The shorts are worried, they saw the Q2 results they know two new Giga factories are about to come online and that the battery shortage that has plagued the company has been solved and whilst we wait for the share price to go up in recognition of this they quiver in dread at the losses they are about to incur. Expect more insidious nasty FUD its all they have.
What about Teslas energy business Elon said in the recent Court case that they have a billion dollars worth of orders for Powerwalls and Megapacks are selling really well too. Then there is autobidder and localised power grids. Elon has stated that he believes that over time the power business will be a least as big as Autos if not larger.
Is there a depression coming (well there must be eventually) any time soon and even if there is Tech companies tend to do really well in depressions.
Teslas are not expensive when compared with ICE counterparts I am talking here of similar performance and total cost of ownership.
Of course there is a carbon footprint to build pretty much anything but if you really look at ICE vehicle emissions just from the tailpipe and bear in mind that burning fossil fuels in an ICE engine is a small part of the carbon footprint (oil rigs oil tankers oil refineries etc etc).
So who will be able to afford a Tesla? It appears to be lots of people, demand certainly is not a problem they sell every car they make and have waiting lists and hardly any inventory just a few days - all with no paid advertising whatsoever. Then there is the next car the small Model 2 cannot be far away I think it most probably is not here already is because Model Y and Model 3 are selling so well.
You make a good point that Elon is very important to the company however I believe that no one is indispensable sure it might have a transitory effect but that is all; Apple had pain when Steve Jobbs died for quite some time but last time I looked they were still going strong.
You obviously weren't listening when they started building the new factories in Berlin and Austin both of which are nearing completion and start of production and will in the fullness of of time (six months of so) be capable of knocking out two million vehicles a year - EACH.
A rampant Tesla bull extrapolates the past compound annual growth rate (56% per annun) into what the future could hold.
Now I know predicting future performance from past performance is fraught with problems and difficulties.
If any company can can grow at a CAGR of 50%+ per year for a prolonged number of years then that company is Tesla.
Its only worrying if you believe the FUD being spread by short sellers and media outlets that make vast amounts from advertising revenues from legacy ICE auto makers and oil companys
Generally people are unaware of what Tesla is doing they seem to think it is just a car with an electric engine and a battery.
With the possible exception of Toyota most legacy car makers outsource much of the vehicle to tiered suppliers (the Chevy Bolt for instance only about 30% GM, all the electrical s / software / batteries supplied by LG Chem). This means to get things changed / improved can and often does take more than a year.
The Tesla way is different https://www.youtube.com/watch?v=C6DDuVY5SGo.
Lithium ion batteries means nothing on its own what is the chemistry? What is the format? and most crucially what is the cost per KW/h?
No much point making 300,000 car batteries that cost two or three times as much as Teslas batteries.
I agree fossil fuels will be around for a while yet but with reducing demand comes lower prices and as producers attempt to suck out as much cash as they can meaning there will be a lot of stranded assets Tar Sands pretty much already gone Fracking in dire straights deep sea and continental shelf on the way out. This only going to get worse for the oil majors with anything other than onshore shallow huge deposits. Trying to make money out of well I wish you luck
That would be a quick way to become a millionaire before going broke.
Solar is the lowest cost generation you can get and getting cheaper and fuel that's free. What the really smart billionaire is doing is building batteries.
How many vehicles do we think Tesla will produce this year? I will go on the record and say 1.1 million.
Next year I rather think it will be very close to 2 million.
When will Tesla have Full Self Driving cracked (not necessarily approved for use by regulators) but a fully working system. I still think by the end of this year and I would not be surprised if at least one regulatory authority will approve it for use.
Now the trillion dollar question bearing in mind that with the new giga-casting technology and 4680 batteries significantly reducing production costs the new factories in Berlin and Austin starting and ramping up production how much will Tesla be worth 31/12/2022? I think a minimum of 1 trillion dollars.
A few breadcrumbs, GM electric Hummer all production capacity sold out (for this year). Ford Mustang Mach E allegedly sold out for this year. Apparently VW ID4 sold out in Sweden and at least one customer in Sweden was not even offered a place on a pre-order or waiting list. Paris announces that diesel vehicles will not be allowed in the city from 2024.
Demand for EVs is very high and legacy OEMs are way behind the curve and will be unable to ramp up production to meet it.
Now where does Mr Musk come into all this?
Tesla also have a huge (and rapidly growing) clean energy business which appears to be focusing on reducing dependence on the grid for domestic power by creating solar power and battery solutions.
The Tesla Semi will do wonders for road haulage hence a considerable order book of end users wanting to evaluate it, there is a problem here batteries for the same quantity of batteries used in a Semi Tesla can build at least 7 cars.
Whilst Tesla is not (as far as I know) working on ships and planes there is a lot of work being done on these by other companies indeed there are already some electric ships running
The chicken and and egg well I thought it had been decided that the chicken evolved from from egg laying dinosaurs and so chicken and egg evolved together.
You really have got EVs all wrong, they are undoubtedly the future and in comparison to fossil fuels create minuscule waste and no tailpipe emissions. EV batteries can be reused for static storage when degraded too much for vehicles and then recycled into new batteries (I say can be because not all are currently I think government should mandate recycling). Again you accuse Elon of lying when where? OK sometimes he is a bit late delivering and the going private mess (when he was under a lot of pressure) in comparison to big Oil CEOs he is choirboy.
Well said but there are some more aspects you need to know. First of all it's all about batteries there is a huge shortage of battery supply and this is not going to change for a long time; legacy OEMs are rushing to build supply as quick as they can but it's not quick enough. The legacy OEMs could have the best EV design and performance in the world (they haven't of course) but if they can only build 50000 EV's a year they are not going anywhere. Tesla is still innovating new processes new battery technology new software advances all driving their costs down and profits up. VW is the only legacy auto maker that stands and chance in the new EV world and they are only going to be building one and an half million cars by 2025.
The accounts are the accounts Elons speculation as you call it seems to have been very accurate through the rear view mirror.
I found this about a spectacularly unsuccessful Tesla bear I found it most informative and interesting.