Tesla Spontaneously Catches Fire - Is Incinerated After Burning For Hours
https://pittsburgh.cbslocal.com/2019/04/17/monroeville-tesla-fire
Must be the Chinese Hackers, likely they are Shorts too.
Not a ponzi scheme.
It's called a pyramid scheme.
98 percent of businesses on the planet are pyramid schemes for profit.
The person at the top gets it all and everyone below him gets nothing.
Mandarin speaker wrote:
Must be the Chinese Hackers, likely they are Shorts too.
Maybe it "had an anomaly"...
https://arstechnica.com/science/2019/04/spacexs-crew-dragon-spacecraft-has-had-an-anomaly-during-tests-saturday/Mandarin speaker wrote:
Must be the Chinese Hackers, likely they are Shorts too.
Seems Contagious?
In a separate, unrelated incident, Tesla’s rival in China, Nio, said in a social media post that an ES8 electric sport utility vehicle caught fire on Monday in a Nio service center in the central city of Xian while under repair.
“Nio has launched an investigation to determine the cause of the fire,” Nio said, adding no one was harmed due to the incident.
https://www.reuters.com/article/us-tesla-china-idUSKCN1RY023Sound advice from a Weibo user wrote:
"One lesson I learnt from the Shanghai self-exploding Tesla: Don’t park your car next to a Tesla,".
That's what I thought too.
Cars and batteries (and solar thingamajigs) in disarray? Never fear, Musk is branching out into Insurance.
Wedbush analyst Daniel Ives led the charge, calling Tesla's quarter “one of top debacles” he had ever seen in 20 years of covering tech stocks on the Street. He slashed his price target to $275 from $365 and changed his rating from a buy to hold. “Musk & Co. in an episode out of the ‘The Twilight Zone’ act as if demand and profitability will magically return to the Tesla story,” Ives said in a note to clients. “At this point the writing is on the wall that Tesla will likely have to raise over $3 billion of capital in the near term to sustain its capex and debt needs given its current profitability path, which is another black cloud over the name with an inexperienced CFO now at the helm,
Goldman Sachs also downgraded Tesla, slashing their price target to $200 (it already had the company at a Sell) and saying the "...results miss[ed] despite an already anticipated weak quarter." David Tamberrino from Goldman mirrored some of our concerns about the company's questionable guidance, especially as it related to capex spend:
We believe the implied quarterly rate for 2H19 of 101k to 121k is aggressive; as such, our full year volume estimates still fall short of the low-end of the company's guidance range. Ultimately, we believe the company's 'if we build it, they will come' mantra likely requires incremental incentives (or some form of this) in order to entice incremental sales – which also will weigh on gross margins. Lastly, from a FCF perspective, with the anticipated ramp in capex, we do expect to see quarterly FCF burns later this year – which could make raising capital prudent ahead of this. We maintain our Sell rating and our 12-month price target declines to $200 (from $210).
Customer deposits were down again, coming in at a $768mn balance at quarter end (down from $793mn at 4Q18 end). This comes as we have continued to see customer deposits trend down as the company has said they have been fulfilling Model 3 orders. However, we ultimately think the continued decline may indicate that the sustainable demand for TSLA products may not be as high as some investors initially anticipated. Further, with the Model Y now taking deposits, but the total amount down again sequentially we think this may be the harbinger of more demand softness to come for TSLA.
Now this is a great posting.
Thank you.
"Shenma Special Car" a Chinese company upset with the low quality of the 278 Teslas it purchased, is going to pay for ads to be put on the Times Square Reuters billboard saying, "Can not repair" and "Don't pay for it!
Based in the city of Chengdu in China's southwestern Sichuan province, Shenma is the largest single buyer of Teslas in the Asia-Pacific region, according to the Times, with 278 of the electric vehicles purchased from 2016 to 2017.
The company also knocked the inefficiency and unresponsiveness of Tesla's customer service - claiming that some of the vehicles took over a year-and-a-half to be repaired, causing the company direct economic losses of up t 6.5 million yuan ($970,000).
However, the company claims that out of the 278 vehicles produced by Tesla, over 20 percent experienced electromechanical malfunctions.
http://www.globaltimes.cn/content/1147807.shtml$TSLA sold $216 MM of regulatory credits in the 1Q.
Likely to be their main product soon.
$TSLA's Q1 cash included $140MM from FCA that it has to earn over the next 2-3 years by delivering cars in Europe. FCA bought indulgences at a discount from the most desperate seller.
https://www.barrons.com/articles/elon-musk-tesla-profitability-51556507440