Elon still has dibs on the Mars presidency, no?Right; it's about an hour away now. Sleep well.
Unlike in the case of Howard Schultz leaving Starbucks possibly to run for US president, Elon Musk is a naturalized American citizen. Therefore Elon won't be announcing he is leaving his business enterprises to run for US president, since he is ineligible. So no worries about that.
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sweter
Member
GDPR doesn't prevent companies from sharing anonymized data. No personal data is compromised at all.
MartinAustin
Active Member
OMFG the bears are shedding their snake scales one more time... time for a new story, the old one didn't work.
After CNBC talked about Tesla and the two pundits basically conceded it was ridiculous that Elon would see his role split into two, this "right plonker" as we Brits would say shifted his tack and closed with this projection -
(Gordon Johnson from "The Vertical Group")
When you think about him promising profitability in Q3 and Q4, based on our analysis, we think the way he's going to achieve that (like he did before when he promised positive cashflow) is by unleashing a plethora of ZEV credits, which are one-time in nature, and are really going to start to hit a wall next year in 2019 as a lot of these manufacturers really start to produce. I also think that the federal tax credit going away is going to pull in some demand for them. The numbers may look good in Q3 and Q4 - possibly - but we think unleashing one-time earnings, and looking to 2019 when there's a lot of competition, we think it's going to be very hard for Elon to execute, so I think that there's big headwinds near-term.
So he's saying "yes, we've been wrong in the past about everything, Tesla are still around, bigger than ever, producing more cars than ever before, delivering to more countries, no shortage of demand, sales of other cars is falling, etc. etc. and we even think that they may make a profit during the next two quarters BUT WE STILL KNOW THEY WILL FAIL, YOU GOTTA BELIEVE US."
They still think that electric vehicles only compete with other electric vehicles. Do we really think that Jaguar's ICE sales, or sales of other mid-luxury ICE SUVs won't be affected at all by the iPace? And the Chevy Bolt isn't really selling that well, to be honest.
After CNBC talked about Tesla and the two pundits basically conceded it was ridiculous that Elon would see his role split into two, this "right plonker" as we Brits would say shifted his tack and closed with this projection -
(Gordon Johnson from "The Vertical Group")
When you think about him promising profitability in Q3 and Q4, based on our analysis, we think the way he's going to achieve that (like he did before when he promised positive cashflow) is by unleashing a plethora of ZEV credits, which are one-time in nature, and are really going to start to hit a wall next year in 2019 as a lot of these manufacturers really start to produce. I also think that the federal tax credit going away is going to pull in some demand for them. The numbers may look good in Q3 and Q4 - possibly - but we think unleashing one-time earnings, and looking to 2019 when there's a lot of competition, we think it's going to be very hard for Elon to execute, so I think that there's big headwinds near-term.
So he's saying "yes, we've been wrong in the past about everything, Tesla are still around, bigger than ever, producing more cars than ever before, delivering to more countries, no shortage of demand, sales of other cars is falling, etc. etc. and we even think that they may make a profit during the next two quarters BUT WE STILL KNOW THEY WILL FAIL, YOU GOTTA BELIEVE US."
They still think that electric vehicles only compete with other electric vehicles. Do we really think that Jaguar's ICE sales, or sales of other mid-luxury ICE SUVs won't be affected at all by the iPace? And the Chevy Bolt isn't really selling that well, to be honest.
Gordon Johnson of Vertical Group has a Sell rating on Tesla with a price target of $99. That should have been mentioned by CNBC. They allowed him to quickly veer from the subject about which he was questioned regarding tonight's Tesla election proposals related to its board, and instead let him focus on his Tesla bear thesis. If they were going to let him get away with that, they should also have similarly questioned a Tesla bull.
shrspeedblade
Rideshare Monkey
I had set my *$#@ buy limit $1 lower than it went today!
(Which means it's almost certainly going to shoot up now, cuz Mr Murphy loves me that way!
)
Esme Es Mejor
Member
These feckless bears are even worse with timelines than Elon Musk.
Edit: Can “feckless” be our new F-word?
Dennisj00
Member
You'd think with all the noise about fake news the last two years, they'd be more careful about their journalistic integrity.
Runarbt
Active Member
journalistic.. integftrdy.. ? nah.. cant say I recognize that word. ;-)
TrendTrader007
Active Member
$TSLA sorry shorts Elon just sealed your fate
5000 M3 per week by end of June 2018
Short squeeze tomorrow!!!
5000 M3 per week by end of June 2018
Short squeeze tomorrow!!!
JRP3
Hyperactive Member
Translation: Stock likely to crater
shrspeedblade
Rideshare Monkey
dmckinstry
Model X 2019
Nah. Too much good news. The SP is going to dive. Of course in a week or more I hope it starts back up.
RobStark
Well-Known Member
Nope, Elon favors direct cyber democracy for Mars.
ruralectric
Member
Dude, this is why you get flack from a few members. In this particular instance, it was only a few weeks ago that Elon was targeting 6000/wk burst rate in hopes of achieving sustained 5000/wk. There will be many who interpret today's comments as a downgrade. You are talking sugar.
Not a bad meeting, but short squeeze tomorrow? Not unless Elon announces the details of the China factory and it includes government funding on the same order as New York state funded Gig 2.
IMHO of course
larmor
Active Member
And reaffirmation of cash flow positive next quarter and Q4... Pretty good leading indicator just sayin...
I thought he was trying to decide between Emperor and God-Emperor, so he might not want to settle for being a mere president...
bdy0627
Active Member
I enjoyed it but I don't think there was anything mentioned that will catapult the stock. Lots of sizzle. M3 production continues to improve, positive future quarters coming soon, FSD in 6-12 months, exponential improvements coming soon to EAP, China factory coming soon, positive gross margins for TE coming soon, model Y reveal next March. It had all been mentioned before. There was interesting info on the model 3 3rd general assembly line they are installing now. That is what is giving Elon confidence in 5,000+ soon. I thought that was bordering on steak vs sizzle.
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