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Tesla satisfied SEC review.

JPR007 on Twitter

Another short narrative busted.

The Securities and Exchange Commission queried Tesla's last annual report and its latest second-quarter report in a letter to Tesla's finance chief, Zachary Kirkhorn, on September 17, according to filings it shared this week.

The agency requested further explanation for changes in Tesla's accounts, sales by acquired companies to third parties, and its exclusion of some costs from its warranty reserve. The agency also asked for more details of Tesla's accounting of leased automobiles this year, following the release of new guidelines on their treatment.
Kirkhorn responded that the changes to Tesla's accounts — including a big jump in its production costs — were largely driven by scaled-up manufacturing of the Model 3. He added that some of the companies it acquired were still contracted to sell goods to third parties. He broadly defended Tesla's accounting of warranty reserves and lease accounting as kosher.

The SEC, seemingly satisfied with his reply, closed its review on October 28.

The agency also wrote to Tesla's legal team on September 17, seeking unredacted copies of some financial information to assess whether the company was within its rights to withhold it from SEC filings for competitive reasons. In a follow-up letter on September 25, it agreed certain information from Tesla's filings in 2017 and 2018 could be redacted until September 2020.
Really busts the whole accounting fraud nonsense.
 
I hope Tesla will not do that. In stead they should keep cutting production cost of current models, maintain the retail prices (or raise price), so they can have good margin to build more Gigafactories.
Yeah, but they should favor selling more Teslas to whichever demographic puts the most MILES on their cars. Some of us on the forum mention not putting on many miles. Salesmen, for example, put on more miles than most so will make the biggest pollution difference. Remember the mission statement.
 
British family wins $135m lottery jackpot:

EuroMillions couple go public with £105m win - but dad vows to keep on working

"Steve Thomson, 42, and wife Lenka, 41, from Selsey, West Sussex, are now one of the UK's biggest ever winners - while their 10-year-old son has already asked for a Tesla"


£105m Euromillions winners revealed as couple from Sussex

Asked how his children had responded, Mr Thomson said: “My eldest’s a very sensible kid, he said, ‘Dad, can I have my own room?’ Our other son did ask for a Tesla but he is only ten. And our daughter, who is eight, has her sights firmly set on a pink iPhone.”​

The dreams of a new generation: "My own home. My own iPhone. My own Tesla."
 
I guess we're back to discussing the CT in this thread again, so I'll share this here.

I had a dentist appt Monday. The receptionist saw my S and said, "My fiancee is buying one of those new Tesla trucks!". She went on to explain that he is in construction, bought an F150 last year with a 120V outlet, but he was surprised to learn it powers very little at the job site. So he wants a CT for the utility of it. Also said he thought it was ugly, but couldn't care less.

So I rode home shocked that someone randomly brought up and knew about the CT (and had an order) in SOUTH GEORGIA, without me asking or prodding. But, it gets even better. When I arrived home, my college age son had some of his old high school buddies over and they were playing basketball. As the kids all spoke to me, shook hands, etc, one of them, who just gotten accepted to medical school asked me if I had seen the CyberTruck - and his face lit up as he said, "That will be the very first vehicle I ever buy. I want one so bad. It looks so freaking cool."

Understand that I have "brain-washed" these kids about all things Tesla for many years now, so it isn't exactly random, but still, for a 21 year old med student (soon to be) to say he likes the way it looks speaks volumes about how the younger generation might feel about the CT. I'm sure the ratio of those who find its looks appealing is far higher among his age group (18-26 let's say). We just need all of them to get to the point where they can afford one.
 
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I want to see one damn Tesla commercial during the holidays. Just one. So tired year after year watching all the holiday car commercials selling "family". Except all those cars are polluting the planet and destroying their kids future world.....oh sorry, went off the deep end there....Happy Thanksgiving!
With the billion dollar exposure Tesla just had, who needs a commercial that most will skip over?
 

twist ..
Lingling Wei 魏玲灵 on Twitter
Screen Shot 2019-11-28 at 10.02.07 AM.png
 
I want to see one damn Tesla commercial during the holidays. Just one. So tired year after year watching all the holiday car commercials selling "family". Except all those cars are polluting the planet and destroying their kids future world.....oh sorry, went off the deep end there....Happy Thanksgiving!

Here's one for ya

 
I also want to share this funny story as my last post on Thanksgiving.

I am a Tesla "salesman" 24/7. I have felt from the day I bought my S that I wanted to use my car to pique people's interest, and learn about Tesla. I probably go out of my way a bit much to make people notice it - especially using old timey summons to back my car out of parking spots.

Anyway, recently, I was stopped at an old gas station that had been turned into a craft beer store. It's the only place we can get certain craft beers from some small breweries. Now, granted, the store is in a sort of sketchy area of Savannah, but not the worst in the city. After making my purchase, I came out and there was this gentlemen looking over the car. As I walked up, I got the usual questions - "this your car?", "who makes it?", "that's a good looking car", etc. So, I went into salesman mode and do what I always do and explain that it is an electric car made by an American company - and then say, "You want to see the engine?". Then I pop the frunk open and it's always the same reaction. And I have them hooked.

From there, the conversation always moves into how much range it has, how long it takes to charge, etc. I always go to great effort to explain the many advantages of charging at home vs the slight disadvantage of charging when traveling (but I also try to be honest). I always show them the supercharger map on supercharge.info and they are shocked.

This particular conversation was particularly memorable because about 15 minutes in, and about the 10th question he asked was, "so let me ask you this then......you wouldn't happen to have $10 you could spare do you?" Turns out he was homeless. It was almost like he turned the tables on me. He saw how badly I wanted to tell him about the car, and used that to get a conversation going. I normally don't give homeless people money, but I gave him $10 because you never know what the future might hold and I didn't want him to have a bad feeling about Tesla.

When I told my wife about it, she said, "It doesn't surprise me. You'd try to sell Tesla to a tree if you thought it could buy one".
 
I guess we're back to discussing the CT in this thread again, so I'll share this here.

I had a dentist appt Monday. The receptionist saw my S and said, "My fiancee is buying one of those new Tesla trucks!". She went on to explain that he is in construction, bought an F150 last year with a 120V outlet, but he was surprised to learn it powers very little at the job site. So he wants a CT for the utility of it. Also said he thought it was ugly, but couldn't care less.

So I rode home shocked that someone randomly brought up and knew about the CT (and had an order) in SOUTH GEORGIA, without me asking or prodding. But, it gets even better. When I arrived home, my college age son had some of his old high school buddies over and they were playing basketball. As the kids all spoke to me, shook hands, etc, one of them, who just gotten accepted to medical school asked me if I had seen the CyberTruck - and his face lit up as he said, "That will be the very first vehicle I ever buy. I want one so bad. It looks so freaking cool."

Understand that I have "brain-washed" these kids about all things Tesla for many years now, so it isn't exactly random, but still, for a 21 year old med student (soon to be) to say he likes the way it looks speaks volumes about how the younger generation might feel about the CT. I'm sure the ratio of those who find its looks appealing is far higher among his age group (18-26 let's say). We just need all of them to get to the point where they can afford one.

I meant to add that I had one more SHOCKING revelation in both of these conversations. Near the end of both conversations, I asked, "what did you think about the new electric Mustang Ford revealed?". Neither even had a clue what it was, or even heard about it.

Absolutely ZERO buzz about a very nice looking Ford electric car with 300 miles of range - but the whole damn world is talking about Tesla's ugly truck - and ordering them!!

And Ford actually did paid advertisements for the Mustang reveal. We all know Tesla didn't advertise the CT reveal at all. It's simply amazing how Musk can be so "functionally" smart (genius) - and yet be a master marketer as well. People like that a truly special because very, VERY few have ever lived.
 
It really isn't the same. With 5 Powerwalls you get the gateway/ADC, 25kW, 35kW peak, worth of inverters, and the software to sync to the grid and charge/discharge as needed. The CT will likely only have a 5-10kW outlet that can only supply power, it can't be charged by it. And can't be hooked to the grid. could you jury-rig it to your house? Yes, but it wouldn't be up to code, and could cause damage. So it wouldn't be able to power near as much in a house as 5 Powerwalls. It is also possible that the 240v outlet will be more limited to maybe 2.5kW of output.

Until more detailed specs are available we really don't know...
Yeah, still, the KWH ARE THERE and available for use for the price of 5-7 Powerwalls.
 
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Reactions: SW2Fiddler
I always go to great effort to explain the many advantages of charging at home vs the slight disadvantage of charging when traveling (but I also try to be honest).

I've always found that being honest about the disadvantages resonates with people because it shows that I'm giving them the full story and not just blowing sunshine up their rear. It seems like it adds even more credibility to the positives.
 
the whole lawsuit drama is a waste of judicial resources. It’s scumbag lawyers seeking attention/fame. Absolutely None sense at its best!
Unsworth's reputation and character might matter to the finding of libel: if there's evidence that Unsworth actually provoked Elon with the express purpose to sell his story, that he attacked Elon to increase his own value in the "story" - there might be no libel.

Unsworth didn't actually cite a single piece of evidence of anyone taking the pedo tweets seriously - most people took it as an escalating verbal splat that started with Unsworth telling Elon to shove his submarine "where the sun doesn't shine". All the while Unsworth was attacking and denigrating the actual cave drivers in private chat messages with his friend and was fantasizing about how much money he'll be able to get for the story, after one of the cave divers died and while the kids were still in the cave.

Unsworth's reputation and character also very much matters to damages: even if they find libel, the jury will have to decide whether Unsworth's reputation suffered, and put a dollar amount to it. If Unsworth's reputation was bad to begin with, if there's evidence that he actually provoked Elon with the express purpose to sell his story and win a monetary settlement, then the jury could end up finding Elon technically guilty but awarding a very low "damages" sum to Unsworth.

Also, Unsworth's partner is on record saying that Unsworth found Elon's tweets "funny", in which case they'll find it harder to convince the jury that they were in "emotional distress".

Unsworth also claims emotional distress to family members in his lawsuit: in which case the evidence that he abandoned his wife and his daughter in the UK to live with his partner in Thailand, and that his daughter is refusing to talk to Unsworth for this reason, is very much relevant to determine the extent of how Unsworth's family "suffered".

A couple of pieces of character evidence were excluded from the trial by the judge in a pre-trial ruling yesterday: such as that when Unsworth was a financial advisor in the UK there were fraud allegations and a fraud finding against him by a UK regulator, or the evidence regarding whether Unsworth viewed child porn, or his partner's alleged online messages regarding "night work" will be excluded from the trial as well. On the other hand Elon's SEC settlement and other lawsuits will be excluded too.

So all these character questions of Unsworth are front and center in the trial - and that's true on Elon's side as well: his Buzzfeed email is going to be shown to the jurors, which won't be flattering.
 
It really isn't the same. With 5 Powerwalls you get the gateway/ADC, 25kW, 35kW peak, worth of inverters, and the software to sync to the grid and charge/discharge as needed. The CT will likely only have a 5-10kW outlet that can only supply power, it can't be charged by it. And can't be hooked to the grid. could you jury-rig it to your house? Yes, but it wouldn't be up to code, and could cause damage. So it wouldn't be able to power near as much in a house as 5 Powerwalls. It is also possible that the 240v outlet will be more limited to maybe 2.5kW of output.

Until more detailed specs are available we really don't know...
I agree that there's no substitute for actually having Powerwalls and effectively your own micro-grid "island" that can seamlessly charge from solar and power all major appliances.

One thing that excites me about the Cybertruck is the potential to use it to supplement our Powerwalls during winter outages. At the moment, our solar panels are buried under about a foot of snow, and we're likely to add one or two more feet of accumulation by Saturday. We've already had four brief outages in the last 24 hours, and much longer outages are possible. Living in the mountains with above-ground power infrastructure, this is nothing unusual. I think many rural and semi-rural residents will appreciate the energy security offered by a vehicle with a large battery that can be tapped for other uses. This feature alone will help drive many sales.
 
I've always found that being honest about the disadvantages resonates with people because it shows that I'm giving them the full story and not just blowing sunshine up their rear. It seems like it adds even more credibility to the positives.

Um, I might be a little dense but what are these disadvantages?