Tesla and Uber Unlikely to Survive...

[RumbleOfThunder]

oop north said:

RumbleOfThunder said:

https://www.wsj.com/articles/tesla-asks-suppliers-...

This type of thing done in big business? Sounds a little Dragons Den to me.

I may not have remembered his accurately but isn’t this something that Tesco did?

Honestly don't know. However I think it's clear that they are in desperate need of more capital to feed their debt problem. There's only so many billions you can spend before investors demand a return. Green philanthropy will only go so far.

[Burwood]

oop north said:

RumbleOfThunder said:

https://www.wsj.com/articles/tesla-asks-suppliers-...

This type of thing done in big business? Sounds a little Dragons Den to me.

I may not have remembered his accurately but isn’t this something that Tesco did?

Not exactly. Tesco told there suppliers what they expected and when the supplier said no, Tesco took the discount against what they owed the supplier and back listed them. Tesla are doing it because may be insolvent by Christmas if something doesn't change. I personally think some big changes will take place at Tesla. It has serious governance issues and is burning cash at an alarming rate.

The Germans are a serious EV threat

[WestyCarl]

RumbleOfThunder said:

oop north said:

RumbleOfThunder said:

https://www.wsj.com/articles/tesla-asks-suppliers-...

This type of thing done in big business? Sounds a little Dragons Den to me.

I may not have remembered his accurately but isn’t this something that Tesco did?

Honestly don't know. However I think it's clear that they are in desperate need of more capital to feed their debt problem. There's only so many billions you can spend before investors demand a return. Green philanthropy will only go so far.

In the Auto industry it's common place, surprised Tesla haven't done it already.

[RumbleOfThunder]

WestyCarl said:

RumbleOfThunder said:

oop north said:

RumbleOfThunder said:

https://www.wsj.com/articles/tesla-asks-suppliers-...

This type of thing done in big business? Sounds a little Dragons Den to me.

I may not have remembered his accurately but isn’t this something that Tesco did?

Honestly don't know. However I think it's clear that they are in desperate need of more capital to feed their debt problem. There's only so many billions you can spend before investors demand a return. Green philanthropy will only go so far.

In the Auto industry it's common place, surprised Tesla haven't done it already.

Do you have examples? This is new to me would be happy to read up. What's this practice even called?

[jamoor]

gangzoom said:

Am amazed how much some people want Tesla to fail, as a car enthusiast I think Tesla is the best thing to happen to the motor industry in a long long time.

Edited by gangzoom on Monday 23 July 05:09

Indeed, Toyota was the last to provide this level of innovation.

[emicen]

RumbleOfThunder said:

WestyCarl said:

RumbleOfThunder said:

oop north said:

RumbleOfThunder said:

https://www.wsj.com/articles/tesla-asks-suppliers-...

This type of thing done in big business? Sounds a little Dragons Den to me.

I may not have remembered his accurately but isn’t this something that Tesco did?

Honestly don't know. However I think it's clear that they are in desperate need of more capital to feed their debt problem. There's only so many billions you can spend before investors demand a return. Green philanthropy will only go so far.

In the Auto industry it's common place, surprised Tesla haven't done it already.

Do you have examples? This is new to me would be happy to read up. What's this practice even called?

I’m sure the supply chain bloke with decades of experience in the article, the one who stated it wasn’t common practise, would appreciate examples also.

[Tony427]

RumbleOfThunder said:

What's this practice even called?

Blackmail, robbery or obtaining money through menaces......allegedly.

What would be interesting is if one of his key suppliers just tells him to take a jump. Key component shortages would prtobably arise and that tent can only hide so much.

[Burwood]

jamoor said:

gangzoom said:

Am amazed how much some people want Tesla to fail, as a car enthusiast I think Tesla is the best thing to happen to the motor industry in a long long time.

Edited by gangzoom on Monday 23 July 05:09

Indeed, Toyota was the last to provide this level of innovation.

I certainly don’t wish it. And yes they got every other serious car maker into EV. But, they have real, serious issues and in my opinion will go bust or be taken over when the carcass is like warm

[jamoor]

Burwood said:

jamoor said:

gangzoom said:

Am amazed how much some people want Tesla to fail, as a car enthusiast I think Tesla is the best thing to happen to the motor industry in a long long time.

Edited by gangzoom on Monday 23 July 05:09

Indeed, Toyota was the last to provide this level of innovation.

I certainly don’t wish it. And yes they got every other serious car maker into EV. But, they have real, serious issues and in my opinion will go bust or be taken over when the carcass is like warm

This is the only way you could setup a new car company, the barriers to entry are so great that anyone will have serious cash issues doing it.

[Welshbeef]

Tony427 said:

RumbleOfThunder said:

What's this practice even called?

Blackmail, robbery or obtaining money through menaces......allegedly.

What would be interesting is if one of his key suppliers just tells him to take a jump. Key component shortages would prtobably arise and that tent can only hide so much.

This happens ALL the time in the supermaket business & also Carillion did it too. It’s far far more common than yours ever realise

[Flumpo]

Welshbeef said:

Tony427 said:

RumbleOfThunder said:

What's this practice even called?

Blackmail, robbery or obtaining money through menaces......allegedly.

What would be interesting is if one of his key suppliers just tells him to take a jump. Key component shortages would prtobably arise and that tent can only hide so much.

This happens ALL the time in the supermaket business & also Carillion did it too. It’s far far more common than yours ever realise

B&q do this with their suppliers all the time too. I knew a company that provided them building materials and they ended up expecting it and factoring it in to the original costs.

No idea about the car supply trade though.

[Burwood]

jamoor said:

Burwood said:

jamoor said:

gangzoom said:

Am amazed how much some people want Tesla to fail, as a car enthusiast I think Tesla is the best thing to happen to the motor industry in a long long time.

Edited by gangzoom on Monday 23 July 05:09

Indeed, Toyota was the last to provide this level of innovation.

I certainly don’t wish it. And yes they got every other serious car maker into EV. But, they have real, serious issues and in my opinion will go bust or be taken over when the carcass is like warm

This is the only way you could setup a new car company, the barriers to entry are so great that anyone will have serious cash issues doing it.

I agree but I don’t think they are a serious car company. I mean, they don’t have the cash and their CEO is distracted and is a governance nightmare. He’s a very smart man but he isn’t suited to ‘client facing’. He should resign and keep quiet. Does anyone believe that VAG won’t beat them on quality, utility and price within 5 years? Quote me. Short the stock

[AstonZagato]

Burwood said:

Short the stock

You go first

[Burwood]

AstonZagato said:

Burwood said:

Short the stock

You go first

I did

[RobDickinson]

Vag still don't have anything equivalent of the 2011 model s on the road let alone the 3.

Even with their 70bn investments they won't have mass production before 2020 and that at a level similar to model 3 today. If everything goes well...

I'm not saying they won't catch up eventually but it'll take them 5 years to get to where Tesla is today.

[Burwood]

My opinion is meaningless. Good cars, innovative and cutting edge. The company is broken and the CEO reckless. See you at 250 by Xmas.

[RobDickinson]

They were supposed to be busy already. Why is it always 6 months away?

[CABC]

Germans (and others) were caught off guard in 2014/15.
Now they're coming with purpose and Tesla will need to be more than just "new, cool, hip".
Japanese excel at reliable tech, and once the market accepts that EV cars really are a thing they'll do very well.
And good luck to Jaguar in the premium market.
Musk really did exceptionally well at disrupting the market. now things are hotting up.

[hyphen]

CABC said:

Germans (and others) were caught off guard in 2014/15.
Now they're coming with purpose....

Perhaps, or perhaps they consciously stuck with what has continued to make them massive amounts of money, biding their time until the leccy market was ready.

[Heres Johnny]

CABC said:

Germans (and others) were caught off guard in 2014/15.
.

How come? You say that like they were ignoring the market.

Did BMW not launch the i brand with a full EV and have made hybrids and rex?

Did Merc not actually own a chunk of Tesla back then and had them make a car for them?

Is the eGolf a figment of the imagination?

Tesla has caught the imagination of buyers but its not like the other manufacturers weren't in the market in some form. Volumes until now have still been relatively modest, the model 3 volumes are still to be properly tested for sustainability, the 500k reservations are appearing slow to convert to orders, and while there is undoubtedly a market for the cars, the size of that market at the current price points is still to be seen.