Tesla share price

bowlhead99

Gadfium said:

bowlhead99 said:

GazzaBloom said:

Tesla trading down -16%

Have you seen new EV/Hydrogen startup Nikola? They are up nearly 40% so far today after GM announce taking an 11% stake and will partner with them to build their Badger EV/Hydrogen truck?.

@AnotherJoe won't be happy about that, because he's been telling everyone until he's blue in the face that they are a scam and Theranos 2.0... There is no credible product and the company only needs to stay in business until 2023 for the execs to walk off with hundreds of millions of dollars in bonuses, apparently.

Perhaps GM's partnership will give them some legitimacy, or perhaps GM are as desperate as a premier league manager on transfer deadline day, so are just jumping into bed with whatever EV tech firm are happy to take their money.

webjaved said:
Is that the company that has invested £2bn in it?

Yes, press release here: https://investor.gm.com/news-releases/news-release-details/nikola-and-general-motors-form-strategic-partnership-nikola

As I understand it, its Nikola that's paying for this, not GM. Nikola are handing over $2Billion of stock...lets hope that GM can sell this ASAP, as Nikola really have nothing other than spin

Yes, 'take their money' is not quite true as it will substantially be a non-cash investment. It's 'take the value of whatever it is they are able to offer' - as the press release refers to contributions 'in-kind'.  GM are offering to engineer and build their truck, provide lots of experience of running a vehicle manufacturing business, give them a secure supply of batteries etc. 

Gadfium

bowlhead99 said:

Gadfium said:

bowlhead99 said:

GazzaBloom said:

Tesla trading down -16%

Have you seen new EV/Hydrogen startup Nikola? They are up nearly 40% so far today after GM announce taking an 11% stake and will partner with them to build their Badger EV/Hydrogen truck?.

@AnotherJoe won't be happy about that, because he's been telling everyone until he's blue in the face that they are a scam and Theranos 2.0... There is no credible product and the company only needs to stay in business until 2023 for the execs to walk off with hundreds of millions of dollars in bonuses, apparently.

Perhaps GM's partnership will give them some legitimacy, or perhaps GM are as desperate as a premier league manager on transfer deadline day, so are just jumping into bed with whatever EV tech firm are happy to take their money.

webjaved said:
Is that the company that has invested £2bn in it?

Yes, press release here: https://investor.gm.com/news-releases/news-release-details/nikola-and-general-motors-form-strategic-partnership-nikola

As I understand it, its Nikola that's paying for this, not GM. Nikola are handing over $2Billion of stock...lets hope that GM can sell this ASAP, as Nikola really have nothing other than spin

Yes, 'take their money' is not quite true as it will substantially be a non-cash investment. It's 'take the value of whatever it is they are able to offer' - as the press release refers to contributions 'in-kind'.  GM are offering to engineer and build their truck, provide lots of experience of running a vehicle manufacturing business, give them a secure supply of batteries etc. 

I can't see anything coming from it. Hydrogen is a dead end for personal transportation. Nikola were spinning that they had some new magic solution to the creation, transportation, inefficiency of hydrogen...now they are going to use GM technology.

Sailtheworld

Stargunner said:

Diplodicus said:

So, when keyboardrrier posted about buying the dip price was 407 and now it is 425.

Thanks for the masterclass. 

Did you sell them though, as they are now down to 330, so it wouldn’t have been much of a masterclass If you still hold them.

I think there might have been a confusion between a dip, a bull trap and a falling knife.

Not sure anyone can predict ahead of time which one it'll be but I fancy using these terms will help in my quest for a talking head spot on Bloomberg TV.

GazzaBloom

Username999 said:

Short seller Hindenburg alleges that electric truck maker Nikola is an 'intricate fraud'...

https://www.marketwatch.com/story/short-seller-hindenburg-alleges-that-electric-truck-maker-nikola-is-an-intricate-fraud-in-new-report-2020-09-10

Just reading that now. Thee are strange days on the US tech stock market!

Here are Hindenburg Research's accusations in full, note that they are a Nikola short seller and the story was released before Thursday trading and the stock fell 11%
https://hindenburgresearch.com/nikola/

GazzaBloom

Nikola down another nearly 14% today so far, all those GM partnership announcement gains have gone and more. GM's stake is worth a helluva lot less now. Trevor Milton is a charlatan.

AnotherJoe

bowlhead99 said:

BGazzaBloom said:

Tesla trading down -16%

Have you seen new EV/Hydrogen startup Nikola? They are up nearly 40% so far today after GM announce taking an 11% stake and will partner with them to build their Badger EV/Hydrogen truck?.

@AnotherJoe won't be happy about that, because he's been telling everyone until he's blue in the face that they are a scam and Theranos 2.0... There is no credible product and the company only needs to stay in business until 2023 for the execs to walk off with hundreds of millions of dollars in bonuses, apparently.

Perhaps GM's partnership will give them some legitimacy, or perhaps GM are as desperate as a premier league manager on transfer deadline day, so are just jumping into bed with whatever EV tech firm are happy to take their money.

webjaved said:
Is that the company that has invested £2bn in it?

Yes, press release here: https://investor.gm.com/news-releases/news-release-details/nikola-and-general-motors-form-strategic-partnership-nikola

Only just come back to this thread. GM didn't "take" a 2Bn stake they were given it by Nikola (plus an additional up to $700m in cash which is nearly all of it) as an inducement to manufacture Nicola's back of a napkin drawing of fantasy combined BEV and FCEV truck. GM's desperation is almost certainly the reasoning behind it. 

And of course, as no doubt noted later in this thread, the pack of lies spouted by Nikola has started to unravel after the reveal from the very aptly named short seller Hindenburg.

Nikola Stock Price is now back to where it was just before the GM announcement i wouldn't  be surprised if GM bail shortly, and anyone currently investing in Nikola except on the greater fool theory is, errrrm,  a greater fool.

solidpro

People who don't own a Tesla think BEVs are BEVs. Like owning a BMW is like owning a Mercedes.

There are other cars in 2020 with battery capacity and stated range at 62 miles an hour.

There are no other cars in 2020 with the battery capacity and second by second intelligence to make that range work it's best for every second. There are no other cars with a (developed) worldwide supercharging network which for many owners is free to use. No other BEV has software that tells me when I get in where I should stop for a break in 200 miles to make it to my destination and back again, without me having to plan a journey - and my car is 5 years old. No other car quites shares it's data between all other of it's own cars on every road teaching every other Tesla how to better drive it next time. It's application updates which happen whilst I am asleep that add real-world improvements I notice when I drive. The reason Tesla is successful is not because it's made a car, it's made a solution which is 25% the car.

So many investors are impressed when Nikola say they have a battery in a car with a range and talk about GM but it means nothing. It's about 15% of the solution.

I'm not a Tesla fanboy but I am an owner and understand the product I've bought, having owned Nissans, VWs, BMWs and so on over the last 20 years and why it's value is beyond compare to anyone else in the marketplace.

bowlhead99

Username999 said:

PS. I had an EV for 12 months back in the late 1980's !

Sinclair C5, golf cart or milkman's van?

Gadfium

Username999 said:How's the build quality and paintwork on your car?
I know Tesla are making improvements in those areas. I think with the help of Sandy Munro.

Unless I'm mistaken, I don't think that Munro & Assocs are working with Tesla. I think that he would like to though. He recently made a video where he categorically denied working with Tesla. However, he's moved from a sceptic (after tearing down an early Model 3) to being convinced that Tesla are on the right track. The Model Y was full of massive improvements as well as technology that just doesn't exist in other cars (for example, the plastic headliner frame) which make the car easier and cheaper to assemble.

The Giga Berlin plant will make a massive difference to the paint finish on the cars now that Tesla are partnering with Geico Taikisha.

The paint and finish is a bit of a contentious bone, though no other car maker gets the scrutiny that Tesla does in this area. Certainly Bob Lutz was impressed wit what he saw... https://www.roadandtrack.com/new-cars/a28008116/tesla-model-3-build-quality-bob-lutz/

Personally I think that its a small price to pay for having a vehicle that doesn't spew fossil-fuel by-products into the air. My M3 comes in early November....can't wait to get it!

AnotherJoe

solidpro said:

People who don't own a Tesla think BEVs are BEVs. Like owning a BMW is like owning a Mercedes.

There are other cars in 2020 with battery capacity and stated range at 62 miles an hour.

There are no other cars in 2020 with the battery capacity and second by second intelligence to make that range work it's best for every second. There are no other cars with a (developed) worldwide supercharging network which for many owners is free to use. No other BEV has software that tells me when I get in where I should stop for a break in 200 miles to make it to my destination and back again, without me having to plan a journey - and my car is 5 years old. No other car quites shares it's data between all other of it's own cars on every road teaching every other Tesla how to better drive it next time. It's application updates which happen whilst I am asleep that add real-world improvements I notice when I drive. The reason Tesla is successful is not because it's made a car, it's made a solution which is 25% the car.

So many investors are impressed when Nikola say they have a battery in a car with a range and talk about GM but it means nothing. It's about 15% of the solution.

I'm not a Tesla fanboy but I am an owner and understand the product I've bought, having owned Nissans, VWs, BMWs and so on over the last 20 years and why it's value is beyond compare to anyone else in the marketplace.

I'd say "nearly"  I dont own a Tesla but i do own an EV and i realise very well the advantages Tesla have especially taking the SC network into account.

Maybe people who dont own an EV think a Tesla is just another EV ?

Unfortunately for me but not my wallet, the Model Y wasn't available in the UK when i was buying (still not available?) and the S and X are too big / more than i want to spend.

Depending how inconvenient i find my rare long distance (>300 miles each way) trips are over the next year or two i may end up getting a Y. Or it might just be easier and cheaper to rent one for the week when i need it. Or an S.