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Musk endeavours
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- Lemon Half
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- Lemon Half
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Re: Musk endeavours
Musk's attempt to slow roll court proceedings predictably falls flat.
- https://www.ft.com/content/a400f5f3-fa3 ... 68157f7a4a
Twitter won an early victory in its legal battle to force Elon Musk to complete his $44bn takeover after a judge sided with the social media company and set a timetable for a fast-track trial starting in October.
- https://www.ft.com/content/a400f5f3-fa3 ... 68157f7a4a
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- Lemon Half
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Re: Musk endeavours
Tesla q2 earnings & web cast can be accessed here:
https://ir.tesla.com/#tab-quarterly-disclosure
Overall imho a good performance given the continuing COVID & supply chain issues.
A chunk of the Bitcoin was sold profitably to bolster fiat cash in case of further Chinese covid restrictions, but they still have not sold their Doge.
All factories are ramping.
4680 still have issues & much of production will be 2170 of which they have enough for the rest of 2022.
Bottle neck of refining lithium still remains & called for entrepreneurs to go into purifying lithium: License to print money!
Iron phosphate electrodes seen as dominating all aspects save fast cars & air craft where nickel/cobalt still electrode materials of choice.
Expect FSD this year, no material impact from Karpathy departure.
Nothing material anywhere that I heard & potentially setting up for a very strong q3.
Regards,
https://ir.tesla.com/#tab-quarterly-disclosure
Overall imho a good performance given the continuing COVID & supply chain issues.
A chunk of the Bitcoin was sold profitably to bolster fiat cash in case of further Chinese covid restrictions, but they still have not sold their Doge.
All factories are ramping.
4680 still have issues & much of production will be 2170 of which they have enough for the rest of 2022.
Bottle neck of refining lithium still remains & called for entrepreneurs to go into purifying lithium: License to print money!
Iron phosphate electrodes seen as dominating all aspects save fast cars & air craft where nickel/cobalt still electrode materials of choice.
Expect FSD this year, no material impact from Karpathy departure.
Nothing material anywhere that I heard & potentially setting up for a very strong q3.
Regards,
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- Lemon Slice
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Re: Musk endeavours
odysseus2000 wrote:A chunk of the Bitcoin was sold profitably
Was it?
It was certainly sold.
Profitably seems unlikely.
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- Lemon Half
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Re: Musk endeavours
murraypaul wrote:odysseus2000 wrote:A chunk of the Bitcoin was sold profitably
Was it?
It was certainly sold.
Profitably seems unlikely.
Tesla sold 10% of their bit coin into the huge run up:
https://www.cnbc.com/2022/07/20/tesla-c ... -2022.html
& then sold 3/4 as reported in their recent q2 report. The sale looks to have been at around $28,000, see e.g. around 6 minutes in this video: https://youtu.be/F4AthZAGSAM
The effect of the bit coin sale was to wrong foot many analysts who had pencilled in large impairments & not having them swung the quarter into an unexpectedly good one which is currently reflected in the equity that is up over 10% as I type.
Regards,
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- Lemon Half
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Re: Musk endeavours
murraypaul wrote:odysseus2000 wrote:A chunk of the Bitcoin was sold profitably
Was it?
It was certainly sold.
Profitably seems unlikely.
Less likely than Fake Self Driving arriving this year?
As I recall the estimate if the purchase price was $34k.
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- Lemon Half
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Re: Musk endeavours
Musk Lieutenant Scrutinized in Internal Tesla Purchasing Probe
Automaker to part ways with executive Afshar: people familiar
Order for glass was flagged to finance, internal audit groups
Omead Afshar, one of Elon Musk’s top lieutenants and the executive running Tesla Inc.’s Texas factory, is under scrutiny in an internal investigation for his role in a plan to purchase hard-to-get construction materials, according to people familiar with the matter.
Tesla has already fired some employees in relation to the probe, and the electric-vehicle maker plans to part ways with Afshar, likely through a leave of absence initially, the people said, asking not to be identified discussing private information. Terms of his exit are still being worked out.
...The internal investigation, led by Tesla Acting Head of Legal David Searle, started after a purchase order for construction material was identified as suspicious, the people said.
The order, for a special kind of glass, was flagged to Tesla’s finance and internal audit groups earlier this year, the people said. Investigators are trying to determine whether the glass was for Tesla Chief Executive Officer Musk’s personal use, people with knowledge of the matter said.
- https://www.bloomberg.com/news/articles ... rnal-probe
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- Lemon Half
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Re: Musk endeavours
Elon Musk’s Inner Circle Rocked by Fight Over His $230 Billion Fortune
Before the Tesla CEO’s billion-dollar battle over Twitter, another fight broke out over how his charitable giving should be managed. Ex-professional gambler Igor Kurganov became a top Musk adviser on giving his fortune away. Jared Birchall, his wealth manager and key player in financing the bid for Twitter, wanted him out.
- https://www.wsj.com/articles/elon-musk- ... 1657308426
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- Lemon Slice
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Re: Musk endeavours
odysseus2000 wrote:murraypaul wrote:odysseus2000 wrote:A chunk of the Bitcoin was sold profitably
Was it?
It was certainly sold.
Profitably seems unlikely.
Tesla sold 10% of their bit coin into the huge run up:
https://www.cnbc.com/2022/07/20/tesla-c ... -2022.html
& then sold 3/4 as reported in their recent q2 report. The sale looks to have been at around $28,000, see e.g. around 6 minutes in this video: https://youtu.be/F4AthZAGSAM
In which case the 75% just reported was sold at a loss?
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- Lemon Half
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Re: Musk endeavours
murraypaul wrote:odysseus2000 wrote:murraypaul wrote:odysseus2000 wrote:A chunk of the Bitcoin was sold profitably
Was it?
It was certainly sold.
Profitably seems unlikely.
Tesla sold 10% of their bit coin into the huge run up:
https://www.cnbc.com/2022/07/20/tesla-c ... -2022.html
& then sold 3/4 as reported in their recent q2 report. The sale looks to have been at around $28,000, see e.g. around 6 minutes in this video: https://youtu.be/F4AthZAGSAM
In which case the 75% just reported was sold at a loss?
Yeah, but if the price pulls up above that level Musk will probably try and pull out of the sale...
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- Lemon Half
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Re: Musk endeavours
From the financial information, as best as I currently understand it, there has been no disclosure of the bitcoin or doge buy/sell prices, everything just lumped together and the impairment hit take which was well below what most analysts forecast for q2, hence one explanation for the recent rise in the price of Tesla stock.
As far as I can tell there has been no disclosure that the bitcoin sales (including the first 10% tranche, sold much higher at a profit) were at a loss, the mood music was that it was profitable, but as of now I can't confirm that with numbers and there are some inconsistencies in press reports. Clearly there was an impairment as the 1/4 of the bit coin, circa 10,500, is still on the books and was down from the previous 1/4/
Similarly I don't have numbers on the doge that was disclosed during the q2 q&a.
If anyone has numbers from reliable sources please post.
Regards,
As far as I can tell there has been no disclosure that the bitcoin sales (including the first 10% tranche, sold much higher at a profit) were at a loss, the mood music was that it was profitable, but as of now I can't confirm that with numbers and there are some inconsistencies in press reports. Clearly there was an impairment as the 1/4 of the bit coin, circa 10,500, is still on the books and was down from the previous 1/4/
Similarly I don't have numbers on the doge that was disclosed during the q2 q&a.
If anyone has numbers from reliable sources please post.
Regards,
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- Lemon Half
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Re: Musk endeavours
VW have fired Diess:
https://www.google.com/amp/s/fortune.co ... rsche/amp/
Maybe he now comes to Tesla?
Regards,
https://www.google.com/amp/s/fortune.co ... rsche/amp/
Maybe he now comes to Tesla?
Regards,
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- Lemon Quarter
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Re: Musk endeavours
Hi folks,
I'd been wanting to add exposure to battery storage in my investments and was shocked and disappointed to discover that my broker (iWeb) don't have access to Gresham House Energy Storage Fund PLC LON: GRID. I then decided that a reasonable plan might be to add TSLA shares since they have an Li battery business as well as the cars.
However, what I was wondering was the answers to the following:
1. the % of sales and earnings contributed by the battery business to Tesla on the whole.
2. the rate of growth of these for the battery side of the business.
Has anyone on here got a rough idea of these figures?
thanks Matt
I'd been wanting to add exposure to battery storage in my investments and was shocked and disappointed to discover that my broker (iWeb) don't have access to Gresham House Energy Storage Fund PLC LON: GRID. I then decided that a reasonable plan might be to add TSLA shares since they have an Li battery business as well as the cars.
However, what I was wondering was the answers to the following:
1. the % of sales and earnings contributed by the battery business to Tesla on the whole.
2. the rate of growth of these for the battery side of the business.
Has anyone on here got a rough idea of these figures?
thanks Matt
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- Lemon Half
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Re: Musk endeavours
TheMotorcycleBoy wrote:Hi folks,
I'd been wanting to add exposure to battery storage in my investments and was shocked and disappointed to discover that my broker (iWeb) don't have access to Gresham House Energy Storage Fund PLC LON: GRID. I then decided that a reasonable plan might be to add TSLA shares since they have an Li battery business as well as the cars.
However, what I was wondering was the answers to the following:
1. the % of sales and earnings contributed by the battery business to Tesla on the whole.
2. the rate of growth of these for the battery side of the business.
Has anyone on here got a rough idea of these figures?
thanks Matt
This might give you a bit of useful information:
]https://www.torquenews.com/15475/tesla-energy-brief-analysis-profits-megapack-and-powerwall-batteries-solar-panels
But to do a better job you would need to look at Tesla quarterly reports and try and extract information from them.
I don't have this easily available and I am currently too busy to do any analysis of this as I am more interested in Tesla as a whole rather than subdivisions and with batteries there are always trade offs between storage, predominantly less energy dense chemistry and transport, more higher energy density but also some of the lower energy density chemistries are being used in vehicles as batteries are still a bottle neck.
Sorry I can't help more.
Regards,
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- Lemon Slice
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Re: Musk endeavours
You might want to look at the BATT ETF?
https://markets.ft.com/data/etfs/tearsh ... TT:LSE:USD
My gut feel that Tesla would not be a particular good proxy for battery technology or battery storage, as so much more of the business is in cars and car technology, specifically self driving technology.
https://markets.ft.com/data/etfs/tearsh ... TT:LSE:USD
The investment objective of the Fund is to provide exposure to companies that produce metals that are primarily used for manufacturing batteries and companies that develop electro-chemical energy storage technology (i.e. battery technology) and/or that produce batteries.
My gut feel that Tesla would not be a particular good proxy for battery technology or battery storage, as so much more of the business is in cars and car technology, specifically self driving technology.
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- Lemon Half
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Re: Musk endeavours
TheMotorcycleBoy wrote:Hi folks,
I'd been wanting to add exposure to battery storage in my investments and was shocked and disappointed to discover that my broker (iWeb) don't have access to Gresham House Energy Storage Fund PLC LON: GRID. I then decided that a reasonable plan might be to add TSLA shares since they have an Li battery business as well as the cars.
However, what I was wondering was the answers to the following:
1. the % of sales and earnings contributed by the battery business to Tesla on the whole.
2. the rate of growth of these for the battery side of the business.
Has anyone on here got a rough idea of these figures?
thanks Matt
It strikes me as a terrible proxy for GRID.
I'd definitely also consider that despite all the bold talk some years back Tesla is a customer for batteries like every other auto company, and their inability to bring the cybertruck, the Semi or the roadster to market appear to be largely due to their complete inability to produce their much hyped new battery in anything close to commercial quantities.
Why not just open an account with a new broker, if GRID is the investment you decided on?
Hell VW have a better portfolio of battery assets than Tesla!
Personally I'd rather like GRID to go back down so I can buy some more...
Edited to add: You can I think hold Gore Street Energy Storage on iWeb. Not a recommendation I haven't looked at them for donkeys, and plumped for Gresham House instead.
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- Lemon Half
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Re: Musk endeavours
Tesla (TSLA) discloses it was recently subpoenaed by the SEC over Musk’s tweets again
- https://electrek.co/2022/07/25/tesla-ts ... ets-again/
Tesla must pay for customer’s car due to ‘massive danger’ caused by self-driving Autopilot feature
The vehicle did not recognise obstacles properly and would brake randomly
Tesla has had to pay one customer back almost all that she paid for a car because of problems with its autopilot feature.
Elon Musk’s electric car company paid the German owner almost 112,000 euros for her Model S because a technical report showed that the vehicle did not recognise obstacles properly and would brake randomly.
The court ruled that this could cause a “massive danger”, especially in inner cities, according to Der Spiegel.
Tesla’s lawyers contended that autopilot is not designed for city traffic, but the court said it was not feasible for drivers to keep switching the system on and off while driving – which would be distracting.
"Once again, it turns out that Tesla does not keep the full-bodied promise when it comes to autopilot," the plaintiff’s lawyer said.
Tesla has had a series of issues regarding its autopilot feature. Recently, the self-driving mode almost sent an owner into an oncoming tram.
- https://www.independent.co.uk/tech/tesl ... 25776.html
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- Lemon Half
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Re: Musk endeavours
Tesla recorded a $64 million profit on sale of bit coin according to latest 10q:
https://www.coindesk.com/business/2022/ ... les-in-q2/
Regards,
https://www.coindesk.com/business/2022/ ... les-in-q2/
Regards,
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- Lemon Half
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Re: Musk endeavours
odysseus2000 wrote:Tesla recorded a $64 million profit on sale of bit coin according to latest 10q:
https://www.coindesk.com/business/2022/ ... les-in-q2/
Regards,
The electric car company also posted an impairment of $170 million on its remaining bitcoin holdings.
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- Lemon Half
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Re: Musk endeavours
BobbyD wrote:odysseus2000 wrote:Tesla recorded a $64 million profit on sale of bit coin according to latest 10q:
https://www.coindesk.com/business/2022/ ... les-in-q2/
Regards,The electric car company also posted an impairment of $170 million on its remaining bitcoin holdings.
What point are you making?
Impairment & profit are different things, profit goes on income, impairment is an accounting construct. If not coin reversed up the impairment vanishes if the price exceeds the holding price.
Regards,
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