Tesla share price

Another_Saver

Username999 said:

Tesla to Raise $5 Billion.

https://www.youtube.com/watch?v=zjORGu9Xc9M

About damn time. I was waiting for this, which co in their right mind doesn't leverage a ridiculous valuation!?!

YellowStarling

Michael Burry (of May 2005-April 2007 subprime mortgage short fame) has allegedly opened a short position against Tesla in recent days.

Thrugelmir

Gadfium said:

pip895 said:

There is no doubt that ICE cars are on the way out  - I have had an EV for over seven years so don't need persuading on just how good they are, but I'm not that convinced by all the hype on Tesla - It would help if there weren't so many Tesla drivers reporting niggles on the EV forums - cars having to go back to the garage for fixes multiple times for multiple different issues.  My UK built Nissan Leaf and its two predecessors have never had a single dealer/garage visit apart from annual servicing.  It would take more than a few gadgets to make up for even a single un planned visit to the dealers for me, which is why we stuck with Nissan this time round.   

Expecting 100% quality is a fool's errand though. Mind you, there's very little maintenance required on Tesla EVs, so your planned maintenance visits on your Leaf would not be required.

Premium car buyers don't expect "niggles" in terms of build quality.  Tech aside Tesla has to compete with the quality established brands. Seems as if Tesla is already facing major competition for sales in the green European Car markets.  Requires a big push to achieve that 500k sales figure this year. 

Shocking_Blue

Just wondered if there was any other way into this EV revolution, other than TESLA.
Thanks.
Was going to stick this in a separate thread, but as it's sort of related, future energies-wise, nuclear has been off the radar for a while. But, I think the future energy demands will make the switch to nuclear something to consider. Investment-wise, not sure which way to go on this (guess at punt-level). Have even though seen recent discussions of nuclear in the use of vehicle, although that's some time off.  Sure loads will disagree. Ignore if not relevant to the thread.

Thrugelmir

Shocking_Blue said:

Just wondered if there was any other way into this EV revolution, other than TESLA.
Thanks.

Car manufacturers aren't normally top of peoples share buying lists. 

The Wuling Hongguang Mini EV is now China's top selling model. A car for the people. 

Gadfium

Thrugelmir said:

Premium car buyers don't expect "niggles" in terms of build quality.  Tech aside Tesla has to compete with the quality established brands. Seems as if Tesla is already facing major competition for sales in the green European Car markets.  Requires a big push to achieve that 500k sales figure this year. 

They are selling everything that they make, so they are competing. And premium car buyers may not expect niggles, but in my experience they sure get them. A peer of mine picked up a Jag F-Pace and had to be recovered off the motorway twice in a month (one recovery required a police rolling roadblock as it had cut out in the chevrons where two motorways merge). Another colleague had 2 x ECUs (£2500 a pop) replaced in the first year on a Merc C-Class. My old C-Class went back to the dealers three times in the first 6 months due to sensor failures.

I agree with the big push piece. So far, 9 boatloads have been sent to Europe this quarter, including a couple from Shanghai. Somewhere between 5000 and 7500 cars per boat, though the estimates for European M3 sales that I have seen are in the region of 84K for this year.

Sales have almost doubled in China in November compared to October (over 21K vs 11K), so the big push is on and being met.

Next year will be massive- Giga Berlin coming online and possibly Giga Texas. 500K will be blown out of the water in 2021.

kinger101

Gadfium said:

Thrugelmir said:

Gadfium said:

Thrugelmir said:

Exporting cars from Shanghai to Europe, suggests that Tesla isn't making the expected inroads into the local Chinese market in terms of sales volume. Likewise has concerns over VW.  A long established reputable European brand.  Germans do tend to buy German. 

regarding VW, I think that they might just survive through the massive disruption that is starting in their industry. They've committed to BEVs which and they are investing heavily in Elctrify America. Mercedes and in particular BMW and Audi's futures look a lot bleaker.

Audi is part of the VW group. 

The "A" in VAG is Audi.

There's a joke in there somewhere about Audi drivers, but it isn't fit to print on this forum.  So I'll leave you to think of your own punchlines.

AnotherJoe

Shocking_Blue said:

Just wondered if there was any other way into this EV revolution, other than TESLA.
Thanks.
Was going to stick this in a separate thread, but as it's sort of related, future energies-wise, nuclear has been off the radar for a while. But, I think the future energy demands will make the switch to nuclear something to consider. Investment-wise, not sure which way to go on this (guess at punt-level). Have even though seen recent discussions of nuclear in the use of vehicle, although that's some time off.  Sure loads will disagree. Ignore if not relevant to the thread.

Nio but possibly you missed the boat. I did. I got in at 17 out at 21 (or so) and a few weeks later its hit mid 50's and is now maybe mid 40's but possibly on the way back up? People i trust say 45 is a fair price but thats not to say it couldn't get pulled up well beyond that by Tesla.

I would say look at renewable energy instead. I'm in INRG, Orsted and TRIG. We are heading irrevocably into electrification of almost everything. And then there are battery suppliers which are needed to complement Solar and Wind. A lot of different ones some just a part of bigger conglomerates so hard to make a clean investment that doenst include other stuff. Panasonic and LG Chem for example.  For a real punt Quantumscape but that sounds too good to be true. But maybe I'm passing a massive opportunity like when i didnt buy Amazon 15 years ago. Maybe I'll buy a little tomorrow if HL will let me.

Username999

Another_Saver said:

About damn time. I was waiting for this, which co in their right mind doesn't leverage a ridiculous valuation!?!

Tesla raised $2B in February and another $5B in September.
If they raise another $5B they will have around $19.5B in cash.
Elon Musk has said "we're spending as fast as we can".
I would not be surprised if Tesla merged with one of the European or Japanese car makers in the next year or two.

AnotherJoe

Username999 said:

Another_Saver said:

About damn time. I was waiting for this, which co in their right mind doesn't leverage a ridiculous valuation!?!

Tesla raised $2B in February and another $5B in September.
If they raise another $5B they will have around $19.5B in cash.
Elon Musk has said "we're spending as fast as we can".
I would not be surprised if Tesla merged with one of the European or Japanese car makers in the next year or two.

I would be shocked, horrified, and selling up.

What on earth would one of those bring to the party?