Tesla to cut thousands of jobs as Elon Musk warns the ‘road ahead is very difficult’


MHz
#151
How about a camera that hits the brakes if a 'warm body' enters your path while you are playing with the pretty lights??
 
MHz
#152
Quote: Originally Posted by Twin_Moose View Post

Does anyone know how they dispose of the batteries after they are worn out?

Toxic Waste site if you are doing it legally. I would suggest the bottom of the trench just east of Japan should become the toxic dump for the world. You are not coming back from there until you have been to the core and returned.
 
petros
+1
#153
Quote: Originally Posted by Hoid View Post

are they using imperial gallons?

Why would the EPA use Imperial gallons? Are they a UK agency or US?
 
MHz
#154
Perhaps it was a test done in America. If 'miles' are mentioned that would also point to the article being made for Americans.
 
Cliffy
#155
Funny, in Norway, electric cars have surpassed all other types this year. We'll see if the trend catches on in other countries. I would say that gas and oil are on the way out.
 
taxslave
+2
#156
Quote: Originally Posted by Cliffy View Post

Funny, in Norway, electric cars have surpassed all other types this year. We'll see if the trend catches on in other countries. I would say that gas and oil are on the way out.

You say lots of things not related to reality. But you are part right. At some point there will be several options for power, possibly even combined. Hydrogen fuel cells still are promising for one. But there are many uses for fossil fuels besides gas and there will always be a market for them.
 
Twin_Moose
+1
#157
Tesla in ‘Code Red Situation’ as Sell-Off Exceeds 20%

Quote:

(Bloomberg) -- Tesla Inc.’s stock rout following this month’s $2.4 billion capital raise intensified after a once-bullish analyst called the range of issues facing the electric-car maker a “code red situation.”

The shares have dropped in nine of the last 10 trading days, a stretch that started the day Tesla closed offerings of new stock and convertible bonds to shore up its balance sheet. In that span, Tesla has plunged more than 20% and fallen back behind Ford Motor Co. by market capitalization.
In a note Sunday, Wedbush analyst Dan Ives wrote that Tesla faces a “Kilimanjaro-like uphill climb” to hit targets for profitability in the second half of the year. He cast doubt on underlying demand for the company’s first mass-manufactured vehicle, the Model 3 sedan, and cut his price target on the stock to $230 from $275.
Once among the most bullish analysts covering Tesla -- he slashed his target from $365 just last month -- Ives said he has “major concerns around the trajectory of Tesla’s growth prospects.”
Tesla shares fell as much as 7.5% to $195.25, breaching the $200 level for the first time since December 2016. The stock had already closed at the lowest level in almost 2 1/2 years on Friday, after Chief Executive Officer Elon Musk called for a “hardcore” review of all the company’s expenses and another analyst warned of potentially severe fallout from a fatal crash involving Autopilot.
Tesla delivered just 63,000 cars in the first quarter but expects to deliver 90,000 to 100,000 cars in the second quarter, and 360,000 to 400,000 for the year. Ives said hitting the full-year target is going to be a “Herculean task” and sees 340,000 to 355,000 as a more likely scenario.
Representatives for Tesla didn’t respond to requests for comment.
Tesla’s 5.3% bonds due 2025 now yield about 9%, according to Trace, well above the average yield for a B-rated company. The bonds have trailed the broader Bloomberg Barclays Single B U.S. High Yield Index this year by around 500 basis points, according to Bloomberg Intelligence analyst Joel Levington.
“There’s little in the form of favorable credit catalysts to turn momentum around in the near term,” Levington said in a report Monday. The bond price dropped below 83 cents on the dollar and was one of the biggest losers in the high-yield market Monday, according to Trace.
Musk, 47, recently told employees in an email that he and Chief Financial Officer Zachary Kirkhorn will personally scrutinize expenditures following a worse-than-expected first-quarter loss. After having to pay off a $920 million convertible bond with cash in March, another $566 million is due in November.
When drumming up interest for a stock and debt offering earlier this month, Musk pitched investors on a future of autonomous robotaxis as the key to Tesla becoming a $500 billion company. Its market capitalization is now about $36 billion, trailing General Motors Co. and Ford.
If Tesla is unable to earn profit in the second half of the year, the company may need to raise another $1 billion to $2 billion of capital, Ives said in an interview with Bloomberg Television.

 
coldstream
+3
#158
I never would have invested in Electric Cars. Not only are they enormously expensive, inefficient and limited in range compared to internal combustion autos. But they are far worse environmental threats through the manufacture and disposing of toxic batteries.
 
Twin_Moose
+1
#159
Not according to Hoid
 
Hoid
#160
Quote: Originally Posted by coldstream View Post

I never would have invested in Electric Cars. Not only are they enormously expensive, inefficient and limited in range compared to internal combustion autos. But they are far worse environmental threats through the manufacture and disposing of toxic batteries.

lol inefficient compared to IC autos.

what an uneducated boob.
 
petros
+2
#161
An ICE is far more efficient.
 
Hoid
#162
Someone left the gate open at the day care.
 
petros
+1
#163
Sorry bub. You remember the fact laden article posted stating that scientitians say that 8 years of CO2 goes into a lithium EV battery but only lasts 5 years don't you? That makes an ICE 30% more efficient. Bummer.
 
taxslave
+1
#164
Quote: Originally Posted by Hoid View Post

lol inefficient compared to IC autos.

what an uneducated boob.

Looking in the mirror again when you type?
 
taxslave
+3
#165
Quote: Originally Posted by petros View Post

Sorry bub. You remember the fact laden article posted stating that scientitians say that 8 years of CO2 goes into a lithium EV battery but only lasts 5 years don't you? That makes an ICE 30% more efficient. Bummer.

Without even mentioning the cost of recycling the dead ones. Or their lack of range. Or the requirement for huge amounts of taxpayers money to get them to market and keep them charged.
 
Twin_Moose
+2
#166
The time cannot be more ripe for you Hoid

Tesla slices prices on Models S and X as stock plunges

Quote:

Tesla is lowering the price of its two most expensive models by $2,000 to $3,000, not including tax credits.The company's stock is at its lowest point since late 2016, after several Wall Street analysts questioned its growth prospects and cited slowing customer demand for its cars.Tesla lost $700 million in the first quarter, but CEO Elon Musk vows a return to profitability by the third quarter.
Tesla has sliced the price of its two most expensive models after several Wall Street analysts questioned the demand for its cars. The company on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV.
The Model S now starts at $71,250 while the X starts at $71,950. The prices don't include federal and state tax credits for electric-vehicle purchases.
Tesla wouldn't say if slowing sales influenced its decision, but it said it periodically adjusts prices and available options, according to the Associated Press. Tesla said the decreases offset price increases from a month ago when it offered longer battery range and added a new drive system and suspension.
The moves come as Tesla's stock is under pressure, at times dropping below $200 per share this week. Several analysts have questioned whether the company can sell enough cars to cover its expenses without dipping into its shrinking cash reserves.
Shares traded Tuesday afternoon at $205.62, up slightly from Monday's closing price. They are down more than 38 percent so far this year, cutting the company's market value more than $20 billion to $36.5 billion. On Monday the shares hit their lowest point since late 2016.
Tesla said in a statement that the reductions are about 2% to 3% on the prices of the S and X. The company last week raised the price of its top-selling Model 3 by $400, pushing the base price to $35,400. "By any reasonable standard, these small changes are not newsworthy," the company said in a statement.
Wedbush analyst Daniel Ives wrote on Monday that he was concerned about Tesla's growth prospects and the demand for the Model 3 during the coming quarters. He called Tesla a "code red" situation. "We have continued concerns around Tesla's ability to balance this 'perfect storm' of softer demand and profitability concerns, which will weigh on shares until Musk & Co. prove otherwise in terms of delivering solid results over the coming quarters," Ives wrote, referring to CEO Elon Musk.
After two profitable quarters, Tesla said last month it lost $702 million in the first quarter of 2019, one of its worst performances in two years. Sales tumbled 31% in the period. Musk predicted another loss in the second quarter but said Tesla would be profitable again by the third quarter.
The carmaker recently closed a $2.7 billion funding round, giving it enough cash to survive another 10 months, Reuters reported. Musk now is on a cost-cutting mission, with plans to review "literally every payment that leaves our bank account," according to Reuters.
In January, the automaker cut its prices by $2,000 per vehicle, acknowledging that the pending expiration of a $7,500 federal tax credit for its electric cars will hurt sales. The credit is gradually being phased out for Tesla by the end of the year.

$6-7000 knocked off the purchase price with price slashing and rebates tell us how you made out on the deal Hoid.
 
pgs
+2
#167
Quote: Originally Posted by Twin_Moose View Post

The time cannot be more ripe for you Hoid

Tesla slices prices on Models S and X as stock plunges



$6-7000 knocked off the purchase price with price slashing and rebates tell us how you made out on the deal Hoid.

No Hoid drives an old out of tune beater , that spews exhaust into the atmosphere. But he wants you to go green . And oil is dead .
 
petros
+1
#168
Quote: Originally Posted by taxslave View Post

Without even mentioning the cost of recycling the dead ones. Or their lack of range. Or the requirement for huge amounts of taxpayers money to get them to market and keep them charged.

Ever seen a lithium mine?
 
petros
+1
#169
Quote: Originally Posted by Twin_Moose View Post

The time cannot be more ripe for you Hoid
Tesla slices prices on Models S and X as stock plunges
$6-7000 knocked off the purchase price with price slashing and rebates tell us how you made out on the deal Hoid.

Panasonic can't deliver on the millions of 18650 batteries needed either.
 
Twin_Moose
+1
#170
Quote: Originally Posted by pgs View Post

No Hoid drives an old out of tune beater , that spews exhaust into the atmosphere. But he wants you to go green . And oil is dead .

Here's his chance to put his money where his mouth is
 
Hoid
#171
Tesla has become a proxy for climate change to the deniers.
 
petros
+1
#172
Quote: Originally Posted by Twin_Moose View Post

Here's his chance to put his money where his mouth is

Probably doesn't have the garage needed and probably can't afford to run 100A service to it if he had one.
 
Twin_Moose
+1 / -1
#173
Quote: Originally Posted by Hoid View Post

Tesla has become a proxy for climate change to the deniers.

Tesla is not as popular as you thought, when are you going to scrap the beater and show us all how great Teasla is?

Quote: Originally Posted by petros View Post

Probably doesn't have the garage needed and probably can't afford to run 100A service to it if he had one.

Enough hot air comes out of him to power a 100 amp windmill
 
Hoid
#174
If Tesla fails then climate change must be fake news.
 
Danbones
+2
#175
If man kind wanted to save the planet we would be using Hydrogen peroxide.

All the rest of this debate about electric is just to deflect everyone from what is affordable and doable today. Which we are not doing now because anyone could do this easily (it's old technology). So just like with Edison Westinghouse and Tesla, the EVIL profit makers ( Like All Gore and hitlery Clinton) slaughter the sensible people who just want to tell the truth and share for a better world.

LOL, everyone knows the climate is changing...it has been for 4 and one half billions of years. It's the dimwits that say man is responsible so he must take the tyrannical TAX wiener in the pooch for the banker tyrants who pay people like flossie to barf up constant fakenews like ant stroked aphids while they lose money hand over fist at everyone else's expense due to their intense inbred stupidity.
Last edited by Danbones; May 22nd, 2019 at 10:22 AM..
 
Twin_Moose
+1
#176
Very volatile DB
 
petros
+1
#177
Quote: Originally Posted by Hoid View Post

If Tesla fails then climate change must be fake news.

If Tesla fails the EV craze is just that, a craze.
 
Twin_Moose
+2
#178
Quote: Originally Posted by Hoid View Post

If Tesla fails then climate change must be fake news.

It means the cult of Climatology is not as strong of a money making industry that was hoped it would be, changing the weather thus changing the climate is impossible Hoid it is more of a money making scheme like a carbon tax. I'm all for cleaning up our environment and be more responsible, changing the weather/climate not so much.
 
petros
+1
#179
The one thing Hoid has very little grasp on is "market confidence".
 
Hoid
#180
Quote: Originally Posted by Hoid View Post

If Tesla fails then climate change must be fake news.

Because nobody will argue with them about climate change they use threads like this to try and get their daily fix.