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Split Thread Musk, SpaceX and future of Tesla

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To be precise, it's the equilibrium between the number of shares being sold and the number of shares being bought. A single seller selling a large number of shares makes a bigger difference than any number of buyers buying a smaller number of shares collectively. Apparently Tesla's share price will end the year down 69.2% from where it started the year. It's not only Tesla. Ford is down 46.6% on the year and GM is down 45%. It's a tough year for the auto industry, but I think Tesla's share price probably fared the worst among major automakers.
 
The Don said:
Yes, with current battery technology and significant advances in range will be down to more efficient vehicles and/or on car solar. IMO this can only deliver modest, incremental increases in range.
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There are new battery technologies in the offing, with significantly better energy densities. The EU 'Battery 2030' programme for example.
 
jimbob said:
https://www.reuters.com/business/au...arterly-deliveries-miss-estimates-2023-01-02/

Allegedly Musk sent this email.



Just wow.

Entirely in line with his Twitter approach.
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There's a hint of some interesting information in that report:

The automaker also hinted at a "generation 3" platform to show its investors on Investor Day. Musk said in October that Tesla was working on a "next-generation vehicle" which will be cheaper and smaller than the Model 3 and Model Y cars.
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This will be the key if Tesla is going to be a major volume vehicle producer and not just a niche producer (like, say, BMW).
 
The Don said:
There's a hint of some interesting information in that report:



This will be the key if Tesla is going to be a major volume vehicle producer and not just a niche producer (like, say, BMW).
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And if we know one thing about Musk - when he demonstrates his technology it might as well be money in the bank....
 
More brand damage

https://www.reuters.com/markets/com...ln-exaggerating-driving-range-evs-2023-01-03/

SEOUL, Jan 3 (Reuters) - South Korea's antitrust regulator said it would impose a 2.85 billion won ($2.2 million) fine on Tesla Inc (TSLA.O) for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures.

The Korea Fair Trade Commission (KFTC) said that Tesla had exaggerated the "driving ranges of its cars on a single charge, their fuel cost-effectiveness compared to gasoline vehicles as well as the performance of its Superchargers" on its official local website since August 2019 until recently.
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It's official. Elon Musk has had the biggest personal loss of wealth in history

https://www.bbc.co.uk/news/business-64236726

This is, of course, just a paper loss although, it may cause him problems with loans secured using Tesla shares as collateral.

Musk has said that the fundamentals at Tesla are still good, but even if he weren't lying, the shares are still overpriced.
 
Thind is over the past couple of years Tesla has lost it almost total domination of the Electric Car market; the market is now pretty competive.
IMHO Musk is not handling this very well.
 
dudalb said:
Thind is over the past couple of years Tesla has lost it almost total domination of the Electric Car market; the market is now pretty competive.
IMHO Musk is not handling this very well.
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To be fair, Tesla seems to be preparing for the changes. They are moving into things like battery manufacturing so even if they are no longer selling more EVs they might make more by keeping a higher percentage of the selling price and by selling parts to the other manufacturers.
 
Hercules Rockefeller said:
Yup. They just collapsed their entire used car market in Denmark. I'd be so pissed if i had bought a Model 3/Y within the last year.
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I suppose some might be. We ordered our Model 3 LR in Jan 2022 and took delivery in early Feb. The price got hiked soon after - more than once, I think. With this new reduction, the price would now be a bit below what we paid and certainly our resale value took a hit. But I’m not “pissed” - it is what it is and I’m pleased that Tesla’s may now be more affordable for more folks.

With the average new car price in the U.S. at about $48k, it’s hard to continue to position Tesla’s as a rich man’s toy. Though a fun toy it certainly is!
 
Hercules Rockefeller said:
Yup. They just collapsed their entire used car market in Denmark. I'd be so pissed if i had bought a Model 3/Y within the last year.
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During the Pandemic, people who were lucky enough to buy a new Tesla, could flip them for a good profit. The lead times were long, and people really wanted the cars.

Now the used car companies are in a bind. They can't resell Teslas for profit due to the price cuts, and new Tesla lead times are down again.
 
It seems it is just part of Musk's standard approach to marketing. Like at his last robot announcement when they did crafty edits to make it look like one of his robots could deliver a box to an office and place it on a desk.
 
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