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Reilly
Mountain climber
The Other Monrovia- CA
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The market has spoken...
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Banks
Trad climber
Santa Monica, CA
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I thought by now the Tesla bulls would have come to spin this as good news. Or maybe reality is finally setting in?
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formerclimber
Boulder climber
CA
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I thought by now the Tesla bulls would have come to spin this as good news.
Yeah...it bounced off major support level :)
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Splater
climber
Grey Matter
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The cost [of Muskspace rocket trip] will be around 50 times as much CO2 as an economy seat trip would produce. But I don't suppose Musk supporters care about that.
The ultimate contradiction.
Supposedly Tesla exists to reduce GHGs.
But rocket tourism exists to create GHGs.
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couchmaster
climber
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This ones for Reilly: "You can't spell felon without elon."
BTW, no sense watching the stock price all day, today it's back up $7.18/share on the day to 274.96(+2.68%). I would not get on that roller coaster under any circumstances, but can understand why Moose, who got in at $4 a share or some such, would NOT want to sell and have the taxman grab his ankles, turn him upside down, and shake out all of his gains.
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Reilly
Mountain climber
The Other Monrovia- CA
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Banksy, all the TSLA bulls are now steers, especially Moosie.
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Reilly
Mountain climber
The Other Monrovia- CA
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Apr 10, 2019 - 03:39pm PT
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Couch, the Kool Aid Krew have a lot of money to waste in dragging out the inevitable.
The shorts will prevail.
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monolith
climber
state of being
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Apr 12, 2019 - 07:09am PT
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Fairings were recovered as well, though after a splashdown instead of the net. They will be reused.
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High Fructose Corn Spirit
Gym climber
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Apr 16, 2019 - 08:24pm PT
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Moose, of all things, eh?
Like losing your climbing shoes, your rope, or a sling of cams after a great full-on day of climbing. Sheesh.
...
Edit:
Hey, where'd your post go? re: loss of the core booster. Dang.
I see now. Take care, Moose.
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Banks
Trad climber
Santa Monica, CA
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Apr 23, 2019 - 02:04pm PT
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The Tesla pivot has begun. With demand cratering and its future as an auto maker in peril, Tesla is now a robotaxi startup. According to Musk, a year from now, Tesla will be capable of level 5 autonomy in its cars and expects over a million robotaxis on the roads. This of course is pure fantasy. Can't wait for tomorrow's earnings report.
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healyje
Trad climber
Portland, Oregon
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Apr 24, 2019 - 03:35am PT
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Automobile ownership is in decline overall, all automakers are contemplating robotaxi and sharing biz models.
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brotherbbock
climber
So-Cal
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Apr 24, 2019 - 07:26am PT
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This thread is too political...
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Banks
Trad climber
Santa Monica, CA
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Apr 24, 2019 - 09:56am PT
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Yes, automakers are pursuing robotaxis and ride sharing as part of their business plan. But Musk was just making sh#t up, per usual, on Monday. He's been promising fully autonomous cars for three years now. They have been years behind everyone else in autonomous development and suddenly they are going to leap frog everyone and have Level 5 cars next year? Pure fantasy. It's just another scheme to stoke the hype and get people to pay more money for nothing.
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August West
Trad climber
Where the wind blows strange
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Apr 24, 2019 - 10:22am PT
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^^^
I wish there was a way to bet against Musk on that claim. Sure, you can always short Tesla stock, but you can go broke waiting for market fundamentals to overcome diehard supporters.
A few years ago my co-worker bet me that by the end of 2020, a random person (not a one-off reporter, for instance), would be able to fly into Sacramento airport and take a driverless car (that did not have a human driver ready to take over) to any suburban destination in the city. I'm feeling pretty good that I'm going to win that bet.
I think driverless cars will arrive eventually, but they still have a long way to go before they are deemed safe enough for American streets. I expect China, Japan, and South Korea to have driverless cars long before the US. For legal reasons and consumer acceptance, not technical ones.
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Reilly
Mountain climber
The Other Monrovia- CA
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Apr 24, 2019 - 10:36am PT
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So there have been how many crashes and deaths either due to the autopilot malfunctioning or techno-junkies blindly entrusting their lives to it? Have heard of at least two that suddenly veered across three lanes. Haven’t heard of one with Volvo’s, but then Volvo practically invented auto safety. I have many hundreds of miles using mine and my only complaint is that it is sometimes too cautious, not a bad thing IMHO.
(Reuters) - Tesla Inc on Wednesday reported a $700 million loss for the first quarter and said it would also lose money in the second as it struggled to deliver cars to customers and launched a cheaper version of its Model 3 sedan.
The company said it ended the quarter with just $2.2 billion in cash, after paying off a $920 million convertible bond obligation in March.
Tic-Toc
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Ezra Ellis
Trad climber
North wet, and Da souf
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Apr 24, 2019 - 04:53pm PT
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So Tesla lost 702 million dollars in the first quarter,
They Delivered 63,000 vehicles.
This was short of expectations, and they may need to raise capital soon.
It will be an interesting year at Tesla.
The Tesla koolaid might be a bit bitter soon
Lol
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Reilly
Mountain climber
The Other Monrovia- CA
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Apr 25, 2019 - 08:34am PT
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Tesla’s earnings were a ‘debacle,’ says longtime bull in scorching commentary
Tesla Inc.’s first-quarter earnings and accompanying call with analysts was “one of (the) top debacles we have ever seen,” according to one longtime Tesla bull, who said Thursday he was throwing in the white towel and dropping his buy rating on the stock.
“In our 20 years of covering tech stocks on the Street we view this quarter as one of top debacles we have ever seen while Musk & Co. in an episode out of the Twilight Zone act as if demand and profitability will magically return to the Tesla story,” Ives wrote in a note to investors. “Ultimately we believe the company’s guidance is aggressive and management/board is not taking aggressive enough cost cutting actions and shutting down future endeavors to preserve capital and give a sustained path to profitability for the Street.”
They won’t need anybody to turn out the lights cause the power will already have been cut off.
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