Tesla to cut thousands of jobs as Elon Musk warns the ‘road ahead is very difficult’
- Thread starter petros
- Start date
No wonder Musk is cash poor, trying to prop up the shares, what happens when he pulls his shares back out to have cash again?
I wouldn't worry too much about Elon Musk.
He is looking at several billion in stock options if Tesla can maintain a $100 billion market cap for 6 months.
Trump says Tesla is going to ‘build a very big plant in the US.’ What is he talking about?
He’s going to be building a very big plant in the United States. He has to, because we help him, so he has to help us.
https://electrek.co/2020/01/22/trump-tesla-build-factory-us/
Of course Tesla is not building any more big factories in America. The future is China and Europe and Tesla is in China and Europe getting the government support that Trump made sure they lost in America.
He’s going to be building a very big plant in the United States. He has to, because we help him, so he has to help us.
https://electrek.co/2020/01/22/trump-tesla-build-factory-us/
Of course Tesla is not building any more big factories in America. The future is China and Europe and Tesla is in China and Europe getting the government support that Trump made sure they lost in America.
Trump: Tesla's Elon Musk Is 'One of Our Great Geniuses'
(Getty)
Wednesday, 22 January 2020 11:55 AM
https://www.newsmax.com/finance/streettalk/trump-elon-musk-tesla-genius/2020/01/22/id/950784/
President Donald Trump said he’s disappointed in Boeing Co., which said Tuesday that its 737 Max won’t be cleared to return to flight until midyear, and praised Tesla Inc. Chief Executive Officer Elon Musk as “one of our great geniuses.”
“Very disappointing company,” Trump said of Boeing Wednesday during an interview with CNBC in Davos, Switzerland, where he’s attending the World Economic Forum’s annual conference. “This is one of the great companies of the world, let’s say as of a year ago, and then all of a sudden things happen.”
In the same interview, Trump marveled at the success of Musk’s rocket company, SpaceX. “He does good at rockets too, by the way,” he said of Musk. “I never saw where the engines come down with no wings, no anything, and they’re landing.” Trump expressed surprise at Tesla’s resurgence since overcoming manufacturing difficulties with its Model 3 sedan last year.
“I was worried about him, because he’s one of our great geniuses, and we have to protect our genius,” Trump said. “You know, we have to protect Thomas Edison and we have to protect all of these people that came up with originally the light bulb and the wheel and all of these things.”
Trump indicated he had taken note of the recent surge in Tesla’s stock price (TSLA) after it reported a surprise quarterly profit and opened a factory in China. The company’s market value climbed above Volkswagen AG’s for the first time to more than $100 billion.
“I mean, you go back a year and they were talking about the end of the company,” Trump said. “And now all of a sudden they’re talking about these great things.”
(Getty)
Wednesday, 22 January 2020 11:55 AM
https://www.newsmax.com/finance/streettalk/trump-elon-musk-tesla-genius/2020/01/22/id/950784/
President Donald Trump said he’s disappointed in Boeing Co., which said Tuesday that its 737 Max won’t be cleared to return to flight until midyear, and praised Tesla Inc. Chief Executive Officer Elon Musk as “one of our great geniuses.”
“Very disappointing company,” Trump said of Boeing Wednesday during an interview with CNBC in Davos, Switzerland, where he’s attending the World Economic Forum’s annual conference. “This is one of the great companies of the world, let’s say as of a year ago, and then all of a sudden things happen.”
In the same interview, Trump marveled at the success of Musk’s rocket company, SpaceX. “He does good at rockets too, by the way,” he said of Musk. “I never saw where the engines come down with no wings, no anything, and they’re landing.” Trump expressed surprise at Tesla’s resurgence since overcoming manufacturing difficulties with its Model 3 sedan last year.
“I was worried about him, because he’s one of our great geniuses, and we have to protect our genius,” Trump said. “You know, we have to protect Thomas Edison and we have to protect all of these people that came up with originally the light bulb and the wheel and all of these things.”
Trump indicated he had taken note of the recent surge in Tesla’s stock price (TSLA) after it reported a surprise quarterly profit and opened a factory in China. The company’s market value climbed above Volkswagen AG’s for the first time to more than $100 billion.
“I mean, you go back a year and they were talking about the end of the company,” Trump said. “And now all of a sudden they’re talking about these great things.”
So you admit that the only way Tesla can survive is by sucking up taxpayers money. Good for you. The first step to healing is admitting you have a problem.
Forward P/E 1 Yr. - 121.33
Earnings Per Share(EPS) - $-4.85
Annualized Dividend - N/A
Ex Dividend Date - N/A
Dividend Pay Date - N/A
Current Yield - 0%
it's the batteries,stupid
https://www.teslarati.com/tesla-battery-acquisition-secret-weapon-vs-daimler/
Tesla's battery acquisitions are paying off in spades, and giving rivals a lot of pain
There was a time, not too long ago, when Tesla skeptics questioned the company’s focus in designing and producing its own batteries with a dedicated partner like Panasonic and a facility like Gigafactory 1 in Nevada. Batteries, after all, are available off-the-shelf from companies like LG Chem, and it seemed pretty futile for Tesla to insist that it needs its own battery supply for its future business.
Fast forward to 2020, and Tesla’s extreme focus on battery development is paying off in spades. Over the years, Tesla has acquired multiple companies that have, in some way, enabled the company to accelerate or improve its products’ batteries. Included among these are Grohmann Automation, whose machines are the bread and butter in Gigafactory 1, Maxwell Technologies, and more recently, HIBAR systems.
At this point, Tesla’s batteries have pretty much become the gold standard for EVs, and the company appears to be well on its way towards releasing vehicles that have a range of 400 miles or more. The Plaid Model S and X will likely be the first of these, as well as the next-gen Roadster, which will have 620 miles of range. Even the reasonably-priced Cybertruck tops out at over 500 miles of range per charge. Massive battery developments are needed to achieve these, and Tesla seems to have done it, or at least is well on its way.
Simon Alvarez
BySimon AlvarezPosted on January 24, 2020
There was a time, not too long ago, when Tesla skeptics questioned the company’s focus in designing and producing its own batteries with a dedicated partner like Panasonic and a facility like Gigafactory 1 in Nevada. Batteries, after all, are available off-the-shelf from companies like LG Chem, and it seemed pretty futile for Tesla to insist that it needs its own battery supply for its future business.
Fast forward to 2020, and Tesla’s extreme focus on battery development is paying off in spades. Over the years, Tesla has acquired multiple companies that have, in some way, enabled the company to accelerate or improve its products’ batteries. Included among these are Grohmann Automation, whose machines are the bread and butter in Gigafactory 1, Maxwell Technologies, and more recently, HIBAR systems.
At this point, Tesla’s batteries have pretty much become the gold standard for EVs, and the company appears to be well on its way towards releasing vehicles that have a range of 400 miles or more. The Plaid Model S and X will likely be the first of these, as well as the next-gen Roadster, which will have 620 miles of range. Even the reasonably-priced Cybertruck tops out at over 500 miles of range per charge. Massive battery developments are needed to achieve these, and Tesla seems to have done it, or at least is well on its way.
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This does not appear to be true for other OEMs attempting to enter the electric vehicle market. As veteran companies unveiled their EVs, and as none have really managed to hold a candle to Tesla’s flagship Model S in terms of range, it is becoming evident that the electric car maker’s investments in batteries may have actually been the right strategy all along. Daimler, for one, seems to be feeling this inconvenient truth, with works council chief Michael Brecht explaining during a recent interview with Manager Magazin that Tesla’s battery-related acquisitions are actually having an effect on Germany’s EV efforts.
Daimler launched its first EV, the Mercedes-Benz EQC, in 2018, and it has not really lived up to the hype. Despite being dubbed at some point as a potential “Tesla Killer” due to its pedigree and excellent German build quality, the all-electric SUV has faced battery shortages and low sales. Registrations in Germany for the vehicle only show about 55 units sold to date despite all the ad campaigns dedicated to the SUV. Battery supply shortages have also forced Daimler to cut the annual production target of the EQC by 50% from 60,000 to just 30,000.
Quite interestingly, Brecht partly blames Tesla for some of the challenges facing the EQC today. Explaining his points to the publication, he argued that one of the reasons Daimler is struggling with battery demand is because Tesla bought Grohmann Engineering, which has valuable technology that could be used for battery-related developments and activities. Brecht also mentioned that Grohmann was actually hired by Mercedes-Benz to build up its own battery manufacturing capacity.
Brecht’s statements are notable since it is quite rare to see a veteran car manufacturer actually point the finger at Tesla to explain the dire condition of its own EV program. One can only hope that perhaps, the EQC would be a lesson that Daimler could learn from. After all, Daimler, among German automakers, would likely have no issues tapping into Tesla’s established technologies, batteries and powertrains alike, as the two companies have already worked together in the past. Elon Musk has stated that eventually, Tesla may be open to selling its batteries and powertrains with other OEMs. If this were to happen, it would be wise for Daimler to wait right in front of the line to avoid another EQC-sized flop.
https://www.teslarati.com/tesla-battery-acquisition-secret-weapon-vs-daimler/
Tesla's battery acquisitions are paying off in spades, and giving rivals a lot of pain
There was a time, not too long ago, when Tesla skeptics questioned the company’s focus in designing and producing its own batteries with a dedicated partner like Panasonic and a facility like Gigafactory 1 in Nevada. Batteries, after all, are available off-the-shelf from companies like LG Chem, and it seemed pretty futile for Tesla to insist that it needs its own battery supply for its future business.
Fast forward to 2020, and Tesla’s extreme focus on battery development is paying off in spades. Over the years, Tesla has acquired multiple companies that have, in some way, enabled the company to accelerate or improve its products’ batteries. Included among these are Grohmann Automation, whose machines are the bread and butter in Gigafactory 1, Maxwell Technologies, and more recently, HIBAR systems.
At this point, Tesla’s batteries have pretty much become the gold standard for EVs, and the company appears to be well on its way towards releasing vehicles that have a range of 400 miles or more. The Plaid Model S and X will likely be the first of these, as well as the next-gen Roadster, which will have 620 miles of range. Even the reasonably-priced Cybertruck tops out at over 500 miles of range per charge. Massive battery developments are needed to achieve these, and Tesla seems to have done it, or at least is well on its way.
Simon Alvarez
BySimon AlvarezPosted on January 24, 2020
There was a time, not too long ago, when Tesla skeptics questioned the company’s focus in designing and producing its own batteries with a dedicated partner like Panasonic and a facility like Gigafactory 1 in Nevada. Batteries, after all, are available off-the-shelf from companies like LG Chem, and it seemed pretty futile for Tesla to insist that it needs its own battery supply for its future business.
Fast forward to 2020, and Tesla’s extreme focus on battery development is paying off in spades. Over the years, Tesla has acquired multiple companies that have, in some way, enabled the company to accelerate or improve its products’ batteries. Included among these are Grohmann Automation, whose machines are the bread and butter in Gigafactory 1, Maxwell Technologies, and more recently, HIBAR systems.
At this point, Tesla’s batteries have pretty much become the gold standard for EVs, and the company appears to be well on its way towards releasing vehicles that have a range of 400 miles or more. The Plaid Model S and X will likely be the first of these, as well as the next-gen Roadster, which will have 620 miles of range. Even the reasonably-priced Cybertruck tops out at over 500 miles of range per charge. Massive battery developments are needed to achieve these, and Tesla seems to have done it, or at least is well on its way.
SPONSORED CONTENTLooking For a New Car? Explore Acura’s Certified Pre-Owned Models
Looking For a New Car? Explore Acura’s Certified Pre-Owned Models
By Acura
Learn more about the benefits of certified pre-owned Acura models.
This does not appear to be true for other OEMs attempting to enter the electric vehicle market. As veteran companies unveiled their EVs, and as none have really managed to hold a candle to Tesla’s flagship Model S in terms of range, it is becoming evident that the electric car maker’s investments in batteries may have actually been the right strategy all along. Daimler, for one, seems to be feeling this inconvenient truth, with works council chief Michael Brecht explaining during a recent interview with Manager Magazin that Tesla’s battery-related acquisitions are actually having an effect on Germany’s EV efforts.
Daimler launched its first EV, the Mercedes-Benz EQC, in 2018, and it has not really lived up to the hype. Despite being dubbed at some point as a potential “Tesla Killer” due to its pedigree and excellent German build quality, the all-electric SUV has faced battery shortages and low sales. Registrations in Germany for the vehicle only show about 55 units sold to date despite all the ad campaigns dedicated to the SUV. Battery supply shortages have also forced Daimler to cut the annual production target of the EQC by 50% from 60,000 to just 30,000.
Quite interestingly, Brecht partly blames Tesla for some of the challenges facing the EQC today. Explaining his points to the publication, he argued that one of the reasons Daimler is struggling with battery demand is because Tesla bought Grohmann Engineering, which has valuable technology that could be used for battery-related developments and activities. Brecht also mentioned that Grohmann was actually hired by Mercedes-Benz to build up its own battery manufacturing capacity.
Brecht’s statements are notable since it is quite rare to see a veteran car manufacturer actually point the finger at Tesla to explain the dire condition of its own EV program. One can only hope that perhaps, the EQC would be a lesson that Daimler could learn from. After all, Daimler, among German automakers, would likely have no issues tapping into Tesla’s established technologies, batteries and powertrains alike, as the two companies have already worked together in the past. Elon Musk has stated that eventually, Tesla may be open to selling its batteries and powertrains with other OEMs. If this were to happen, it would be wise for Daimler to wait right in front of the line to avoid another EQC-sized flop.