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TSLA Jumps
Posted by: ztirffritz
Date: April 29, 2020 03:28PM
TSLA jumps almost 8% after reporting stronger than expected financials reaching $850/share.

[ir.tesla.com]



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Edited 1 time(s). Last edit at 04/29/2020 03:28PM by ztirffritz.
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Re: TSLA Jumps
Posted by: NewtonMP2100
Date: April 29, 2020 03:43PM
....thought that it might have jumped off the roof......



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Re: TSLA Jumps
Posted by: ztirffritz
Date: April 29, 2020 03:52PM
$870



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Re: TSLA Jumps
Posted by: NewtonMP2100
Date: April 29, 2020 03:54PM
....it was riding high before the pandemic....then fell like everything else......good to see it going back up.....



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Re: TSLA Jumps
Posted by: ztirffritz
Date: April 29, 2020 03:58PM
I predict Ford will file for Bankruptcy protection by the end of the year.



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Re: TSLA Jumps
Posted by: space-time
Date: April 29, 2020 04:00PM
Quote
ztirffritz
I predict Ford will file for Bankruptcy protection by the end of the year.

I hope you are wrong.
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Re: TSLA Jumps
Posted by: Carnos Jax
Date: April 29, 2020 04:20PM
No one hopes any company will fail. Unfortunately quite a few of the big auto makers will inevitably go bankrupt. This is the logical consequence of their own greed and ineptitude

The same thing happened to BlackBerry, Nokia and Motorola (OK maybe not bankrupt but Lassley diminished). The same would have happened to the legacy American, European, and Russian space ‘agencies’ had it not been for government ‘subsidies’ propping them up.

All of them knew profitable electrics could be possible, well before Tesla came on the scene. They just sat on their asses and stifled innovation to maintain the status quo for their current short-term profits. Even when tesla finally appeared, due to conventional wisdom which was based on FUD, they believed Tesla would fail. As a result, they ceded too much technological ground to Tesla, Ground that can only be made up by spending the adequate years in research and development of their own battery technology (there is no shortcut around this). Unless Tesla shares their technology with the rest of the field, the rest are mostly doomed.
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Re: TSLA Jumps
Posted by: PeterW
Date: April 29, 2020 04:48PM
Oh please. Tesla sells about 2% of all vehicles sold in the USA. GM and Ford may have problems but Tesla stealing all their sales isn’t one of them.
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Re: TSLA Jumps
Posted by: samintx
Date: April 29, 2020 04:55PM
Quote
PeterW
Oh please. Tesla sells about 2% of all vehicles sold in the USA. GM and Ford may have problems but Tesla stealing all their sales isn’t one of them.

Right and I don't care how smart Elon is to me he is a jerk.
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Re: TSLA Jumps
Posted by: Carnos Jax
Date: April 29, 2020 04:58PM
Steve Jobs was a jerk too. And the major automobile companies going bankrupt is not something we’re talking about this year or even the next few, we are talking about long-term eventualities here, was that not obvious?
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Re: TSLA Jumps
Posted by: Carnos Jax
Date: April 29, 2020 04:58PM
And by the way, Tesla only has half of 1% of the car market.
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Re: TSLA Jumps
Posted by: PeterW
Date: April 29, 2020 05:02PM
And by the way,Tesla itself claims they sold 370,000 cars in 2019. With total sales of 17,000,000 in the US, that’s about 2%. If you have different numbers to share, please do so.
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Re: TSLA Jumps
Posted by: Carnos Jax
Date: April 29, 2020 05:08PM
Interesting, you’re painting a better picture of the situation than I would’ve. That half percent sounded pretty depressing to me. I’ll have to go check it out.I wonder if I’m thinking about worldwide Automotive sales?



Edited 1 time(s). Last edit at 04/29/2020 05:09PM by Carnos Jax.
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Re: TSLA Jumps
Posted by: sekker
Date: April 29, 2020 06:03PM
Musk needs to have someone steal his iPhone and delete Twitter until we have a vaccine. It's hurting TESLA, and that is not a political statement.
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Re: TSLA Jumps
Posted by: Carnos Jax
Date: April 29, 2020 06:10PM
Oh man, has he said something stupid again?!
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Re: TSLA Jumps
Posted by: NewtonMP2100
Date: April 29, 2020 06:32PM
....yup......he does it again....



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Re: TSLA Jumps
Posted by: Lizabeth
Date: April 29, 2020 07:23PM
A Tesla car is a forever car, keep that in mind.
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Re: TSLA Jumps
Posted by: space-time
Date: April 29, 2020 08:18PM
Quote
Carnos Jax
Steve Jobs was a jerk too. And the major automobile companies going bankrupt is not something we’re talking about this year or even the next few, we are talking about long-term eventualities here, was that not obvious?

my response was to this comment: I predict Ford will file for Bankruptcy protection by the end of the year.
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Re: TSLA Jumps
Posted by: space-time
Date: April 29, 2020 08:19PM
Quote
Lizabeth
A Tesla car is a forever car, keep that in mind.

they probably last longer than an ICE, but they do need new battery and there is wear and tear.
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Re: TSLA Jumps
Posted by: mikebw
Date: April 29, 2020 08:25PM
Quote
space-time
Quote
Lizabeth
A Tesla car is a forever car, keep that in mind.

they probably last longer than an ICE, but they do need new battery and there is wear and tear.

Agree, they will last longer, but accidents will happen, and there seems to be a new model out every few years now.
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Re: TSLA Jumps
Posted by: DeusxMac
Date: April 29, 2020 08:49PM
Studebaker-Packard: RIP 1966

Kaiser-Willys: RIP 1970

American Motors (AMC) (Hudson + Nash): RIP 1987
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Re: TSLA Jumps
Posted by: Carnos Jax
Date: April 29, 2020 09:03PM
Quote
space-time
Quote
Carnos Jax
Steve Jobs was a jerk too. And the major automobile companies going bankrupt is not something we’re talking about this year or even the next few, we are talking about long-term eventualities here, was that not obvious?

my response was to this comment: I predict Ford will file for Bankruptcy protection by the end of the year.

Sorry space, I completely missed that important point in his post. I think what happened was that I often hear how the major auto makers may have some bankruptcies, and I think I just interpreted the post as a general long-term prediction.
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Re: TSLA Jumps
Posted by: deckeda
Date: April 30, 2020 06:55AM
2020 was supposed to be Tesla’s year. Showing a decent but milder profit represents a huge loss for them.

Quote
Carnos Jax
Oh man, has he said something stupid again?!

They shut him off during the earnings call. Claims of fascism, citizen imprisonment and other dire warnings to the American Way of Life.

I’d recommend to anyone living in CA check to see if the sky is falling, or if perhaps “something else” may be in the air. Literally.
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Re: TSLA Jumps
Posted by: ztirffritz
Date: April 30, 2020 07:39AM
They did better than Ford or GM. Ford’s executive team salary was more than the company’s profits.



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Re: TSLA Jumps
Posted by: Carnos Jax
Date: April 30, 2020 08:24AM
LOL, what an idiot.....thanks deckeda.
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Re: TSLA Jumps
Posted by: ztirffritz
Date: April 30, 2020 09:09AM
I'll agree that Elon's balance of medications seemed to be a little off during the call..



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Re: TSLA Jumps
Posted by: sekker
Date: April 30, 2020 12:50PM
2020 was still a growth year for TSLA, not a year for profits. Too many new factories going online.
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Re: TSLA Jumps
Posted by: NewtonMP2100
Date: April 30, 2020 01:05PM
.....KrissKross......makes you wanna'.....jump.....jump.....



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Re: TSLA Jumps
Posted by: Paul F.
Date: April 30, 2020 03:47PM
Quote
sekker
2020 was still a growth year for TSLA, not a year for profits. Too many new factories going online.

Yup... I'm not expecting much of a profit for at least 3 more years. I'd rather they be at "break even", and continue with Gigafactory Berlin, and expanding (already!) Gigafactory Shanghai, and expand Gigafactory Reno.



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Persistence is necessary for Excellence. And Persistence is a Decision.

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Re: TSLA Jumps
Posted by: ztirffritz
Date: April 30, 2020 04:26PM
Just finish Reno. They've only built about 1/3 of it.



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Re: TSLA Jumps
Posted by: sekker
Date: April 30, 2020 09:12PM
Quote
ztirffritz
Just finish Reno. They've only built about 1/3 of it.

No. More important than ever to be in different parts of the world first.
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Re: TSLA Jumps
Posted by: Rolando
Date: May 03, 2020 09:10AM
Quote
ztirffritz
They did better than Ford or GM. Ford’s executive team salary was more than the company’s profits.

I used to be a Ford guy. Then I asked myself why. I haven't bought a Ford or other American car company for years. Executive pay is killing the US Auto Industry (and probably most others).
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