TSLA - Tesla Motors Inc (NASDAQ)

[sptrawler]

Thanks for the road test @JohnDe, that's the exact model I bought, I looked at the Highlander but the problem was it came with a sun roof and I didn't want that.
So I thought o.k I will get the white Highlander and ask for no sunroof, apparently that is o.k, except if you order the white highlander with no sunroof, it has to have a black painted roof WTF.?
So I asked what does the Highlander have that the long range Elite doesn't, well electric seats (as opposed to manual seats) heated/cooled seats (well the Jeep had them and we never used them once), front parking sensors (if you can't judge the front of the car when looking out the windscreen you shouldn't be driving it IMO)
So an all over white Elite extended range it was.
I've done 3,500k's in it since November and the more I drive it, the more I like it.
Yet to take it on a long run, but will do so when this baby sitting grandkids backs off, so probably when school holidays are over.

 

[mullokintyre]

Yet to take it on a long run, but will do so when this baby sitting grandkids backs off, so probably when school holidays are over.

What on earth makes you think the baby sitting grandkids thing ever backs off?
You are there for the long haul, unless you move interstate or overseas!
Mick

 

[moXJO]

This is the main threat to Tesla IMO, the pitchfork crew have been upset, so more and more negative press will be focused on Elon.
This article is supposed to be about cars, but in reality IMO it is just a rant against Musk, it wasn't long ago the media was his greatest support group.
I wonder if the media sentiment, will influence their road testing analysis?

Consumers are realising Tesla isn’t the only electric car

Not long ago, Tesla’s electric vehicles were simply the best on the market. If you wanted a stylish EV, Elon Musk would be your most likely supplier — even if you hated his guts. But not anymore.

www.theage.com.au

From the article:
The new competition makes Musk’s recent role as the town crier for the red-pilled online right especially puzzling and, for his car company, perilous. Musk’s chaotic and polarising tenure as Twitter’s chief executive — during which he’s embraced far-right tropes about gender and journalism and public health, and generally behaved like a rich bully on a power trip — already seems to be battering Tesla’s brand.

The Wall Street Journal reported last month on a survey by Morning Consult showing that perceptions of Tesla have been falling steadily since May, shortly after Musk began his bid for Twitter; between October and November, the period when Musk took ownership of Twitter, sentiment among Democrats toward Tesla plummeted, while favourability among Republicans rose slightly.

It’s hard to disagree. A few weeks ago, I test drove Chevy’s new Bolt EUV, the squat electric crossover that is the slightly larger cousin of the Bolt EV, the entry-level electric car that General Motors began selling in 2016. I was bowled over by the new Bolt electric utility vehicle. I found it surprisingly roomy and much nicer on the inside than its staid exterior would suggest.
I also liked that its interior felt a lot more like a normal car than Musk’s all-touchscreen automotive design style. In the Bolt you can control the air conditioning and other systems with hefty buttons and knobs that are easy to find and manipulate while you’re driving; in a Tesla almost everything is controlled by touching a big screen mounted in the centre console.

The best thing about Chevy’s Bolt EUV: The model I tried, which was kitted out with nearly every available option, including GM’s fantastic driver-assistance program, Super Cruise, carried a sales price of just under $US38,000. Tesla’s cheapest car, the Model 3, sells for upward of $US45,000 ($65,600). As I drove the Bolt, I asked myself a question that came up often this year: With such great alternatives that carry none of Musk’s political baggage, why does Elon keep acting as if customers have no choice — as if he’s the only game in town?

All the legacy car makers are making low margins with all those bells and whistles. Knobs break, buttons break and they generally have a vastly inferior product. Tesla is gouging with massive margins.

A Tesla y has already done over a million miles.
Every Tesla has been collecting data that's now in the billions of miles of real worlds worth. It's data collection is unparalleled. It's also extremely valuable for future AI.

They are manufacturing their new battery.
I think they have the million mile battery guarantee on the semi trucks?

But as you say Elon has bombed the "woke" factor. I'm not sure if this is to help onboard Republicans. But I'm pretty sure it's because he's a social idiot with no thought of consequences.

 

[orr]

Going to the point above you make on margins Mox. We only have financails on maybe four exclusively EV manufactures, TSLA, Rivian, LUcid and Polestar that have anything like serious production. Those are worth a look at.
I'm under the understanding that FORD are separating ICE from EV later this year and those margins will be worth a look at.

as to the short term;
It's premarket now at $118. I'm in for a taste at that at open. I'm betting on low sales last month rebounding on the $7.5K US rebate kicking in this month.

 

[moXJO]

Going to the point above you make on margins Mox. We only have financails on maybe four exclusively EV manufactures, TSLA, Rivian, LUcid and Polestar that have anything like serious production. Those are worth a look at.
I'm under the understanding that FORD are separating ICE from EV later this year and those margins will be worth a look at.

as to the short term;
It's premarket now at $118. I'm in for a taste at that at open. I'm betting on low sales last month rebounding on the $7.5K US rebate kicking in this month.

It's such a hard market. My worries currently are:
The China implosion

Threat of Yank recession despite the current resilience.


Tesla should have multiple good news the next few weeks. But so far what was bullish is currently getting gobbled up in broader negative sentiment.

We may test $100 and further to $80 just off the China fears alone. I'll probably look at buying a couple between $100-$115 if it hits there again.

The other companies are just so far behind with manufacturing. Meanwhile Tesla is trying to automate everything to increase margins more.

 

[sptrawler]

It's such a hard market. My worries currently are:
The China implosion

Threat of Yank recession despite the current resilience.


Tesla should have multiple good news the next few weeks. But so far what was bullish is currently getting gobbled up in broader negative sentiment.

We may test $100 and further to $80 just off the China fears alone. I'll probably look at buying a couple between $100-$115 if it hits there again.

The other companies are just so far behind with manufacturing. Meanwhile Tesla is trying to automate everything to increase margins more.

If Tesla carry debt, which I assume they do, they are susceptible to attack.
As Trump found out, no one is bigger than the system.
The sooner he offloads the twitter brain fart the better, it was great to back a principal, but it's impossible to turn the tide on a sixpence.
Best he gets back to what he was doing best and allow the bigger picture to work itself out IMO.
If he doesn't, Tesla will end up being owned by someone else, like GM or Ford who just make cars and don't try to change the narrative.

 

[Knobby22]

It's such a hard market. My worries currently are:
The China implosion

Threat of Yank recession despite the current resilience.


Tesla should have multiple good news the next few weeks. But so far what was bullish is currently getting gobbled up in broader negative sentiment.

We may test $100 and further to $80 just off the China fears alone. I'll probably look at buying a couple between $100-$115 if it hits there again.

The other companies are just so far behind with manufacturing. Meanwhile Tesla is trying to automate everything to increase margins more.

$106 now. If you want them.
Missed production targets due to China Covid effects and other China issues I referred to earlier. This is despite recently Tesla saying they would have little impact.

I think you will get them lower. No one running the company.

 

[noirua]

Live chart: https://uk.advfn.com/p.php?pid=staticchart&s=N^TSLA&t=1&p=0&dm=0&vol=0&width=405&height=187&min_pre=330&min_after=240
Longer term chart: https://uk.advfn.com/p.php?pid=staticchart&s=N^TSLA&t=1&p=5&dm=0&vol=0&width=405&height=187&min_pre=330&min_after=240

Tesla reportedly elevates its China boss to head of US plants and sales, making him No. 2 after Elon Musk as $700 billion slump spooks investors

Tesla Greater China vice president Tom Zhu will become the EV manufacturer's head of US plants and sales, according to Reuters.

markets.businessinsider.com

Musk's new deputy tends to wear Tesla-branded fleeces rather than a suit and tie – and was one of the first Tesla employees to start sleeping on the factory floor last year when a two-month COVID-19 lockdown in Shanghai threatened to shut down production, according to Reuters.

 

[Knobby22]

Going to the point above you make on margins Mox. We only have financails on maybe four exclusively EV manufactures, TSLA, Rivian, LUcid and Polestar that have anything like serious production. Those are worth a look at.
I'm under the understanding that FORD are separating ICE from EV later this year and those margins will be worth a look at.

as to the short term;
It's premarket now at $118. I'm in for a taste at that at open. I'm betting on low sales last month rebounding on the $7.5K US rebate kicking in this month.

The fact that you point out of the new EV manufacturers who will be operating alongside the legacy manufacturers highlights my competition argument. It will be tougher for Tesla this coming year and especially 2024 and if one of them has a hit car???

Eps is $3.26, assuming tripling of profits about $10 which I think is likely. So you would think floor of $80 would hold.
Competition the basis of economic theory and capitalism holds that profits will not be able to continue increasing mediun term.

If Musk accepts the inevitable and walks away fron Twitter then that could help Tesla.

 

[Value Collector]

If Tesla carry debt, which I assume they do, they are susceptible to attack.
As Trump found out, no one is bigger than the system.

Tesla only have about $2 Billion in Debt, but they have over $20 Billion in cash.

Compare that to Fords position of having $84 Billion in debt and you have another good reason why Fords and Tesla market cap difference is justified.

Not to mention that ford and the other older legacy auto makers carry huge unfunded pension liabilities ($6 Billion gap in fords case), because they have a large amount of people on older defined benefit retirement plans.

 

[sptrawler]

Tesla only have about $2 Billion in Debt, but they have over $20 Billion in cash.

Compare that to Fords position of having $84 Billion in debt and you have another good reason why Fords and Tesla market cap difference is justified.

Not to mention that ford and the other older legacy auto makers carry huge unfunded pension liabilities ($6 Billion gap in fords case), because they have a large amount of people on older defined benefit retirement plans.

I didn't realise they were that liquid, especially when you consider the expansion and growth they have had in manufacturing facilities, yet it is only recently production has increased to a viable level. Pretty amazing achievement.

 

[Knobby22]

Read in the Age that it appears there are unsold cars, not caused by lack of manufacture.

 

[Trader X]

Tesla share price crashes on brutal day for Elon Musk​

It would seem that Tesla investors are placing far more importance on Tesla's performance as a car company than some contributors here think should be the case. Even if one assumes the TSLA P/E ratio should be 2x that of say Toyota, the share price has ever further to fall.

 

[Value Collector]

I didn't realise they were that liquid, especially when you consider the expansion and growth they have had in manufacturing facilities, yet it is only recently production has increased to a viable level. Pretty amazing achievement.

They have a very healthy profit margin on their vehicles they sell of nearly 30%, compared to fords 6% profit margin. This profit margin helps Tesla generate a good cashflow which can be used to fund the expansion, so they haven’t had to rely on taking on a lot of debt.

Also, some smart strategies like asking for $1000 deposit on each of the 400,000 model 3 pre orders helped them generate $400,000,000 interest free capital to help fund the expansion of their factory.

But that’s what I was saying when I was comparing fords car wholesaling strategy will teslas build and retail strategy, ford would have a large profit margin per car if they sold directly, but they give up some margin to their dealers.

 

[JohnDe]

 

[waterbottle]

Didn't qualify for the EV tax return and now Piedemont Lithium is going to be selling them Li at market prices.

 

[JohnDe]

Tesla share price crashes on brutal day for Elon Musk​

It would seem that Tesla investors are placing far more importance on Tesla's performance as a car company than some contributors here think should be the case. Even if one assumes the TSLA P/E ratio should be 2x that of say Toyota, the share price has ever further to fall.

 

[Garpal Gumnut]

I must admit I believe F and GM are a better play atm for EV on NASDAQ.

gg

 

[JohnDe]

The worlds safest car?

Two adults and two children somehow escaped serious injuries after their Tesla plunged off a cliff along California’s Pacific Coast Highway and crashed on a rocky beach some 250 feet below.

The incident occurred Monday morning at an area called Devil’s Slide, some 20 miles south of San Francisco.

“We were very shocked” to discover that people in the car had survived the crash, said Brian Pottenger, battalion chief with Cal Fire’s Coastside Fire Protection District.

“Accidents on that cliff are not rare. We do respond to a lot of vehicles on that cliff,” he told CNN. “What’s rare is that we do not get a lot of survivors – surviving this type of accident is very rare.”

Pottenger said the car contained an adult male, an adult female, a 9-year-old boy and a 4-year-old girl. The children were both secured in car seats, which remained intact and in place, he said.

Tesla plunges 250 feet off a California cliff, all 4 occupants survive | CNN

Two adults and two children somehow escaped serious injuries after their Tesla plunged off a cliff along California's Pacific Coast Highway and crashed on a rocky beach some 250 feet below.

edition.cnn.com

 

[moXJO]

Tesla only have about $2 Billion in Debt, but they have over $20 Billion in cash.

Compare that to Fords position of having $84 Billion in debt and you have another good reason why Fords and Tesla market cap difference is justified.

Not to mention that ford and the other older legacy auto makers carry huge unfunded pension liabilities ($6 Billion gap in fords case), because they have a large amount of people on older defined benefit retirement plans.

Legacy may well go broke. A lot needs to happen before the competition can even compete in numbers let alone profitability.

$106 now. If you want them.
Missed production targets due to China Covid effects and other China issues I referred to earlier. This is despite recently Tesla saying they would have little impact.

I think you will get them lower. No one running the company.

Tesla is thinking sentiment to good news is still in bullish mode and a boost factor. The truth is that sentiment is well and truly bearish, especially for Tesla. Great for a stock buyback I suppose, not so good for investors.

They missed their target with a few hiccups. One being the covid zero strategy (reason I don't like extended lockdowns is now being played out in China).
Which pretty much branched out to the rest of the world with messed up trade.

Another being the amount of brand damage that was done. This is discounted by a lot of analysts, but in my opinion is a big negative and will drag on sales. The worst possible timing as well- literally during money contraction. And p1ssing off the government in power.... especially one that holds grudges.

Also- the cybertruck looks stupid.