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Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

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Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#71
post #5

People get upset by the 'superhero' status of Elon Musk. Nerds everywhere worship the guy, buy his cars, watch his SpaceX launches. But honestly, let him have it, I say. He's earning it. He's taking huge risks and succeeding where others weren't willing to try.

He's surfing a thin line these days. I'm not fond of the let's bore tunnels before going to mars games. But yeah, overall he bootstrapped many heavy innovations and drive all around, and inspired a lot of people. All that almost in a vacuum, and globally he's a trustworthy producer (he values value, his cars are tank secured for instance, not crass profit)

I'm of the view that boring a tunnel is part of his bootstrap plan for bringing the same tech to Mars. It's likely that we will have to dig living spaces underground on Mars and bootstrapping better digging tech by finding a good use for it here on earth first is a great bootstrapping strategy.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#72
post #71

Earlier quoted context omitted.

He's surfing a thin line these days. I'm not fond of the let's bore tunnels before going to mars games. But yeah, overall he bootstrapped many heavy innovations and drive all around, and inspired a lot of people. All that almost in a vacuum, and globally he's a trustworthy producer (he values value, his cars are tank secured for instance, not crass profit)

I'm of the view that boring a tunnel is part of his bootstrap plan for bringing the same tech to Mars. It's likely that we will have to dig living spaces underground on Mars and bootstrapping better digging tech by finding a good use for it here on earth first is a great bootstrapping strategy.

Quite plausible indeed. Very much Musk to cross pollinate ideas (solar panel, chargers, tiles, batteries, cars)

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#73

Earlier quoted context omitted.

> People who lose money shorting Tesla are losing their shirts I don't follow. Tesla is down 1.4%. People who shorted Tesla made money today. Plus a lot of people made money shorting Amazon over Amazon's life. Shorting a stock has less to do with a company's business plan/success and more to do with predicting the market itself and how they'll respond to various quarterly results (and the likelihood of such results).…

Buy (or short) the rumor, sell (or close) the news. If you look at the past two months it's grown $75 a share, $25 a share in the past 30 days alone. After hours trading is up, but for the grey edge grinders it was time to profit harvest.

Who are the "grey edge grinders?"

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#74

From their letter (link to below if you want to read) > Later this year, we expect to finalize locations for Gigafactories 3, 4 and possibly 5 (Gigafactory 2 is the Tesla solar plant in New York). Should be an exciting conference call. (5:30pm EST) http://files.shareholder.com/downloads/ABEA-4CW8X0/394401180...

Gigafactory 3: Europe

Gigafactory 4: Asia

Gigafactory 5: Where? Another one in the US?

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#75
post #5

People get upset by the 'superhero' status of Elon Musk. Nerds everywhere worship the guy, buy his cars, watch his SpaceX launches. But honestly, let him have it, I say. He's earning it. He's taking huge risks and succeeding where others weren't willing to try.

He's surfing a thin line these days. I'm not fond of the let's bore tunnels before going to mars games. But yeah, overall he bootstrapped many heavy innovations and drive all around, and inspired a lot of people. All that almost in a vacuum, and globally he's a trustworthy producer (he values value, his cars are tank secured for instance, not crass profit)

his cars are tank secured for instance, not crass profit

What is "tank secured?"

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#76

People who lose money shorting Tesla are losing their shirts for the same reason as those who shorted Amazon: cash flow + growth matters more than profitability, PE ratios, or EPS. Tesla's car business is cash flow positive but the quarterly losses are due to infrastructure investments. This is how finance can be more subtle than meets the eye. Tesla's car business is very profitable: Tesla also reported an automotiv…

> People who lose money shorting Tesla are losing their shirts I don't follow. Tesla is down 1.4%. People who shorted Tesla made money today. Plus a lot of people made money shorting Amazon over Amazon's life. Shorting a stock has less to do with a company's business plan/success and more to do with predicting the market itself and how they'll respond to various quarterly results (and the likelihood of such results).…

I think he meant when TSLA was at $190 to $200 at the time of the merge and the uncertainty of the model 3 production.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#77
post #28

Earlier quoted context omitted.

It's technology. Once it exists, it will continue existing. Every generation must use it wisely and ethically.

Proof increases investor confidence, but that's hardly everything. Tesla contributes somewhat to open source, but ITAR and shrewdness means a ton of their tech is classified. If they folded, a great deal of that would be bureaucratically inaccessible, gone, or irrelevant. If we wanted to go to the moon again, we would basically have to start over from scratch. The Saturn V plans exist but the infrastructure, manufact…

Plans are 10% of actually building something, at that level. Materials aren't legos, each product needs to be qualified and have its idiosyncrasies addressed

Something often forgotten when companies offshore production.

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#78
post #70

Earlier quoted context omitted.

Definitely not something any sane money manager would recommend. I accept the risk. I could go to zero and crawl my way back pretty quickly.

Err, how?

By making a lot more now than I used to

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#79
post #70

Earlier quoted context omitted.

Definitely not something any sane money manager would recommend. I accept the risk. I could go to zero and crawl my way back pretty quickly.

Err, how?

Maybe he is young and his net worth is very low compared to his anticipated future earnings??

Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates

#80
post #35
post #21

Earlier quoted context omitted.

How were the pyramids built?

It really does not matter as we could build them today with a lot less effort. It would cost something like $5 billion today and would take ~2,000 people ~5 years. Which is relatively speaking a lot less expensive. Put another way, Bill G could build ~17 of them in his lifetime and not be broke.

It would cost something like $5 billion today and would take ~2,000 people ~5 years. Which is relatively speaking a lot less expensive. Put another way, Bill G could build ~17 of them in his lifetime and not be broke.

Awesome! What's at one time only the province of the greatest empire on the planet could become just one of many of a billionaire's projects. Let's scale this out from the present day with something of seemingly unattainable current value: How about The United States of America? Maybe several decades hence, a billionaire will have made himself the equivalent? Colonization of Mars, anyone?

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