Mega Thread for Tesla Investors

"TeslaInvestors" quoted this:

"No shortage of car carrier trailer, says head of auto haulers group."
​
I certainly don't know enough about the situation to be able to say who is right or wrong, but just a couple of points:

1. It's been pointed out in a Tesla Motors Club forum discussion that this is the peak time of year for demand for car carrier trucks, since legacy auto makers send out their new model year cars and light trucks to their dealers in this season. In other words, it's reasonable to suggest there is a seasonal shortage of car carriers available for rental this time of year, because they're mostly tied up being used for long-term contracts.

2. I see no reason to take the word of some random guy on social media about the current availability of car carriers. I seriously doubt Tesla Inc. is building their own just for the fun of it!
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Pushmi-Pullyu said:
. . . this is the peak time of year for demand for car carrier trucks, since legacy auto makers send out their new model year cars and light trucks to their dealers in this season. In other words, it's reasonable to suggest there is a seasonal shortage of car carriers available for rental this time of year, because they're mostly tied up being used for long-term contracts.

2. . . . I seriously doubt Tesla Inc. is building their own just for the fun of it!
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Elon has once again learned he can't trust regular auto suppliers. This is the reason Fremont builds Tesla seats and makes their own batteries with a captured Panasonic assembly line.

Lutz was right about the number of employees at Fremont being high relative to the production numbers but wrong about the reason. Elon has learned traditional auto suppliers can't be trusted so he ensures supplies by making his own. I admire that.

I'm looking forward next year to Tesla trucks delivering traditional cars to the dealers using Tesla carriers.

Bob Wilson
 
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bwilson4web said:
I'm looking forward next year to Tesla trucks delivering traditional cars to the dealers using Tesla carriers.
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I'll be very surprised if we see Tesla using Tesla Semi Trucks for hauling cars as soon as next year. It's possible they might use one of their existing prototypes for a hauling trip for publicity purposes, but I don't see Tesla making actual production Semi Trucks for at least a couple of years.

Still no word on where the Semi Truck is to be produced, or where/how it will be serviced.
​
 
Pushmi-Pullyu said:
"TeslaInvestors" quoted this:

"No shortage of car carrier trailer, says head of auto haulers group."
​
I certainly don't know enough about the situation to be able to say who is right or wrong, but just a couple of points:
Click to expand...
I have tried to avoid posting to this thread as postings seem to get personal. Let me therefore make a generic comment. The key issue in logistics of the delivery chain is "Are the empty carrier trailers available in the Fremont CA area and they are able to carry loads to where the demand is?" If there a car carrier in Detroit, it is of no use till reaches Fremont. If it in Fremont and is already going to be taking a half a load to Fargo, ND, can the driver take a few cars and detour to some other place needed en route to say Denver? In the short term it is not total system capacity, it is the local capacity that matters. If someone can tell me there is enough local capacity where Tesla needs them, that would be a different issue.
 
bwilson4web said:
I do not have 58 minutes to waste watching the talking heads. Fortunately the description has one huge paragraph (see post script.) The ignorant could read it and walk away shaking their heads because it leaves off:
Buyers will stand in line to pay more to get the best:
tyvy60hgcamjlueifr99.jpg


Seven days and counting.
Bob Wilson
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That's a really old picture. Believers and the faithful waiting to get "baited and switched" for the $35k best car ever!
Here is a picture some guy posted, fresh from the press, of the presumed to be very busy delivery center at Fremont.
Lot seems full of inventory but not too many buyers - the real bottleneck?
aaaa.webp

Not surprising that we see this now!
But. but.. every car made is aleady sold? Hmm. Crazy times.
https://www.bloomberg.com/news/arti...ntives-taps-volunteers-in-end-of-quarter-rush
"Tesla Is Offering Customers Incentives in an End-of-Quarter Push"
 
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interestedinEV said:
I have tried to avoid posting to this thread as postings seem to get personal. Let me therefore make a generic comment. The key issue in logistics of the delivery chain is "Are the empty carrier trailers available in the Fremont CA area and they are able to carry loads to where the demand is?" If there a car carrier in Detroit, it is of no use till reaches Fremont. If it in Fremont and is already going to be taking a half a load to Fargo, ND, can the driver take a few cars and detour to some other place needed en route to say Denver? In the short term it is not total system capacity, it is the local capacity that matters. If someone can tell me there is enough local capacity where Tesla needs them, that would be a different issue.
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Russ is LA times; so California for sure. Why will he even go looking for trailers in Michigan? But good try.
“There’s no shortage that I know of,” said Guy Young. As general manager of the Auto Haulers Assn. of America, he would know. “There’s a general shortage of drivers, but we’ve got a lot of members with drivers and car carriers who could supply what they need.”
- Means no shortage anywhere. Within a day, truckers can definitely congregate at Tesla's Fremont factory from the entire west coast if there is a call.

One catch is that they all need payments to pay their own people and feed their own mouths. Looks like not too many Tesla faithful semi truck drivers willing to volunteer for free so Elon can keep buying more mansions and fly around in his nice plane. :)

What's really strange, is that half of Tesla's US sales are in California, and half of that right where it is produced (SF bay area).
So these don't even need car carriers. I don't know why Elon keeps whining about non existent issues but doesn't solve the issues that do exist.
 
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bwilson4web said:
Elon has once again learned he can't trust regular auto suppliers. This is the reason Fremont builds Tesla seats and makes their own batteries with a captured Panasonic assembly line.

I'm looking forward next year to Tesla trucks delivering traditional cars to the dealers using Tesla carriers.

Bob Wilson
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I have doubts about the reasons. But this also makes the seats in $100k+ cars squeak within a few weeks. :)
And this may be the reason tesla's losses are magnified.
 
interestedinEV said:
In the short term it is not total system capacity, it is the local capacity that matters.
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Right, and it's not just local capacity in Fremont. Tesla uses trains for long-distance cross-country shipping, so they also need car carriers available to take cars off trains and on to the next stage(s) of their delivery routes, in various regions of the country.

Furthermore, since it looks very much like Tesla is about to start deliveries to customers in Europe, they will soon need more "autotransporter" trucks for that market too.
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Elon is finally sued by the SEC. Many more lawsuits to come. Shareholder lawsuites, consumer lawsuits. DOJ lawsuit, California labor safety lawsuit, employee lawsuits.
https://www.bloomberg.com/news/arti...ities-and-exchange-commission-docket-jml0doi2

SEC press release at 5 p.m. (probably eastern time?)
Case details now available. Here is the interesting part. Good to see that US laws still do exist to rope in the defiants.
NATURE OF PROCEEDING AND RELIEF SOUGHT
7. The Commission brings this action against Musk pursuant to Section 21(d) of the
Exchange Act [15 U.S.C. § 78u(d)] to enjoin the transactions, acts, practices, and courses of business alleged in this Complaint and to seek orders of disgorgement, along with prejudgment interest, civil penalties, and an officer and director bar against Musk, and such further relief as the Court may deem appropriate.
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It was a brief announcement without adding to the legal filing. Even the written SEC announcement had more detail than this video. Worse, the audio is only on one channel and that was the dead channel of my ready ear buds.

Going back to the legal filing: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rESU9sUHniuA/v0

I. Finding that Defendant violated the provisions of the federal securities laws as alleged herein;

To be determined at trial. There is a open question of intent versus ignorance.

II. Permanently restraining and enjoining Defendant from, directly or indirectly, engaging in conduct in violation of Section 10(b) of the Exchange Act [15 U.S.C. § 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. § 240.10b-5];

Citing the statute, kinda redundant.

III. Ordering Defendant to disgorge, with prejudgment interest, any ill-gotten gains received as a result of the violations alleged herein;

Facts not detailed in the allegations. Had Musk sold or bought stock at the time, game, set, point but I didn't find Musk had made any gains in the allegations. Can you find any?

IV. Ordering Defendant to pay civil penalties pursuant to Section 21(d)(3) of the Exchange Act [15 U.S.C. § 78u(d)(3)];

Pay the fine after adjudication.

V. Ordering that Defendant be prohibited from acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act [15 U.S.C.
§ 78l] or that is required to file reports pursuant to Section 15(d) of the Exchange Act [15 U.S.C. § 78o(d)]; and

This is a sensitive point because Musk is the chief engineer. Loss of his engineering expertise would be the SEC fatally shutting down Tesla.

VI. Granting such other and further relief as this Court may deem just, equitable, or necessary.

Pointing a finger and saying TISK TISK TISK.
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So I'm fairly calm about this as I was before. There will be a stock price joggle but the Q3 financials will answer how the company proceeds into Q4.

Bob Wilson


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How Elon brought on his own demise. It was going on for a while though. Passing on cryptic messages on twitter, false promotion of various services and products on twitter and tesla website, paying reputation.com for bot followers to look more powerful than he really is, openly taunting short sellers, etc. etc.
Then he called New York times to admit his guilt on the privatization rumor he started during an open market session.
I feel bad (ok, tiny bit) for the longs and shorts who got destroyed by that fraudulent tweet..
Thankfully, I had the commonsense to disbelieve anything and everything Elon says.

https://www.cnbc.com/video/2018/09/27/musk-could-still-be-an-important-piece-of-tesla-he-just-couldnt-run-the-thing-stewart.html?&qsearchterm=musk could still be an important
 
"TeslaInvestors" quoted from the SEC lawsuit:

...and an officer and director bar against Musk...​

Unlike virtually all of the comments from hardcore Tesla bashers, this one is actually worthy of notice, and deserves some serious discussion. This is saying the SEC wants Musk to step down as CEO of Tesla, and in fact wants him to no longer be a member of the Board of Directors (who are "corporate officers").

I note that Tesla's stock is down significantly (~$40) in after-hours trading today. Those "short" investors who stayed in, will be happy tomorrow. I still think they would be advised to sell their position before Tesla announces end-of-quarter earnings, but I could be proven wrong here.

I've been saying for some time that it may be time, or past time, for Musk to step down as CEO of Tesla. But I would far rather see that happen voluntarily, or by some gentle persuasion from the Board, rather than Elon being forced to step down by the SEC!

And Tesla really needs Elon to stay on the Board, as head of investor relations. I think Tesla would do just fine with someone guiding Tesla on a more steady course, but Elon is apparently a world-class talent at recruiting investment money, and it would be a serious blow to Tesla to no longer have him as head of investor relations. I think it's very unlikely they could replace Elon with anyone who would to as well at raising investments and funding.

All just the opinion of someone who's not a "financial guy", of course. Tesla continues to have interesting times ahead...
;)
 
You know the court case will take a while to get going. Hopefully in 2019 so we can see the Q4 results.

Bob Wilson
 
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