And then their stock tanked
https://www.zerohedge.com/news/2019-...ars-disappoint
And then their stock tanked
https://www.zerohedge.com/news/2019-...ars-disappoint
Ten years from now you'll wish you had bought in at ~$300 per share. They just announced the car that will sell 500k units worldwide this year all while decreasing the cost to build of them a full 6%... well ahead of schedule.
Your "tanked stock" is speculative since at the close of trading it was up on the day. Again. The stock was under $100 five years ago but now somehow $310 is "tanking"?
They can make tomorrow's quarterly loan payment back in cash and if the stock goes crazy tomorrow and closes at $359+/share they can actually satisfy the loan payment entirely with stock which frees up the $700mil they have in cash to buy another factory in Europe. This would free up a massive bottleneck they're experiencing trying to get Model 3's to all of the people who have ordered them in Europe. Again, more demand than supply is a good problem to have in business and yet the EV haters keep trying to sell it like some sort of a negative.
"They'll never be able to build that car that can do all of those things" and then they built it. Then it was "They'll never ramp up production to meet all of the demand" and they did that ahead of schedule. Then it was "They'll never be able to make it for $35k" and today that day came. All ahead of schedule. Now it's their stock? What's next? I mean, when will you people who just hate to hate learn to take an "L" and move on with your life.
I know you saw a negative headline on some website (probably didn't even read the words contained therein) and got a anti-EV stuffy but there's a bigger picture that the shorts and anti-EV people aren't seeing.
I'm not fat, I'm tactically padded.
Tactical Commander - Fast Action Response Team (F.A.R.T.)
For my feedback Click Here.
Click: For anyone with a dog or pets, please read
I'm not fat, I'm tactically padded.
Tactical Commander - Fast Action Response Team (F.A.R.T.)
For my feedback Click Here.
Click: For anyone with a dog or pets, please read
Ten years from now, Tesla will be the Delorean of the 21st Century.
You've previously stated as "fact" that no-one comes close to Tesla in EV technology. The true fact is that all the major manufactures are heavily invested in it and once they start selling, Tesla will be quickly crushed - as they have been barely hanging on for years - propped up by subsidies and wealthy morons. First, Tesla could not deliver on orders (supply side lies) Now, they can't get enough interest and are dropping prices (Demand side lies). They're closing dealerships and selling onlineTesla has run itself into the ground as a ponzi cult and 10 years from now I will look back and giggle.
I'm not fat, I'm tactically padded.
Tactical Commander - Fast Action Response Team (F.A.R.T.)
For my feedback Click Here.
Click: For anyone with a dog or pets, please read
Indeed. Jer has also repeated the 7,000 vehicle per week number that was also walked back to 'by the end of the year'. I also read an assertion that the layoffs were assembly workers being replaced by further automation, yet Tesla stated that the layoffs were not assembly personnel.
...but somebody was on a roll.
Last edited by Gman; 02-28-2019 at 21:43.
Liberals never met a slippery slope they didn't grease.
-Me
I wish technology solved people issues. It seems to just reveal them.
-Also Me
I'm not fat, I'm tactically padded.
Tactical Commander - Fast Action Response Team (F.A.R.T.)
For my feedback Click Here.
Click: For anyone with a dog or pets, please read