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Tesla Q1 2020 Update

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Re: Tesla Q1 2020 Update

#101

Post by refurb »

tejohnso wrote: post #26
chollida1 wrote: post #2

Since, things are slow, my notes.... Misc: - Fremont plant idle since March 23rd - raised 2.3B in February, which seems really well timed now - Musk venting with "FREE AMERICA NOW" tweet makes him seem almost crazy - can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life - Shanghai Giga reopened on Feb 10th, showing the importance of…

> can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life With 8 billion in cash, and 3-4 billion per year burn rate, that's a two year buffer assuming no improvement. That doesn't seem like the worst cash crunch of their long life. What am I missing?

I think Tesla falls firmly in “luxury good” and with mass unemployment, Tesla might see much less demand for much longer than just the lockdown.

Re: Tesla Q1 2020 Update

#102

Post by Swenrekcah »

mettamage wrote: post #59
Touche wrote: post #27

Earlier quoted context omitted.

I just don't want a batshit crazy person running a company I invest in.

I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…

I don't think people doubt his smarts or business acumen. I'm really impressed by the guy. But his behaviour also shows him to be reckless and a disregard for the rules. This is great to an extent when building a business but he just really has to rein it in with regards to his publicly traded companies, that shouldn't be too much to ask.

Re: Tesla Q1 2020 Update

#103

Post by gamblor956 »

adventured wrote: post #43
slg wrote: post #18

Earlier quoted context omitted.

>- Musk venting with "FREE AMERICA NOW" tweet makes him seem almost crazy Musk is on the verge of a three quarter of billion dollar windfall if Tesla's six month average market cap exceeds $100b. I would guess that motivates his desire to open as soon as possible. https://www.reuters.com/article/us-tesla-stocks-musk/teslas-...

I doubt it. He's worth $38.5 billion; $26b of that is in Tesla. He can shave off hundreds of millions of dollars from that any day of the week - if he cared to do so. The compensation package is relatively small compared to his existing wealth already contained in Tesla. Wanting the company to succeed is what most likely motivates him, not the compensation package (which is aligned with his existing interests, even i…

Musk is worth $38.5 billion based on his current Tesla stock holdings at their current valuation.

If he hits the trigger in his compensation package, he gets even more Tesla stock which will vastly increase his net worth on paper

Also, Musk is loaded with debt because he leveraged his stock holdings to live a very lavish lifestyle, including multiple residential properties, vehicles, and very expensive dining choices.

Re: Tesla Q1 2020 Update

#104

Post by Obi_Juan_Kenobi »

milansuk wrote: post #47

Page 16 blew my mind. From 70 pieces of metal => 2 pieces of metal. Does anyone know how they do that?

Tesla is going ham with thixotropic aluminum casting. Big-ass machines, big-ass castings, no heat-treat.

The goal is to get that down to a single casting. Not only does this simplify production further, but you can do it with no machining afterwards, no datums, nothing. You just tap the holes and put it together.

https://www.youtube.com/watch?v=pih4kU6yvz8

The Y is realizing a lot of things they were promising with the 3. It's a much more exciting vehicle from a production standpoint.

Re: Tesla Q1 2020 Update

#105

Post by mettamage »

andrepd wrote: post #85
mettamage wrote: post #59

Earlier quoted context omitted.

I'm not the best in expressing this, but I believe to think like Elon Musk (except I'm lazy and not that bright), I think there are quite a few that think like Elon. Yes, I know how it sounds, but if you're obsessed about truth there's a chance you think like him as well. IMO Elon Musk is rational and also expressive. He thinks from first principles (aka how does the world really work?) and he communicates that way.…

See, it's precisely this cult of personality I can't stand about Tesla.

I don't like the impression either.

With that said, if I were to comment on you, I wouldn't use words like "cult of personality". I'd try to make a comment about what I observe about the person, how I interpret that and how I think that to be wrong (and "wrong" is strongly worded here).

Unfortunately, it also takes more typing effort.

Re: Tesla Q1 2020 Update

#106

Post by semi-extrinsic »

raheemm wrote: post #55
Touche wrote: post #27

Earlier quoted context omitted.

I just don't want a batshit crazy person running a company I invest in.

Batshit crazy? He just turned around Tesla, in an industry, where the last startup to succeed was over 80 years ago. Buy some Treasury bonds instead?

I don't know how you define "last startup to succeed", but... Hummer (1992, 28 years ago), Pagani (1992), McLaren (1985, 34 years ago), Kia (1974, 45 years ago), Hyundai (1967, 52 years ago) and even Jeep (1946, 74 years ago) and Saab (1945) seem like they would qualify as well?

Re: Tesla Q1 2020 Update

#107

Post by speedgoose »

angel_j wrote: post #28

I dig Tesla, but I wonder if Elon's own goals would be better served if they only produced motors and batteries and novel tech for the other car makers.

I am not sure. Most car makers are releasing shitty hybrids to pass the emissions tests, but not really invested in electric vehicles for now.

Re: Tesla Q1 2020 Update

#108

Post by pmorici »

angel_j wrote: post #28

I dig Tesla, but I wonder if Elon's own goals would be better served if they only produced motors and batteries and novel tech for the other car makers.

That is the route Rivian is taking and Ford just announced the cancellation of their first planned model. Tesla’s draw isn’t the electric it’s the excellent performance, and incredible technology and user experience. The electric underlies those things but it isn’t the reason it’s a top selling car.

Re: Tesla Q1 2020 Update

#109

Post by ashtonkem »

refurb wrote: post #101
tejohnso wrote: post #26

Earlier quoted context omitted.

> can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life With 8 billion in cash, and 3-4 billion per year burn rate, that's a two year buffer assuming no improvement. That doesn't seem like the worst cash crunch of their long life. What am I missing?

I think Tesla falls firmly in “luxury good” and with mass unemployment, Tesla might see much less demand for much longer than just the lockdown.

I’ve personally gone from “should I upgrade from a Mazda 3 to a Tesla 3” to “Should I just not get a car at all once this lease is up?” In a shockingly short period of time.

Re: Tesla Q1 2020 Update

#110

Post by koolba »

refurb wrote: post #101
tejohnso wrote: post #26

Earlier quoted context omitted.

> can see why Elon is going crazy on twitter, he'd almost turned around Telsa and now they may be in the worst cash crunch of their long life With 8 billion in cash, and 3-4 billion per year burn rate, that's a two year buffer assuming no improvement. That doesn't seem like the worst cash crunch of their long life. What am I missing?

I think Tesla falls firmly in “luxury good” and with mass unemployment, Tesla might see much less demand for much longer than just the lockdown.

$10 oil doesn’t exactly help either.
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