The pool was setup over a month ago. The timing of the announcement now amounts to a stock pump given the incredibly weak Q1 delivery numbers.
It's all speculation at this point how much money these credits will net them, and it's not like they're going to be the only player. Many Chinese companies are going to be selling BEVs starting next year. $1 - $500M, over the course of 3 years, with very little credits needed to be bought this year. At most, FCA may have given Tesla some money immediately as a call, in the tens of millions, but if something like this has happened, where is the 8K that should be filed to show this?
At most it may have helped payroll for a week, but does nothing to alleviate Tesla's immediate, existential threats.
So far, no indication of how he benefitted from the embezzling. He didn't steal money from accounts and run. His behavior has been as if he didn't think he was hurting Tesla. His accounts were removed today but his social media posts showed he was a big drinker of the Tesla kool aid.
There's a good chance this scheme went higher than him.
Yes, I always get my news from "CrazyDaysAndNights.net". It's almost as good as "www.geocities.comm.cz:8081/~globalpatriot/TeslaTruthNews"
Funny thing is, this person was the first to call out that Weinstein was finally going to get busted for being a serial rapist and that Solena Gomez has a substance abuse issue. The guy has true cred. Especially compared to you. The cock gobbling you did to cover for Elon's 420 tweets and the Saudis coming to his rescue are still worth reading over for a chuckle. Have you ever been right about anything?
The feds finally told Musk to stop selling snake oil. Let's see how well the people who got scammed by FSD will do getting their refunds as unsecured creditors during bankruptcy. They'll have to get in line with the others who never will have gotten their Model 3 refunds. And even those poor sods who paid for their car in full and have yet to receive it.
So many different interests will feel screwed when Tesla implodes. I fear the biggest fallout will be the damage done to the true environmentally sustainable movements in this country. Solyndra was a drop in the bucket compared what's coming.
What people forget is that before the '420 tweet' investigation was announced, there was already an open investigation into Musk's Model 3 production promises. And don't forget the DoJ has an open investigation. If the issues with the feds were settled then why the rant and why now hire a law firm that specializes in defending its clients from fraud?
https://www.bloomberg.com/news...
One or the other is going to happen and I believe it's going to be the former. Securities fraud charges are coming to Musk and he's going to "take a leave of absence" even though the press release makes it seem like the board is behind him. Musk wanted to keep this "going private" charade alive but the board finally grew a pair and made him it shut it down.
I'm sure the persuasiveness of Cathy Wood of ARK on CNBC today convinced Musk and the board that Tesla is worth $4K a share and should stay public. Even to a six year old it's plain Musk is a conman and fraud.
The smart ones who owned TSLA got out at $380. Musk pulled the entire "go private" thing out of his ass and opened the company to potentially billions in liability. All for a short uptick in share price. This will go down in history as the most self-destructive tweet ever. Tesla was already a ticking time bomb but Musk's obsession with short sellers, his narcissism, and a healthy mix of drugs, resulted in the equivalent of him pulling the wrong wire, causing the clock to reset downward to 10 seconds.
Musk's disciples should have seen the event as a sacrifice by their Jesus so they could have gotten out at a price close to an all time high, yet I bet some are going to ride it all the way down to zero.
"Lol I waited around all weekend while grimes coddled her boyfriend for being too stupid to know not to go on twitter while on acid"
https://www.rhymeswithsnitch.c...
Obviously negotiations are starting, no deal is finalized. $420 a share is the opening offer by the seller. It's capped. And Musk hurt his offer by potentially adding billions in liability costs to it. If you think shares are worth more than $420 you're saying PT Barnum doesn't value his own company enough. That's crazy. If I was a stock holder I'd dump it given how limited the upside is and how terrible the company's finances are.
If you think this is the beginning of negotiations then Elon lied as well as put his offer on the table. 420 a share. You had 380 when you knew he was bluffing. Why are you holding with such limited upside? You really think there is more upside than Musk himself thinks?
What's ironic about Musk's reckless tweet is that any buyout will now have to also include money to pay for potential lawsuit damages. Longs bought shares on Tuesday's announcement to see their gains disappear as doubts of Musk's truthfulness surfaced. Longs who were holding OTM calls at 420+ saw the value of their contracts drop as Musk effectively capped upside. Tesla is now liable for damages to both shorts and longs! Amazing, but as both sides can agree on, Tesla is a special case!
https://www.reuters.com/articl...
The Reuters article seems to be backed up better, but I don't put it past the Saudis to agree to talks to help them preserve the value of their recent open market stock purchase so they can to proceed to liquidate.
Rei "forgot" to mention not only was SoftBank not interested last year in Tesla because they wanted Musk out, but they also said $300 a share was too expensive. From SoftBank, some of the dumbest money around. And this was when Tesla'a finances weren't nearly as precarious as they are today.
Speaking of Tesla's finances, GreyBar just slapped a mechanics lien against Tesla, adding to the growing pile. They are a Fortune 500 electrical services company. First large vendor not getting paid.
And lest you think high level talks always portend of something coming to fruition, remember Lehman? https://www.reuters.com/articl...
They are just using the Amazon model of spending on new products and services, investing their capital into growth vs returns.
*sigh* This lie gets repeated so much, even now. I don't feel like wasting key presses again so take a look at the link. A picture is indeed worth a thousand words. If you don't understand then please take a course on basic accounting principles.
https://pbs.twimg.com/media/Dh...
I don't know.. being an oil guy commenting negatively on Tesla seems kind of like a nutritionist commenting negatively on McDonalds. If he holds TSLA stock, or is shorting it, or whatever... sure, making comments without disclosing the position is certainly ethically sketchy and may well be an SEC violation. If so, have at him. But if he doesn't have TSLA positions, I'm not sure there's a real issue.
Montana Skeptic always states he's short Tesla in his analyses.
People calling Montana Skeptic a troll don't know the definition of a troll. Educate yourself. Skeptic's analysis has been far more objective and fact-filled than anything the bulls have had to offer. One should question why all some can do is label him a troll instead of arguing his points.
History has shown that the conman of the business world have attempted to scapegoat short sellers for the destruction caused by their frauds. See Enron.
Now that they're out of Q2 he doesn't have to keep the production numbers down to retain the tax incentive anymore.
I believe you're referring to the 200K FIT credit expiration. That applies to total US deliveries per manufacturer and has nothing to do with production. On that topic, some predict it was already exceeded before Q3(though only Tesla knows for sure at this point) https://insideevs.com/why-we-b...
Read what Elon actually said. 5000 Model 3s were 'factory gated', not produced. That means, according to Elon himself, a chunk of that number were already built at the beginning of the last week of June. Knowing this week was coming up, that chunk could be a significant portion. They are counted in the final tally even though in the last week Tesla may have done as little as move them from one lot to another. So Tesla didn't even pull off a true 5K burst week.
This is why sustained production numbers are the only accurate ones. Those numbers are what Moody's pays attention to.
Tesla said it made 5000 Model 3s in a week? Really?
Elon's exact quote to his media side kick Fred Lambert:
“Not only did we factory gate 5000 Model 3’s, but we also achieved the S & X production target for a combined 7000 vehicle week!” https://electrek.co/2018/07/01...
Notice the difference in terminology between what is said of the 3 vs. S & X. "Factory gate" means the cars are made ready for delivery. Though, given that some pics taken of cars in that state show even that may even be a stretch(on top of Tesla's historic reliability issues with the Model 3 after the customer takes delivery). So what Elon is saying is that there were already Model 3s produced and waiting in a lot at the start of the last week of June. Those cars are included in the 5000 unit tally even though they were already produced and may have just needed to be moved from one lot to another. That's why sustained rates are the only true measure.
But really, given Elon's past antics is this a surprise? These word games Elon plays with numbers are so tiresome. The only people who still fall for it must have been told a dozen times by their parents that the Easter Bunny doesn't exist before they started to believe it.
As far as I understand, SC was more of a distributed solar power company that dealt with all aspects of installation, maintenance, financing, etc.
Tesla's residential energy division is transitioning more towards having solar and battery products being something the consumer or the house builder buys directly as product.
Then why did Tesla buy out Solar City in the first place and take on all that dead weight? There's no logical reason other than because Musk needed to bail out himself and other insiders. As well as not take a hit to his reputation that a company with his stamp on it going under would do.
Tesla's REAL IP has never been about the car, but how to get their manufacturing costs way down. "
Haha! Oh, wait, you're serious? Let me laugh even harder.
Tesla has more employees per car produced then every other manufacturer, even when taking into consideration they own their own service centers and don't depend on a dealer network. Musk wasted billions thinking he was smarter than everyone else by trying to over automate final assembly. Almost a year after the Model 3 went into production, billions have been wasted and the total number of cars built is barely over 30K. Tesla is a farce when it comes to efficient manufacturing.
Slashdot Mirror
The pool was setup over a month ago. The timing of the announcement now amounts to a stock pump given the incredibly weak Q1 delivery numbers. It's all speculation at this point how much money these credits will net them, and it's not like they're going to be the only player. Many Chinese companies are going to be selling BEVs starting next year. $1 - $500M, over the course of 3 years, with very little credits needed to be bought this year. At most, FCA may have given Tesla some money immediately as a call, in the tens of millions, but if something like this has happened, where is the 8K that should be filed to show this? At most it may have helped payroll for a week, but does nothing to alleviate Tesla's immediate, existential threats.
Now Chinese cars can drive you into barriers and the back of fire trucks. At least this one found the hole: https://www.zerohedge.com/news...
So far, no indication of how he benefitted from the embezzling. He didn't steal money from accounts and run. His behavior has been as if he didn't think he was hurting Tesla. His accounts were removed today but his social media posts showed he was a big drinker of the Tesla kool aid. There's a good chance this scheme went higher than him.
Yes, I always get my news from "CrazyDaysAndNights.net". It's almost as good as "www.geocities.comm.cz:8081/~globalpatriot/TeslaTruthNews"
Funny thing is, this person was the first to call out that Weinstein was finally going to get busted for being a serial rapist and that Solena Gomez has a substance abuse issue. The guy has true cred. Especially compared to you. The cock gobbling you did to cover for Elon's 420 tweets and the Saudis coming to his rescue are still worth reading over for a chuckle. Have you ever been right about anything?
The feds finally told Musk to stop selling snake oil. Let's see how well the people who got scammed by FSD will do getting their refunds as unsecured creditors during bankruptcy. They'll have to get in line with the others who never will have gotten their Model 3 refunds. And even those poor sods who paid for their car in full and have yet to receive it.
So many different interests will feel screwed when Tesla implodes. I fear the biggest fallout will be the damage done to the true environmentally sustainable movements in this country. Solyndra was a drop in the bucket compared what's coming.
What people forget is that before the '420 tweet' investigation was announced, there was already an open investigation into Musk's Model 3 production promises. And don't forget the DoJ has an open investigation. If the issues with the feds were settled then why the rant and why now hire a law firm that specializes in defending its clients from fraud? https://www.bloomberg.com/news...
Apparently his August 7th tweet needed rework - just like his cars! Like a Starbucks bathroom, it's just better that Tesla stays public.
One or the other is going to happen and I believe it's going to be the former. Securities fraud charges are coming to Musk and he's going to "take a leave of absence" even though the press release makes it seem like the board is behind him. Musk wanted to keep this "going private" charade alive but the board finally grew a pair and made him it shut it down.
I'm sure the persuasiveness of Cathy Wood of ARK on CNBC today convinced Musk and the board that Tesla is worth $4K a share and should stay public. Even to a six year old it's plain Musk is a conman and fraud.
https://www.reuters.com/articl...
The smart ones who owned TSLA got out at $380. Musk pulled the entire "go private" thing out of his ass and opened the company to potentially billions in liability. All for a short uptick in share price. This will go down in history as the most self-destructive tweet ever. Tesla was already a ticking time bomb but Musk's obsession with short sellers, his narcissism, and a healthy mix of drugs, resulted in the equivalent of him pulling the wrong wire, causing the clock to reset downward to 10 seconds.
Musk's disciples should have seen the event as a sacrifice by their Jesus so they could have gotten out at a price close to an all time high, yet I bet some are going to ride it all the way down to zero.
"Lol I waited around all weekend while grimes coddled her boyfriend for being too stupid to know not to go on twitter while on acid" https://www.rhymeswithsnitch.c...
Obviously negotiations are starting, no deal is finalized. $420 a share is the opening offer by the seller. It's capped. And Musk hurt his offer by potentially adding billions in liability costs to it. If you think shares are worth more than $420 you're saying PT Barnum doesn't value his own company enough. That's crazy. If I was a stock holder I'd dump it given how limited the upside is and how terrible the company's finances are.
If you think this is the beginning of negotiations then Elon lied as well as put his offer on the table. 420 a share. You had 380 when you knew he was bluffing. Why are you holding with such limited upside? You really think there is more upside than Musk himself thinks?
What's ironic about Musk's reckless tweet is that any buyout will now have to also include money to pay for potential lawsuit damages. Longs bought shares on Tuesday's announcement to see their gains disappear as doubts of Musk's truthfulness surfaced. Longs who were holding OTM calls at 420+ saw the value of their contracts drop as Musk effectively capped upside. Tesla is now liable for damages to both shorts and longs! Amazing, but as both sides can agree on, Tesla is a special case!
https://www.reuters.com/articl... The Reuters article seems to be backed up better, but I don't put it past the Saudis to agree to talks to help them preserve the value of their recent open market stock purchase so they can to proceed to liquidate. Rei "forgot" to mention not only was SoftBank not interested last year in Tesla because they wanted Musk out, but they also said $300 a share was too expensive. From SoftBank, some of the dumbest money around. And this was when Tesla'a finances weren't nearly as precarious as they are today. Speaking of Tesla's finances, GreyBar just slapped a mechanics lien against Tesla, adding to the growing pile. They are a Fortune 500 electrical services company. First large vendor not getting paid. And lest you think high level talks always portend of something coming to fruition, remember Lehman? https://www.reuters.com/articl...
They are just using the Amazon model of spending on new products and services, investing their capital into growth vs returns.
*sigh* This lie gets repeated so much, even now. I don't feel like wasting key presses again so take a look at the link. A picture is indeed worth a thousand words. If you don't understand then please take a course on basic accounting principles. https://pbs.twimg.com/media/Dh...
I don't know.. being an oil guy commenting negatively on Tesla seems kind of like a nutritionist commenting negatively on McDonalds. If he holds TSLA stock, or is shorting it, or whatever... sure, making comments without disclosing the position is certainly ethically sketchy and may well be an SEC violation. If so, have at him. But if he doesn't have TSLA positions, I'm not sure there's a real issue.
Montana Skeptic always states he's short Tesla in his analyses.
People calling Montana Skeptic a troll don't know the definition of a troll. Educate yourself. Skeptic's analysis has been far more objective and fact-filled than anything the bulls have had to offer. One should question why all some can do is label him a troll instead of arguing his points.
History has shown that the conman of the business world have attempted to scapegoat short sellers for the destruction caused by their frauds. See Enron.
Now that they're out of Q2 he doesn't have to keep the production numbers down to retain the tax incentive anymore.
I believe you're referring to the 200K FIT credit expiration. That applies to total US deliveries per manufacturer and has nothing to do with production. On that topic, some predict it was already exceeded before Q3(though only Tesla knows for sure at this point) https://insideevs.com/why-we-b...
Read what Elon actually said. 5000 Model 3s were 'factory gated', not produced. That means, according to Elon himself, a chunk of that number were already built at the beginning of the last week of June. Knowing this week was coming up, that chunk could be a significant portion. They are counted in the final tally even though in the last week Tesla may have done as little as move them from one lot to another. So Tesla didn't even pull off a true 5K burst week. This is why sustained production numbers are the only accurate ones. Those numbers are what Moody's pays attention to.
Tesla said it made 5000 Model 3s in a week? Really?
Elon's exact quote to his media side kick Fred Lambert: “Not only did we factory gate 5000 Model 3’s, but we also achieved the S & X production target for a combined 7000 vehicle week!” https://electrek.co/2018/07/01...
Notice the difference in terminology between what is said of the 3 vs. S & X. "Factory gate" means the cars are made ready for delivery. Though, given that some pics taken of cars in that state show even that may even be a stretch(on top of Tesla's historic reliability issues with the Model 3 after the customer takes delivery). So what Elon is saying is that there were already Model 3s produced and waiting in a lot at the start of the last week of June. Those cars are included in the 5000 unit tally even though they were already produced and may have just needed to be moved from one lot to another. That's why sustained rates are the only true measure.
But really, given Elon's past antics is this a surprise? These word games Elon plays with numbers are so tiresome. The only people who still fall for it must have been told a dozen times by their parents that the Easter Bunny doesn't exist before they started to believe it.
As far as I understand, SC was more of a distributed solar power company that dealt with all aspects of installation, maintenance, financing, etc. Tesla's residential energy division is transitioning more towards having solar and battery products being something the consumer or the house builder buys directly as product.
Then why did Tesla buy out Solar City in the first place and take on all that dead weight? There's no logical reason other than because Musk needed to bail out himself and other insiders. As well as not take a hit to his reputation that a company with his stamp on it going under would do.
Those recordings are over a week old
Check out the news paper pic in particular: https://twitter.com/skabooshka... This new line isn't near completion.
Tesla's REAL IP has never been about the car, but how to get their manufacturing costs way down. "
Haha! Oh, wait, you're serious? Let me laugh even harder. Tesla has more employees per car produced then every other manufacturer, even when taking into consideration they own their own service centers and don't depend on a dealer network. Musk wasted billions thinking he was smarter than everyone else by trying to over automate final assembly. Almost a year after the Model 3 went into production, billions have been wasted and the total number of cars built is barely over 30K. Tesla is a farce when it comes to efficient manufacturing.
Sure looks like it's rocking at over 700 Model 3s per day, huh? https://www.zerohedge.com/news...