Tesla and Uber Unlikely to Survive...
Discussion
98elise said:
dukeboy749r said:
There may be two 'elephant in the room' issues though:
1) I, as a human being, still prefer to do most of the things in my life - agreed a degree of automation is acceptable, welcome even, but not at the expense of me deciding and being, you know 'spontaneous'.
2) Since email, bank/credit cards, most IT of things can/already are/may well be hacked - I am even less sure I'd welcome my car being somewhat (if not totally reliant) on external network factors and the (even remote) chance that someone else decides to throw in a glitch.
1) human beings won't even walk 5ft to change the TV channel! Every generation wants things easier. My great grandmother washed clothes by hand. My grandmother washed them in a twin tub. My mother did hers in a proper Washing machine. If I could buy a washing machine that collected washed and ironed my clothes I would.1) I, as a human being, still prefer to do most of the things in my life - agreed a degree of automation is acceptable, welcome even, but not at the expense of me deciding and being, you know 'spontaneous'.
2) Since email, bank/credit cards, most IT of things can/already are/may well be hacked - I am even less sure I'd welcome my car being somewhat (if not totally reliant) on external network factors and the (even remote) chance that someone else decides to throw in a glitch.
2) even a 1970's car can be "Hacked". You simply reach under the car and cut the brake lines.
Tech moves on, and the only issues is people's fear. Everything you take for granted today was the previous generations new scary technology.
What I don;t accept is becoming part of the Matrix - i.e. you seem to welcome increasing automation to the point that we have to ask - what is left for us to do?
Why do many people hark back to a more simple lifestyle? Because whilst mowing the grass is a major PITA, it gets a fair few sedentary people up and outside, even occasionally. I'd love some more automation (autopilot I am sure helps massively with flying a plane). But having a car do everything for you? You'll be wanting to go on holiday by plugging a cable in the back of your head next.
And ahh, bless. Yes everything is 'hackable' - but its a b
h when your credit card/email/personal identity get compromised. Someone uploading a glitch to a central server that controls all cars - that's presently a scenario I'd welcome being able to avoidCuriosity is an insatiable human facet - become too lazy and the desire to do, to seek, to explore becomes lost.
Not for anything would I welcome that
Tesla earnings call Weds US time, few days notice, weeks earlier than normal.
Citron research, one of the big shorts, switch to long, TSLA goes up %12
https://citronresearch.com/citron-reverses-opinion...
"As much as you can’t believe you are reading this, we can’t believe we are writing this!
The most challenging part of being a short seller is to constantly check your thesis to make sure nothing has changed. You must let all predispositions and prejudices disappear and stay focused on only the facts.
It is in that spirit and with a great deal of analysis and due diligence that we can say for the first time, Citron is long Tesla as the Model 3 is a proven hit and many of the TSLA warning signs have proven not to be significant.
It has been almost 5 years since Citron published the following line:
“By the time this product is even approaching market, there will be multiple other 200-mile range plug-ins that have been out for years.”
Rumors of the Tesla killers have been as constant and unfounded as Bob Lutz’s call for Tesla’s bankruptcy.
While the media has been focused on Elon Musk’s eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry that is currently being DOMINATED by Tesla."
Citron research, one of the big shorts, switch to long, TSLA goes up %12
https://citronresearch.com/citron-reverses-opinion...
"As much as you can’t believe you are reading this, we can’t believe we are writing this!
The most challenging part of being a short seller is to constantly check your thesis to make sure nothing has changed. You must let all predispositions and prejudices disappear and stay focused on only the facts.
It is in that spirit and with a great deal of analysis and due diligence that we can say for the first time, Citron is long Tesla as the Model 3 is a proven hit and many of the TSLA warning signs have proven not to be significant.
It has been almost 5 years since Citron published the following line:
“By the time this product is even approaching market, there will be multiple other 200-mile range plug-ins that have been out for years.”
Rumors of the Tesla killers have been as constant and unfounded as Bob Lutz’s call for Tesla’s bankruptcy.
While the media has been focused on Elon Musk’s eccentric, outlandish and at times offensive behavior, it has failed to notice the legitimate disruption of the auto industry that is currently being DOMINATED by Tesla."
Edited by RobDickinson on Tuesday 23 October 20:35
Burwood said:
It's ok to have an opinion that Tesla is awesome. But to say they will thrive in the medium term is delusional. They will run out of money unless they tap shareholders for more money and there is no clear path to profitability. Their CEO is distracted with many vanity projects and he seems unstable and in need of some help with his public persona.
sigh...RobDickinson said:
Burwood said:
It's ok to have an opinion that Tesla is awesome. But to say they will thrive in the medium term is delusional. They will run out of money unless they tap shareholders for more money and there is no clear path to profitability. Their CEO is distracted with many vanity projects and he seems unstable and in need of some help with his public persona.
sigh...
Basic law of the stock market says the price moves of the rumour not fact, if Tesla turn a operating profit then the price will stick around 300 as it’s widely expected to be close. We’ve seen this time and again, 5000 cars in a week.. price actually fell.
Others will look beyond the quarter at medium term demand. All M3 capacity is selling, but the order book only stretches a few months into the future even when aided by a soon to disappear $10k state subsidy. That has to be a worry on the horizon given what happened in every other country that had a sizeable tax benefit removed.
Others will look beyond the quarter at medium term demand. All M3 capacity is selling, but the order book only stretches a few months into the future even when aided by a soon to disappear $10k state subsidy. That has to be a worry on the horizon given what happened in every other country that had a sizeable tax benefit removed.
Heres Johnny said:
Can anbody name 1 automatic machine/thing where it’s acceptable for anyone to get injured let alone killed? The nearest I can think of is medicine but that kills the person taking the drug and typically with their consent.
The point being, 2x safer than humans isn’t good enough, 10x isn’t good enough either. It needs to be accident free unless there is a major legal shift.
That's just not how it works.The point being, 2x safer than humans isn’t good enough, 10x isn’t good enough either. It needs to be accident free unless there is a major legal shift.
Within Safety engineering you have a fault tree, it's where you combine the series of events that have to occur before an accident occurs.
For example:
Human error is 1 in 1000.
A system designed with safety in mind is as a minimum 1 in 10,000.
An aerospace system will be 1 in 1,000,000
A simple mechanical safety widget might be 1 in 1,000,000,000.
Multiple of the above events will combine to a top level accident occurrence rate. For an injury that'll be as low as 1 in 100,000.
Noted that the CFO exercised some options
http://ir.tesla.com/static-files/d6b63ef3-86f5-451...
some would say his timing was lucky
http://ir.tesla.com/static-files/d6b63ef3-86f5-451...
some would say his timing was lucky
JPJPJP said:
Noted that the CFO exercised some options
http://ir.tesla.com/static-files/d6b63ef3-86f5-451...
some would say his timing was lucky
These stock sales are locked in during the previous quarter to avoid any Whiff of trading on information. http://ir.tesla.com/static-files/d6b63ef3-86f5-451...
some would say his timing was lucky
9am NZ time tomorrow eh Rob
Edited by Burwood on Wednesday 24th October 08:01
RobDickinson said:
I actually considered buying at 260 but it's not easy or quick from nz and I had a lot of other things going on.
I think it could head up to 500 (short term)
That’s not true. It is easy and it is quick. There are numerous online brokers with which to open an account online in just minutes, fund electronically and have full, open access to the US market. I think it could head up to 500 (short term)
Just what is it and your tremendous desire to speak not the truth!
The only reason you didn’t buy is because you didn’t believe in it enough. And if you think it’s going to 500 then you can still fill your boots. With all the profits you could finally buy that EV which you claim to own but again, don’t.
If you want some truth then look to my post last month where I indicated you should look for positive price action in the run up to the results and much more recently where I highlighted that TSLA was holding station as the US market was in a heavy sell off. But these were words of wisdom from a market professional so you wouldn’t have listened. You’ you won’t listen that some of us reckoned targets would be hit this Q. You won’t listen to being called on the complexity of trading US ticks from NZ and you will almost certainly still be claiming you drive an EV.
La la la la. Rob’s not listening.
RobDickinson said:
There's no demand problem..
Please prove. This is the key data that has not been published and that the market is looking for.
There is a hope that the impending data release will clarify new sales by region but this data has not yet ever been published.
Please cite your source for the claim.
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