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So glad I own TSLA!!!

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  • Mar 28th, 2024 4:02 pm
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Deal Addict
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Sep 8, 2014
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As was reported on Tesla Motors Club Forum : The rise in the value of ARK's shares in Tesla during 2018 forced them to sell to remain with Tesla as a maximum percentage of the fund holdings by year end, as the fund requires a balance of holdings across multiple stocks to remain within charter. Nothing to see here folks, move on.
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Nov 9, 2013
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SmartElectric wrote: As was reported on Tesla Motors Club Forum : The rise in the value of ARK's shares in Tesla during 2018 forced them to sell to remain with Tesla as a maximum percentage of the fund holdings by year end, as the fund requires a balance of holdings across multiple stocks to remain within charter. Nothing to see here folks, move on.
I had read that ARK sold ~ 40% of their Tesla shares a few days ago, although I can't find the source at present (if I can I'll post it).

What does the TMC think about the most recent Consumer Reports M3 rating? Biased? Problems already corrected as they did their sample in fall 2018 and new cars are fixed?

What about the current state of European deliveries and the issues those customers are having?

What about the departure of the CFO?

What about the departure of the general counsel, after only 2 months?
Buy right, hold tight. Keep calm and go long.
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Jun 27, 2012
342 posts
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TSLA is on the hook for $950 million on March 1st that they'll have to pay in cash. That's about 1/3rd of their total cash/cash equivalents. That's a lot less money for R&D/operations/etc. How are they not screwed at this point?!
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Jan 20, 2016
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treva84 wrote:

What does the TMC think about the most recent Consumer Reports M3 rating? Biased? Problems already corrected as they did their sample in fall 2018 and new cars are fixed?
Let me be a devil's advocate :)
Responding to the specific Model 3 problems detailed by CR, a Tesla spokesperson said: "This new data from Consumer Reports comes from their annual Owner Satisfaction survey, which runs from July through September, so the vast majority of these issues have already been corrected through design and manufacturing improvements, and we are already seeing a significant improvement in our field data.".
So far tsla promise they fixed those quality issues.

Other questions would be left unanswered imo...
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Apr 21, 2004
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There shouldn't be issues in the first place for 1,000 of these minor grievances.

It's not like they are building their first car. This is the fourth already and using famed robotics.
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Nov 9, 2013
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testdnakr wrote: TSLA is on the hook for $950 million on March 1st that they'll have to pay in cash. That's about 1/3rd of their total cash/cash equivalents. That's a lot less money for R&D/operations/etc. How are they not screwed at this point?!
They do have a $182 million Solar City bond due in April as well, that they initially extended from Dec 2018.
Buy right, hold tight. Keep calm and go long.
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Nov 8, 2017
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SmartElectric wrote: As was reported on Tesla Motors Club Forum : The rise in the value of ARK's shares in Tesla during 2018 forced them to sell to remain with Tesla as a maximum percentage of the fund holdings by year end, as the fund requires a balance of holdings across multiple stocks to remain within charter. Nothing to see here folks, move on.
Lol. It doesn't pass the smell test. Did TSLA rise like 80% in Q4 so ARK was forced to reduce its position by 44.54 percent??? NO!!!!

FAKE news. Move on.
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Nov 8, 2017
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dlhunter wrote: Europeans, in general, are price conscious and will not buy a lot of overpriced Tesla models. When incentives expire in Ned/Nor, who is going to buy it at the Mercedes S500 price point? niche, less than 0.5% of market
AFAIK Ned increases tax on EV from 4% to 22% in 2019. Party's over.
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Nov 8, 2017
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treva84 wrote: They do have a $182 million Solar City bond due in April as well, that they initially extended from Dec 2018.
More to it:
The second item I have been curious about is the company's term loan that was due in December 2018. As the Q3 2018 10-Q filing detailed, there was a little more than $180 million in unpaid principal balance due, and management did not provide any update in the quarterly investor letter as to what happened with this debt. Here's what was said in the 10-K [4Q18]:

"In March 2016, a subsidiary of SolarCity entered into an agreement for a term loan. The term loan bears interest at an annual rate of the lender’s cost of funds plus 3.25%. The fee for undrawn commitments is 0.85% per annum. On March 31, 2017, the agreement was amended to upsize the committed amount, extend the availability period and extend the maturity date. The term loan is secured by substantially all of the assets of the subsidiary and is non-recourse to our other assets. The term loan had an original maturity date of December 2018 and on December 19, 2018, the maturity date was extended to January 2019. On January 30, 2019, the maturity date of the term loan was further extended to April 2019."

Interestingly enough, the first extension came just a day after Elon Musk reportedly mortgaged all of his homes in a deal with Morgan Stanley, just a day or two after The Wall Street Journal talked about the CEO using funds from his other firm SpaceX for his new venture the Boring Company. The loan's second extension also came on the same day that Tesla reported Q4 earnings and announced its CFO was retiring again. Since the loan is also based on LIBOR, the interest rate is now 6.1%, up from 4.8% a year earlier.
Furthermore
Today's filing shows a yearly total of more than $418 million [automotive regulatory credits], meaning the company sold almost $95 million worth of credits in Q4 2018. Considering the total GAAP profit for the Q4 period was just under $140 million, that means that almost 68% of the quarter's net income was derived from credit sales. By the way, imagine how much larger the $976 million GAAP net loss would have been without those yearly sales. If you look at the adjusted or non-GAAP loss reported of $227 million thanks to backing out stock based compensation, the non-GAAP loss would have nearly tripled without that major benefit.
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Nov 8, 2017
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Dark clouds on the horizon? Thunderstorm, tornado or hurricane???
“Due to the lack of actual cars (even in the stores) in China, thus no test drives, no user reviews, soft economic environment, and Chinese preference for big cars, the ongoing orders for 3 is not optimistic. We estimate that Model 3 orders nationwide are in hundreds as of today.” [...]

Inside EVs estimate of 6,500 Model 3 delivered in January is a 70% drop from December ...
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Nov 9, 2013
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On TSLAQ twitter there's a rumour that GF1 (a JV between Panasonic and Tesla) operations may come under fire after Q1 2019 - Tesla has agreed to purchase $4.8 billion in battery units from Panasonic for 2019 (see 10K) and Panasonic is becoming increasingly frustrated that Tesla isn't meeting the numbers (see their last quarter ER where they wrote down the numbers).

I don't know what the specific implications for GF1, Panasonic, or Tesla would be. I would assume Panasonic would make a decision that is in their best financial interests.

Buy right, hold tight. Keep calm and go long.
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Apr 21, 2004
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What does come under fire means if it's already under scrutiny?
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Nov 9, 2013
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alanbrenton wrote: What does come under fire means if it's already under scrutiny?
As in Panasonic may take over operations of GF 1 from Tesla - this is purely speculative.
Buy right, hold tight. Keep calm and go long.
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Nov 9, 2013
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Bb0231 wrote:
Rumour I read is they got Q3 rebates from Panasonic juice returns in exchange for a higher purchase commitment in 2019.
Buy right, hold tight. Keep calm and go long.
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Nov 9, 2013
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Also:



"I do not respect the SEC "
Buy right, hold tight. Keep calm and go long.
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Nov 8, 2017
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Oops! No wonder GC resigned the next day. Would rather be the defence lawyer.
The US Securities and Exchange Commission (SEC) has reportedly asked a judge to hold outspoken Tesla CEO, Elon Musk, in contempt for violating his settlement with the agency with a tweet last week.

Bloomberg reports that the tweet in question, made on February 19 (US time), violates the settlement Musk made with the SEC last year that required him to seek pre-approval from the company for social media posts and "other written communication that would be material to the company or investors".

"He once again published inaccurate and material information about Tesla to his over 24 million Twitter followers, including members of the press, and made this inaccurate information available to anyone with Internet access," the SEC said in documents filed in Manhattan federal court.
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Nov 9, 2013
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Bb0231 wrote: Oops! No wonder GC resigned the next day. Would rather be the defence lawyer.
Apparently after the fact Musk wanted him to say he ok'd the tweet before it was sent out (which he didn't).

Buy right, hold tight. Keep calm and go long.

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