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Originally Posted by GutsyGibbon We often overlook the role of government in such revolutionary tech breakthroughs. Just look at all the taxpayer help and govt. subsidies that Tesla has received.
I could say the same about many other tech jewels. What is Uber without a publicly funded GPS system. What is Google without a publicly funded Internet, etc. I am from a different school of thought that believes that the Govt. has a huge role in the "free market". |
Once again, agree with what you say. However, my optimism is due to my belief that we are now officially past the stage where the EV market needs Governmental help. With input prices continuing to fall and competition ramping up, it is only a matter of time before we get a Honda Civic EV at the same price as a Honda Civic Petrol by which time the 80% lower running cost will win the day. Thanks to their diesel scandal, VW is installing EV chargers across America and Canada. Tesla already has a robust supercharger network. Whether Trump does this or that, companies will now take the lead. Besides, the rest of the world - China, India, Europe for example - are all pushing EVs. No auto company will want to produce EVs for one market and petrol for another, so the changeover will happen.
It is similar to the cellphone situation. Once we got to a certain price in India, the need for non-market intervention went away.
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Originally Posted by maddy42 Great job Tesla. Now maintain this trend for the next couple of quarters please and stop burning money. Am a fan and shareholder but have some queries.
Reason i say this: There is close to a billion of Debt due in the next one year tied to their share price of 360.
Current Plant is running at capacity - Where is the money for the plant for Model Y and Tesla Semi going to come from?
Tesla bought solarcity, which included a factory in NYC. The plant was supposed to be producing panels of either Tesla or Silevo or Solarcity by 2018 as promised, but is pushed to 2019 Q2. They took their debt on the books too(Crony cousins?)
Has the orders for Tesla Powerwall been fulfilled yet? Think its been close to two years since they took reservations.
Coming to Big corporations and corruption. Do you know the sunny state of Arizona has literally killed Rooftop solar? AZ gets 300 days of Sun. Same with Nevada power which is owned by a Guy named WB who claims to save the world. Tesla has many more fights to fight still. Its not going to be easy and there will be a lot more articles writing them off.
Maddy |
Tesla cash position improved in Q3 and they should be able to afford to pay off their upcoming debt payments without any hassle. Share price is nearing 360 in a relatively bear market. As long as they continue to sell as many Model 3s for the next 4-6 quarters, they will be okay.
As an investor, I would want them to continuously re-invest their profit in new products and expansion, which is what they seem to be doing anyway.
As of now, Tesla occupy only 30% of the space at their Gigafactory 1 in Nevada. They are already making drivetrains for M3 at that location, so making MY drivetrains there is not going to pose any issue at all. The rest of the production would need a plant to be added there. Seems like Tesla is being a bit less crazy and taking their time with the Y. From all the news, it appears to be ready for production or at least for reveal, but they are waiting till March 2019 to show it off. By then, they will hopefully have another two profitable quarters - therefore 3 in a row - and they will be in a financial situation to enlarge their Gigafactory location.
The big news actually is that none of the competitors will be able to deliver cars in volume before 2020. The only ones who could are Audi (E-tron) and Jaguar (i-Pace) which Tesla already competes with to a great extent. Thus, there is no rush to beat the competition. The point being, Tesla has relatively mature tech, so for them to launch a car will be easier. I expect March orders to begin, along with factory expansion funded, in part, by these orders and improved cash flow.
SolarCity seemed to be struggling with designing the roof tiles that look lik a normal roof and are promising a ramp up in Q1 2019. Powerwall deliveries are on going, there are tons of YouTubers who have theirs, so they may be delayed, but they're definitely being delivered.
Finally, as far as AZ and NV blocking solar - politicians come and go. Economics will win the day. Solar panel prices are falling. EV prices are falling. Eventually, Mr. Joe Public will realise that he can run his car and house for the cost of a monthly payment plan on a solar setup.