Tesla Model 3 revealed

Author
Discussion

Leithen

10,800 posts

266 months

Wednesday 22nd June 2016
quotequote all
Those shorting Tesla must be overjoyed! hehe

walm

10,609 posts

201 months

Wednesday 22nd June 2016
quotequote all
FurtiveFreddy said:
walm said:
Shareholders not happy.
Musk isn't happy about his own deal?
Obviously I mean shareholders other than him you pedant!! smile

In any case, the deal tanked Tesla -13% while bumping Solarcity 18%.
Musk owns roughly 31m shares of TSLA and 22m of SCTY.
If you do the math his net worth has just dropped from $7.2bn to $6.4bn. (Not including any options.)

So he may well be having second thoughts, yes!!

FurtiveFreddy

8,577 posts

236 months

Wednesday 22nd June 2016
quotequote all
walm said:
Obviously I mean shareholders other than him you pedant!! smile
You've spoken to the other shareholders then? Where have they said they're unhappy?

Dave Hedgehog

14,541 posts

203 months

Wednesday 22nd June 2016
quotequote all
FurtiveFreddy said:
walm said:
Shareholders not happy.
Musk isn't happy about his own deal?
"Hey Elon"

"Hey other Elon"

"I am not happy about our deal, what do you think"

"its fine other Elon"


walm

10,609 posts

201 months

Wednesday 22nd June 2016
quotequote all
FurtiveFreddy said:
walm said:
Obviously I mean shareholders other than him you pedant!! smile
You've spoken to the other shareholders then? Where have they said they're unhappy?
Are you a little slow?

The stock is down -13%.
That's what happens when you do a crap deal and DISAPPOINT YOUR SHAREHOLDERS.

If it was a great deal, the stock would go up.
It's that simple.

danrst171

103 posts

99 months

Wednesday 22nd June 2016
quotequote all
walm said:
Are you a little slow?

The stock is down -13%.
That's what happens when you do a crap deal and DISAPPOINT YOUR SHAREHOLDERS.

If it was a great deal, the stock would go up.
It's that simple.
I only see a drop of 10% in after close change?

walm

10,609 posts

201 months

Wednesday 22nd June 2016
quotequote all
danrst171 said:
I only see a drop of 10% in after close change?
Yes, that's the pre-market (this morning).
The after-market (last night) was down -13%.
So it's up roughly 2.5% from then.

Either way it isn't a ringing endorsement of the deal, and for good reason IMHO.

FurtiveFreddy

8,577 posts

236 months

Wednesday 22nd June 2016
quotequote all
walm said:
.

Either way it isn't a ringing endorsement of the deal, and for good reason IMHO.
IF the shareholders aren't happy, they can vote against the deal then can't they?

Your opinion is not necessarily that of the shareholders, so maybe you should stop speaking on their behalf?

walm

10,609 posts

201 months

Wednesday 22nd June 2016
quotequote all
FurtiveFreddy said:
IF the shareholders aren't happy, they can vote against the deal then can't they?

Your opinion is not necessarily that of the shareholders, so maybe you should stop speaking on their behalf?
This isn't a matter of opinion really.
The stock price tells you the shareholder view.
It's my job to interpret stock moves.
I am just saying what this particular move means.

And yes, absolutely they can vote against the deal, but owing to the block voting by certain groups and given the board approved the deal - it's often tough to gamble on a vote going the way you want it.

Often it's just easier to sell your shares!

Artey

757 posts

105 months

Wednesday 22nd June 2016
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babatunde said:
The man builds Rocket Ships, which is going to be my standard answer to anyone who doubts Tesla is here to stay
Dude, that's sooo deep. You could sell this insight to Brazil, looks like they really need help at the moment.

Blaster72

10,772 posts

196 months

Thursday 30th June 2016
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Seeing as this seems to have become a Tesla any model thread, there's a story on the BBC news about a fatal crash in which autopilot was being used

http://www.bbc.co.uk/news/technology-36680043


RobDickinson

31,343 posts

253 months

Thursday 30th June 2016
quotequote all
Blaster72 said:
Seeing as this seems to have become a Tesla any model thread, there's a story on the BBC news about a fatal crash in which autopilot was being used

http://www.bbc.co.uk/news/technology-36680043
Interesting, this stuff will have to be thrashed out in courts I suspect. Was the driver using it correctly (it does need supervision)? Is it right to just throw this effectively beta level function out to untrained users?

Another part of the argument is Tesla have solid data that says their autopilot is safer than humans, the mean time between deaths is 1.4 times that of people...

Artey

757 posts

105 months

Friday 1st July 2016
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RobDickinson said:
Another part of the argument is Tesla have solid data that says their autopilot is safer than humans, the mean time between deaths is 1.4 times that of people...
But does Tesla have enough cash to throw at whatever is needed to win the public and to convince everyone that they are right. What about those asking for a refund on the disabled functionality or perhaps class action suit.

RobDickinson

31,343 posts

253 months

Friday 1st July 2016
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Dos tesla have enough cash to meet some wild speculation about some possible outcomes? Who the fk knows?

Flooble

5,565 posts

99 months

Friday 1st July 2016
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It does mean Tesla can no longer use the line "no Tesla owner has died in their car".

Camoradi

4,285 posts

255 months

Friday 1st July 2016
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Flooble said:
It does mean Tesla can no longer use the line "no Tesla owner has died in their car".
New slogan: "We abandoned our safety testing, and passed the savings on to you!"

smile

walm

10,609 posts

201 months

Friday 1st July 2016
quotequote all
Camoradi said:
Flooble said:
It does mean Tesla can no longer use the line "no Tesla owner has died in their car".
New slogan: "We abandoned our safety testing, and passed the savings on to you!"

smile
They could still have "No Tesla owner has died at the wheel of their car..."

WestyCarl

3,217 posts

124 months

Friday 1st July 2016
quotequote all
This was always going to happen, no matter how much safer Auto Pilot is. I guess Tesla have prepared for this eventuality.

Interestingly, if there is a recall (that doesn't involve hardware), Tesla could just do remotely and cover the whole fleet within a few days. Much quicker, more efficient and safer than traditional recalls.

98elise

26,376 posts

160 months

Friday 1st July 2016
quotequote all
walm said:
FurtiveFreddy said:
IF the shareholders aren't happy, they can vote against the deal then can't they?

Your opinion is not necessarily that of the shareholders, so maybe you should stop speaking on their behalf?
This isn't a matter of opinion really.
The stock price tells you the shareholder view.
It's my job to interpret stock moves.
I am just saying what this particular move means.

And yes, absolutely they can vote against the deal, but owing to the block voting by certain groups and given the board approved the deal - it's often tough to gamble on a vote going the way you want it.

Often it's just easier to sell your shares!
Does the recent recovery mean that the shareholders are now happy (apart from the effect of a fatal crash on autopilot!)?

skyrover

12,668 posts

203 months

Friday 1st July 2016
quotequote all
RobDickinson said:
Interesting, this stuff will have to be thrashed out in courts I suspect. Was the driver using it correctly (it does need supervision)? Is it right to just throw this effectively beta level function out to untrained users?

Another part of the argument is Tesla have solid data that says their autopilot is safer than humans, the mean time between deaths is 1.4 times that of people...
Autopilot only works on Motorways, so it can't really be compared to human crash statistics.