more insane than TSLA is probably the answer .. ;)
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Really - "Tesla does not make money!" you posted that - didn't you ? ;)
So now it does make money ?
Does Xero make money ? What's it's PE ?
Or for that matter the most expensive stocks on US market ? ;)
You seem to forget that the market is pricing it's sentiments of TSLA's future
prospects which tend to look like they are better than that rapidly diminishing
supply of new Bitcoin capable of being generated off the chain .. ;)
At least TSLA do something productive which is a long way away from riding
a crypto wave which may or may not produce too much tangible for the ride
and runs risk in places of making itself either extinct due to scarcity or excessively
overpriced due to hyping up accordingly far far worse than TSLA or any other stock .. ;)
Granted Supply & demand equations are at work with both, but recent rapidly
rising bitcoin values seems to now look far more ridiculously over valued than heights
TSLA has reached so far .. just bear in mind that those huge crypto gains attract the full
attention of the taxman wanting his share of the spoils .. not necessarily the case with
TSLA's holders who may see a dividend sometime in future, long after bitcoin has priced
itself out of existence & meaningful patron use .. ;)
New poster to sharetrader but have been watching and trying to learn from it for some time. So much great info and love the banter. My inexperienced thoughts are Tesla is still undervalued, it seems to be way more than just a car manufacturer. Elon Musk may be the Thomas Edison or even Nikola Tesla of the 2020s. Bitcoin I believe will keep going up in value and make holders richer and richer, with a lot of ups and downs along the way. Also I see huge upside in the future for the genomics industry. These areas are im putting my money.
No, the SP is riding on the future earnings and sentiment of Tesla being the world leader in not only EV's but future tech. The SP is a reflection of the confidence investors have in the company and its financials. Of course who is at the helm of companies make a huge difference and Elon has proven to be an extremely smart and dedicated CEO thus giving investors more certainty in TSLAs future.
As far as TSLA "eventually getting necked", the short sellers have learnt a valuable lesson. DON'T SHORT TESLA.
I have couple of bitcoin myself ONLY to diversify and take a position. Do i believe in Bitcoin? No, not really. It makes no money, has no CEO, no assets, no number to call when things go wrong. Bitcoin and most other Cryptos have little real world use at this time. BUT, for an extremely High Risk, High Reward position it is great.
Crypto makes up a small percentage of my portfolio but treat it as any other investment, if it makes money i'm in.
Tesla on the other hand is an actual investment, people, machinery, factories, products you can see and sell, offices, showrooms etc. Crypto ie: BTC has nothing, it really is very similar to the tulip bubble and making money is pretty much as one user wrote a spin of the roulette wheel.
Yes that’s true but still a brilliant man, and maybe Elon will die a broke man as well. But being the world’s current richest person he’s got a wee way to go.
Game changers?
https://www.wsj.com/articles/these-c...00?mod=itp_wsj
but they do make money - dont they .. as proven earlier, as they published in accounts .. ;)
P/E is marginally better too .. ;)
must be time to see if there's an available empty truck ..
How's the Bitcoin PE going ? .. ;)
All Bitcoin gains & losses appear to be fully taxable too it seems .. ;)
I love Tesla and Elon Musk (even read one of his biographies) but..
Can anyone explain the value proposition of Tesla to me? Even if it was guaranteed to become the biggest car manufacturer in the world (huge IF) surely if you discounted those future cash flows to their value now it would only be worth about what? half of what Toyota or Volkswagon is worth currently? Instead I read the other day it is worth more than the 5 largest car manufacturers combined?
Is it the data they are collecting? Is the bet that they will be first to crack self driving (before google/apple/some chinese company?). Then what? they license their software? Or maybe they just sell the data to other self driving companies? Would that be worth $600B (or whatever gap you think there is between their value as a car maker and their market cap)? how would you quantify what that might be worth?
To me it seems the current value is driven by sentiment/hope but I was wondering for the true believers, how do they justify it?
Cathie Woods from Ark Investments defends her call for TSLA to be US$4,000 here: https://www.youtube.com/watch?v=gK5PYDR12jQ
It's 3 minutes 20, so not too long.
She mentions the autonomous taxi network as the prize in that video. I have heard her talk about other disruptive technology from Tesla that also piques her interest. She doesn't view Tesla as a car company, rather she sees it as a disruptive technology company, e.g. batteries. That said, it is still an eye watering PE ratio which requires sales/profit growth to follow an exponential curve to prove her right. I don't hold but I watch it.
I see Elon liked the look of GME after seeing his favourite Hedgie sitting on the other side of the room .. ;)
I guess if they were guaranteed to crack self driving first you could justify their current value and she seems to think they are the frontrunner. It seems like that is far from guaranteed though and I'm not convinced they have a chance worth $500B-$600B to do it (although to be fair I have no idea). For instance google seem to think you can't do it with just cameras alone, need to have lidar as well.
Even if they do crack it, presumably they wouldn't be able to manufacture cars fast enough to satisfy demand.. so you wouldn't see fleets of Tesla's? But I presume owning the software is the most valuable part anyway.
@James108: Being the gatekeeper has a lot of value and I guess that is what they are aiming for. Elon Musk believes LIDAR has its limitations & is power hungry, and prefers instead to rely on cameras with visual input with support from other systems. Time will tell who is right.
Source: https://techcrunch.com/2019/04/22/an...lon-musk-says/
I thought she may have a point that Tesla is the front runner due to the data they have. However, if you have a look on Wikipedia it looks like google is 1 or 2 orders of magnitude further ahead in terms uninterrupted driving time.
Time will tell.. you are right interested to keep an eye on this.
Curious what the crypto haters and tsla fans think of its purchase of btc? There seem to be plenty of you in this thread
Think it was motived to gain another stream of BUYers for his EVs ---VW + Toyota are coming for TESLA
https://www.reuters.com/article/us-t...source=twitter
https://cleantechnica.com/2021/02/02...ies-this-year/
... I think Tesla SP will fall from here and some of that comes from the company blowing funds on a Crypto play..they are going need all the funds to keep afloat as Tesla models will need updated to keep up the real AUTO makers
Good for you see a few small Tesla around Queenstown ...ugly as hell model S look aright but I see Realistically the car has a range of around 365km if fully charged driving in NZ conditions if you take it easy.
.... they certainly have first mover advantage and Cult following yes Buying BTC was a smart move to secure followers of the other Cult two bubbles floating away together till they hit the ceiling fan of reality ...
Good read--https://www.smh.com.au/money/investing/tesla-facing-stiff-headwinds-will-the-share-price-bubble-burst-20210208-p570lg.html
One could make money selling or making drugs "Breaking Bad" etc but thats not the person I am .
.. I'm sure BTC has been created by the same guys pushing a cashless society and not free money for the people anti the system BS we see pumped --- if it truely was it would have been crushed long ago... but instead every day on CNBC we have pumpers telling us to BUYBUY BUY
. Just ask the guys that were stopped being able to buy US shares--GME along with other companies recently ... or during the GFC when the CFTC stop being able to short the Banks
... or the HUNTs when the same CFTC stopped anyone being able to go long on Silver ,...
But here we go Bitcoin has not only freedom to trade anywhere in many countries but is promoted by "Wall Street"+ MSM as Digital "GOLD" unlike its so called founders white paper
.. freedom of the people is GONE ..negative rates will come every transactions can be
I wouldn't take any financial advice, in crypto or otherwise, from anyone who deosnt know how to read a company financial statement (because if someone says Tesla "just dont make money" - then that person obviously have never bothered too or doesnt know how to read an income statement.)
=====
Tesla has amongst the highest gross margins on their vehicles of any car manufacturer building at scale, that is a fact easily confirmed by simply comparing income statements - it's not an opinion, it is simply the reality that Tesla cars are sold with a very high profit margin. (And yes that is without "regulatory credits" which are 100% gross margin - a nice cherry on top.)
Meanwhile, as Tesla has been growing gross margins, the company operating expenses (SG&A and R&D costs) have remained relatively flat (or actually reduced) even with rapidly growing shipment volume. This is because much of the operating expenses are fixed costs unrelated to the number of cars shipped, therefore as shipments increase the gross margin earned from the additional shipments starts flowing increasingly straight to the operating profit bottom line. This is a classic example of operating leverage leading to dramatically higher profit growth. In other words, once the gross margin from shipments was large enough to cover the fixed operating expenses, the additional growth in shipments is all flowing to profits.
This is the primary reason why the company is valued so highly at present. If Tesla grows its car shipments as expected throughout this decade (from 500k cars last year to 5-10 million cars annually by decade end), AND is able to maintain impressive gross margins, then all that additional gross margin generated above the 500k annual shipment level will flow mostly through to gigantic profit growth. Any additional profits from Tesla's growing non-car business segments (energy & services, and any new markets entered like FSD fleet potentially) will accelerate the profits.
In short, people aren't assigning a $750 Billion valuation based on Tesla's current earnings, but instead are basing it on what they think the company will be earning 5-10 years out. If one thinks the company will be able to generate $50 Billion in net income in 2030, then the current valuation looks cheap. However if someone disagrees and thinks the company will only be earning $10 Billion at that date, then of course the company looks insanely overvalued. I expect the stock price to have big moves up and down over the next few years as the likelihood of either the bullish or bearish outcome increases or decreases as events play out.
I love this. My Tesla short one of the best ever. Here comes $200.
Yes its hard to get a handle on Tesla at current prices though, its priced for perfection, its worth more then all the other car makers put together im told. But Tesla is the prime disruptive mover in a market where demand is going to keep exploding upwards especially as Climate Change action becomes essential, being just one reason.Tesla is also a leading edge innovator and has other strings like auto driven and power wall batteries. EV Trucks with big payloads wont be far away and auto driven ones close behind.Scania are well on the way here too, what a huge mkt that will be. Still i cant bring myself to buy at current prices. The current dropping in the Tesla s/p may bring an opportunity.
My friend who ive mentioned is re $3 million up now from Tesla and some ARK K (hold re 10% tesla). If only id acted on his advice year ago id be up 800% or so, sa la vie ATPIT.:sleep:
I can promise you we don't have to agree for me to make money ...I like to invest in real assets got my eye on another Commercial property 60k+ net income pa ... all goes to plan will buy outright with my 20/21 ASX profit .....
Cashflow is King ... just ask all these Tech Giants announcing losses .... they survive off raising capital with BIG dreams of forward earnings will end in tears...
It appears to be you who does not know how to value a company. All you have to do is look at the valuations of the biggest automakers in the world to see that Tesla is not being valued as a car company. If tesla was going to be as profitable as Toyota or Daimler in 10 years (a BIG call) they should be trading at about half their value currently (using a WACC of say 7% which is quite low). Instead I read their market cap was more than the next 5 largest auto makers combined.
They are obviously being valued as more than a car company (e.g. self driving was brought up earlier...) OR millions of redditors that do not know how to value companies 'like the stonk'.
What are you on about? I personally made no valuation of the company in my previous post: All I did was explain to you how most Tesla bulls are placing value on the company (its far future profits).
Notice the one thing I did say I expect to happen with the share price: "I expect the stock price to have big moves up and down over the next few years as the likelihood of either the bullish or bearish outcome increases or decreases as events play out."
If you really must know, I sold most of my holdings at $811, and the remainder at $700. The risk/reward ratio just didn't stack up at those higher prices for my own personal investing style.
I value each company independently - I don't care what industry they are in: every company should be valued on its own fundamentals. There is no set rule for how a "car company" should be valued. There are a multitude of different type of car companies all with different growth & profitability profiles. some are absolute dogs, some are high margin beasts. For instance there is a reason Porsche is valued at between $50-$100 billion despite the fact it only makes a few hundred thousand cars a year - its because that's what its own profitability and growth profile dictates.
Treating each company differently is why no one values Apple like a computer, phone or tablet manufacturer (these 3 products are notoriously low margin for most companies who make them).
You told someone else they didn't know how to value a company then went on to talk about gross margin and operating leverage like it matters at all to their valuation. Their manufacturing capability clearly is not why they are valued so highly. I set out a case why I think their car manufacturing is worth a fraction of their market cap (at best half the value of Toyota, VW, Daimler).
What was the Tesla the market cap when you bought at and how did you ascertain that was fair value or cheaper?
Also Porsche is part of Volkswagen - which has a market cap of $193B Euro. I seriously doubt the porsche segment is worth near the figures you stated and certainly not half the value of volkswagon which includes VW (duh) audi, bentley, lamborghini, Skoda etc. I don't think you have a clue.
There was a 5 for 1 share split around mid 2020 for tesla shares. That means there $7000 price target for 2024 was in fact $1400
Nice catch. I'm not following it that closely so that would explain what appears to be a decrease is actually an increase. For me the jury is out on such valuations....I have no opinion and no position.
From that date of post TLSA (was in market earlier though) S&P up about 10% and TSLA down 10%. Stellantis only the start of more real world pain for TSLA. It has announced no more purchase of credits, circa 300m euro pa(TLSA 2/3rds). This is effectively a no-cost revenue stream for TSLA. Other manufacturers will follow Stellantis next 1-2 years.
Hope TSLA continues to make money long crypto as a replacement for the regulatory credits. Now where is that iceberg I am selling!!
It will be interesting to see how much Stellantis pay to get out of the pooling contract that FCA have with Tesla. Tesla recorded $518 million in regulatory credits in the most recent quarter, I have seen it mentioned that about $60 million of those were from FCA. VW was a big buyer in China (and expect to be for another 18 months or so). Unfortunately the VW ID3 seems to be selling in low numbers in Europe, hopefully the ID4 will do better.
The European regulators are unhappy about how little mileage those with company PHEV actual do using electricity. It appears most of them almost never plug in, so look to further regulation and reduction of subsidies there.
Let's hope the Legacy car companies do pull their fingers out and stop gifting Tesla all of that money. In the meantime Tesla would be silly to decline their generous contributions.
If Legacy auto don't get it together the Chinese will eat them alive. Volvo. Polestar, MG, Nio and Xpeng and other Chinese car companies are already dipping their toes in the European market.
As a matter of interest this was in the FCA report for the third quarter of 2020
Regulatory emission credits During the year ended December 31, 2019, FCA entered into multi-year non-cancellable agreements for purchases of regulatory emissions credits in various jurisdictions. At September 30, 2020, these agreements represent total commitments of €0.6 billion, with the related purchased credits expected to be used for compliance years through 2023
Tesla has suspended acceptance of bitcoin for cars on environmental concerns. The issue that is emerging is that fund redemptions seem to be increasing for guys like Cathy at ARK. This is feeding into selling of other stocks similar in nature. I have seen this before become a real problem.
Tesla down over 12% this week and broken down through its 200 day moving average which confirms a new downtrend. Reports are out that their very important Model Y is not selling well in the key Chinese market.
What have ATM shareholders learned about holding shares in a confirmed downtrend in the last 9 months ?
You'd have to be very "brave" to hold Tesla shares now.
Indeed, interesting times ahead for TSLA.
The more we see of the real Musk the less credible he appears. In retrospect I cant help but put his success to date down to good luck and a grand imagination. He may have to pull a rabbit or 2 out of his hat to turn his fortune around from here. He and bitcoin/ doge etc deserve everything coming to them.
I think tesla will do just fine, they are ramping up aggressively and the results will start to be seen next year, good things take time. Supply issues with chips could slow their progress temporarily but its a short term problem. I think the fact crypto crude wants a tesla cyber truck says it all, the younger one I know all want a tesla, they are like an iPhone on wheels
Ironically Tesla will have to write off over $100 million this quarter due to the speculation on bitcoin. Hopefully Elon is now dabbling with something productive like fixing solar. It will be an interesting quarter with prices, costs and demand all up.
I'll have to correct you on your points
- Tesla had revenue of 10.39 billion and 4.22 net profit margin in March.
_Selling Cyber trucks will increase this profit margin
-They are and are planning to go full self driving with there most updated beta due for release soon, this is a threat to taxi companies worldwide.
-Tesla is selling carbon credits because they will always have businesses that need them.
-Btc is just a store of value for their oversupply of devaluing cash and preference over company bonds
-Many people can't afford a ford ranger but you will be able to purchase the base model of Cyber truck at the same cost as a new For ranger.
-What Elon tweets should have no impact on your decision to buy,invest in crypto I think governments have more say we're crypto is going.
I was happy with over 200,000 deliveries and 206,000 made past quarter this should be great for financials.I wouldn't be surprised with a 10% share price increase over the next few weeks.
You are right Crypto, it has been a financial nightmare for the shorters.
I hope you are right and the Europeans get their **** together. In the meantime, despite freight and tax disadvantages the four year old model 3 is whipping European butt in terms of EV sales in Europe. In China the Europeans are no where to be seen, In USA the story is similar. Thanks goodness the Koreans and Chinese are in the game.
Great news the Tesla model y has just had its price lowered in China ¥276,000
If we're lucky enough to get the same we should be able to buy a Tesla Model Y for just under 50k.
Then hopefully they will begin manufacturing there 35k model in 24 months.
Imagine owning a Tesla that's the cost of a new Toyota Camry, with no servicing needed besides changing your tyre's and window washer fluid and a fraction of fuel costs..I see 91 unleaded is 2.50.
Tesla will likely be a 1 trillion dollar company in the next 6 to 12 months and with there new giga factories opening they will easily become a 2 trillion dollar company by 2024
There delivering numbers are expected to continue growing 50% per year before tapering off later this decade.
$TSLA is undervalued.
So what happens to Tesla SP when it can no longer earn CC from the USA big automakers which accounts for 1/3 of Tesla earnings?
https://www.marketwatch.com/story/gm...?siteid=yhoof2
Did you know in USA there is a $7500 tax credit for EVs that are not made by GM or Tesla? There is a proposal to change that and start giving credits to GM and Tesla, but the Republicans will try (and so far are successful) at blocking it.
Do you know that VW is a dismal failure as selling EVs in the worlds biggest car market and have been buying credits off Tesla to mitigate penalties there? This is likely to continue for years.
Did you know that two massive efficient new Tesla factories will be open by 2022 doubling or tripling their production potential?
Did you know that Tesla's declared profit is after massive amounts of stock based compensation? This will ease off soon , so declared profits will rise. Cash-flow and debt are far more prudent than most that play in the Auto sector.
Did you know I think Tesla is over valued like the rest of the market?
Did you know in USA there is a $7500 tax credit for EVs that are not made by GM or Tesla? There is a proposal to change that and start giving credits to GM and Tesla, but the Republicans will try (and so far are successful) at blocking it.
No. I did not know that.
Do you know that VW is a dismal failure as selling EVs in the worlds biggest car market and have been buying credits off Tesla to mitigate penalties there? This is likely to continue for years.
No. I do not know that.
Did you know that two massive efficient new Tesla factories will be open by 2022 doubling or tripling their production potential?
No. I did not know that.
Did you know that Tesla's declared profit is after massive amounts of stock based compensation? This will ease off soon , so declared profits will rise. Cash-flow and debt are far more prudent than most that play in the Auto sector.
No. I did not know that.
Did you know I think Tesla is over valued like the rest of the market?
No. I did not know that.
Did you know that I did not know any of the above?
:laugh::laugh::laugh:
Nothing will happen Tesla is already profitable with out carbon credits in each car they sell.
Tesla sell carbon credits to companies that need them and they will always have a market for them,it's real money not from the government.
They are able to use this money to build more giga factories, invest in technology and grow the company hence why the carbon credit was set up, unless every company in the world is going to be carbon neutral this decade Tesla can keep using its income to reinvest and dominant.
As for the internal combustion engine car maker's they are cannibalising there own ice vehicles to try and catch up to Tesla who are moving further and further ahead.
If you're reading what mainstream media reports on Tesla just remember this.
Tesla does not pay the mainstream media and television networks anywhere in the world advertising fees.
0% in advertising.
Tesla promotes itself through its products,word of mouth and a unconventional CEO on twitter.
It's in mainstream media to discredit Tesla because this way of creating a company is a threat to medias, television revenue streams.
Our local media in NZ is already dying out the last thing the need is a company that has grown to one of the biggest companies in the world doing it all by a CEO tweeting on twitter with no media advertising.
(I haven't added that the oil companies owners own most media outlets in America)
Well played Fungus Pudding (雪耳糖水 ?). In the unlikely event that you want some factual information to go with the opinions on this topic you could do a google search on say federal ev tax credit or giga texas or ID4 china sales.
My Tesla $1000 price target for the next 12 months are
Fully self driving introduction
Cyber Truck
Berlin Giga factory
President Bidens electric car tax rebate
And I'm looking forward to the model A launch, I'm planning on buying at least 3 and putting them on the road to work for me 24 hour's a day 7 days a week.. good times ahead!!
(And yes I understand it's not legal yet , thats why the market and my 12 month maximum price target is forward looking)
Arthur, do you have a price target?
I think $1000 in the next 12 months sounds about right, and that in 3 years when these new giga factories are up and running we will be looking back to today and thinking how cheap the shares were.
Engineering expert Sandy Munroe, an ex general motors and ford engineer had some recent interesting comments on the Tesla, he believes they are 5 to 8 years ahead of any other car maker as far as the technology they use in there electric cars, and when asked on who is Tesla's biggest threat, he laughed and said there are none, but when it does eventually happen it will be a new startup specializing in electric vehicles, probably from China, not the traditional ICE car makers
No, but I think it will possibly be bigger than Apple in 2025. If they can solve FSD, solar and energy the price today will look very cheap. By the way Tesla cars in NZ just had another price drop. Drive away standard model 3 is now under $62,000 after the clean car discount.
With all the housing construction going on in New Zealand, developers need to be looking at Tesla housing community , massive profits to be made here
https://austonia.com/tesla-austin-neighborhood
Yeah no one really caught up to Apple,I just don't see anyone catching up too Tesla as they are so far ahead.When they get to we're Tesla is today,Tesla will have morphed into so much more.
25k Tesla
Tesla semi
Tesla van
New Tesla roadster
Tesla insurance
Tesla robotaxi network
Tesla solar
Tesla housing
Tesla charging opposition high rent to use there ever expanding charging stations
I see Doge RAM promoting their new EV .. production starting in 2024 then going full EV 2030..all these companies are so far behind I feel sorry for them.. what's Tesla going to be like at the end of the decade?
Scary.
-The market dropped 40% in March 2020 and Tesla did extremely well so I look forward to buying more shares in the next collapse.
-I am more in love with my trading account balance but yes Tesla comes a close second place.
-Tesla has over 20 billion in cash and btc so I don't see the need for selling assets with growth of 50% for most of the decade..who knows what will happen after that?$
-I think BTC at 60k (which I sold my BTC position at 45k) was mania, you can easily forecast Tesla and it's undervalued.
An interesting info-graphic on Tesla revenues, costs and profits. A couple of months old. Probably worth reading the comments there before making assumptions and/or weird interpretations and then commenting here.
https://www.reddit.com/r/dataisbeaut...visualized_oc/
Shanghai and Berlin are both working on designing smaller cars. In the USA Elon has said he is aiming for a US$25,000 car. Timing of this will require batteries and available space in factories. Margin is likely to be much higher in the $125,000 car than the $25,000 one, but if Tesla can up-sell software to the cheaper cars the sales will be lucrative.
Interesting you tube video comparing the thermal system of the tesla model y to the ford mach-e
https://www.youtube.com/watch?v=m1kH...nnel=MunroLive
It's not interesting,it's an embarrassment to Ford.Lets not forget Sandy Monro says Ford Mach E is Tesla's nearest competition and Ford's Engineering is terrible so I'd hate to see what the other EV vehicles are like..and when they get to we're Tesla is today, Tesla will be another decade ahead of the rest.. game over Tesla, you win take my money!
Interesting earnings this week to say the least - Tesla earned over $1.14 Billion in profit for the quarter by selling 200k cars, surpassing fords $1.1 Billion in profit from selling 784k vehicles (Ford actually had a loss from its vehicle division - all the profit came from non-vehicle operations).
a sign of the times.
Interesting that you think such a fast growing company should trade on a PE of 14 Crypto. Remind me again what the PE of Bitcoin is. Or is Bitcoin just a greater fool theory "investment" with no actual earnings at all?
Two new factories should be producing next year. https://public.flourish.studio/visualisation/467928/ is the growth record so far.
Tesla is a growth company.It has already shown in the last earnings it has the capability to comfortable grow into its valuation.(just wait for the next) The EV market world wide hasn't even begun to get going and when it does , expect a multi trillion dollar company and a share price of $3000 plus.
Looking forward to Tesla A.I day, rumors about on news of Tesla may be entering robotics.Tesla already has the most advanced a.i driving system ever designed , robotics seems like the only natural next stage, but we will see.
Really disheartening Tesla and Elon Musk wasn't invited to the White house for Bidens EV goals this decade.
Yet they invited there union mates car makers Ford and GM.
Politics shouldn't be involved when it comes to the environment and business.
All is not what it seems TG. Biden passed Tesla a perfect hand.
Ice Union president :
"While the UAW notes that the companies have made voluntary commitments on Electric Vehicles, the UAW focus is not on hard deadlines or percentages, but on preserving the wages and benefits that have been the heart and soul of the American middle class."
I read "Tesla will be cheaper to manufacture and more profitable"
Really cheaper tell that to the miners >>> Tesla and other EV makers more minerals >> the miners having to deal with Enviro nightmare of Regs ...
https://www.bloomberg.com/news/artic...to-meet-demand
https://www.reuters.com/business/ene...lt-2021-07-01/
“Ironically, a keener focus on the environmental impact of mining activities has left the industry unable to respond quickly to market deficits through new supply, despite the price being well above an incentive price,” Sporre and Cosgrove wrote.
The irony isn’t likely lost on the top brass of the world’s biggest copper producers. Freeport Chief Executive Officer Richard Adkerson told an industry gathering last week that even if copper soared to $10 a pound tomorrow, it would take his company seven or eight years to get new production to the market.
Tesla raised the price of there cars recently (not plaid) most likely to offset higher commodities cost .
Tesla can afford to do this because they are in such high demand for there products.
There is a wait time of (up to) 8 months which shows people are willing to wait and also pay a premium for TESLA'S.
Jefferies analyst raise TSLA price target from hold $700 to a buy $850 pt