TSLA corporate outlook

cwerdna said:

Haven't had time to follow but it was bizarro their stock was up after hours to $876.

Maybe they lost less $ because they had to stop production at Fremont due to our Bay Area shelter at home orders? Build fewer cars == lose less money?

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I think that their stock went up because Ford and Rivian just announced that their F150 EV (and maybe the Rivian as well) is dead. Unfortunately...

LeftieBiker said:

cwerdna said:

Haven't had time to follow but it was bizarro their stock was up after hours to $876.

Maybe they lost less $ because they had to stop production at Fremont due to our Bay Area shelter at home orders? Build fewer cars == lose less money?

Click to expand...

I think that their stock went up because Ford and Rivian just announced that their F150 EV (and maybe the Rivian as well) is dead. Unfortunately...

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Cancelled instead of delayed caught my attention . Tesla's odds are not perfect for coming out of this mess but the best of any car makers in the world in my current view of the future.

LeftieBiker said:

cwerdna said:

Haven't had time to follow but it was bizarro their stock was up after hours to $876.

Maybe they lost less $ because they had to stop production at Fremont due to our Bay Area shelter at home orders? Build fewer cars == lose less money?

Click to expand...

I think that their stock went up because Ford and Rivian just announced that their F150 EV (and maybe the Rivian as well) is dead. Unfortunately...

Click to expand...

Having read more, I (hopefully) made a mistake. What got cancelled was a Rivian-based Lincoln SUV only. The F150 EV seems to still be on track for release in 2021...

LeftieBiker said:

Having read more, I (hopefully) made a mistake. What got cancelled was a Rivian-based Lincoln SUV only. The F150 EV seems to still be on track for release in 2021...

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Yes, that was my take on the news item that I read. Still hopeful that the Ford and Rivian do ok with coming EVs, just expecting more delays.

Looks like Elon had melt down today.

Reckon this will get the SEC's attention.

https://www.businessinsider.com/elon-musk-selling-belongings-house-tesla-stock-2020-5

leaf16 said:

Looks like Elon had melt down today.

Reckon this will get the SEC's attention.

https://www.businessinsider.com/elon-musk-selling-belongings-house-tesla-stock-2020-5

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I think he keeps their attention 24/7/365.

I think his tweet got delayed in transit, and was sent a month ago. Either that, or someone really needs a psych health check. :?

Today’s auto industry forecast. Tesla is looking ahead, any ICE manufacturer is looking back.

Elon threw a tantrum today, threatening to move Tesla HQ and the factory out of California because Alameda county won't let him re-open yet,vand he also says he's csuing the county. He's going to take his ball and go home! :roll:

There are articles at IEVS, ABG and general news sources.

Actually, he wants to take his ball to Texas.

Or Nevada, or really anywhere where they let him play what he wants, when he wants.

I thought TX was still a stick in the mud about direct sales.

smkettner said:

I thought TX was still a stick in the mud about direct sales.

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It would be ironic if that opposition remained if TSLA moved their HQ and manufacturing there.

Here's a tweet from Ted Cruz replying to and welcoming Elon: https://twitter.com/tedcruz/status/1259251832385417217?s=20.

California Gov. Newsom says he didn’t know Tesla reopened its factory, defying coronavirus orders
https://www.cnbc.com/2020/05/11/newsom-says-he-didnt-know-tesla-reopened-factory.html

Currently has a link to https://twitter.com/elonmusk/status/1259945593805221891?s=20.
"Elon Musk @elonmusk · 1h
Tesla is restarting production today against Alameda County rules. I will be on the line with everyone else. If anyone is arrested, I ask that it only be me."

"If anyone is arrested, I ask that it only be me."

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Yes, that would save him quite a bit of money, wouldn't it?

https://www.greencarreports.com/news/1128107_musk-announces-tesla-hq-is-leaving-california-threatens-moving-assembly-out-too

He is learning what Toyota knew decades ago.
And just like that being in California isn't so cool anymore.

^^^
On that note, Toyota moved their NA HQ from Torrance, CA to Plano, TX: https://www.dallasnews.com/business/local-companies/2017/05/15/moving-day-toyota-s-transition-starts-as-employees-check-out-new-plano-headquarters/. I drove around the outside of their campus years back, before they moved when I was down there for a visit.

Nissan moved their NA HQ from So Cal to TN over a decade ago: https://www.nytimes.com/2005/11/10/business/nissan-to-move-us-headquarters-to-tennessee.html.

NUMMI in Fremont, CA (which is now Tesla's) was an old GM plant that got shut down and was empty for a long time. Then, GM and Toyota did a joint venture for a LONG time. But then GM went into dire straits and pulled out, leaving Toyota, who then decided it wasn't economically viable (IIRC) so they closed too, selling the plant to Tesla.

NUMMI in Fremont, CA (which is now Tesla's) was an old GM plant that got shut down and was empty for a long time. Then, GM and Toyota did a joint venture for a LONG time. But then GM went into dire straits and pulled out, leaving Toyota, who then decided it wasn't economically viable (IIRC) so they closed too, selling the plant to Tesla.

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I guess that Tesla is (was?) building cars where they built my ex-GF's old Corolla. Chevy...ahh, the name escapes me: they were re-badged Corollas with more standard and optional features...were built alongside the almost identical Corollas. Geez, I just got up from a nap, and can't for the life of me remember the name of the Chevrolet version of the 90's Corolla. Oh well. Call it the Model 3.

Geo/Chevrolet Prizm.

GRA said:

Geo/Chevrolet Prizm.

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Yep. https://en.wikipedia.org/wiki/NUMMI#Models_produced looks right. Before Prizms, I do remember the Chevy Novas that were basically Corolla clones.

I toured NUMMI when it was still open and producing vehicles for GM and Toyota. At the time, IIRC, the guide mentioned up to that point, they hadn't ever had any layoffs.

As I posted in another forum:
"The guy who spoke to us at the beginning of the room was a funny guy. He read partly from a script and laughed at some of it (e.g. "you are here") and went slightly off-script mentioning the Toyota Matrix (basically Toyota version of the Vibe) was stolen more often."

Anyway, there were other other auto assembly plants in California that are no longer. I was looking up a former GM plant in So Cal and stumbled across http://www.laalmanac.com/transport/tr04.php w/many I didn't know of. https://en.wikipedia.org/wiki/San_Jose_Assembly_Plant was closed for AGES (I remember passing by the closed buildings when I had to go to a place in Milpitas for PCs/PC parts) but now really is https://www.simon.com/mall/great-mall. There's a historical display inside about its past as an auto plant.