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Tencent buys 5% of Tesla

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Re: Tencent buys 5% of Tesla

#141

Post by SEJeff »

nwhatt wrote: post #94
spyspy wrote: post #41

Earlier quoted context omitted.

> when they seriously start releasing electric vehicles They've been "serious" for a long time. Chevy has been selling the Volt since 2010. If they were going to muscle out Tesla they would have done it by now. And it's not just about technology. Tesla has the customer reputation that companies like GM will never have again.

GM isn't a threat to tesla unless Cadillac starts selling something to compete with the model S. As a Tesla shareholder what keeps me up at night are Mercedes, BMW, and Lexus.

If you get scared easily, or aren't in it for the long term, TSLA might not be the stock for you.

Disclaimer: I'm long TSLA and Solar City Solar Bonds.

Re: Tencent buys 5% of Tesla

#142

Post by prolly_a_moron »

danhak wrote: post #88
prolly_a_moron wrote: post #19

Earlier quoted context omitted.

The stock has been stagnant for a long time, and it's still off its high. Shorts have done fine. What's amazing are the longs seeing capital raises at mediocre terms as a wide open positive.

This was not a capital raise. Read the filing. Tencent acquired most of the shares on the open market and the remainder in the round that was announced earlier this month.

>This was not a capital raise. Read the filing.

I don't need to read a filing to know that when you create shares out of nowhere, and sell them, diluting current shareholders, it's a capital raise. What else would you call it?

Re: Tencent buys 5% of Tesla

#143

Post by aphextron »

dmix wrote: post #120

Tesla recently announced they are ramping up their Model 3 production even more than what some people thought was already optimistic numbers: https://www.bloomberg.com/news/articles/2017-03-27/tesla-mod... > For Musk to hit all of his targets, Tesla would need to build about 430,000 Model 3s by the end of next year. That’s more than all of the electric cars sold planet-wide last year. > Even if half of the Model 3 in…

> To sell that many $35,000 sedans in the U.S. “would be absolutely unprecedented based on what we know about car markets today and how people spend their dollars,” said Salim Morsy, electric car analyst at Bloomberg New Energy Finance. “It could happen. I’m pretty sure it won’t.”

Model 3's will sell literally as fast as Tesla can push them off the production line. The pent up demand for this thing is insane. Over 400,000 people have already paid $1000 deposits on their cars.

The only thing that could possibly stop Tesla is their own inability to deliver.

Re: Tencent buys 5% of Tesla

#144

Post by mikeash »

beamatronic wrote: post #137
mikeash wrote: post #118

Earlier quoted context omitted.

EVs are unpopular because cheap ones aren't very good yet. You have to choose between almost unusably short range, or a very high price. Something like the LEAF is affordable, but only useful as a city car. A Model S is a great car, but extremely expensive. The cost is coming down. Chevy is now selling the Bolt, which has pretty good range, for under $40,000. Tesla's Model 3 is coming soon. More will follow. The high…

How hot is the market for a used Model S? It seems you can get a decent one for under $50,000. Is this generally regarded as a good deal? I know an "early adopter" who has had a Model S for many years, and I've lost count of the number of times it has left him and his family stranded.

At that price you're probably looking at a pre-Autopilot car, which I'd probably avoid. Autopilot is great, for one thing, but also because Tesla's build quality got substantially better over time. I don't think it's because of Autopilot, but its introduction makes for a decent dividing line between old and new.

I haven't looked too hard at the used market, but it looks like a decent way to get one for less. This web site lists a bunch that Tesla is selling through their CPO program if you want to see what's out there:

https://ev-cpo.com/hunter/

For what it's worth, I have an early 2015 Model S and it's had a few minor problems, but nothing close to leaving me stranded.

Re: Tencent buys 5% of Tesla

#145

Post by danhak »

prolly_a_moron wrote: post #142
danhak wrote: post #88

Earlier quoted context omitted.

This was not a capital raise. Read the filing. Tencent acquired most of the shares on the open market and the remainder in the round that was announced earlier this month.

> This was not a capital raise. Read the filing. I don't need to read a filing to know that when you create shares out of nowhere, and sell them, diluting current shareholders, it's a capital raise. What else would you call it?

Do you understand that's not what happens when shares are acquired on the open market?

Re: Tencent buys 5% of Tesla

#147

Post by hueving »

aphextron wrote: post #143
dmix wrote: post #120

Tesla recently announced they are ramping up their Model 3 production even more than what some people thought was already optimistic numbers: https://www.bloomberg.com/news/articles/2017-03-27/tesla-mod... > For Musk to hit all of his targets, Tesla would need to build about 430,000 Model 3s by the end of next year. That’s more than all of the electric cars sold planet-wide last year. > Even if half of the Model 3 in…

> To sell that many $35,000 sedans in the U.S. “would be absolutely unprecedented based on what we know about car markets today and how people spend their dollars,” said Salim Morsy, electric car analyst at Bloomberg New Energy Finance. “It could happen. I’m pretty sure it won’t.” Model 3's will sell literally as fast as Tesla can push them off the production line. The pent up demand for this thing is insane. Over 40…

Or withdrawals from people. The deposits are non-committal so people can cancel without losing anything.

Re: Tencent buys 5% of Tesla

#148

Post by prolly_a_moron »

danhak wrote: post #145
prolly_a_moron wrote: post #142

Earlier quoted context omitted.

> This was not a capital raise. Read the filing. I don't need to read a filing to know that when you create shares out of nowhere, and sell them, diluting current shareholders, it's a capital raise. What else would you call it?

Do you understand that's not what happens when shares are acquired on the open market?

>Do you understand that's not what happens when shares are acquired on the open market?

Do you understand that Tencent bought shares in a secondary offering? Apparently you do, you said it. Not sure what you're arguing. Do you understand the purpose of selling shares is to raise money for operations?

Re: Tencent buys 5% of Tesla

#149

Post by sremani »

timr wrote: post #56
vvanders wrote: post #50

Earlier quoted context omitted.

Yup, which is why any entrenched player is going to have to both build an incredible car and fight against their dealerships to sell it.

Actually, the reason GM "doesn't care" about the Volt (I'm exaggerating here; they obviously care a little bit ) is because they're rational: electric cars are not popular with mass-market consumers, and it's far from clear that they're going to become popular. GM is investing in what sells, and right now (i.e. for the last decade or two), that's SUVs and light trucks. Which doesn't bode well for Tesla, at least in t…

I am an Volt owner and I approve your comments. GM with BoltEV and Volt has demonstrated they are up with the EV tech, did they make miscues? Yes, no doubt. But the market needs to educated and for now Tesla is the Apple of Cars and the only brand Customers are willing to be educated from. Nissan Leaf had a decent start, but they cut too many corners, and I do not recommend Leaf. i3 is too limited.

Even though I whole-heatedly recommend Volt esp. Gen2. The market is not ready yet, and GM is doing what an established Car company does. Tesla's life depends on pushing EVs, so they are who they are.

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