271–280 of 418 posts
Anyone paying any attention in the Bay Area over the last few months has known what the Wall Street shorts and national media don't. Model 3 is an unbelievably massive success. It went from zero on the road, to more common than seeing a BMW 3 series in 6 months.
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we are basically living Dune until we're off petroleum from Saudi Arabia.
We are off petroleum from Saudi Arabia. The US now is a net petrol exporter thanks to fracking. We have the cheapest oil in the world.
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General Motors owns a patent on leaded gasoline. https://www.history.com/this-day-in-history/gm-engineers-dis...
Invented by the same person that invented Freon, too. Talented chemical engineer but possibly the most harmful human to have ever lived by some metrics.
1: https://en.wikipedia.org/wiki/Thomas_Midgley_Jr.#Later_life_...
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The best situation would be if Ionity and Tesla can agree to merge, or share standards so everyone can charge at all of them. But I imagine Tesla will not be interested until Ionity has parity, or nearly so, with them.
Ionity does not follow their own personal standards. It is the CCS standard. Tesla is the outlier who went with its own proprietary standard. And a post builtout agreement is not going to change hardware connectors on a car.
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You forgot Tesla's $3.3 billion in inventory. Their liabilities are greater than their assets to the tune of $1.7 billion. That plus the $4.2 billion in bonds is $5.9 billion in debt. Subtract the $3 billion in cash and they'll need to come up with $2.9 billion between now and March of 2022, which is $.2+ billion per quarter. Edit - Double counted cash. It should be $.4+ billion per quarter.
I didn't mean to have a complete list. My only point is that "its complicated". There's a lot of moving parts here. Full details can be found on page 8 of the linked PDF. > Their liabilities are greater than their assets to the tune of $1.7 billion. That plus the $4.2 billion in bonds is $5.9 billion in debt. You're double-counting. Liabilities include debt. No need to double-count. > Subtract the $3 billion in cash…
In terms of capital raises, this SA article posits why Tesla may not need as much capital going forward.
https://seekingalpha.com/article/4100718-teslas-unusual-sour...
Great numbers and congratulations to Tesla. If we as a country are going to lessen our dependence on fossil fuels companies like Tesla will need to lead the way. Just a side note that Tesla received a ~$500m loan from the US government back in 2009, which was paid back in 2013 (the loan went out to some other automakers for electric vehicle R&D), and I believe the tax break on electric cars are still valid. Tesla is…
we are basically living Dune until we're off petroleum from Saudi Arabia.
Earlier quoted context omitted.
we are basically living Dune until we're off petroleum from Saudi Arabia.
We are off petroleum from Saudi Arabia. The US now is a net petrol exporter thanks to fracking. We have the cheapest oil in the world.
Note: I have a very shallow understanding of the US-SA relationship.
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Invented by the same person that invented Freon, too. Talented chemical engineer but possibly the most harmful human to have ever lived by some metrics.
The same guy who was killed by his own apparatus to get him out of bed after he caught polio. [1] 1: https://en.wikipedia.org/wiki/Thomas_Midgley_Jr.#Later_life_...
> Midgley participated in a press conference to demonstrate the apparent safety of TEL, in which he poured TEL over his hands, placed a bottle of the chemical under his nose, and inhaled its vapor for 60 seconds, declaring that he could do this every day without succumbing to any problems.
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we are basically living Dune until we're off petroleum from Saudi Arabia.
We are off petroleum from Saudi Arabia. The US now is a net petrol exporter thanks to fracking. We have the cheapest oil in the world.
Earlier quoted context omitted.
A lot of companies have a lot of bonds out. Its not necessarily unhealthy to keep some debt around, especially through the 2013 through 2017 timeframe when interest rates were abnormally low. Elon will have to roll over the debt somehow: either into stock offerings or maybe into new bonds. The meager profits reported this quarter aren't anywhere near the amount they need to pay off those debts... even if the profits…
According to financial theory, how you structure a company has no correlation with its success. Therefore the kind of debt financing that Elon is using is just fine. Financial theory and reality tend to agree except in a crisis. Unfortunately crises do tend to come along periodically. How TSLA weathers the next one will be interesting to see.