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TESLA, The Ambitions of Musk
nipper
post Posted: Apr 5 2019, 06:27 PM
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It's all over (the newswires)
QUOTE
Elon Musk saw $US1.1 billion ($1.55 billion) wiped from his net worth in the first two minutes of New York trading overnight as Tesla shares sank as much as 11 per cent. The fall cut his net worth to $US22.3 billion on the Bloomberg Billionaires Index as of 9.32am US time. Tesla ended the day down 8.2 per cent.

The electric car maker had reported a record decline in deliveries during the first quarter, down to 63,000 vehicles in the three months that ended in March, from 90,966 in the fourth quarter.

About $US10 billion of Mr Musk's fortune is derived from Tesla, with approximately $US13 billion coming from his stake in closely held rocket business Space Exploration Technologies Corp, according to calculations by the ranking.

The bigger than expected drop in Tesla deliveries spooked stock and bond investors, raising concern about the electric car maker's ability to make money as Mr Musk headed into another legal tussle with regulators on Thursday.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Mar 6 2019, 11:43 AM
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Hard now - even for TESLA diehard fans - to trust anything Musk says

'Huge financial concern': Tesla shares suffer $11b meltdown after Elon Musk's shock move, China issues

QUOTE
The abrupt move by Musk, 47, shocked Alex Chalekian, the founder and CEO of Lake Avenue Financial in Pasadena, California. The firm, which manages more than $US150 million in client assets, sold all of the Tesla stock held for advisory clients on Friday.

"This was a total 180-degree turn," Chalekian, who owns a black Tesla Model S, said in a phone interview Monday.

"Tesla had been talking about expanding stores, and all of a sudden they are closing them. To me, this signals a huge financial concern and a possible cash-flow issue for Tesla."


https://www.smh.com.au/business/markets/hug...306-p51212.html
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Attached File  tsla.png ( 97.79K ) Number of downloads: 3

 




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
early birds
post Posted: Feb 27 2019, 10:53 AM
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not direct relate to Tesla, but don't know hwere to put it as i think it is really important thing to whole EV sector.

===============
https://www.bloomberg.com/hyperdrive

Just a few years ago, automakers had a largely uniform response to questions about the construction of refueling stations for electric vehicles: “Not my job.” Today, they’re starting to realize that no one else is going to build stations at the scale needed to stimulate sales of battery-powered cars, so they’ll have to do it themselves. “Charging infrastructure is a bottleneck,” says Andreas Tschiesner, head of the European automotive practice at McKinsey & Co. Carmakers are “ready to get the ball rolling because nothing is happening on its own.”

Volkswagen, Daimler, Ford Motor, and BMW have teamed up to create Ionity, a company that’s building charging stations across Europe. VW has formed Electrify America, a unit that will spend $2 billion on stations in the U.S., and the German company is considering a similar operation in China. Porsche is installing chargers at dealerships and is working with BMW and Siemens to develop ultrafast charging. And Japan’s big manufacturers have set up a company to promote installation of quick chargers.

BOTTOM LINE - Automakers will spend $255 billion developing hundreds of e-car models by 2023, and will need a wide network of charging stations to persuade customers to buy them.
==================

“Charging infrastructure is a bottleneck,” -----problem that hard to fix....really Govt. to step in to help.
Volkswagen, Daimler, Ford Motor, and BMW have teamed up to create Ionity, a company that’s building charging stations across Europe-------they doing it for Tesla?? nah, they will kill Tesla i reckon.


that is two big things i'm bearish on Tesla. i'm sure people have a lot other things to say as well..



Said 'Thanks' for this post: lgrif  
 
mullokintyre
post Posted: Feb 26 2019, 05:05 PM
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Looks Like Musk is in hot water with the SEC again.
[quote]
The United States Securities and Exchange Commission (SEC) says a federal court should hold Elon Musk in contempt for violating last year's settlement with the federal agency due to new statements made on Twitter, sending shares of the electric carmaker down 5 per cent in extended trade.

Key points:
Mr Musk agreed last August that any material statements on social media had to first be vetted by Tesla
The SEC argues a February 20 tweet broke this agreement
But Mr Musk says the numbers he tweeted were already available in Tesla earnings transcripts
Mr Musk, Tesla, and the SEC last year settled a lawsuit filed by the federal agency over the chief executive's tweets in August that he planned to take the company private.

As part of that settlement, any material statements made by Mr Musk on social media were to be vetted by the company.

The regulator pointed to this February 19 tweet from Mr Musk
It noted that Mr Musk did not seek or receive preapproval before publishing this tweet, which was inaccurate and disseminated to over 24 million people.

"Musk has thus violated the Court's Final Judgment by engaging in the very conduct that the preapproval provision of the Final Judgment was designed to prevent," the SEC wrote in its motion filed on Monday (local time) in federal court in Manhattan.

Mr Musk subsequently clarified his tweet to say that the "annualised production rate" at end-2019 would probably be about 500,000, with deliveries expected to be about 400,000.

He also went on to defend himself — on Twitter — saying the same figures he quoted in his tweet were available in a Tesla earnings transcript from the end of 2018.

:[/quote
From ABC News
All he has to do is run it past the board, but as usual, he thinks that a shjeer genius like himself should not be constrained by the rules for mere mortals.

Mick



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sent from my Olivetti Typewriter.
 
blacksheep
post Posted: Feb 8 2019, 02:12 PM
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The plant in Buffalo was built and equipped with $750 million in taxpayer funds

Former Tesla workers paint grim picture of Buffalo plant
By: Daniel Telvock
Posted: Feb 04, 2019 06:30 PM EST
Updated: Feb 06, 2019 04:41 PM EST

QUOTE
BUFFALO, N.Y. (WIVB) - A group of former Tesla workers in Buffalo are breaking their silence about problems they witnessed at the plant, including what they termed as “a lack of urgency” shown by management to improve operations.

In exclusive interviews with News 4 Investigates, former workers described a gloomy picture of the Tesla’s Gigafactory II plant in Buffalo, formally known as Solar City.

read more - https://www.wivb.com/news/investigates/form...lant/1754568826



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 7 2019, 08:23 PM
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Tesla buys battery tech company Maxwell Technologies
The acquisition will cost the automaker $218 million.
BY
ANDREW KROK
FEBRUARY 4, 2019 6:59 AM PST
QUOTE
Tesla's battery packs offer some of the best range in the industry, but there's always room for improvement, which is likely why the automaker just scooped up a company specializing in battery tech.

Tesla will purchase Maxwell Technologies, a battery-tech company based in San Diego, the company said on Monday. The transaction will cost Tesla $218 million, and its buyout price of $4.75 per share is a 55-percent premium over Maxwell's Friday closing price. Maxwell said that the purchase already has board approval, and it should be finalized in or shortly after the second quarter of 2019.

"We are always looking for potential acquisitions that make sense for the business and support Tesla's mission to accelerate the world's transition to sustainable energy," a Tesla spokesperson said in a statement. The automaker did not elaborate further about why it chose Maxwell.

Maxwell Technologies was founded in 1965, offering its research and development efforts to the government as an outside contractor. Its focus is in energy storage and power delivery, specifically ultracapacitors, which can accept and deliver charge much faster than batteries. The company isn't limited to the automotive space, though -- its solutions can also work with renewable energy systems like wind turbines.

read more - https://www.cnet.com/roadshow/news/tesla-bu...y-tech-company/

Tesla acquires Maxwell Technologies, rival warns of ‘R&D hell’
QUOTE
Energy-Storage.news asked whether access to the ultracapacitor technology or to the dry electrode technologies would be of primary interest to Tesla. However, the Tesla representative said the company would not be “sharing further comment at this time”. Similarly, a Maxwell Technologies representative told Energy-Storage.news that the company “will not be conducting interviews or providing additional commentary…at this time”.

Ultracapactor rival sounds warning
Nonetheless, Taavi Madiberk, CEO of Skeleton Technologies, a European manufacturer of ultra- and super capacitors, was quick to offer a take on the news last night.

“Tesla has made the right move - the ultracapacitor manufacturer acquisition highlights the evident limits of Li-ion batteries in terms of fast charging and thermal management, whereas ultracapacitors offer fast charging in seconds and ultra-high efficiency, allowing for better thermal management and much longer life-time.”

While Madiberk said Tesla has made the right move, he then immediately moved to tout the competitive advantages the Skeleton Technologies CEO claims his devices have over those of rival makers, including Maxwell.

Maxwell Technologies’ ultracapacitors have an energy density of 7Wh per kg, while Skeleton Tech curved graphene ultra capacitors reach 20Wh per kg. Madiberk said that Maxwell/Tesla has a leading position in the automotive industry but that they might struggle to close that so-called “innovation gap”.

“Mr. Musk studied ultracapacitors in Stanford during his PhD, but he is underestimating the “R&D hell” to get to higher energy density ultracapacitors.

“We are expanding our manufacturing and R&D capabilities in Germany and have a clear road-map of hitting 60Wh/kg, while retaining charging times measured in seconds and a cost point lower than high power batteries – we do not see Tesla closing the gap any time soon. In fact, key engineering people from Maxwell/Tesla have joined Skeleton recently,” Madiberk claimed.

https://www.energy-storage.news/news/tesla-...arns-of-rd-hell

FromMaxwell's webpage - http://investors.maxwell.com/investors/ove...w/default.aspx#
Investors Overview
Maxwell was incorporated under the name Maxwell Laboratories, Inc. in 1965. The Company made an initial public offering of common stock in 1983, and changed its name to Maxwell Technologies, Inc. in 1996. Today, we develop, manufacture and market energy storage and power delivery products for transportation, grid energy storage, wind energy storage, industrial and other applications. Our products are designed and manufactured to perform reliably with minimal maintenance for the life of the applications into which they are integrated. We believe that this “life-of-the-application” reliability gives our products a competitive advantage and enables them to command higher profit margins than commodity products. We focus on the following lines of high-reliability products and technologies:

Energy Storage: Ultracapacitors are energy storage devices that possess a unique combination of high power density, extremely long operational life and the ability to charge and discharge very rapidly. Our ultracapacitor cells, multi-cell packs, modules and subsystems provide highly reliable energy storage and power delivery solutions for applications in multiple industries, including automotive, rail and truck in transportation, as well as grid energy storage and renewable wind energy solutions. Our recently developed lithium-ion capacitors are energy storage devices with the power characteristics of an ultracapacitor combined with enhanced energy storage capacity approaching that of a battery. They are uniquely designed to address a variety of applications in the rail, grid, and industrial markets where energy density and weight are differentiating factors.

Dry Battery Electrode Technology: We believe our dry electrode technology has the potential to be a revolutionary technology within the battery industry with a substantial market opportunity, particularly for use in electric vehicles. By applying our proprietary and fundamental dry electrode manufacturing technology and trade secrets to batteries of varying chemistries, we believe we can create significant performance and cost benefits when compared with today’s state of the art wet electrode technology.



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jan 30 2019, 05:54 PM
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In Reply To: blacksheep's post @ Aug 9 2018, 10:49 AM

Tesla Has Just 4 Weeks to Rally 21% or Pay $920 Million on Bonds
By Molly Smith
January 29, 2019, 9:00 PM GMT+11
QUOTE
Convertible bonds coming due March 1 in biggest ever debt bill
‘There’s always a glimmer of hope,’ portfolio manager says
The clock is now ticking for Elon Musk to avoid a $920 million bill for Tesla Inc.

That’s the amount of debt coming due March 1 from convertible bonds issued back in 2014. Tesla can dodge the payout by exchanging the note for a mix of cash and stock -- but only if the shares jump about 21 percent from their current level, based on a 20-day averaging period that starts today.

The debt payment, the largest in the company’s history, would take a big bite out of Tesla’s cash just as Musk enters another challenging year. But while a rally to the $359.87 price needed for a swap may be a long shot, it’s not an impossibility for a stock prone to heavy swings. And with the automaker scheduled to report fourth-quarter earnings Wednesday, a catalyst could be just around the corner.

read more - https://www.bloomberg.com/news/articles/201...ion-bond-payout
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 20 2019, 08:08 PM
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In Reply To: nipper's post @ Jan 20 2019, 07:40 PM

Musk has done OK by the US taxpayers - Nevada taxpayers contributed $1.3 billion in tax breaks and other incentives to have the Tesla Gigafactory No.1 built in that state. New York gave him a tax incentive package of $750 million that lured SolarCity to build its Gigafactory (No.2) there. Not sure what China is paying him



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jan 20 2019, 07:40 PM
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Posts: 5,395
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In Reply To: blacksheep's post @ Jan 20 2019, 07:28 PM

QUOTE
No doubt he hopes to tap into those Chinese tax credits/subsidies
... - in a better world, subsidies and incentives wouldn't be on the table. But, sadly, competitive advantage always is attractive to the rent seekers. And offered by those that don't carry the cost.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jan 20 2019, 07:28 PM
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Shocks Are Piling up at Tesla
QUOTE
Tesla's long-term growth story is running on a low battery


QUOTE
Nearly $10 billion in long term debt is on the books, which limits financial flexibility, and Tesla's ongoing capital needs are significant


QUOTE
Meanwhile, federal tax credits will be halved again on July 1 and eliminated for Tesla at the end of the year

https://www.wsj.com/articles/shocks-are-pil...sla-11547823670

Little wonder "In China, Elon Musk Felt the Love That Was Missing at Home" biggrin.gif No doubt he hopes to tap into those Chinese tax credits/subsidies
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Attached File  tsla.png ( 98.96K ) Number of downloads: 6

 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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