He should have raised more cash then. Factories are billions to build.
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My guess is he needs subsidies from state governments. That’s why he is signaling by tweeting which consists of his recent tweets on ‘texas’, and now ‘ central USA’ .
https://twitter.com/elonmusk/status/1224926442527563776?lang=en
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First AMZN, now TSLA, squeezing the taxpayers (through dumb cities) for $ to fund their capital intensive investment. Almost certain Austin city won’t give incentives. Already many businesses coming.
Reno is a dumb city, but Tesla definitely created a boom.
Factories bring in jobs and swell tax revenue. Tesla wants something in return. Musk is just playing his cards…the US needs Tesla factories in states like Michigan and Ohio.
Tesla Closes $200 Billion Gap to Top Boeing by Market Value
https://finance.yahoo.com/news/tesla-closes-200-billion-gap-152735099.html
Despite Musk’s skepticism, many of the open job listings at SpaceX list a bachelor’s degree or higher education as a basic requirement.
Should’ve rolled my profits into the Y 
oh well.
maybe gotta wait until next year now
He didn’t do any FA, he is an ardent Elon Musk worshipper just like me, a late Steve Job worshipper.
My ex-tenant, a data scientist, told me is cheaper to lease than to own, wonder whether it is true. Anyhoo, I believe for current car owner of many years like me, is not necessarily to buy or lease a new car, unless your car is having many maintenance and repair issues.
Panic!
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Duplicate posting here…
There are plenty of haters of TSLA here, please ignore the following updates.
Even for TSLA cult players, if you have some questions, do not ask here, but find out the answer that helps you !
After this page, now I understand why TSLA skyrocketed last time ! WQJ is great by being blind buyer!!
Here is the analysis I made in last 24 hours whether to lease Model 3 or buy Model 3 in next 3 months, finally decided to lease model 3.
During this process, I see the fundamental difference between GM Bolt and Model 3 (and other TSLA cars).
My friend recently (within last 7 days) leased 3 years GM bolt with down payment $2000 and $400/month for 10000 miles/year lease. It does not have leather seat which is normally $2500 cash sale value, but have security convenience package which is equal to Tesla base autopilot. Assuming same lease interest rate and same residual value between bolt and model 3, I just ignore that value
Bolt costs 2000 (down) + 36*400 (lease) + 2500 (leather) = 18900 + residual cost
Model 3 lease cost from website
Model 3 costs 2000 (down) + 36 * 474 (lease) + 0 (leather default) = 19064 + residual value
The difference is $164 which is very minor difference.
When costs are almost same, model 3 has superior performance as given below:
Model 3 uses computer like screens which may costs $2500 additionally, but it is benefit to consumer. Comparing both, we have superior performance (max speed 145 mph while bolt 92), almost equal range model three is 250 miles/charge while bolt is 259 miles/charge.
For the same (similar costs) Model 3 is far better than GM bolt, which is why I choose model 3 for my next lease car !
For a bolt car sales, if GM makes 15% ($2835 on lease value), model 3 makes same 15% + dealer charges (as there is no middle man) almost 10%. = ($2835+$1890) = $4725
Every base car sales TSLA has $4725 over other competitors.
This is base car comparison, but when it comes to autopilot full function (which is attractive self driving) they charge $7000, but it is software where profit margin is too high, easily $2500 per license.
With multiple models (3,S, X, Y) long range, short range, full function autopilot…etc Tesla mint money crazily. They do not pay dividend to share holder, but the money is used for growth.
By all means, I will soon add TSLA with price around current range (as I have no shares now, sold at $768).
Caution: Market may go down with volatility, viewers must use their own analysis to buy/sell etc. This is my own view and it can go 100% wrong, do not take any action based on this postings.
No further Q&A or responses may be poor or wrong.
First, lease is cheaper for short term, 2-3 years, when you use the car for local/business commute (within 200 miles range).
For long term, 7 - 10 years, owning is cheaper. For long term, go for Model S with 390 miles/charge esp for 10 years using.
Additional benefit to consumers,
- every time you lease (once in 3 years), you may get California rebate $2000 and
- you get car pool stickers every 3 years valid.
- EV technology still evolving, you have a chance to get new models.
- Assuming 5% - 10% capacity drop (EV), any EV car may not lost more than 8 to 10 years.
If someone needs to own, they need mandatory add two more Tesla features,
- Full function auto pilot ($7000 value, Tesla may make appx $2500 profit, or even more as this is software)
- Long range (322 miles than 250 miles) so that 10 years they can keep it. ( $9000 value, Tesla may make $3000 appx)
Regarding panic: It is benefit for deal seekers. Remember, whoever bought homes during peak panic time year 2008-2011, they are the winners even today.
This is where Warren Buffet wins over others, he buys bulk good companies at deep discount value. See his cash 128 billion will go down drastically now. He will buy now during deep discount and he will buy again next deep discount which is 6 to 9 months away. He was waiting for such opportunity.
Have no fear when buying at current low price but choose right companies which has long growth like TSLA.
For all of you that started buying or investing after 2008, it is going to get rough in the next year or two. I have been planning for this nightmare since 2015. Remember the 2017 recession that didn’t happen. Well it is here now. The corona virus is a black swan event just like the 2008 meltdown. Whatever happens in the macro world tend your own garden. Follow your own plan. The bull market is dead. Spend and invest conservatively.
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@Jil Time for you to back up the truck on TSLA. TSLA can borrow billions of dollars at zero interest, may be negative interest soon.
0% is the fed → bank rate. Commercial paper may not drop that much, or even go up (because of risk!)
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Aren’t tesla bonds junk rated? Their cost to borrow will go up in times of uncertainty.
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Realty is Tesla is probably toast till the economy recovers. Expensive EVs are a second car or luxury item. with gas cheap and people pinching corners, their demand is going to be dampened to the autists on wallstreetbets
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I am not attached with any company, be it TSLA or any other, but focus on Tesla as this has growth potential.
We do not know where market settles, until then it is better to stay away or just make speculative trades. It is very likely that market may go down another 20-25% and then stops with some company claiming virus cure/spread containment. At that time, think about TSLA or any company, but not now.
You know I can change my strategy any time being a swing trader !
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Revenue will likely come down but Tesla won’t go bankrupt in the short term.
They still have 6.3 billion in cash on the balance sheet and they raised 2 billion not too long.
We’ll have to see if this crisis is a quarter or 2 event or if it is lasts much longer.
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