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From I’ve listened to he want the cars out there in mass in order to capitalise more fully in the lucrative after sales service revenue.
Regards
It is ridiculous that celebrities are complaining about paying just $8 a month for Twitter subscription!
Nothing is free in this world. Will the celebrities do free shows without taking money? Atleast one show?
Facebook copied the idea from Elon and yet no complains on FB!
Ross Gerber is holding 440k shares still it seems! He didn't like price cuts and said there are many levers to pull instead of price cuts. Tesla really need to get that $25k car ASAP. They need factory to produce those $25k cars in big volumes as easily a 1M orders can come in a quarter for a $25k car. They need new factories to meet the demand.
setup new factories in Mexico and more other countries where costs are low and for these investments margins need to be better to make money. I do not think such aggressive price cuts were needed. 30% cut is just too much. Bad move. Hopefully they learn the lessons and stop with the price cuts!
I'm coming into some dry powder next week so this has come at quite a decent time for me. I sold most of my US stocks in Feb to cash in on the decent start to the year but haven't gone back in yet as wanted to see how the bank situation turned out. Seems to be in the rear view mirror for the moment.
Dan the man. He is very entertaining with his phrasology.
It is painful to watch the price go down. My avg is $230 with 25k in. Should have could have added at $105 for £10k. That would have helper break even at $200 I guess. I will not top up anytime soon. I guess it will take a week to forget the results and then moves with wider market. May be trade a little in between. Let's see what broker targets are. Wedbush comments are in?
Yes. $163 as i write this. Could hit $150 like you said in a few days.
'so Tesla Mode Y available for delivery in June and BWM not until September?'
Yeah June is the latest. Site says April to June.
Average waiting time for BMW is nine to twelve months for the higher models. That's going through corporate fleet dept. Not sure how long they would be if you rocked up as a consumer. Although at my local dealer they said they had never seen an I4 M50 let alone have one for demo.
I suppose his plans are to bankrupt competition,I personally wouldve justbought them out rather than crucify everyone with Twitter.
Its al so painful,so very painful.
margins will take a hit when you price cuts are done but it is not too bad and don't think 7% drop in share price is warranted. This 7% figure seem to be a common figure being aimed at by the traders and then price goes down further in next few days. I will top up depending on how low it goes. It could hit 150s tomorrow and even lower next week.
Probably they shouldn't have done such aggressive price cuts so early this year. Inflation is coming down in US and in second half it could fall further with it the interest rates and that could bring back the demand and more orders? I don't know if the plan is to increase the prices again later this year once they know that 1.8M target is possible? If they can increase the price again and meet 1.8M target then that would be awesome. Tesla Energy business is 148% up YoY so that is another segment to look forward to.
so Tesla Mode Y available for delivery in June and BWM not until September?
I’ve got a BMW on order.
Margins miss Wall street expectations slightly. GM drops below 20% to 18.3% for Q1. But energy is go go go. Expect SP to drop a bit.
Wow, Energy ramping well. Over 300% production increase compared YoY. Lathrop Megafactory now at 4Gwh, Megapacks and Powerwalls add to profit line, that is only 10% ramp of 40Gwh capacity, and with Shanghai 40Gwh new factory breaking ground soon. Also, good growth in other services and software this quarter.
Interested . what version have you ordered of the model Y then?
It's mad to think you have have a model Y performance delivered by June at the latest.
I've been waiting since January for my new car which is estimates for end of September and doesn't have a factory slot allocated yet.
another round of price cuts on the eve of earnings, which is not a problem as long as it helps with meeting the delivery target of 1.8M. Market is eagerly waiting with interest on the impact of price cuts on margins. No doubt price cuts reduces the margins but by how much is what matters. Even with price cuts if the margins are not hugely dented then I expect a very good positive reaction. As per reuters, analysts average profit estimate has fallen by about 2.4% in the last three months, which I think is not bad. A little dip may be to $175 and then should start moving back up.
In the current climate any big funds would invest in company that is still making money than taking risk in a company with profits in future. Money is going to companies that are making profits in the high interest rate environment. So definitely Tesla is the one to be in? What other BEVs are making money?
Looks like no interest at all so Imagine tommorow will be pretty lacklustre.
Bit worried about market reaction on the earnings report. We were down by 7% from $207 on deliveries report. It actually climbed 7% before the deliveries report. This time not much movement before earnings. If the numbers are meeting expectations then still it could be dragged but I think $175 could be the bottom. If the numbers are good then back to $210 easily.
Challenge is to maintain record deliveries for 2M full year target and also maintain margins. Demand for Tesla is still massive. Just need to get that cheaper version and rule the majority of the market. Hopefully earnings report add some more news around new models. Hope Elon and CFO pull it off this time. GL
Simple answer here for me is buy each month so your smoothing down the ups and downs of the volatility.
I think Tesla needed to become boring and start functioning and being valued like a regular company. No good having a PE of 1000+. It's just not sustainable when it continually goes up on no news constantly.
Good buying opportunity at this price in my view.
Tesla seems a bit marmite to be. The folk that have one love them and for some people it's just not their cup of tea.
The recent sneak photos of new Model 3 refresh Front look interesting. This car definitely needs some up to date styling, it is overdue. Smaller sized headlight cluster is big improvement. Looking forward to seeing the full reveal later this year.
WoW. That section of the interview was superb. Well done Elon for challenging a biased BBC interview.
"shall i wait till Thursday to see reaction or not?"
If the numbers don't meet wall street expectations then could be a blood bath. But news seem to be around beating the expectations. Forbes think higher highs possible -
https://www.forbes.com/sites/bethkindig/2023/04/14/tesla-stock-what-you-need-to-know-about-q1-earnings/
Not seen it yet but the Twitter purchase was unnecessary. I'm still not sure what he gained out of it. It might his personal interest to have presence in social media but Twitter caused lot of pain for Tesla share price. All his share sales to fund the Twitter purchase was not received well by many investors.
Good thing is that Twitter story is now over. He is now taking about investing in AI and asking money from Tesla investors and SpaceX investors.
We need more news on battery side innovations, his solar energy business, new cheaper model of Tesla, usage of data collected by Tesla of the drivers.
Or even do flying Taxis that another company is already investing. If Elon takes up this idea of flying Taxis then that instills belief in investors that flying Taxis is possible and that will bring whole load of new investors into Tesla.
I read articles that say Tesla is becoming boring but in the current volatile climate boring is better with sustained profits which Tesla is making currently. Next week will prove that profits are still up despite the inflation and recession fears.
Anyone see the Musk BBC interview? Just been watching the full version. Love the way he tied the interviewer in knots over the increase of hateful content on Twitter.