Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Koffee
Take it for a spin but bare in mind that once you have tasted the cream you will not want to go back to skimmed milk. I am on my second EV and ICE vehicles just do not compare.
Thanks for all the links and sensible comments Dogberry,now winter is looming I'll have a bit more time to catch up on eberything in more detail.
On a tangent,a client of mine has got rid of his fancy car in favour of a Tesla (blue with white interior)and have been promised that I can take it for a spin as I've never drove one.
My client says its a fantastic drive yet it'll be great to give a review on my own personal experiance.
Ah yes Lucid,the little run around everyone can afford.
At the moment in London its all Tesla,and next year as usual Ill be in London for 6 odd months and lets see how many Lucid I spot.
As you're a shorter Eileen I'm sure Lucid is far the better option for you.
Dog "Oh Eileen if you only knew"
If only I knew what ?
(btw that article seems to confirm that indeed "serious work is done by ICEs". )
"EV start-up Lucid says production of its first cars for customers is underway, with deliveries scheduled to begin late next month."
Another competitor for Koffee not to worry about
Koffee
I should not really post this it could cause some shorters apoplexy but it shows a very well reasoned argument backed by the figures from a very well qualified commentator (check his credentials on linked in) https://www.youtube.com/watch?v=XFiKy_WLxGo
Oh Eileen if you only knew
Diesel Electric trains are pretty large and very heavy and electric motors have no difficulty shifting them.
As for trucks well some companies Volvo included already are making them with electric power trains I have attached a video of a very large heavy duty electric dumper truck. https://www.popularmechanics.com/technology/infrastructure/a28748306/worlds-largest-electric-vehicle-dump-truck/
Chump
I am only invested in Tesla not working for it.
I did look up Charles Ponzi, interesting character very charismatic and a phenomenal salesman. However he never did anything in the investment in currency speculation that the money he raised was allegedly going into. You can easily see what Mr Musk is making almost every time I go out and building courtesy of numerous fan boys with drones on youtube.
I expect the Semi will come out in limited numbers next year when they will have more batteries available because with the demand for Model Y and Model 3 making Semis makes no sense when battery constrained.
Whens it going to burst Chuma?
I think Dogberry is on commission or Tesla's payroll to promote Elon and his Ponzi schemes. Surely you must rationalise at some point and think about all the facts and figures presented before you. Tesla is the torch bearer for this hyper inflated asset bubble about to burst. I would like to see Tesla conquerer the the trucking industry, even the SUV market will do, just to prove the critical side wrong. As pointed out, the demands of a heavier class of vehicle on power are much more difficult to meet than a regular saloon or small passenger vehicle. The big cybertruck with its cartoonist appearance will be delayed into the etheric realm and even if does come out, it will be largely compromised and not what was Initially promised by Elon.
Dog, "You want to know who will buy the Cybertruck"
Dog, and when will they get their CyberTruck, and when were they promised delivery by Elon of their CyberTruck
( btw, do you realise EV engines aren't even suited to trucks and lorries. The power ratio required for the loads for such vehicles can't be met by battery technology and is better suited to ICEs . Conclusion EVs won't ever conquer this market 100% )
It’s seems to me that the competitive advantage that Tesla have is that they don’t need to build ICE cars. 100% focus on business that’s going to drive revenue growth going forwards while all the other manufacturers are scrabbling around trying to find chips for their ICE dog products.
I’ve had two BMW orders adjusted today. One where they can’t supply the tech plus and another where they can only supply the lumbar support to either the driver or passenger side ….
Eileen
Dog, Here is what Ford is actually doing: "Ford: electric vehicle race gives shares a jolt "US carmaker’s stock price has more than doubled since arrival of new chief with big plans for electric products. Ford plans $11bn electric pick-up truck investment with battery maker SK, Plants in Kentucky and Tennessee would employ almost 11,000 workers as carmaker pursues emissions goal"
I'm sure they do have big plans and apparently they have over 120,000 pre-orders for the electric F150 when are these plans going to eventuate between 2025 and 2030. They plan to launch the vehicle for sale in spring 2022 and have 'doubled' the number they will make to 80,000 in the first year. Ford are not saying how much if anything they will make producing it and of course we will be seeing the Osbourne effect on their profitable ICE F150s and as that is pretty much the only vehicle they make money on currently I doubt they will be rushing to produce the electric version even if they can source enough batteries.
You want to know who will buy the Cybertruck well fleet owners spring to mind first, they will not be worried what it looks like if it is 30+% cheaper to run and virtually maintenance free ditto self employed contractors and then hordes of fan boys because it will be fantastic value starting at $40,000.
SmallTrader "Polestar SPAC? If you believe in that SPAC then go and invest but I can assure you that there will not be any demand for their shares."
SmallTrader, here is the alternative view on PoleStar:
"Polestar/Geely: electric vehicle maker offers challenge to Tesla: Swedish group’s ability to increase production quickly adds sparkle to its investor pitch"
Dog: "Now compare and contrast with GM and Ford both of which have more debt than they are worth saddled with ICE vehicle plants "
Dog, Here is what Ford is actually doing: "Ford: electric vehicle race gives shares a jolt "US carmaker’s stock price has more than doubled since arrival of new chief with big plans for electric products. Ford plans $11bn electric pick-up truck investment with battery maker SK, Plants in Kentucky and Tennessee would employ almost 11,000 workers as carmaker pursues emissions goal"
Eileen's TakeAway: IMHO the Tesla CyberTruck is a whiteElephant. I cannot understand why anyone would buy that hideous looking thing . Even if it actually becomes a reality as it is looking more and more like a typical Elon bluster project that won't meet it's deadlines. Ford will eat Tesla's lunch on trucks.
Dog, food for thought thanks.
but regarding "new factories (very soon open by year end "
Do you want a wager that Tesla Berlin will not be open by year end 2021 ?
Jep Eileen and Chump
Lets assume you are correct and the market has a hissy fit and share prices collapse. How much do you think Teslas share price will decline 25%, 50% more?
What will happen to Tesla if that happens. They have small debts around 10 billion and about 15 billion in cash the Grunheide and Austin factories are more than 85% complete so not much more capex required there, they are currently producing cars at a run rate in excess of a million per year and selling everything and still getting longer waiting lists.
Now compare and contrast with GM and Ford both of which have more debt than they are worth saddled with ICE vehicle plants building very low margin vehicles and trying to catch up with EVs which cost them more to make than they can sell them for (practically noboddy is going to buy an inferior EV to a Tesla at a much higher price). So who will go bankrupt first?
When Tesla have ramped up the new factories (very soon open by year end and quickly from there) they will be able to reduce the price of their vehicles (through new innovations like mega cast under-body parts, stainless steel bodies, 4680 battery cells) or will make really high margins or a combination of both.
Tesla do not need to raise more capital so a drop in share price would be far less catastrophic than for the opposition and the likelihood of it leading to bankruptcy for Tesla IMO very slim chance.
smalltrader, you make some interesting points and there is a lot of what you say that i don't disagree with and in fact where I agree with you. For examle, Tesla clearly has a good product that people want
However it is the valuation "bit" where i don't agree. You compare Tesla to Apple . Apple's PE i think is is currently less than 25 and the shareprice never got so far away from reality as Tesla's has become.
Jep has instead put forward a very compelling case as to why that is. You smalltrader will be right until you are wrong.
Still dont know what youve seen before jep,been watching too much Bill Murry?
smalltrader, so "this time it's different" is what you are saying
Jep , cool wise words. As Michael Caine said about his profession, "it's all about the timing" , then so too with investing and stocks like Tesla
( SmallTrader's argument is that "it's different this time" and "you just don't understand" )
Jep,I for one do not believe in climate change,I do not recycle,I want 2 wheels banned from the roads,and I want Mayor Khan jailed for the biggest con of all which is ULEZ.
Mania at its highest order but its law,and as its law its just a win win win for Tesla right across the board.
Jep & Eileen, you both are wasting your time talking about Tesla valuation. This talk has been going on since last year when share price was $500. From $500, it has gone up to nearly $4000 (if there was no split of shares). Now that itself should teach you something that market loves Tesla. From the current valuation to do a multiple, it may not happen anytime soon but the price is not going to drop from here to any lows that you both are expecting.
DB has been patient replying all the technicals but you both are easily discarding the technicals and always coming back with the valuation and profit margins. Do you think only you 2 and Mr. Bury are the cleverst and think can bring Tesla down. It is not going to happen!
You can compare Tesla to Apple in mobile phone market. There were so many models but Apple still is the one that people want. Of course with cars, there are so many beautiful models out there when compared to Tesla but when you look at the market dominance, Tesla is in the top in many regions and in other regions in Top 3. Take a look at NIO, it was compared to be biggest competitor and now see what happened to its share price. Polestar SPAC? If you believe in that SPAC then go and invest but I can assure you that there will not be any demand for their shares. VW CEO warns that electric transition impossible to accelerate due to chip shortage. That is an excuse to cover the sales drop. Tesla still delivered beyond the estimates despite chip shortage.
Tesla brand has immense popularity due to E.Musk. No one wants to buy a compact ID3 or infact any BMW or Audi as people are bored of seeing these names and even electric models are shaped in traditional way. People want something new when they are spending their money and Tesla is the new name, which everyone wants. Doesn't matter how Tesla looks like. People feel luxurious buying a Tesla.
Just go to a Tesla showroom and feel for yourself. I for one do not have a Tesla but when I want to buy electric vehicle then surely it will be Tesla.
Today Tesla closed at $791!!! It looks like it is heading to that $900 figure. Now imagine if Tesla announces a stock split again! It will go crazy!!! NVIDIA did it when the price hit $800. I hope Elon does one more stock split! GLA
Eileen
Volvo are being very cagey on how many Polestar 2 they will produce, which will depend upon demand. Apparently they are aiming for tens of thousands per year, at that sort of as run rate I do not think we need to worry.
Jep
The reason Tesla power has the current footprint size is simple they are seriously battery constrained megapacks need an awful lot of batteries. This problem is now being resolved by Tesla agreeing to buy a vast quantity of LFP batteries from CATL. LFP batteries are ideal for static battery storage where their higher weight and lower power density is less critical than for vehicles. Tesla will not sell a Power pack now unless there is a solar roof included in the deal.
Now what you are saying about the money Tesla are aiming to be much higher margin than the legacy auto industry, now can you tell me any auto industry manufacturer apart from Tesla that is growing at a CAGR of 50+%. Perhaps building two huge multi billion dollar factories (one in Austin Texas and one in Grunheide Germany )and optimising and refitting an old factory (Freemont) and optimising and extending another factory (Shanghai) is where the money is going. What price Tesla shares when they are making ten million cars a year? twenty million cars a year?