Tesla and Uber Unlikely to Survive (Vol. 2)

Tesla and Uber Unlikely to Survive (Vol. 2)

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Tuna

19,930 posts

284 months

Saturday 6th November 2021
quotequote all
TameBritishMuslim said:
I mentioned large scale castings amongst other things; you and others called this particular point out and until now you haven't given one example.

But that's the thing, it isn't common with EV designer and mainstream manufacturers, is it? The only example we have had so far is about a 20k cars from an exotics manufacturer (Ferrari) that someone kindly contributed. If there are other examples then please elucidate.
I'm beginning to think you're trolling. Go and read what I said again, very slowly, and try to understand the point being made.

TameBritishMuslim

172 posts

75 months

Saturday 6th November 2021
quotequote all
Tuna said:
TameBritishMuslim said:
I mentioned large scale castings amongst other things; you and others called this particular point out and until now you haven't given one example.

But that's the thing, it isn't common with EV designer and mainstream manufacturers, is it? The only example we have had so far is about a 20k cars from an exotics manufacturer (Ferrari) that someone kindly contributed. If there are other examples then please elucidate.
I'm beginning to think you're trolling. Go and read what I said again, very slowly, and try to understand the point being made.
I'm not trolling but do you have any examples of manufacturers using large castings at scale as you said they are? confused

Heres Johnny

7,228 posts

124 months

Saturday 6th November 2021
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I remember when Musk said the cars would be built by robots and you’d need high speed cameras or a strobe light to be able to watch them as they’d move so fast with no real limit on their speed

https://www.cnbc.com/2017/11/27/elon-musk-robots-o...

That one went well, everybody knew it wouldn’t except the faithful. They built a tent and used left over production equipment to make the model 3 and it went quicker.

Musk places a lot of big bets. Not that many actually pay off, of course they don’t need to in some ways for him to be successful but far too many people conveniently forget the failed ones.


TameBritishMuslim

172 posts

75 months

Saturday 6th November 2021
quotequote all
Heres Johnny said:
I remember when Musk said the cars would be built by robots and you’d need high speed cameras or a strobe light to be able to watch them as they’d move so fast with no real limit on their speed

https://www.cnbc.com/2017/11/27/elon-musk-robots-o...

That one went well, everybody knew it wouldn’t except the faithful. They built a tent and used left over production equipment to make the model 3 and it went quicker.

Musk places a lot of big bets. Not that many actually pay off, of course they don’t need to in some ways for him to be successful but far too many people conveniently forget the failed ones.
I agree - he made the fundamental mistake of trying to automate everything and was laughed at and slated by everyone in the know (such as Sandy Munro).

Smiljan

10,838 posts

197 months

Saturday 6th November 2021
quotequote all


Ok investment Gods, what's the play here and what are the consequences of a $20 billion stock dump?

Answers on a postcard......

Tuna

19,930 posts

284 months

Saturday 6th November 2021
quotequote all
Smiljan said:
Ok investment Gods, what's the play here and what are the consequences of a $20 billion stock dump?

Answers on a postcard......
If nothing else, his board must be facepalming hard right now. The SEC might have an opinion on that tweet.

Tuna

19,930 posts

284 months

Saturday 6th November 2021
quotequote all
TameBritishMuslim said:
I'm not trolling but do you have any examples of manufacturers using large castings at scale as you said they are? confused
Seriously? Go and read again.

Smiljan

10,838 posts

197 months

Saturday 6th November 2021
quotequote all
Tuna said:
If nothing else, his board must be facepalming hard right now. The SEC might have an opinion on that tweet.
Good to note he let his brother cash out a few hundred million dollars of stock before this latest tweet…

skwdenyer

16,499 posts

240 months

Saturday 6th November 2021
quotequote all
Tuna said:
Smiljan said:
Ok investment Gods, what's the play here and what are the consequences of a $20 billion stock dump?

Answers on a postcard......
If nothing else, his board must be facepalming hard right now. The SEC might have an opinion on that tweet.
Do the SEC have a right to get involved? This is personal re his own stock. But I'm no expert on large quoted companies.

In other news, I see Apple have apparently hired Tesla's Autopilot head, which might be more material as a piece of news.

Tuna

19,930 posts

284 months

Saturday 6th November 2021
quotequote all
skwdenyer said:
Do the SEC have a right to get involved? This is personal re his own stock. But I'm no expert on large quoted companies.

In other news, I see Apple have apparently hired Tesla's Autopilot head, which might be more material as a piece of news.
Pre-announcing you plan to sell 10% of your stock, when you're a large stock holder looks a lot like stock manipulation.

skwdenyer

16,499 posts

240 months

Saturday 6th November 2021
quotequote all
Tuna said:
skwdenyer said:
Do the SEC have a right to get involved? This is personal re his own stock. But I'm no expert on large quoted companies.

In other news, I see Apple have apparently hired Tesla's Autopilot head, which might be more material as a piece of news.
Pre-announcing you plan to sell 10% of your stock, when you're a large stock holder looks a lot like stock manipulation.
But don’t many investors do exactly this? cf Branson announcing his intention to sell a lot of Virgin Galactic stock, as just one example I recall recently.

TameBritishMuslim

172 posts

75 months

Saturday 6th November 2021
quotequote all
Smiljan said:


Ok investment Gods, what's the play here and what are the consequences of a $20 billion stock dump?

Answers on a postcard......
"Based on Fridays closing price of $1222, even if Tesla tanked 18% the stock would still be over $1000 per share, wiping out 'just' 10 days worth of gains. We'll be fine."

Smiljan

10,838 posts

197 months

Saturday 6th November 2021
quotequote all
Why 18%?

skwdenyer

16,499 posts

240 months

Saturday 6th November 2021
quotequote all
Smiljan said:
Why 18%?
That’s how far it could fall without dropping below $1k, I imagine. No other special significance.

Tuna

19,930 posts

284 months

Saturday 6th November 2021
quotequote all
skwdenyer said:
But don’t many investors do exactly this? cf Branson announcing his intention to sell a lot of Virgin Galactic stock, as just one example I recall recently.
Depends on the time frame I guess, but since Musk has already had a run in with the SEC, they're likely to take a dim view of him ignoring their previous rulings. He has responsibilities due to his stock holding and position on the board of the company.

skwdenyer

16,499 posts

240 months

Saturday 6th November 2021
quotequote all
Tuna said:
skwdenyer said:
But don’t many investors do exactly this? cf Branson announcing his intention to sell a lot of Virgin Galactic stock, as just one example I recall recently.
Depends on the time frame I guess, but since Musk has already had a run in with the SEC, they're likely to take a dim view of him ignoring their previous rulings. He has responsibilities due to his stock holding and position on the board of the company.
How do we know he hasn’t run this tweet past the relevant people per the SEC rulings?

Tuna

19,930 posts

284 months

Saturday 6th November 2021
quotequote all
skwdenyer said:
How do we know he hasn’t run this tweet past the relevant people per the SEC rulings?
He's not exactly known for even engaging a braincell, never mind consulting with other people before tweeting. At 7.15 on a Saturday evening, the odds don't look good, do they?

Smiljan

10,838 posts

197 months

Saturday 6th November 2021
quotequote all
skwdenyer said:
That’s how far it could fall without dropping below $1k, I imagine. No other special significance.
So no relevance at all. Ta.

I was hoping for some insightful predictions from our resident investment expert but nope.

TameBritishMuslim

172 posts

75 months

Saturday 6th November 2021
quotequote all
Tuna said:
skwdenyer said:
How do we know he hasn’t run this tweet past the relevant people per the SEC rulings?
He's not exactly known for even engaging a braincell, never mind consulting with other people before tweeting. At 7.15 on a Saturday evening, the odds don't look good, do they?
He probably hasn't, actually. hehe

RobDickinson

31,343 posts

254 months

Saturday 6th November 2021
quotequote all
Smiljan said:


Ok investment Gods, what's the play here and what are the consequences of a $20 billion stock dump?

Answers on a postcard......
It's nothing.

17m shares out of an average 50m traded a day.

As I said on another thread he has to sell to cover tax on his expiring options anyhow.
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