11611 replies to this topic

[Mike K.]

The broke even and pay yourself first bits.

[tjv]

One of the basic rules of business is you must pay yourself first, it was instilled in me from an early age.  In the example of day trading if you only make $200 in a day, but that took you away from your $400 a day job completely, did you really make any money?  NOPE

[Mike K.]

Apple reportedly bid $240 per share for Tesla back in 2013.

It’s no secret they would like to buy or at least partner with an automaker, and the question now is with which one.

In other news a Morgan Stanley analyst believes Tesla saturated the market with their vehicles and grew too big, too soon.

[rjag]

https://www.reuters....l-idUSKCN1SR0WO

 

One of Tesla’s former biggest supporters on Wall Street said on Tuesday the electric carmaker’s shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars

 

.

[Mike K.]

I know that Big Bad China is now the favourite Bad Guy for anything related to global trade and corporate performance, but the nail in Tesla’s coffin was the erosion of US subsidies. Once they disappeared demand evaporated.

And now the only saving grace for the company is China, but China is littered with competitors.

[lanforod]

The federal US subsidies aren't completely gone yet, not till end of this year. There are various state level ones too, I think. 

I'm not sure how much of an effect the subsidies had though simply because they likely didn't contribute that much to increased sales, particularly before the Model 3 came out. Someone who can afford a 100k Model S can afford a 107 500 Model S too.

[Mike K.]

The subsidies (various forms, including direct and indirect government involvement) subsidized each Tesla sale in the United States at an average of $10,197 per car.

 

It's not a coincidence that as the subsidies evaporated Tesla had the proverbial rug pulled from under its feet.

[Jackerbie]

^ Wasn't there also something to do with carbon credits, and Tesla has such a massive surplus of credits that they were/are selling them to other automakers to the tune of millions of dollars annually?

[Mike K.]

Yes, Tesla is also in the business of absorbing fleet emission overages by automobile manufacturers in Europe.

[Jason-L]

Apple reportedly bid $240 per share for Tesla back in 2013.

It’s no secret they would like to buy or at least partner with an automaker, and the question now is with which one.

In other news a Morgan Stanley analyst believes Tesla saturated the market with their vehicles and grew too big, too soon.

Is that a variation of "Nobody goes there anymore. It’s too crowded." ?

The problem with Tesla is they sold too many cars.

[Mike K.]

I think it's more like 'now that everyone's fed, what do we do?'

[tjv]

Apple reportedly bid $240 per share for Tesla back in 2013.

So this appears to be nothing but a rumor and no paperwork exists proving the offer.

 

Why is this suddenly making news 6 years later?  Perhaps its because share prices have plummeted and this is nothing more than a fraud like "Am considering taking Tesla private at $420.  Funding secured"

[pennymurphy2000]

Toyota rolls out the first hybrid corolla next year. The price is quite good coming in at just a hair under 25 K.

[lanforod]

^ why though? What does it add that the Prius doesn't have?

[DustMagnet]

^ Same as the Hybrid Camry - it's Not A Prius.

[sebberry]

I drove a hybrid Camry a number of years ago.  Probably a first gen model.  Hated every minute of it.  Have they improved?  

[lanforod]

The Camry at least has a size argument. The Corolla is basically the same size as a Prius, the specs are almost identical. The only key difference is that one is a sedan and one is a hatchback.

[Matt R.]

I drive my wife’s Prius from time to time. Too small, no power, hard seat, massive blind spots. Uses half the gas of my vehicle though, so it has that going for it. Next car will almost surely be all electric. She jokes about a Tesla, but I’m not sure she’s joking as much these days...

Matt.

[pennymurphy2000]

^ why though? What does it add that the Prius doesn't have?

Name brand recognition most likely. Civic and Corolla are the # 1 and 2 best selling cars in Canada for a reason. They may be a little too vanilla for some folks but they are relatively affordable and they tend to be super reliable. 

[Tom Braybrook]

I drive my wife’s Prius from time to time. Too small, no power, hard seat, massive blind spots. Uses half the gas of my vehicle though, so it has that going for it. Next car will almost surely be all electric. She jokes about a Tesla, but I’m not sure she’s joking as much these days...

Matt.

 

test drive the vw egolf...pretty close to my old gti...but all electric