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and at around $2.5M per Megapak. When Lathrop gets to 13,000 unit production.
That one factory adds a further $32.5 Billion to the turnover. Nice.
nice find Billy!
With many countries aiming netzero target, we just need Elon to talk more about how Tesla can help with their solar energy business.
After the news of Latrop California Megapak factory development. I thought we might need a thread for Energy sector.
So hot UK news, Cottingham project in Hull goes live 4 months earlier than planned and it has Tesla Megapaks installed by UK based Harmony Energy. Great UK news. 196Mw storage for 300,000 homes, taking power produced from their offshore wind turbines and the largest install to date. Here is an article. https://www.solarpowerportal.co.uk/news/harmonys_196mwh_battery_energy_storage_system_goes_online
There is a share buyback petition going on. If Tesla approves share buyback then hopefully that helps the price to move up.
Well, there isn't much to say at the moment. At $180, SP looks stuck in the doldrums till Q4 results in mid January and 2023.
The only nice news recently, is that Tesla's new Lathrop Megafactory is ramping to achieve 13,000 Megapaks annually, but chow long will that take? 2 years, 3 years?
Got 4 more shares at $185 on Friday. Wish i had more cash available. Roll on 2023
Renewables & EV are one of the biggest growth opportunities out there at the moment. Seems strange to scale it back unless it's a distraction.
I was watching one of the yahoo teams news casts Billy,it'll pop again I imagine.
Heres an interesting article I was reading if Elon bankrupts Twitter.
Tesla Makes Out Better Than Musk If Twitter Files Bankruptcyhttps://www.barrons.com › Autos › Barron's Take
2 hours ago — A report from the New York Times says Elon Musk brought up bankruptcy when talking to Twitter employees. That wouldn't be all bad for Tesla.
Well, if the housing market is slowing down in the US. Then it is probably a good idea to slow the roof tile Solar expansion business. This is a tiny part of the Tesla group, and minimal effect. Meanwhile, Car and Megapak sales increasing.
PS. where was this Solar news from? not seen it?
Elons stopping his solar projects,what next,EV cars?
Gives him more time to tweet what he had for breakfast I suppose.
China Shanghai record production numbers were confirmed yesterday. Further good news for the future, as long as Covid zero policy doesn't bite back again.
October production was new record high at 87,000. So October numbers for Shanghai becomes
previously advised Export 54k, and China local sales 17k. Then, Inventory or in transit at 16k.
DOW rallying, Tesla up 5%!!!
US CPI better than expected!
Buy at the opening? I will buy few on the open
icebilly22, I bought some at 211 and 221 and refrained from buying at 204 as I felt that there would be a drop. Should have taken a hit much earlier and now it is too late.
This week has been too much negative news for Tesla. E selling shares, Twitter news and calling Twitter becoming most valuable company etc and now latest as of last night is the tussle with Biden with Joe asking to investigate Elon companies! I just cannot believe how he likes to invite trouble one after the other. There was no need to ask people to vote for Republicans?
Anyways all those shares from the stock split are on the market available for whoever wants to short!
Hopefully next week could be bit calmer and as we get to the December update on the numbers that you mentioned, I believe it will start to move closer to $200 but you never know what news comes each day!
Elon doesn't know or care where the SP bottom ends up. He only becomes concerned when it is too high for Tesla employees to allocate earnings and buy some shares for their future wealth. That is why Tesla had a 3:1 split, now easier for persons to accumulate shares. Elon is an engineer and like i just heard on a Vid. Elon's companies now need individual CEO's like Gwynne Shotwell is at Space X. Twitter will calm down in time, but it is bad news at the moment.
Only Musk knows where the bottom is I'm afraid,the man has certainly become a liability thats for sure.
I thought $200 would be the low, brought some at 208 and 200, but presently the bottom could be anywhere. Probably get some more next week.
If it drops much lower I'll be adding. I've only got a residual holding these days which I was going to hold onto for sentimental purposes but I still thing the growth story is immense here.
BMW, Mercedes, etc, re still so far behind especially with their ranges. I've got my company car swap coming up and was looking at the Mercedes EQC but it's only doing about 200 miles. Also looked at the BMW X5 Phev but that would be harsher on BIK. Weighing up a model Y performance at the moment.
March delivery is now coming next week is a good sign I think! I hope!
Elon invites the trouble and that is the biggest problem. I always have been cautious in my purchase with Tesla shares but got caught this time. Shares are in oversold territory. If buy low and sell high is the mantra then Tesla is at at ultra low price back to Nov 2020 price! I think there are many waiting to buy in at these ultra low prices. Quick fanning needed on the Twitter story. May be some tweets on Tesla could help or tweet on Tesla investors getting shares of Space X etc. Bloody Elon best at firing on his own foot.
It's all the Twitter nonsense that's had such a damning impact. I've had an order that was supposed to be delivered in March and is coming next week. I don't know if that's a good sign or not. Cars are only showing 3-5 months lead time which has come in quite a bit. Hopefully that's because of increased production rather than a fall in demand.
Share price getting hammered very badly. Each week it is dropping by 20%! I'm really shocked with the amount of selling going on. I hope it is the short bet rather than actual selling so that a short squeeze takes the price up at some point.
Couldn't happen to a nicer dweeb...Slam dunk short now heavyweight engineering companies have all electric offers!
2 Million deliveries will be next year in 2023. This years target is 1.4 Million. It will be close, but probably around 1.3 Million.
Tesla will have to beat all previous highs to do it, only 936,000 by Q3, so difficult, and with present money concerns on every ones minds Tesla will probably not get 2 Million and 50% YoY growth. However, compared to all other Auto companies, they are racing ahead and doing amazing growth. Frigging Twitter causing more downward pressure, Elon sold another $4 Million Tesla shares. Keep thinking of all the 2023 IRA incentives and events to hit the upward trend.
Thank you Billy!
The whole twitter thing is putting off I guess as he is now sailing on 3 boats at a time! Twitter, Starlink and Tesla!
I hope he appoints someone else as the CEO for Twitter and stay away from Twitter for sometime.
Saying Twitter can become the most valuable stock in the world hurts the sentiment of Tesla investors. It is just criminal that one gets sued for not completing a take over deal!
Despite all the Twitter noise, Tesla is no where linked to Twitter so if Tesla is growing YoY then that's all matters. Anywhere close 2 Million deliveries would be lovely. Hopefully things change in December.
It will be in January, reporting on the Quarter 4 results. The only numbers reported at the end of each month are deliveries and factory production. So for November's, it's the first week in December. A 4 week wait from here.
Yes, the SP is disappointing at $207, but it is presently driven down by the Wall st and Global pressures.
Fremont is also at max capacity, and Tesla are bringing over a few personnel from Shanghai to give a further push along.
icebilly22, when is the next update from Tesla please? I hope we recover to atleast $250 before the next update !