Discussion Topic |
|
This thread has been locked |
August West
Trad climber
Where the wind blows strange
|
|
|
Jul 13, 2018 - 11:27am PT
|
Credit where credit is due:
Congrats Tesla on meeting the goal of 5000 cars/week by the end of 2017, I mean the end of Q1 of 2018, I mean the end of Q2 of 2018.
I guess I'm a little late, but so were they.
|
|
tooth
Trad climber
B.C.
|
|
|
Jul 13, 2018 - 11:36am PT
|
Jim Brennan
Trad climber
Jul 5, 2018 - 06:23pm PT
68.7 million in state tax taken off of the back of any good corporate citizen is what shiny, happy people like.
Dentist, you should be the first to understand the devil in the details having made your living in the space a coffee cup affords.
There are always flees to get rid of, who learned how to talk.
So assuming this is correct, who is to blame? The guy who put the bids out to fifty states or the politicians who came in with a the bids to take tax money from individuals and give it to corporations (If you want to look at it that way)? Of all the billions of government subsidies spent on oil this year, who is to blame? Exxon or Schell who make billions in profit, or the government who gave it to them from your pocket? That money could have gone toward a wall, or have stayed in your pocket! U live in a capitalist republic. Don't blame the players. What would you say about a guy who didn't take the best bid and went with the worst one? Why not complain about the CA politicians who bid even more public money away (but overall didn't have the best bid so it hasn't happened with a GF yet?)
|
|
tooth
Trad climber
B.C.
|
|
|
Jul 13, 2018 - 11:40am PT
|
Capitalist Republic. Communist Dictatorship. Socialist Democracy. They all have issues. You are complaining about this one, you could have human rights issues like in China etc. That says more about your government to me than your fellow citizens who are just playing by the rules that you as a society have set up for yourselves. If you were a democracy, the popular vote would have won. Instead, the country has elected someone who is actively pushing for more of this sort of thing, building corporations with the help of government. Lowering corporate taxes, trade wars in support of USA, USA! The intent is there, and this will happen to more than just Tesla and 'clean' coal companies. Does it make the owner/owners/shareholders of these corporations little devils, or is the system that you all live in and pay taxes into kinda letting the little folks down?
I left the US when my yearly taxes started to get high and realized that I really am Canadian. I like having a public safety net for those of us in our society who need help, healthcare or home care. While watching stealth bombers fly by my office window each day in Guam and see where the majority of my tax dollars were going, I made the decision to move back to Canada. I don't think that individual, Citizens in your country are to blame for playing the game that is set up in your country. I see the inter fighting as needless and sad. I don't support it from a tax end, but I support Tesla by driving their SUV. So you could say I don't support the government directly, as I like another system better, but I do support the results and products that are put out by the results of how your system used to work. We don't know the results that will come out of the changes that are currently being made, but I'm sure it will turn out well for those who are already doing well!
|
|
tooth
Trad climber
B.C.
|
|
|
Jul 15, 2018 - 09:32am PT
|
Please show me the facts to prove your theory that his presence slowed the production yet still hit the 5000/day goal only after he spent time there.
|
|
August West
Trad climber
Where the wind blows strange
|
|
|
Jul 15, 2018 - 12:30pm PT
|
it was essentially three months with a tiny break of like one day that I wasn't there.
Yes, this how you want your CEO of 3 different billion dollar companies to spend his time and energy.
I mean what could possibly go wrong when your CEO is in the factory doing actual production work, making plans to create a boring company and selling this idea to cities, and running over to Asia to try and rescue kids from a cave.
I'm sure the companies run on autopilot just like Tesla's do.
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
|
Jul 15, 2018 - 11:01pm PT
|
Took a tour of Volvo’s Torslanda factory last month. For a place that puts out a car every minute it was amazingly serene. Nobody looked stressed in the least. In fact, because Volvo values its employees’ mental welfare (as well as physical - duh) everybody changes jobs at a rate of every 45-90 minutes so they don’t get bored and they can enjoy someone else’s company! Apparently the 1400 robots don’t enjoy that perq. But they didn’t look too bothered either.
Sorry, no pics, you have to give yer cell phone to the nice Swedish lady (actually she was American! 🙀) before you can get on the tram.
ps
In the interest of journalistic integrity I should point out that I’m pretty sure I saw some members of the Swedish Bikini Team working there, dungarees not withstanding.
|
|
10b4me
Social climber
Lida Junction
|
|
|
Jul 16, 2018 - 06:02pm PT
|
Musk is an ass.
|
|
tooth
Trad climber
B.C.
|
|
|
Jul 16, 2018 - 06:11pm PT
|
622 miles on a single charge on a Model 3 is the new record. I just climbed in Squamish this weekend and slept in my Tesla both nights. Nobody bothered me (unlike in my Outback or Toyota) and I could keep the climate control on all night and it silently kept me cool while filtering out crap with the HEPA/carbon bioweapons defence mode. I never notice it until I drive my truck and can smell every other car on the road. We really need to make the conversion to electric. It is such a better product to use.
|
|
Mtnmun
Trad climber
Top of the Mountain Mun
|
|
|
Jul 16, 2018 - 08:10pm PT
|
Elon should just STFU and stick to what he does best, build cool sh#t.
|
|
SteveW
Trad climber
The state of confusion
|
|
|
Jul 16, 2018 - 08:23pm PT
|
Seems to be a real fool.
|
|
couchmaster
climber
|
|
|
Jul 18, 2018 - 07:10pm PT
|
Please help Elon, GoFundMe started to put the kids back in the cave so Elon can rescue them.
|
|
john hansen
climber
|
|
|
Jul 18, 2018 - 09:44pm PT
|
Moose I believe you bought in at $ 17 dollars a share,, you should feel pretty good.
Hope you bought a few thousand shares. At that price you can afford to hang around for ever in the hope Musk pull's it off.
Got in at 196 and out at 271. 38 percent over 40 months.
I can live with that.
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
|
Jul 22, 2018 - 12:26am PT
|
Something is wrong with the world, I haven’t heard a thing from EM or about Tesla in like days! WTF?
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
|
Jul 23, 2018 - 05:54am PT
|
Whew! I was wortied!
Reuters:
Shares of Tesla Inc fell more than 4 percent in trading before the bell on Monday, after a
report that the electric car maker has turned to some suppliers for a refund of previously made
payments in a bid to turn a profit.
Tesla has asked some suppliers to refund money paid by the electric car maker since 2016,
the Wall Street Journal reported on Sunday citing a memo.
The desperation manifests itself.
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
|
Jul 23, 2018 - 11:14pm PT
|
Reiters:
By Kate Duguid | NEW YORK
The amount investors must pay to insure their debt holdings in Tesla Inc against declining
credit quality rose on Monday to its second-highest price ever, implying the company is at a
greater risk of default following a report that sparked concern that Tesla may need to raise
funds.
Insurance on Tesla's debt, which is sold as a credit default swap contract, increased from
Friday by 13 cents to $5.96 per $100 of Tesla debt. That followed a Wall Street Journal report
on Sunday that Tesla had turned to some suppliers for a refund of previously made payments
in a bid to make a profit, citing a memo sent by a Tesla global supply manager.
A Tesla spokesperson said on Monday that the company had no comment on the credit
default swaps, but said in a statement in response to the WSJ story that Tesla had asked
fewer than 10 suppliers to reduce capital expenditure project spending. Tesla said that any
changes with these suppliers would improve future cash flows but not affect its ability to
achieve profitability in the third quarter.
Company founder and Chief Executive Officer Elon Musk may be obligated to tap debt or
equity markets again this year, according to analysts, though he has said he would do neither.
The market's faith in Musk's ability to raise cash if needed has kept Tesla's implied risk of
default lower than similarly rated junk bonds and has propped up the price of its debt,
according to analysts.
Tesla's junk bond coming due in 2025 fell 1.75 cents to trade as low as 88.875 cents on the
dollar, its biggest drop since Moody's downgraded the company's senior notes to Caa1
following production delays.
It cost $5.96 to insure $100 of Tesla's debt, plus an upfront cost of around 18 percent,
representing a total of 24.1 percent of the face value of the 2025 bond on Monday.
"The CDS is saying that there are a lot of people betting this company is going out of
business," said Thomas Graff, head of fixed income at Brown Advisory.
Tesla has burned cash ramping up production of its Model 3 sedan, which prior to July, had
fallen short of a series of targets.
Profitability has been elusive for Tesla. There is over $11.5 billion of short interest on Tesla's
shares, the largest of such positions in the U.S. market by dollar value, according to financial
analytics firm S3 Partners.
A short position is a bet that a company's shares will fall in price. Investors borrow shares in
the hopes of selling them and then buying back shares at a lower price to repay the loan,
allowing them to pocket the difference.
As a percentage of outstanding shares, Tesla's short interest is 20.4 percent, which places it in
the top 50 most shorted stocks on the Nasdaq.
The implied market probability of a default on Monday rose to 38.9 percent from 38.3 percent
on Friday, according to Thomson Reuters Eikon. The probability of a default was 34.19
percent when the credit-default swap contract, the first and only referencing a Tesla bond,
launched on June 27.
Compared to Monday's swoon in the bond price, the increased default probability seems low.
That is explained, however, by the illiquid state of Tesla's CDS, which have had only one
trader, Edward Koo at JPMorgan, regularly offering quotes on the swap, according to Reuters
trading sources who requested anonymity because the quotes are not public.
Because it has become harder to find third parties who are willing to take on credit risk via
CDS since the financial crisis, market makers sometimes have to absorb that risk themselves.
That raises CDS prices.
But the opportunity offered by Monday's falling bond price saw a market maker added to the
mix, with Goldman Sachs quoting an upfront price of 18 basis points to buy debt protection,
and 16 to sell, according to Reuters trading sources with access to the quotes. JPMorgan's
quote was 23 points for buyers, versus 18 for sellers, up a point for both parties from last
Wednesday's quote.
(Reporting by Kate Duguid; Additional reporting by Vibhuti Sharma; Editing by Leslie Adler)
|
|
tooth
Trad climber
B.C.
|
|
|
Jul 31, 2018 - 04:31am PT
|
|
|
MikeL
Social climber
Southern Arizona
|
|
|
Jul 31, 2018 - 06:26am PT
|
Tooth,
in the Credit box at the bottom of the illustration, you might consider citing where you got it. I assume you didn’t put the data together. There are a few science types here.
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
|
Jul 31, 2018 - 06:52am PT
|
And why is there a graphic of a Model X on that graph? Kind of calls into question its credibility, huh?
All those other makes actually deliver cars they sell.
|
|
|
SuperTopo on the Web
|
Let us know!