Elon will probably just set up shop in Giga Texas factory as his residence
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Tesla mentioned in this IBD story published about an hour ago...
Dow Rallies As Pelosi Sees Stimulus 'Momentum'
""Leaderboard stock Tesla rallied after initially losing ground. However it's barely positive. It remains extended from a 466 buy point after breaking out of a cup-with-handle base.
Tesla has a best possible IBD Composite Rating of 99. The stock is up more than 600% so far in 2020"
Dow Rallies As Pelosi Sees Stimulus 'Momentum'
""Leaderboard stock Tesla rallied after initially losing ground. However it's barely positive. It remains extended from a 466 buy point after breaking out of a cup-with-handle base.
Tesla has a best possible IBD Composite Rating of 99. The stock is up more than 600% so far in 2020"
gabeincal
Active Member
Mo City
Active Member
I think ARK Invest is correct about starting with drivers but Tesla doesn't need Uber to do this.
Uber is the "giant" they are going to slay.
I was totally surprised by the numbers quoted in the insurance video. I pay $120 per month for LR model 3 and a Nissan leaf. Are folks paying much higher?
It's pretty crazy that the competitors require 8 lidar systems and it doesn't even work in the rain.
2daMoon
Mostly Harmless
Elon will probably just set up shop in Giga Texas factory as his residence
There may still be one existing house still standing on the TeraTexas site. Maybe he's got dibs on it ...
WSJ - 13 minutes ago: WSJ News Exclusive | About 150 U.S. Cadillac Dealers to Exit Brand, Rather Than Sell Electric Cars.
Excerpt:
About 150 General Motors Co. dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans, indicating some retailers are skeptical about making the pivot to battery-powered vehicles.
GM recently gave Cadillac dealers a choice: Accept a buyout offer to exit the brand or spend roughly $200,000 on dealership upgrades -- including charging stations and repair tools -- to get their stores ready to sell electric vehicles, these people said.
The buyout offers ranged from around $300,000 to more than $1 million, the people familiar with the effort added. About 17% of Cadillac's 880 U.S. dealerships agreed to take the offer to end their franchise agreements for the luxury brand, these people said.
Excerpt:
About 150 General Motors Co. dealers have decided to part ways with Cadillac, rather than invest in costly upgrades required to sell electric cars, according to people familiar with the plans, indicating some retailers are skeptical about making the pivot to battery-powered vehicles.
GM recently gave Cadillac dealers a choice: Accept a buyout offer to exit the brand or spend roughly $200,000 on dealership upgrades -- including charging stations and repair tools -- to get their stores ready to sell electric vehicles, these people said.
The buyout offers ranged from around $300,000 to more than $1 million, the people familiar with the effort added. About 17% of Cadillac's 880 U.S. dealerships agreed to take the offer to end their franchise agreements for the luxury brand, these people said.
mejojo
Active Member
I am paying Tesla $153/mo for 2 Model S. One driver. (There have been some COVID refund checks)
ZachF
Active Member
woodisgood
Optimustic Pessimist
Saw that same/similar Waymo vehicle in Golden Gate Park about two weeks ago. Says “Waymo Engineering” on the rear quarter panel.
No. It is just Michigan State Trooper.
In California Bay Area. $100/ month for PM3, LRX, and a Mercedes R350 (that never moves anymore) 2 drivers.
VS. $210/month with same 2 drivers in cabrio 335i, ram 1500, and aforementioned R350 with farmers.
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Toilet boy doesn't understand that Elon taking a dump on his face is worth 10x the taxes he would have saved. The guy literally spends time away from his busy schedule to design short shorts just to troll people like him.
BrownOuttaSpec
Active Member
ByeByeJohnny
Active Member
There's an article on Teslarati about potential 'merger' partners. I'll leave that discussion for others but there's a paragraph that seems to relate to the brief discussion yesterday about whether shareholder voting was necessary to create more shares.
It says the board can approve an extra 20% of shares without shareholders voting on this.
If this is correct there should be no problem doing a 2:1 split while also have room for Elons and other employees new shares as well as a pretty big acquisition if so desired. Not that any of this may happen but the possibility is there.
Either way seems like something that would be brought to a vote at the next annual meeting.
------- quote
The news agency added that acquiring Daimler would actually be pretty easy for Tesla. This is because under US stock-exchange rules, Tesla would require shareholder approval if it sought to increase its outstanding shares by over 20%. Given that the electric car maker has a market cap of about $560 billion today, Tesla could, at least in theory, purchase a company worth $100 billion without Elon Musk asking for permission.
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It says the board can approve an extra 20% of shares without shareholders voting on this.
If this is correct there should be no problem doing a 2:1 split while also have room for Elons and other employees new shares as well as a pretty big acquisition if so desired. Not that any of this may happen but the possibility is there.
Either way seems like something that would be brought to a vote at the next annual meeting.
------- quote
The news agency added that acquiring Daimler would actually be pretty easy for Tesla. This is because under US stock-exchange rules, Tesla would require shareholder approval if it sought to increase its outstanding shares by over 20%. Given that the electric car maker has a market cap of about $560 billion today, Tesla could, at least in theory, purchase a company worth $100 billion without Elon Musk asking for permission.
-------- end quote
I think the last thing Elon wants is a mega corporation not on the same page. He likes to acquire small companies in which it's much easier to change a few dozen employee's corporate mindset. But a corporation with hundreds of thousands of employees not hand picked by the Tesla team? No thanks. That's just baggage.
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