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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Wed Jul 25, 2018 5:54 pm 
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Eau de Musk now starts contacting employers to get people, he disagrees with online, fired.

https://seekingalpha.com/instablog/3722 ... rewell-now

The lowest of the low.

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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Wed Jul 25, 2018 6:13 pm 
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A cautionary tale for keyboard warriors with an axe to grind :)


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Wed Jul 25, 2018 11:49 pm 
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The continuing Elon Musk car crash is like Jeff Skilling and Enron all over again. At least Skilling took real questions in his earnings call, Musk just seems interested in surrounding himself with obsequious lackey's.



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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Thu Jul 26, 2018 1:12 am 
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slasher wrote:
Rave review from Dan Neil of the WSJ (no fanboy) of the Tesla 3 performance model or whatever it's called
https://www.google.se/amp/s/www.wsj.com ... 1532022533


At 78k it should be.


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Fri Jul 27, 2018 7:10 pm 
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Luan wrote:
A cautionary tale for keyboard warriors with an axe to grind :)


Steve Jobs operated exactly the same for decades. Never stopped any of us in the business for saying to all and sundry what a totally nasty piece of shit Jobs was. Only the journalists kept quiet. Because the media outlets have always been run by total cowards who fold at the slightest threats from the Jobs of the world.

But as Musk is a third rate ersatz Steve Jobs media outlets like the SJ Mercury run exceptionally unflattering stories all the time about Musk and Tesla. Because even when it comes to bullying, Musk is just as big a phony as he is in everything else.


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Wed Aug 01, 2018 10:39 am 
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More employee allegations, this time from SolarCity - https://arstechnica.com/tech-policy/201 ... valuation/

Results and conference call today should be interesting. All eyes will be on the liquidity position, especially if the cash burn proves to be especially bad this quarter.


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Thu Aug 02, 2018 11:09 am 
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Results out.
Burned less cash than expected.
Shares up 9% after hours.

Plans to "borrow locally" to build a $2Bn factory in China.

Plan on making their own computer chips to replace Nvidia.

Still promising to be cash flow positive by year end, and not to dilute equity.

Oh and Atari games now available on the in car console.


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Thu Aug 02, 2018 11:55 am 
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losses per share are up

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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Mon Aug 06, 2018 11:44 pm 
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The Tesla results were bad, just not as bad as what the bears thought they could be. The reason for the spike in the share price though was Musk's claim that Tesla would be cash flow positive in Q3 and Q4. Musk seemed pretty confident about that, so I am guessing maybe he has a few mouse nuts (ZEV credits) tucked away to make the numbers. What's interesting currently though, is that quite a few bears are stationing themselves around Tesla facilities, keeping tabs on staff numbers, trucking coming in/out, flying over the buildings with drones, etc. It all seems a bit obsessive compulsive to me, but it makes for interesting viewing.

I was a bit surprised to see that there is a big build up of new Model 3's, crammed bumper to bumper on dirt lots. The build-up of inventory is one thing, but to store supposedly premium cars in an environment like this?

Image

Meanwhile, in the Volkswagen HQ in Wolfsbug, cars with a much lower price tag are being stored awaiting delivery in this.

Image


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Mon Aug 06, 2018 11:54 pm 
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Early 2000s in the UK and on the continent there was a glut of production usually stored on disused airfields. A certain number of these were Rover cars, between their sale by BMW in 2000 and the Marque's collapse in 2005.


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Tue Aug 07, 2018 6:29 pm 
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Epicurus wrote:
Early 2000s in the UK and on the continent there was a glut of production usually stored on disused airfields. A certain number of these were Rover cars, between their sale by BMW in 2000 and the Marque's collapse in 2005.


Tesla supposedly still have 300K Model 3 pre orders and have only produced 50k cars so far. The original 10k per week production rate boast was reduced back to 5k per week and as the large number of cars in the fields in Fremont show a reasonable percentage of those 5k produced to meet this arbitrary production goal cannot be delivered to customers due to final inspection faults. Not the first time a car manufacturer has filled fields with undeliverable cars. Chrysler did this back in the 1970's right before they went bankrupt.

Given Teslas bizarre car financing set up my guess is that the cost of fixing the final inspection faults is so high that from an accounting point of view it makes sense to keep them as unfinished product in the short term. Which is all that matters now at Tesla.

As for todays bizarro developments. If Musk does not file the relevant papers with the SEC in short order he is looking at a real world of pain regarding securities fraud. This is stuff the SEC will prosecute. Unlike Steven Jobs multiple securities frauds with Apple and Pixar stock over the years. Or Theranos, which was never public. But Holmes will probably do time. But not much. As should Tim Draper. Its not like everyone in the bioscience VC world did not know it was a fraud from the beginning. Which is why they all passed.


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Tue Aug 07, 2018 8:16 pm 
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Elon Musk tweets he may take Tesla private
https://www.bbc.com/news/business-45105674

Quote:
Tesla boss Elon Musk has suggested via Twitter that he is "considering" taking the electric car firm private.

In his tweet, Mr Musk said he could buy outstanding shares in the firm for $420 each, around a fifth higher than the share's current price.

"Funding secured", the tweet added, offering no further details on where the funds would come from or when.


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 Post subject: Elon Musk tweets he may take Tesla private
PostPosted: Tue Aug 07, 2018 8:17 pm 
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Quote:
https://www.bbc.com/news/business-45105674
Tesla boss Elon Musk has suggested via Twitter that he is "considering" taking the electric car firm private.

In his tweet, Mr Musk said he could buy outstanding shares in the firm for $420 each, around a fifth higher than the share's current price.

"Funding secured", the tweet added, offering no further details on where the funds would come from or when.

The firm's shares climbed after the tweet, but Nasdaq later suspended trading pending an announcement.

I bet no one expected that!

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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Tue Aug 07, 2018 9:49 pm 
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This is what Sam Antar had to say about it.
Quote:
@SamAntar
Crazy Eddie Memoirs: We tried to take the company private at $7/share to coverup our frauds, using other people’s money. Zinn/Palmieri bid $8/share and ended up with a pile of sh*t. $TSLA

I do not know how Musk gets away with this. Pre-announcing a going private announcement on Twitter has surely never been done before and I cannot see how SEC regulations could possibly allow it.


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 Post subject: Re: Tesla - Pimping Elon's Ride?
PostPosted: Wed Aug 08, 2018 12:11 am 
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Shares were up 10% on the news. Maybe it's a clever way to flush out the shorts. Hard to believe he can actually raise the $82 bn needed.

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