertruck into production before the end of 2023. Tesla continues to receive more love than it deserves form investors because they're convinced Cybertruck is going to be a mega seller and dominate the EV truck market because Musk can scale up faster than Ford and Rivian. But if  they go another year without production, then it really starts to look like vaporware.


That discount is an exact match for the tax credit that becomes available Jan 1st. It's to keep people from cancelling or delaying orders to get the tax credit later. I expect it will be gone shortly once the credit kicks in. Without it, their deliveries would drop like a rock for the end of this year, since everybody knows the discount is around the corner.

Plenty of other shiatshow to make fun of here, but that bit seems fairly straightforward.
 
raygundan
2022-12-27 6:31:10 PM  

dr_blasto: Opacity: In the Tesla bankruptcy sale someone will ask "What assets do you have?"

1. Some factories
2. Some cars leased to customers, that may or may not be worth more than the balance on the books.
3. A bunch of charging stations that don't work with any other companies cars without upgrades.
4. Cryptocoins
5. Hookers and Blow... well Blow, the hookers left when we stopped paying the bills

Carbon credits. TSLA isn't a car company, it's a carbon credit company.


People say this, but carbon credits are about 1.5-3% of Tesla's gross margin, depending on quarter. It's a trivial part of the business.  This isn't hard to find out, so I'm not sure where this idea that their real business is carbon credits came from.
 
jayphat
2022-12-27 8:32:26 PM  

thornhill: Ishkur: thornhill: Tesla continues to receive more love than it deserves form investors because they're convinced Cybertruck is going to be a mega seller and dominate the EV truck market

Why? It looks like an ugly polygon vehicle in a 90s 3D racing game.

[arcade-history.com image 500x384]
"TEH FUTUAR IS HERE!!!1

Remember who Musk's target demo is: affluent millenial men who are nostalgic for this kind of stuff, and most importantly, want a car that's going to get them noticed on the street, and everyone is going to know how much it cost.

I have no love for Musk and want to see him fail, but the people who complaint about the giant tablet in the dash, the Cybertruck, etc. don't get that the car isn't being made for them -- there's a demo who loves this stuff, and that's who Musk makes his car for.


I'm the exact target demo and I think the stuff is farking hideous.
 
Ishkur [OhFark]
2022-12-27 11:48:26 PM  

thornhill: affluent millenial men who are nostalgic for this kind of stuff, and most importantly, want a car that's going to get them noticed on the street


It's not a car, it's a truck, and the target demo for this hideous design don't drive trucks.
 
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