Investing

So glad I own TSLA!!!

  • Last Updated:
  • Mar 28th, 2024 7:28 pm
Tags:
None
Deal Addict
Jan 20, 2016
2028 posts
1013 upvotes
Houston, TX
Interesting news about Tesla HAVE to confirm they do not have enough ... batteries to make 500k M3 alone this year. Gigafactory output thought to be 35Mgwt actually is 24, which brings them to 300-350k cars COMBINED could be PRODUCED in a year... (M3 still and will cannibalize more profitable S and X)

https://electrek.co/2019/04/14/tesla-gi ... elon-musk/
Make the face great again
Deal Fanatic
Nov 9, 2013
5885 posts
7465 upvotes
Edmonton, AB
asa1973 wrote: Interesting news about Tesla HAVE to confirm they do not have enough ... batteries to make 500k M3 alone this year. Gigafactory output thought to be 35Mgwt actually is 24, which brings them to 300-350k cars COMBINED could be PRODUCED in a year... (M3 still and will cannibalize more profitable S and X)

https://electrek.co/2019/04/14/tesla-gi ... elon-musk/
And yet, over the weekend Musk Tweeted about 500k cars in the next year - https://www.bloomberg.com/news/articles ... -next-year
Buy right, hold tight. Keep calm and go long.
Deal Fanatic
Nov 24, 2013
6479 posts
3344 upvotes
Kingston, ON
Tesla making 500k cars from now to 12 months from now would include ~6 months of Gigafactory 3 in Shanghai too.
Deal Fanatic
Nov 9, 2013
5885 posts
7465 upvotes
Edmonton, AB
Mike15 wrote: Tesla making 500k cars from now to 12 months from now would include ~6 months of Gigafactory 3 in Shanghai too.
Okay, fair enough, but now that Pana has pulled out, who is providing the battery tech and investment for GF3? Yes, they may get other suppliers but at present none of that is certain. And yet, 500k vehicles will certainly happen in the next 12 months?



Without Panasonic, how is he going to produce batteries in a "timely manner"?
Buy right, hold tight. Keep calm and go long.
Deal Guru
User avatar
Sep 8, 2007
10978 posts
14474 upvotes
Way Out of GTA
treva84 wrote: Okay, fair enough, but now that Pana has pulled out, who is providing the battery tech and investment for GF3? Yes, they may get other suppliers but at present none of that is certain. And yet, 500k vehicles will certainly happen in the next 12 months?



Without Panasonic, how is he going to produce batteries in a "timely manner"?
Usually gets twisting into “well Panasonic were merely riding Musks coattails and they will be much better on their own because everything Musk does is the best ever.”
Deal Fanatic
Nov 9, 2013
5885 posts
7465 upvotes
Edmonton, AB
alanbrenton wrote: Toyota coming out with more than 10 BEVs by 2025.
https://global.toyota/en/newsroom/toyota/27769546.html

Maybe they partnered with Tesla once more?
Panasonic signed an agreement with Toyota to supply batteries for BEVs. As far as I know there is no current agreement between Tesla and Toyota. Toyota used to have shares in Tesla and at one stage they wanted to develop a BEV Rav 4 but I believe that died in 2017.
Buy right, hold tight. Keep calm and go long.
Deal Expert
User avatar
Apr 21, 2004
58648 posts
24637 upvotes
treva84 wrote: Panasonic signed an agreement with Toyota to supply batteries for BEVs. As far as I know there is no current agreement between Tesla and Toyota. Toyota used to have shares in Tesla and at one stage they wanted to develop a BEV Rav 4 but I believe that died in 2017.
haha, you missed the /s

https://asia.nikkei.com/Business/Busine ... s-together
Deal Fanatic
Nov 24, 2013
6479 posts
3344 upvotes
Kingston, ON
treva84 wrote: Okay, fair enough, but now that Pana has pulled out, who is providing the battery tech and investment for GF3? Yes, they may get other suppliers but at present none of that is certain. And yet, 500k vehicles will certainly happen in the next 12 months?



Without Panasonic, how is he going to produce batteries in a "timely manner"?
You quoted a November tweet, same date as the one about Tesla/Pana producing 60% of global EV output, and he does say even in that tweet that cells will be sourced locally from several companies, including Pana but not limited to.

That Electrek article earlier doesn't say Pana's ending their partnership with Tesla, only that they're not currently investing at GF1 beyond 35gWh theoretical (Elon says 23gWh actual max) capacity. Depending on model mix, 23gWh is enough for 300k-350k Model 3s from GF1 cells alone. Considering Elon mentioning back in November (in what you quoted) that they're going to get cells for GF3 locally (to Asia region, I'm assuming), including Pana Japan, surely that's enough for the other 150k-200k cars?
Deal Fanatic
Nov 9, 2013
5885 posts
7465 upvotes
Edmonton, AB
Mike15 wrote: You quoted a November tweet, same date as the one about Tesla/Pana producing 60% of global EV output, and he does say even in that tweet that cells will be sourced locally from several companies, including Pana but not limited to.

That Electrek article earlier doesn't say Pana's ending their partnership with Tesla, only that they're not currently investing at GF1 beyond 35gWh theoretical (Elon says 23gWh actual max) capacity. Depending on model mix, 23gWh is enough for 300k-350k Model 3s from GF1 cells alone. Considering Elon mentioning back in November (in what you quoted) that they're going to get cells for GF3 locally (to Asia region, I'm assuming), including Pana Japan, surely that's enough for the other 150k-200k cars?
What I mean is without Panasonic investing in GF3, how is he going to produce the cars in a timely manner. Yes, there are other suppliers, as far as I can tell the lead supplier has a 10 gWH capacity so chances are he can match GF1 with a few different suppliers on board.

My point though is that he's putting the cart before the horse. He hasn't even sourced suppliers for a factory that isn't even yet built, and yet he's saying they will produce this many vehicles. I know this is classic Elon however, and this sort of thing from him isn't necessarily new. Personally I don't really believe anything that he says.
Buy right, hold tight. Keep calm and go long.
Deal Fanatic
Nov 9, 2013
5885 posts
7465 upvotes
Edmonton, AB
Institutional selling, on top of ongoing insider selling - surely this is bullish?
(Reuters) - T. Rowe Price funds slashed Tesla Inc holdings in the first quarter, data showed on Wednesday, as the institutional investor continued to cut its positions in the electric vehicle maker.

The firm, which has been one of the largest investors in the Silicon Valley company, sold off 92 percent of its prior holdings in the company during the quarter, Refinitiv data showed.
https://www.reuters.com/article/us-tesl ... SKCN1RU05W
Buy right, hold tight. Keep calm and go long.
Deal Expert
User avatar
Apr 21, 2004
58648 posts
24637 upvotes
Bullshittish if you ask me.

Hopefully co. gets its act together. Best for consumers if it were to survive and thrive.
Deal Guru
Aug 17, 2008
10990 posts
13540 upvotes
The ongoings at TSLA are so crazy that I don't even follow this thread any more. This is worse than a soap opera.

"Tesla announces that 4 board members are going to leave"

https://electrek.co/2019/04/19/tesla-bo ... ers-leave/

https://www.reuters.com/article/us-tesl ... SKCN1RV1BN
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Addict
Nov 8, 2017
3135 posts
1308 upvotes
Dropped on the Friday evening of an Easter weekend ....

From Reuters
Of the four members who would exit the board, Buss and Gracias were part of Tesla’s disclosure controls committee, overseeing the implementation of the terms of the consent agreement between Tesla and the SEC.

Top

Thread Information

There are currently 2 users viewing this thread. (0 members and 2 guests)