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Nice bounce today with Nvidia pulling along the growth companies despite recession and debt ceiling news.
Regarding Nvidia, I have a very small amount there but a profit of £1500 is not too bad. I could have had more profit but sold few shares very early at $190 otherwise could have had good profit. I guess I will hold Nvidia for as long as AI boom runs.
Strike.
One reason inventory will be at an increased level than previous years, is because Tesla now have good production rates coming out of Austin and Berlin, and also, Tesla leveling out the old supply wave surges; this creates a larger volumes of vehicles in transit. i.e inventory. You are wasting your concerns on this item. Teslas are being bought and the Modle Y just became the best selling EV/car in the world. 2032 will be epic. $250 will come back.
I think this has gone some way to run on the broader tech rally.
I've got a big position in apple as well so quite happy with how my US shares are doing.
Recently traded Meta as well but wish I had hold on now as it keeps going up as well.
If only that bloody Twitter was not touched by Elon!
2022 downfall was because of Twitter chaos and his selling of the shares to fund the purchase.
Only a wider market rally seem to push the Tesla price. Any news of its own is only taking it down further!
Share buyback is one option to prop up the price but they need money to build more factories so can't see share buybacks happening.
We need profit margins to improve, inventory to be cleared and new cheaper models built to grab EV market share.
This year Ron Baron had $1600 price target for Tesla by 2030!
I just need $250 for break even.
Looks like a small gains this week. May be cash out your trading pot by tomorrow Wolf?
I've bought back in today. Exited at $205 and brought back in at $158 so quite chuffed with that.
4% bounce yesterday! wonder why?
“While skeptics may focus on less than 20% automotive gross margin, we think an obsession with this metric is unwarranted,” Piper Sandler analyst Alexander Potter wrote in a note. “Once the dust settles, Tesla should bounce back.”
Sliding every day.
Next quarter atleast need some solid news.
Without price cuts they cannot meet delivery numbers but that hurt margins hitting a 2yr low.
What can turnaround this?
I think inflation need to come down first and mild recession should help improve margins and delivery numbers?
Jefferies analyst forecasting 19% margin for 2023 Fcf down by 44% to $7.3billion!
If Tesla can improve these numbers by year end then chance to get back to $200
The executive shared some details about improvements in production output this quarter and focused on reducing costs going forward in preparation for Cybertruck volume production:
We made significant improvements in both areas. On Texas production, we increased 50% quarter-over-quarter, through yields increased 12% and peak rate increased by 20% and through yields improved by 20%. Altogether, the team accomplished a 25% reduction in COGS over the quarter and we are on track to achieve steady-state cost targets over the next 12 months. And going forward for the rest of the year, the priority one is to yield in cost for the 4680 program as we steadily ramp production ahead of Cybertruck next year.
Baglino gave an update on that front:
Structural pack, we saw big improvements with pack manufacturing with the 4680 cell on the structural pack concept, 50% lower capex and 66% smaller factory with the same output in gigawatt hours per year. We do believe structural as a concept is a good one. It’s simpler. We’ll continue to structurally load the cells and use the pack as the floor of the vehicle while iterating the design to closer to B-level execution of this A-level architecture in future programs. And zooming out for the 4680 team Q1 was all about cost and quality.
https://electrek.co/2023/04/21/tesla-update-4680-battery-cell/
The automaker claimed a potential to reduce battery cost by over 50% with the new design; it has been trying to bring it to volume production since, but it has run into some bottlenecks.
In a conference call following the release of its Q1 2023 financial results, Tesla gave a detailed update about its 4680 battery cell production.
Drew Baglino, Tesla’s senior VP of engineering, said about the 4680 cell:
On Battery Day, we established a cost-down roadmap through 2026 across five areas of effort. There was the cell design we discussed; anode and cathode materials, the structural pack concept, and the cell factory itself. We’ve been making progress across all these aspects since then. For the Cell Factory, for the Texas 4680 factory, we are part way through building and commissioning and installing and operating, will be 70% lower capex per gigawatt hour than typical cell factories when fully ramped in line with what we described on Battery Day. And we’re continuing to further pursue densification and investment reduction opportunities in future factory buildouts like in Nevada.
Tesla is producing 4680 cells at its pilot plant in Fremont, but it is expected to reach higher volume production at Gigafactory Texas, which is the “cell factory” Baglino is talking about here.
Agreed, In the next couple of years i can not see FSD working that well outside of America, It will take a lot longer to refine it for wiggly congested roads than the easier grid layouts and wider roads of most US cities. But what is occurring via FSD Beta testing is a refinement and constant learning of the algorithms, which will give a Teslabot a working brain. here is a guess, First bots in a Giga factory next year.
Isn't this where AI will kick in and make the dream a reality?
to increase to ramp output? In the news today.
I thought Tesla already invested all that needs to deliver > 1.8M this year? May be the additional costs are for Cyber Truck production in Q3?
Really need some good news to hold on to 160s atleast.
I have seen driverless taxis in Arizona and they are in operation since more than 3 yrs but I agree it is difficult in a busy city. Can't imagine it can work in countries like India!
I really cant see Robotaxi ever working in a city Billy,I follow chess quite a lot and chess programmes are now unbeleiveable yet still struggle to a point where a grandmaster can force it to lose its self as it still cant understand humans deviousness so to speak to the full.
I still think self drive is a long way off and maybe a decade way being generous.
ARKS figures are based from a lot of RoboTaxi income, but i think they are expecting too much revenue from this. i wouldn't want my expensive car taken by just anybody. It world need cleaning everyday, and i would not be able to rest . Imagine watching your own car on a google map travelling along roads , gods knows where. Robotaxi will only work in volume with a fleet operator, or is it just me.
I wouldn't say genius or fruit loop,just basic common sense in that she gives a horse tip with other peoples money and takes her cut no matter what it does.
As long as she buys in millions that's all I need!
Cathy Wood had a $3000 target at one point. She's either a genius or an absolute fruit loop.
Strike.
Remember a lot of the price cuts are to get back down to car prices before the commodity price bubble. Prices went up for over 18th months!. So it is not a direct 30% cut.
Those price targets by Cathy are not realistic but such price targets help atleast support the current price and many investors will be happy if the price hits $300 again!
I think once the inflation is in back door, Tesla will soar. Hopefully second half has mild recession and money comes back into growth stocks. There is lot of money sitting on sidelines.
Cathy bought yesterday but still it dropped by 10%. Hopefully her purchases gives assurance to those who are thinking of selling for loss.
In another news Tesla increased prices of Model S and Model X! Finally that is some good news?
Wood’s firm disclosed it bought 219,810 shares of Tesla in its flagship Ark Innovation ETF and another 36,213 shares of Tesla in its Next Generation Internet ETF.
Staunch and longtime Tesla bulls, Wood and Ark also released their projections for the automaker's future stock performance on Thursday, offering up quite the rosy picture.
Ark set a $2,000 base case scenario for Tesla’s share price in 2027, an 11-fold increase, setting its bearish forecast at a $1,400 share price and bullish at $2,500, eight-fold and 14-fold respective jumps
Driving Ark’s lofty expectations for Tesla were its forecasts for the company’s robotaxi, or driverless ride hailing, segment, projecting $200 billion in 2027 revenue from the unit in a bearish scenario and $613 billion in a bullish case, a seemingly tall ask for a division that currently brings in no revenue.
A 2022 Fortune Business Insights report predicted the global robotaxi market would surge some 6,000% from $1.7 billion to $108 billion from 2021 to 2029, still far, far short of what Ark expects just Tesla to rake in by 2027 in the unit. No analyst has a price target for Tesla above $310, according to FactSet.
https://www-forbes-com.cdn.ampproject.org/v/s/www.forbes.com/sites/dereksaul/2023/04/21/cathie-woods-ark-buys-42-million-in-tesla-predicts-1100-rise-for-the-slumping-stock/amp/?amp_gsa=1&_js_v=a9&usqp=mq331AQIUAKwASCAAgM%3D#amp_tf=From%20%251%24s&aoh=16821076724753&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fdereksaul%2F2023%2F04%2F21%2Fcathie-woods-ark-buys-42-million-in-tesla-predicts-1100-rise-for-the-slumping-stock%2F
I think it will be a few years to get more factories up and running. To get to a 25k car from current factories will need those factories to be re-built (i mean install latest tech/fabrication) - which would interrupt current output. It's a slower burn... as ever with Musk on Tesla - promises promises...