Re: Musk endeavours
Posted: January 14th, 2020, 2:43 pm
Just for information, I am again out of Tesla, but may re-enter at any moment.
Regards,
Regards,
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odysseus2000 wrote:Ody
You throw out statements about Tesla’s competitors without any factual basis. How can we take you seriously?
I don’t claim to understand the complexities of large company balance sheets, but a little research suggests you may not understand the strength of the BMW balance sheet.
BMW has been building large reserves off the balance sheet. Their accounting seems to be very conservative. The company is one of the largest landowners around Munich, one of the most expensive areas in Germany. Real estate owned by BMW is valued at costs which are years old . BMW owns production and assembly plants in more than 10 countries. Their book value does not represent current land values.
If you look carefully I think you may find that their assets are much larger than at first appear and thus their balance sheet strength may be more than many of their rivals - including Tesla! So unless you can prove otherwise, this is just a baseless allegation.
Maybe you should analyse the reasons for their success in selling half a million electric cars a little more carefully too . Maybe they are exploiting large market niches that other BEV manufacturers aren't reaching?
regards
Howard
There are assets and there is cash.
If BMW want to go after Tesla they are going to have to have their own dedicated battery making and BEV production facilities. This will cost a lot more than the 10 billion Euro they have on their balance sheet and to do this means cuts to their existing production, hurting their cash flow.
If they really want to go after the future their only option will be heavy borrowing and it becomes a difficult negotiation as they are asking for new money to produce alternatives to existing kit, so draining their own cash flow from existing lines to build new lines. They can of course argue that their existing assets are of great value, but that will be laughed at by the bankers who know that existing manufacturing kit has no value once the stuff it was made to produce becomes obsolete.
Also what about labour: Do they lay off a lot of people, or hire more or re-purpose?
This kind of rapid transition between one technology and a new technology is fraught with all kinds of troubles and they have not begun, likely believing that they can continue to turn out what they have been doing and what they planned to do without any change in an industry that is changing very rapidly.
BMW management have a miserable job, not one I would want to deal with, but if they want to be part of a BEV future they will have to start closing production lines and converting them to new product and doing it quickly. However, if they do that to safeguard their future they will hurt the now and upset shareholders who have a similar view to you: If stuff is selling why change for an uncertain future.
Imagine if you were on the BMW board, what would you advise?
I imagine BMW will soon go to the German government and say they need financial help and in the by and by it will likely be provided and it will cause all manner of complications within the EU and with tariffs from overseas markets etc etc.
In the meantime they are on the propaganda front telling all the consumers in the world what kinds of cars they want and that co2 emission isn't a big problem, the fires in Australia and global warming nothing to do with them etc.
Regards,
Howard wrote:There are a few problems with your arguments.
odysseus2000 wrote:Just for information, I am again out of Tesla, but may re-enter at any moment.
Regards,
JamesMuenchen wrote:odysseus2000 wrote:Just for information, I am again out of Tesla, but may re-enter at any moment.
Regards,
I heard there's a short squeeze on. Did you catch it?
Can anyone explain tesla's moat? It seems to me that the motor is just one component of a car and BEV is much simpler than ICE. why would traditional carmaker be unable to compete?
odysseus2000 wrote:Margins on Chinese made model 3 are 35%:
https://twitter.com/ray4tesla/status/12 ... 17312?s=20
Regards,
dspp wrote:odysseus2000 wrote:Margins on Chinese made model 3 are 35%:
https://twitter.com/ray4tesla/status/12 ... 17312?s=20
Regards,
Well spotted. That's better than the average qtly GM% of 22% (q3 2019), and the last model 3 GM I have of 20% (q3 2018).
Good news.
regards, dspp
Engineering icon linked to possible 'secret' electric car project
Nassim Nicholas Taleb
Verified account
@nntaleb
Elon @elonmusk, your Customer Support at Tesla is even worse than I claimed last time.
It is an insult to your customers.
Nassim Nicholas Taleb
Verified account
@nntaleb
A lot of pple think one has to be pro or anti-Tesla. Life is nuanced!
I love my Tesla, but customer service is terrible. (Used to be great but degraded sharply over the past 2 y. When I bought the car they used to come to you for repairs. No more).
Elon Musk
Verified account
@elonmusk
Replying to @nntaleb
Just saw this today. Tesla refunds in general should be easy to get electronically & certainly through customer service. Will he addressed.
Nassim Nicholas Taleb
Verified account
@nntaleb
Thanks, but It would be a good idea to give equal response to people who do not have as many followers on Twitter. I am not interested in such a refund if other people equally affected don't get fair treatment.
New Tesla registrations in California nearly halve in fourth quarter: data
(Reuters) - Tesla Inc’s (TSLA.O) overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.
The massive drop comes as tax credit for Tesla buyers ended in 2019. It had fallen to $3,750 at the start of the year and had halved to $1,875 in July.
An existing $7,500 U.S. tax credit for electric vehicles (EVs), which allows taxpayers to deduct a part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales, which Tesla hit in July 2018.
The report released on Wednesday showed registrations in California, a bellwether market for the electric-car maker, plummeted 46.5% to 13,584 in the quarter ended December 2019, from 25,402 in the same period a year earlier.
Model 3 registrations, which accounted for about three-fourth of the total, halved to 10,694.
BobbyD wrote:New Tesla registrations in California nearly halve in fourth quarter: data
(Reuters) - Tesla Inc’s (TSLA.O) overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.
The massive drop comes as tax credit for Tesla buyers ended in 2019. It had fallen to $3,750 at the start of the year and had halved to $1,875 in July.
An existing $7,500 U.S. tax credit for electric vehicles (EVs), which allows taxpayers to deduct a part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales, which Tesla hit in July 2018.
The report released on Wednesday showed registrations in California, a bellwether market for the electric-car maker, plummeted 46.5% to 13,584 in the quarter ended December 2019, from 25,402 in the same period a year earlier.
Model 3 registrations, which accounted for about three-fourth of the total, halved to 10,694.
- https://www.reuters.com/article/us-tesl ... SKBN1ZF03N
Meatyfool wrote:Regarding the massive sales for the Netherlands in December, where were the sales cannibalised from? Did Europe's quota get redirected towards the Dutch or did extra imports arrive to account for this pre-known spike?
BobbyD wrote:New Tesla registrations in California nearly halve in fourth quarter: data
(Reuters) - Tesla Inc’s (TSLA.O) overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.
The massive drop comes as tax credit for Tesla buyers ended in 2019. It had fallen to $3,750 at the start of the year and had halved to $1,875 in July.
An existing $7,500 U.S. tax credit for electric vehicles (EVs), which allows taxpayers to deduct a part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales, which Tesla hit in July 2018.
The report released on Wednesday showed registrations in California, a bellwether market for the electric-car maker, plummeted 46.5% to 13,584 in the quarter ended December 2019, from 25,402 in the same period a year earlier.
Model 3 registrations, which accounted for about three-fourth of the total, halved to 10,694.
- https://www.reuters.com/article/us-tesl ... SKBN1ZF03N
odysseus2000 wrote:BobbyD wrote:New Tesla registrations in California nearly halve in fourth quarter: data
(Reuters) - Tesla Inc’s (TSLA.O) overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records....
Model 3 registrations, which accounted for about three-fourth of the total, halved to 10,694.
- https://www.reuters.com/article/us-tesl ... SKBN1ZF03N
Registrations lag sales.
Regards,