Tesla and Uber Unlikely to Survive (Vol. 2)

[ZesPak]

SWoll said:

He did say 'most'.

An accurate statement for 99% of cars on the road I'd suggest.

You can say the same thing about BMW and even Porsche.
There's a reason BMW is ditching the manual gearbox on the M3, as so little of their customers are selecting it.
Far from exclusive to Tesla idd.

[gregs656]

I wonder if later iterations of the yoke will have a fixed hub like Citreon did with the C4.

At the moment it looks pretty awkward. As a motorcyclist there is something pleasing about having controls at your finger tips but the constantly changing orientation gets confusing. I found that even with wheel mounted paddles.

[anonymous-user]

Whats the steering rack ratio?

Any more than needing 1/2 turn either way will be a disaster.

[snowandrocks]

jsf said:

Whats the steering rack ratio?

Any more than needing 1/2 turn either way will be a disaster.

Unless there's some sort of variable ratio rack then surely it needs to be more than 1 turn lock to lock - a sneeze at motorway speeds could be pretty dramatic!

The rack in the model 3 is already too sensitive in my opinion.

[Clive Milk]

jsf said:

Whats the steering rack ratio?

Any more than needing 1/2 turn either way will be a disaster.

Here it is in action

https://youtu.be/S4KmRZ28hdw?t=1091

Maybe they need a red or yellowstripe at 12 oclock to show which which way the wheels are pointing. Oh ...

If you watch the entire video the rest of the updates are underwhelming interior and electronics wise. So you are paying for the the extra performance, as if you need that for this car.... 1.99s ( if they can get that marketing value score) .The most interesting thing is that they have gone landscape rather than portrait, is that better?

The entire video is a good watch, Elon turning up on stage pretty cool.

PS Putting left and right indicators on the same side just below each other on a steering "wheel" that turns around is obviously developed by a company that exists in a country that does not have roundabouts.



Good luck with that ... especially with a few turns lock to lock,

Luckily FSD. This was designed to show how falable the human is with their opposing digit ...

Edited by Clive Milk on Tuesday 15th June 20:50

[Clive Milk]

We need a sweepstake on here

Who will be first to market,

Tesla and the Roadster2 or TVR and their Welsh Phoenix ?

[Burwood]

Clive Milk said:

We need a sweepstake on here

Who will be first to market,

Tesla and the Roadster2 or TVR and their Welsh Phoenix ?

Lol. Les Edgar should have run the Elon play book. He’d be a billionaire by now without even 1 car.

[Clive Milk]

Meanwhile this gave me a big smile....

https://finance.yahoo.com/news/tesla-model-y-deman...

"The global Electric Vehicle manufacturer Tesla, Inc. (TSLA) seems to have nearly sold out the Model Y Long Range variant in Q3 based on recent registration figures, as per Teslarati. Shares rose 1.3% to close at $617.69 on June 14."

The writer of that article that the journo quotes looks like this



Call me an old fuddy duddy but I am guessing he's not the smartest financial knife in the set. He looks a bit like a Tesla fan boy to me.

This was posted by

[e-mail] (Ben Mahaney)

Is Ben a Smarteranalyst for your money, or is he just cutting and pasting and the Yahoo finance search engine just picked it up???

I get the feeling the Tesla fanboys are on the back foot, they were happy with the shorters, but the bitcoiners getting unhappy with Elons latest drug fueled rants maybe was a jumped shark too far.

I'm going to guess now that as his car business matures and makes less money with more competition, he will do a Buzz Lightyear and go to LEO and beyond and just concentrate on Starlink and Space X going public, to be the worlds richest man,

His 21st C car dealership style enterprise



is just a stepping stone to where his heart belongs.

No, not Mars, just being the worlds richest person. Because being the worlds richest person matters. At least in less than 140 characters.

Let's see how it pans out ....

[Clive Milk]

Burwood said:

Clive Milk said:

We need a sweepstake on here

Who will be first to market,

Tesla and the Roadster2 or TVR and their Welsh Phoenix ?

Lol. Les Edgar should have run the Elon play book. He’d be a billionaire by now without even 1 car.

CyberTVR.

It's just a normal TVR but the LED Matrix headlights have a 40watt range ....

What's the Welsh for :-

"I'll be back"

[Burwood]

I assume Tesla Bag Holders know of Jerome Guillen's departure from Tesla. In the last 12 months he has cashed in 335M in stock options. 275 of it in the last 2 weeks. That's going to have it's own line on the earnings report!

It's going to be a bumper loss this quarter. 27 cents per share just for Jerome alone

[Greggsybabe]

We also got the quarterly "staff memo leak" of Elon asking for a big push at quarter end. You would think at some point they would just build what they build instead of working 30 hours a day for the final 3 weeks of every quarter but what do I know.

[Heres Johnny]

Burwood said:

I assume Tesla Bag Holders know of Jerome Guillen's departure from Tesla. In the last 12 months he has cashed in 335M in stock options. 275 of it in the last 2 weeks. That's going to have it's own line on the earnings report!

It's going to be a bumper loss this quarter. 27 cents per share just for Jerome alone

Not sure share options work that way, I thought they get accounted for when awarded and him selling them is just a trade.

Bitcoin dropping below the price they paid on the other hand might meed to be revalued. I think the working asssumption was they paid about $34k a coin so they're down about 5% on purchase and I think they still hold about a $1B so thats $50M hit. However, if they revalue quarterly, last quarter they would be on the books at nearer $57k which is 35% and a $350M or so hit.

[Smiljan]

Greggsybabe said:

We also got the quarterly "staff memo leak" of Elon asking for a big push at quarter end. You would think at some point they would just build what they build instead of working 30 hours a day for the final 3 weeks of every quarter but what do I know.

Either the line isn't running at full capacity normally due lack of demand OR the line is running flat out and they'll just cut corners to get more cars out and let the customers deal with the defects.

Either way it's a weird thing to do. Wouldn't they just build as many as possible year round as they're always saying the demand is there for 3 fully running factories?

[Heres Johnny]

The focus on Quarterly results or not is the difference between the richest man in the world and the one that isn't

https://www.cnbc.com/2017/05/08/amazon-ceo-jeff-be...

The quarterly push is just to flush through all the supply chain stuff and get cars to customers so they carry little in the way of inventory. It does however remind me of a small company I worked at who used to run the stationary cupboard down every year to save a few hundred quid on expenditure that year but of course everybody knew this and created their own private stockpile of stationary way in advance

[Burwood]

Heres Johnny said:

Burwood said:

I assume Tesla Bag Holders know of Jerome Guillen's departure from Tesla. In the last 12 months he has cashed in 335M in stock options. 275 of it in the last 2 weeks. That's going to have it's own line on the earnings report!

It's going to be a bumper loss this quarter. 27 cents per share just for Jerome alone

Not sure share options work that way, I thought they get accounted for when awarded and him selling them is just a trade.

Bitcoin dropping below the price they paid on the other hand might meed to be revalued. I think the working asssumption was they paid about $34k a coin so they're down about 5% on purchase and I think they still hold about a $1B so thats $50M hit. However, if they revalue quarterly, last quarter they would be on the books at nearer $57k which is 35% and a $350M or so hit.

As you describe it is exactly what the GAAP numbers show but Tesla 'report' to the market, its non GAAP number then the GAAP figure is a small print note. Look at the number of shares, it's been diluted 20% in the last 18 months through options. The biggest hit would have been during the crazy ramp to $900.

It's just another example of the sheer greed of tesla executives and analysts are starting to question it.

[Greggsybabe]

It might be a new quasrter but its the same end of quarter tricks...

https://www.autoevolution.com/news/tesla-stole-1k-...

I'm sure it will all get refunded after the results are released again. Can't imagine the current bitcoin climate is doing them any favours either.

[Burwood]

Greggsybabe said:

It might be a new quasrter but its the same end of quarter tricks...

https://www.autoevolution.com/news/tesla-stole-1k-...

I'm sure it will all get refunded after the results are released again. Can't imagine the current bitcoin climate is doing them any favours either.

Unless they sold a while back then as of today they are about 150M in the hole on their coin play. This earnings(or lack of) could see a big hit to the stock. Carbon credits will start winding down, maybe a delivery miss, huge stock options comp again (500M+ in a quarter!!!), BTC loss. No FSD. Zee Germans catching up big time. If they miss badly i'd take a stab at -$100 after hours. And I'm still calling 50% drop between now and end of year.

[skwdenyer]

Burwood said:

Greggsybabe said:

It might be a new quasrter but its the same end of quarter tricks...

https://www.autoevolution.com/news/tesla-stole-1k-...

I'm sure it will all get refunded after the results are released again. Can't imagine the current bitcoin climate is doing them any favours either.

Unless they sold a while back then as of today they are about 150M in the hole on their coin play. This earnings(or lack of) could see a big hit to the stock. Carbon credits will start winding down, maybe a delivery miss, huge stock options comp again (500M+ in a quarter!!!), BTC loss. No FSD. Zee Germans catching up big time. If they miss badly i'd take a stab at -$100 after hours. And I'm still calling 50% drop between now and end of year.

Do they have to mark the BTC to market? I don't think they did when it went up - they just crystallised the gain on the BTC they sold to the P&L IIRC.

[Greggsybabe]

Burwood said:

Unless they sold a while back then as of today they are about 150M in the hole on their coin play.

I've seen mixed things, including someone who claimed to have found Tesla's BTC wallet that had been emptied but nothing concrete enough to say either way. I would have assumed that as a company asset they would need to report its current value but then didn't they junk it up with some other figures last time so who knows if it will be shown clearly.

I assume they are still going to say they are production constrained due to capacitors/supply chain despite there being plenty of photo's of standing stock in America and China now having to export due to lack of domestic demand. They will no doubt distract with the Plaid launch and Elon is already pulling his usual misdirection talking about having a supercomputer/self learning presentation day which I'm sure will be as bright as the last battery day.

It's hard to see the stock not falling in price but I honestly think too many people still have too much money wrapped up in Tesla for it to just plummet, the investors will fight it to the bitter end because they stand to lose so much money otherwise.

[Burwood]

skwdenyer said:

Burwood said:

Greggsybabe said:

It might be a new quasrter but its the same end of quarter tricks...

https://www.autoevolution.com/news/tesla-stole-1k-...

I'm sure it will all get refunded after the results are released again. Can't imagine the current bitcoin climate is doing them any favours either.

Unless they sold a while back then as of today they are about 150M in the hole on their coin play. This earnings(or lack of) could see a big hit to the stock. Carbon credits will start winding down, maybe a delivery miss, huge stock options comp again (500M+ in a quarter!!!), BTC loss. No FSD. Zee Germans catching up big time. If they miss badly i'd take a stab at -$100 after hours. And I'm still calling 50% drop between now and end of year.

Do they have to mark the BTC to market? I don't think they did when it went up - they just crystallised the gain on the BTC they sold to the P&L IIRC.

They did revalue it but recorded as a Credit (deferred rev) on the balance sheet with a PNL recognition on sale. Any impairment even unrealised IS recorded on the PNL. A conservative policy but either way as of today they are in the Red.