1x Tsla Discussion Threads

[hosede] 24/11/2023 11:40

Union trouble in Sweden. Won't be the last
Musk had such a brilliant business making upmarket EVs that everyone wanted - at almost any price. What does a good businessman (someone who wants to make money) do at this point?
Improve Quality Control, restrict volume and up the price!
But Musk - I guess - had made enough money. He wanted to rule or save the world
And now he's stuck with a mega car company that is going to suffer from all the problems of its giant competitors Ford GM VW etc.
Someone above said he had made his workforce millionaires - with free shares etc.
But not any more. Now as we head into recession, they're going to become the same bolshy lot as elsewhere.
How come he never realised that making cars has NEVER BEEN a profitable enterprise?
SAD!

[hosede] 15/11/2023 17:10

Musk admits growth halted for a while

[pierre oreilly] 15/11/2023 13:40

Err, when horses were replaced, a hundred or so years ago, most cars were EVs!

[hosede] 15/11/2023 11:59

John
Yes EVs are a century too late. Global warming has reached a tipping point and we could be facing a massive extinction by the end of this century - particularly if this autumn's sudden rise proves NOT to be a freak - look at the first chart - far RH column

[johnwise] 15/11/2023 08:11

VIDEO

"Consumers are abandoning EVs! With thousands of new electric vehicles piling up in dealer lots, nobody is running to buy them"

[cfb2] 06/11/2023 13:38

Eventually it will make money otherwise Tesla won't sell it.

I think their original plan was not to sell this car but use it as their robotaxi, unfortunately the automated driving software is late to fruition. I expect this vehicle's steering wheel, throttle and brake will be fly-by-wire and optionally fitted.

[hosede] 06/11/2023 12:19

Tesla to make 25000€ car at Berlin factory.
I'm sure it's a step in the right direction - but will it make much money?

[cfb2] 03/11/2023 19:23

UAW power is determined by the number of people in the union. They have less then 500k workers, from almost 2 million in the 70's. A number of their unionised companies are going to go bankrupt, their only hope is to expand and Tesla have 60% of the car workforce in the US.

Unlikely they'll be successful with Tesla when their shares incentives are making people on the shop floor into millionaires.

[hosede] 03/11/2023 17:32

UAW threattening to "attack" Tesla now. I wonder how long it will be able to hold on

[cfb2] 01/11/2023 10:02

GM - Mary Barra says she has a plan for as long as they pay her $29m salary.
Ford - Jim Farley actually has a plan but insufficient cash reserves to carry it out.

UAW deal brings the demise of both companies forward.

[hosede] 31/10/2023 14:09

With recession looming, I wonder if GM and Ford will be able to survive the massive pay uncreases they have agreed to

[cfb2] 30/10/2023 18:24

Hybrids are a good stop gap whilst an EV charging infrastructure is being built in the UK. A hybrid car has the complexity of both an ICE and an EV car under the bonnet, with a minimum cost to match. Lots of things to go wrong in a hybrid car.

[cfb2] 30/10/2023 13:01

EVs are piling up at dealerships because the major OEMs are not producing compelling vehicles at a price their customers are prepared to pay. Particularly the case for second hand vehicles as Tesla and BYD continue to slash the price of their new vehicles whilst simultaneously improving them.

There is a good reason why almost all the OEMs have struck a deal with Tesla's charging network. All the alternatives are unreliable and expensive. Explains why BP have just bought $100m of Tesla's superchargers to put in their petrol stations.

[simon gordon] 30/10/2023 10:37

CNBC - 16/10/23

Why EVs Are Piling Up At Dealerships In The U.S.

In August 2023, it took about twice as long to sell an EV in the U.S. as it did the previous January. Prices of EVs are down 22% year-over-year and that's mainly driven by Tesla. About two thirds of EVs sold are Elon Musk's brand. Companies like Ford have ramped up hybrid production as demand has leveled off. While slightly more than half of consumers say EVs are the future and will eventually replace Internal Combustion Engines, less than a third of dealers say so. This all comes at a time when investments in EVs are more than ever. So what's really going on? Watch the video to learn more.

[hosede] 25/10/2023 16:01

Yes I agree and Trump doesn't have much of a brain anyway. But Musk bypassed the filter when he made an "off the cuff" offer for Twitter - which they held him to.

[cfb2] 25/10/2023 12:29

Both are narcissists but Trump doesn't have a filter between his brain and his mouth. I get the impression that Musk puts quite a lot of effort into what he says, even though I often disagree with it.

Musk paid far too much for Twitter, but if it cuts 4 years from the development of his X platform it may still turn out to be a good investment. If you've got billions sitting around, and you're not interested in mansions or yachts, what do you spend it on? I get the impression that money itself doesn't motivate him, rather what the money allows him to achieve.

[hosede] 25/10/2023 10:54

Yes but like Trump, Musk is probably his own worst enemy. What a disaster his Twitter purchase has been. Neither can bear to be out of the limelight LOL.

[cfb2] 24/10/2023 10:21

No idea whether there is any truth to this and as a shareholder I don't care. Musk has shown contempt for the SEC and they are going after him for whatever they can make stick. If someone in Tesla made him a cup of coffee I'm sure they'd consider that a perk.

The worst that can happen here is a lot of lawyers fighting in court and the SEC spending a lot of money. Worst case scenario is a relatively small fine.

[hosede] 23/10/2023 18:02

More potential trouble
The problem is that if you set yourself up as "king of the Castle", everyone delights in taking pot shots at you.
A distraction for the company

[hosede] 23/10/2023 12:17

Indeed
I don't think buy and hold - which worked so well last century - will continue to do so. My Dad bought ICI shares in 1937 and held them un til his death 60 odd years later. I'm sure they kept up with inflatiion - and paid a healthy dividend hroughout!

[cfb2] 23/10/2023 00:25

Good luck to us all. Rough times are ahead.

[hosede] 22/10/2023 22:15

Well good luck, but I expect this bear market to take the US indices down - perhaps as much as 90% over the next 18 months - it's scarily like 1929

[cfb2] 22/10/2023 21:22

I already have some donkeys in my share portfolio. Going long on them isn't a winning formula.

[dominiccummings] 22/10/2023 19:49

#10358 short autos, long donkeys