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


petros
+2
#1591
Environmentalists...

A German court ruled this week that Elon Musk must halt his plan to clear a forest near Berlin in order to build Tesla's German Gigafactory. The court put the stay on Tesla while it considers challenges from environmentalists, according to Bloomberg.

That's right - Tesla was cutting down a forest to put up an EV factory - this is environmentalism in 2020.

The court issued an injunction against further construction after it overturned a lower court's ruling against environmental group Gruene Liga Brandenburg, who is looking to prevent Tesla from clearing the forest. The court is expected to render a final decision on the complaint in several days.

Joerg Steinbach, spokesman for the regional government said: "Tesla and the local government have already filed their response to the complaint and are now relying on the prompt decision of the court."
 
Hoid
#1592
Tesla at $850 today.

Was at $176 less than a year ago.
 
taxslave
+1
#1593
Still down for the year. How is the dividend working out on those $900 shares you bought?
 
Hoid
#1594
Tesla closed at $430 on the first trading day of the year.

It has doubled in value so far this year

Is that what you mean by "down"?
 
taxslave
+1
#1595
Tesla was over $900 a week and a half ago, took a major hit to the tune of $150. Now it has crawled back to around $850. If you think that is doubling in value this year you should seriously think about remedial math for dummies or sue your high school for gross negligence.
 
Hoid
#1596
Its at $882 after hours, you old math whiz you
 
taxslave
+1
#1597
Quote: Originally Posted by Hoid View Post

Its at $882 after hours, you old math whiz you

So still below the high of a week ago. On the bright side $882 shares pay exactly the same ROI as $900 shares. A nice big zero.
 
Hoid
#1598
TSLA at $933
 
captain morgan
+2
#1599
Of course it is, musk and his co-Director are buying shares with the loans to float the price.


Once they run out of the bank's money to float the price, the short sellers will punish the stock mercilessly.
 
Hoid
#1600
Investor Ron Baron is making a killing on Tesla. Here’s what else his fund is betting on
https://www.cnbc.com/2020/02/20/inve...etting-on.html

Billionaire investor Ron Baron is making a killing on his investment in Elon Musk’s Tesla. Here’s what else his firm is betting on to continue his winning streak, including some unusual names among its top picks.

Baron’s firm, Baron Capital, has a growth portfolio called the Baron Opportunity fund and Tesla sits in its top ten holdings. As of Tuesday, the fund, with about $438 million in net assets, is up 15.73% this year, beating the S&P 500 which is up about 4.7% in 2020 through Wednesday.

Tesla is 5.7% of the net assets in the Opportunity Fund, as of January 31.
 
petros
+2
#1601
Quote:

As of Tuesday, the fund, with about $438 million in net assets, is up 15.73% this year

After down years it went up Climate Change® style?

How about that?
 
taxslave
+1
#1602
Quote: Originally Posted by Hoid View Post

Investor Ron Baron is making a killing on Tesla. Here’s what else his fund is betting on
https://www.cnbc.com/2020/02/20/inve...etting-on.html
Billionaire investor Ron Baron is making a killing on his investment in Elon Musk’s Tesla. Here’s what else his firm is betting on to continue his winning streak, including some unusual names among its top picks.
Baron’s firm, Baron Capital, has a growth portfolio called the Baron Opportunity fund and Tesla sits in its top ten holdings. As of Tuesday, the fund, with about $438 million in net assets, is up 15.73% this year, beating the S&P 500 which is up about 4.7% in 2020 through Wednesday.
Tesla is 5.7% of the net assets in the Opportunity Fund, as of January 31.

Still don't know anything about the stock market do you? The only way he can make a killing off a Tesla stock is if he bought when it was below $200 and sold now while stupid people are buying. As you have been told many times Tesla has no holding value because it doesn't pay dividends.
 
Hoid
#1603
Always informative.
 
Hoid
#1604
Tesla is Slowly Pushing Germany Into Recession

https://www.ccn.com/tesla-is-slowly-...nto-recession/

Germany is on the brink of recession as its auto industry hits a 22 year low. Tesla - and the EV movement - has disrupted the backbone of Germany's economy.
 
Hoid
#1605
Battery prices keep falling,Tesla keeps improving its product and dropping the cost - already more affordable than comparable ICE dino cars


he early base Tesla Model S with a 40 kWh battery pack, which had a range of 160 miles, starting price of $57,400 before the $7,500 federal tax credit, and a 0–60 mph time of 5.9 seconds. You can now get a Tesla Model 3 Long Range that has 322 miles of range, a starting price of $48,990, and a 0–60 mph time of 4.4 seconds (or 3.9 seconds for $2,000 more). That’s a much quicker car with twice the range for nearly $10,000 less. Or you can get a Tesla Model 3 Performance for $56,990 that has a range of 322 miles and accelerates to 60 mph in 3.2 seconds.

Or you can get a Model 3 Standard Range Plus for $39,990 that has 250 miles of range and a 0–60 mph time of 5.3 seconds. That’s 90 more miles than the early base Model S and significantly better acceleration and tech for nearly $20,000 less.
 
taxslave
+2
#1606
Quote: Originally Posted by Hoid View Post

Battery prices keep falling,Tesla keeps improving its product and dropping the cost - already more affordable than comparable ICE dino cars

he early base Tesla Model S with a 40 kWh battery pack, which had a range of 160 miles, starting price of $57,400 before the $7,500 federal tax credit, and a 0–60 mph time of 5.9 seconds. You can now get a Tesla Model 3 Long Range that has 322 miles of range, a starting price of $48,990, and a 0–60 mph time of 4.4 seconds (or 3.9 seconds for $2,000 more). That’s a much quicker car with twice the range for nearly $10,000 less. Or you can get a Tesla Model 3 Performance for $56,990 that has a range of 322 miles and accelerates to 60 mph in 3.2 seconds.
Or you can get a Model 3 Standard Range Plus for $39,990 that has 250 miles of range and a 0–60 mph time of 5.3 seconds. That’s 90 more miles than the early base Model S and significantly better acceleration and tech for nearly $20,000 less.

That is US dollars and still being subsidized by government in order to sell any product.
 
captain morgan
+2
#1607
Tesla still has underperforming, crappy ranges and no doubt under the most pristine driving conditions


The concept works for inner city in warm weather (with no passengers or cargo).... might as well ride a bike
 
Hoid
#1608
Quote: Originally Posted by taxslave View Post

That is US dollars and still being subsidized by government in order to sell any product.

Yes, of course it is US dollars and Tesla sells way too many cars to get anything from the US government subsidies anymore.

Those really only help out the little guys.
 
DaSleeper
+4
#1609
Isn't the government giving tax credits to E V buyers a form of subsidy?
 
Hoid
#1610
Quote: Originally Posted by Hoid View Post

Battery prices keep falling,Tesla keeps improving its product and dropping the cost - already more affordable than comparable ICE dino cars

he early base Tesla Model S with a 40 kWh battery pack, which had a range of 160 miles, starting price of $57,400 before the $7,500 federal tax credit, and a 0–60 mph time of 5.9 seconds. You can now get a Tesla Model 3 Long Range that has 322 miles of range, a starting price of $48,990, and a 0–60 mph time of 4.4 seconds (or 3.9 seconds for $2,000 more). That’s a much quicker car with twice the range for nearly $10,000 less. Or you can get a Tesla Model 3 Performance for $56,990 that has a range of 322 miles and accelerates to 60 mph in 3.2 seconds.
Or you can get a Model 3 Standard Range Plus for $39,990 that has 250 miles of range and a 0–60 mph time of 5.3 seconds. That’s 90 more miles than the early base Model S and significantly better acceleration and tech for nearly $20,000 less.

While $135/kWh is an astounding improvement over early battery costs the long term goal is $100/kWh

At $100/kWh the EV is more affordable than the ICE even without subsidy - of the EV - all the ICE subsidies can remain in place as they are.

There are 2 ways to achieve cost reduction - one is to improve energy density through science, and the other is to reduce production costs. Also through science.

Tesla is doing just that

https://electrek.co/2020/02/26/tesla...massive-scale/
 
captain morgan
+1
#1611
Quote: Originally Posted by Hoid View Post

Yes, of course it is US dollars and Tesla sells way too many cars to get anything from the US government subsidies anymore.

Those really only help out the little guys.


Solyndra


Quote: Originally Posted by Hoid View Post

While $135/kWh is an astounding improvement over early battery costs the long term goal is $100/kWh


That is super expensive.. Way more than cost relative to range for ICE vehicle


Totally unaffordable
 
captain morgan
+2
#1612
Tesla down around $100 from just this morning and after hours trading driving the value further into the crapper.


Yikes, I can't imagine the loss that Musk is taking and I'll bet that the loans he took out to keep the price high will be called ASAP
Last edited by captain morgan; 4 weeks ago at 05:52 PM..
 
Tecumsehsbones
#1613
Question. Do you morons think Tesla is the only electric car on the market?

Or is this another Greta thing?
 
captain morgan
+1
#1614
Ask Hoid.... I'm pretty sure that he has a thing for Greta, so you 2 will have lots to talk about there
 
Hoid
#1615
Quote: Originally Posted by Tecumsehsbones View Post

Question. Do you morons think Tesla is the only electric car on the market?

Or is this another Greta thing?

when tesla succeeds it means climate change is not a hoax and that white people are not the only ones who face discrimination.

being anti-tesla is white natty virtue signalling.
 
captain morgan
+1
#1616
Tesla shares are taking another drubbing today... It's a blood bath
 
taxslave
+1
#1617
Quote: Originally Posted by Hoid View Post

Yes, of course it is US dollars and Tesla sells way too many cars to get anything from the US government subsidies anymore.
Those really only help out the little guys.

The Canadian government subsidized the purchase of electric cars here. Both in purchase and continued operation. That is the only way any of them sell. A Bolt for example is around $39 000. More with options. The base is a Spark which sells for under $18000. You can buy a lot of gas for the difference in price. But the Bolt gets you $5000 from the taxpayers.
 
Hoid
#1618
Quote: Originally Posted by taxslave View Post

The Canadian government subsidized the purchase of electric cars here. Both in purchase and continued operation. That is the only way any of them sell. A Bolt for example is around $39 000. More with options. The base is a Spark which sells for under $18000. You can buy a lot of gas for the difference in price. But the Bolt gets you $5000 from the taxpayers.

Oddly enough I am also anti incentive because it disadvantages Tesla as opposed to other makers - and Tesla is one doing the heavy lifting in terms of infrastructure.

Every government in Canada ought to be in business with Tesla getting the charging networks in place.
 
Twin_Moose
#1619
Quote: Originally Posted by Hoid View Post

Oddly enough I am also anti incentive because it disadvantages Tesla as opposed to other makers - and Tesla is one doing the heavy lifting in terms of infrastructure.
Every government in Canada ought to be in business with Tesla getting the charging networks in place.

With all of Tesla's profits you say they're making, maybe they can offer a Quid Pro Quo and ask if the charging stations are set up they will take over one of the shutdown GM plants and start assembling Tesla's here in Canada?
 
captain morgan
+1
#1620
Quote: Originally Posted by Twin_Moose View Post

With all of Tesla's profits you say they're making, maybe they can offer a Quid Pro Quo and ask if the charging stations are set up they will take over one of the shutdown GM plants and start assembling Tesla's here in Canada?


Ironically, Tesla et al may be forced (by the market) to install charging stations in order to offer 'practicality' to their buyers.


... But what with the share price of Tesla being savagely murdered these last 2 days, I can only wonder when the banks step in a demand their money.