Is Tesla just months away from a total collapse?
#47
Lexus Champion
Interesting... could you imagine a toyota tesla...? That would be cool... as it would be a shame to see all of what they have accomplished wasted or go away (doubtful). I guess it all depends on musk and how willing he would be to sell off his baby... I don't know if I see him selling the co until it's in anything other than dire straits - as it would be hard to swallow spending all that money for nothing... (all right, done with old band puns ;-).
- There is the plant that Toyota inherited from GM, and that Toyota sold to Tesla for a song. No established automaker needs another plant, especially in Silicon Valley.
- There is the Gigafactory (but I don't know if Panasonic has any say in the sale of that). It produces batteries in a size that no other automaker uses.
- There are the patents but Elon Musk already agreed to licence them for free.
#48
Lexus Champion
Interesting... could you imagine a toyota tesla...? That would be cool... as it would be a shame to see all of what they have accomplished wasted or go away (doubtful). I guess it all depends on musk and how willing he would be to sell off his baby... I don't know if I see him selling the co until it's in anything other than dire straits - as it would be hard to swallow spending all that money for nothing... (all right, done with old band puns ;-).
#49
Lexus Champion
#51
Lexus Fanatic
iTrader: (20)
#52
Lexus Fanatic
Thread Starter
#53
Lexus Fanatic
Thread Starter
Why would Toyota buy the Tesla organization? They would just inherit all of that debt, overhead, and red ink from the company-owned dealer/service facilities. Previous company-owned franchises have never worked for any mass-market automaker, they (so far) haven't worked for Tesla, and they are not likely to work for Toyota if they are bought out.
#54
Lexus Fanatic
iTrader: (20)
Why would Toyota buy the Tesla organization? They would just inherit all of that debt, overhead, and red ink from the company-owned dealer/service facilities. Previous company-owned franchises have never worked for any mass-market automaker, they (so far) haven't worked for Tesla, and they are not likely to work for Toyota if they are bought out.
#55
Lexus Champion
Yes and I loathe the interior.
If they could get the Gigafactory cheap then hell yea you do it. A forever supply of batteries.
Why would Toyota buy the Tesla organization? They would just inherit all of that debt, overhead, and red ink from the company-owned dealer/service facilities. Previous company-owned franchises have never worked for any mass-market automaker, they (so far) haven't worked for Tesla, and they are not likely to work for Toyota if they are bought out.
#56
Pole Position
Most likely this one. Pretty lame how they faked the Tesla in space thing as well. There is no way that happened. Sure they shot a bottle rocket up & it would appear they landed the boosters. That's about the extent of their tricks.
Musk is a bald fraud.
Musk is a bald fraud.
Maybe people should sell their Tesla stock and buy Reynolds..?
#58
Lexus Champion
Sell Tesla shares because BMW, Audi competition is coming: JP Morgan
- J.P. Morgan reaffirms its underweight rating on Tesla shares, citing the electric car pipelines from German luxury automakers.
- "When similarly priced high-end long-range electric vehicles become available from prestigious brands with strong reputations for both service and build quality, we believe this could represent a meaningful headwind for Tesla," the firm's analyst writes.
The firm reaffirmed its underweight rating on Tesla shares, citing the electric car pipelines from Mercedes-Benz, BMW and Audi.
"Tesla has, to date, faced relatively little competition in the market for luxury electric vehicles, and so we think shoppers have been willing to cut the automaker some slack when it comes to some aspects of service and build quality," analyst Ryan Brinkman wrote in a note to clients Friday. "When similarly priced high-end long-range electric vehicles become available from prestigious brands with strong reputations for both service and build quality, we believe this could represent a meaningful headwind for Tesla."
Tesla's stock closed down 3.3 percent Friday.
The analyst said Daimler, the owner of Mercedes-Benz, has said it will launch 10 battery-powered electric vehicles by 2022. He also noted Audi's electric vehicle pipeline.
"We met with Audi, which appeared the most aggressive over the near-term, targeting the debut of a 310 mile range (95 kWh battery pack) 'e-tron' vehicle sized between a Q5 and a Q7, with an €80,000 price tag (nearly ~$100K)," he wrote. "These range, size, and price configurations seem designed to go toe-to-toe with the Tesla Model X."
Brinkman reaffirmed his $185 price target on Tesla shares, representing 38 percent downside from Thursday's close.
Tesla did not immediately respond to a request for comment.
The company is slated to report its first-quarter earnings results on May 2, according to its website.
But the competition that J.P. Morgan is talking about is at least 2 or 3 years away. Anything could happen to Tesla -- or the established luxury automakers' plans for electric vehicles -- in that time.
#60
Lexus Fanatic
Thread Starter
Looks like Kanye West may be trying to give the company some PR. I guess he talked Kim into letting him buy one LOL.
https://www.cnbc.com/2018/04/23/kany...his-tesla.html
Rap superstar Kanye West praised his Tesla as the "funnest car" he's ever driven and thanked Elon Musk in a series of tweets on Monday.
"I really love my Tesla. I'm in the future. Thank you Elon," West said in one tweet.
He continued saying that he heard Tesla's electric vehicles were good for the environment, and went on to call the car the "funnest" he has ever driven.
West and Musk appear to have a growing friendship that started 3 years ago. Writing for Time in 2015, Musk praised the rapper.
"Kanye's belief in himself and his incredible tenacity — he performed his first single with his jaw wired shut — got him to where he is today. And he fought for his place in the cultural pantheon with a purpose," Musk said.
And earlier this year, the Tesla CEO said that West inspires him.
Musk will likely be hoping for all the support he can get given the spate of bad news Tesla has recently faced, including a probe into workplace safety. Shares of Tesla are down nearly 7 percent since the start of the year.
https://www.cnbc.com/2018/04/23/kany...his-tesla.html
Rap superstar Kanye West praised his Tesla as the "funnest car" he's ever driven and thanked Elon Musk in a series of tweets on Monday.
"I really love my Tesla. I'm in the future. Thank you Elon," West said in one tweet.
He continued saying that he heard Tesla's electric vehicles were good for the environment, and went on to call the car the "funnest" he has ever driven.
West and Musk appear to have a growing friendship that started 3 years ago. Writing for Time in 2015, Musk praised the rapper.
"Kanye's belief in himself and his incredible tenacity — he performed his first single with his jaw wired shut — got him to where he is today. And he fought for his place in the cultural pantheon with a purpose," Musk said.
And earlier this year, the Tesla CEO said that West inspires him.
Musk will likely be hoping for all the support he can get given the spate of bad news Tesla has recently faced, including a probe into workplace safety. Shares of Tesla are down nearly 7 percent since the start of the year.