1x Tsla Discussion Threads

[blusteradjuster] 13/6/2024 08:44

Sounds like a famine part of the cycle, Simon.

Of course, that means lower raw material costs, cost-cutting, consolidation, innovate-or-die - all the usual things associated with emerging technologies.

If consumers are price-conscious (spoiler: they are), then this boosts demand down the road.

[simon gordon] 13/6/2024 08:20

FT - 12/6/24:

One of the world’s largest makers of battery materials has warned of a rapid deterioration in demand as the once booming electric vehicle market slows.

Umicore, which makes materials used in cathodes, the most expensive part of an electric vehicle battery, on Wednesday pointed to the “sharp slowdown in the growth of demand for EVs”.

As a result, the Belgium-based company said: “2024 volumes for its battery materials could be equal or slightly lower than last year.”

The warning from Umicore, which competes with Germany’s BASF and a series of Chinese companies, is the latest evidence of how slowing EV sales growth is reverberating across the industry’s supply chain.

[hosede] 12/6/2024 22:05

Thanks cfb
Meanwhile Cathy says it will be worth 2600 in a five years. She must be on something!!

[cfb2] 12/6/2024 21:59

bearsfarm: Who knows what is going on in his mind. I think if anyone were in his shoes they'd be rightfully annoyed about the Delaware situation. Having read his biography he has previously lost control of a number of his companies and I think he is wary of it happening to Tesla.

He has recused himself from the voting.

I think the media have misunderstood Musk's comment about retaining 25% ownership. There are ways of structuring the shareholding so that he can have the control without gifting him vast numbers of shares.

hosede: A lot of the media have got it wrong; it's options. The institutions who like the idea of reneging on Musk's pay package have been misinforming the media to make it more palatable from a PR perspective.

[hosede] 12/6/2024 20:36

CFb
The way the media described it, it sounds like he was to be GIVEN shares not options
but WDIK. Certainly the share price soared up today for some reason

[bearsfarm] 12/6/2024 19:25

I cant help but feel that Musk is looking for a way out and that he is say negotiating to sell all his Tesla shares and reinvest in AI/X

If he is not happy with less than 25% what incentive is there to carry on.

I wonder whetehr he will vote for himself - or abstain?

E

[cfb2] 12/6/2024 18:12

hosede: If Musk's pay deal is confirmed then Tesla get paid by him at some point to exercise those options. The options were allocated back in 2018.

[hosede] 12/6/2024 14:36

Another short squeeze going on this afternoon!

[hosede] 12/6/2024 13:02

Presumably if Musks Pay deal is confirmed the share price has to fall as it involves significant dilution. Anyone have any figures?
EDit this analyst thinks the reverse

[hosede] 11/6/2024 13:50

"By Simon Alvarez
Posted on June 11, 2024

Data released by the China Passenger Car Association (CPCA) has revealed that Tesla sold a total of 55,215 vehicles in the domestic Chinese market in May 2024. This represents a year-over-year gain of 29.89% from the 42,508 vehicles sold in May 2023 and a month-over-month increase of 75.73% from the 31,421 cars that were sold in April 2024.

Tesla China’s exports, which were listed at 17,358 units in May 2024, represented a 50.67% year-over-year decrease from the 35,187 vehicles that were exported in May 2023 and a 43.54% month-over-month drop from the 30,746 that were exported in April 2024, as noted in a report from CNEV Post. This trend is quite unsurprising as Tesla tends to focus on the domestic Chinese market during the final month of a quarter."

Market not liking it a lot!

[dominiccummings] 11/6/2024 11:08

Elon Musk will always get my 'vote' for insisting, like 'Journey into Space's' Captain Andrew "Jet" Morgan expected. A Space ship landing on its tail.

[dominiccummings] 11/6/2024 11:05

#10900 That's because your iPhone copy of Siri/AI will be learning from what you and anyone near you says!

[hosede] 10/6/2024 17:31

Whatever the figures, it isn't worth 45 x historic earnings. I wonder if Q2's sales will be much above 300k - but we will see
Are you aware that No-one has Ever made an above average return long term, buying a share at a PE above 30.
As someone above suggested, I expect the horse to make a big come back: .it runs on grass and with the hot wet weather that looks like being the future, there will be plenty of that!

[dominiccummings] 10/6/2024 17:20

Wait for the figures. All you are trying to do is talk the share price down, and it won't work.

[hosede] 10/6/2024 16:30

Dominic
You are kidding yourself: they are doing very badly at the moment - their cars simply aren't selling in economic numbers. The same is true for all EV makers except in China where I am guessing there are big incentives. Even there, it's small EVs that are the main sellers.

[dominiccummings] 10/6/2024 14:59

Tesla are doing nicely. You cannot talk a company into a fail! Ha ha ha for trying.

[hosede] 10/6/2024 11:33

Farmer
I think Tesla investors have already given up on EV sales - making cars has NEVER been a profitable enterprize anyway. Everything is hanging on FSD! Chance of success? My guess Ca 5% - comparable to Nuclear fusion .

[johnwise] 09/6/2024 20:06

VIDEO

Dealers CAN’T Sell EVs Anymore—Now They're DITCHING Them!

[iceagefarmer] 09/6/2024 13:53

time to short tesla to oblivion!

[iceagefarmer] 09/6/2024 13:52

tesla going bust soon..evs are over

VW takes €60 billion out of the EV budget and puts it back into combustion cars
Jo Nova
joannenova.com.au
Sat, 08 Jun 2024 03:14 UTC
EV Wreck
© joannenova.com.au
EV manufacturers are backing away slowly from the Great EV Debacle

The government commanded the EV bubble, but even with billions in subsidies, schemes and advertising the chemistry didn't obey. Somehow, even with legislation, the right discoveries didn't discover themselves on cue.

VW has decided to use one third of its EV development money to develop a better fuel car instead.

Hey, it's only 60,000 million Euro.
VW Will Spend Billions of Its EV Development Budget on Gas Engines

By: Adrian Padeanu, Motor1.com

Of the €180 billion ($196 billion) set aside in 2023 primarily for next-generation EVs, the German brand will now use one-third to continue the development of combustion engines. The announcement comes from Arno Antlitz, the Chief Financial Officer and Chief Operating Officer at the Volkswagen Group. The company intends to spend roughly €60 billion ($65 billion) to "keep our combustion cars competitive."

It's a stark departure from the previous plan announced in late 2022 to build and sell only electric cars in Europe from 2033.
Only a year ago Volkswagon was confident it could build a cheaper EV. But a month ago they reported a 20 percent fall in first quarter profits.

Meanwhile Australia joins the EU with footage of "EV Graveyards" collecting at Port Melbourne

Australia remains far behind the rest of the developed world in EV sales but is obviously catching up on the latest trends quickly. Sales have fallen 44%:


And, apparently even those with money to waste don't want to waste it on an "electric supercar":
Lamborghini Doesn't Think Electric Supercars will Catch On

By: Adrian Padeanu, Motor1.com

Speaking with Automotive News Europe, Lamborghini's head honcho Stephan Winkelmann argued electric supercars are "not something that is selling so far." He went on to mention this genre might never catch on

Supercars are for rich folk but Rimac CEO Mate Rimac recently admitted that high-end buyers don't want electric supercars. It's why the Nevera is still for sale, despite the hype around it and the limited production run of only 150 cars. The electric hypercar developed in Croatia set no fewer than 23 records last year, but it looks as though wealthy people weren't impressed enough to sign their names on the dotted line.
There is talk now of all kinds of variations of sustainable fuel to run combustion engines on. The CEO of Bugatti has even floated the idea of selling their bespoke customers their very own fuel station as well, so they can generate and fill their sustainable cars at home. Possibly the brag-able-value of owning a sustainable biofuel car that "charges at home" using some wildly expensive combination of solar panels and batteries won't seem so brag-worthy in a few years time. Who wants to look like the loser who got car advice from a teenage girl?

[johnwise] 07/6/2024 13:14

VIDEO

Ford Shocks the Entire Car Industry and Says, "No More EV Dealership Sales”