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Doug Field left Tesla in 2018 in the middle of notoriously failed M3 ramp-up. He was in charge of M3 production and Elon himself took M3 program chief role in May 2018. Official reason for leaving was "family absence". Am not saying he definitely got fired, but there was serious speculation at...

You could request a reclassification to professional client. Professional status should clear KID requirement and allow you to trade US ETFs. Some EU brokers offer this shortcut in case you meet certain criteria (e.g. 500k€+ portfolio, proof of professional trading in recent history, or...

10% import tax applies to all non-EEA countries. If I recall correctly only differences are commercial vans & pickups (higher tax) and motorcycles (lower tax).

This is smart move if Tesla is able to sell Fremont production in USA&Canada. Shanghai has definitely lower production costs than Fremont. We also know that China demand is strong, but taking the current FCA deal into account it's probably better deal to sell cars in Europe than in China...

I believe 2M vehicles a year is internal target set by Tesla. Check the archived Giga Berlin page: https://web.archive.org/web/20200626231735/https://www.tesla.com/gigafactory-berlin "Phase 1 will focus on production of Model Y, with a target capacity of 10,000 vehicles per week." Now this same...

They might not be co-operating in technology, but at least they both benefit from media publicity. What VW got: Elon Musk driving the ID.3 is a perfect ad for VW after all the mess. Until now most potential buyers have only seen photos of VW stockpiling the ID.3s on airfields and reports on...

Great points. I'd like to add one more: Norwegians are famous for their outdoor lifestyle (skiing, fishing, sailing, hiking, etc.). You can't really fit such a massive outdoor gear in Model 3. In this regard Norway is quite different market than rest of Europe where compact cars are preferred...

Has anyone considered investing in Desktop Metal? (current SPAC-ticker: TRNE, after merger: DM) Full investor presentation: https://www.desktopmetal.com/uploads/Desktop-Metal-Investor-Presentation-FINAL.pdf Pros: 3D-printing metal parts at industrial scale sounds like a promising business...

What's going on in pre-market trading... Why we are only $50 up today? Any negative news?

Autonomy isn't binary. People are willing to pay for semi-autonomy too as we've seen recently. These driver assist features get better and better every day. That eventually leads to a higher FSD take rate and/or higher price. Not even counting the effect of growing fleet (addressable market...

I just received similar message from Lynx/IB where most of my holdings are. I hope they've communicated with Finnish tax authorities too and not just giving same generic answer as in the Netherlands. No written confirmation from Degiro yet. I didn't even ask Nordnet where I've some old...

Spot on analysis. Current pre-market suggests we could be repeating Feb delta-hedging squeeze. The question is what happens after the split+sp500+batteryday combo. You're probably right there is a risk of a drop after the battery day, but our momentum is too strong to go significantly down...

This is great news. That Binck FAQ-page is the first official written confirmation from any EU broker AFAIK. Thank you! First, this is very important signal because all brokers in Belgium must execute the transaction in the same way. Second, they are using the term "stock split" instead of...

I'm happy to hear you contacted Martin Viecha. There is a good chance you receive a clear answer from Tesla :) I also received new comments today from a senior tax advisor. He kind of confirmed my feeling that the decision is not up to tax authorities. He said stock dividends are taxable and...

You are not the only one wondering. Remember that Adam Jonas was expecting 1:165 split. Some people simply think hundreds of steps ahead of everyone.

I think your dates are wrong in that example. If you want to avoid receiving stock dividends the critical thing is not to have any ownership record on the 21st. Remember the T+2 rule here. The price of the stock should go down once the record date passes. After that you can buy anytime without...

I created a separate thread for this: Stock split tax implications for non-US shareholders Not easy job to move discussion from main thread, but worth trying. This is super-important issue for many non-US shareholders. At the same time, this discussion has zero value to US-based investors...

Tesla performs a stock split 1:5 in the form of stock dividend. We already know stock dividend doesn't create a taxable event for US-based shareholders. Unfortunately in several European countries stock dividends are taxed in the same way as cash dividends. So far we've very limited confirmed...

Just to clarify: This isn't 100% confirmed even in Finland, but just an initial interpretation by few tax/accounting professionals. Of course everyone is now digging the issue in more detail. The problem so far is lack of similar cases. There is no prior local example case where stock dividend...

The following might help you to decide what to do: This issue is highly country-specific as noted by several German, Belgian, Dutch, UK, etc. forum members. I've spent whole day speaking with several tax specialists and unfortunately the initial answer is not very promising. The rule in Finland...

Take Russian news always with a grain of salt. Article contains typical Russian propaganda: "His daughter was among those who had already been vaccinated, he said." In their political culture that sentence pretty much translates to "The vaccine could work but it's very very very risky". His...

Smaller car doesn't necessarily mean weaker gross margins in software era. Many customers want FSD feature regardless of their car size. They'll buy apps regardless of their car size (once third party apps become available). Software is where the margins are eventually. In case of a small...

"raising our 2030 volume forecast to 3 million" Let's assume no new factories in 10 years. Fremont and Shanghai produce 500k each. Berlin has 2m estimated capacity once fully completed and Austin is larger than Berlin... 0,5+0,5+2m+3m = 3 million. Of course it's 3 million. Seriously, his $10...

I wouldn't say delivery vans are a niche market. It might be in the states, but look at Ford Europe 2019 sales: * ford fiesta: 227100 (wasn't this most popular in the UK?) * ford focus: 223100 (3rd most popular n the UK?) * ford transit/tourneo vans: 263600 * ford ranger: 12900 (yes, 12900...

You're right that even with the greatest stretch of imagination this "3650 miles battery" announcement in the near future is pure fantasy. However, there is still a good chance that something fundamentally new is coming sooner than we expect. Why they dropped "cell building" from Giga Berlin...

Berkshire had a market cap of $170 billion when joining the S&P 500 in 2010. Making roughly 1% weight in the index. Source: Will Berkshire Pop Friday Upon Joining S&P 500? TSLA weight would be somewhere around 0.6% if joining today. Source: https://twitter.com/truth_tesla/status/1277324996319338497

Q2 GAAP profit would be huge, but does it even matter? The wording "breaking even is looking super tight" means S&P500 is almost inevitable after Q3. After reading 2018/Q3 guidance most of us believed that S&P500 is around the corner. In the end we were probably lucky to wait this long...

My friend just got a message from Tesla that his vehicle is ready for delivery on 29th June. Original delivery date was supposed to be in September. It takes additional ~4 days on the sea from Zeebrugge to Vuosaari. If they can ship cars to Finland on time for Q2 it means the rest of Europe is...

Spot on analysis regarding general vehicle market. In the past I used to work in auto analytics company implementing software for insurance companies & car dealers to calculate residual values of used vehicles. Based on what I learned there the used car market looks currently worse than ever...

Toyota tail lights are almost visible from pre-market levels. Toyota down 0,52% today. Only ~10% difference in market caps. The potentially upcoming "Tesla is now the most valuable automaker" headlines would be a great piece of free advertising. Not that it matters to most long-term holders...

It's also worth remembering that China is now pretty much self-sufficient. What once was allocated for China has to be sold elsewhere starting from this quarter. Tesla has to find more buyers in the US, EU, or some new markets such as Korea to keep Fremont 100% running. Earlier US&EU sales...

The capital cost shouldn't be a problem if profits are going through the roof. Wall Street is begging to fund the fleet once FSD is real. Elon stated in the past that they are likely to follow the app store (Apple, Google) revenue split model. Let's assume robotaxi revenue is split between the...

This article could osborne sales among TMC readers, but very few average Joes understand the difference between this new speculated battery and the current one. Also, it's 100% sure that this next gen battery tech will be obsolete by 2025 latest when Tesla & CATL have something new again. If...

I thought factory re-opening was somewhat priced in, but pre-market disagrees. I've a feeling we might visit 900s quite soon if macros remain positive.

When the dust settles it's interesting to see whether Fremont produces US or EU variant. On the one hand, European FCA credits greatly improve automotive gross margin as seen in Q1 results. On the other hand, there is still plenty of inventory left in Europe. Order backlog must be stronger in US...

Yeah it's probably over now guys. Alameda is alone against Musk, Newsom, Mnuchin and all the others. It's a checkmate. If county strikes back and tries to shut down Fremont: they'll lose their faces even more they'll lose Tesla eventually they've just started a major social media shitstorm...

We all know MMs typically delta hedge their call options by buying shares. However, does anyone here know what technically happens to these shares at expiry dates? Some contracts are executed, but are the remaining shares sold to market instantly? Probably the effect on SP is not very relevant...

Fluctuating gasoline price is not the case everywhere. In many European countries gasoline price is relatively consistent for consumers. This example is from my country, but most others apply fixed taxes in similar fashion. Normal situation: tax free price 0,72€/litre fixed taxes 0,6504€/litre...

Distantly related piece of information from Europe: Went for a M3 test drive on Saturday. After the drive we had a chat inside Tesla store with the sales guys. Local inventory is quite dry already where I live, but I was offered configurations that are currently located in Zeebrugge. They quite...

Ok thanks. Should have double-checked that myself. Easy to miss details when listening and English is my fifth language anyway.

Yeah. I thought one is enough for Fremont, but could be that they need another one there. I initially thought that second machine could mean Model Y program being ahead of schedule in China. Building is ready in 2-3 months anyway. It wouldn't be first time they lie us about Model Y schedules :P

Listened that podcast last night. If I recall correctly Elon said they have currently two machines. One in Italy (for whatever reason) and other one in China. He said they are installing one in Fremont after a month or so. EDIT: cleantechnica also confirms this: The Redesign Of The Tesla Model...

After 3 years of only buying I also unloaded my non-core shares recently and bought some Amazon, Netflix and JD.com. These are the companies I believed benefit most from COVID-19. I'd have never sold any TSLA without seeing good enough alternatives for the money. Still roughly 50% in TSLA...

I would say there is no preference. Are American-made GM&Ford vehicles quality products? No. Are iPhones decent phones even though they are produced in China? Yes. Consumers are not stupid.

You mean China is against exporting products made in China? They have trade surplus of USD 400 Billion. It's not harming any economy if products are exported. It's creating jobs, tax revenue, etc. Of course, it could be part of the China-Tesla agreement that factory output is only for local...

While you are probably right that Tesla can deliver all their MIC production locally, it's not necessarily their best option financially. European FCAU pooling deal should be worth at least $600M this year, but to get that money Tesla needs to sell the cars in Europe. If Fremont reopens soon...

You are right other EVs are needed too to get prices down. Currently there are only a few affordable options and demand for e.g. Hyundai Kona is way above supply. Hopefully later this year VW gets their ID3 on the road. It benefits Tesla too if more people realize buying a gas car now means zero...

The starting price of Model 3 is roughly $55K in most EU countries (not ~$38K like in the US). That $55K is for SR+. The comparison to avg gas car price makes sense to point out that EV prices need to go down to replace all ICEs on the road. We all know it's happening sooner or later, but...

Momentum is clear in Europe and EV support is definitely there. The only remaining bottleneck of wider adoption is still the price. Despite its clear success Model 3 is over $30K more expensive than average car sold in Europe. During H1/2019 avg car retail price in Europe was $34,091 (whereas...

I don't know if this is Electrek clickbait or they just don't understand the European permit processes. It's absolutely nonsense to think the foundations were planned without testing the soil. That's why bureaucracy is there: everything must be tested, evaluated, analyzed, and so on. So far...