Your comments are uninformed.

Billions in losses at every factory may or may not be temporary, but it’s still billions in losses. The company’s value is based on pure speculation, not any semblance of profitability. As he downsizes, new much larger manufacturing lines are coming online from his competitors. He can’t get to 70% capacity to even break even because he can’t get chips, unlike his competitors. If investors become disillusioned, he goes broke and his company goes bankrupt.

Hiring!?! I guess you didn’t get the memo, they are downsizing by 10% across the board according to Elon, with more to come, because he expects sales to drop precipitously when his predicted depression occurs next year. (And because his other side projects aren’t generating cash flow he can pump into Tesla)

You have any other observations to have debunked?

Please enlighten us with your wisdom.

Your comments are uninformed.

A new factory does not become profitable until your up around the 70% full production capacity. Berlin and Texas just opened and putting out about 1000/week. This need to get to about 15000/week.

FOX news bitching about salaried layoffs -- And your point is what?

However, Tesla is hiring hundreds of factory floor employees.


You have any other observations to share?

Please enlighten me with your wisdom.

I'd be doing weird promotion if I were you too, given:

New Tesla factories losing billions of dollars, Musk says https://www.bbc.com/news/business-61905276

Fox Hosts Slam Elon Musk Over Tesla Layoff Comment, Twitter Dealings
https://www.newsweek.com/fox-hosts-slam-elon-musk-over-tesla-layoff-comment-twitter-dealings-1713226

Elon Musk: Tesla plants in Austin and Germany are losing ‘billions of dollars’ https://www.dallasnews.com/business/autos/2022/06/22/elon-musk-tesla-plants-in-austin-and-germany-are-losing-billions-of-dollars/


You really got it all figured out @bobknight33

It dropped precipitously because Elon was buying Twitter and would have to sell billions of stock to pay for it, just to name one self inflicted wound. The economic state should benefit Tesla, as you say, with gas at $5 and rising, ev’s are in high demand.

Gas in Canada is $6.75 US. UK is $5.75 in usd. Europe is around $5.25. But sure, it’s all Biden’s fault. Meanwhile my Exon, BP, and energy mutual funds are reporting record profits….but there’s no correlation. Hmmm.

I guess you didn’t hear Elon decided to cut his workforce by 10% anticipating a slump in sales. Elon doesn’t share your optimism.

Isn’t his major production hurdle a worldwide chip shortage, which he can do nothing about? Not sure how he’s going to ramp up production without more chips.

China isn’t the only economy in trouble….where is this unsold production supposed to go? Europe?…in trouble. US?… looking like we’re in trouble and a logistics nightmare. How much does shipping add to the price too? $5k? More?

All car manufacturers raised prices multiple times last year significantly, they all have a shortage of chips. I think it’s more likely he raised prices because he could without slowing down sales, not in order to slow sales.

Granted, ev’s are in high demand, but the big 3 are ramping up production and will outbuild Tesla in short order, as are European and Asian companies. He’s done great without competition, but some real competition is coming. The electric F150 is going to produce around 15000 this year with over 120000 (edit now 200000) reservations. They built a billion dollar factory for it alone, it will be the best selling full sized ev truck as soon as production starts. They also won’t have a chip constraint because they can take them from their huge f-150 supplies to meet production estimates.

If you want Tesla stock it’s not the worst time to invest, that was last November, but I certainly wouldn’t go all in. The PE ratio is still near 100….GAWD AWFUL. That’s called a speculative bubble….they pop. Ask Twitter.


Sorry about your dad. Mine died when I was 21. It’s never easy.

I respectively disagree.

This is the buy of the year. 40% off from its high. Not from anything Tesla has done ( or not done) but from the economic state America is going through.

I don't think this will turn around till our leadership changes in 2024


Since last qtr 2021 Tesla opened 2 Giga Factories Texas and in Germany. They are ramping up and will get full speed in 2 years. This year expect 200 thousand from these as they ramp.

Giga Shanghai was shut down and lost 50, 000 vehicles of production. They reopened fully 2 weeks ago . China economy is taking a big hit. But what isn't sold will be ship and sold elsewhere.


2022 yearly estimate production is still about 1.5 M vehicles for the year.

Wait time from order to delivery is average 7 months. Tesla increase their prices 8 times last year to keep this 7 months from getting worse.

Demand out strips supply.


Gas at 5$/gal isn't helping the ICE vehicles at all and will push EV demand even higher.


Like I said

This is the buy of the year. 40% off from its high.
Also looks like a stock split of 3 to 1 is coming. This does nothing but make it cheaper for those who would like to enter this. One can do so at a lower, affordable price point.



Buy and hold



Buy 10 shares and hold for 5 o 10 years.





FYI.
My dad passed away last month on the 28th. I've been out of work tending to him and now settling the estate.

Rich people do pay their fair share. Its called Lobbying, in return, they pay a fraction of the tax RATE (as a %) of us working-class pay.

These rich people are so poor, they go to the governments to gain tax exemptions for variety of things like land, building, power to build their HQ/factory or what have you to subsidize their billions & trillions.

But Eileen Gu is the classic American Capitalist. She follows where the (sponsorship) money is. Expert at her sport AND doublespeak. She's living her American Dream!

It's not kowtowing to China. It's just "smart business" if you take off that racist lens.

If Walmart is so patriotic, then they can stop sourcing from China.

If the American Auto Industry is so patriotic, they can stop buying their parts from China.

If Corporate America is so patritotic, they can stop opening up factories in China.

China's not forcing shit on America. It's America that love lapping up the cheapest shit they can find in China and beyond. Corporate America is not willing to pay a fair wage in America, they're even less willing to pay of living wage anywhere else, many forcing a "996" work schedule on staff (https://www.npr.org/2021/08/30/1032458104/12-hour-6-day-996-work-schedule-illegal-china-deaths-tech-industry).

"China"... it's an American addiction. Not the other way around.

Competition? Seriously what competition is there?

2 things are clear
Clearly your anti Tesla.
Clearly you truly dont know much about the EV market.

Tesla is dominating the EV space.
Tesla has 8 quarters of growth.
Growing roughly 20% per quarter and about 70% YoY
2021 seen 84% growth in car sales.
Demand is a 6 month wait.
Tesla has sold 930K vehicles in 2021.
2022 Fremont and shanghai will make 1.2Mvehicles alone.
Giga TX and Berlin coming on line soon should add 500K vehicles.

Ford / GM do not have the capitol to make EV and ICE.
Layers of management and union demands will keep from a rapid necessary to EV.
Ford / GM have each have over 100 Billion in debt
Factory closing and chip shortages causing more Ford /GM losses
Ford / GM probably go under unless bailed out.
Ford/ Gm lost sales and Tesla grew sales.

Toyota also dragging their feet.
VW is the only company seems to be moving to EV in a substantial manor.


As you say high demand / low supply is some how bad. This is good place to be. Its a supply issue . Tesla is addressing that.

Saying Tesla doesn't pay taxes. false argument. Every company pays their taxes. If you don't like the amount then that's a government tax policy issue.

FSD is still in beta form. It is not a final product. It is pretty fuckign good as is.


Elon being pro corporate anti tax is what you would expect.
Im sure Apple, Facebook, Google are all in this same camp.
Far right? I dont know about that.

was gonna post this...

https://www.youtube.com/watch?v=P5DEGa0_AAo

...but thought it was appropriate in the discussion.

it's a public safety issue. easy to see if one looks at the actual reality of the situation.

Here are a few of the values listed in the Denver Police Department Operations Manual*...

- Integrity: Faithful performance of our duties and always doing the right thing for the right reason
- Accountability: Demonstrating responsibility in all activities
- Respect: Treating others as we would like to be treated
- Customer Service: Exceeding our customers’ expectations

... so if they ask employees in retail to wear masks, factory workers for drug tests, or a hairdresser to pass hygiene training - it's not a stretch to ask a cop to get a vaccine. their own handbook calls for getting vaccinated.

again, public safety.


Can y̲o̲u̲ respect that?


* http://kpm106.com/LEO/LeoDocs/04-15book.pdf

Climate denier logic: Silicon Valley will fix everything! (Years later) Why are all the Tesla factories and half the coastal cities submerged!!? WTFOMGMAGA!!!

Trying to fix/mitigate future disasters is not playing to "FEAR!!!!!", it's common sense to have humanity exist on this Earth for the long haul. Head-in-the-sand syndrome, a bunch of Tesla stocks isn't solving anything for the grandchildrens.

while the dismantling seems problematic, 1 hour is nothing when messing with body panels. I'm impressed.

but any car battery can die when left undriven and other cars don't have trickle charger ports installed from factory, you have to add those yourself. (and should)

Hey boys and girls, just like a factory farm.